Totals
- Total revenue
- $71,306,267
- Total expenses
- $70,206,287
- Contributions and grants received
- $0
- Grants paid
- $42,632
- Program service revenue
- $57,689,856
- Investment income
- $13,616,411
- Other revenue
- $0
- Total assets, end of year
- $1,180,376,412
- Total liabilities, end of year
- $1,089,513,614
- Net assets or fund balances, end of year
- $90,862,798
- Program services expenses (Part IX)
- $70,206,287
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: PERSONAL LOANS
total $21,225,253 · related or exempt $21,225,253
-
2b · Program service revenue: OTHER OPERATING INCOME
total $16,788,927 · related or exempt $16,788,927
-
2c · Program service revenue: REAL ESTATE LOANS
total $10,438,447 · related or exempt $10,438,447
-
2d · Program service revenue: MEMBER BUSINESS LOANS
total $4,619,091 · related or exempt $4,619,091
-
2e · Program service revenue: CREDIT CARD LOANS
total $4,491,463 · related or exempt $4,491,463
-
2f · All other program service revenue
total $126,675 · unrelated business $126,675
-
3 · Investment income
total $12,505,645 · related or exempt $12,505,645
-
7a · Gross sales of assets other than inventory
securities $7,616,523 · other assets $4,398,046
-
7b · Less cost or other basis and sales expenses
securities $7,000,000 · other assets $3,903,803
-
7c · Gain or loss
securities $616,523 · other assets $494,243
-
7d · Net gain or loss
total $1,110,766 · related or exempt $1,110,766
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $42,632 · program services $42,632
-
5 · Compensation of officers, directors and key employees
total $1,538,817 · program services $1,538,817
-
7 · Other salaries and wages
total $16,486,613 · program services $16,486,613
-
9 · Other employee benefits
total $3,489,636 · program services $3,489,636
-
10 · Payroll taxes
total $1,359,030 · program services $1,359,030
-
11b · Fees: legal
total $1,809 · program services $1,809
-
11c · Fees: accounting
total $210,822 · program services $210,822
-
11f · Fees: investment management
total $224,270 · program services $224,270
-
11g · Fees: other
total $4,372,089 · program services $4,372,089
-
12 · Advertising and promotion
total $2,365,008 · program services $2,365,008
-
13 · Office expenses
total $4,746,425 · program services $4,746,425
-
16 · Occupancy
total $2,814,838 · program services $2,814,838
-
19 · Conferences, conventions and meetings
total $218,577 · program services $218,577
-
20 · Interest
total $15,593,260 · program services $15,593,260
-
22 · Depreciation, depletion and amortization
total $2,753,955 · program services $2,753,955
-
23 · Insurance
total $264,904 · program services $264,904
-
24a · Other expenses: PROVISION FOR LOAN LOSS
total $5,569,119 · program services $5,569,119
-
24b · Other expenses: LOAN SERVICING
total $3,866,840 · program services $3,866,840
-
24c · Other expenses: DATA PROCESSING
total $3,836,223 · program services $3,836,223
-
24d · Other expenses: ALL OTHER EXPENSES
total $242,730 · program services $242,730
-
24e · All other expenses
total $208,690 · program services $208,690
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $13,241,733 · end of year $12,434,219
-
4 · Accounts receivable
beginning of year $15,888,423 · end of year $15,216,173
-
5 · Loans and receivables from officers and key people
beginning of year $19,037,352 · end of year $8,188,476
-
7 · Other notes and loans receivable
beginning of year $652,618,453 · end of year $701,406,253
-
9 · Prepaid expenses and deferred charges
beginning of year $2,797,705 · end of year $2,430,411
-
10a · Land, buildings and equipment: cost or other basis
$64,188,347
-
10b · Land, buildings and equipment: accumulated depreciation
$25,938,372
-
10c · Land, buildings and equipment, net
beginning of year $41,463,990 · end of year $38,249,975
-
11 · Investments: publicly traded securities
beginning of year $354,398,622 · end of year $301,287,779
-
12 · Investments: other securities
beginning of year $69,895,418 · end of year $69,895,418
-
15 · Other assets
beginning of year $29,859,012 · end of year $31,267,708
-
17 · Accounts payable and accrued expenses
beginning of year $7,130,168 · end of year $5,254,532
-
23 · Secured mortgages and notes payable
beginning of year $75,886,609 · end of year $34,348,609
-
25 · Other liabilities
beginning of year $1,031,564,668 · end of year $1,049,910,473
-
31 · Retained earnings, endowment or other funds
beginning of year $84,619,263 · end of year $90,862,798
Mission and programs · 2024
Mission
SEE SCHEDULE O
Activities or mission (Part I)
TO HELP PEOPLE TO BETTER THEIR LIVES AND BUSINESSES.
