Nonprofit · EIN 23-1357086
TRUMARK CREDIT UNION
Tax-exempt · FT WASHINGTON, PA 19034
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $198,106,084 | $179,234,336 | $18,871,748 | $3,353,079,309 | $3,092,631,923 | $260,447,386 |
| December 31, 2023 | 990 | $167,704,625 | $136,108,140 | $31,596,485 | $3,197,438,569 | $2,957,833,947 | $239,604,622 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $163,072,861
- Investment income
- $23,245,563
- Net gain from sales of assets
- $228,538
- Other revenue
- $11,787,660
Expenses
- Grants and similar amounts paid
- $140,041
- Compensation of officers, directors and key employees
- $5,618,591
- Other salaries and wages
- $36,057,379
- Salaries, compensation and benefits (total)
- $50,038,257
- Professional fundraising fees
- $0
- Legal fees
- $476,327
- Accounting fees
- $1,424,712
- Occupancy
- $6,060,828
- Travel
- $1,192,573
- Depreciation
- $4,059,090
Balance sheet and other
- Total assets, start of year
- $3,197,438,569
- Total assets, end of year
- $3,353,079,309
- Total liabilities, end of year
- $3,092,631,923
- Net assets, end of year
- $260,447,386
- Land, buildings and equipment
- $33,802,356
- Publicly traded securities
- $521,964,399
- Gross unrelated business income
- $94,380
- Gross receipts
- $214,917,105
- Employees
- 521
- Volunteers
- 15
- Year formed
- 1939
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KELLY M BOTTI | CEO Officer | 40 | $1,439,582 | $58,818 |
| VINCENT J MARKET | EVP Officer | 40 | $1,023,427 | $181,762 |
| DANIEL BREWIN | EVP Key employee | 40 | $479,109 | $59,610 |
| TUAN LE | AVP Highest-paid employee | 40 | $428,612 | $18,441 |
| STEVEN OLSON | EVP Key employee | 40 | $412,425 | $26,947 |
| KAREN SWEENEY | EVP Key employee | 40 | $399,310 | $31,472 |
| PATRICK O'HALLORAN | EVP Key employee | 40 | $342,682 | $60,214 |
| MARIANNE E DRUMM | EVP Key employee | 40 | $359,715 | $24,522 |
| DANA BROWN | EVP Key employee | 40 | $356,489 | $21,588 |
| GERRY DEVITA | 1ST VP Highest-paid employee | 40 | $284,281 | $31,070 |
| STEVEN ROSS | AVP Highest-paid employee | 40 | $278,993 | $32,869 |
| SUZANNE TOMASSIAN | 1ST VP Highest-paid employee | 40 | $275,654 | $30,742 |
| WOLFGANG HEIN | AVP Highest-paid employee | 40 | $236,366 | $11,800 |
| WAYNE J GOODWIN | TREASURER Trustee or director | 4 | $47,414 | $80 |
| SUZETTE E ADAMS | DIRECTOR Trustee or director | 4 | $47,393 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAMES P DEBOW | VICE PRESIDENT Trustee or director | 4 | $43,199 | $159 |
| KATHLEEN L WELLS | DIRECTOR Trustee or director | 4 | $39,795 | $0 |
| R TERENCE BRUNT | SECRETARY Trustee or director | 4 | $37,506 | $80 |
| DAVID A RUFIBACH | DIRECTOR Trustee or director | 4 | $34,864 | $0 |
| JOSEPH J BILY | DIRECTOR Trustee or director | 4 | $33,040 | $0 |
| RICHARD F STIPA | ASSOC. DIRECTOR (NON VOTING) Trustee or director | 4 | $32,623 | $159 |
| WILLIAM J DONEHOWER | DIRECTOR (BEGINNING 07/2024) Trustee or director | 4 | $31,608 | $0 |
| DANIEL L DILLARD | DIRECTOR Trustee or director | 4 | $31,096 | $0 |
| HUGH T BRAY | DIRECTOR Trustee or director | 4 | $30,000 | $0 |
| LEONARD V DOUGHTY III | PRESIDENT Trustee or director | 4 | $28,471 | $80 |
| JOSEPH J CIARANCA | DIRECTOR (ENDING 4/2024) Trustee or director | 4 | $6,000 | $0 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| VINCENT J MARKET | EVP Officer | 40 | $960,370 | $156,990 |
| KELLY M BOTTI | CEO Officer | 40 | $755,486 | $52,936 |
| STEVEN OLSON | SVP Key employee | 40 | $440,423 | $32,905 |
| KAREN SWEENEY | SVP Key employee | 40 | $433,821 | $29,145 |
| PATRICK O'HALLORAN | SVP Key employee | 40 | $382,717 | $55,160 |
| DANIEL BREWIN | SVP Key employee | 40 | $364,180 | $50,998 |
| MARIANNE E DRUMM | SVP Key employee | 40 | $346,640 | $14,210 |
