Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,097,535 | 1,023,946 | 73,589 | 27.3 | 29% |
| 2012 | 1,071,493 | 941,080 | 130,413 | 31.4 | 31% |
| 2013 | 1,055,971 | 901,358 | 154,613 | 34.8 | 34% |
| 2014 | 1,077,517 | 955,766 | 121,751 | 34.4 | 32% |
| 2015 | 1,080,114 | 956,346 | 123,768 | 35.9 | 34% |
| 2016 | 1,117,011 | 886,913 | 230,098 | 41.8 | 31% |
| 2017 | 1,204,953 | 1,004,363 | 200,590 | 39.3 | 30% |
| 2018 | 1,419,949 | 988,872 | 431,077 | 45.2 | 35% |
| 2019 | 1,621,090 | 1,199,328 | 421,762 | 41.5 | 36% |
| 2020 | 1,590,033 | 1,336,032 | 254,001 | 39.5 | 36% |
| 2021 | 1,601,833 | 1,270,029 | 331,804 | 44.7 | 42% |
| 2022 | 2,311,299 | 1,396,145 | 915,154 | 48.5 | 40% |
| 2023 | 2,204,309 | 1,745,982 | 458,327 | 40.6 | 36% |
In its most recent public year (2023), this organization brought in $458,327 more than it spent. Its reserves stood at about 40.6 months of spending, up from 27.3 in 2011. Staff pay was 36% 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