Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 12,720,366 | 11,540,200 | 1,180,166 | 19.6 | 28% |
| 2012 | 12,074,161 | 10,777,991 | 1,296,170 | 22.4 | 30% |
| 2014 | 12,068,256 | 10,729,566 | 1,338,690 | 25.8 | 30% |
| 2015 | 22,492,717 | 21,023,834 | 1,468,883 | 26.5 | 30% |
| 2016 | 25,240,982 | 21,208,895 | 4,032,087 | 28.4 | 32% |
| 2017 | 28,236,946 | 24,268,196 | 3,968,750 | 26.8 | 32% |
| 2018 | 34,298,344 | 28,441,271 | 5,857,073 | 25.0 | 30% |
| 2019 | 39,221,324 | 34,435,623 | 4,785,701 | 22.8 | 31% |
| 2020 | 43,206,858 | 36,701,631 | 6,505,227 | 24.0 | 1% |
| 2021 | 51,854,069 | 42,435,257 | 9,418,812 | 22.7 | 26% |
| 2022 | 56,680,662 | 45,227,865 | 11,452,797 | 20.2 | 28% |
| 2023 | 72,347,605 | 68,221,104 | 4,126,501 | 14.5 | 23% |
In its most recent public year (2023), this organization brought in $4,126,501 more than it spent. Its reserves stood at about 14.5 months of spending, down from 19.6 in 2011. Staff pay was 23% 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