Sep, 30, 2025 — SOVITA CREDIT UNION is a federally insured state chartered credit union headquartered in FLINT, MI with 5 branch locations and about $563.31 million in total assets. Opened 92 years ago in 1934, SOVITA CREDIT UNION has about 17,882 members and employs 75 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SOVITA CREDIT UNION |
|---|---|
| Address: (Main Office) | 4411 Calkins Rd FLINT, MI 48532 |
| Phone: | (810) 720-8300 |
| Fax: | (810) 720-8302 |
| Website: | https://www.sovitacu.org |
| Branches: | 5 branch locations |
| Members: | 17,882 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60666 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $563,307,314 |
| CEO/Manager: | Patrick J White |
| Chairperson: | Patricia R Gooch |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 75,707,521 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 85,686,764 |
| Unsecured Loans | 10,027,722 |
| Other Loans | 42,029,454 |
| TOTAL LOANS | 137,788,087 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,190,887 |
| Land And Building | 4,016,848 |
| Other Fixed Assets | 476,493 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 4,237,950 |
| All Other Assets | 0 |
| TOTAL ASSETS | 563,307,314 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 492,887 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,269,089 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 82,134,832 |
| Regular shares | 133,112,494 |
| All Other Shares & Deposits | 260,890,834 |
| TOTAL SHARES & DEPOSITS | 476,138,160 |
| TOTAL LIABILITIES | 478,953,941 |
| Regular Reserve | 0 |
| Other Reserves | 80,372,176 |
| Undivided Earnings | 3,981,197 |
| TOTAL EQUITY | 84,353,373 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 563,307,314 |
| INCOME & EXPENSE | |
| Loan Income | 5,702,747 |
| Investment Income | 9,764,409 |
| Other Income | 884,491 |
| Total Employee Compensation & Benefits | 4,242,945 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 4,530,589 |
| Non-operating Income & (Expense) | 236,997 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 168,107 |
| Cost of Funds | 5,245,072 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,981,196 |
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