Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 290,126 | 287,801 | 2,325 | 61.7 | 28% |
| 2012 | 263,711 | 267,119 | −3,408 | 66.3 | 30% |
| 2013 | 305,785 | 319,776 | −13,991 | 54.9 | 25% |
| 2014 | 363,864 | 337,024 | 26,840 | 53.0 | 24% |
| 2015 | 362,857 | 324,935 | 37,922 | 56.4 | 26% |
| 2016 | 374,542 | 351,666 | 22,876 | 52.9 | 30% |
| 2017 | 412,531 | 385,918 | 26,613 | 49.0 | 34% |
| 2018 | 485,051 | 394,584 | 90,467 | 50.7 | 38% |
| 2019 | 526,540 | 411,023 | 115,517 | 52.1 | 39% |
| 2020 | 526,430 | 428,223 | 98,207 | 52.7 | 36% |
| 2021 | 467,567 | 409,932 | 57,635 | 56.8 | 30% |
| 2022 | 471,202 | 447,338 | 23,864 | 52.7 | 31% |
| 2023 | 594,495 | 485,614 | 108,881 | 51.1 | 32% |
In its most recent public year (2023), this organization brought in $108,881 more than it spent. Its reserves stood at about 51.1 months of spending, down from 61.7 in 2011. Staff pay was 32% 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