2026-08-01T12:26:17-05:00 2025-12-31 994260840 DOEREN MAYHEW 8785 SW 165TH AVE STE 303 MIAMI FL 33193 990 2025-01-01 380546210 CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN SOVITA CREDIT UNION CRED 8107208300 PO BOX 320830 FLINT MI 48532 PATRICK WHITE CEO 8107208300 2026-07-28 1 AUBREY CLEGG P01076395 3052328272 2025 2025-03-06 01:10:19Z SOVITA CREDIT UNION PATRICK WHITE 4411 CALKINS ROAD FLINT MI 48532 24546876 0 1359 X SOVITACU.ORG X 1934 MI 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. 7 6 96 7 15541 0 0 0 10070922 10802252 11222415 13729083 19854 15541 21313191 24546876 112855 105535 0 0 5289736 5630621 0 0 0 11316275 13197925 16718866 18934081 4594325 5612795 529376259 575856918 455711137 488246913 73665122 87610005 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. 0 0 SHARE DRAFTS AND MONEY MARKET ACCOUNTS - $250,083,587 SHARE ACCOUNTS - $131,507,605 SHARE AND IRA CERTIFICATES - $104,351,574 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8481 0 1 96 1 1 1 0 0 0 0 0 0 0 X 7 6 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X PATRICK WHITE 8107208300 4411 CALKINS RD FLINT MI 48532 PATRICK WHITE CEO 40.00 X X 353878 0 25412 PATRICK HAGEDORN COO/BOARD SECRETARY 3.00 X X 26460 0 0 MICHAEL VANCE BOARD MEMBER 1.00 X 0 0 0 PATRICIA R GOOCH BOARD PRESIDENT 1.00 X 0 0 0 SAM PARASCHOS BOARD VICE PRESIDENT 1.00 X 0 0 0 JOSEPH EUFINGER BOARD TREASURER 1.00 X 0 0 0 ANDRE WEATHERS BOARD MEMBER 1.00 X 0 0 0 APRIL PARASCHOS BOARD MEMBER 1.00 X 0 0 0 DANIEL FONDREN VICE PRESIDENT OF FINANCE 40.00 X 183150 0 80700 JILL KRUYER VICE PRESIDENT OF MEM SERV 40.00 X 176603 0 98589 MICHAEL FURST VICE PRESIDENT OF LENDING 40.00 X 176812 0 8262 JENNIFER SHEW DIRECTOR OF MARKETING 40.00 X 115027 0 44090 JOHN MALONE IT COORDINATOR 40.00 X 111039 0 46562 1142969 0 303615 6 0 1 0 MEMBER DRIVEN TECHNOLOGIES 30230 ORCHARD LAKE RD FARMINGTON HILLS MI 48334 DATA PROCESSING 499491 FIS GLOBAL (METAVANTE) PO BOX 4535 CAROL STREAM IL 60197 ATM & DEBIT CARD PROCESSING 313721 VISA USA PO BOX 742233 LOS ANGELES CA 90074 DEBIT & CREDIT CARD PROCESSING 298523 FIS (CERTEGY) 11601 N ROOSEVELT BLVD ST PETERSBURG FL 33716 CREDIT CARD PROCESSING 262466 THE KARMA GROUP 118 S ADAMS ST GREEN BAY WI 54301 MARKETING AND ADVERTISING 238515 7 LOAN INCOME 522100 7659521 7659521 FEE INCOME 522100 3142731 3142731 10802252 13729083 13729083 FINANCE & INSURANCE 520000 15541 15541 15541 24546876 24531335 15541 0 X 105535 1129866 3233681 255231 685069 326774 61968 113124 96250 34645 476740 661702 1373469 487147 21616 7151515 19066 423799 113750 DEBIT/CREDIT EXPENSES 938516 LOAN SERVICING 274571 ATM EXPENSES 257887 MAINTENANCE 249238 442922 18934081 1267862 1270723 75033464 91567902 682646 1558684 137101578 136475211 679070 709663 10797937 6479663 4644437 4318274 279850787 308221477 18587559 18793241 11528856 12941743 529376259 575856918 2084861 2304147 453626276 485942766 455711137 488246913 X 0 0 0 0 73665122 87610005 73665122 87610005 529376259 575856918 X 5612795 7923865 408223 X X 0 1 X 1 0 937807 937807 7902484 4884924 3017560 89784 56344 33440 1867862 1538395 329467 4318274 SHARE DRAFTS 84536904 SHARES 131507605 MONEY MARKET 165546683 SHARE AND IRA CERTIFICATES 104351574 485942766 X 24546876 0 24546876 0 24546876 18934081 0 18934081 0 18934081 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. 