2021-12-06T14:08:04-06:00 2020-12-31 410746749 CLIFTONLARSONALLEN LLP 9901 IH-10 WEST STE 350 SAN ANTONIO TX 78230 990 2020-01-01 141364933 SUNMARK CREDIT UNION SUNM 8667866275 1187 TROY SCHENECTADY ROAD LATHAM NY 12110 BRYAN DELEHANTY EVP/CFO 8667866275 2021-11-15 1 BRYAN DELEHANTY 999009999 DEAN ROHNE P00625086 2102987900 2021-12-06 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z X FRANK DEGRAW 1187 TROY SCHENECTADY ROAD LATHAM NY 12110 68287354 0 X WWW.SUNMARK.ORG X CREDIT UNION 1937 NY WE WORK TOGETHER TO CREATE VALUE AND ENRICH THE LIVES OF OUR MEMBERS. 12 12 276 17 90786 30465 0 59715220 8193334 149552 68058106 51000 5306118 22067361 0 0 24596719 52021198 16036908 920109210 848264704 71844506 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. 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 11114 0 1 276 1 1 1 0 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X BRYAN DELEHANTY 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 ROBERT FORNGES DIRECTOR 1.00 X 0 0 0 DAN HEIM DIRECTOR 1.00 X 0 0 0 BRIAN HUGICK 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 EDWARD OBENG ASSOCIATE DIRECTOR 1.00 X 0 0 0 FRANK DEGRAW PRESIDENT/CEO 40.00 X 422815 0 34714 BRYAN DELEHANTY EVP/CFO 40.00 X 261914 0 31454 ANTOINETTE LEBRON EVP/COO 40.00 X 230035 0 17155 DARRYL ENFIELD VP/CIO 40.00 X 210691 0 19071 ALISSA SYKES SVP/CHIEF GROWTH OFFICER 40.00 X 194840 0 25040 MARY KAY JANDREW VP/HR 40.00 X 173560 0 16372 JASON SOLGHAN BUSINESS DEVELOPMENT ORIGINATOR 40.00 X 215979 0 12332 ELIZABETH JACOBSEN BUSINESS DEVELOPMENT ORIGINATOR 40.00 X 392457 0 28561 LINDSAY TEDESCO MORTGAGE ORIGINATOR 48.84 X 386461 0 25538 AMANDA ST GEORGE MORTGAGE ORIGINATOR 54.46 X 365542 0 16106 ELOISA BEHNKE MORTGAGE ORIGINATOR 52.04 X 215626 0 13583 3069920 0 239926 39 0 1 0 FISERV INC PO BOX 934057 ATLANTA GA 31193 PROVIDES FINANCIAL TECHNOLOGY 1597592 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 90074 PROVIDES FLEXIBLE BANKING CONNECTIONS 1505838 MASTER CARD 2000 PURCHASE ST PURCHASE NY 10577 CARD PAYMENT & ATM SERVICES 1454860 CORNERSTONE BUILDING CORP 720 4TH ST WATERVLIET NY 12189 CONSTRUCTION SERVICES 944942 BRANCHSERV BOX 8000 DEPARTMENT 912 BUFFALO NY 14267 SECURITY & BANKING AUTOMATION EQUIPMENT 575700 32 INTEREST ON LOANS 522100 33342520 33342520 OTHER OPERATING INCOM 522100 17853427 17853427 FEE INCOME 522100 8519273 8428487 90786 59715220 307356 307356 8115226 2478 226770 -2478 7888456 7885978 7885978 NON-OPERATING INCOME 522100 149552 149552 149552 68058106 59773986 90786 8193334 51000 5306118 1637661 16348285 524250 2302120 1255045 95648 105150 3718254 1007260 6009418 1514578 336187 373011 2329342 LOAN SERVICING EXPENSE 4435212 PROVISION FOR LOAN LOSS 4330000 OPERATING FEES 286032 MISC. OPERATING EXPENSE 56627 52021198 11548071 104199652 22857953 707213655 2887926 39473585 13196375 0 26277210 4477457 81375 0 40565911 0 920109210 7013208 18799 9719735 0 831512962 0 848264704 X 0 0 0 0 0 71844506 0 71844506 0 920109210 X 16036908 55807598 X 0 0 0 5581233 5581233 18531573 4010071 14521502 384931 305753 79178 14216788 8864301 5352487 759060 16250 742810 26277210 NON-TRADING DERIVATIVE LIABILITY 277109 SHARE DRAFT 197618647 REGULAR SHARES 314478715 MONEY MARKET SHARES 132766317 SHARE CERTIFICATES 138141045 IRA ACCOUNTS 20386539 OTHER SHARES 801590 NONMEMBER DEPOSITS 27043000 831512962 X 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 INCOME FROM THE CUSO, ORGANIZED AS AN LLC, FLOWS THROUGH TO THE CREDIT UNION AND, THEREFORE, IS NOT SUBJECT TO FEDERAL AND STATE INCOME TAXES. 