Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 4,352,214 | 4,258,308 | 93,906 | 24.5 | 25% |
| 2012 | 4,293,146 | 3,938,847 | 354,299 | 27.6 | 29% |
| 2013 | 4,185,027 | 3,994,654 | 190,373 | 27.7 | 31% |
| 2014 | 4,576,700 | 4,170,370 | 406,330 | 27.8 | 31% |
| 2015 | 4,622,589 | 4,465,669 | 156,920 | 26.5 | 30% |
| 2016 | 4,621,624 | 4,570,816 | 50,808 | 25.4 | 29% |
| 2017 | 4,725,455 | 4,546,285 | 179,170 | 25.6 | 31% |
| 2018 | 5,140,228 | 4,554,540 | 585,688 | 26.0 | 33% |
| 2019 | 5,308,751 | 4,852,109 | 456,642 | 28.2 | 29% |
| 2020 | 4,780,009 | 4,574,039 | 205,970 | 32.2 | 33% |
| 2021 | 4,672,595 | 4,540,906 | 131,689 | 29.5 | 32% |
| 2022 | 5,040,649 | 4,766,787 | 273,862 | 15.4 | 32% |
| 2023 | 5,505,754 | 5,145,723 | 360,031 | 19.2 | 30% |
In its most recent public year (2023), this organization brought in $360,031 more than it spent. Its reserves stood at about 19.2 months of spending, down from 24.5 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