FIRSTMARK CREDIT UNION: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: FIRSTMARK CREDIT UNION (EIN 74-0879805)
Tax period: 2023-01-01 to 2023-12-31
Filed: 2024-11-06
IRS object ID: 202433119349302053
Schema version: 2023v5.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule I
Schedule J
Schedule L
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-11-06T11:27:46-05:00	ReturnTs
Tax Period End	2023-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	261694946	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	SCHWARTZ COLE AND ASSOCIATES LLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	7301 WILES RD STE 202	AddressLine1Txt
City	CORAL SPRINGS	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	33067	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2023-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	740879805	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	FIRSTMARK CREDIT UNION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	FIRS	BusinessNameControlTxt
Phone	2103428484	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2023 GOLD CANYON DRIVE	AddressLine1Txt
City	SAN ANTONIO	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	78232	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	GREGG THORNE	PersonNm
Person Title	CAO	PersonTitleTxt
Phone	2103087813	PhoneNum
Signature	2024-11-06	SignatureDt

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	false	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	DANIEL J COLE	PreparerPersonNm
PTIN	P00055998	PTIN
Phone	9547551760	PhoneNum
Preparation	2024-11-06	PreparationDt

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2024-10-15 13:58:12Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	GREGG THORNE	PrincipalOfficerNm
Gross Receipts	$78,327,954	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.FIRSTMARKCU.ORG	WebsiteAddressTxt
Type Of Organization Other	Yes (X)	TypeOfOrganizationOtherInd
Formation	1932	FormationYr
Legal Domicile State	TX	LegalDomicileStateCd
Activity Or Mission	TO HELP PEOPLE TO BETTER THEIR LIVES AND BUSINESSES.	ActivityOrMissionDesc
Voting Members Governing Body	7	VotingMembersGoverningBodyCnt
Voting Members Independent	7	VotingMembersIndependentCnt
Total Employee	306	TotalEmployeeCnt
Total Gross UBI	$121,554	TotalGrossUBIAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$47,738,456	PYProgramServiceRevenueAmt
CY Program Service Revenue	$51,330,963	CYProgramServiceRevenueAmt
PY Investment Income	$12,427,376	PYInvestmentIncomeAmt
CY Investment Income	$23,729,101	CYInvestmentIncomeAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$60,165,832	PYTotalRevenueAmt
CY Total Revenue	$75,060,064	CYTotalRevenueAmt
PY Grants And Similar Paid	$178,386	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$86,985	CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$21,467,494	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$22,965,102	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$32,743,418	PYOtherExpensesAmt
CY Other Expenses	$49,646,719	CYOtherExpensesAmt
PY Total Expenses	$54,389,298	PYTotalExpensesAmt
CY Total Expenses	$72,698,806	CYTotalExpensesAmt
PY Revenues Less Expenses	$5,776,534	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$2,361,258	CYRevenuesLessExpensesAmt
Total Assets BOY	$1,229,028,062	TotalAssetsBOYAmt
Total Assets EOY	$1,199,200,708	TotalAssetsEOYAmt
Total Liabilities BOY	$1,158,841,635	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$1,114,581,445	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$70,186,427	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$84,619,263	NetAssetsOrFundBalancesEOYAmt
Mission	SEE SCHEDULE O	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Desc	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	Desc
Described In Section501c3	false	DescribedInSection501c3Ind
Schedule B Required	false	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Subject To Proxy Tax	false	SubjectToProxyTaxInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	false	CollectionsOfArtInd
Credit Counseling	false	CreditCounselingInd
Donor Rstr Or Quasi Endowments	false	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (true)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (true)	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	false	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	false	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	false	ConsolidatedAuditFinclStmtInd
School Operating	false	SchoolOperatingInd
Foreign Office	false	ForeignOfficeInd
