Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 8,603,837 | 7,676,671 | 927,166 | 23.0 | 27% |
| 2012 | 8,489,783 | 7,536,719 | 953,064 | 25.1 | 30% |
| 2013 | 8,580,863 | 7,797,069 | 783,794 | 24.4 | 31% |
| 2014 | 8,424,418 | 7,964,100 | 460,318 | 24.6 | 30% |
| 2015 | 8,197,848 | 7,681,929 | 515,919 | 26.2 | 31% |
| 2016 | 8,881,456 | 7,010,505 | 1,870,951 | 31.5 | 35% |
| 2017 | 9,644,809 | 7,531,579 | 2,113,230 | 32.7 | 33% |
| 2018 | 10,352,829 | 8,163,413 | 2,189,416 | 33.4 | 34% |
| 2019 | 10,968,727 | 8,567,971 | 2,400,756 | 36.1 | 36% |
| 2020 | 10,478,759 | 8,356,103 | 2,122,656 | 40.8 | 36% |
| 2021 | 10,761,200 | 8,754,124 | 2,007,076 | 39.7 | 37% |
| 2022 | 11,817,651 | 9,544,273 | 2,273,378 | 29.9 | 35% |
| 2023 | 13,688,606 | 11,044,405 | 2,644,201 | 29.9 | 32% |
In its most recent public year (2023), this organization brought in $2,644,201 more than it spent. Its reserves stood at about 29.9 months of spending, up from 23 in 2011. Staff pay was 32% 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