2023-11-15T12:53:47-05:00 2022-12-31 261694946 SCHWARTZ COLE AND ASSOCIATES LLC 7301 WILES RD STE 202 CORAL SPRINGS FL 33067 990 2022-01-01 740879805 FIRSTMARK CREDIT UNION FIRS 2103428484 2023 GOLD CANYON DRIVE SAN ANTONIO TX 78232 NATHANAEL TARWASOKONO PRESIDENT/CEO 2103087813 2023-11-15 NATHANAEL TARWASOKONO 999009999 false DANIEL J COLE P00055998 9547551760 2023-11-15 2022 2023-04-26 12:10:37Z NATHANAEL TARWASOKONO PO BOX 701650 SAN ANTONIO TX 78270 66067858 false X WWW.FIRSTMARKCU.ORG X 1932 TX TO HELP PEOPLE TO BETTER THEIR LIVES AND BUSINESSES. 7 7 330 118278 0 43939521 47738456 6776224 12427376 0 50715745 60165832 62522 178386 0 19613068 21467494 0 0 26323625 32743418 45999215 54389298 4716530 5776534 1229967544 1229028062 1120547845 1158841635 109419699 70186427 SEE SCHEDULE O false false FIRSTMARK CREDIT UNION, A MEMBER OWNED AND LOCALLY CONTROLLED FINANCIAL COOPERATIVE, IS DEDICATED TO MEETING THE FINANCIAL NEEDS OF MEMBERS; PROVIDING EXCELLENCE IN PERSONALIZED SERVICE; OFFERING INNOVATIVE AND COMPREHENSIVE PRODUCTS AND SERVICES; SAFEGUARDING MEMBER INVESTMENTS BY MAINTAINING FINANCIAL STRENGTH; BEING A RESPONSIBLE EMPLOYER BY ADDRESSING THE NEEDS OF EMPLOYEES; AND BEING A RESPONSIBLE CORPORATE CITIZEN IN THE COMMUNITY false false false false false false false false false true true false false true false false false false false false false false false false false false true false true false true false false false false false false false false false true true true false true 13934 0 true 330 true true true false false false false false false false X 7 7 false false false false true true false true true false true true true true false true false true true false true true X NATHANAEL TARWASOKONO 2103428484 2023 GOLD CANYON SAN ANTONIO TX 78232 DONALD PINSON CHAIRMAN 5.00 X X 0 0 0 MATTHEW RALPH TREASURER 5.00 X X 0 0 0 KYLE FRIESENHAHN DIRECTOR 5.00 X 0 0 0 RODOLFO PENA VICE CHAIRMA 5.00 X X 0 0 0 IGNACIO OROZCO JR SECRETARY 5.00 X X 0 0 0 CLARE COLEMAN DIRECTOR 5.00 X 0 0 0 REDELL ERVIN DIRECTOR 5.00 X 0 0 0 DONALD JONES JR ADVISORY DIR 5.00 X 0 0 0 BRIAN GOTTARDY ADVISORY DIR 5.00 X 0 0 0 ERICKA OLIVAREZ ADVISORY DIR 5.00 X 0 0 0 LLOYD VERSTUYFT ADVISORY DIR 5.00 X 0 0 0 NATHANAEL TARWASOKONO PRESIDENT/CE 40.00 X 475177 0 31074 MICHAEL GRUNDON CFO 40.00 X 242811 0 85119 GREGG THORNE CAO 40.00 X 236345 0 52454 RICHARD DANNY SMITH CHIEF EXP OF 40.00 X 197334 0 24647 AARON BEDINGFIELD CHIEF TECH O 40.00 X 190657 0 22262 MICHAEL J POLIGALA VP HOME LEND 40.00 X 132430 0 78325 VERONICA TERAN VP OF ACCOUN 40.00 X 159840 0 39916 MARY LEONARDI CPO 40.00 X 183883 0 8148 DAVID PUENTE MANAGER HOME 40.00 X 137768 0 41084 RICK NELSON VP OF BUS PA 40.00 X 161289 0 17250 LAURA WARD CRO 40.00 X 123513 0 6922 PRISCILLA NAVARRO-FOX FMR. CRO 40.00 X 58706 0 