-
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
As filed on the 2024 return.
Listed in Part VII
-
Donald PinsonDONALD PINSON
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 5
-
Matthew RalphMATTHEW RALPH
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Kyle FriesenhahnKYLE FRIESENHAHN
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Rodolfo PenaRODOLFO PENA
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Ignacio Orozco JrIGNACIO OROZCO JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Clare ColemanCLARE COLEMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Donald Jones JrDONALD JONES JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Ericka OlivarezERICKA OLIVAREZ
ADVISORY DIR
- Total calculated
- $0
- Hours/week
- 5
-
Lloyd VerstuyftLLOYD VERSTUYFT
ADVISORY DIR
- Total calculated
- $0
- Hours/week
- 5
-
Gregg ThorneGREGG THORNE
INTERIM CEO
- Total calculated
- $561,426
- From this org
- $535,093
- From related orgs
- $0
- Other
- $26,333
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $503,890
- Bonus
- not reported
- Other
- $31,203
- Deferred
- $11,538
- Nontaxable benefits
- $14,795
- Filer's total
- $561,426
-
Michael GrundonMICHAEL GRUNDON
CFO
- Total calculated
- $273,800
- From this org
- $249,441
- From related orgs
- $0
- Other
- $24,359
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $247,715
- Bonus
- not reported
- Other
- $1,726
- Deferred
- $14,624
- Nontaxable benefits
- $9,735
- Filer's total
- $273,800
-
Steve MottSTEVE MOTT
COO
- Total calculated
- $241,264
- From this org
- $226,438
- From related orgs
- $0
- Other
- $14,826
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $224,713
- Bonus
- not reported
- Other
- $1,725
- Deferred
- $10,796
- Nontaxable benefits
- $4,030
- Filer's total
- $241,264
-
Richard Danny SmithRICHARD DANNY SMITH
CLO
- Total calculated
- $225,091
- From this org
- $204,096
- From related orgs
- $0
- Other
- $20,995
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $202,886
- Bonus
- $711
- Other
- $499
- Deferred
- $6,433
- Nontaxable benefits
- $14,562
- Filer's total
- $225,091
-
Laura WardLAURA WARD
CRO
- Total calculated
- $237,236
- From this org
- $215,128
- From related orgs
- $0
- Other
- $22,108
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $213,744
- Bonus
- not reported
- Other
- $1,384
- Deferred
- $12,796
- Nontaxable benefits
- $9,312
- Filer's total
- $237,236
-
Rick NelsonRICK NELSON
VP OF RETAIL
- Total calculated
- $201,556
- From this org
- $182,169
- From related orgs
- $0
- Other
- $19,387
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $180,563
- Bonus
- $1,421
- Other
- $185
- Deferred
- $10,895
- Nontaxable benefits
- $8,492
- Filer's total
- $201,556
-
Veronica TeranVERONICA TERAN
VP OF ACCOUN
- Total calculated
- $187,539
- From this org
- $170,117
- From related orgs
- $0
- Other
- $17,422
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $166,171
- Bonus
- $3,554
- Other
- $392
- Deferred
- $8,183
- Nontaxable benefits
- $9,239
- Filer's total
- $187,539
-
Andrew DenoncourANDREW DENONCOUR
VP INNOVATIO
- Total calculated
- $187,886
- From this org
- $168,120
- From related orgs
- $0
- Other
- $19,766
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $167,950
- Bonus
- not reported
- Other
- $170
- Deferred
- $10,090
- Nontaxable benefits
- $9,676
- Filer's total
- $187,886
-
Matthew StieferMATTHEW STIEFER
VP OF IT
- Total calculated
- $175,582
- From this org
- $165,256
- From related orgs
- $0
- Other
- $10,326
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $162,187
- Bonus
- $2,843
- Other
- $226
- Deferred
- $9,718
- Nontaxable benefits
- $608
- Filer's total
- $175,582
-
Mark LeitaMARK LEITA
VP COMP & LE
- Total calculated
- $166,046
- From this org
- $147,982
- From related orgs
- $0
- Other
- $18,064
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $147,655
- Bonus
- not reported
- Other
- $327
- Deferred
- $8,840
- Nontaxable benefits
- $9,224
- Filer's total
- $166,046
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
SPONSORSHIP
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
FIRSTMARK CREDIT UNION FOUNDATION
501C3 · CHARITY · TX · controlled entity
Directly controlled by FM CU FM CU
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
FMCU FINANCIAL GROUP LLC
C CORP · CUSO · TX · 100% owned · share of income $8,071 · share of assets $797,023 · controlled entity
Directly controlled by FMCU
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 4 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202533109349302253
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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