Civic Intelligence

Credit Unions Chartered in the State of Michigan Sovita Credit Union

990 • Fiscal year 2019 • EIN 38-0546210

Jan 01, 2019 to Dec 31, 2019 • Filed on Sep 29, 2020

PO Box 320830Flint, MI 48532

(810) 720-8300

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

12th percentile

0.84x

Higher debt load relative to assets than 12% of similar nonprofits.

2019 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2019

Liabilities / Revenue

98th percentile

24.84x

Higher debt load relative to revenue than 98% of similar nonprofits.

2019 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2019

Net Margin

84th percentile

22%

Higher net margin than 84% of similar nonprofits.

2019 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2019

Top Officer Pay

28th percentile

$343,150

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2019 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2019

Asset Growth

50th percentile

6.6%

Faster asset growth than 50% of similar nonprofits.

2019 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2018 to 2019

Revenue Growth

52nd percentile

9.5%

Faster revenue growth than 52% of similar nonprofits.

2019 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2018 to 2019

Assets

Up

$436,080,346

Up $26,831,941 (+6.6%) from 2018

Net Assets

Up

$68,303,076

Up $7,961,096 (+13%) from 2018

Liabilities

Up

$367,777,270

Up $18,870,845 (+5.4%) from 2018

Revenue

Up

$14,803,285

Up $1,280,915 (+9.5%) from 2018

Expenses

Up

$11,582,342

Up $860,817 (+8.0%) from 2018

Net Income

Up

$3,220,943

Up $420,098 (+15%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600M$400M$200M$0Assets 2010: $321,212,450Liabilities 2010: $274,163,130Net Assets 2010: $47,049,3202010Assets 2011: $327,144,529Liabilities 2011: $278,439,134Net Assets 2011: $48,705,3952011Assets 2012: $336,528,478Liabilities 2012: $287,100,846Net Assets 2012: $49,427,6322012Assets 2013: $363,474,516Liabilities 2013: $311,992,608Net Assets 2013: $51,481,9082013Assets 2014: $368,730,886Liabilities 2014: $315,880,009Net Assets 2014: $52,850,8772014Assets 2015: $381,872,139Liabilities 2015: $326,052,415Net Assets 2015: $55,819,7242015Assets 2016: $395,417,245Liabilities 2016: $337,263,451Net Assets 2016: $58,153,7942016Assets 2017: $404,291,828Liabilities 2017: $345,050,354Net Assets 2017: $59,241,4742017Assets 2018: $409,248,405Liabilities 2018: $348,906,425Net Assets 2018: $60,341,9802018Assets 2019: $436,080,346Liabilities 2019: $367,777,270Net Assets 2019: $68,303,0762019Assets 2020: $504,085,579Liabilities 2020: $429,924,519Net Assets 2020: $74,161,0602020Assets 2021: $540,162,677Liabilities 2021: $469,298,097Net Assets 2021: $70,864,5802021Assets 2022: $520,943,774Liabilities 2022: $468,965,967Net Assets 2022: $51,977,8072022Assets 2023: $508,496,724Liabilities 2023: $444,865,823Net Assets 2023: $63,630,9012023Assets 2024: $529,376,259Liabilities 2024: $455,711,137Net Assets 2024: $73,665,1222024

Highlighted filing

2019

Assets$436,080,346
Liabilities$367,777,270
Net Assets$68,303,076

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0Expenses 2010: $10,334,9112010Expenses 2011: $8,624,4802011Expenses 2012: $8,054,5202012Revenue 2013: $8,714,044Expenses 2013: $7,530,133Net Income 2013: $1,183,9112013Revenue 2014: $9,153,229Expenses 2014: $7,454,514Net Income 2014: $1,698,7152014Revenue 2015: $12,432,859Expenses 2015: $10,065,168Net Income 2015: $2,367,6912015Revenue 2016: $10,699,944Expenses 2016: $8,204,959Net Income 2016: $2,494,9852016Revenue 2017: $11,604,160Expenses 2017: $8,594,277Net Income 2017: $3,009,8832017Revenue 2018: $13,522,370Expenses 2018: $10,721,525Net Income 2018: $2,800,8452018Revenue 2019: $14,803,285Expenses 2019: $11,582,342Net Income 2019: $3,220,9432019Revenue 2020: $12,779,014Expenses 2020: $10,836,202Net Income 2020: $1,942,8122020Revenue 2021: $11,610,983Expenses 2021: $10,103,756Net Income 2021: $1,507,2272021Revenue 2022: $13,885,121Expenses 2022: $10,361,055Net Income 2022: $3,524,0662022Revenue 2023: $18,274,970Expenses 2023: $12,774,373Net Income 2023: $5,500,5972023Revenue 2024: $21,313,191Expenses 2024: $16,718,866Net Income 2024: $4,594,3252024