12822 2299753 420023 14 false true false LEONARD CONTRACTING SERVICES 16010 UNIVERSITY OAK STE 100 SAN ANTONIO TX 78249 CONSTRUCTION 3512294 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 PAYMENT SYSTETM 1599510 KEY TITLE GROUP 7701 BROADWAY ST STE 106 SAN ANTONIO TX 78209 TITLE INSURANCE 1030325 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 SOFTWARE 886853 LUMIN DIGITAL LLC 560 CARILLON PARKWAY ST PETERSBURG FL 33716 SOFTWARE 854590 52 PERSONAL LOANS 522100 17768820 17768820 OTHER 522100 16586930 16586930 REAL ESTATE LOANS 522100 9802239 9802239 CREDIT CARD LOANS 522100 3462189 3462189 NON MEMBER ATM FEES 522100 96005 96005 22273 22273 47738456 11641491 11641491 5073204 1614707 5065595 836431 7609 778276 785885 785885 60165832 60047554 118278 178386 1738956 15767202 2631862 1329474 36680 240338 150226 4535838 1802415 4223421 2413441 292755 8878022 1959607 270222 DATA PROCESSING 3243170 LOAN SERVICING 2938006 PROVISION FOR LOAN LOSS 1291666 ALL OTHER EXPENSES 316227 151384 54389298 0 0 0 12776901 16901519 5303844 3662749 14823984 658146452 732630753 2543283 2532691 53523736 21686423 24507108 31837313 436889866 325695268 60358492 64955289 29441598 35988496 1229967544 1229028062 8601490 6658836 59406653 94244501 1052539702 1057938298 1120547845 1158841635 X 109419699 70186427 109419699 70186427 1229967544 1229028062 X 5776534 -45009806 X X false true X true false 9139927 9139927 25816667 9357603 16459064 2978163 1425834 1552329 15588979 10902986 4685993 31837313 CASH/ FED OVERNIGHT/ CORP CU'S 64955289 C 64955289 MEMBER SHARE ACCOUNTS 1052234861 OTHER LIABILITIES 5417527 DIVIDENDS PAYABLE 285910 1057938298 true FIRSTMARK CREDIT UNION FOUNDATION 2023 GOLD CANYON DRIVE SAN ANTONIO TX 782321703 842953607 501C3 150000 N/A N/A DONATIONS SAN ANTONIO AREA FOUNDATION 303 E PEARL PARKWAY 114 SAN ANTONIO TX 78215 746065414 501C3 20000 N/A N/A SCHOLARSHIPS FIRSTMARK CREDIT UNION FOUNDATION 2023 GOLD CANYON DRIVE SAN ANTONIO TX 782321703 842953607 501C3 8386 N/A N/A ADMIN. EXPENSES SCHEDULE I, PAGE 4, PART IV SCHOLARSHIP AWARDS ARE FUNDED BY THE SAN ANTONIO AREA FOUNDATION. TO BEGIN THE PROCESS THE STUDENTS MUST COMPLETE AN APPLICATION TO APPLY FOR THE SCHOLARSHIP. ONCE THE WINNERS OF THE SCHOLARSHIP ARE SELECTED FIRSTMARK CREDIT UNION PUTS THE SAN ANTONIO AREA FOUNDATION IN TOUCH WITH THE WINNERS. THE WINNERS COMPLETE A FORM TO COORDINATE THE AVAILABLE SCHOLARSHIP FUNDS TO BE APPLIED TO THE SCHOOL OF THEIR CHOICE. SUPPORT TO THE FIRSTMARK CREDIT UNION FOUNDATION WAS AS FOLLOWS: AN IN-KIND CONTRIBUTION OF 8,386 FOR LEGAL AND ADMINISTRATIVE COSTS. IN ADDITION, THE CREDIT UNION MADE A CONTRIBUTION OF 150,000 FOR HIGH IMPACT PROJECTS. HIGH IMPACT PROJECTS ENHANCE FIRSTMARK CREDIT UNION FOUNDATION'S MISSION OF FURTHERING EDUCATION, TEACHER TRAINING AND