Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 10,661,324 | 10,168,960 | 492,364 | 16.7 | 26% |
| 2012 | 9,830,310 | 9,580,489 | 249,821 | 18.4 | 28% |
| 2013 | 11,224,981 | 10,042,824 | 1,182,157 | 18.2 | 29% |
| 2014 | 11,016,578 | 9,861,368 | 1,155,210 | 20.3 | 31% |
| 2015 | 11,294,391 | 10,467,291 | 827,100 | 20.0 | 31% |
| 2016 | 12,694,585 | 11,164,913 | 1,529,672 | 19.8 | 32% |
| 2017 | 14,831,444 | 12,959,650 | 1,871,794 | 18.8 | 31% |
| 2018 | 17,630,120 | 15,670,873 | 1,959,247 | 16.5 | 29% |
| 2019 | 19,034,085 | 16,286,151 | 2,747,934 | 19.4 | 4% |
| 2020 | 19,980,667 | 13,847,394 | 6,133,273 | 29.2 | 36% |
| 2021 | 18,894,161 | 13,912,428 | 4,981,733 | 31.1 | 39% |
| 2022 | 20,868,717 | 16,640,278 | 4,228,439 | 22.5 | 34% |
| 2023 | 24,218,411 | 19,212,785 | 5,005,626 | 23.5 | 32% |
In its most recent public year (2023), this organization brought in $5,005,626 more than it spent. Its reserves stood at about 23.5 months of spending, up from 16.7 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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works