Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 25,245,406 | 21,134,446 | 4,110,960 | 25.9 | 25% |
| 2012 | 25,677,002 | 19,756,756 | 5,920,246 | 31.1 | 27% |
| 2013 | 26,050,503 | 18,464,035 | 7,586,468 | 34.4 | 29% |
| 2014 | 30,105,119 | 21,294,164 | 8,810,955 | 39.2 | 33% |
| 2015 | 28,887,482 | 22,601,056 | 6,286,426 | 39.6 | 31% |
| 2016 | 31,730,710 | 22,479,155 | 9,251,555 | 43.7 | 32% |
| 2017 | 32,584,420 | 30,788,393 | 1,796,027 | 32.3 | 26% |
| 2018 | 34,602,066 | 29,724,645 | 4,877,421 | 34.5 | 32% |
| 2019 | 36,110,917 | 34,095,523 | 2,015,394 | 32.9 | 33% |
| 2020 | 33,638,711 | 30,626,488 | 3,012,223 | 39.1 | 34% |
| 2021 | 36,012,101 | 26,483,796 | 9,528,305 | 49.0 | 34% |
| 2022 | 44,218,975 | 30,699,063 | 13,519,912 | 42.8 | 28% |
| 2023 | 54,788,914 | 31,212,651 | 23,576,263 | 51.1 | 27% |
In its most recent public year (2023), this organization brought in $23,576,263 more than it spent. Its reserves stood at about 51.1 months of spending, up from 25.9 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