| GERRY DEVITA | 1ST VP Highest-paid employee | 40 | $312,185 | $27,707 |
| TUAN LE | AVP Highest-paid employee | 40 | $290,210 | $15,583 |
| SUZANNE TOMASSIAN | 1ST VP Highest-paid employee | 40 | $276,403 | $25,638 |
| STEVEN ROSS | AVP Highest-paid employee | 40 | $216,502 | $27,573 |
| BENJAMIN FETTERMAN | 1ST VP Highest-paid employee | 40 | $219,142 | $20,501 |
| DAVID A RUFIBACH | DIRECTOR Trustee or director | 4 | $40,671 | $0 |
| KATHLEEN L WELLS | DIRECTOR Trustee or director | 4 | $39,795 | $0 |
| WAYNE J GOODWIN | TREASURER Trustee or director | 4 | $36,520 | $80 |
| DANIEL L DILLARD | DIRECTOR Trustee or director | 4 | $36,260 | $0 |
| SUZETTE E ADAMS | DIRECTOR Trustee or director | 4 | $35,949 | $0 |
| JAMES P DEBOW | VICE PRESIDENT Trustee or director | 4 | $33,517 | $159 |
| RICHARD F STIPA | ASSOCIATE DIRECTOR (NON-VOTING) Trustee or director | 4 | $33,397 | $0 |
| JOSEPH J BILY | DIRECTOR Trustee or director | 4 | $32,969 | $0 |
| R TERENCE BRUNT | SECRETARY Trustee or director | 4 | $32,766 | $80 |
| LEONARD V DOUGHTY III | PRESIDENT Trustee or director | 4 | $29,955 | $80 |
| HUGH T BRAY | DIRECTOR Trustee or director | 4 | $24,780 | $0 |
| JOSEPH J CIARANCA | DIRECTOR Trustee or director | 4 | $18,703 | $0 |
Address and contacts
- Address (IRS master file)
- 335 COMMERCE DR, FT WASHINGTON, PA 19034-2701
- Principal officer (990 for 2024)
- KELLY BOTTI, 335 COMMERCE DRIVE, FORT WASHINGTON, PA 19034
- Signed the 990
- VINCENT MARKET, EVP/CFO
- Phone
- (215) 953-5300
- Website
- WWW.TRUMARKONLINE.ORG
- Return prepared by
- RKL LLP
Mission
SEE SCHEDULE O FOR COMPLETE MISSION STATEMENT.
Program accomplishments
- CREDIT UNIONS ARE COOPERATIVE SAVINGS AND CREDIT ASSOCIATIONS INCORPORATED FOR THE PURPOSE OF PROMOTING THRIFT AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR SUCH MEMBERS AT REASONABLE RATES OF INTEREST AND PROVIDING AN OPPORTUNITY FOR ITS MEMBERS TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. THE CREDIT UNION SERVES APPROXIMATELY 146,000 MEMBERS WITHIN ITS FIELD OF MEMBERSHIP AS DEFINED BY THE CREDIT UNION'S CHARTER AND BYLAWS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-1357086
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1945
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 0885: CREDIT UNIONS CHARTERED IN THE STATE OF PENNSYLVANIA
- Assets (IRS master file)
- $3,353,079,309
- Income (IRS master file)
- $214,917,105
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $198,106,084 | $179,234,336 | $3,353,079,309 | XML |
| 990 | December 2023 | $167,704,625 | $136,108,140 | $3,197,438,569 | XML |
| 990 | December 2022 | $116,734,544 | $96,822,464 | $2,953,253,362 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-1357086).
Questions about TRUMARK CREDIT UNION
- What is the EIN of TRUMARK CREDIT UNION?
- The employer identification number (EIN) of TRUMARK CREDIT UNION is 23-1357086.
- Is TRUMARK CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1945.
- Are donations to TRUMARK CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does TRUMARK CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TRUMARK CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TRUMARK CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of TRUMARK CREDIT UNION?
- The 990 for the year ended December 31, 2024 names KELLY BOTTI.
- Who are the officers and directors of TRUMARK CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 26 people; 26 received compensation from the organization, the highest $1,439,582 (KELLY M BOTTI, CEO).
- How much revenue does TRUMARK CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $198,106,084, expenses of $179,234,336 and total assets of $3,353,079,309 at year end.
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