Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 29,009,780 | 26,796,386 | 2,213,394 | 15.1 | 25% |
| 2012 | 32,029,496 | 23,604,983 | 8,424,513 | 21.4 | 36% |
| 2013 | 34,536,952 | 27,932,244 | 6,604,708 | 21.0 | 33% |
| 2014 | 37,783,410 | 29,757,890 | 8,025,520 | 22.9 | 34% |
| 2015 | 42,934,409 | 34,383,956 | 8,550,453 | 22.8 | 34% |
| 2016 | 49,668,739 | 39,251,578 | 10,417,161 | 23.2 | 35% |
| 2017 | 56,872,419 | 44,622,302 | 12,250,117 | 23.7 | 35% |
| 2018 | 68,117,784 | 55,731,856 | 12,385,928 | 21.6 | 31% |
| 2019 | 82,426,936 | 66,679,425 | 15,747,511 | 20.9 | 30% |
| 2020 | 95,997,052 | 75,304,228 | 20,692,824 | 21.8 | 31% |
| 2021 | 105,757,638 | 77,619,518 | 28,138,120 | 25.5 | 38% |
| 2022 | 106,396,713 | 83,351,435 | 23,045,278 | 27.1 | 36% |
| 2023 | 132,085,885 | 110,953,066 | 21,132,819 | 21.9 | 27% |
In its most recent public year (2023), this organization brought in $21,132,819 more than it spent. Its reserves stood at about 21.9 months of spending, up from 15.1 in 2011. Staff pay was 27% 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