Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 5,205,626 | 4,673,589 | 532,037 | 22.9 | 26% |
| 2012 | 5,491,729 | 4,298,911 | 1,192,818 | 28.2 | 29% |
| 2014 | 8,651,641 | 7,299,923 | 1,351,718 | 31.2 | 36% |
| 2015 | 9,314,896 | 7,556,372 | 1,758,524 | 32.9 | 37% |
| 2016 | 9,637,218 | 7,701,556 | 1,935,662 | 34.7 | 33% |
| 2017 | 10,201,615 | 8,866,385 | 1,335,230 | 32.1 | 31% |
| 2018 | 11,044,848 | 9,018,605 | 2,026,243 | 33.8 | 33% |
| 2019 | 11,868,278 | 9,595,139 | 2,273,139 | 35.8 | 33% |
| 2020 | 11,490,837 | 10,278,993 | 1,211,844 | 35.9 | 34% |
| 2021 | 12,104,204 | 9,832,169 | 2,272,035 | 38.1 | 37% |
| 2022 | 13,405,718 | 10,625,196 | 2,780,522 | 27.7 | 37% |
| 2023 | 15,755,243 | 12,971,096 | 2,784,147 | 27.8 | 33% |
In its most recent public year (2023), this organization brought in $2,784,147 more than it spent. Its reserves stood at about 27.8 months of spending, up from 22.9 in 2011. 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
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