Highlighted filing

2019

Revenue$14,803,285
Expenses$11,582,342
Net Income$3,220,943
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 29, 2020
Return Version
2019v5.1
Gross Receipts
$14,929,973
Mission and Program Overview

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$260,335,704$276,706,000▲ $16,370,296
Other Notes and Loans Receivable, Net$106,297,220$102,269,286▼ $4,027,934
Rtn Earn Endowment Incm Other Fnds$60,341,980$68,303,076▲ $7,961,096
Savings and Temporary Cash Investments$13,610,159$23,682,660▲ $10,072,501
Investments Other Securities$16,304,329$19,687,666▲ $3,383,337
Land, Buildings, and Equipment, Net$5,040,571$5,068,522▲ $27,951
Cash and Non-Interest-Bearing Accounts$1,312,292$1,453,223▲ $140,931
Accounts Receivable$316,677$799,494▲ $482,817
Prepaid Expenses and Deferred Charges$248,467$228,932▼ $19,535
Intangible Assets$198,252$158,601▼ $39,651
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$409,248,405$436,080,346▲ $26,831,941
Other Assets Total$5,584,734$6,025,962▲ $441,228
Liabilities
Other Liabilities$347,557,922$366,310,332▲ $18,752,410
Accounts Payable and Accrued Expenses$1,348,503$1,466,938▲ $118,435
Total Liabilities$348,906,425$367,777,270▲ $18,870,845
Net Assets / Fund Balance
Total Net Assets Fund Balance$60,341,980$68,303,076▲ $7,961,096
Total Liabilities and Net Assets / Fund Balance$409,248,405$436,080,346▲ $26,831,941

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,909,005$3,448,281$7,357,286
Equipment$186,790$1,623,804$1,810,594
Land$937,807-$937,807
Leasehold Improvements$34,920$11,210$46,130
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Patrick WhiteCEO & Board MemberFT$226,776$116,374$343,150
Jill KruyerVice President of LendingFT$109,871$39,275$149,146
Daniel FondrenVice-president of Mem ServFT$111,772$31,060$142,832
Jamie TovarezVice President of FinanceFT$33,937-$33,937
Bryanna BenoitCOOFT$24,625$2,163$26,788

Board Members and Trustees

NameTitle
Patricia R GoochBoard President
Sam ParaschosBoard Vice President
Joseph EufingerBoard Member
Michael VanceBoard Member
Sidney DecouBoard Secretary
John ClothierBoard Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
FiservData Processing75 REMITTANCE DR STE 1649, Chicago, IL 60675$568,371
The Karma GroupMarketing And Advertising118 S ADAMS ST, Green Bay, WI 54301$403,373
Visa USADebit & Credit Card ProcessingPO BOX 742233, Los Angeles, CA 90074$217,734
Fis (certegy)Credit Card Processing11601 N ROOSEVELT BLVD, St Petersburg, FL 33716$181,437
Fis Global (metavante)Atm & Debit Card ProcessingPO BOX 4535, Carol Stream, IL 60197$175,963
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$7,643,546
Investment Income
$7,120,767
Other Revenue
$38,972
Change in Net Assets
$3,220,943

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,755,973
Revenue Not Reported on Financial Statements
$47,312
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$47,312
Total Revenue per Audited Statements
$14,755,973
Total Revenue per Form 990
$14,803,285
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,096,703
Salaries, Compensation, and Employee Benefits$4,418,500
Grants and Similar Amounts Paid$67,139
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$2,981,860
Interest---$1,891,635
Office Expenses---$801,308
Advertising---$678,597
Information Technology---$663,361
Other Employee Benefits---$513,968
Current Officers, Directors, Trustees, and Key Employees---$403,875
Occupancy---$391,190
Depreciation Depletion---$307,532
All Other Expenses---$304,176
Payroll Taxes---$265,871
Pension Plan Contributions---$252,926
Other Expenses---$198,593
Fees for Services Other---$127,578
Insurance---$110,090
Fees for Service Investment Mgmnt Fees---$105,000
Grants to Domestic Orgs---$64,039
Fees for Services Accounting---$59,517
Travel---$25,237
Fees for Services Legal---$17,955
Payments to Affiliates---$15,938
Grants to Domestic Individuals---$3,100
Total Functional Expenses$0$0$0$11,582,342

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$11,582,342
Total Expenses per Form 990$11,582,342
Total Expenses per Audited Statements$11,535,030
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$-47,312
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Education Foundation Flint Community SchoolsFlint, MI501(c)(3)Charitable Contribution$12,500
Hurley FoundationFlint, MI501(c)(3)Charitable Contribution$10,362
Mclaren FoundationFlint, MI501(c)(3)Charitable Contribution$8,000
Leader Fund Lapeer Community SchoolsLapeer, MI501(c)(3)Charitable Contribution$7,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Money Market$124,232,126
Shares$114,049,543
Share and Ira Certificates$71,021,822
Share Drafts$57,006,841
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

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.

