Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 4,542,806 | 4,224,054 | 318,752 | 21.9 | 31% |
| 2012 | 4,601,382 | 4,226,391 | 374,991 | 23.0 | 34% |
| 2013 | 4,754,195 | 4,252,727 | 501,468 | 24.0 | 35% |
| 2014 | 5,015,943 | 4,541,698 | 474,245 | 23.7 | 35% |
| 2015 | 5,370,484 | 4,808,422 | 562,062 | 23.8 | 36% |
| 2016 | 5,835,351 | 5,176,131 | 659,220 | 23.7 | 35% |
| 2017 | 5,977,544 | 5,180,433 | 797,111 | 25.1 | 35% |
| 2018 | 6,259,118 | 5,274,894 | 984,224 | 26.4 | 35% |
| 2019 | 6,593,606 | 5,729,997 | 863,609 | 27.5 | 33% |
| 2020 | 6,826,715 | 5,892,934 | 933,781 | 29.9 | 33% |
| 2021 | 7,174,758 | 5,501,013 | 1,673,745 | 33.4 | 39% |
| 2022 | 7,954,227 | 6,339,928 | 1,614,299 | 26.1 | 35% |
| 2023 | 9,748,236 | 9,406,867 | 341,369 | 19.0 | 26% |
In its most recent public year (2023), this organization brought in $341,369 more than it spent. Its reserves stood at about 19 months of spending, down from 21.9 in 2011. Staff pay was 26% 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