Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 19,939,519 | 18,784,302 | 1,155,217 | 27.5 | 29% |
| 2012 | 20,701,360 | 17,357,187 | 3,344,173 | 32.6 | 33% |
| 2013 | 22,861,896 | 20,147,731 | 2,714,165 | 29.4 | 29% |
| 2014 | 26,347,036 | 24,278,078 | 2,068,958 | 26.6 | 28% |
| 2015 | 29,517,903 | 23,591,712 | 5,926,191 | 31.0 | 33% |
| 2016 | 32,278,872 | 26,524,518 | 5,754,354 | 29.7 | 32% |
| 2017 | 38,078,643 | 30,710,185 | 7,368,458 | 28.8 | 30% |
| 2018 | 45,510,697 | 35,391,811 | 10,118,886 | 28.4 | 30% |
| 2019 | 50,417,594 | 41,139,734 | 9,277,860 | 27.1 | 28% |
| 2020 | 47,053,855 | 41,897,968 | 5,155,887 | 28.2 | 30% |
| 2021 | 50,830,621 | 40,566,834 | 10,263,787 | 31.2 | 32% |
| 2022 | 52,711,293 | 44,293,607 | 8,417,686 | 27.9 | 31% |
| 2023 | 64,479,602 | 56,414,136 | 8,065,466 | 24.6 | 28% |
In its most recent public year (2023), this organization brought in $8,065,466 more than it spent. Its reserves stood at about 24.6 months of spending, down from 27.5 in 2011. Staff pay was 28% 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