Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 186,123 | 176,942 | 9,181 | 60.6 | 21% |
| 2012 | 181,122 | 178,181 | 2,941 | 60.4 | 22% |
| 2013 | 171,791 | 162,416 | 9,375 | 66.9 | 25% |
| 2016 | 111,880 | 106,575 | 5,305 | 99.4 | 39% |
| 2017 | 116,415 | 110,002 | 6,413 | 97.0 | 36% |
| 2021 | 111,086 | 108,884 | 2,202 | 101.2 | 33% |
| 2022 | 115,476 | 114,815 | 661 | 96.0 | 32% |
| 2023 | 202,117 | 195,619 | 6,498 | 56.8 | 19% |
In its most recent public year (2023), this organization brought in $6,498 more than it spent. Its reserves stood at about 56.8 months of spending, down from 60.6 in 2011. Staff pay was 19% 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
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