Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,986,399 | 3,877,461 | 108,938 | 30.1 | 27% |
| 2012 | 3,720,773 | 3,398,249 | 322,524 | 35.1 | 29% |
| 2013 | 3,510,221 | 3,416,558 | 93,663 | 35.0 | 29% |
| 2014 | 3,512,141 | 3,047,404 | 464,737 | 41.3 | 29% |
| 2015 | 3,437,923 | 2,864,793 | 573,130 | 46.4 | 33% |
| 2016 | 3,418,106 | 3,008,095 | 410,011 | 45.8 | 34% |
| 2017 | 3,396,859 | 2,932,874 | 463,985 | 48.9 | 35% |
| 2018 | 3,575,134 | 2,956,535 | 618,599 | 51.0 | 35% |
| 2019 | 3,712,243 | 3,175,202 | 537,041 | 49.6 | 35% |
| 2020 | 3,470,682 | 3,118,704 | 351,978 | 51.8 | 34% |
| 2021 | 3,274,883 | 2,767,350 | 507,533 | 60.6 | 37% |
| 2022 | 3,563,157 | 2,861,376 | 701,781 | 61.4 | 36% |
| 2023 | 7,314,423 | 5,573,176 | 1,741,247 | 45.1 | 30% |
In its most recent public year (2023), this organization brought in $1,741,247 more than it spent. Its reserves stood at about 45.1 months of spending, up from 30.1 in 2011. Staff pay was 30% 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