2022-11-15T14:52:10-06:00 2021-12-31 410746749 CLIFTONLARSONALLEN LLP 109 N MAIN STREET SUITE 200 AUSTIN MN 55912 990 2021-01-01 141364933 SUNMARK CREDIT UNION SUNM 8667866275 1187 TROY SCHENECTADY ROAD LATHAM NY 12110 JOHANNA O ROBBINS CFO 8667866275 2022-11-15 1 JOHANNA ROBBINS 999009999 TANYA MEDGAARDEN P01717240 5074347000 2022-11-15 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z FRANK DEGRAW 1187 TROY SCHENECTADY ROAD LATHAM NY 12110 63960943 0 X WWW.SUNMARK.ORG X CREDIT UNION 1937 NY WE WORK TOGETHER TO CREATE VALUE AND ENRICH THE LIVES OF OUR MEMBERS. 12 11 330 17 119008 47150 0 0 59715220 63395140 8193334 -1743172 149552 125556 68058106 61777524 51000 80733 5306118 3164151 22067361 25481439 0 0 0 24596719 26080310 52021198 54806633 16036908 6970891 920109210 1009786367 848264704 928637751 71844506 81148616 WE WORK TOGETHER TO CREATE VALUE AND ENRICH THE LIVES OF OUR MEMBERS. 0 0 LOANS: SUNMARK CREDIT UNION OFFERS LOW INTEREST RATE LOANS AND A VARIETY OF BORROWING OPTIONS TO HELP OUR MEMBERS ACHIEVE THEIR GOALS. SUNMARK CREDIT UNION SERVES OVER 83,000 MEMBERS IN 14 COUNTIES WITHIN NEW YORK STATE TO SUPPORT THEIR FINANCIAL GOALS. WE ALSO OFFER A VARIETY OF WORKSHOPS TO EDUCATE OUR MEMBERS. EXAMPLES OF THE WORKSHOPS INCLUDE: BUDGETING, MANAGING DEBT, SAVING/INVESTING FOR YOUR FUTURE AND HOME BUYING WORKSHOPS. DEPOSITS: SUNMARK CREDIT UNION OFFERS COMPETITIVE DIVIDEND RATES ON CHECKING AND SAVINGS ACCOUNTS FOR OUR MEMBERS. WE OFFER MOBILE BANKING AND ACCESS TO NEARLY 30,000 ATMS AND 5,000 PLUS SHARED BRANCHING LOCATIONS ACROSS THE COUNTRY. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 13744 0 1 330 1 1 1 0 0 0 0 0 0 0 X 12 11 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X JOHANNA O ROBBINS 8667866275 1187 TROY SCHENECTADY ROAD LATHAM NY 12110 DAWN DOHERTY CHAIRPERSON 1.00 X X 0 0 0 EDWARD AIDALA VICE CHAIRPERSON 1.00 X X 0 0 0 MATT CUSACK TREASURER 1.00 X X 0 0 0 RALPH LEBARRON SECRETARY 1.00 X X 0 0 0 TONY CARDONA DIRECTOR 1.00 X 0 0 0 DAN HEIM DIRECTOR 1.00 X 0 0 0 AMY JOHNSON DIRECTOR 1.00 X 0 0 0 KRISTEN MYERS DIRECTOR 1.00 X 0 0 0 PARKER POWELL DIRECTOR 1.00 X 0 0 0 BRIAN HUGICK DIRECTOR 1.00 X 0 0 0 ROBERT FORNGES DIRECTOR 1.00 X 0 0 0 EDWARD OBENG ASSOCIATE DIRECTOR 1.00 X 0 0 0 FRANK DEGRAW PRESIDENT/CEO 40.00 X 466202 0 192247 BRYAN DELEHANTY EVP/CFO 40.00 X 277591 0 81204 ANTOINETTE LEBRON EVP/COO 40.00 X 292785 0 52568 DARRYL ENFIELD VP/CIO 40.00 X 214444 0 26293 CHRIS TANTAKIS VP MEMBER RELATIONS 40.00 X 196109 0 36455 SARAH HAMMOND CHIEF RISK OFFICER 40.00 X 197880 0 24113 PAUL KELLY CHIEF HUMAN RESOURCES OFFICER 40.00 X 178892 0 25941 JAYANT SINGH BUSINESS LOAN OFFICER 40.00 X 153606 0 50368 JERILEE BEAUDOIN CHIEF LENDING OFFICER 40.00 X 189099 0 0 AMBER COOLEEN CHIEF MARKETING OFFICER 40.00 X 165625 0 5403 AMANDA ST GEORGE MORTGAGE ORIGINATOR 40.00 X 343695 0 21492 ELIZABETH JACOBSEN BUSINESS DEVELOPMENT ORIGI 40.00 X 311349 0 50542 ANDREW J RUBINO MORTGAGE ORIGINATOR 40.00 X 249879 0 10259 JEFFREY E MILLER VP OF SALES 40.00 X 193483 0 56010 JASON SOLGHAN BUSINESS DEVELOPMENT ORIGI 40.00 X 198812 0 18689 3629451 0 651584 45 0 1 0 FISERV INC PO BOX 934057 ATLANTA GA 31193 PROVIDES FINANCIAL TECHNOLOGY 1866020 MASTER CARD 2000 PURCHASE ST PURCHASE NY 10577 CARD PAYMENT & ATM SERVICES 1821294 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 90074 PROVIDES FLEXIBLE BANKING CONNECTIONS 1704291 IREM SOLUTIONS INC 7221 DELAINEY