1 TROY REHABILITATION & IMPROVEMENT PROGRAM 415 RIVER ST TROY NY 12180 141503655 501(C)(3) 10000 2020 ANNUAL SPONSORSHIP CAPITAL REGION CHAMBER FOUNDATION 5 COMPUTER DR SOUTH ALBANY NY 12205 141736856 501(C)(3) 16000 2020 ENTREPENEUR BOOT CAMP SPONSORSHIP SUNMARK CHARITABLE COMMUNITY FOUNDATION 1187 TROY SCHENECTADY RD LATHAM NY 12110 473713204 501(C)(3) 25000 ANNUAL GOLF SPONSORSHIP 3 PART I, LINE 2: FOR ALL GRANTS/ASSISTANCE, WE TRACK OUR ANNUAL SPEND AND THE RECIPIENTS IN OUR BUDGET SPREADSHEETS, WHICH ARE MAINTAINED BY THE SUNMARK MARKETING TEAM, AND REVIEWED AND UPDATED REGULARLY. WE HAVE A STANDARD PROCESS FOR AWARDING FUNDS. FIRST, ALL RECIPIENTS MUST SERVE A POPULATION WITHIN OUR 14-COUNTRY CHARTER AREA. NEXT, FUNDS MUST BE USED TO SUPPORT FINANCIAL LITERACY/EDUCATION AND/OR IMPROVE THE QUALITY OF LIFE FOR THOSE IN NEED. FINALLY, SPONSORSHIPS AT THIS LEVEL MUST ALSO SERVE TO PROMOTE SUNMARK IN SOME CAPACITY, INCLUDING BRANDING/AWARENESS/RECOGNITION, ALONG WITH THE ABILITY FOR SUNMARK EMPLOYEES TO PARTICIPATE IN A VOLUNTEER AND/OR NETWORKING CAPACITY. ALL REQUESTS RECEIVED ARE CAREFULLY REVIEWED BY SUNMARK'S COMMUNITY ENGAGEMENT PROGRAM MANAGER AND CHIEF MARKETING OFFICER. IN TERMS OF ELIGIBILITY - IF THEY CLAIM NONPROFIT STATUS WE DO VERIFY THAT BY EITHER HAVING THEM SEND THEIR W9 OR THROUGH WWW.CHRARITIESNYS.COM WHICH HAS ALL REGISTERED NONPROFITS. SUNMARK IS NOT HELD TO ONLY FUNDING NONPROFIT REQUESTS BUT THE MAJORITY ARE SO WE VERIFY THAT THEY'VE PROPERLY FILED FOR THAT STATUS. X X X X 0 1 0 FRANK DEGRAW PRESIDENT/CEO 335291 0 50000 0 37524 0 7384 0 27330 0 457529 0 0 0 ELIZABETH JACOBSEN BUSINESS DEVELOPMENT ORIGINATOR 43417 0 348767 0 273 0 0 0 28561 0 421018 0 0 0 LINDSAY TEDESCO MORTGAGE ORIGINATOR 49462 0 336825 0 174 0 8550 0 16988 0 411999 0 0 0 AMANDA ST GEORGE MORTGAGE ORIGINATOR 68039 0 297374 0 129 0 7435 0 8671 0 381648 0 0 0 BRYAN DELEHANTY EVP/CFO 204400 0 52078 0 5436 0 5255 0 26199 0 293368 0 0 0 ANTOINETTE LEBRON EVP/COO 183813 0 38896 0 7326 0 6784 0 10371 0 247190 0 0 0 DARRYL ENFIELD VP/CIO 168198 0 36694 0 5799 0 2083 0 16988 0 229762 0 0 0 ELOISA BEHNKE MORTGAGE ORIGINATOR 84217 0 131288 0 121 0 4912 0 8671 0 229209 0 0 0 JASON SOLGHAN BUSINESS DEVELOPMENT ORIGINATOR 54384 0 161434 0 161 0 3661 0 8671 0 228311 0 0 0 ALISSA SYKES SVP/CHIEF GROWTH OFFICER 138711 0 40047 0 16082 0 5850 0 19190 0 219880 0 0 0 MARY KAY JANDREW VP/HR 115381 0 28895 0 29284 0 5001 0 11371 0 189932 0 0 0 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 EVP/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 WHIH HAS FINAL APPROVAL. COMPENSATION FOR ALL OTHER KEY EMPLOYEES IS DETERMINED BY THE PRESIDENT/CEO USIN 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: EQUITY PRIOR TO STATE CHARTERED CHANGE 58,514,598. CHANGE IN OTHER COMPREHENSIVE INCOME -2,709,489. CHANGE IN MISC. EQUITY 2,490. ROUNDING -1. HORIZON SERVICE ORGANIZATION LLC 1187 TROY SCHENECTADY ROAD LATHAM NY 12110 HOLDING COMPANY FOR SUNMARK INVESTMENT IN CUSO ENTITIES NY 282 1038478 SUNMARK CREDIT UNION SIS INSURANCE & FINANCIAL LLC 1187 TROY SCHENECTADY ROAD LATHAM NY 12110 INSURANCE SERVICES NY 1045786 171083 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