Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 8,357,351 | 7,014,429 | 1,342,922 | 24.9 | 23% |
| 2012 | 7,943,898 | 7,790,381 | 153,517 | 22.6 | 22% |
| 2013 | 8,139,054 | 7,215,812 | 923,242 | 25.7 | 25% |
| 2014 | 8,355,496 | 7,149,003 | 1,206,493 | 28.1 | 26% |
| 2015 | 8,705,756 | 7,350,879 | 1,354,877 | 29.0 | 27% |
| 2016 | 8,917,112 | 7,548,981 | 1,368,131 | 30.5 | 27% |
| 2017 | 9,281,729 | 8,392,693 | 889,036 | 28.9 | 26% |
| 2018 | 10,135,182 | 8,474,603 | 1,660,579 | 30.5 | 28% |
| 2019 | 10,945,988 | 8,931,242 | 2,014,746 | 32.8 | 28% |
| 2020 | 11,578,828 | 9,012,921 | 2,565,907 | 37.0 | 27% |
| 2021 | 12,154,381 | 9,365,878 | 2,788,503 | 36.7 | 30% |
| 2022 | 12,994,180 | 10,341,518 | 2,652,662 | 24.8 | 32% |
| 2023 | 14,931,851 | 13,349,594 | 1,582,257 | 22.1 | 28% |
In its most recent public year (2023), this organization brought in $1,582,257 more than it spent. Its reserves stood at about 22.1 months of spending, down from 24.9 in 2011. Staff pay was 28% 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