Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 435,983 | 464,650 | −28,667 | 21.2 | 36% |
| 2012 | 503,454 | 504,275 | −821 | 19.9 | 24% |
| 2013 | 504,592 | 499,015 | 5,577 | 19.4 | 26% |
| 2014 | 514,389 | 489,636 | 24,753 | 20.2 | 27% |
| 2015 | 501,725 | 541,788 | −40,063 | 17.3 | 25% |
| 2016 | 551,526 | 504,356 | 47,170 | 19.9 | 34% |
| 2017 | 571,272 | 561,475 | 9,797 | 17.6 | 32% |
| 2018 | 582,946 | 581,009 | 1,937 | 16.3 | 36% |
| 2019 | 581,570 | 555,651 | 25,919 | 19.3 | 40% |
| 2020 | 518,883 | 655,496 | −136,613 | 14.4 | 30% |
| 2021 | 479,424 | 537,421 | −57,997 | 14.6 | 37% |
| 2022 | 514,280 | 490,474 | 23,806 | 8.2 | 43% |
| 2023 | 555,271 | 539,734 | 15,537 | 9.3 | 41% |
In its most recent public year (2023), this organization brought in $15,537 more than it spent. Its reserves stood at about 9.3 months of spending, down from 21.2 in 2011. Staff pay was 41% 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