Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,351,662 | 1,142,576 | 209,086 | 46.3 | 24% |
| 2012 | 1,326,193 | 1,019,490 | 306,703 | 55.5 | 27% |
| 2013 | 1,361,578 | 1,139,368 | 222,210 | 52.0 | 26% |
| 2014 | 1,426,542 | 1,044,955 | 381,587 | 61.1 | 31% |
| 2015 | 1,514,800 | 958,878 | 555,922 | 73.4 | 32% |
| 2016 | 1,550,505 | 1,054,954 | 495,551 | 72.4 | 30% |
| 2017 | 1,650,129 | 1,032,842 | 617,287 | 81.1 | 35% |
| 2018 | 1,782,308 | 1,154,641 | 627,667 | 79.1 | 28% |
| 2019 | 1,849,398 | 1,293,964 | 555,434 | 75.8 | 25% |
| 2020 | 1,712,214 | 1,207,169 | 505,045 | 86.2 | 29% |
| 2021 | 1,533,746 | 1,162,685 | 371,061 | 93.2 | 30% |
| 2022 | 1,733,184 | 1,258,921 | 474,263 | 89.8 | 29% |
| 2023 | 2,261,922 | 1,694,667 | 567,255 | 71.1 | 21% |
In its most recent public year (2023), this organization brought in $567,255 more than it spent. Its reserves stood at about 71.1 months of spending, up from 46.3 in 2011. Staff pay was 21% 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
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