Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,915,944 | 2,822,952 | 92,992 | 18.3 | 31% |
| 2012 | 2,815,472 | 2,681,933 | 133,539 | 21.6 | 33% |
| 2013 | 2,672,705 | 2,599,784 | 72,921 | 20.4 | 36% |
| 2014 | 2,585,195 | 2,555,405 | 29,790 | 21.2 | 37% |
| 2015 | 2,770,690 | 2,645,468 | 125,222 | 20.2 | 36% |
| 2016 | 2,985,759 | 2,781,376 | 204,383 | 20.7 | 33% |
| 2017 | 3,118,645 | 2,670,210 | 448,435 | 23.4 | 38% |
| 2018 | 3,605,332 | 2,633,358 | 971,974 | 27.0 | 36% |
| 2019 | 3,927,374 | 2,887,066 | 1,040,308 | 30.9 | 36% |
| 2020 | 3,883,019 | 2,881,889 | 1,001,130 | 35.7 | 39% |
| 2021 | 4,019,004 | 2,917,659 | 1,101,345 | 37.6 | 41% |
| 2022 | 4,439,149 | 3,233,987 | 1,205,162 | 25.8 | 41% |
| 2023 | 5,537,345 | 3,755,114 | 1,782,231 | 30.7 | 39% |
In its most recent public year (2023), this organization brought in $1,782,231 more than it spent. Its reserves stood at about 30.7 months of spending, up from 18.3 in 2011. Staff pay was 39% 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