Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 10,439,971 | 9,797,347 | 642,624 | 20.1 | 25% |
| 2012 | 10,994,085 | 10,265,577 | 728,508 | 20.2 | 26% |
| 2013 | 11,562,064 | 9,784,419 | 1,777,645 | 20.6 | 31% |
| 2014 | 11,588,205 | 9,778,836 | 1,809,369 | 24.8 | 35% |
| 2015 | 12,146,474 | 11,076,579 | 1,069,895 | 22.0 | 29% |
| 2016 | 15,092,120 | 12,637,910 | 2,454,210 | 23.3 | 34% |
| 2017 | 16,788,669 | 13,572,812 | 3,215,857 | 24.6 | 33% |
| 2018 | 18,969,550 | 16,945,864 | 2,023,686 | 22.2 | 35% |
| 2019 | 22,992,823 | 20,961,439 | 2,031,384 | 18.8 | 33% |
| 2020 | 19,412,411 | 18,613,765 | 798,646 | 21.5 | 34% |
| 2021 | 22,316,776 | 18,634,519 | 3,682,257 | 24.3 | 37% |
| 2022 | 20,530,252 | 19,446,149 | 1,084,103 | 17.2 | 38% |
| 2023 | 30,634,389 | 26,874,380 | 3,760,009 | 15.2 | 29% |
In its most recent public year (2023), this organization brought in $3,760,009 more than it spent. Its reserves stood at about 15.2 months of spending, down from 20.1 in 2011. Staff pay was 29% 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