Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 9,740,241 | 9,270,889 | 469,352 | 18.8 | 31% |
| 2019 | 10,909,963 | 9,499,431 | 1,410,532 | 20.6 | 33% |
| 2020 | 10,999,420 | 9,700,671 | 1,298,749 | 22.3 | 34% |
| 2021 | 11,495,994 | 9,420,423 | 2,075,571 | 24.6 | 36% |
| 2022 | 12,777,127 | 10,152,686 | 2,624,441 | 20.9 | 35% |
| 2023 | 15,764,672 | 13,622,991 | 2,141,681 | 17.5 | 27% |
In its most recent public year (2023), this organization brought in $2,141,681 more than it spent. Its reserves stood at about 17.5 months of spending, down from 18.8 in 2018. Staff pay was 27% 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