Foreign Activities	false	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	false	MoreThan5000KToIndividualsInd
Professional Fundraising	false	ProfessionalFundraisingInd
Fundraising Activities	false	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	Yes (true)	GrantsToOrganizationsInd
Grants To Individuals	false	GrantsToIndividualsInd
Schedule J Required	Yes (true)	ScheduleJRequiredInd
Tax Exempt Bonds	false	TaxExemptBondsInd
Loan Outstanding	Yes (true)	LoanOutstandingInd
Grant To Related Person	false	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	false	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	false	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	false	DeductibleNonCashContriInd
Deductible Art Contribution	false	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	false	DisregardedEntityInd
Related Entity	Yes (true)	RelatedEntityInd
Related Organization Ctrl Ent	Yes (true)	RelatedOrganizationCtrlEntInd
Transaction With Control Ent	Yes (true)	TransactionWithControlEntInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	15686	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	306	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (true)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (true)	Form990TFiledInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	false	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	7	GoverningBodyVotingMembersCnt
Independent Voting Member	7	IndependentVotingMemberCnt
Family Or Business Rln	false	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (true)	MembersOrStockholdersInd
Election Of Board Members	Yes (true)	ElectionOfBoardMembersInd
Decisions Subject To Approva	false	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	Yes (true)	LocalChaptersInd
Policies Reference Chapters	Yes (true)	PoliciesReferenceChaptersInd
Form990 Provided To Gvrn Body	Yes (true)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	false	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	false	WhistleblowerPolicyInd
Document Retention Policy	Yes (true)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	false	CompensationProcessOtherInd
Investment In Joint Venture	Yes (true)	InvestmentInJointVentureInd
Written Policy Or Procedure	Yes (true)	WrittenPolicyOrProcedureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	GREGG THORNE	PersonNm
Phone	2103428484	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2023 GOLD CANYON	AddressLine1Txt
City	SAN ANTONIO	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	78232	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (22 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd
DONALD PINSON
CHAIRMAN	5.00	Yes (X)	Yes (X)	$0	$0	$0
MATTHEW RALPH
VICE CHAIR	5.00	Yes (X)	Yes (X)	$0	$0	$0
KYLE FRIESENHAHN
SECRETARY	5.00	Yes (X)		$0	$0	$0
RODOLFO PENA
TREASURER	5.00	Yes (X)	Yes (X)	$0	$0	$0
IGNACIO OROZCO JR
DIRECTOR	5.00	Yes (X)	Yes (X)	$0	$0	$0
CLARE COLEMAN
DIRECTOR	5.00	Yes (X)		$0	$0	$0
DONALD JONES JR
DIRECTOR	5.00	Yes (X)		$0	$0	$0
ERICKA OLIVAREZ
ADVISORY DIR	5.00	Yes (X)		$0	$0	$0
LLOYD VERSTUYFT
ADVISORY DIR	5.00	Yes (X)		$0	$0	$0
REDELL ERVIN
FMR DIRECTOR	5.00	Yes (X)		$0	$0	$0
BRIAN GOTTARDY
FMR ADV DIRE	5.00	Yes (X)		$0	$0	$0
NATHANAEL TARWASOKONO
PRESIDENT/CE	45.00		Yes (X)	$500,578	$0	$27,948
GREGG THORNE
CAO	45.00		Yes (X)	$288,881	$0	$26,130
MICHAEL GRUNDON
CFO	45.00		Yes (X)	$346,426	$0	$23,914
RICHARD DANNY SMITH
CHIEF EXP OF	45.00		Yes (X)	$215,208	$0	$22,589
LAURA WARD
CRO	45.00		Yes (X)	$202,164	$0	$20,583
MARY LEONARDI
CPO	45.00		Yes (X)	$51,686	$0	$5,336
VERONICA TERAN
VP OF ACCOUN	45.00			$169,023	$0	$18,480	Yes (X)
RICK NELSON
VP OF BUS PA	45.00			$168,699	$0	$18,271	Yes (X)
ANDREW DENOCOUR
VP PRODUCT D	45.00			$160,237	$0	$18,560	Yes (X)
DAVID PUENTE
DIRECTOR MTG	45.00			$142,073	$0	$17,569	Yes (X)
MARK LEITA
VP COMP & LE	45.00			$146,843	$0	$17,132	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$2,391,818	TotalReportableCompFromOrgAmt
Total Other Compensation	$216,512	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	12	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	false	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (true)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
LEONARD CONTRACTING SERVICES
16010 UNIVERSITY OAK STE 100	SAN ANTONIO	TX	78249	CONSTRUCTION	$3,610,653
PSCU
560 CARILLON PARKWAY	ST PETERSBURG	FL	33716	PAYMENT SYSTETM	$1,963,028
CARDTRONICS US INC
14181 COLLECTIONS CENTER DR	CHICAGO	IL	60693	ATM EXPENSES	$1,356,566
JACK HENRY & ASSOCIATES INC
PO BOX 609	MONETT	MO	65708	SOFTWARE	$1,180,201
LUMIN DIGITAL LLC
560 CARILLON PARKWAY	ST PETERSBURG	FL	33716	SOFTWARE	$1,058,593

