2025-11-06T11:29:59-05:00 2024-12-31 261694946 SCHWARTZ COLE AND ASSOCIATES LLC 7301 WILES RD STE 202 CORAL SPRINGS FL 33067 990 2024-01-01 740879805 FIRSTMARK CREDIT UNION FIRS 2103428484 2023 GOLD CANYON DRIVE SAN ANTONIO TX 78232 GREGG THORNE INTERIM CEO 2103087813 2025-11-04 false DANIEL J COLE P00055998 9547551760 2025-11-06 2024 2025-03-06 01:10:19Z GREGG THORNE 2023 GOLD CANYON DRIVE SAN ANTONIO TX 78232 82210070 false X WWW.FIRSTMARKCU.ORG X 1932 TX TO HELP PEOPLE TO BETTER THEIR LIVES AND BUSINESSES. 7 7 306 126675 0 51330963 57689856 23729101 13616411 0 75060064 71306267 86985 42632 0 22965102 22874096 0 0 49646719 47289559 72698806 70206287 2361258 1099980 1199200708 1180376412 1114581445 1089513614 84619263 90862798 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 19124 0 true 306 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 GREGG THORNE 2103428484 2023 GOLD CANYON SAN ANTONIO TX 78232 DONALD PINSON CHAIRMAN 5.00 X X 0 0 0 MATTHEW RALPH VICE CHAIR 5.00 X X 0 0 0 KYLE FRIESENHAHN SECRETARY 5.00 X X 0 0 0 RODOLFO PENA TREASURER 5.00 X X 0 0 0 IGNACIO OROZCO JR DIRECTOR 5.00 X 0 0 0 CLARE COLEMAN DIRECTOR 5.00 X 0 0 0 DONALD JONES JR DIRECTOR 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 GREGG THORNE INTERIM CEO 45.00 0.00 X 535093 0 26333 MICHAEL GRUNDON CFO 45.00 X 249441 0 24359 STEVE MOTT COO 45.00 X 226438 0 14826 RICHARD DANNY SMITH CLO 45.00 X 204096 0 20995 LAURA WARD CRO 45.00 X 215128 0 22108 RICK NELSON VP OF RETAIL 45.00 X 182169 0 19387 VERONICA TERAN VP OF ACCOUN 45.00 X 170117 0 17422 ANDREW DENONCOUR VP INNOVATIO 45.00 X 168120 0 19766 MATTHEW STIEFER VP OF IT 45.00 X 165256 0 10326 MARK LEITA VP COMP & LE 45.00 X 147982 0 18064 2263840 193586 12 false true false PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 PAYMENT SERVICE 2088982 LUMIN DIGITAL LLC 560 CARILLON PARKWAY ST PETERSBURG FL 33716 SOFTWARE 1150641 TEXAS SERIES OF LOCKTON COMPANIES PO BOX 123036 DALLAS TX 753123036 COMM INSURANCE 1107210 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 SOFTWARE 917960 ALBERT URESTI MPA PCC PO BOX 2903 SAN ANTONIO TX 782292903 TAX ASSESSOR 804468 56 PERSONAL LOANS 522100 21225253 21225253 OTHER OPERATING INCOME 522100 16788927 16788927 REAL ESTATE LOANS 522100 10438447 10438447 MEMBER BUSINESS LOANS 522100 4619091 4619091 CREDIT CARD LOANS 4491463 4491463 126675 126675 57689856 12505645 12505645 7616523 4398046 7000000 3903803 616523 494243 1110766 1110766 71306267 71179592 126675 42632 42632 1538817 1538817 16486613 16486613 3489636 3489636 1359030 1359030 1809 1809 210822 210822 224270 224270 4372089 4372089 2365008 2365008 4746425 4746425 2814838 2814838 218577 218577 15593260 15593260 2753955 2753955 264904 264904 PROVISION FOR LOAN LOSS 5569119 5569119 LOAN SERVICING 3866840 3866840 DATA PROCESSING 3836223 3836223 ALL OTHER EXPENSES 242730 242730 208690 208690 70206287 70206287 0 0 13241733 12434219 15888423 15216173 19037352 8188476 652618453 701406253 2797705 2430411 64188347 25938372 41463990 38249975 354398622 301287779 69895418 69895418 29859012 31267708 1199200708 1180376412 7130168 5254532 75886609 34348609 1031564668 1049910473 1114581445 1089513614 X 84619263 90862798 84619263 90862798 1199200708 1180376412 X 1099980 5143555 X X false true X true false 9449594 9449594 29473820 11022634 18451186 3650331 1818529 1831802 16758095 13097209 3660886 4856507 4856507 38249975 CASH/ FED OVERNIGHT/ CORP CU'S 69895418 C 69895418 MEMBER SHARE ACCOUNTS 1038521887 OTHER LIABILITIES 10140572 DIVIDENDS PAYABLE 1248014 1049910473 true FIRSTMARK CREDIT UNION FOUNDATION 2023 GOLD CANYON DRIVE SAN ANTONIO TX 782321703 842953607 501C3 37632 N/A N/A SPONSORSHIP SCHEDULE I, PAGE 4, PART IV SUPPORT TO THE FIRSTMARK CREDIT UNION FOUNDATION WAS AS FOLLOWS: AN IN-KIND CONTRIBUTION OF 37,632 FOR LEGAL AND ADMINISTRATIVE COSTS. X X X false false false GREGG THORNE INTERIM CEO 503890 31203 11538 14795 561426 MICHAEL GRUNDON CFO 247715 1726 14624 9735 273800 STEVE MOTT COO 224713 1725 10796 4030 241264 RICHARD DANNY SMITH CLO 202886 711 499 6433 14562 225091 LAURA WARD CRO 213744 1384 12796 9312 237236 RICK NELSON VP OF RETAIL & BUS 180563 1421 185 10895 8492 201556 VERONICA TERAN VP OF ACCOUNTING/CON 166171 3554 392 8183 9239 187539 ANDREW DENONCOUR VP INNOVATION 167950 170 10090 9676 187886 MATTHEW STIEFER VP OF IT 162187 2843 226 9718 608 175582 MARK LEITA VP COMP & LEGIS. 147655 327 8840 9224 166046 GREGG THORNE OFFICER LIFE INSURANCE X 3900000 4398487 false true true DANNY SMITH OFFICER LIFE INSURANCE X 3700000 3789989 false true true 8188476 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 40,000 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, 2024, AND THE TAX RETURN IS FILED ON A CALENDAR YEAR BASIS. FORM 990, PART XI, LINE 9 CHANGE IN OTHER COMPREHENSIVE INCOME 5,143,555 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 8071 797023 1.00000 true false false false false false false false false false false false false false false false true false false false FMCU FOUNDATION P 37632 PROF. FEE EXP. REIMB.