SOVITA CREDIT UNION: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization: SOVITA CREDIT UNION (EIN 38-0546210)
Tax period: 2019-01-01 to 2019-12-31
Filed: 2020-09-30
IRS object ID: 202032749349300013
Schema version: 2019v5.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule I
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2020-09-30T08:57:32-05:00	ReturnTs
Tax Period End	2019-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	382492570	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	DOEREN MAYHEW	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	305 WEST BIG BEAVER ROAD	AddressLine1Txt
City	TROY	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	48084	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2019-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	380546210	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CREDIT UNIONS CHARTERED IN THE STATE OF	BusinessNameLine1Txt
Business Name Line2	SOVITA CREDIT UNION	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	CRED	BusinessNameControlTxt
Phone	8107208300	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 320830	AddressLine1Txt
City	FLINT	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	48532	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	PATRICK WHITE	PersonNm
Person Title	GENERAL MANAGER/CEO	PersonTitleTxt
Phone	8107208300	PhoneNum
Signature	2020-09-29	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	ROBIN D HOAG CPA	PreparerPersonNm
PTIN	P00360662	PTIN
Phone	2482443000	PhoneNum
Preparation	2020-09-29	PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	104.11.88.150	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2020-09-29	IPDt
IP Tm	21:11:13	IPTm
IP Timezone	ED	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	DA39A3EE5E6B4B0D3255BFEF95601890AFD80709	AtSubmissionCreationDeviceId
At Submission Filing Device Id	B2EFC313AB4EEA4760135470907D022D8B217834	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2019	TaxYr
Build TS	2021-04-22 16:20:28Z	BuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

Field	Value	IRS element (for citing)
Business Name Line1	SOVITA CREDIT UNION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Principal Officer	PATRICK WHITE	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	4411 CALKINS ROAD	AddressLine1Txt
City	FLINT	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	48532	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$14,929,973	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Group Exemption	1359	GroupExemptionNum
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.FASECU.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1934	FormationYr
Legal Domicile State	MI	LegalDomicileStateCd
Activity Or 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.	ActivityOrMissionDesc
Voting Members Governing Body	7	VotingMembersGoverningBodyCnt
Voting Members Independent	6	VotingMembersIndependentCnt
Total Employee	104	TotalEmployeeCnt
Total Volunteers	7	TotalVolunteersCnt
Total Gross UBI	$38,972	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$7,439,541	PYProgramServiceRevenueAmt
CY Program Service Revenue	$7,643,546	CYProgramServiceRevenueAmt
PY Investment Income	$6,043,021	PYInvestmentIncomeAmt
CY Investment Income	$7,120,767	CYInvestmentIncomeAmt
PY Other Revenue	$39,808	PYOtherRevenueAmt
CY Other Revenue	$38,972	CYOtherRevenueAmt
PY Total Revenue	$13,522,370	PYTotalRevenueAmt
CY Total Revenue	$14,803,285	CYTotalRevenueAmt
PY Grants And Similar Paid	$48,095	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$67,139	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$4,371,105	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$4,418,500	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$6,302,325	PYOtherExpensesAmt
CY Other Expenses	$7,096,703	CYOtherExpensesAmt
PY Total Expenses	$10,721,525	PYTotalExpensesAmt
CY Total Expenses	$11,582,342	CYTotalExpensesAmt
PY Revenues Less Expenses	$2,800,845	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$3,220,943	CYRevenuesLessExpensesAmt
Total Assets BOY	$409,248,405	TotalAssetsBOYAmt
Total Assets EOY	$436,080,346	TotalAssetsEOYAmt
Total Liabilities BOY	$348,906,425	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$367,777,270	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$60,341,980	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$68,303,076	NetAssetsOrFundBalancesEOYAmt
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.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Desc	SHARE DRAFTS & MONEY MARKET - $181,238,967	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Desc	SHARE ACCOUNTS - $114,049,543	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Desc	CERTIFICATES OF DEPOSIT - $71,021,822	Desc

