Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,173,394 | 3,079,614 | 93,780 | 21.2 | 21% |
| 2012 | 3,045,305 | 2,586,107 | 459,198 | 27.8 | 26% |
| 2013 | 2,827,498 | 2,653,737 | 173,761 | 26.5 | 27% |
| 2014 | 2,899,467 | 2,816,412 | 83,055 | 25.9 | 30% |
| 2015 | 3,180,491 | 3,082,286 | 98,205 | 23.9 | 31% |
| 2016 | 3,880,374 | 3,626,755 | 253,619 | 21.2 | 30% |
| 2017 | 4,570,210 | 4,227,699 | 342,511 | 19.2 | 31% |
| 2018 | 5,187,194 | 5,403,050 | −215,856 | 14.5 | 28% |
| 2019 | 5,443,624 | 5,091,944 | 351,680 | 16.4 | 33% |
| 2020 | 5,095,617 | 4,730,086 | 365,531 | 18.9 | 41% |
| 2021 | 5,155,144 | 4,490,017 | 665,127 | 20.8 | 41% |
| 2022 | 5,162,845 | 4,755,278 | 407,567 | 16.7 | 39% |
| 2023 | 6,376,544 | 5,579,569 | 796,975 | 17.8 | 36% |
In its most recent public year (2023), this organization brought in $796,975 more than it spent. Its reserves stood at about 17.8 months of spending, down from 21.2 in 2011. Staff pay was 36% 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