Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 5,467,853 | 4,407,104 | 1,060,749 | 51.8 | 27% |
| 2012 | 5,569,263 | 4,504,546 | 1,064,717 | 52.5 | 29% |
| 2013 | 5,796,088 | 4,743,875 | 1,052,213 | 50.3 | 30% |
| 2014 | 5,962,984 | 4,839,434 | 1,123,550 | 52.2 | 31% |
| 2015 | 6,422,938 | 4,793,802 | 1,629,136 | 56.5 | 33% |
| 2016 | 7,140,029 | 5,510,151 | 1,629,878 | 51.9 | 31% |
| 2017 | 7,741,477 | 5,956,855 | 1,784,622 | 51.1 | 32% |
| 2018 | 8,594,695 | 6,371,090 | 2,223,605 | 50.8 | 33% |
| 2019 | 11,228,933 | 10,356,916 | 872,017 | 38.0 | 27% |
| 2020 | 15,884,770 | 14,931,153 | 953,617 | 47.1 | 38% |
| 2021 | 19,135,519 | 16,204,713 | 2,930,806 | 42.7 | 41% |
| 2022 | 21,128,039 | 18,149,828 | 2,978,211 | 29.0 | 40% |
| 2023 | 25,332,798 | 22,632,248 | 2,700,550 | 25.8 | 33% |
In its most recent public year (2023), this organization brought in $2,700,550 more than it spent. Its reserves stood at about 25.8 months of spending, down from 51.8 in 2011. Staff pay was 33% 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