Field	Value	IRS element (for citing)
Described In Section501c3	0	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	Yes (1)	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	7323	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	104	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	7	GoverningBodyVotingMembersCnt
Independent Voting Member	6	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (1)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	0	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	PATRICK WHITE	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	8107208300	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	4411 CALKINS RD	AddressLine1Txt
City	FLINT	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	48532	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (11 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd
PATRICK WHITE
CEO & BOARD MEMBER	40.00	Yes (X)	Yes (X)	$242,238	$0	$100,912
PATRICIA R GOOCH
BOARD PRESIDENT	1.00	Yes (X)		$0	$0	$0
SAM PARASCHOS
BOARD VICE PRESIDENT	1.00	Yes (X)		$0	$0	$0
SIDNEY DECOU
BOARD SECRETARY	1.00	Yes (X)		$0	$0	$0
JOHN CLOTHIER
BOARD TREASURER	1.00	Yes (X)		$0	$0	$0
JOSEPH EUFINGER
BOARD MEMBER	1.00	Yes (X)		$0	$0	$0
MICHAEL VANCE
BOARD MEMBER	1.00	Yes (X)		$0	$0	$0
BRYANNA BENOIT
COO	40.00		Yes (X)	$24,625	$0	$2,163
JAMIE TOVAREZ
VICE PRESIDENT OF FINANCE	40.00		Yes (X)	$33,937	$0	$0
DANIEL FONDREN
VICE-PRESIDENT OF MEM SERV	40.00			$111,772	$0	$31,060	Yes (X)
JILL KRUYER
VICE PRESIDENT OF LENDING	40.00			$109,871	$0	$39,275	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$522,443	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$173,410	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	3	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
FISERV
75 REMITTANCE DR STE 1649	CHICAGO	IL	60675	DATA PROCESSING	$568,371
THE KARMA GROUP
118 S ADAMS ST	GREEN BAY	WI	54301	MARKETING AND ADVERTISING	$403,373
VISA USA
PO BOX 742233	LOS ANGELES	CA	90074	DEBIT & CREDIT CARD PROCESSING	$217,734
FIS (CERTEGY)
11601 N ROOSEVELT BLVD	ST PETERSBURG	FL	33716	CREDIT CARD PROCESSING	$181,437
FIS GLOBAL (METAVANTE)
PO BOX 4535	CAROL STREAM	IL	60197	ATM & DEBIT CARD PROCESSING	$175,963

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	6	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
LOAN INCOME	522100	$4,752,786	$4,752,786
FEE INCOME	522100	$2,890,760	$2,890,760

Field	Value	IRS element (for citing)
Total Program Service Revenue	$7,643,546	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$7,073,455	TotalRevenueColumnAmt
Exclusion	$7,073,455	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Other	$174,000	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Other	$126,688	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Other	$47,312	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$47,312	TotalRevenueColumnAmt
Related Or Exempt Func Income	$47,312	RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
RENTAL ACTIVITIES	532000	$16,368	$16,368
NON-MEMBER ATM FEE INCOME	525990	$11,770	$11,770
INSURANCE PRODUCTS	524298	$10,834	$10,834

Field	Value	IRS element (for citing)
Other Revenue Total	$38,972	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$14,803,285	TotalRevenueColumnAmt
Related Or Exempt Func Income	$7,690,858	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$38,972	UnrelatedBusinessRevenueAmt
Exclusion	$7,073,455	ExclusionAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part IX	Yes (X)	InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$64,039	TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$3,100	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$403,875	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$2,981,860	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$252,926	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$513,968	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$265,871	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$17,955	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$59,517	TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$105,000	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$127,578	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$678,597	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$801,308	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$663,361	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$391,190	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$25,237	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$1,891,635	TotalAmt

Payments To Affiliates PaymentsToAffiliatesGrp

Field	Value	IRS element (for citing)
Total	$15,938	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$307,532	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$110,090	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
DEBIT/CREDIT EXPENSES	$663,980
PROVISION FOR LOAN LOSS	$455,902
ATM EXPENSES	$279,114
MISCELLANEOUS EXPENSES	$198,593

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$304,176	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$11,582,342	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$1,312,292	BOYAmt
EOY	$1,453,223	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$13,610,159	BOYAmt
EOY	$23,682,660	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$316,677	BOYAmt
EOY	$799,494	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$106,297,220	BOYAmt
EOY	$102,269,286	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$248,467	BOYAmt
EOY	$228,932	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$10,151,817	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$5,083,295	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$5,040,571	BOYAmt
EOY	$5,068,522	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$260,335,704	BOYAmt
EOY	$276,706,000	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$16,304,329	BOYAmt
EOY	$19,687,666	EOYAmt

