Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,915,266 | 1,632,478 | 282,788 | 20.6 | 22% |
| 2012 | 1,792,053 | 1,437,503 | 354,550 | 26.1 | 29% |
| 2013 | 1,677,560 | 1,455,148 | 222,412 | 27.1 | 28% |
| 2014 | 1,666,939 | 1,484,727 | 182,212 | 28.0 | 28% |
| 2015 | 1,663,685 | 1,493,396 | 170,289 | 29.2 | 27% |
| 2016 | 1,644,596 | 1,338,685 | 305,911 | 35.3 | 33% |
| 2017 | 1,857,836 | 1,497,509 | 360,327 | 34.8 | 36% |
| 2018 | 4,159,980 | 3,091,641 | 1,068,339 | 26.8 | 36% |
| 2019 | 3,591,350 | 3,041,806 | 549,544 | 30.5 | 37% |
| 2020 | 3,652,692 | 3,157,164 | 495,528 | 32.4 | 38% |
| 2021 | 3,868,845 | 3,339,975 | 528,870 | 29.7 | 37% |
| 2022 | 4,649,637 | 3,858,717 | 790,920 | 19.5 | 41% |
| 2023 | 5,197,802 | 5,776,762 | −578,960 | 13.2 | 23% |
In its most recent public year (2023), this organization spent $578,960 more than it brought in. Its reserves stood at about 13.2 months of spending, down from 20.6 in 2011. Staff pay was 23% 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