Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 4,352,340 | 4,590,716 | −238,376 | 26.3 | 23% |
| 2012 | 4,189,319 | 4,065,999 | 123,320 | 30.4 | 26% |
| 2013 | 4,033,429 | 4,103,615 | −70,186 | 29.0 | 26% |
| 2014 | 4,057,056 | 4,106,579 | −49,523 | 29.3 | 27% |
| 2015 | 4,386,955 | 4,222,976 | 163,979 | 28.9 | 25% |
| 2016 | 4,941,122 | 4,549,093 | 392,029 | 27.8 | 23% |
| 2017 | 5,116,345 | 5,197,948 | −81,603 | 24.2 | 23% |
| 2018 | 5,840,017 | 5,768,452 | 71,565 | 21.9 | 23% |
| 2019 | 6,558,237 | 6,114,575 | 443,662 | 21.7 | 23% |
| 2020 | 6,422,924 | 6,233,159 | 189,765 | 21.8 | 24% |
| 2021 | 6,554,490 | 5,845,336 | 709,154 | 24.6 | 30% |
| 2022 | 7,219,078 | 6,395,474 | 823,604 | 22.9 | 31% |
| 2023 | 8,649,191 | 7,399,927 | 1,249,264 | 23.7 | 30% |
In its most recent public year (2023), this organization brought in $1,249,264 more than it spent. Its reserves stood at about 23.7 months of spending, down from 26.3 in 2011. Staff pay was 30% 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