Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 582,207 | 635,178 | −52,971 | 24.2 | 30% |
| 2012 | 534,133 | 620,297 | −86,164 | 23.1 | 29% |
| 2014 | 608,268 | 504,576 | 103,692 | 28.4 | 31% |
| 2015 | 499,849 | 442,478 | 57,371 | 33.8 | 34% |
| 2016 | 523,559 | 444,530 | 79,029 | 35.9 | 35% |
| 2017 | 539,726 | 483,862 | 55,864 | 34.3 | 33% |
| 2018 | 629,065 | 571,014 | 58,051 | 30.3 | 31% |
| 2019 | 727,109 | 585,269 | 141,840 | 32.6 | 29% |
| 2020 | 614,339 | 565,937 | 48,402 | 34.7 | 31% |
| 2021 | 500,759 | 551,826 | −51,067 | 33.7 | 32% |
| 2022 | 564,009 | 538,205 | 25,804 | 27.4 | 30% |
| 2023 | 844,347 | 654,973 | 189,374 | 29.6 | 23% |
In its most recent public year (2023), this organization brought in $189,374 more than it spent. Its reserves stood at about 29.6 months of spending, up from 24.2 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
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