Civic Intelligence

Credit Unions Chartered in the State of Michigan Sovita Credit Union

990 • Fiscal year 2021 • EIN 38-0546210

Jan 01, 2021 to Dec 31, 2021 • Filed on Sep 27, 2022

Organization ProfileSOVITACU.ORG

View Organization Page

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

15th percentile

0.87x

Higher debt load relative to assets than 15% of similar nonprofits.

2021 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2021

Liabilities / Revenue

99th percentile

40.42x

Higher debt load relative to revenue than 99% of similar nonprofits.

2021 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2021

Net Margin

29th percentile

13%

Higher net margin than 29% of similar nonprofits.

2021 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$410,770

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

2021 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2021

Asset Growth

18th percentile

7.2%

Faster asset growth than 18% of similar nonprofits.

2021 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2020 to 2021

Revenue Growth

4th percentile

-9.1%

Faster revenue growth than 4% of similar nonprofits.

2021 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$540,162,677

Up $36,077,098 (+7.2%) from 2020

Net Assets

Down

$70,864,580

Down $3,296,480 (-4.4%) from 2020

Liabilities

Up

$469,298,097

Up $39,373,578 (+9.2%) from 2020

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin29th percentile

Revenue

Down

$11,610,983

Down $1,168,031 (-9.1%) from 2020

Expenses

Down

$10,103,756

Down $732,446 (-6.8%) from 2020

Net Income

Down

$1,507,227

Down $435,585 (-22%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

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

2021

Assets$540,162,677
Liabilities$469,298,097
Net Assets$70,864,580
Open 2021 Filing

Operations Trend

Revenue Growth4th percentile

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

2021

Revenue$11,610,983
Expenses$10,103,756
Net Income$1,507,227
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Sep 27, 2022
Return Version
2021v4.2
Gross Receipts
$11,610,983
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$290,634,915$314,122,227▲ $23,487,312
Other Notes and Loans Receivable, Net$96,335,592$104,650,532▲ $8,314,940
Savings and Temporary Cash Investments$82,102,445$75,612,452▼ $6,489,993
Rtn Earn Endowment Incm Other Fnds$74,161,060$70,864,580▼ $3,296,480
Investments Other Securities$21,282,676$29,798,331▲ $8,515,655
Land, Buildings, and Equipment, Net$4,812,916$4,714,993▼ $97,923
Cash and Non-Interest-Bearing Accounts$1,442,528$1,339,183▼ $103,345
Accounts Receivable$617,876$960,005▲ $342,129
Prepaid Expenses and Deferred Charges$209,003$286,546▲ $77,543
Intangible Assets$118,951$79,300▼ $39,651
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$504,085,579$540,162,677▲ $36,077,098
Other Assets Total$6,528,677$8,599,108▲ $2,070,431
Liabilities
Other Liabilities$428,574,789$467,959,983▲ $39,385,194
Accounts Payable and Accrued Expenses$1,349,730$1,338,114▼ $11,616
Total Liabilities$429,924,519$469,298,097▲ $39,373,578
Net Assets / Fund Balance
Total Net Assets Fund Balance$74,161,060$70,864,580▼ $3,296,480
Total Liabilities and Net Assets / Fund Balance$504,085,579$540,162,677▲ $36,077,098

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,477,287$3,887,958$7,365,245
Equipment$277,707$1,238,409$1,516,116
Land$937,807-$937,807
Leasehold Improvements$22,192$34,169$56,361
Other Securities$12,658,052--
Compensation and Service Providers
Top Officer Pay52nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Patrick WhiteCEO & Board MemberFT$252,182$158,588$410,770
Jill KruyerVice President of LendingFT$133,026$68,420$201,446
Daniel FondrenVice-president of Mem ServFT$136,632$50,907$187,539
Michael FurstVice President of LendingFT$117,000$566$117,566
Patrick HagedornCOO/board SecretaryPT$39,378-$39,378

Board Members and Trustees

NameTitle
Patricia R GoochBoard President
Sam ParaschosBoard Vice President
Andre WeathersBoard Member
Jeffrey ClothierBoard Member
Michael VanceBoard Member
Sidney DecouBoard Member
Joseph EufingerBoard Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
FiservData Processing75 REMITTANCE DR STE 1649, Chicago, IL 60675$586,049
The Karma GroupMarketing And Advertising118 S ADAMS ST, Green Bay, WI 54301$336,193
Visa USADebit & Credit Card ProcessingPO BOX 742233, Los Angeles, CA 90074$254,759
Fis Global (metavante)Atm & Debit Card ProcessingPO BOX 4535, Carol Stream, IL 60197$185,315
Fis (certegy)Credit Card Processing11601 N ROOSEVELT BLVD, St Petersburg, FL 33716$164,015
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$7,073,545
Investment Income
$4,492,781
Other Revenue
$44,657
Change in Net Assets
$1,507,227