DEVELOPMENT, FAMILY HEALTH AND STABILITY, YOUTH DEVELOPMENT, AND COMMUNITY SUSTAINABILITY. X X X false false false NATHANAEL TARWASOKONO PRESIDENT/CEO 461681 1322 12174 18300 12774 506251 MICHAEL GRUNDON CFO 239947 1322 1542 76637 8482 327930 GREGG THORNE CAO 226888 1322 8135 40033 12421 288799 RICHARD DANNY SMITH CHIEF EXP OFFICER 195727 1306 301 12404 12243 221981 AARON BEDINGFIELD CHIEF TECH OFFICER 173706 16951 10935 11327 212919 MICHAEL J POLIGALA VP HOME LENDING 131733 697 78052 273 210755 VERONICA TERAN VP OF ACCOUNTING/CON 157523 2095 222 31605 8311 199756 MARY LEONARDI CPO 143311 5222 35350 3946 4202 192031 DAVID PUENTE MANAGER HOME LENDING 136054 1421 293 32814 8270 178852 RICK NELSON VP OF BUS PARTNERS 154241 6914 134 9318 7932 178539 NATHANAEL TARWASOKONO OFFICER LIFE INSURANCE X 10800000 10865058 false true true GREGG THORNE OFFICER LIFE INSURANCE X 3900000 3958926 false true true 14823984 SCHEDULE L, PART V THE FIRSTMARK CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS THROUGH AN ARRANGEMENT THE IRS REFERS TO AS "COLLATERAL ASSIGNMENT SPLIT DOLLAR" (CASD). ALTHOUGH THE IRS REQUIRES REPORTING IN PART II, ABOVE, FOR LOANS TO INTERESTED PERSONS, CASD IS NOT AN ACTUAL LOAN. THERE IS NEITHER A TRANSFER OF FUNDS TO THE PARTICIPANT NOR AN OBLIGATION FOR THE PARTICIPANT TO REPAY THOSE FUNDS. INSTEAD, THE FIRSTMARK CREDIT UNION RECOVERS ITS OUTLAYS PLUS INTEREST FROM THE UNDERLYING POLICY. THE RECOVERY RIGHT IS A KEY ADVANTAGE OF CASD. WITH TRADITIONAL DEFERRED COMPENSATION, THE FIRSTMARK CREDIT UNION PAYS THE BENEFIT FROM CORPORATE ASSETS, NEVER TO RECOVER THOSE DOLLARS. WITH CASD, THE FIRSTMARK CREDIT UNION RECOVERS NOT ONLY ITS OUTLAYS, BUT ALSO INTEREST THAT TAKES INTO ACCOUNT THE TIME VALUE OF MONEY. IN CASD, THE FIRSTMARK CREDIT UNION DEPOSITS DOLLARS DIRECTLY INTO A LIFE INSURANCE POLICY, WITH THE FIRSTMARK CREDIT UNION HOLDING A LIEN ON THE POLICY TO ENSURE REPAYMENT. AT SPECIFIED TIMES AND SUBJECT TO VESTING REQUIREMENTS, THE PARTICIPANT MAY BORROW FROM THE CASH VALUE OF THE POLICY TO SUPPLEMENT RETIREMENT INCOME (PROVIDED THERE ARE SUFFICIENT POLICY VALUES). BORROWING IS CAREFULLY MONITORED AND LIMITED TO ASSURE THAT THE POLICY WILL REMAIN IN EFFECT UNTIL THE PARTICIPANT'S DEATH AND WILL PAY A DEATH BENEFIT AT LEAST SUFFICIENT TO REPAY THE FIRSTMARK CREDIT UNION'S OUTLAYS PLUS INTEREST. ANY REMAINING DEATH PROCEEDS ARE DIVIDED BETWEEN THE FIRSTMARK CREDIT UNION AND THE EXECUTIVE'S BENEFICIARY AS SPECIFIED IN THE AGREEMENT. FORM 990 FIRSTMARK'S OBJECTIVE IS TO SEEK OPPORTUNITIES TO INVEST IN NEW PRODUCTS, SERVICES, AND APPLICATIONS TO THE CHANGING NEEDS OF THE CREDIT UNION'S EXPANDING MEMBERSHIP. FIRSTMARK IS COMMITTED TO GIVING BACK TO OUR COMMUNITY. WE CONSIDER IT A PRIVILEGE TO SUPPORT OR STRENGTHEN THE COMMUNITIES WE