2016-09-28T14:20:13-05:00 2015-12-31 420714325 RSM US LLP 100 NE LOOP 410 SUITE 1100 SAN ANTONIO TX 78216 990 2015-01-01 740879805 FIRSTMARK CREDIT UNION FIRS 2103428484 PO BOX 701650 SAN ANTONIO TX 78270 NATHANAEL TARWASOKONO CEO 2103428484 2016-09-28 1 JOSIE BEHREND P00715390 2108286281 2015 2017-02-10 21:41:12Z NATHANAEL TARWASOKONO PO BOX 701650 SAN ANTONIO TX 78270 62246760 0 X WWW.FIRSTMARKCU.ORG X 1932 TX OUR MAIN OBJECTIVE WAS TO SEEK OPPORTUNITIES TO INVEST IN NEW PRODUCTS, SERVICES, AND APPLICATIONS TO THE CHANGING NEEDS OF FIRSTMARK CREDIT UNION'S EXPANDING MEMBERSHIP WELL INTO THE FUTURE. 1)CASH BACK CHECKING - GIVES MEMBERS $0.10 EVERY TIME THEY USE THEIR DEBIT CARD WITH A SIGNATURE, AS WELL AS REDUCING THE NUMBER OF CHECKING ACCOUNTS OFFERED FROM EIGHT TO TWO TO AVOID CONFUSION AND UNNECESSARY COMPLEXITY.2)ONLINE BANKING - A NEW RELEASE OF ONLINE BANKING WITH ADDED CAPABILITIES THAT MAKE THE ELECTRONIC BANKING EXPERIENCE EASIER. FIRSTMARK ALSO IMPLEMENTED A NEW LENDING PLATFORM FOR MEMBERS TO APPLY FOR LOANS DIRECTLY ONLINE,IMPROVING PROCESSING SPEED AND QUALITY.3)MOBILE BANKING - OUR MOBILE BANKING WEBSITE,MOBILE.FIRSTMARKCU.ORG,TO KEEP PACE WITH THE CONTINUED RISE OF MOBILE DATA PLANS.4)FMCU FINANCIAL GROUP,LLC - FORMING FMCU FINANCIAL GROUP, LLC, AN INDEPENDENT INSURANCE BROKER OFFERING MYRIAD INSURANCE PRODUCTS CONVENIENTLY AND COST-EFFECTIVELY TO OUR MEMBERS. 8 8 383 10 258909 -87812 0 0 53724295 57926432 -104548 1731397 0 0 53619747 59657829 82755 83468 0 0 18199826 18944068 0 0 0 26393256 29165954 44675837 48193490 8943910 11464339 905264248 1025663609 65912680 88978032 839351568 936685577 X 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 EMPLOYERS; AND BEING A RESPONSIBLE CORPORATE CITIZEN IN THE COMMUNITY. 0 0 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 EMPLOYERS; AND BEING A RESPONSIBLE CORPORATE CITIZEN IN THE COMMUNITY.DURING 2015, WE COMPLETED THE MERGER OF ST. JOSEPH'S CREDIT UNION AND WERE EXCITED TO EXTEND A WARM WELCOME TO OVER 5,600 NEW MEMBERS. THERE IS NOW OVER 103,000 MEMBERS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 16204 0 1 383 1 1 1 0 0 0 0 0 X 8 8 0 0 1 0 1 1 0 1 1 0 1 1 1 1 0 0 0 1 1 0 1 1 X NATHANAEL TARWASOKONO 2103428484 2023 GOLD CANYON SAN ANTONIO TX 78232 DONALD PINSON CHAIRMAN 1.00 X X 0 0 0 RODOLFO PENA VICE-CHAIRMAN 1.00 X X 0 0 0 IGNACIO OROZCO JR SECRETARY/TREASURER 1.00 X X 0 0 0 REDELL ERVIN DIRECTOR 1.00 X 0 0 0 CLARE COLEMAN DIRECTOR 1.00 X 0 0 0 KYLE FRIESENHAHN DIRECTOR 1.00 X 0 0 0 ANTHONY PETRI DIRECTOR 1.00 X 0 0 0 MATTHEW RALPH DIRECTOR 1.00 X 0 0 0 LEON EDWARD EWING PRESIDENT/CEO (RETIRED DEC. 2015) 50.00 X 471289 0 34466 NATHANAEL TARWASOKONO PRESIDENT/CEO (EFFECTIVE NOV. 2015) 50.00 X 33840 0 250 JESUS MARTINEZ SVP/COO 50.00 X 211939 0 120671 ANDREW APPLE SVP/CFO 50.00 X 184428 0 23606 GREGG THORNE SVP/CHIEF LENDING OFFICER 50.00 X 139824 0 30809 DAWN SLOANS SVP/CHRO 50.00 X 128376 0 36218 FRED HAGERMAN SVP CHIEF MARKETING OFFICER 50.00 X 102736 0 17919 DONALD JONES SVP CHIEF INFORMATION OFFICER 50.00 X 159773 0 39891 VERONICA TERAN VP FINANCE MANAGER 50.00 X 103898 0 11952 MICHAEL J POLIGALA VP LENDING 50.00 X 110472 0 18432 1646575 0 334214 