Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 69,882,809 | 54,651,704 | 15,231,105 | 38.6 | 28% |
| 2012 | 72,483,025 | 50,616,260 | 21,866,765 | 47.0 | 31% |
| 2013 | 74,700,509 | 51,177,028 | 23,523,481 | 49.2 | 31% |
| 2014 | 80,470,564 | 53,526,822 | 26,943,742 | 54.4 | 31% |
| 2015 | 91,967,134 | 59,042,711 | 32,924,423 | 60.6 | 32% |
| 2016 | 99,695,215 | 67,069,452 | 32,625,763 | 57.9 | 31% |
| 2017 | 108,985,423 | 68,730,351 | 40,255,072 | 63.3 | 32% |
| 2018 | 129,267,326 | 82,130,686 | 47,136,640 | 60.0 | 30% |
| 2019 | 152,232,387 | 96,299,551 | 55,932,836 | 59.2 | 28% |
| 2020 | 166,438,700 | 111,605,322 | 54,833,378 | 58.1 | 27% |
| 2021 | 172,897,608 | 90,163,505 | 82,734,103 | 80.4 | 36% |
| 2022 | 200,960,128 | 114,302,483 | 86,657,645 | 60.2 | 28% |
| 2023 | 255,140,144 | 173,568,778 | 81,571,366 | 46.7 | 20% |
In its most recent public year (2023), this organization brought in $81,571,366 more than it spent. Its reserves stood at about 46.7 months of spending, up from 38.6 in 2011. Staff pay was 20% 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