Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 9,982,216 | 8,840,836 | 1,141,380 | 223.8 | 32% |
| 2012 | 9,948,562 | 7,858,943 | 2,089,619 | 266.4 | 34% |
| 2013 | 9,920,463 | 8,225,124 | 1,695,339 | 267.1 | 45% |
| 2014 | 13,485,117 | 9,622,231 | 3,862,886 | 346.7 | 30% |
| 2015 | 16,623,863 | 13,090,279 | 3,533,584 | 278.5 | 31% |
| 2016 | 17,735,079 | 14,281,882 | 3,453,197 | 274.0 | 32% |
| 2017 | 18,311,971 | 16,760,514 | 1,551,457 | 248.8 | 28% |
| 2018 | 21,562,180 | 19,394,235 | 2,167,945 | 24.1 | 29% |
| 2022 | 60,191,684 | 48,127,958 | 12,063,726 | 26.6 | 32% |
| 2023 | 70,370,228 | 62,710,756 | 7,659,472 | 23.4 | 27% |
In its most recent public year (2023), this organization brought in $7,659,472 more than it spent. Its reserves stood at about 23.4 months of spending, down from 223.8 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
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