Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 6,428,409 | 5,966,826 | 461,583 | 221.3 | 24% |
| 2012 | 6,611,071 | 5,653,416 | 957,655 | 244.5 | 27% |
| 2013 | 6,588,440 | 5,918,857 | 669,583 | 241.3 | 28% |
| 2014 | 6,607,940 | 5,933,244 | 674,696 | 243.2 | 29% |
| 2015 | 9,079,671 | 8,308,492 | 771,179 | 220.7 | 29% |
| 2016 | 10,005,343 | 9,316,563 | 688,780 | 224.2 | 27% |
| 2017 | 10,053,754 | 9,419,672 | 634,082 | 216.6 | 29% |
| 2018 | 11,250,548 | 10,010,112 | 1,240,436 | 221.4 | 33% |
| 2019 | 11,496,471 | 9,913,884 | 1,582,587 | 28.3 | 37% |
| 2020 | 11,205,639 | 10,057,422 | 1,148,217 | 29.9 | 37% |
| 2021 | 10,973,048 | 11,489,818 | −516,770 | 23.8 | 35% |
| 2022 | 11,042,659 | 11,480,930 | −438,271 | 13.9 | 37% |
| 2023 | 13,205,868 | 13,580,802 | −374,934 | 12.3 | 31% |
In its most recent public year (2023), this organization spent $374,934 more than it brought in. Its reserves stood at about 12.3 months of spending, down from 221.3 in 2011. Staff pay was 31% 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