Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,241,758 | 1,042,677 | 199,081 | 32.0 | 28% |
| 2012 | 1,269,947 | 1,062,722 | 207,225 | 33.6 | 30% |
| 2013 | 1,211,176 | 1,039,596 | 171,580 | 36.0 | 30% |
| 2014 | 1,171,897 | 1,055,066 | 116,831 | 36.6 | 27% |
| 2015 | 1,219,660 | 1,139,928 | 79,732 | 34.9 | 27% |
| 2016 | 1,305,473 | 1,223,397 | 82,076 | 32.9 | 26% |
| 2017 | 1,409,544 | 1,383,193 | 26,351 | 29.4 | 22% |
| 2018 | 1,485,590 | 1,375,981 | 109,609 | 29.5 | 24% |
| 2019 | 1,530,202 | 1,435,962 | 94,240 | 30.9 | 25% |
| 2020 | 1,408,913 | 1,333,451 | 75,462 | 34.5 | 28% |
| 2021 | 1,377,061 | 1,369,209 | 7,852 | 29.7 | 30% |
| 2022 | 1,424,449 | 1,267,614 | 156,835 | 18.3 | 32% |
In its most recent public year (2022), this organization brought in $156,835 more than it spent. Its reserves stood at about 18.3 months of spending, down from 32 in 2011. Staff pay was 32% 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 2022. 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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