Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,150,072 | 1,935,003 | 215,069 | 359.5 | 24% |
| 2012 | 2,055,127 | 1,845,722 | 209,405 | 396.8 | 25% |
| 2013 | 1,980,879 | 1,978,586 | 2,293 | 401.5 | 25% |
| 2014 | 2,143,763 | 2,281,053 | −137,290 | 362.9 | 28% |
| 2015 | 2,411,205 | 2,089,655 | 321,550 | 423.0 | 31% |
| 2016 | 2,718,130 | 2,094,219 | 623,911 | 432.5 | 31% |
| 2017 | 3,059,164 | 2,038,740 | 1,020,424 | 461.6 | 32% |
| 2018 | 3,516,262 | 2,376,806 | 1,139,456 | 412.0 | 29% |
| 2019 | 3,832,122 | 2,607,487 | 1,224,635 | 390.6 | 29% |
| 2020 | 3,672,295 | 2,877,262 | 795,033 | 439.1 | 32% |
| 2021 | 3,577,886 | 2,826,362 | 751,524 | 507.5 | 34% |
| 2022 | 3,921,015 | 3,022,397 | 898,618 | 482.2 | 36% |
| 2023 | 5,021,107 | 3,883,344 | 1,137,763 | 372.1 | 31% |
In its most recent public year (2023), this organization brought in $1,137,763 more than it spent. Its reserves stood at about 372.1 months of spending, up from 359.5 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