Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,253,925 | 1,975,227 | 278,698 | 52.6 | 27% |
| 2012 | 2,411,041 | 1,942,843 | 468,198 | 56.0 | 28% |
| 2013 | 1,903,343 | 1,657,955 | 245,388 | 60.0 | 30% |
| 2014 | 1,691,878 | 1,590,097 | 101,781 | 69.4 | 32% |
| 2015 | 1,668,383 | 1,630,514 | 37,869 | 64.7 | 29% |
| 2016 | 1,502,575 | 1,669,670 | −167,095 | 60.9 | 29% |
| 2017 | 1,639,632 | 1,715,478 | −75,846 | 59.7 | 26% |
| 2018 | 1,887,371 | 1,724,424 | 162,947 | 56.3 | 27% |
| 2019 | 1,828,134 | 1,729,215 | 98,919 | 64.1 | 26% |
| 2020 | 1,792,571 | 1,728,472 | 64,099 | 67.1 | 26% |
| 2021 | 1,731,708 | 1,625,683 | 106,025 | 63.6 | 26% |
| 2022 | 2,035,321 | 1,580,113 | 455,208 | 22.1 | 24% |
| 2023 | 2,305,109 | 1,700,109 | 605,000 | 32.3 | 26% |
In its most recent public year (2023), this organization brought in $605,000 more than it spent. Its reserves stood at about 32.3 months of spending, down from 52.6 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