Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,741,322 | 1,635,151 | 106,171 | 24.1 | 24% |
| 2012 | 1,708,692 | 1,658,388 | 50,304 | 24.1 | 26% |
| 2013 | 1,662,746 | 1,472,465 | 190,281 | 28.7 | 29% |
| 2014 | 1,716,781 | 1,396,200 | 320,581 | 33.0 | 31% |
| 2015 | 1,761,962 | 1,486,783 | 275,179 | 33.2 | 32% |
| 2016 | 2,040,942 | 1,432,832 | 608,110 | 39.6 | 36% |
| 2017 | 2,655,993 | 1,867,067 | 788,926 | 35.1 | 33% |
| 2018 | 3,463,967 | 2,499,611 | 964,356 | 30.8 | 33% |
| 2019 | 4,169,000 | 3,194,519 | 974,481 | 28.0 | 29% |
| 2020 | 4,822,067 | 3,585,695 | 1,236,372 | 29.2 | 31% |
| 2021 | 5,498,862 | 3,880,835 | 1,618,027 | 31.7 | 31% |
| 2022 | 6,315,016 | 4,749,542 | 1,565,474 | 28.3 | 30% |
| 2023 | 8,484,424 | 6,772,288 | 1,712,136 | 23.1 | 24% |
In its most recent public year (2023), this organization brought in $1,712,136 more than it spent. Its reserves stood at about 23.1 months of spending. Staff pay was 24% 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