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.
Executive compensation, broken down
Form 990 · Schedule J · 6 reported individuals · Filing year 2024
- Base
- $305k
- Bonus
- $2k
- Other
- $187k
- Benefits
- $22k
- Base
- $165k
- Bonus
- $2k
- Other
- $814
- Benefits
- $63k
- Base
- $173k
- Bonus
- $2k
- Other
- $531
- Benefits
- $47k
- Base
- $165k
- Bonus
- $2k
- Other
- $1k
- Benefits
- $7k
- Base
- $101k
- Bonus
- $2k
- Other
- $256
- Benefits
- $36k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
CEO | $305k | $2k | $187k | $22k | $517k $556k |
Vice President of Mem Serv vice president | $165k | $2k | $814 | $63k | $297k $320k |
Vice President of Finance vice president | $173k | $2k | $531 | $47k | $274k $295k |
Vice President of Lending vice president | $165k | $2k | $1k | $7k | $182k $195k |
Director of Marketing director (operational) | $101k | $2k | $256 | $36k | $156k $168k |
Coo/board Secretary officer (unspecified) | — | — | — | — | $20k $21k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 5 unpaid individuals.
Up 50%
from 2023
From $345k in 2023 to $517k in 2024.
Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Revenue and expenses over time
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN SOVITA CREDIT UNION reported revenue and expenses across 2 filing years.
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