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	54	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
PERSONAL LOANS	522100	$20,626,972	$20,626,972
OTHER	522100	$16,082,048	$16,082,048
REAL ESTATE LOANS	522100	$10,045,937	$10,045,937
CREDIT CARD LOANS	522100	$4,454,452	$4,454,452
NON MEMBER ATM FEES	522100	$100,900		$100,900

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$20,654	TotalRevenueColumnAmt
Unrelated Business Revenue	$20,654	UnrelatedBusinessRevenueAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$51,330,963	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$24,115,537	TotalRevenueColumnAmt
Related Or Exempt Func Income	$24,115,537	RelatedOrExemptFuncIncomeAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$1,303,860	SecuritiesAmt
Other	$1,577,594	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$2,287,794	SecuritiesAmt
Other	$980,096	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	-$983,934	SecuritiesAmt
Other	$597,498	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$386,436	TotalRevenueColumnAmt
Related Or Exempt Func Income	-$386,436	RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$75,060,064	TotalRevenueColumnAmt
Related Or Exempt Func Income	$74,938,510	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$121,554	UnrelatedBusinessRevenueAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$86,985	TotalAmt
Program Services	$86,985	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$1,731,443	TotalAmt
Program Services	$1,731,443	ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$16,359,548	TotalAmt
Program Services	$16,359,548	ProgramServicesAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$3,520,359	TotalAmt
Program Services	$3,520,359	ProgramServicesAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$1,353,752	TotalAmt
Program Services	$1,353,752	ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$4,847	TotalAmt
Program Services	$4,847	ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$229,923	TotalAmt
Program Services	$229,923	ProgramServicesAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$161,448	TotalAmt
Program Services	$161,448	ProgramServicesAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$5,055,453	TotalAmt
Program Services	$5,055,453	ProgramServicesAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$1,901,647	TotalAmt
Program Services	$1,901,647	ProgramServicesAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$4,890,969	TotalAmt
Program Services	$4,890,969	ProgramServicesAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$2,972,063	TotalAmt
Program Services	$2,972,063	ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$644,408	TotalAmt
Program Services	$644,408	ProgramServicesAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$21,009,396	TotalAmt
Program Services	$21,009,396	ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$2,333,816	TotalAmt
Program Services	$2,333,816	ProgramServicesAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$248,885	TotalAmt
Program Services	$248,885	ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt
DATA PROCESSING	$3,549,560	$3,549,560
LOAN SERVICING	$3,104,005	$3,104,005
PROVISION FOR LOAN LOSS	$2,761,101	$2,761,101
ALL OTHER EXPENSES	$559,160	$559,160