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,610,983
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$11,610,983
Total Revenue per Form 990
$11,610,983
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,582,881
Salaries, Compensation, and Employee Benefits$4,474,155
Grants and Similar Amounts Paid$46,720
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$2,763,580
Interest---$1,206,747
Office Expenses---$839,060
Information Technology---$716,218
Current Officers, Directors, Trustees, and Key Employees---$637,687
Advertising---$627,313
Other Employee Benefits---$562,189
Occupancy---$405,698
Depreciation Depletion---$321,557
Pension Plan Contributions---$283,581
Payroll Taxes---$227,118
Insurance---$112,712
Fees for Service Investment Mgmnt Fees---$105,000
Fees for Services Other---$99,797
Fees for Services Accounting---$60,645
Grants to Domestic Orgs---$46,720
Other Expenses---$31,016
Fees for Services Legal---$22,638
Travel---$17,241
Payments to Affiliates---$15,855
All Other Expenses---$-94,628
Total Functional Expenses$0$0$0$10,103,756

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$10,103,756
Total Expenses per Audited Statements$10,103,756
Total Expenses per Form 990$10,103,756
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Genesee County Medical SocietyFlint, MI501(c)(3)Charitable Contribution$16,000
Ascension Genesys FoundationGrand Blanc, MI501(c)(3)Charitable Contribution$8,500
Mclaren FoundationFlint, MI501(c)(3)Charitable Contribution$8,490
Hurley FoundationFlint, MI501(c)(3)Charitable Contribution$7,730
Education Foundation for Flint Community SchoolsFlint, MI501(c)(3)Charitable Contribution$6,000
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
Shares$159,539,351
Money Market$156,653,425
Share Drafts$85,520,987
Share and Ira Certificates$66,246,220
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

“Cuna compensation surveys are used by board of directors to determine the compensation of officers and top management.”

Form 990, Part VI, Section C, Line 19

“The organization does not make its governing documents and conflict of interest policy available to the public. Quarterly financial statements are available to the public via ncua.gov.”

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
2022-09-27
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
107
Volunteers
7

Preparer

Firm
Doeren Mayhew
Address
305 WEST BIG BEAVER ROAD, TROY, MI 48084
Preparer
Jack Tracy
Phone
2482443000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Loan servicing 27,771. Provision for loan loss -13,685. Miscellaneous expenses -108,714.”

FORM 990, PART XI, LINE 9:

“Net change in unrealized gains/losses on pension plan obligations 681,371.”

FORM 990, PART XII, LINE 2C:

“We have a committee that assumes responsibility for the oversight of the audit of the credit union's 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.”

