Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,806,348 | 2,454,118 | 352,230 | 36.6 | 29% |
| 2012 | 2,721,734 | 2,360,161 | 361,573 | 39.9 | 29% |
| 2013 | 3,320,890 | 3,122,777 | 198,113 | 31.9 | 24% |
| 2014 | 2,779,965 | 2,415,189 | 364,776 | 43.5 | 30% |
| 2015 | 2,715,643 | 2,457,054 | 258,589 | 44.0 | 28% |
| 2016 | 2,744,249 | 2,517,422 | 226,827 | 44.0 | 25% |
| 2017 | 2,915,883 | 2,511,040 | 404,843 | 46.1 | 24% |
| 2018 | 3,765,409 | 3,496,625 | 268,784 | 34.0 | 20% |
| 2019 | 3,993,123 | 3,763,128 | 229,995 | 32.4 | 18% |
| 2020 | 3,471,245 | 3,468,918 | 2,327 | 35.2 | 18% |
| 2021 | 3,058,882 | 2,731,083 | 327,799 | 45.9 | 23% |
| 2022 | 3,388,000 | 2,988,378 | 399,622 | 43.6 | 24% |
| 2023 | 4,629,262 | 4,318,589 | 310,673 | 31.0 | 20% |
In its most recent public year (2023), this organization brought in $310,673 more than it spent. Its reserves stood at about 31 months of spending, down from 36.6 in 2011. Staff pay was 20% 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