Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 256,299 | 289,617 | −33,318 | 20.8 | 37% |
| 2013 | 262,500 | 292,498 | −29,998 | 19.4 | 41% |
| 2014 | 258,864 | 237,247 | 21,617 | 25.0 | 53% |
| 2016 | 250,211 | 282,242 | −32,031 | 19.9 | 47% |
| 2017 | 252,155 | 268,404 | −16,249 | 20.2 | 52% |
| 2018 | 283,548 | 230,171 | 53,377 | 26.3 | 42% |
| 2019 | 335,147 | 279,665 | 55,482 | 24.0 | 36% |
| 2020 | 313,685 | 272,537 | 41,148 | 26.5 | 41% |
| 2021 | 313,010 | 283,683 | 29,327 | 26.7 | 39% |
| 2022 | 361,941 | 296,030 | 65,911 | 28.2 | 37% |
| 2023 | 531,991 | 312,919 | 219,072 | 35.1 | 35% |
In its most recent public year (2023), this organization brought in $219,072 more than it spent. Its reserves stood at about 35.1 months of spending, up from 20.8 in 2011. Staff pay was 35% 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