Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 4,925,713 | 3,869,703 | 1,056,010 | 30.1 | 25% |
| 2012 | 4,942,500 | 4,025,215 | 917,285 | 31.7 | 25% |
| 2013 | 4,877,198 | 4,011,650 | 865,548 | 33.3 | 26% |
| 2014 | 5,065,714 | 4,175,955 | 889,759 | 35.4 | 25% |
| 2015 | 5,210,106 | 4,759,228 | 450,878 | 31.8 | 26% |
| 2016 | 7,389,955 | 6,505,660 | 884,295 | 28.4 | 31% |
| 2017 | 7,960,280 | 6,926,251 | 1,034,029 | 28.2 | 31% |
| 2018 | 9,051,351 | 7,858,713 | 1,192,638 | 26.4 | 29% |
| 2019 | 10,136,995 | 8,575,129 | 1,561,866 | 27.0 | 30% |
| 2020 | 9,155,642 | 8,579,547 | 576,095 | 28.9 | 29% |
| 2021 | 10,152,824 | 8,945,602 | 1,207,222 | 27.4 | 32% |
| 2022 | 11,368,957 | 9,936,232 | 1,432,725 | 18.3 | 32% |
| 2023 | 12,892,569 | 13,155,065 | −262,496 | 14.9 | 27% |
In its most recent public year (2023), this organization spent $262,496 more than it brought in. Its reserves stood at about 14.9 months of spending, down from 30.1 in 2011. 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
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