Filing and Contact Details

Filer

Filer Name
Credit Unions Chartered in the State of
EIN
38-0546210
Phone
8107208300
Address
PO BOX 320830, FLINT, MI 48532
Doing Business As
Sovita Credit Union

Signing Officer

Name
Patrick White
Title
General Manager/CEO
Phone
8107208300
Signed
2020-09-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patrick White
Formed
1934
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
6
Employees
104
Volunteers
7

Preparer

Firm
Doeren Mayhew
Address
305 WEST BIG BEAVER ROAD, TROY, MI 48084
Preparer
Robin D Hoag CPA
Phone
2482443000
Supplemental Narrative

Additional Explanations

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.

Financial Statement Notes

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.

Raw XML AppendixShowing 400 of 549 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0TO 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.
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt724625
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt833937
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9111772
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10109871
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO & BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7COO
IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE PRESIDENT OF FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE-PRESIDENT OF MEM SERV
IRS990/Form990PartVIISectionAGrp/TitleTxt10VICE PRESIDENT OF LENDING
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01934
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt047312
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt03100
IRS990/GrantsToDomesticOrgsGrp/TotalAmt064039
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0174000
IRS990/GrossReceiptsAmt014929973
IRS990/GroupExemptionNum01359
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0663361
IRS990/InsuranceGrp/TotalAmt0110090
IRS990/IntangibleAssetsGrp/BOYAmt0198252
IRS990/IntangibleAssetsGrp/EOYAmt0158601
IRS990/InterestGrp/TotalAmt01891635
IRS990/InvestmentIncomeGrp/ExclusionAmt07073455
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt07073455
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt016304329
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt019687666
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0260335704
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0276706000
IRS990/IRPDocumentCnt07323
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05083295
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05040571
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05068522
IRS990/LandBldgEquipCostOrOtherBssAmt010151817
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0126688
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt060341980
IRS990/NetAssetsOrFundBalancesEOYAmt068303076
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt047312
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt047312
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt05324976
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0391190
IRS990/OfficeExpensesGrp/TotalAmt0801308
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05584734
IRS990/OtherAssetsTotalGrp/EOYAmt06025962
IRS990/OtherChangesInNetAssetsAmt0-584823
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0513968
IRS990/OtherExpensesGrp/Desc0DEBIT/CREDIT EXPENSES
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc2ATM EXPENSES
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS EXPENSES
IRS990/OtherExpensesGrp/TotalAmt0663980
IRS990/OtherExpensesGrp/TotalAmt1455902
IRS990/OtherExpensesGrp/TotalAmt2279114
IRS990/OtherExpensesGrp/TotalAmt3198593
IRS990/OtherLiabilitiesGrp/BOYAmt0347557922
IRS990/OtherLiabilitiesGrp/EOYAmt0366310332
IRS990/OtherRevenueMiscGrp/BusinessCd0532000
IRS990/OtherRevenueMiscGrp/BusinessCd1525990
IRS990/OtherRevenueMiscGrp/BusinessCd2524298
IRS990/OtherRevenueMiscGrp/Desc0RENTAL ACTIVITIES
IRS990/OtherRevenueMiscGrp/Desc1NON-MEMBER ATM FEE INCOME
IRS990/OtherRevenueMiscGrp/Desc2INSURANCE PRODUCTS
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt016368
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt111770
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt210834
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt016368
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt111770
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt210834
IRS990/OtherRevenueTotalAmt038972
IRS990/OtherSalariesAndWagesGrp/TotalAmt02981860
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0106297220
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0102269286
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/TotalAmt015938
IRS990/PayrollTaxesGrp/TotalAmt0265871
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0252926
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0248467
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0228932
IRS990/PrincipalOfficerNm0PATRICK WHITE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INCOME
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04752786
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12890760
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04752786
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12890760
IRS990/ProgSrvcAccomActy2Grp/Desc0SHARE ACCOUNTS - $114,049,543
IRS990/ProgSrvcAccomActy3Grp/Desc0CERTIFICATES OF DEPOSIT - $71,021,822
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt048095
IRS990/PYInvestmentIncomeAmt06043021
IRS990/PYOtherExpensesAmt06302325
IRS990/PYOtherRevenueAmt039808
IRS990/PYProgramServiceRevenueAmt07439541
IRS990/PYRevenuesLessExpensesAmt02800845
IRS990/PYSalariesCompEmpBnftPaidAmt04371105
IRS990/PYTotalExpensesAmt010721525
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt013522370
IRS990/ReconcilationRevenueExpnssAmt03220943
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt060341980
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt068303076
IRS990/SavingsAndTempCashInvstGrp/BOYAmt013610159
IRS990/SavingsAndTempCashInvstGrp/EOYAmt023682660
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03909005
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03448281
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07357286
IRS990ScheduleD/EquipmentGrp/BookValueAmt0186790
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01623804
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01810594
IRS990ScheduleD/ExpensesNotReportedAmt0-47312
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt011582342
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0937807
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0937807
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt034920
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt011210
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt046130
IRS990ScheduleD/OtherExpensesIncludedAmt0-47312
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt057006841
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1114049543
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2124232126
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt371021822
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHARE DRAFTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2MONEY MARKET
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3SHARE AND IRA CERTIFICATES
IRS990ScheduleD/OtherRevenuesNotIncludedAmt047312
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt047312
IRS990ScheduleD/RevenueSubtotalAmt014755973
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL AND STATE INCOME TAXES ON INCOME RELATED TO THE EXEMPT PURPOSE OF THE CREDIT UNION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1GAIN ON OREO PROPERTY SALE REPORTED NET OF OTHER NON-OPERATING LOSSES IN TH AUDITED FINANCIAL STATEMENTS BUT AS REVENUE ON FORM 990 47,312.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2GAIN ON OREO PROPERTY SALE REPORTED NET OF OTHER NON-OPERATING LOSSES IN TH AUDITED FINANCIAL STATEMENTS BUT AS REVENUE ON FORM 990 -47,312.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05068522
IRS990ScheduleD/TotalExpensesPerForm990Amt011582342
IRS990ScheduleD/TotalLiabilityAmt0366310332
IRS990ScheduleD/TotalRevenuePerForm990Amt014803285
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt014755973
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt011535030
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt012500
IRS990ScheduleI/RecipientTable/CashGrantAmt17500
IRS990ScheduleI/RecipientTable/CashGrantAmt210362
IRS990ScheduleI/RecipientTable/CashGrantAmt38000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0CHARITABLE CONTRIBUTION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1CHARITABLE CONTRIBUTION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2CHARITABLE CONTRIBUTION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3CHARITABLE CONTRIBUTION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0EDUCATION FOUNDATION FLINT COMMUNITY SCHOOLS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1LEADER FUND LAPEER COMMUNITY SCHOOLS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2HURLEY FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3MCLAREN FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientEIN0261289650
IRS990ScheduleI/RecipientTable/RecipientEIN1473543286
IRS990ScheduleI/RecipientTable/RecipientEIN2383085047
IRS990ScheduleI/RecipientTable/RecipientEIN3382383119
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 13443
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1250 E SECOND ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2ONE HURLEY PLAZA
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3401 BALLENGER HWY

