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Nonprofit · EIN 74-0879805

FIRSTMARK CREDIT UNION

Tax-exempt · SAN ANTONIO, TX 78232

Financials

$75.1M$72.7M2023$71.3M$70.2M2024
Revenue Expenses · by fiscal year end
Financials of FIRSTMARK CREDIT UNION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$71,306,267$70,206,287$1,099,980$1,180,376,412$1,089,513,614$90,862,798
December 31, 2023990$75,060,064$72,698,806$2,361,258$1,199,200,708$1,114,581,445$84,619,263
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$57,689,856
Investment income
$13,616,411
Net gain from sales of assets
$1,110,766
Other revenue
$0

Expenses

Grants and similar amounts paid
$42,632
Compensation of officers, directors and key employees
$1,538,817
Other salaries and wages
$16,486,613
Salaries, compensation and benefits (total)
$22,874,096
Professional fundraising fees
$0
Legal fees
$1,809
Accounting fees
$210,822
Occupancy
$2,814,838
Depreciation
$2,753,955
Program services (functional)
$70,206,287

Balance sheet and other

Total assets, start of year
$1,199,200,708
Total assets, end of year
$1,180,376,412
Total liabilities, end of year
$1,089,513,614
Net assets, end of year
$90,862,798
Land, buildings and equipment
$38,249,975
Publicly traded securities
$301,287,779
Gross unrelated business income
$126,675
Gross receipts
$82,210,070
Employees
306
Year formed
1932
State of legal domicile
TX

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.

NameTitleHours / weekCompensationOther / benefits
GREGG THORNEINTERIM CEO
Officer
45$535,093$26,333
MICHAEL GRUNDONCFO
Officer
45$249,441$24,359
STEVE MOTTCOO
Officer
45$226,438$14,826
LAURA WARDCRO
Officer
45$215,128$22,108
RICHARD DANNY SMITHCLO
Officer
45$204,096$20,995
RICK NELSONVP OF RETAIL
Highest-paid employee
45$182,169$19,387
ANDREW DENONCOURVP INNOVATIO
Highest-paid employee
45$168,120$19,766
VERONICA TERANVP OF ACCOUN
Highest-paid employee
45$170,117$17,422
MATTHEW STIEFERVP OF IT
Highest-paid employee
45$165,256$10,326
MARK LEITAVP COMP & LE
Highest-paid employee
45$147,982$18,064
DONALD PINSONCHAIRMAN
Trustee or director, Officer
5$0$0
MATTHEW RALPHVICE CHAIR
Trustee or director, Officer
5$0$0
KYLE FRIESENHAHNSECRETARY
Trustee or director, Officer
5$0$0
RODOLFO PENATREASURER
Trustee or director, Officer
5$0$0
IGNACIO OROZCO JRDIRECTOR
Trustee or director
5$0$0
4 more people on this return
NameTitleHours / weekCompensation
CLARE COLEMANDIRECTOR
Trustee or director
5$0
DONALD JONES JRDIRECTOR
Trustee or director
5$0
ERICKA OLIVAREZADVISORY DIR
Trustee or director
5$0
LLOYD VERSTUYFTADVISORY DIR
Trustee or director
5$0
990 for the year ended December 31, 2023: 22 people
NameTitleHours / weekCompensationOther / benefits
NATHANAEL TARWASOKONOPRESIDENT/CE
Officer
45$500,578$27,948
MICHAEL GRUNDONCFO
Officer
45$346,426$23,914
GREGG THORNECAO
Officer
45$288,881$26,130
RICHARD DANNY SMITHCHIEF EXP OF
Officer
45$215,208$22,589
LAURA WARDCRO
Officer
45$202,164$20,583
VERONICA TERANVP OF ACCOUN
Highest-paid employee
45$169,023$18,480
RICK NELSONVP OF BUS PA
Highest-paid employee
45$168,699$18,271
ANDREW DENOCOURVP PRODUCT D
Highest-paid employee
45$160,237$18,560
MARK LEITAVP COMP & LE
Highest-paid employee
45$146,843$17,132
DAVID PUENTEDIRECTOR MTG
Highest-paid employee
45$142,073$17,569
MARY LEONARDICPO
Officer
45$51,686$5,336
DONALD PINSONCHAIRMAN
Trustee or director, Officer
5$0$0
MATTHEW RALPHVICE CHAIR
Trustee or director, Officer
5$0$0
KYLE FRIESENHAHNSECRETARY
Trustee or director
5$0$0
RODOLFO PENATREASURER
Trustee or director, Officer
5$0$0
IGNACIO OROZCO JRDIRECTOR
Trustee or director, Officer
5$0$0
CLARE COLEMANDIRECTOR
Trustee or director
5$0$0
DONALD JONES JRDIRECTOR
Trustee or director
5$0$0
ERICKA OLIVAREZADVISORY DIR
Trustee or director
5$0$0
LLOYD VERSTUYFTADVISORY DIR
Trustee or director
5$0$0
REDELL ERVINFMR DIRECTOR
Trustee or director
5$0$0
BRIAN GOTTARDYFMR ADV DIRE
Trustee or director
5$0$0

Address and contacts

Address (IRS master file)
2023 GOLD CANYON RD, SAN ANTONIO, TX 78232-1703
Principal officer (990 for 2024)
GREGG THORNE, 2023 GOLD CANYON DRIVE, SAN ANTONIO, TX 78232
Signed the 990
GREGG THORNE, INTERIM CEO
Phone
(210) 342-8484
Return prepared by
SCHWARTZ COLE AND ASSOCIATES LLC

Mission

SEE SCHEDULE O

990 for the year ended December 31, 2024

Program accomplishments

  • 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

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
74-0879805
Tax-exempt status
501(c)(14): State-chartered credit union
Donations deductible
No
Exempt since
1976
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,180,376,412
Income (IRS master file)
$82,210,070

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$71,306,267$70,206,287$1,180,376,412IRS
990December 2023$75,060,064$72,698,806$1,199,200,708XML
990December 2022$60,165,832$54,389,298$1,229,028,062IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 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 74-0879805).

Questions about FIRSTMARK CREDIT UNION

What is the EIN of FIRSTMARK CREDIT UNION?
The employer identification number (EIN) of FIRSTMARK CREDIT UNION is 74-0879805.
Is FIRSTMARK CREDIT UNION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1976.
Are donations to FIRSTMARK CREDIT UNION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does FIRSTMARK 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 FIRSTMARK 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 FIRSTMARK 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 FIRSTMARK CREDIT UNION?
The 990 for the year ended December 31, 2024 names GREGG THORNE.
Who are the officers and directors of FIRSTMARK CREDIT UNION?
The 990 for the year ended December 31, 2024 lists 19 people; 10 received compensation from the organization, the highest $535,093 (GREGG THORNE, INTERIM CEO).
How much revenue does FIRSTMARK CREDIT UNION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $71,306,267, expenses of $70,206,287 and total assets of $1,180,376,412 at year end.

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