Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 7,531,926 | 5,318,058 | 2,213,868 | 44.5 | 28% |
| 2012 | 7,464,450 | 5,420,829 | 2,043,621 | 48.1 | 31% |
| 2013 | 6,884,503 | 5,150,697 | 1,733,806 | 53.6 | 33% |
| 2014 | 7,666,715 | 5,110,926 | 2,555,789 | 59.9 | 39% |
| 2015 | 8,443,772 | 5,979,410 | 2,464,362 | 56.1 | 35% |
| 2016 | 9,346,944 | 6,791,218 | 2,555,726 | 53.9 | 33% |
| 2017 | 10,053,314 | 7,663,318 | 2,389,996 | 51.4 | 32% |
| 2018 | 11,350,188 | 8,934,581 | 2,415,607 | 47.3 | 29% |
| 2019 | 13,163,286 | 10,548,719 | 2,614,567 | 43.4 | 28% |
| 2020 | 15,890,998 | 10,715,854 | 5,175,144 | 49.5 | 31% |
| 2021 | 14,980,638 | 10,203,346 | 4,777,292 | 56.0 | 33% |
| 2022 | 13,400,712 | 11,491,605 | 1,909,107 | 43.6 | 32% |
| 2023 | 16,738,081 | 14,198,224 | 2,539,857 | 38.8 | 29% |
In its most recent public year (2023), this organization brought in $2,539,857 more than it spent. Its reserves stood at about 38.8 months of spending, down from 44.5 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