9 0 1 0 SMITH PROTECTION SECURITY PO BOX 802649 DALLAS TX 753802649 SECURITY GUARD 862808 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 SOFTWARE 791011 Q2 SOFTWARE INC PO BOX 205970 DALLAS TX 753205970 SOFTWARE 748788 GOOGLE INC PO BOX 39000 SAN FRANCISCO CA 94139 TECHNOLOGY 280798 MICROSOFT CORPORATION 1950 N STEMMONS FWY STE 5010 DALLAS TX 75207 SOFTWARE 276560 25 PERSONAL LOANS 522100 18619433 18619433 OTHER OPERATING INCOME 522100 16583143 16324234 258909 REAL ESTATE LOANS 522100 7282528 7282528 CREDIT CARD LOANS 522100 5706312 5706312 OTHER COMPHREHENSIVE INCOME 522100 4600949 4600949 5134067 5134067 57926432 4320328 2588931 1731397 1731397 1731397 59657829 57667523 258909 1731397 X 78468 5000 1736035 13820855 931936 1338033 1117209 101333 5326330 1197034 3968665 3341914 324229 5497337 2030000 258132 PROVISION FOR LOAN LOSS 3870241 LOAN SERVICING 2306758 ASSOCIATION DUES & SUBS 746046 MISC OPERATING EXPENSE 115478 82457 48193490 10423034 9632084 4254416 4404293 649660877 745922986 2190216 2139856 47947454 19779808 27834516 28167646 187778112 215604204 23123077 19792540 905264248 1025663609 8474396 9122314 53045581 77059899 4392703 2795819 65912680 88978032 X 0 0 0 0 839351568 936685577 839351568 936685577 905264248 1025663609 X 11464339 85869670 X X 0 1 X 1 0 8700096 8700096 22671859 7429708 15242151 1825036 1414570 410466 14750463 10935530 3814933 28167646 AVAILABLE FOR SALE SECURITIES 175220964 F CASH ACCOUNTS/CD'S 40253362 C GOV'T SECURITIES 372 C MISCELLANEOUS 11852 C ASSET BACKED SECURITES 117654 C 215604204 DIVIDENDS PAYABLE 367860 OTHER LIABILITIES 2427959 2795819 1 SAN ANTONIO AREA FOUNDATION 110 BROADWAY SUITE 230 SAN ANTONIO TX 78205 746065414 501(C)(3) 15000 N/A N/A SCHOLARSHIPS CHILDREN'S HOSPITAL OF SAN ANTONIO FOUNDATION 100 NORTHEAST LOOP 410 SUITE 706 SAN ANTONIO TX 782164700 741224362 501(C)(3) 9951 N/A N/A SCHOLARSHIPS TEXAS SOCIETY FOR THE PRESERVATION OF ST JOSEPH'S HALL INC PO BOX 2046 FREDERICKSBURG TX 78624 452019790 501(C)(3) 5000 N/A N/A DONATIONS AMERICAN RED CROSS 2025 E STREET NW WASHINGTON DC 20006 530196605 501(C)(3) 5000 N/A N/A 2015 SPRING TORNADOES AND STORMS 4 0 EDUCATOR AWARDS 10 5000 FMV N/A PAGE 9, PART VIII, LINE 2 SCHOLARSHIP AWARDS ARE FUNDED BY THE SAN ANTONIO AREA FOUNDATION. TO BEGIN THE PROCESS 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. X X X 0 0 0 LEON EDWARD EWING PRESIDENT/CEO (RETIRED DEC. 2015) 430502 0 40787 0 0 0 18991 0 15475 0 505755 0 0 0 JESUS MARTINEZ SVP/COO 208064 0 3875 0 0 0 115460 0 5211 0 332610 0 0 0 ANDREW APPLE SVP/CFO 181152 0 3276 0 0 0 18437 0 5169 0 208034 0 0 0 GREGG THORNE SVP/CHIEF LENDING OFFICER 137176 0 2648 0 0 0 25746 0 5063 0 170633 0 0 0 DAWN SLOANS SVP/CHRO 125991 0 2385 0 0 0 31200 0 5018 0 164594 0 0 0 DONALD JONES SVP CHIEF INFORMATION OFFICER 156763 0 3010 0 0 0 39463 0 428 0 199664 0 0 0 LEON EWING CEO RETIRED DEC 2015 TBLG BOARD MEMBER 0 MR. EWING SERVES ON THE BOARD OF DIRECTORS FOR THE TEXAS BUSINESS LENDERS GROUP (TBLG). THE ORGANIZATION HAS TRANSACTIONS GREATER THAN $10,000 WITH TBLG. MR. EWING DOES NOT RECIEVE ANY PERSONAL BENEFIT FROM THESE TRANSACTIONS. 