Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 8,002,589 | 6,367,381 | 1,635,208 | 55.8 | 28% |
| 2019 | 8,235,674 | 6,523,799 | 1,711,875 | 57.6 | 31% |
| 2020 | 8,305,250 | 6,733,891 | 1,571,359 | 58.6 | 36% |
| 2021 | 8,907,021 | 7,374,400 | 1,532,621 | 56.0 | 35% |
| 2022 | 12,249,801 | 9,180,849 | 3,068,952 | 56.7 | 33% |
| 2023 | 13,254,286 | 10,123,384 | 3,130,902 | 54.7 | 32% |
In its most recent public year (2023), this organization brought in $3,130,902 more than it spent. Its reserves stood at about 54.7 months of spending, down from 55.8 in 2018. 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