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$220,038	TotalAmt
Program Services	$220,038	ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$72,698,806	TotalAmt
Program Services	$72,698,806	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$16,901,519	BOYAmt
EOY	$13,241,733	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$3,662,749	BOYAmt
EOY	$15,888,423	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$14,823,984	BOYAmt
EOY	$19,037,352	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$732,630,753	BOYAmt
EOY	$652,618,453	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$2,532,691	BOYAmt
EOY	$2,797,705	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$65,075,508	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$23,611,518	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$31,837,313	BOYAmt
EOY	$41,463,990	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$325,695,268	BOYAmt
EOY	$354,398,622	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$64,955,289	BOYAmt
EOY	$69,895,418	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$35,988,496	BOYAmt
EOY	$29,859,012	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,229,028,062	BOYAmt
EOY	$1,199,200,708	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$6,658,836	BOYAmt
EOY	$7,130,168	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$94,244,501	BOYAmt
EOY	$75,886,609	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$1,057,938,298	BOYAmt
EOY	$1,031,564,668	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$1,158,841,635	BOYAmt
EOY	$1,114,581,445	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$70,186,427	BOYAmt
EOY	$84,619,263	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$70,186,427	BOYAmt
EOY	$84,619,263	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$1,229,028,062	BOYAmt
EOY	$1,199,200,708	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$2,361,258	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$12,071,578	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	Yes (true)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (true)	AuditCommitteeInd
Federal Grant Audit Required	false	FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$9,859,994	OtherCostOrOtherBasisAmt
Book Value	$9,859,994	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$29,773,318	OtherCostOrOtherBasisAmt
Depreciation	$10,194,836	DepreciationAmt
Book Value	$19,578,482	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$3,650,331	OtherCostOrOtherBasisAmt
Depreciation	$1,554,458	DepreciationAmt
Book Value	$2,095,873	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$16,587,660	OtherCostOrOtherBasisAmt
Depreciation	$11,862,224	DepreciationAmt
Book Value	$4,725,436	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$5,204,205	OtherCostOrOtherBasisAmt
Book Value	$5,204,205	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$41,463,990	TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp

Field	Value	IRS element (for citing)
Desc	CASH/ FED OVERNIGHT/ CORP CU'S	Desc
Book Value	$69,895,418	BookValueAmt
Method Valuation	C	MethodValuationCd

Field	Value	IRS element (for citing)
Total Book Value Securities	$69,895,418	TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDesc	AmtAmt
MEMBER SHARE ACCOUNTS	$1,023,838,647
OTHER LIABILITIES	$6,770,348
DIVIDENDS PAYABLE	$955,673

Field	Value	IRS element (for citing)
Total Liability	$1,031,564,668	TotalLiabilityAmt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (true)	GrantRecordsMaintainedInd

Recipient Table RecipientTable (4 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Valuation Method UsedValuationMethodUsedDesc	Non Cash AssistanceNonCashAssistanceDesc	Purpose Of GrantPurposeOfGrantTxt
FIRSTMARK CREDIT UNION FOUNDATION
2023 GOLD CANYON DRIVE	SAN ANTONIO	TX	782321703	842953607	501C3	$50,981	N/A	N/A	ADMIN. EXPENSES
SAN ANTONIO AREA FOUNDATION
303 E PEARL PARKWAY 114	SAN ANTONIO	TX	78215	746065414	501C3	$20,004	N/A	N/A	SCHOLARSHIPS
CHRISTUS SANTA ROSA FOUNDATION
PO BOX 1661	SAN ANTONIO	TX	782961661	742723391	501C 3	$10,000	N/A	N/A	SPONSORSHIP
SAN ANTONIO BUSINESS JOURNAL
PO BOX 844855	DALLAS	TX	75284	583089188	501C 3	$6,000		N/A	SPONSORSHIP

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE I, PAGE 4, PART IV	FormAndLineReferenceDesc
Explanation	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 50,981 FOR LEGAL AND ADMINISTRATIVE COSTS.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Committee	Yes (X)	CompensationCommitteeInd
Written Employment Contract	Yes (X)	WrittenEmploymentContractInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	false	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	false	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	false	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt
NATHANAEL TARWASOKONO
PRESIDENT/CEO	$486,827	$1,322	$12,429	$13,509	$14,439	$528,526
GREGG THORNE
CAO	$261,673	$3,281	$23,927	$12,161	$13,969	$315,011
MICHAEL GRUNDON
CFO	$343,430	$1,322	$1,674	$14,700	$9,214	$370,340
RICHARD DANNY SMITH
CHIEF EXP OFFICER	$199,191	$15,521	$496	$8,723	$13,866	$237,797
LAURA WARD
CRO	$200,039	$1,306	$819	$11,462	$9,121	$222,747
VERONICA TERAN
VP OF ACCOUNTING/CON	$163,622	$4,975	$426	$9,864	$8,616	$187,503
RICK NELSON
VP OF BUS PARTNERS	$160,005	$8,529	$165	$9,662	$8,609	$186,970
ANDREW DENOCOUR
VP PRODUCT DEV & MKT	$158,594	$1,421	$222	$9,525	$9,035	$178,797
DAVID PUENTE
DIRECTOR MTG LENDING	$138,552	$3,171	$350	$8,568	$9,001	$159,642
MARK LEITA
VP COMP & LEGIS.	$142,988	$3,554	$301	$8,561	$8,571	$163,975

