Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 19,609,537 | 15,590,652 | 4,018,885 | 23.3 | 31% |
| 2012 | 21,067,328 | 17,368,538 | 3,698,790 | 23.8 | 32% |
| 2013 | 20,528,396 | 16,282,034 | 4,246,362 | 28.6 | 33% |
| 2014 | 21,699,079 | 17,140,789 | 4,558,290 | 30.3 | 33% |
| 2015 | 24,002,158 | 18,557,408 | 5,444,750 | 31.5 | 33% |
| 2016 | 26,041,793 | 21,099,128 | 4,942,665 | 30.5 | 32% |
| 2017 | 28,451,967 | 21,568,832 | 6,883,135 | 33.7 | 32% |
| 2018 | 32,310,350 | 26,238,385 | 6,071,965 | 30.5 | 32% |
| 2019 | 36,110,010 | 31,576,341 | 4,533,669 | 27.1 | 31% |
| 2020 | 35,104,619 | 32,218,028 | 2,886,591 | 27.6 | 31% |
| 2021 | 38,158,505 | 30,791,181 | 7,367,324 | 31.7 | 33% |
| 2022 | 45,719,796 | 36,422,705 | 9,297,091 | 29.9 | 35% |
| 2023 | 57,257,513 | 48,356,843 | 8,900,670 | 22.9 | 31% |
In its most recent public year (2023), this organization brought in $8,900,670 more than it spent. Its reserves stood at about 22.9 months of spending. 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