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
BOY	$198,252	BOYAmt
EOY	$158,601	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$5,584,734	BOYAmt
EOY	$6,025,962	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$409,248,405	BOYAmt
EOY	$436,080,346	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$1,348,503	BOYAmt
EOY	$1,466,938	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$347,557,922	BOYAmt
EOY	$366,310,332	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$348,906,425	BOYAmt
EOY	$367,777,270	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$60,341,980	BOYAmt
EOY	$68,303,076	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$60,341,980	BOYAmt
EOY	$68,303,076	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$409,248,405	BOYAmt
EOY	$436,080,346	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$3,220,943	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$5,324,976	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	-$584,823	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$937,807	OtherCostOrOtherBasisAmt
Book Value	$937,807	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$7,357,286	OtherCostOrOtherBasisAmt
Depreciation	$3,448,281	DepreciationAmt
Book Value	$3,909,005	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$46,130	OtherCostOrOtherBasisAmt
Depreciation	$11,210	DepreciationAmt
Book Value	$34,920	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,810,594	OtherCostOrOtherBasisAmt
Depreciation	$1,623,804	DepreciationAmt
Book Value	$186,790	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$5,068,522	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDesc	AmtAmt
SHARE DRAFTS	$57,006,841
SHARES	$114,049,543
MONEY MARKET	$124,232,126
SHARE AND IRA CERTIFICATES	$71,021,822

Field	Value	IRS element (for citing)
Total Liability	$366,310,332	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$14,755,973	TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported	$0	RevenueNotReportedAmt
Revenue Subtotal	$14,755,973	RevenueSubtotalAmt
Other Revenues Not Included	$47,312	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$47,312	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$14,803,285	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$11,535,030	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	-$47,312	OtherExpensesIncludedAmt
Expenses Not Reported	-$47,312	ExpensesNotReportedAmt
Expenses Subtotal	$11,582,342	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$11,582,342	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART X, LINE 2:	THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL AND STATE INCOME TAXES ON INCOME RELATED TO THE EXEMPT PURPOSE OF THE CREDIT UNION.
PART XI, LINE 4B - OTHER ADJUSTMENTS:	GAIN ON OREO PROPERTY SALE REPORTED NET OF OTHER NON-OPERATING LOSSES IN TH AUDITED FINANCIAL STATEMENTS BUT AS REVENUE ON FORM 990 47,312.
PART XII, LINE 2D - OTHER ADJUSTMENTS:	GAIN ON OREO PROPERTY SALE REPORTED NET OF OTHER NON-OPERATING LOSSES IN TH AUDITED FINANCIAL STATEMENTS BUT AS REVENUE ON FORM 990 -47,312.

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Recipient Table RecipientTable (4 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Purpose Of GrantPurposeOfGrantTxt
EDUCATION FOUNDATION FLINT COMMUNITY SCHOOLS
PO BOX 13443	FLINT	MI	48501	261289650	501(C)(3)	$12,500	CHARITABLE CONTRIBUTION
LEADER FUND LAPEER COMMUNITY SCHOOLS
250 E SECOND ST	LAPEER	MI	48446	473543286	501(C)(3)	$7,500	CHARITABLE CONTRIBUTION
HURLEY FOUNDATION
ONE HURLEY PLAZA	FLINT	MI	48503	383085047	501(C)(3)	$10,362	CHARITABLE CONTRIBUTION
MCLAREN FOUNDATION
401 BALLENGER HWY	FLINT	MI	48532	382383119	501(C)(3)	$8,000	CHARITABLE CONTRIBUTION

