NonprofitsSovita Credit Union

Sovita Credit Union

FLINT, MI

Total revenue

$21.3M

Total expenses

$16.7M

Net assets

$73.7M

Grants received

EIN

380546210

Tax year

2024

Mission

To become the primary financial services provider for our members through our continual effort to exemplify courteous, reliable, comprehensive and prompt services that are competitive with the market and correspond to the needs of our members.

Programs

2 programs

Share accounts - $136,681,213

Share and ira certificates - $82,432,129

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$10.1M
Investment income$11.2M
Other revenue$20K
Total revenue$21.3M

Expenses

Grants paid$113K
Salaries & benefits$5.3M
Fundraising
Other expenses$11.3M
Total expenses$16.7M
Total assets$529.4M
Net assets$73.7M

People

11 listed

NameRoleCompensation

PATRICK WHITE

CEO

Board

$495K

40 hrs/wk

DANIEL FONDREN

VICE PRESIDENT OF FINANCE

Board

$176K

40 hrs/wk

PATRICK HAGEDORN

COO/BOARD SECRETARY

Board

$20K

3 hrs/wk

JOSEPH EUFINGER

BOARD TREASURER

Board

1 hrs/wk

ANDRE WEATHERS

BOARD MEMBER

Board

1 hrs/wk

SAM PARASCHOS

BOARD VICE PRESIDENT

Board

1 hrs/wk

PATRICIA R GOOCH

BOARD PRESIDENT

Board

1 hrs/wk

JEFFREY CLOTHIER

BOARD MEMBER

Board

1 hrs/wk

MICHAEL FURST

VICE PRESIDENT OF LENDING

Staff

$169K

40 hrs/wk

JILL KRUYER

VICE PRESIDENT OF MEM SERV

Staff

$168K

40 hrs/wk

JENNIFER SHEW

DIRECTOR OF MARKETING

Staff

$103K

40 hrs/wk

Independent contractors

FISERV

DATA PROCESSING

$1.1M

THE KARMA GROUP

MARKETING AND ADVERTISING

$376K

VISA USA

DEBIT & CREDIT CARD PROCESSING

$310K

FIS GLOBAL (METAVANTE)

ATM & DEBIT CARD PROCESSING

$244K

FIS (CERTEGY)

CREDIT CARD PROCESSING

$238K

Details

EIN380546210
Subsection14
Ruling date1956-10
Formed1934
Employees107
Volunteers7
SOVITA CREDIT UNION — Mission, Financials & Grants Received | Grantivo