Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 4,582,311 | 3,739,048 | 843,263 | 38.6 | 19% |
| 2012 | 4,663,340 | 3,776,006 | 887,334 | 41.6 | 19% |
| 2013 | 4,283,843 | 3,295,031 | 988,812 | 39.5 | 23% |
| 2014 | 4,048,120 | 3,293,090 | 755,030 | 48.2 | 24% |
| 2015 | 4,328,123 | 3,414,130 | 913,993 | 50.5 | 25% |
| 2016 | 4,481,639 | 3,641,350 | 840,289 | 50.3 | 24% |
| 2017 | 4,911,412 | 3,900,331 | 1,011,081 | 50.6 | 23% |
| 2018 | 5,444,704 | 4,314,736 | 1,129,968 | 47.7 | 22% |
| 2019 | 6,034,792 | 4,828,298 | 1,206,494 | 48.9 | 22% |
| 2020 | 6,225,169 | 4,764,422 | 1,460,747 | 55.3 | 24% |
| 2021 | 6,778,543 | 4,561,553 | 2,216,990 | 59.9 | 27% |
| 2022 | 7,809,519 | 5,147,655 | 2,661,864 | 40.3 | 30% |
| 2023 | 10,019,493 | 8,228,592 | 1,790,901 | 28.4 | 24% |
In its most recent public year (2023), this organization brought in $1,790,901 more than it spent. Its reserves stood at about 28.4 months of spending, down from 38.6 in 2011. Staff pay was 24% 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