Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 13,494,752 | 9,883,805 | 3,610,947 | 84.5 | 29% |
| 2017 | 25,215,616 | 17,883,788 | 7,331,828 | 51.4 | 30% |
| 2018 | 28,629,978 | 20,557,731 | 8,072,247 | 49.1 | 29% |
| 2019 | 32,588,512 | 24,954,560 | 7,633,952 | 44.9 | 27% |
| 2020 | 34,477,684 | 26,677,512 | 7,800,172 | 46.4 | 28% |
| 2021 | 36,696,292 | 26,124,231 | 10,572,061 | 51.1 | 31% |
| 2022 | 40,430,087 | 27,503,013 | 12,927,074 | 50.0 | 33% |
| 2023 | 47,149,535 | 34,482,401 | 12,667,134 | 43.9 | 27% |
In its most recent public year (2023), this organization brought in $12,667,134 more than it spent. Its reserves stood at about 43.9 months of spending, down from 84.5 in 2016. Staff pay was 27% 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