Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 983,551 | 925,003 | 58,548 | 45.1 | 28% |
| 2012 | 892,380 | 820,874 | 71,506 | 51.9 | 29% |
| 2013 | 815,227 | 761,303 | 53,924 | 56.8 | 29% |
| 2014 | 814,277 | 741,247 | 73,030 | 59.5 | 32% |
| 2015 | 836,074 | 719,859 | 116,215 | 63.2 | 36% |
| 2016 | 863,436 | 695,266 | 168,170 | 68.4 | 31% |
| 2017 | 946,824 | 647,808 | 299,016 | 78.9 | 25% |
| 2018 | 1,113,210 | 764,924 | 348,286 | 72.3 | 24% |
| 2019 | 1,174,115 | 779,891 | 394,224 | 77.0 | 25% |
| 2020 | 1,047,711 | 753,437 | 294,274 | 84.4 | 29% |
| 2021 | 989,604 | 743,594 | 246,010 | 89.4 | 29% |
| 2022 | 1,042,987 | 722,154 | 320,833 | 97.3 | 29% |
| 2023 | 1,433,030 | 1,072,046 | 360,984 | 69.6 | 23% |
In its most recent public year (2023), this organization brought in $360,984 more than it spent. Its reserves stood at about 69.6 months of spending, up from 45.1 in 2011. Staff pay was 23% 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