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$529$456$73.7$21.3$16.7$4.59
2023Detailed filing. Detailed filing data is available for this year.$508$445$63.6$18.3$12.8$5.50
2022Detailed filing. Detailed filing data is available for this year.$521$469$52.0$13.9$10.4$3.52
2021Detailed filing. Detailed filing data is available for this year.$540$469$70.9$11.6$10.1$1.51
2020Detailed filing. Detailed filing data is available for this year.$504$430$74.2$12.8$10.8$1.94
2019Detailed filing. Detailed filing data is available for this year.$436$368$68.3$14.8$11.6$3.22
2018Summary only. Only limited summary data is available for this year.$409$349$60.3$13.5$10.7$2.80
2017Detailed filing. Detailed filing data is available for this year.$404$345$59.2$11.6$8.59$3.01
2016Detailed filing. Detailed filing data is available for this year.$395$337$58.2$10.7$8.20$2.49
2015Detailed filing. Detailed filing data is available for this year.$382$326$55.8$12.4$10.1$2.37
2014Detailed filing. Detailed filing data is available for this year.$369$316$52.9$9.15$7.45$1.70
2013Detailed filing. Detailed filing data is available for this year.$363$312$51.5$8.71$7.53$1.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$337$287$49.4$8.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$327$278$48.7$8.62
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$321$274$47.0$10.3