Nonprofit · EIN 14-1364933
SUNMARK CREDIT UNION
Tax-exempt · LATHAM, NY 12110
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $78,480,506 | $72,671,788 | $5,808,718 | $1,145,184,782 | $1,048,544,640 | $96,640,142 |
| December 31, 2023 | 990 | $72,882,778 | $67,569,889 | $5,312,889 | $1,157,564,809 | $1,067,888,408 | $89,676,401 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $74,440,799
- Investment income
- $4,094,058
- Net gain from sales of assets
- $1,348,903
- Other revenue
- -$54,351
Expenses
- Grants and similar amounts paid
- $72,500
- Benefits paid to members
- $17,921,193
- Compensation of officers, directors and key employees
- $2,499,310
- Other salaries and wages
- $16,939,954
- Salaries, compensation and benefits (total)
- $24,880,843
- Professional fundraising fees
- $0
- Legal fees
- $120,594
- Accounting fees
- $204,569
- Occupancy
- $1,961,420
- Travel
- $386,923
- Depreciation
- $2,633,139
Balance sheet and other
- Total assets, start of year
- $1,157,564,809
- Total assets, end of year
- $1,145,184,782
- Total liabilities, end of year
- $1,048,544,640
- Net assets, end of year
- $96,640,142
- Land, buildings and equipment
- $25,278,817
- Gross unrelated business income
- $85,876
- Gross receipts
- $141,012,288
- Employees
- 320
- Volunteers
- 17
- Year formed
- 1937
- State of legal domicile
- NY
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 |
|---|---|---|---|---|
| JERILEE BEAUDOIN | PRESIDENT/CEO Officer | 40 | $442,279 | $34,864 |
| VIKAS MUKTAVARAM | EVP/CFO Officer | 40 | $332,280 | $26,991 |
| DARRYL ENFIELD | CHIEF INFORMATION OFFICER Key employee | 40 | $245,165 | $72,415 |
| PAUL KELLY | CHIEF PEOPLE OFFICER Key employee | 40 | $261,162 | $48,619 |
| FRANK DEGRAW | FORMER PRESIDENT/CEO Officer | 40 | $302,392 | $6,161 |
| MICHAEL MATHUSA | AVP OF SIS AND LSA Highest-paid employee | 40 | $204,051 | $28,521 |
| JOHN PRIVIDERA | MEMBER EXPERIENCE OFFICER Key employee | 40 | $217,934 | $6,421 |
| AMBER COOLEEN | VP OF MARKETING Key employee | 40 | $191,523 | $27,766 |
| JOHN NOLAN | AVP OF IT Highest-paid employee | 40 | $163,799 | $53,136 |
| ANTHONY LIGUORI | SENIOR P & C PRODUCER Highest-paid employee | 40 | $162,984 | $39,762 |
| DAWN DONOVAN | VP OF OPERATIONS Highest-paid employee | 40 | $152,973 | $36,173 |
| MELISSA SAVAGE | VP MORTGAGE LENDING Key employee | 40 | $152,905 | $27,484 |
| JAYANT SINGH | VP BUSINESS SERVICES Highest-paid employee | 40 | $152,967 | $18,690 |
| JOHANNA ROBBINS | CHIEF FINANCIAL OFFICER Officer | 40 | $95,546 | $2,126 |
| KRISTEN MYERS | CHAIRPERSON Trustee or director, Officer | 1 | $3,404 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JENNIE GLIHA | DIRECTOR Trustee or director | 1 | $958 |
| BRIAN HUGICK | SECRETARY Trustee or director, Officer | 1 | $865 |
| AMY JOHNSON | DIRECTOR Trustee or director | 1 | $50 |
| MATT CUSACK | TREASURER Trustee or director, Officer | 1 | $0 |
| MATT RHODES | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| DAN HEIM | DIRECTOR Trustee or director | 1 | $0 |
| PARKER POWELL | DIRECTOR Trustee or director | 1 | $0 |
| TONY CARDONA | DIRECTOR Trustee or director | 1 | $0 |
| SETH STONE | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 27 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FRANK DEGRAW | PRESIDENT/CEO Officer | 40 | $536,457 | $8,492 |
| JOHANNA ROBBINS | CHIEF FINANCIAL OFFICER Officer | 40 | $282,576 | $3,852 |
| VIKAS MUKTAVARAM | CRO Key employee | 40 | $259,244 | $0 |
| JERILEE BEAUDOIN | CHIEF LENDING OFFICER Officer | 40 | $237,348 | $5,518 |
| PAUL KELLY | CHIEF HUMAN RESOURCES OFFI Key employee | 40 | $229,424 | $2,783 |
| DARRYL ENFIELD | CHIEF INFORMATION OFFICER Key employee | 40 | $220,881 | $2,049 |
| ANTOINETTE LEBRON | EVP/COO Officer | 40 | $220,152 | $1,678 |
| MICHAEL MATHUSA | AVP OF SIS AND LSA Highest-paid employee | 40 | $196,010 | $6,122 |
| AMBER COOLEEN | CHIEF MARKETING OFFICER Key employee | 40 | $174,798 | $4,845 |
| CHRIS TANTAKIS | VP MEMBER RELATIONS Key employee | 40 | $170,838 | $3,907 |
| KAREN RODICK | CHIEF AUDIT EXECUTIVE Key employee | 40 | $157,701 | $4,236 |
| DAWN DONOVAN | VP OF OPERATIONS Key employee | 40 | $152,984 | $4,454 |
