Firstmark Credit Union

Organization Overview

Firstmark Credit Union is located in San Antonio, TX. The organization was established in 1976. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2019, Firstmark Credit Union employed 318 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Firstmark Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2019, Firstmark Credit Union generated $59.4m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $51.4m during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Firstmark Credit Union has awarded 20 individual grants totaling $228,952. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

TO HELP PEOPLE TO BETTER THEIR LIVES AND BUSINESSES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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


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Board, Officers & Key Employees

Name (title)Compensation
Nathanael Tarwasokono
President/ce
$428,698
Sridhar Kondapalli
Cio
$273,224
Gregg Thorne
Cao
$218,763
Michael Grundon
CFO
$212,589
Dawn Sloans
Executive Di
$209,856
Tamika Baker
Cso
$189,673

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Albert Uresti Mpa Pcc
Tax Assessor
$837,337
Alamo Cleaning Services Group
Cleaning Svcs
$470,980
Smith Protective Services
Security Guards
$736,417
Q2 Software Inc
Software
$911,490
Jack Henry & Associates Inc
Software
$776,077
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$50,943,518
Investment income $7,672,428
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $829,972
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $59,445,918

Grants Awarded

Over the last fiscal year, Firstmark Credit Union has awarded $49,500 in support to 3 organizations.

Grant RecipientAmount

SAN ANTONIO AREA FOUNDATION

Org PageRecipient Profile

San Antonio, TX

PURPOSE: SCHOLARSHIPS

$20,000

NORTHSIDE EDUCATION FOUNDATION

Org PageRecipient Profile

San Antonio, TX

PURPOSE: SPONSORSHIP

$19,500

CHILDRENS HOSPITAL OF SAN ANTONIO

Org PageRecipient Profile

San Antonio, TX

PURPOSE: DONATIONS

$10,000
View Grant Profile

Peer Organizations

Organization NameAssets
Ttcu Federal Credit Union
Tulsa, OK
$107,654,707
Credit Union Of Texas
Allen, TX
$92,923,025
First Community Credit Union Of Houston
Houston, TX
$78,841,838
Texas Trust Credit Union
Arlington, TX
$71,525,575
Firstmark Credit Union
San Antonio, TX
$59,445,918
First Service Credit Union
Houston, TX
$51,399,270
State Chartered Credit Unions In Louisiana
Baton Rouge, LA
$48,572,194
Neighborhood Credit Union
Dallas, TX
$51,652,385
Fort Worth Community Credit Union
Bedford, TX
$47,287,563
Velocity Credit Union
Austin, TX
$51,540,286
United Heritage Credit Union
Austin, TX
$48,829,880
Intouch Credit Union
Plano, TX
$42,962,924

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