Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,206,831 | 2,036,772 | 170,059 | 20.8 | 29% |
| 2012 | 2,210,707 | 2,174,734 | 35,973 | 19.6 | 28% |
| 2013 | 2,246,322 | 2,362,155 | −115,833 | 17.5 | 28% |
| 2014 | 2,311,924 | 2,165,104 | 146,820 | 19.9 | 29% |
| 2015 | 2,417,933 | 2,026,852 | 391,081 | 23.6 | 32% |
| 2016 | 2,624,764 | 2,262,100 | 362,664 | 23.1 | 35% |
| 2017 | 2,751,559 | 2,579,482 | 172,077 | 21.0 | 39% |
| 2018 | 3,224,572 | 3,031,968 | 192,604 | 18.6 | 36% |
| 2019 | 3,372,172 | 3,085,502 | 286,670 | 19.4 | 36% |
| 2020 | 3,537,439 | 3,237,462 | 299,977 | 21.3 | 41% |
| 2021 | 3,878,905 | 3,114,388 | 764,517 | 22.3 | 44% |
| 2022 | 5,024,075 | 3,719,833 | 1,304,242 | 15.0 | 44% |
| 2023 | 4,646,021 | 4,225,887 | 420,134 | 15.8 | 43% |
In its most recent public year (2023), this organization brought in $420,134 more than it spent. Its reserves stood at about 15.8 months of spending, down from 20.8 in 2011. Staff pay was 43% 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