Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 14,191,533 | 12,259,414 | 1,932,119 | 15.9 | 27% |
| 2012 | 14,488,598 | 10,790,190 | 3,698,408 | 22.6 | 33% |
| 2013 | 21,590,782 | 14,867,334 | 6,723,448 | 27.0 | 36% |
| 2014 | 17,586,195 | 13,473,295 | 4,112,900 | 34.8 | 39% |
| 2015 | 18,485,956 | 13,180,967 | 5,304,989 | 40.2 | 38% |
| 2016 | 19,027,343 | 13,981,114 | 5,046,229 | 40.3 | 34% |
| 2017 | 19,610,328 | 14,220,041 | 5,390,287 | 44.4 | 34% |
| 2018 | 19,374,879 | 14,826,207 | 4,548,672 | 44.5 | 35% |
| 2019 | 21,017,827 | 16,795,947 | 4,221,880 | 46.6 | 35% |
| 2020 | 23,532,245 | 20,270,781 | 3,261,464 | 43.0 | 35% |
| 2021 | 23,449,022 | 21,223,319 | 2,225,703 | 39.0 | 37% |
| 2022 | 23,179,127 | 21,627,756 | 1,551,371 | 25.7 | 40% |
| 2023 | 30,608,113 | 30,066,146 | 541,967 | 20.6 | 35% |
In its most recent public year (2023), this organization brought in $541,967 more than it spent. Its reserves stood at about 20.6 months of spending, up from 15.9 in 2011. Staff pay was 35% 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