Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,801,021 | 3,876,953 | −75,932 | 35.6 | 26% |
| 2012 | 4,223,971 | 3,669,971 | 554,000 | 40.2 | 30% |
| 2013 | 4,139,333 | 3,662,160 | 477,173 | 40.8 | 31% |
| 2014 | 4,177,452 | 3,733,094 | 444,358 | 41.3 | 32% |
| 2015 | 4,277,165 | 3,736,458 | 540,707 | 43.0 | 34% |
| 2016 | 4,475,366 | 3,983,024 | 492,342 | 42.3 | 32% |
| 2017 | 4,633,206 | 4,023,233 | 609,973 | 43.0 | 34% |
| 2018 | 5,246,095 | 4,572,544 | 673,551 | 38.5 | 31% |
| 2019 | 5,659,292 | 5,087,224 | 572,068 | 37.9 | 30% |
| 2020 | 5,655,944 | 5,308,939 | 347,005 | 37.9 | 30% |
| 2021 | 5,898,186 | 5,426,048 | 472,138 | 36.6 | 31% |
| 2022 | 6,550,860 | 5,804,324 | 746,536 | 30.0 | 31% |
| 2023 | 7,727,831 | 6,894,253 | 833,578 | 27.9 | 30% |
In its most recent public year (2023), this organization brought in $833,578 more than it spent. Its reserves stood at about 27.9 months of spending, down from 35.6 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