Overview
What is Credit Unions Chartered In The State Of Sovita Credit Union?
Sovita Credit Union, a Michigan-based credit union with the Doing Business As name "Sovita Credit Union," is dedicated to becoming the primary financial services provider for its members. With a mission to provide courteous, reliable, comprehensive, and prompt services that cater to the needs of its members and are competitive in the market, Sovita Credit Union boasts a commendable activity or mission. The credit union, which employs 108 individuals, offers various financial services, including share drafts and money market accounts, totaling $244,675,013. Their headquarters can be found at PO Box 320830, Flint, MI, 48532.
Official website here: www.sovitacu.org
Is Credit Unions Chartered In The State Of Sovita Credit Union legitimate?
Credit Unions Chartered In The State Of Sovita Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Credit Unions Chartered In The State Of Sovita Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $593,521
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,091,647
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Official website here: www.sovitacu.org
What is the mission statement of Credit Unions Chartered In The State Of Sovita Credit Union?
Credit Union Sovita strives to be the primary financial services provider for its members by consistently delivering courteous, reliable, comprehensive, and prompt services that are competitive within the market. They aim to cater to the specific needs of their members, fostering a strong relationship built on trust and effectiveness. The credit union's mission is focused on providing a wide range of financial services, ensuring their offerings remain in line with the evolving requirements of their clientele. Through their dedication to excellence, they aim to maintain a competitive edge and exceed member expectations.
Official website here: www.sovitacu.org
Who is the CEO of Credit Unions Chartered In The State Of Sovita Credit Union?
Patrick White is the Ceo & Board Member of Credit Unions Chartered In The State Of Sovita Credit Union. The CEO's salary of Credit Unions Chartered In The State Of Sovita Credit Union is $308,303 and their total compensation is $345,365.
Official website here: www.sovitacu.org
What is the revenue of Credit Unions Chartered In The State Of Sovita Credit Union?
Credit Unions Chartered In The State Of Sovita Credit Union's revenue in 2022 was $13,885,121.
Official website here: www.sovitacu.org
Who are the executives of Credit Unions Chartered In The State Of Sovita Credit Union and what are their salaries?
The average compensation at Credit Unions Chartered In The State Of Sovita Credit Union during 2022 was $34,122. There are 108 employees and 7 volunteers at Credit Unions Chartered In The State Of Sovita Credit Union.
Here are 10 key members and their salaries (Credit Unions Chartered In The State Of Sovita Credit Union's CEO's salary is $308,303 and their total compensation is $345,365):
- Compensation: $308,303
- Related: $0
- Other: $37,062
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $30,361
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $160,497
- Related: $0
- Other: $57,298
- Compensation: $154,570
- Related: $0
- Other: $84,112
- Compensation: $156,822
- Related: $0
- Other: $6,752
Official website here: www.sovitacu.org
Where can I find the form 990 for Credit Unions Chartered In The State Of Sovita Credit Union?
Credit Unions Chartered In The State Of Sovita Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sovitacu.org
Learn more at the official website: www.sovitacu.org
Mission Statement of Credit Unions Chartered In The State Of Sovita Credit Union
Sovita Credit Union, a mission-driven financial institution, strives to become the primary financial services provider for its members. The credit union demonstrates this commitment through its continuous efforts to offer courteous, reliable, comprehensive, and prompt services that not only meet but exceed market standards. By doing so, Sovita Credit Union effectively caters to the evolving needs of its members.
Specific services offered by Sovita Credit Union include share drafts and money market accounts, totaling an impressive $244,675,013. This financial infrastructure allows members to manage their finances efficiently and effectively, further reinforcing Sovita Credit Union's role as a reliable partner in financial services. The organization's dedication to its members' financial well-being is reflected in its unwavering pursuit of best-in-class financial solutions.
In essence, Sovita Credit Union stands as a pillar of support for its members, providing them with the financial tools and resources necessary to thrive in their financial lives. Through its commitment to courteous, reliable, comprehensive, and prompt services, Sovita Credit Union distinguishes itself as a trusted financial services provider that caters to the unique needs of its diverse membership base.
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Impact
October, 2024
Credit Unions Chartered In The State Of Sovita Credit Union serves as a vital financial institution in Flint, MI, with a commitment to being the primary provider of financial services for its members. By offering a range of competitive products, including share drafts and money market accounts, it has amassed significant assets totaling $244,675,013.
The organization focuses on delivering courteous and reliable service, ensuring that it meets the diverse needs of its members promptly and effectively. This dedication to member satisfaction contributes to financial literacy, community development, and economic empowerment for individuals and families in the region. By prioritizing the needs of its members, Sovita Credit Union fosters a sense of community and support, ultimately enhancing the quality of life for those it serves. Through its community-oriented approach, the credit union plays an essential role in promoting financial stability and resilience within Flint and its surrounding areas.
This information is meant to be a general summary of Credit Unions Chartered In The State Of Sovita Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $6,425,680
- Program Service Revenue: $7,419,632
- Gross Receipts: $13,885,121
Assets and Liabilities:
- Total Assets: $520,943,774
- Total Liabilities: $468,965,967
- Net Assets: $51,977,807
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INCOME
Revenue
$4,418,107
FEE INCOME
Revenue
$3,001,525
Organization Details
Founding Year
1934
Phone
(810) 720-8300Principal Officer
Patrick White
Main Address
PO BOX 320830, FLINT, MI, 48532
Website
www.sovitacu.orgNTEE Category
Code: W60 - Public benefit
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