Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 17,594,975 | 14,600,164 | 2,994,811 | 36.4 | 25% |
| 2012 | 16,368,505 | 13,545,776 | 2,822,729 | 40.7 | 29% |
| 2013 | 14,483,385 | 11,123,840 | 3,359,545 | 51.3 | 34% |
| 2014 | 16,086,361 | 11,795,564 | 4,290,797 | 53.8 | 36% |
| 2015 | 17,165,497 | 12,045,577 | 5,119,920 | 57.1 | 38% |
| 2016 | 19,596,465 | 14,429,709 | 5,166,756 | 50.1 | 34% |
| 2017 | 20,192,600 | 14,875,382 | 5,317,218 | 53.0 | 34% |
| 2018 | 21,421,735 | 16,170,537 | 5,251,198 | 52.2 | 35% |
| 2019 | 23,593,571 | 17,302,860 | 6,290,711 | 55.3 | 35% |
| 2020 | 25,031,152 | 17,477,827 | 7,553,325 | 62.5 | 36% |
| 2021 | 25,132,877 | 17,903,074 | 7,229,803 | 61.5 | 36% |
| 2022 | 27,618,251 | 19,570,980 | 8,047,271 | 38.1 | 36% |
| 2023 | 34,438,890 | 24,660,197 | 9,778,693 | 36.3 | 30% |
In its most recent public year (2023), this organization brought in $9,778,693 more than it spent. Its reserves stood at about 36.3 months of spending. Staff pay was 30% 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