SERVE. FIRSTMARK PROVIDED SUPPORT AND FINANCIAL DONATIONS OF OVER 100,000 TO EDUCATION PROGRAMS AND LOCAL ORGANIZATIONS. THIS COMMITMENT IS FULFILLING FOR OUR EMPLOYEES AND MAKES A DIFFERENCE IN THE LIVES OF OTHERS. IN OCTOBER 2021, FIRSTMARK CREDIT UNION INTRODUCED THE POWER OF THE DOLLAR CHECKING TO INCLUDE A 1 IMPACT FEE (PAID BY MEMBERS). THE MONTHLY IMPACT FEE GOES DIRECTLY TO THE FIRSTMARK FOUNDATION, A 501(C)(3) PUBLIC CHARITY DEDICATED TO MAKING A TANGIBLE, POSITIVE IMPACT IN THE EDUCATION COMMUNITY THROUGH THE COLLECTIVE SUPPORT OF THE MEMBERSHIP. ON BEHALF OF OUR MEMBERS, THE FIRSTMARK FOUNDATION WILL FUND SIGNIFICANT NEEDS ACROSS SCHOOL DISTRICTS, SUCH AS CONSTRUCTING NEW FACILITIES, IMPROVING EXISTING AMENITIES, ENHANCING LEARNING SPACES, AND PROVIDING EDUCATOR GRANTS AND STUDENT SCHOLARSHIPS. FORM 990, PAGE 6, PART VI, LINE 6 THERE ARE NO CLASSES OF MEMBERS. THERE IS ONLY ONE TYPE OF MEMBER WITH THE SAME RIGHTS. FORM 990, PAGE 6, PART VI, LINE 7A ALL MEMBERS HAVE THE RIGHT TO ELECT MEMBERS OF THE GOVERNING BODY AT THE ANNUAL MEETING AND ALL MEMBERS HAVE THE RIGHT TO RECEIVE A SHARE OF THE ORGANIZATION'S NET ASSETS UPON THE ORGANIZATION'S DISSOLUTION. FORM 990, PAGE 6, PART VI, LINE 11B UPON COMPLETION OF FORM 990, THE CFO AND CEO WILL REVIEW IT AND DELIVER IT TO THE GOVERNING BODY FOR FINAL APPROVAL. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY FOR EMPLOYEES, BUT DOES NOT REQUIRE THE BOARD OF DIRECTORS TO DISCLOSE, ANNUALLY, INTERESTS THAT COULD GIVE RISE TO CONFLICTS. BOARD MEMBERS ARE RESPONSIBLE FOR CAREFULLY EXAMINING POTENTIAL CONFLICTS OF INTERESTS AND ENSURING THAT ANY CONFLICTS OF INTEREST ARE ADDRESSED APPROPRIATELY. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION SURVEY, BOARD APPROVAL AND WRITTEN EMPLOYMENT CONTRACT. FORM 990, PAGE 6, PART VI, LINE 19 FIRSTMARK CREDIT UNION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI THE FINANCIAL STATEMENTS WERE AUDITED ON A CONSOLIDATED BASIS. FINANCIAL STATEMENTS ARE AUDITED FOR THE FISCAL YEAR ENDING JUNE 30, 2022, AND THE TAX RETURN IS FILED ON A CALENDAR YEAR BASIS. FORM 990, PART XI, LINE 9 CHANGES IN OTHER COMPREHENSIVE INCOME AFS -44,920,109 CHANGE IN OTHER COMPREHENSIVE INCOME PENSION -89,697 TOTAL -45,009,806 FORM 990, PART XII THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT. FIRSTMARK CREDIT UNION FOUNDATION 2023 GOLD CANYON DRIVE SAN ANTONIO TX 782321703 842953607 CHARITY TX 501C3 7 FM CU FM CU true FMCU FINANCIAL GROUP LLC 2023 GOLD CANYON DRIVE SAN ANTONIO TX 78232 273191658 CUSO TX FMCU C CORP 2260 787451 1.00000 true true true false false false false false false false false false false false false false true false false false FMCU FINANCIAL A 2260 INTEREST PAYMENTS FMCU FOUNDATION P 8386 PROF. FEE EXP. REIMB. FMCU FOUNDATION B 150000 CONTRIBUTION