Overview
What is Sunmark Credit Union?
Sunmark Credit Union, located in Latham, New York, is a trusted financial institution offering various lending programs to cater to the financing needs of its members. These offerings include mortgages, vehicles, commercial loans, credit cards, and personal loans. In 2022, the credit union granted over 46,000 low-interest rate loans, totaling more than $530 million. Members can easily apply for financing through Sunmark's online platform, branch locations, or member service center. Sunmark goes beyond financial services, hosting workshops to educate members on topics like budgeting, managing debt, and home buying. The credit union aims to enrich its members' lives by providing tailored financial products, education, and services that help them achieve their financial goals. The organization employs a team of 352 individuals dedicated to fostering financial growth and stability for its valued members.
Official website here: www.sunmark.org
What are the reviews and ratings of this charity?
Sunmark Credit Union is not currently rated by Charity Navigator. This absence of a rating does not suggest a positive or negative assessment but indicates that the organization has yet to be evaluated by Charity Navigator due to its non-501(c)(3) status. Historical ratings from Charity Navigator typically focus on Accountability and Finance, but for organizations like Sunmark Credit Union, evaluation under their methodology is not feasible.
The inability to evaluate Sunmark Credit Union using Charity Navigator’s methods highlights a limitation shared by many nonprofits that don't fit the 501(c)(3) classification. This leads to a lack of publicly available financial or management data that might otherwise provide insights into the organization’s operations and effectiveness. Registered as an independent organization, Sunmark Credit Union does not fall under the assessments for Impact & Measurement, Culture & Community, or Leadership & Adaptability seen with other nonprofit evaluations.
No user reviews for Sunmark Credit Union are available on GreatNonprofits, which leaves a gap in community feedback about their services and impact. Consequently, potential members and stakeholders might have to rely on other sources of information or personal experiences to ascertain the credit union’s reputation and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Sunmark Credit Union legitimate?
Sunmark Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Sunmark Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,432,217
Professional Fundraising Fees: $0
Other Salaries and Wages: $18,237,350
For more financial information, click here
Official website here: www.sunmark.org
What is the mission statement of Sunmark Credit Union?
Sunmark Credit Union is dedicated to enriching the lives of its members by providing them with a range of financial solutions. This includes financial products, education, and services tailored to help members achieve their financial goals. Sunmark offers various lending programs, such as mortgages, vehicle loans, commercial loans, credit cards, and personal loans. In 2022, the credit union granted over 46,000 low-interest rate loans, totaling more than $530 million. Members can conveniently apply for financing through the credit union's online platform, branch locations, or member service center. Sunmark acts as an advocate for its members and hosts workshops to educate them on topics like budgeting, managing debt, and home buying.
Official website here: www.sunmark.org
Who is the CEO of Sunmark Credit Union?
Frank Degraw is the President/Ceo of Sunmark Credit Union. The CEO's salary of Sunmark Credit Union is $544,800 and their total compensation is $732,155.
Official website here: www.sunmark.org
What is the revenue of Sunmark Credit Union?
Sunmark Credit Union's revenue in 2022 was $62,452,442.
Official website here: www.sunmark.org
Who are the executives of Sunmark Credit Union and what are their salaries?
The average compensation at Sunmark Credit Union during 2022 was $58,720. There are 352 employees and 17 volunteers at Sunmark Credit Union.
Here are 27 key members and their salaries (Sunmark Credit Union's CEO's salary is $544,800 and their total compensation is $732,155):
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Compensation: $0
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- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $544,800
- Related: $0
- Other: $187,355
- Compensation: $254,749
- Related: $0
- Other: $85,945
- Compensation: $210,932
- Related: $0
- Other: $54,465
- Compensation: $53,053
- Related: $0
- Other: $59,247
- Compensation: $203,906
- Related: $0
- Other: $9,804
- Compensation: $205,832
- Related: $0
- Other: $7,003
- Compensation: $195,149
- Related: $0
- Other: $8,412
- Compensation: $167,295
- Related: $0
- Other: $11,783
- Compensation: $163,591
- Related: $0
- Other: $8,896
- Compensation: $173,056
- Related: $0
- Other: $21,619
- Compensation: $141,896
- Related: $0
- Other: $34,867
- Compensation: $166,434
- Related: $0
- Other: $8,575
- Compensation: $162,592
- Related: $0
- Other: $7,528
- Compensation: $153,355
- Related: $0
- Other: $7,746
- Compensation: $152,528
- Related: $0
- Other: $8,101
Official website here: www.sunmark.org
Where can I find the form 990 for Sunmark Credit Union?
Sunmark Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sunmark.org
Learn more at the official website: www.sunmark.org
Mission Statement of Sunmark Credit Union
Sunmark Credit Union, a trusted financial partner, aims to enrich the lives of its members by providing them with tailor-made financial products, education, and services. This mission creates value for Sunmark's members, who seek financial solutions to achieve their goals.
Sunmark Credit Union offers a diverse range of lending programs designed to address the financing needs of its members. These products encompass mortgages, vehicles, commercial loans, credit cards, and personal loans. During the year 2022, the credit union extended over 46,000 low-interest rate loans, amounting to more than $530 million. Members can easily access financing through various channels, including applying online, visiting one of Sunmark's branch locations, or contacting the Member Service Center.
As strong advocate for its members, Sunmark Credit Union hosts educational workshops to help them manage their finances effectively. These sessions cover topics such as budgeting, managing debt, and the home buying process. By empowering its members with financial knowledge, Sunmark Credit Union contributes to their overall financial well-being and enables them to make informed decisions.
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Impact
October, 2024
Sunmark Credit Union significantly enriches the lives of its members by offering a wide range of financial solutions tailored to meet their needs. With a commitment to facilitating access to credit, the credit union granted over 46,000 low-interest loans amounting to more than $530 million in 2022 alone. These loans encompass various types, including mortgages, vehicle financing, commercial loans, credit cards, and personal loans, providing members with diverse options for their financial journeys.
Convenience is a hallmark of Sunmark's service, with members able to apply for financing online, visit any of their 16 branch locations, or contact the member service center directly. Beyond lending, Sunmark serves as a proactive advocate for its members by offering educational workshops on essential financial topics such as budgeting, debt management, and home buying. This comprehensive approach not only addresses immediate financial needs but also empowers members with the knowledge to achieve their longer-term financial goals, ultimately creating lasting value in the community.
This information is meant to be a general summary of Sunmark Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,515,835
- Program Service Revenue: $59,976,152
- Gross Receipts: $133,242,355
Assets and Liabilities:
- Total Assets: $1,121,756,722
- Total Liabilities: $1,037,211,765
- Net Assets: $84,544,957
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$39,588,185
FEE INCOME
Revenue
$12,257,462
OTHER OPERATING INCOM
Revenue
$8,130,505
Organization Details
Founding Year
1937
Phone
(866) 786-6275Principal Officer
Frank Degraw
Main Address
1187 TROY SCHENECTADY ROAD, LATHAM, NY, 12110
Website
www.sunmark.orgNTEE Category
Code: W61 - Public benefit
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