Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,656,562 | 3,369,693 | 286,869 | 15.7 | 25% |
| 2012 | 3,433,620 | 3,598,933 | −165,313 | 14.1 | 23% |
| 2013 | 2,927,617 | 3,780,915 | −853,298 | 10.7 | 21% |
| 2014 | 2,780,364 | 2,290,804 | 489,560 | 20.2 | 28% |
| 2015 | 2,787,456 | 2,265,892 | 521,564 | 23.3 | 32% |
| 2016 | 2,981,461 | 2,561,687 | 419,774 | 22.6 | 34% |
| 2017 | 3,098,900 | 2,765,619 | 333,281 | 22.3 | 32% |
| 2018 | 3,403,653 | 2,926,908 | 476,745 | 22.9 | 30% |
| 2019 | 3,870,314 | 3,343,782 | 526,532 | 22.1 | 30% |
| 2020 | 4,119,044 | 3,384,632 | 734,412 | 24.5 | 28% |
| 2021 | 4,559,085 | 3,377,533 | 1,181,552 | 28.5 | 31% |
| 2022 | 5,798,313 | 4,096,648 | 1,701,665 | 28.1 | 37% |
| 2023 | 6,169,455 | 5,367,810 | 801,645 | 23.5 | 27% |
In its most recent public year (2023), this organization brought in $801,645 more than it spent. Its reserves stood at about 23.5 months of spending, up from 15.7 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