Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,980,981 | 2,732,917 | 248,064 | 26.3 | 35% |
| 2012 | 3,133,163 | 2,702,231 | 430,932 | 28.5 | 36% |
| 2013 | 3,268,512 | 2,886,856 | 381,656 | 28.3 | 34% |
| 2014 | 3,341,624 | 3,073,481 | 268,143 | 29.8 | 31% |
| 2015 | 3,977,819 | 3,651,481 | 326,338 | 26.2 | 30% |
| 2016 | 4,179,922 | 5,551,876 | −1,371,954 | 14.2 | 21% |
| 2017 | 4,404,689 | 3,779,991 | 624,698 | 22.9 | 31% |
| 2018 | 4,642,594 | 4,121,349 | 521,245 | 22.5 | 29% |
| 2019 | 4,886,643 | 4,116,156 | 770,487 | 24.8 | 32% |
| 2020 | 4,765,360 | 5,036,673 | −271,313 | 19.6 | 26% |
| 2021 | 4,948,974 | 3,851,956 | 1,097,018 | 29.1 | 37% |
| 2022 | 6,576,697 | 4,347,821 | 2,228,876 | 31.9 | 35% |
| 2023 | 6,251,594 | 4,907,186 | 1,344,408 | 31.4 | 34% |
In its most recent public year (2023), this organization brought in $1,344,408 more than it spent. Its reserves stood at about 31.4 months of spending, up from 26.3 in 2011. Staff pay was 34% 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