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (3 entries)

Relationship With OrgRelationshipWithOrgTxt	Loan PurposeLoanPurposeTxt	Loan From OrganizationLoanFromOrganizationInd	Original PrincipalOriginalPrincipalAmt	Balance DueBalanceDueAmt	DefaultDefaultInd	Board Or Committee ApprovalBoardOrCommitteeApprovalInd	Written AgreementWrittenAgreementInd
NATHANAEL TARWASOKONO
OFFICER	LIFE INSURANCE	Yes (X)	$10,800,000	$11,237,729	false	Yes (true)	Yes (true)
GREGG THORNE
OFFICER	LIFE INSURANCE	Yes (X)	$3,900,000	$4,048,002	false	Yes (true)	Yes (true)
DANNY SMITH
OFFICER	LIFE INSURANCE	Yes (X)	$3,700,000	$3,751,621	false	Yes (true)	Yes (true)

Field	Value	IRS element (for citing)
Total Balance Due	$19,037,352	TotalBalanceDueAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE L, PART V	FormAndLineReferenceDesc
Explanation	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.	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
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 80,000 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, 2023, AND THE TAX RETURN IS FILED ON A CALENDAR YEAR BASIS.
FORM 990, PART XI, LINE 9	CHANGE IN OTHER COMPREHENSIVE INCOME 11,280,429 CHANGE IN OTHER COMPREHENSIVE INCOME PENSION 3,372,654 CREDIT EXPECTED LOSS MODEL -2,457,521 SPLIT DOLLAR LOAN INTEREST -123,984 TOTAL 12,071,578
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.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

Field	Value	IRS element (for citing)
Business Name Line1	FIRSTMARK CREDIT UNION FOUNDATION	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2023 GOLD CANYON DRIVE	AddressLine1Txt
City	SAN ANTONIO	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	782321703	ZIPCd

Field	Value	IRS element (for citing)
EIN	842953607	EIN
Primary Activities	CHARITY	PrimaryActivitiesTxt
Legal Domicile State	TX	LegalDomicileStateCd
Exempt Code Section	501C3	ExemptCodeSectionTxt
Public Charity Status	7	PublicCharityStatusTxt

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	FM CU	BusinessNameLine1Txt
Business Name Line2	FM CU	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Controlled Organization	Yes (true)	ControlledOrganizationInd

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

Field	Value	IRS element (for citing)
Business Name Line1	FMCU FINANCIAL GROUP LLC	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2023 GOLD CANYON DRIVE	AddressLine1Txt
City	SAN ANTONIO	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	78232	ZIPCd

Field	Value	IRS element (for citing)
EIN	273191658	EIN
Primary Activities	CUSO	PrimaryActivitiesTxt
Legal Domicile State	TX	LegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	FMCU	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Entity Type	C CORP	EntityTypeTxt
Share Of Total Income	$3,564	ShareOfTotalIncomeAmt
Share Of EOY Assets	$790,538	ShareOfEOYAssetsAmt
Ownership	1.00000	OwnershipPct
Controlled Organization	Yes (true)	ControlledOrganizationInd

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	false	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	false	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	false	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	false	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	false	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	false	DivRelatedOrganizationInd
Asset Sale To Other Org	false	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	false	AssetPurchaseFromOtherOrgInd
Asset Exchange	false	AssetExchangeInd
Rental Of Facilities To Oth Org	false	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	false	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	false	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	false	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	false	SharingOfFacilitiesInd
Paid Employees Sharing	false	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	Yes (true)	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	false	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	false	TransferToOtherOrgInd
Transfer From Other Org	false	TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

Field	Value	IRS element (for citing)
Business Name Line1	FMCU FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Transaction Type	P	TransactionTypeTxt
Involved	$50,981	InvolvedAmt
Method Of Amount Determination	PROF. FEE EXP. REIMB.	MethodOfAmountDeterminationTxt