Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 15,230,939 | 11,741,352 | 3,489,587 | 32.0 | 26% |
| 2016 | 13,763,979 | 12,486,924 | 1,277,055 | 31.4 | 26% |
| 2017 | 13,102,216 | 11,183,779 | 1,918,437 | 37.2 | 33% |
| 2018 | 14,753,782 | 12,712,714 | 2,041,068 | 34.6 | 32% |
| 2019 | 16,149,680 | 14,650,131 | 1,499,549 | 31.3 | 30% |
| 2020 | 16,335,314 | 14,442,775 | 1,892,539 | 33.3 | 33% |
| 2021 | 18,739,193 | 14,499,595 | 4,239,598 | 36.6 | 38% |
| 2022 | 21,603,999 | 16,880,842 | 4,723,157 | 34.1 | 37% |
| 2023 | 24,864,783 | 22,611,791 | 2,252,992 | 25.4 | 31% |
In its most recent public year (2023), this organization brought in $2,252,992 more than it spent. Its reserves stood at about 25.4 months of spending, down from 32 in 2015. Staff pay was 31% 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
Credit Unions Chartered In The State Of Michigan's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works