CT UNIT 11 LAKEWOOD RANCH FL 34240 APPRAISAL SERVICES 658600 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 ATM & DEBIT CARD AUTHORIZATION 467118 34 INTEREST ON LOANS 522100 34738960 34738960 OTHER OPERATING INCOM 522100 17176252 17176252 FEE INCOME 522100 11479928 11360920 119008 63395140 414753 414753 25494 2183419 0 -2183419 25494 -2157925 -2157925 NON-OPERATING INCOME 522100 125556 125556 125556 61777524 63401688 119008 -1743172 80733 3164151 2826825 17512757 861578 2730295 1549984 177852 88008 4471909 1452480 7617460 1801263 370591 164812 2827124 LOAN SERVICING EXPENSE 4501888 PROVISION FOR LOAN LOSS 2485000 OPERATING FEES 73089 MISC. OPERATING EXPENSE 48834 54806633 11548071 10215055 104199652 114353124 22857953 13128151 707213655 797803777 2887926 2888283 41367385 15816228 26277210 25551157 9554411 4477457 3569256 81375 48795 40565911 32674358 920109210 1009786367 7013208 4614062 18799 9498 9719735 4719439 831512962 919294752 848264704 928637751 X 0 0 0 0 71844506 81148616 71844506 81148616 920109210 1009786367 X 6970891 2333219 X X 0 1 X 1 0 95 CAPITAL REGION CHAMBER 5 COMPUTER DRIVE SOUTH COLONIE NY 122051608 474159612 95 PART I-A, LINE 1: PAC CONTRIBUTION TO CAPITAL REGION CHAMBER 5581233 5581233 18699276 4810691 13888585 384931 328483 56448 15914170 10629353 5284817 787775 47701 740074 25551157 NON-TRADING DERIVATIVE LIABILITY 12773 SHARE DRAFT 234031920 REGULAR SHARES 391515297 MONEY MARKET SHARES 145358888 SHARE CERTIFICATES 114338768 IRA ACCOUNTS 18632767 OTHER SHARES 866339 NONMEMBER DEPOSITS 14538000 919294752 X 61777524 0 61777524 0 61777524 54806633 0 54806633 0 54806633 PART X, LINE 2: THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION. STATE CHARTERED CREDIT UNIONS ARE EXEMPT FROM FEDERAL AND STATE INCOME TAX UNDER INTERNAL REVENUE SERVICE CODE SECTION 501(C)14. THE CREDIT UNION HAS FILED TAX RETURNS IN THE PAST FOR ACTIVITIES IT HAS DEEMED TAXABLE, INCLUDING UNREALTED BUISNESS INCOME TAXES (UBIT). THE CREDIT UNION EVALUATED ITS TAX POSITION AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2021 AND SEPTEMBER 30, 2020. THE CREDIT UNION'S 2018 THROUGH 2020 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STAE TAXING AUTHORITITIES. THE INCOME FROM THE CUSO, ORGANIZAED AS AN LLC, FLOWS THROUGH TO THE CREDIT UNION AND, THEREFORE, IS NOT SUBJECT TO FEDERAL AND STATE INCOME TAXES. 1 CAPITAL REGION CHAMBER FOUNDATION 5 COMPUTER DR SOUTH ALBANY NY 12205 141736856 501(C)(3) 16500 0 2021 ENTREPENEUR BOOT CAMP SPONSORSHIP 1 PART I, LINE 2: ALL GRANTS OR ASSISTANCE IS TRACKED IN INTERNAL SYSTEMS THROUGH THE ANNUAL BUDGETING PROCESS, AS WELL AS ROUTINE DEPARTMENTAL MONITORING. SUNMARK HAS A STANDARD PROCESS AND ESTABLISHED CRITERIA FOR GRANTS. FIRST, GRANT RECIPIENTS MUST SERVE A POPULATION WITHIN OUR 14-COUNTY CHARTER AREA. NEXT, FUNDS MUST BE USED TO SUPPORT FINANCIAL LITERACY/EDUCATION AND/OR IMPROVE THE QUALITY OF LIFE FOR THOSE IN NEED. ALL ORGANIZATIONS ARE REQUIRED TO PROVIDE FORM W-9. NON-PROFIT STATUS OF ORGANIZATIONS IS VALIDATED THROUGH PUBLICLY AVAILABLE RESOURCES SUCH AS THE NY STATE CHARITIES BUREAU, CANDID/GUIDESTAR, OR IRS PUBLICATION 78. X 0 0 X X X X 0 1 0 FRANK DEGRAW PRESIDENT/CEO 386075 0 56667 0 23460 0 164027 0 28220 0 658449 0 0 0 AMANDA ST GEORGE MORTGAGE ORIGINATOR 61627 0 282068 0 0 0 12529 0 8963 0 365187 0 0 0 ELIZABETH JACOBSEN BUSINESS DEVELOPMENT ORIGI 6417 0 304932 0 0 0 22053 0 28489 0 361891 0 0 0 