Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 50,017,832 | 44,343,578 | 5,674,254 | 33.8 | 17% |
| 2012 | 50,129,666 | 35,335,335 | 14,794,331 | 47.5 | 25% |
| 2013 | 57,481,828 | 42,774,379 | 14,707,449 | 43.3 | 26% |
| 2014 | 69,103,677 | 56,088,998 | 13,014,679 | 35.8 | 23% |
| 2015 | 68,673,747 | 51,943,429 | 16,730,318 | 42.4 | 28% |
| 2016 | 75,254,277 | 53,187,529 | 22,066,748 | 46.4 | 1% |
| 2017 | 84,545,814 | 63,365,116 | 21,180,698 | 43.8 | 28% |
| 2018 | 97,964,975 | 67,231,476 | 30,733,499 | 46.1 | 28% |
| 2023 | 159,278,248 | 139,729,726 | 19,548,522 | 37.0 | 22% |
In its most recent public year (2023), this organization brought in $19,548,522 more than it spent. Its reserves stood at about 37 months of spending, up from 33.8 in 2011. Staff pay was 22% 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