2024 Overview
General Credit Union Information
Sovita is an NCUA insured institution located in Flint, MI. It was founded in 1934 and has approximately $508.74 millions in assets.
Who can join?
The following persons are eligible to become a member of Flint Area School Employees Credit Union:
Employees and pensioners of an education institution in Genesee,
Lapeer, Livingston, Oakland or Shiawassee County.
Employees and pensioners of a health care facility or health care provider in Genesee, Lapeer, Livingston, Oakland or Shiawassee County.
Employees and pensioners of Libraries in Genesee, Lapeer, Livingston, Oakland or Shiawassee County.
Employees and pensioners of the Mott Children’s Health Center, CS Mott Foundation or Flint Cultural Center.
Employees of an independent contractor that has a contractual relationship with an education institution or other organization authorized in the bullet points listed above, and who are assigned to work positions at the institution or organization.
Anyone who is an employee or pensioner of an education institution in the State of Michigan and resides in Genesee, Lapeer, Livingston, Oakland or Shiawassee County.
Immediate family members (spouse, mother, father, brother, sister, child, grandparent or grandchild) of current credit union members.
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 60666 |
| Date Established | 1934 |
| Assets | $508.74 million |
| Loans | $130.29 million |
| Deposits | $442.73 million |
| Capital | $81.98 million |
Field of Membership Restrictions
Flint Area School Employees Credit Union of Michigan is open to the healthcare and educational professionals and/or employees within these qualified counties: Genesee, Lapeer, Livingston, Oakland, and Shiawassee along with their family members.
Deposit Rates - May 4, 2024
Your Current Location: Ohio, OH 43085
We do not yet have rates for Sovita
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Loan Rates - May 4, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Sovita
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.446% | 6.375% | 0.75 | $2,403 | $1,997 | Learn More |
NMLS ID: 2059741 |
6.638% | 6.500% | 0.75 | $4,595 | $2,023 | Learn More |
NMLS ID: 3030 |
7.212% | 7.125% | 0.88 | $2,800 | $2,156 | Learn More |
NMLS ID: 1907 |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Sovita
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Below are Sovita branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
SOVITA is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Sovita Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Sovita. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Sovita | U.S. Average |
|---|---|
| 1.30% | 6.97 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of December 31, 2023, Sovita had $945,426 in non-current loans and $126,688 in owned assets. To cover these potential losses it had $81,981,358 in net worth and $606,409 in loans loss reserves. That gives it a Texas Ratio of 1.30%.
Net Worth
| Sovita | U.S. Average |
|---|---|
| 16.11% | 13.62% |
Sovita FCU has a net worth of 16.11% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Sovita
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