EIN 38-0546210

Credit Unions Chartered in the State of Sovita Credit Union (FASECU)

IRS 501(c) type
501(c)(14)
Num. employees
103
City
Year formed
1934
Most recent tax filings
2023-12-01
Description
FASECU's mission is to be the primary financial services provider for their members through their continual effort to exemplify courteous, reliable, comprehensive & prompt services.
Related structure
FASECU is child organization, under the parent exemption from Credit Unions Chartered in the State of Michigan.
Also known as...
Sovita Credit Union; Credit Unions Chartered in the State of Flint Area School Employees Credit Union; Credit Unions Chartered in the State of Michigan; Flint Area School Employees Credit Unions
Total revenues
$18,274,970
2023
Total expenses
$12,774,373
2023
Total assets
$508,496,724
2023
Num. employees
103
2023

Program areas at FASECU

Share drafts and money market accounts - $230,906,456
Certificates of deposit - $62,728,864
Share accounts - $149,096,759

Grants made by FASECU

GranteeGrant descriptionAmount
Genesee County Medical SocietyCharitable Contribution$16,000
Lapeer Community Schools Education FoundationCharitable Contribution$10,000
Mclaren FlintCharitable Contribution$9,000
...and 2 more grants made

Personnel at FASECU

NameTitleCompensation
Patrick WhiteGeneral Manager and Chief Executive Officer$308,303
Patrick HagedornChief Operating Officer and Board Secretary$30,361
Daniel FondrenVice President of Finance$160,497
Jamie TovarezPast Vice President of Finance$103,277
Bryanna BenoitChief Operating Officer$24,625
...and 1 more key personnel

Financials for FASECU

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$8,685,209
Investment income and dividends$9,564,103
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$25,658
Total revenues$18,274,970

Form 990s for FASECU

Fiscal year endingDate received by IRSFormPDF link
2023-122024-09-22990View PDF
2022-122023-06-30990View PDF
2021-122022-09-28990View PDF
2020-122021-11-01990View PDF
2019-122021-06-07990View PDF
...and 11 more Form 990s
Data update history
August 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 6, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 29, 2023
Posted financials
Added Form 990 for fiscal year 2020
May 7, 2023
Updated personnel
Identified 2 new personnel
October 2, 2021
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Grantmaking organizationsCredit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local level
General information
Address
PO Box 320830
Flint, MI 48532
Metro area
Flint, MI
County
Genesee County, MI
Website URL
sovitacu.org/ 
Phone
(800) 369-2786
IRS details
EIN
38-0546210
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1934
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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