Field	Value	IRS element (for citing)
Total501c3 Org	4	Total501c3OrgCnt
Total Other Org	0	TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 2:	FormAndLineReferenceDesc
Explanation	SOVITA CREDIT UNION IS THE LEAD SPONSOR OF THE EDUCATION FOUNDATION FLINT COMMUNITY SCHOOLS. ADDITIONALLY, A CREDIT UNION EMPLOYEE SITS ON THE FOUNDATION'S COMMITTEE. EACH MONTH, PRINCIPALS OF FLINT COMMUNITY SCHOOLS NOMINATE A TEACHER FROM HIS/HER SCHOOL TO BE RECOGNIZED BY THE FOUNDATION FOR OUTSTANDING PERFORMANCE. THE WINNER IS AWARDED A GIFT CARD AT A CEREMONY PUT ON BY THE FOUNDATION. THEN, ONCE A YEAR, THE FOUNDATION HOLDS A DINNER/AWARDS CEREMONY TO RECOGNIZE THOSE AWARDED THROUGHOUT THE YEAR AND TO PRESENT AWARDS TO OTHER EDUCATORS AND ADMINISTRATORS. CREDIT UNION PERSONNEL ATTEND THIS EVENT AS WELL. THE LEADER FUND FINANCIALLY SUPPORTS ACADEMIC AND ATHLETIC ENDEAVORS WITHIN THE LAPEER COMMUNITY SCHOOLS IN ORDER TO ASSIST STUDENTS AND FACULTY IN THEIR PURSUIT OF EXCELLENCE IS A NON-PROFIT ORGANIZATION. THE CREDIT UNION RECEIVES HIGHLIGHTS REGARDING THE FOUNDATION'S USE OF FUNDS AND FREQUENTLY COMMUNICATES WITH THE FOUNDATION CHAIRMAN ON FOUNDATION ACTIVITIES. THE HURLEY AND MCLAREN FOUNDATIONS SUPPORT THE ACTIVITIES OF THE HOSPITALS BY PROVIDING FUNDING FOR EQUIPMENT AND ITEMS THAT SUPPORT THE HOSPITALS, STAFF, AND PATIENTS. CREDIT UNION PERSONNEL ATTEND EVENTS SPONSORED BY THE FOUNDATIONS AND SIT ON COMMITTEES THAT PLAN FUNDRAISING EVENTS AND ACTIVITIES. HIGHLIGHTS REGARDING THE FOUNDATION'S USE OF FUNDS ARE SHARED WITH THE CREDIT UNION.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Travel For Companions	Yes (X)	TravelForCompanionsInd
Written Policy Ref T And E Expnss	Yes (1)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (1)	SubstantiationRequiredInd
Compensation Committee	Yes (X)	CompensationCommitteeInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	Yes (1)	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

Field	Value	IRS element (for citing)
Person	PATRICK WHITE	PersonNm
Title	CEO & BOARD MEMBER	TitleTxt
Base Compensation Filing Org	$226,776	BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs	$0	CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization	$1,500	BonusFilingOrganizationAmount
Bonus Related Organizations	$0	BonusRelatedOrganizationsAmt
Other Compensation Filing Org	$13,962	OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs	$0	OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org	$85,638	DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs	$0	DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org	$15,274	NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs	$0	NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org	$343,150	TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs	$0	TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org	$0	CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs	$0	CompReportPrior990RltdOrgsAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 4B	FormAndLineReferenceDesc
Explanation	DURING 2019, THE CREDIT UNION CONTRIBUTED $19,715 TO A NON-QUALIFIED 457(F) RETIREMENT PLAN FOR THE CEO, PATRICK WHITE. PATRICK WHITE ALSO PARTICIPATES IN A 457(B) RETIREMENT PLAN. THE CREDIT UNION CONTRIBUTED $1,440 TO THIS PLAN DURING 2019.	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (11 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6	ALL ACCOUNT HOLDERS ARE REFERRED TO AS MEMBERS.
FORM 990, PART VI, SECTION A, LINE 7A	WHEN A BOARD MEMBER'S TERM IS UP, WE HAVE AN ELECTION WHERE OUR MEMBERSHIP VOTES, TO EITHER RE-ELECT A DIRECTOR OR ELECT A NEW DIRECTOR.
FORM 990, PART VI, SECTION A, LINE 7B	MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR.
FORM 990, PART VI, SECTION B, LINE 11B	FORM 990 WILL BE REVIEWED BY TOP MANAGEMENT PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12C	TOP OFFICIALS AND ALL EMPLOYEES ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST.
FORM 990, PART VI, SECTION B, LINE 15	THE CREDIT UNION USES MCUL AND CUNA COMPENSATION SURVEYS TO DETERMINE THE COMPENSATION OF OFFICERS AND TOP MANAGEMENT AND IS APPROVED BY THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART IX, LINE 11G	OUTSIDE SERVICES 127,578.
FORM 990, PART IX, LINE 24E	MAINTENANCE 191,153. TRAINING/DEVELOPMENT/EDUCATION 69,312. LOAN SERVICING 43,711.
FORM 990, PART XI, LINE 9:	NET CHANGE IN UNREALIZED LOSSES ON PENSION PLAN OBLIGATIONS -584,823.
FORM 990, PART XII, LINE 2C:	WE HAVE A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. OUR PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.