Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 31,319,467 | 23,978,882 | 7,340,585 | 39.9 | 41% |
| 2015 | 35,367,180 | 27,253,306 | 8,113,874 | 38.6 | 40% |
| 2016 | 39,182,523 | 31,558,306 | 7,624,217 | 36.3 | 39% |
| 2017 | 43,314,527 | 34,394,742 | 8,919,785 | 36.4 | 39% |
| 2018 | 48,432,169 | 39,781,919 | 8,650,250 | 34.0 | 43% |
| 2019 | 56,742,135 | 49,078,834 | 7,663,301 | 29.5 | 39% |
| 2020 | 59,570,795 | 50,153,741 | 9,417,054 | 31.1 | 44% |
| 2021 | 61,092,324 | 48,698,466 | 12,393,858 | 35.1 | 50% |
| 2022 | 68,299,039 | 58,544,558 | 9,754,481 | 30.7 | 47% |
| 2023 | 99,983,788 | 96,013,609 | 3,970,179 | 18.6 | 32% |
In its most recent public year (2023), this organization brought in $3,970,179 more than it spent. Its reserves stood at about 18.6 months of spending, down from 39.9 in 2014. Staff pay was 32% 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