Nonprofit · EIN 38-0546210
SOVITA CREDIT UNION
Tax-exempt · FLINT, MI 48532
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $24,546,876 | $18,934,081 | $5,612,795 | $575,856,918 | $488,246,913 | $87,610,005 |
| December 31, 2024 | 990 | $21,313,191 | $16,718,866 | $4,594,325 | $529,376,259 | $455,711,137 | $73,665,122 |
| December 31, 2023 | 990 | $18,274,970 | $12,774,373 | $5,500,597 | $508,496,724 | $444,865,823 | $63,630,901 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $10,802,252
- Investment income
- $13,729,083
- Other revenue
- $15,541
Expenses
- Grants and similar amounts paid
- $105,535
- Compensation of officers, directors and key employees
- $1,129,866
- Other salaries and wages
- $3,233,681
- Salaries, compensation and benefits (total)
- $5,630,621
- Professional fundraising fees
- $0
- Legal fees
- $61,968
- Accounting fees
- $113,124
- Occupancy
- $487,147
- Travel
- $21,616
- Depreciation
- $423,799
Balance sheet and other
- Total assets, start of year
- $529,376,259
- Total assets, end of year
- $575,856,918
- Total liabilities, end of year
- $488,246,913
- Net assets, end of year
- $87,610,005
- Land, buildings and equipment
- $4,318,274
- Publicly traded securities
- $308,221,477
- Gross unrelated business income
- $15,541
- Gross receipts
- $24,546,876
- Employees
- 96
- Volunteers
- 7
- Year formed
- 1934
- State of legal domicile
- MI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PATRICK WHITE | CEO Trustee or director, Officer | 40 | $353,878 | $25,412 |
| JILL KRUYER | VICE PRESIDENT OF MEM SERV Key employee | 40 | $176,603 | $98,589 |
| DANIEL FONDREN | VICE PRESIDENT OF FINANCE Officer | 40 | $183,150 | $80,700 |
| MICHAEL FURST | VICE PRESIDENT OF LENDING Key employee | 40 | $176,812 | $8,262 |
| JENNIFER SHEW | DIRECTOR OF MARKETING Highest-paid employee | 40 | $115,027 | $44,090 |
| JOHN MALONE | IT COORDINATOR Highest-paid employee | 40 | $111,039 | $46,562 |
| PATRICK HAGEDORN | COO/BOARD SECRETARY Trustee or director, Officer | 3 | $26,460 | $0 |
| MICHAEL VANCE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PATRICIA R GOOCH | BOARD PRESIDENT Trustee or director | 1 | $0 | $0 |
| SAM PARASCHOS | BOARD VICE PRESIDENT Trustee or director | 1 | $0 | $0 |
| JOSEPH EUFINGER | BOARD TREASURER Trustee or director | 1 | $0 | $0 |
| ANDRE WEATHERS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| APRIL PARASCHOS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PATRICK WHITE | CEO Trustee or director, Officer | 40 | $495,059 | $21,673 |
| JILL KRUYER | VICE PRESIDENT OF MEM SERV Key employee | 40 | $167,833 | $129,470 |
| DANIEL FONDREN | VICE PRESIDENT OF FINANCE Officer | 40 | $176,197 | $98,271 |
| MICHAEL FURST | VICE PRESIDENT OF LENDING Key employee | 40 | $168,840 | $12,812 |
| JENNIFER SHEW | DIRECTOR OF MARKETING Highest-paid employee | 40 | $102,509 | $53,380 |
| PATRICK HAGEDORN | COO/BOARD SECRETARY Trustee or director, Officer | 3 | $19,759 | $0 |
| JEFFREY CLOTHIER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PATRICIA R GOOCH | BOARD PRESIDENT Trustee or director | 1 | $0 | $0 |
| SAM PARASCHOS | BOARD VICE PRESIDENT Trustee or director | 1 | $0 | $0 |
| JOSEPH EUFINGER | BOARD TREASURER Trustee or director | 1 | $0 | $0 |
| ANDRE WEATHERS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PATRICK WHITE | CEO Trustee or director, Officer | 40 | $318,240 | $26,519 |
| JILL KRUYER | VICE PRESIDENT OF MEM SERV Highest-paid employee | 40 | $161,044 | $74,286 |
| DANIEL FONDREN | VICE PRESIDENT OF FINANCE Officer | 40 | $165,940 | $49,543 |
| MICHAEL FURST | VICE PRESIDENT OF LENDING Highest-paid employee | 40 | $162,220 | $6,490 |
| PATRICK HAGEDORN | COO/BOARD SECRETARY Trustee or director, Officer | 3 | $24,082 | $0 |
| JEFFREY CLOTHIER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PATRICIA R GOOCH | BOARD PRESIDENT Trustee or director | 1 | $0 | $0 |
| SAM PARASCHOS | BOARD VICE PRESIDENT Trustee or director | 1 | $0 | $0 |
| JOSEPH EUFINGER | BOARD TREASURER Trustee or director | 1 | $0 | $0 |
| ANDRE WEATHERS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 320830, FLINT, MI 48532-0015
- Principal officer (990 for 2025)
- PATRICK WHITE, 4411 CALKINS ROAD, FLINT, MI 48532
- Signed the 990
- PATRICK WHITE, CEO
- Phone
- (810) 720-8300
- Website
- SOVITACU.ORG
- Return prepared by
- DOEREN MAYHEW
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.
Program accomplishments
- SHARE DRAFTS AND MONEY MARKET ACCOUNTS - $250,083,587
- SHARE ACCOUNTS - $131,507,605
- SHARE AND IRA CERTIFICATES - $104,351,574
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 38-0546210
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1956
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 1359: CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN
- Assets (IRS master file)
- $575,856,918
- Income (IRS master file)
- $24,546,876
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $24,546,876 | $18,934,081 | $575,856,918 | XML |
| 990 | December 2024 | $21,313,191 | $16,718,866 | $529,376,259 | XML |
| 990 | December 2023 | $18,274,970 | $12,774,373 | $508,496,724 | XML |
| 990 | December 2022 | $13,885,121 | $10,361,055 | $520,943,774 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 38-0546210).
Questions about SOVITA CREDIT UNION
- What is the EIN of SOVITA CREDIT UNION?
- The employer identification number (EIN) of SOVITA CREDIT UNION is 38-0546210.
- Is SOVITA CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1956.
- Are donations to SOVITA CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SOVITA CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SOVITA CREDIT UNION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOVITA CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of SOVITA CREDIT UNION?
- The 990 for the year ended December 31, 2025 names PATRICK WHITE.
- Who are the officers and directors of SOVITA CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 13 people; 7 received compensation from the organization, the highest $353,878 (PATRICK WHITE, CEO).
- How much revenue does SOVITA CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $24,546,876, expenses of $18,934,081 and total assets of $575,856,918 at year end.
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