2012-10-15T16:40:39-05:00 2010-12-31 PADGETT STRATEMANN & CO LLP 100 NE LOOP 410 SUITE 1100 SAN ANTONIO TX 78216 990 2010-01-01 740879805 FIRSTMARK CREDIT UNION FIRS 2103428484 PO BOX 701650 SAN ANTONIO TX 78270 ANDREW APPLE 2103428484 2011-11-03 1 JOSIE BEHREND 2108286281 2010 2016-02-24 21:20:13Z X LEON EWING PO BOX 701650 SAN ANTONIO TX 78270 55678578 0 X WWW.FIRSTMARKCU.ORG X 1932 TX IN 2010,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. 11 11 346 12 0 -102779 0 0 49929729 45394447 987591 -171847 0 0 50917320 45222600 52023 59198 0 0 13198983 14469668 0 0 0 32754864 29840118 46005870 44368984 4911450 853616 708154572 687961962 36034164 9254972 672120408 678706990 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 45394447 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 0 0 0 0 0 0 1 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 1 19518 0 1 346 1 1 1 0 0 0 0 0 X 11 11 0 0 0 0 1 1 0 1 1 0 1 1 1 1 0 0 0 1 1 0 1 1 X ANDREW APPLE 2103428484 2023 GOLD CANYON SAN ANTONIO TX 78232 RONALD CORDES 1.00 X 0 0 0 RODOLFO PENA 1.00 X 0 0 0 JAMES MUIR 1.00 X 0 0 0 KYLE FRIESENHAHN 1.00 X 0 0 0 JOYCE CHAMBERLAIN 1.00 X 0 0 0 REDELL ERVIN 1.00 X 0 0 0 IGNACIO OROZCO 1.00 X 0 0 0 DONALD PINSON 1.00 X 0 0 0 CLAIRE COLEMAN 1.00 X 0 0 0 LUCILLE HERNDON 1.00 X 0 0 0 RONALD KYLE 1.00 X 0 0 0 LEON EDWARD EWING 50.00 X 292940 0 110444 JESUS MARTINEZ 50.00 X 154462 0 50018 ANDREW APPLE 50.00 X 151412 0 14136 GREGG THORNE 50.00 X 118690 0 17011 DAWN SLOANS 50.00 X 112084 0 29520 FRED HAGERMAN 50.00 X 118215 0 10422 DONALD JONES 50.00 X 101384 0 642 BRAD MELEY 50.00 X 111088 0 8291 1160275 0 240484 8 0 1 0 SMITH PROTECTION SECURITY PO BOX 82649 DALLAS TX 75380 SECURITY GUARD 548091 BRACEWELL & GIULIANI LLP 106 S ST MARYS ST STE 800 SAN ANTONIO TX 78205 ATTORNEYS 277423 COMPUTER SOLUTIONS PO BOX 1847 SAN ANTONIO TX 78297 TECHNICAL SUPPORT 242612 ONLINE RESOURCE CORP PO BOX 630139 BALTIMORE MD 21263 TECHNICAL SUPPORT 237890 CUSTOMER STREAM 2101 REXFORD RD STE 300W CHARLOTTE NC 28211 CASH MANAGEMENT SUPPORT 180490 11 PERSONAL LOANS 522100 17199301 17199301 OTHER OPERATING INCOME 522100 11589100 11589100 MEMBERSHIP LOANS 522100 8046231 8046231 REAL ESTATE LOANS 522100 5698517 5698517 INVESTMENT INCOME 522100 3529761 3529761 -668463 -668463 45394447 10243513 40618 10452207 3771 -208694 36847 -171847 -171847 45222600 45394447 0 -171847 53698 5500 1298727 10588259 418579 1274218 889885 386763 3871365 1473749 2987043 2289050 289416 7435433 1620563 9873 PROVISION FOR LOAN LOSS 5867665 NCUA STABILIZATION EXPE 1586049 LOAN SERVICING 1529766 ASSOCIATION DUES & SUBS 382694 MISC OPERATING EXPENSE 37157 73532 44368984 9749835 11274539 1871035 3127201 496197531 475270241 1047090 1146481 38195562 17445290 21341077 20750272 159009779 149241673 18938225 27151555 708154572 687961962 6864940 6561687 26395024 2774200 2693285 36034164 9254972 X 0 0 0 0 672120408 678706990 672120408 678706990 708154572 687961962 X 853616 5732966 X X 0 1 1 X 0 3895470 3895470 17369962 5382522 11987440 2081029 788812 1292217 14849101 11273956 3575145 20750272 AVAILABLE FOR SALE - SEC'S 111426699 F CASH ACCOUNTS/CD'S 34459497 C GOV'T SECURITIES 3354224 C MISCELLANEOUS 1253 C 149241673 DIVIDENDS PAYABLE 516540 OTHER LIABILITIES 2176745 2693285 45222600 44368984 853616 5732966 5732966 6586582 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THERE IS NO FOOTNOTE TO THE ORGANIZATION'S LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48. PART XI, LINE 8 - OTHER ADJUSTMENTS: INCREASE IN MEMBERS DEPOSITS 5,839,428. GAIN/LOSS BOOK TO TAX DIFFERENCE -106,462. 