Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 25,919,674 | 22,209,158 | 3,710,516 | 33.7 | 30% |
| 2015 | 25,539,623 | 22,288,261 | 3,251,362 | 35.4 | 31% |
| 2016 | 28,452,279 | 25,543,135 | 2,909,144 | 31.9 | 30% |
| 2017 | 30,494,087 | 27,556,600 | 2,937,487 | 30.9 | 30% |
| 2018 | 30,711,530 | 27,594,834 | 3,116,696 | 31.9 | 32% |
| 2019 | 30,884,823 | 28,489,936 | 2,394,887 | 33.1 | 32% |
| 2020 | 31,034,404 | 29,302,449 | 1,731,955 | 34.7 | 34% |
| 2021 | 36,611,617 | 27,921,900 | 8,689,717 | 37.9 | 37% |
| 2022 | 49,966,116 | 42,573,487 | 7,392,629 | 37.0 | 32% |
| 2023 | 76,218,408 | 66,749,529 | 9,468,879 | 25.9 | 27% |
In its most recent public year (2023), this organization brought in $9,468,879 more than it spent. Its reserves stood at about 25.9 months of spending, down from 33.7 in 2014. 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