Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,550,771 | 2,559,978 | −9,207 | 29.1 | 33% |
| 2012 | 2,528,295 | 2,464,730 | 63,565 | 31.0 | 34% |
| 2013 | 2,432,509 | 2,300,890 | 131,619 | 32.2 | 34% |
| 2014 | 2,364,048 | 2,222,643 | 141,405 | 34.6 | 36% |
| 2015 | 2,336,053 | 2,141,623 | 194,430 | 36.8 | 38% |
| 2016 | 2,271,317 | 2,540,848 | −269,531 | 28.1 | 34% |
| 2017 | 2,591,000 | 2,433,067 | 157,933 | 30.5 | 36% |
| 2018 | 2,498,888 | 2,052,569 | 446,319 | 38.4 | 39% |
| 2019 | 2,507,117 | 2,261,249 | 245,868 | 40.0 | 39% |
| 2020 | 2,442,895 | 2,236,038 | 206,857 | 43.9 | 39% |
| 2021 | 2,375,477 | 2,155,648 | 219,829 | 40.9 | 39% |
| 2022 | 2,474,748 | 2,194,711 | 280,037 | 16.1 | 39% |
| 2023 | 2,880,687 | 2,628,706 | 251,981 | 17.0 | 36% |
In its most recent public year (2023), this organization brought in $251,981 more than it spent. Its reserves stood at about 17 months of spending, down from 29.1 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