0 FORM 990, PART VI, SECTION A, LINE 4 IN 2015, THE BOARD OF DIRECTORS APPROVED AN AMENDMENT TO CREDIT UNION BYLAW SECTION 3.01 - FIELD OF MEMBERSHIP. THIS AMENDMENT ADDED THE ST. JOSEPH'S CREDIT UNION FIELD OF MEMBERSHIP ACQUIRED DURING THE MERGER COMPLETED ON OCTOBER 31, 2015. ALL CHANGES WERE APPROVED BY THE CREDIT UNION DEPARTMENT OF TEXAS. FORM 990, PART VI, SECTION A, LINE 6 THERE ARE NO CLASSES OF MEMBERS. THERE IS ONLY ONE TYPE OF MEMBER WITH THE SAME RIGHTS. FORM 990, PART VI, SECTION A, 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, PART VI, SECTION B, LINE 11 UPON COMPLETION OF FORM 990, THE CFO AND THE CEO WILL REVIEW IT AND DELIVER IT TO THE GOVERNING BODY FOR FINAL APPROVAL. FORM 990, PART VI, SECTION B, LINE 12B, CONFLICT OF INTEREST POLICY: 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 INSURING THAT ANY CONFLICTS OF INTERESTS ARE ADDRESSED APPROPRIATELY. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION SURVEY, BOARD APPROVAL AND WRITTEN EMPLOYMENT CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 FIRSTMARK CREDIT UNION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G DEBIT CARD EXPENSE 1,270,200. DATA PROCESSING 1,691,111. SHARE DRAFT EXPENSE 507,721. OTHER FEES 1,857,298. FORM 990, PART XI, LINE 9: INCREASE IN MEMBERS DEPOSITS 84,326,163. INCREASE IN REGULAR RESERVES 1,543,507. FORM 990, PART XII, LINE 2, AUDITED FINANCIAL STATEMENTS AND REPORTING: THE FINANCIAL STATEMENTS WERE AUDITED ON A CONSOLIDATED BASIS. FINANCIAL STATEMENTS ARE AUDITED FOR THE FISCAL YEAR ENDING JUNE 30, 2015 AND THE TAX RETURN IS FILED ON A CALENDAR YEAR BASIS. FORM 990, PART XI, LINE 2C, OVERSIGHT COMMITTEE RESPONSIBILITES: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. AS NOTED PREVIOUSLY, THE ORGANIZATION FINANCIAL STATEMENTS ARE AUDITED FOR THE FISCAL YEAR ENDED JUNE 30, 2015 AND THE TAX RETURN IS FILED ON A CALENDAR YEAR. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. FORM 990, PART I, LINE I, MISSION OR MOST SIGNIFICANT ACTIVITIES (CONT): OFFERING MORE - WE ALSO MADE GREAT STRIDES IN ENHANCED TECHNOLOGY, INNOVATIVE PRODUCTS, AND UNIQUE SERVICES TAILORED TO THE CHANGING NEEDS OF FIRSTMARK'S MEMBERSHIP. OUR FOCUS ON INTERNAL IMPROVEMENTS AND EFFICIENCIES ALLOWED US TO OFFER A NUMBER OF BENEFITS, INCLUDING: * VARIABLE CREDIT CARD: IMPLEMENTED AS AN ADDITIONAL PRODUCT TO PROVIDE A REWARD OR CASH-BACK CREDIT CARD OPTION. * ADA COMPLAINT ATMS: MET THE RECENT FEDERAL COMPLIANCE REQUIREMENTS; INCLUDED AN ADDITIONAL "SCREEN BLANKING," VOICE-QUIDED FEATURE THAT ENSURES PRIVACY FOR MEMBERS WHO USE AN OPTIONAL HEAD-SET. *ONLINE BUSINESS BANKING: TAILORED TO BUSINESS OWNERS, THIS NEW FEATURE OFFERS ONLINE BILL-PAY, FUNDS TRANSFER, AND AUTOMATED CLEARING HOUSE (ACH) FOR ORIGINATING PAYROLL OR OTHER PAYMENTS. *COMPUTER SYSTEMS VERIFICATION: SUCCESSFULLY COMPLETED CERTIFICATION CONFIRMING THE BACK-UP COMPUTER SYSTEM WILL SUPPORT OUR MEMBERSHIP IN THE EVENT OF A DISASTER. FORM 990, PART VI, SECTION A, LINE 1A: ADVISORY BOARD MEMBERS DO NOT HAVE VOTING RIGHTS. FMCU FINANCIAL GROUP LLC 2023 GOLD CANYON DRIVE SAN ANTONIO TX 78232 273191658 CREDIT UNION SERVICE ORGANIZATION TX FIRSTMARK CREDIT UNION C 47471 287141 1.00000 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0