Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 23,545,420 | 20,757,269 | 2,788,151 | 13.7 | 29% |
| 2012 | 26,494,150 | 21,458,395 | 5,035,755 | 16.2 | 29% |
| 2013 | 28,185,690 | 20,900,131 | 7,285,559 | 20.6 | 32% |
| 2014 | 30,784,312 | 23,802,928 | 6,981,384 | 21.6 | 28% |
| 2015 | 34,638,456 | 23,134,486 | 11,503,970 | 28.2 | 33% |
| 2016 | 38,130,595 | 25,636,615 | 12,493,980 | 31.3 | 33% |
| 2017 | 44,217,771 | 30,569,086 | 13,648,685 | 31.6 | 30% |
| 2018 | 51,927,755 | 36,648,268 | 15,279,487 | 31.3 | 28% |
| 2019 | 56,196,393 | 40,870,402 | 15,325,991 | 32.6 | 28% |
| 2020 | 60,859,425 | 44,308,630 | 16,550,795 | 34.7 | 29% |
| 2021 | 71,459,461 | 48,156,847 | 23,302,614 | 37.3 | 30% |
| 2022 | 86,734,421 | 58,435,103 | 28,299,318 | 32.9 | 29% |
| 2023 | 108,697,736 | 81,246,313 | 27,451,423 | 27.7 | 24% |
In its most recent public year (2023), this organization brought in $27,451,423 more than it spent. Its reserves stood at about 27.7 months of spending, up from 13.7 in 2011. Staff pay was 24% 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