Liabilities / Assets
14th percentile
Higher debt load relative to assets than 14% of similar nonprofits.
Credit Unions Chartered in the State of Michigan Sovita Credit Union
990 • Fiscal year 2018 • EIN 38-0546210
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.85x
Liabilities / Revenue
98th percentile
Higher debt load relative to revenue than 98% of similar nonprofits.
Net Margin
80th percentile
Higher net margin than 80% of similar nonprofits.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
21st percentile
Faster asset growth than 21% of similar nonprofits.
Revenue Growth
81st percentile
Faster revenue growth than 81% of similar nonprofits.
Balance Sheet
Assets
Up$409,248,405
Up $4,956,577 (+1.2%) from 2017
Net Assets
Up$60,341,980
Up $1,100,506 (+1.9%) from 2017
Liabilities
Up$348,906,425
Up $3,856,071 (+1.1%) from 2017
Revenue And Expenses
Revenue
Up$13,522,370
Up $1,918,210 (+17%) from 2017
Expenses
Up$10,721,525
Up $2,127,248 (+25%) from 2017
Net Income
Down$2,800,845
Down $209,038 (-6.9%) from 2017
Historical Trend
Filing Detail Status
This 2018 filing currently has summary financial data only. Detailed schedules, leadership, and program rows are not available for this filing yet.
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2018 to Dec 31, 2018
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.
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2018 • Form 990Summary only. Only limited summary data is available for this year.
- Assets
- $409,248,405
- Liabilities
- $348,906,425
- Net assets
- $60,341,980
- Revenue
- $13,522,370
- Expenses
- $10,721,525
- Net income
- $2,800,845