Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 8,617,533 | 7,616,692 | 1,000,841 | 19.8 | 24% |
| 2012 | 8,447,188 | 6,484,835 | 1,962,353 | 27.7 | 32% |
| 2013 | 8,309,244 | 6,759,706 | 1,549,538 | 28.3 | 34% |
| 2014 | 8,136,318 | 6,736,878 | 1,399,440 | 31.0 | 41% |
| 2015 | 9,334,498 | 7,961,085 | 1,373,413 | 28.2 | 37% |
| 2016 | 10,064,757 | 9,133,864 | 930,893 | 26.0 | 31% |
| 2017 | 11,758,049 | 10,140,761 | 1,617,288 | 25.3 | 31% |
| 2018 | 12,614,025 | 11,220,366 | 1,393,659 | 24.3 | 31% |
| 2019 | 13,306,773 | 12,537,874 | 768,899 | 22.4 | 29% |
| 2020 | 12,870,443 | 11,839,422 | 1,031,021 | 25.5 | 33% |
| 2021 | 12,991,219 | 11,110,399 | 1,880,820 | 28.1 | 37% |
| 2022 | 14,580,200 | 13,465,711 | 1,114,489 | 19.8 | 38% |
| 2023 | 17,137,740 | 16,064,822 | 1,072,918 | 18.1 | 31% |
In its most recent public year (2023), this organization brought in $1,072,918 more than it spent. Its reserves stood at about 18.1 months of spending, down from 19.8 in 2011. Staff pay was 31% 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