1 HURLEY FOUNDATION ONE HURLEY PLAZA FLINT MI 48503 383085047 501(C)(3) 15000 0 TO SUPPORT PATIENT CARE, CHILDREN'S HEALTH PROGRAMS, AND COMMUNITY WELLNESS INITIATIVES MCLAREN FLINT FOUNDATION 401 BALLENGER HWY FLINT MI 48532 381358053 501(C)(3) 7000 0 PROVIDING RESOURCES FOR THE HOSPITAL, IMPROVING MEDICAL EQUIPMENT, CANCER TREATMENT, AND PATIENT SUPPORT SERVICES GENESEE COUNTY MEDICAL SOCIETY 4438 OAK BRIDGE DR SUITE B FLINT MI 48532 381347755 501(C)(3) 16000 0 TO SUPPORT LOCAL PHYSICIANS AND COMMUNITY HEALTH PROGRAMS, FUNDING INITIATIVES THAT IMPROVE MEDICAL EDUCATION AND PATIENT CARE EDUCATION FOUNDATION FOR FLINT COMMUNITY SCHOOLS PO BOX 13443 FLINT MI 48501 261289650 501(C)(3) 7500 0 INVEST IN EDUCATION BY FUNDING PROGRAMS, SUPPLIES AND SCHOLARSHIPS FOR FLINT'S STUDENTS AND TEACHERS 4 0 PART I, LINE 2: SOVITA CREDIT UNION IS THE LEAD SPONSOR OF THE EDUCATION FOUNDATION FOR 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 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 EACH FOUNDATION'S USE OF FUNDS ARE SHARED WITH THE CREDIT UNION. THE GENESEE COUNTY MEDICAL SOCIETY PROVIDES EDUCATION AND TRAINING TO PHYSICIANS AND THEIR STAFF. THE CREDIT UNION PARTICIPATES IN THE EDUCATION AND TRAINING EVENTS AND COMMUNICATES REGULARLY WITH THE PRESIDENT AND BOARD ABOUT THE SOCIETY'S ACTIVITIES. X 1 1 X X X X 0 1 0 PATRICK WHITE CEO 332604 0 2250 0 19024 0 0 0 25412 0 379290 0 0 0 JILL KRUYER VICE PRESIDENT OF MEM SERV 173500 0 2250 0 853 0 73177 0 25412 0 275192 0 0 0 DANIEL FONDREN VICE PRESIDENT OF FINANCE 180344 0 2250 0 556 0 56062 0 24638 0 263850 0 0 0 MICHAEL FURST VICE PRESIDENT OF LENDING 173050 0 2250 0 1512 0 5448 0 2814 0 185074 0 0 0 JENNIFER SHEW DIRECTOR OF MARKETING 113317 0 1440 0 270 0 21597 0 22493 0 159117 0 0 0 JOHN MALONE IT COORDINATOR 108825 0 1440 0 774 0 23620 0 22942 0 157601 0 0 0 PART I, LINE 4B DURING 2025 THE CREDIT UNION ACCRUED FOR THE FOLLOWING 457F PLAN BENEFITS: DANIEL FONDREN: $27,247 (ACCRUAL) JILL KRUYER: $26,250 (ACCRUAL) PATRICK HAGEDORN'S W-2 COMPENSATION REPORTED PART VII INCLUDES A 457(B) BENEFIT DISTRIBUTION. THE EXECUTIVE'S ANNUAL 457(B) DEFERRALS WERE REPORTED AS A COMPONENT OF BOX 5 COMPENSATION WITHIN PRIOR YEARS' FORMS W-2. SINCE BOX 5 HAS HISTORICALLY EXCEEDED THE DOLLAR AMOUNT REPORTED IN BOX 1, THE COMPENSATION RELATIVE TO THE 457(B) DISTRIBUTION OF $17,510 INCLUDED IN 2025 COMPENSATION, HAS ALREADY BEEN REPORTED AS W-2 COMPENSATION IN PRIOR YEARS' FORMS 990. IN 2025, THE COMPENSATION AMOUNT REPORTED IN FORM 990 REPRESENTS THE AMOUNT REPORTED IN BOX 1 OF FORM W-2. THAT IS, BOX 1 COMPENSATION EXCEEDED THE AMOUNT REPORTED IN BOX 5, AS A RESULT OF THE DISTRIBUTION OF PARICK HAGEDORN'S 457(B) BENEFIT. 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 INFORMATION IS PROVIDED TO A CPA FIRM THAT COMPILES THE RETURN. FORM 990 IS REVIEWED BY ACCOUNTANTS AND 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. FORM 990, PART IX, LINE 24E MISCELLANEOUS EXPENSES 235,225. PROVISION FOR LOAN LOSS 205,916. TRAINING/DEVELOPMENT/EDUCATION 1,781. FORM 990, PART XI, LINE 9: NET CHANGE IN DEFINED BENEFIT PENSION PLAN 408,223. 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.