Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,336,081 | 1,101,237 | 234,844 | 35.1 | 21% |
| 2012 | 1,342,988 | 1,219,874 | 123,114 | 32.9 | 20% |
| 2013 | 1,154,273 | 1,087,308 | 66,965 | 37.7 | 22% |
| 2014 | 1,232,082 | 1,058,334 | 173,748 | 40.7 | 25% |
| 2015 | 1,241,775 | 1,281,633 | −39,858 | 33.0 | 22% |
| 2016 | 1,318,855 | 995,524 | 323,331 | 46.7 | 31% |
| 2017 | 1,291,741 | 1,234,471 | 57,270 | 37.5 | 27% |
| 2018 | 1,363,698 | 841,591 | 522,107 | 61.5 | 41% |
| 2019 | 1,413,744 | 1,038,323 | 375,421 | 58.4 | 34% |
| 2020 | 1,347,100 | 1,087,626 | 259,474 | 60.7 | 35% |
| 2021 | 1,224,914 | 1,103,464 | 121,450 | 57.8 | 32% |
| 2022 | 1,424,838 | 1,145,514 | 279,324 | 49.0 | 36% |
| 2023 | 1,936,310 | 1,237,635 | 698,675 | 54.3 | 35% |
In its most recent public year (2023), this organization brought in $698,675 more than it spent. Its reserves stood at about 54.3 months of spending, up from 35.1 in 2011. Staff pay was 35% 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