Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,932,528 | 3,010,928 | 921,600 | 50.8 | 28% |
| 2012 | 4,136,033 | 3,062,400 | 1,073,633 | 54.4 | 28% |
| 2014 | 4,261,692 | 3,319,312 | 942,380 | 56.8 | 37% |
| 2015 | 4,083,350 | 3,329,489 | 753,861 | 60.7 | 35% |
| 2016 | 4,251,852 | 3,718,492 | 533,360 | 55.3 | 32% |
| 2017 | 4,566,251 | 3,734,588 | 831,663 | 57.8 | 32% |
| 2018 | 5,196,288 | 4,445,431 | 750,857 | 50.6 | 33% |
| 2019 | 5,807,647 | 4,962,062 | 845,585 | 47.3 | 33% |
| 2020 | 5,881,103 | 5,005,864 | 875,239 | 49.0 | 33% |
| 2021 | 6,644,465 | 5,722,465 | 922,000 | 44.8 | 31% |
| 2022 | 7,151,929 | 6,370,309 | 781,620 | 41.4 | 29% |
| 2023 | 8,284,218 | 7,986,478 | 297,740 | 33.7 | 27% |
In its most recent public year (2023), this organization brought in $297,740 more than it spent. Its reserves stood at about 33.7 months of spending, down from 50.8 in 2011. Staff pay was 27% 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