Raw XML AppendixShowing 400 of 589 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/ActivitiesConductedPrtshpInd00
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/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt739378
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9138409
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10134942
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11117000
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/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO & BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7COO/BOARD SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE-PRESIDENT OF MEM SERV
IRS990/Form990PartVIISectionAGrp/TitleTxt10VICE PRESIDENT OF LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt11VICE PRESIDENT OF LENDING
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01934
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToDomesticOrgsGrp/TotalAmt046720
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt011610983
IRS990/GroupExemptionNum01359
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt04
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0716218
IRS990/InsuranceGrp/TotalAmt0112712
IRS990/IntangibleAssetsGrp/BOYAmt0118951
IRS990/IntangibleAssetsGrp/EOYAmt079300
IRS990/InterestGrp/TotalAmt01206747
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt04492781
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04492781
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt021282676
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt029798331
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0290634915
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0314122227
IRS990/IRPDocumentCnt07125
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05160536
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04812916
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04714993
IRS990/LandBldgEquipCostOrOtherBssAmt09875529
IRS990/LegalDomicileStateCd0MI
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/NetAssetsOrFundBalancesBOYAmt074161060
IRS990/NetAssetsOrFundBalancesEOYAmt070864580
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-5485078
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0405698
IRS990/OfficeExpensesGrp/TotalAmt0839060
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06528677
IRS990/OtherAssetsTotalGrp/EOYAmt08599108
IRS990/OtherChangesInNetAssetsAmt0681371
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0562189
IRS990/OtherExpensesGrp/Desc0DEBIT/CREDIT EXPENSES
IRS990/OtherExpensesGrp/Desc1ATM EXPENSES
IRS990/OtherExpensesGrp/Desc2MAINTENANCE
IRS990/OtherExpensesGrp/Desc3TRAINING/DEVELOPMENT/ED
IRS990/OtherExpensesGrp/TotalAmt0683866
IRS990/OtherExpensesGrp/TotalAmt1218408
IRS990/OtherExpensesGrp/TotalAmt2193738
IRS990/OtherExpensesGrp/TotalAmt331016
IRS990/OtherLiabilitiesGrp/BOYAmt0428574789
IRS990/OtherLiabilitiesGrp/EOYAmt0467959983
IRS990/OtherRevenueMiscGrp/BusinessCd0520000
IRS990/OtherRevenueMiscGrp/BusinessCd1530000
IRS990/OtherRevenueMiscGrp/Desc0FINANCE & INSURANCE
IRS990/OtherRevenueMiscGrp/Desc1RENTAL ACTIVITIES
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt028386
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt116271
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt028386
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt116271
IRS990/OtherRevenueTotalAmt044657
IRS990/OtherSalariesAndWagesGrp/TotalAmt02763580
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt096335592
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0104650532
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/TotalAmt015855
IRS990/PayrollTaxesGrp/TotalAmt0227118
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0283581
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0209003
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0286546
IRS990/PrincipalOfficerNm0PATRICK WHITE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INCOME
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04133364
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12940181
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04133364
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12940181
IRS990/ProgSrvcAccomActy2Grp/Desc0SHARE ACCOUNTS - $159,539,351
IRS990/ProgSrvcAccomActy3Grp/Desc0CERTIFICATES OF DEPOSIT - $66,246,220
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt038400
IRS990/PYInvestmentIncomeAmt05738202
IRS990/PYOtherExpensesAmt06279734
IRS990/PYOtherRevenueAmt042386
IRS990/PYProgramServiceRevenueAmt06998426
IRS990/PYRevenuesLessExpensesAmt01942812
IRS990/PYSalariesCompEmpBnftPaidAmt04518068
IRS990/PYTotalExpensesAmt010836202
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt012779014
IRS990/ReconcilationRevenueExpnssAmt01507227
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt074161060
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt070864580
IRS990/SavingsAndTempCashInvstGrp/BOYAmt082102445
IRS990/SavingsAndTempCashInvstGrp/EOYAmt075612452
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03477287
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03887958
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07365245
IRS990ScheduleD/EquipmentGrp/BookValueAmt0277707
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01238409
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01516116
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt010103756
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0937807
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0937807
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt022192
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt034169
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt056361
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt085520987
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1159539351
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2156653425
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt366246220
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHARE DRAFTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2MONEY MARKET
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3SHARE AND IRA CERTIFICATES
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt017140279
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt112658052
IRS990ScheduleD/OtherSecuritiesGrp/Desc0COLI
IRS990ScheduleD/OtherSecuritiesGrp/Desc1HTM INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt011610983
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/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04714993
IRS990ScheduleD/TotalBookValueSecuritiesAmt029798331
IRS990ScheduleD/TotalExpensesPerForm990Amt010103756
IRS990ScheduleD/TotalLiabilityAmt0467959983
IRS990ScheduleD/TotalRevenuePerForm990Amt011610983
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt011610983
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt010103756
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt07730
IRS990ScheduleI/RecipientTable/CashGrantAmt18490
IRS990ScheduleI/RecipientTable/CashGrantAmt216000
IRS990ScheduleI/RecipientTable/CashGrantAmt38500
IRS990ScheduleI/RecipientTable/CashGrantAmt46000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt40
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0CHARITABLE CONTRIBUTION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1CHARITABLE CONTRIBUTION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2CHARITABLE CONTRIBUTION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3CHARITABLE CONTRIBUTION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4CHARITABLE CONTRIBUTION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0HURLEY FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1MCLAREN FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2GENESEE COUNTY MEDICAL SOCIETY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3ASCENSION GENESYS FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4EDUCATION FOUNDATION FOR FLINT COMMUNITY SCHOOLS

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$540,162,677
Liabilities
$469,298,097
Net assets
$70,864,580
Revenue
$11,610,983
Expenses
$10,103,756
Net income
$1,507,227
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