Midland Municipal Employees Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 605,620 | 542,862 | 62,758 | 325.5 | 19% |
| 2012 | 561,637 | 545,559 | 16,078 | 36.4 | 21% |
| 2013 | 514,138 | 525,724 | −11,586 | 37.6 | 23% |
| 2014 | 460,956 | 460,781 | 175 | 42.9 | 27% |
| 2015 | 467,781 | 413,310 | 54,471 | 49.4 | 18% |
| 2016 | 456,593 | 404,742 | 51,851 | 51.9 | 19% |
| 2017 | 467,316 | 388,695 | 78,621 | 56.5 | 31% |
| 2018 | 523,149 | 433,595 | 89,554 | 53.1 | 31% |
| 2019 | 564,409 | 487,153 | 77,256 | 49.2 | 27% |
| 2020 | 585,231 | 406,065 | 179,166 | 64.3 | 33% |
| 2021 | 518,086 | 439,309 | 78,777 | 61.6 | 31% |
| 2022 | 436,984 | 347,476 | 89,508 | 81.0 | 40% |
| 2023 | 457,807 | 425,549 | 32,258 | 66.8 | 35% |
In its most recent public year (2023), this organization brought in $32,258 more than it spent. Its reserves stood at about 66.8 months of spending, down from 325.5 in 2011. Staff pay was 35% 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
Midland Municipal Employees Credit Union'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