Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,199,223 | 1,154,268 | 44,955 | 23.0 | 34% |
| 2012 | 1,266,823 | 1,204,429 | 62,394 | 22.7 | 34% |
| 2013 | 1,288,051 | 1,252,623 | 35,428 | 22.2 | 34% |
| 2014 | 1,401,324 | 1,258,951 | 142,373 | 23.4 | 35% |
| 2015 | 1,490,459 | 1,304,188 | 186,271 | 23.8 | 36% |
| 2016 | 1,625,409 | 1,408,064 | 217,345 | 24.3 | 35% |
| 2017 | 1,797,826 | 1,538,128 | 259,698 | 24.0 | 36% |
| 2018 | 1,954,756 | 1,638,348 | 316,408 | 24.0 | 38% |
| 2019 | 1,975,302 | 1,738,933 | 236,369 | 25.7 | 39% |
| 2020 | 1,888,399 | 1,810,158 | 78,241 | 25.8 | 39% |
| 2021 | 2,101,369 | 1,994,934 | 106,435 | 23.4 | 38% |
| 2022 | 2,625,558 | 2,417,273 | 208,285 | 19.0 | 36% |
| 2023 | 3,281,319 | 3,104,507 | 176,812 | 15.6 | 32% |
In its most recent public year (2023), this organization brought in $176,812 more than it spent. Its reserves stood at about 15.6 months of spending, down from 23 in 2011. Staff pay was 32% 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