Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 16,780,809 | 15,306,500 | 1,474,309 | 13.8 | 27% |
| 2012 | 17,791,201 | 14,187,664 | 3,603,537 | 17.8 | 32% |
| 2013 | 19,220,469 | 14,094,742 | 5,125,727 | 21.9 | 34% |
| 2014 | 19,647,027 | 15,897,550 | 3,749,477 | 22.5 | 34% |
| 2015 | 20,782,560 | 16,878,941 | 3,903,619 | 24.1 | 36% |
| 2016 | 22,245,521 | 18,959,100 | 3,286,421 | 23.5 | 32% |
| 2017 | 23,788,349 | 20,285,023 | 3,503,326 | 23.9 | 33% |
| 2018 | 24,389,388 | 20,521,394 | 3,867,994 | 25.7 | 35% |
| 2019 | 26,094,424 | 23,007,205 | 3,087,219 | 25.0 | 34% |
| 2020 | 32,051,397 | 29,004,803 | 3,046,594 | 29.6 | 34% |
| 2021 | 33,417,719 | 28,250,503 | 5,167,216 | 32.3 | 36% |
| 2022 | 35,732,823 | 29,590,642 | 6,142,181 | 31.3 | 37% |
| 2023 | 43,516,428 | 36,934,405 | 6,582,023 | 27.2 | 32% |
In its most recent public year (2023), this organization brought in $6,582,023 more than it spent. Its reserves stood at about 27.2 months of spending, up from 13.8 in 2011. Staff pay was 32% 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