1 SAN ANTONIO AREA FOUNDATION 110 BROADWAY SUITE 230 SAN ANTONIO TX 78205 746065414 501(C)(3) 10000 SCHOLARSHIPS EDUCATOR AWARDS 10 5000 FMV N/A OTHER INFORMATION: PART IV: 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. 1 X X X X 0 1 0 LEON EDWARD EWING 292940 0 0 0 0 0 0 0 110444 0 403384 0 0 0 JESUS MARTINEZ 154462 0 0 0 0 0 0 0 50018 0 204480 0 0 0 ANDREW APPLE 151412 0 0 0 0 0 0 0 14136 0 165548 0 0 0 PART I, LINE 4B THE FOLLOWING INDIVIDUALS PARTICIPATE IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: L. EWING; G. THORNE; F. HAGERMAN; J. MARTINEZ; D. SLOANS; A. APPLE; AND D. JONES LEON EWING FMCU - CEO TBLG BOARD MEMBER N/A 0 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. THE ORGANIZATION IS IN PROCESS OF IMPLEMENTING A CONFLICT OF INTEREST POLICY FOR THE BOARD OF DIRECTORS FOR FUTURE YEARS. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: INCREASE IN MEMBERS DEPOSITS 5,839,428. GAIN/LOSS BOOK TO TAX DIFFERENCE -106,462. TOTAL TO FORM 990, PART XI, LINE 5: 5,732,966. FORM 990, PART XI, LINE 2A, AUDITED FINANCIAL STATEMENTS AND REPORTING: FINANCIAL STATEMENTS ARE AUDITED FOR THE FISCAL YEAR ENDING JUNE 30, 2011 AND 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 - PROCESS HAS NOT CHANGED. AS NOTED PREVIOUSLY, ORGANIZATION FINANCIAL STATEMENTS ARE AUDITED FOR THE FISCAL YEAR ENDED JUNE 30, 2011 AND THE RETURN IS FILED ON A CALENDAR YEAR. PART X, LINE 32, CHANGE IN NET ASSETS: TOTAL CHANGE IN NET ASSETS IS $6,586,582 WHICH INCLUDES REVENUE LESS EXPENSE INCREASE OF $853,616 REPORTED ON FORM 990, PAGE 1; BOOK/TAX DIFFERENCE ON SALE OF ASSETS AND INVESTMENTS OF ($106,462); AND AN INCREASE IN MEMBER DEPOSITS OF $5,839,428. AMENDED RETURN: THE 2010 TAX RETURN WAS AMENDED DUE TO ITS RELATED TAXABLE ENTITY AND TO ADD A HIGHEST COMPENSATED EMPLOYEE THAT WAS INADVERTENTLY EXCLUDED FROM THE ORIGINALLY FILED TAX RETURN. THE FOLLOWING PARTS AND SCHEDULES OF THE FORM 990 WERE CHANGED: * PART IV, LINE 34 - CHANGED ANSWER TO YES * PART VI, SECTION B, LINE 12B - CHANGED ANSWER TO NO * PART VI, SECTION B, LINE 16A - CHANGED ANSWER TO YES * PART VI, SECTION B, LINE 16B - CHANGED ANSWER TO YES * PART VII, SECTION A, COLUMN A - INCLUDED HIGHEST COMPENSATED EMPLOYEE * PART VII, SECTION A, COLUMN D - UPDATED REPORTABLE COMPENSATION * PART VII, SECTION A, COLUMN F - UPDATED NONTAXABLE BENEFITS * SCHEDULE O - INCLUDED EXPLANATION FOR PART VI, SECTION B, LINE 12B * SCHEDULE R - INCLUDED TAXABLE ENTITY FMCU FINANCIAL GROUP LLC 2023 GOLD CANYON DRIVE SAN ANTONIO TX 78232 273191658 CREDIT UNION SERVICE ORGANIZATION TX FIRSTMARK CREDIT UNION C -5464 98828 1.00000 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0