BRYAN DELEHANTY EVP/CFO 218803 0 53328 0 5460 0 54465 0 26739 0 358795 0 0 0 ANTOINETTE LEBRON EVP/COO 241650 0 45675 0 5460 0 40855 0 11713 0 345353 0 0 0 ANDREW J RUBINO MORTGAGE ORIGINATOR 67947 0 181932 0 0 0 1256 0 9003 0 260138 0 0 0 JEFFREY E MILLER VP OF SALES 92960 0 95063 0 5460 0 30271 0 25739 0 249493 0 0 0 DARRYL ENFIELD VP/CIO 171149 0 37835 0 5460 0 8736 0 17557 0 240737 0 0 0 CHRIS TANTAKIS VP MEMBER RELATIONS 156899 0 33750 0 5460 0 9716 0 26739 0 232564 0 0 0 SARAH HAMMOND CHIEF RISK OFFICER 130688 0 33773 0 33419 0 4229 0 19884 0 221993 0 0 0 JASON SOLGHAN BUSINESS DEVELOPMENT ORIGI 6799 0 192013 0 0 0 9726 0 8963 0 217501 0 0 0 PAUL KELLY CHIEF HUMAN RESOURCES OFFICER 170151 0 3281 0 5460 0 202 0 25739 0 204833 0 0 0 JAYANT SINGH BUSINESS LOAN OFFICER 123771 0 24375 0 5460 0 30471 0 19897 0 203974 0 0 0 JERILEE BEAUDOIN CHIEF LENDING OFFICER 180264 0 3375 0 5460 0 0 0 0 0 189099 0 0 0 AMBER COOLEEN CHIEF MARKETING OFFICER 141396 0 18769 0 5460 0 5203 0 200 0 171028 0 0 0 PART I, LINE 1A FRANK DEGRAW - GOLF MEMBERSHIP DUES - $3,780 PART I, LINE 4B THE FOLLOWING INDIVIDUALS PARTICIPATED IN A 457(B) PLAN: FRANK DEGRAW MARY KAY JANDREW FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF THE CREDIT UNION LIVE, WORK, GO TO SCHOOL OR WORSHIP IN THE 14 COUNTY AREA THE CREDIT UNION SERVES. THIS INCLUDES EMPLOYEES OF SELECT EMPLOYER GROUP MEMBERS AND FAMILY MEMBERS OF ELIGIBLE INDIVIDUALS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT MEMBERS OF THE ORGANIZATION'S GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B A MEMBER VOTE IS REQUIRED TO APPOINT DIRECTORS AND A SPECIAL MEETING CAN BE CALLED FOR MEMBERS TO VOTE. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WILL BE REVIEWED BY THE BOARD CHAIRPERSON AND THE CFO BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY THE BOARD MUST ACKNOWLEDGE AND DISCLOSE ANY CONFLICT OF INTEREST PER THE CODE OF ETHICAL CONDUCT. ALL EMPLOYEES ARE REQUIRED TO READ THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND AGREE THAT THEY WILL COMPLY WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT/CEO'S COMPENSATION IS DETERMINED BY THE SUNMARK CREDIT UNION'S COMPENSATION COMMITTEE USING VARIOUS INDUSTRY-SPECIFIC COMPENSATION STUDIES AND OTHER DATA AVAILABLE IN THE PUBLIC ARENA INCLUDING PROXY STATEMENTS & OTHER FORMS 990. THE COMPENSATION COMMITTE MAKES A FORMAL RECOMMENDATION TO THE BOARD OF DIRECTORS FOR FINAL APPROVAL. COMPENSATION FOR ALL OTHER KEY EMPLOYEES IS DETERMINED BY THE PRESIDENT/CEO USING ANNUALLY UPDATED SALARY RANGES AND BENCHMARKING DATA. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THEIR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN OTHER COMPREHENSIVE INCOME 2,333,219. FORM 990, PART XII, LINE 2C: ORGANIZATION ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT. NO CHANGES FROM PREVIOUS YEARS. HORIZON SERVICE ORGANIZATION LLC 1187 TROY SCHENECTADY ROAD LATHAM NY 12110 HOLDING COMPANY FOR SUNMARK INVESTMENT IN CUSO ENTITIES NY 619 1014884 SUNMARK CREDIT UNION SIS INSURANCE & FINANCIAL LLC 1187 TROY SCHENECTADY ROAD LATHAM NY 12110 INSURANCE SERVICES NY 1094552 120293 HORIZON SERVICE ORGANIZATION LLC SUNMARK CHARITABLE COMMUNITY FOUNDATION 1187 TROY SCHENECTADY ROAD LATHAM NY 12110 473713204 FINANCIAL CONTRIBUTIONS, IN-KIND SERVICES AND VOLUNTEER SUPPORT TO NONPROFIT NY 501(C)(3) PF SUNMARK CREDIT UNION 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0