Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,963,286 | 2,000,127 | −36,841 | 231.9 | 24% |
| 2012 | 1,814,250 | 2,173,294 | −359,044 | 217.2 | 22% |
| 2013 | 1,678,392 | 1,534,881 | 143,511 | 317.3 | 31% |
| 2014 | 1,673,164 | 1,613,497 | 59,667 | 318.0 | 32% |
| 2015 | 1,765,388 | 1,458,262 | 307,126 | 363.2 | 32% |
| 2016 | 1,762,429 | 1,683,053 | 79,376 | 313.1 | 28% |
| 2018 | 1,999,386 | 1,763,556 | 235,830 | 303.7 | 29% |
| 2019 | 2,131,275 | 1,908,751 | 222,524 | 278.5 | 30% |
| 2020 | 2,041,068 | 1,823,113 | 217,955 | 336.5 | 31% |
| 2021 | 1,913,253 | 1,926,306 | −13,053 | 340.2 | 30% |
| 2022 | 2,006,778 | 2,082,546 | −75,768 | 309.4 | 29% |
| 2023 | 2,216,296 | 2,017,938 | 198,358 | 297.4 | 31% |
In its most recent public year (2023), this organization brought in $198,358 more than it spent. Its reserves stood at about 297.4 months of spending, up from 231.9 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