Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 9,585,785 | 8,756,609 | 829,176 | 27.9 | 28% |
| 2012 | 13,047,914 | 11,498,556 | 1,549,358 | 34.2 | 35% |
| 2013 | 15,696,141 | 14,007,192 | 1,688,949 | 29.3 | 36% |
| 2014 | 18,373,745 | 16,683,602 | 1,690,143 | 25.8 | 36% |
| 2015 | 22,901,820 | 20,206,532 | 2,695,288 | 22.9 | 34% |
| 2016 | 26,591,622 | 23,123,028 | 3,468,594 | 21.8 | 32% |
| 2017 | 30,595,141 | 25,845,328 | 4,749,813 | 24.4 | 34% |
| 2018 | 35,805,626 | 31,282,916 | 4,522,710 | 21.6 | 34% |
| 2019 | 38,127,628 | 34,054,492 | 4,073,136 | 22.0 | 33% |
| 2020 | 38,003,666 | 34,935,873 | 3,067,793 | 23.3 | 35% |
| 2021 | 38,250,460 | 32,262,942 | 5,987,518 | 25.9 | 40% |
| 2022 | 44,711,143 | 39,920,308 | 4,790,835 | 17.0 | 36% |
| 2023 | 54,322,500 | 51,839,473 | 2,483,027 | 14.3 | 31% |
In its most recent public year (2023), this organization brought in $2,483,027 more than it spent. Its reserves stood at about 14.3 months of spending, down from 27.9 in 2011. Staff pay was 31% 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