| JOHN NOLAN | AVP OF IT Highest-paid employee | 40 | $152,238 | $4,684 |
| JAYANT SINGH | VP BUSINESS SERVICES Key employee | 40 | $152,859 | $2,478 |
| ANTHONY LIGUORI | SENIOR PROPERTY AND CASUALTY INS PRODUCER Highest-paid employee | 40 | $150,841 | $2,393 |
| MELISSA SAVAGE | VP MORTGAGE LENDING Highest-paid employee | 40 | $146,468 | $4,396 |
| ANDREW J RUBINO | MORTGAGE ORIGINATOR Highest-paid employee | 40 | $146,801 | $3,094 |
| ED AIDALA | TREASURER Trustee or director, Officer | 1 | $3,215 | $0 |
| MATT CUSACK | SECRETARY Trustee or director, Officer | 1 | $1,683 | $0 |
| BRIAN HUGICK | ASSOCIATE MEMBER Trustee or director | 1 | $1,553 | $0 |
| RALPH LEBARRON | DIRECTOR Trustee or director | 1 | $1,495 | $0 |
| DAWN DOHERTY | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| KRISTEN MYERS | VICE CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| AMY JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAN HEIM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PARKER POWELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATT RHODES | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1187 TROY SCHENECTADY RD, LATHAM, NY 12110-1086
- In care of
- % MICHELLE PIERCE
- Principal officer (990 for 2024)
- JERILEE BEAUDOIN, 1187 TROY SCHENECTADY ROAD, LATHAM, NY 12110
- Signed the 990
- VIK MUKTAVARAM, CFO
- Phone
- (866) 786-6275
- Website
- WWW.SUNMARK.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
CREATING VALUE TO ENRICH THE LIVES OF OUR MEMBERS BY PROVIDING FINANCIAL PRODUCTS, EDUCATION AND SERVICES TAILORED TO MEET THEIR FINANCIAL GOALS.
Program accomplishments
- SUNMARK CREDIT UNION OFFERS A VARIETY OF LENDING PROGRAMS DESIGNED TO MEET THE FINANCING NEEDS OF OUR MEMBERS. THESE PRODUCTS INCLUDE: MORTGAGES, VEHICLES, COMMERCIAL, CREDIT CARDS AND PERSONAL LOANS. DURING 2024, THE CREDIT UNION GRANTED OVER 36,000 LOW INTEREST RATE LOANS TOTALING MORE THAN $217 MILLION. SUNMARK MAKES IT CONVENIENT FOR MEMBERS TO OBTAIN FINANCING BY APPLYING ONLINE, VISITING ONE OF OUR 16 BRANCH LOCATIONS, OR CALLING OUR MEMBER SERVICE CENTER. AS MEMBER ADVOCATES, SUNMARK OFFERS WORKSHOPS TO EDUCATE MEMBERS ON TOPICS SUCH AS: BUDGETING, MANAGING DEBT, AND HOME BUYING WORKSHOPS.
- SUNMARK CREDIT UNION OFFERS VARIOUS DEPOSIT PRODUCTS TO SUPPORT THE FINANCIAL HEALTH AND WELL-BEING OF EACH MEMBER. THESE PRODUCTS PROVIDE COMPETITIVE DIVIDEND RATES, 24/7 ACCESS TO FUNDS AND EASY TRANSFER OPTIONS. WE OFFER MOBILE BANKING, DEBIT CARDS, ACCESS TO NEARLY 30,000 ATMS AND 5,000 PLUS SHARED BRANCHING LOCATIONS ACROSS THE COUNTRY. SUNMARK SERVES OVER 89,000 MEMBERS IN 14 COUNTIES IN THE CAPITAL DISTRICT AND HUDSON VALLEY REGION OF NEW YORK.
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
- 14-1364933
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W61)
- Assets (IRS master file)
- $1,145,184,782
- Income (IRS master file)
- $141,012,288
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $78,480,506 | $72,671,788 | $1,145,184,782 | XML |
| 990 | December 2023 | $72,882,778 | $67,569,889 | $1,157,564,809 | XML |
| 990 | December 2022 | $62,452,442 | $58,231,926 | $1,121,756,722 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 14-1364933).
Questions about SUNMARK CREDIT UNION
- What is the EIN of SUNMARK CREDIT UNION?
- The employer identification number (EIN) of SUNMARK CREDIT UNION is 14-1364933.
- Is SUNMARK CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 2021.
- Are donations to SUNMARK CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SUNMARK 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 SUNMARK 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 SUNMARK 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 SUNMARK CREDIT UNION?
- The 990 for the year ended December 31, 2024 names JERILEE BEAUDOIN.
- Who are the officers and directors of SUNMARK CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 24 people; 18 received compensation from the organization, the highest $442,279 (JERILEE BEAUDOIN, PRESIDENT/CEO).
- How much revenue does SUNMARK CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $78,480,506, expenses of $72,671,788 and total assets of $1,145,184,782 at year end.
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