Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 17,533,796 | 13,914,368 | 3,619,428 | 19.0 | 29% |
| 2012 | 19,164,608 | 13,393,127 | 5,771,481 | 24.9 | 33% |
| 2013 | 20,530,419 | 15,404,429 | 5,125,990 | 25.6 | 32% |
| 2014 | 21,982,263 | 16,934,980 | 5,047,283 | 26.9 | 33% |
| 2015 | 27,104,698 | 20,464,908 | 6,639,790 | 26.1 | 32% |
| 2016 | 31,008,925 | 23,766,674 | 7,242,251 | 26.1 | 33% |
| 2017 | 37,465,759 | 29,138,464 | 8,327,295 | 24.7 | 32% |
| 2018 | 45,888,918 | 40,054,497 | 5,834,421 | 19.8 | 30% |
| 2019 | 52,523,544 | 47,862,896 | 4,660,648 | 17.3 | 32% |
| 2020 | 62,431,166 | 48,862,017 | 13,569,149 | 20.3 | 35% |
| 2021 | 67,769,311 | 49,555,113 | 18,214,198 | 24.6 | 40% |
| 2022 | 70,580,613 | 56,921,620 | 13,658,993 | 24.3 | 43% |
| 2023 | 86,447,275 | 78,645,946 | 7,801,329 | 18.3 | 33% |
In its most recent public year (2023), this organization brought in $7,801,329 more than it spent. Its reserves stood at about 18.3 months of spending. Staff pay was 33% 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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works