Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 4,561,759 | 3,919,079 | 642,680 | 34.5 | 24% |
| 2012 | 4,498,516 | 3,740,107 | 758,409 | 43.2 | 26% |
| 2013 | 3,744,875 | 3,349,192 | 395,683 | 42.5 | 29% |
| 2014 | 3,276,903 | 3,064,477 | 212,426 | 53.5 | 35% |
| 2015 | 3,235,688 | 3,303,802 | −68,114 | 48.8 | 29% |
| 2016 | 3,522,059 | 3,459,187 | 62,872 | 46.2 | 29% |
| 2017 | 4,326,376 | 4,005,724 | 320,652 | 41.1 | 27% |
| 2018 | 4,604,765 | 4,333,298 | 271,467 | 37.6 | 26% |
| 2019 | 4,809,238 | 4,466,724 | 342,514 | 39.8 | 24% |
| 2020 | 4,603,095 | 4,402,458 | 200,637 | 42.6 | 25% |
| 2021 | 4,726,169 | 4,435,369 | 290,800 | 40.4 | 27% |
| 2022 | 4,896,131 | 4,552,199 | 343,932 | 31.0 | 27% |
| 2023 | 5,229,098 | 5,061,470 | 167,628 | 29.9 | 26% |
In its most recent public year (2023), this organization brought in $167,628 more than it spent. Its reserves stood at about 29.9 months of spending, down from 34.5 in 2011. Staff pay was 26% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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