Firstmark Credit Union

Last updated
Firstmark Credit Union
Type Credit union
Industry Financial services
PredecessorSan Antonio Teachers Credit Union
Founded1932
Headquarters San Antonio, Texas, United States
Key people
Donald Pinson,
Chairman
Nathanael Tarwasokono,
President/Chief Executive Officer
Mike Grundon,
SVP/Chief Financial Officer
Priscilla Navarro-Fox,
SVP/Interim - Chief Risk Officer
Gregg Thorne,
SVP/Chief Alliance Officer
Danny Smith,
SVP/Chief Experience Officer
ProductsPersonal and Commercial Account Services, Checking, Credit cards, Consumer loans, Commercial loans, Home loans, Savings, Investments, Financial planning, Online banking
Total assets US$1.1 billion
Number of employees
246
Website firstmarkcu.org

Firstmark Credit Union (formerly San Antonio Teachers Credit Union) is a federally insured, state-chartered, member-owned, not-for-profit financial cooperative. The credit union was founded by educators in 1932, and changed its name to Firstmark Credit Union in October 2002. [1] Serving over 100,000 [2] members and managing assets of more than the US $1 billion, [3] the Credit Union is the fourth largest in San Antonio, Texas’. [4] With eleven financial centers (including the acquisition of Southside Credit Union and St. Joseph's Credit Union), the Credit Union offers a full range of financial products and services, both personal and commercial. Firstmark Credit Union is community-chartered. Membership is open to anyone who lives, works, worships or attends school in include all counties contiguous to Bexar County and Gillespie County. Under new field of membership, Firstmark has grown full community membership from 8 counties to 21 counties; Kerr County, which is contiguous to Gillespie County, is being added as the one county where Firstmark did not previously have any field of membership included in its bylaws. These new membership qualifications make it easier for individuals in these communities to become members of Firstmark Credit Union.

Contents

Firstmark Credit Union is insured by the National Credit Union Administration (NCUA), an Equal Housing Lender and a member of the Better Business Bureau. [5]

Mergers and acquisitions

Southside Credit Union(2013). [6] Southside Credit Union was chartered in 1996 and largely focused on servicing members in the southern communities of San Antonio. Firstmark Credit Union acquired Southside in November 2013 to develop and strengthen their relationships with members throughout south San Antonio. With the merger, members of these communities were able to take advantage of the expanded products and services available, technology, and larger ATM network. Firstmark also gained 3 additional financial centers through the expansion. [7]

St.Joseph's Credit Union (2015). [8] St. Joseph’s Credit Union was chartered in 1933 to support the catholic communities in San Antonio, Del Rio, and Fredericksburg. Firstmark acquired St. Joseph’s in 2015, expanding Firstmark’s member base and helping the credit union achieve over $1 billion in assets. The merger provided St. Joseph’s with the additional resources needed to help ensure its members had access to the recent advances in technology services, cybersecurity, a larger ATM network, and an expansion in products and services. [9]

Membership Qualifications

Below are the Firstmark Member qualification requirements:

CountyQualifications
Atascosa, Bandera, Bexar, Blanco, Comal, Crockett, Edwards, Gillespie, Guadalupe, Kendal, Kerr, Kimble, Kinney, Llano, Mason, Medina, Maverick, Sutton, Terrell, Val Verde, WilsonMust live, work, attend school, or worship in county
Dimmit, Frio, LaSalle, McMullen, ZavalaCurrent or retired educator or student

In addition to those included above, the groups below are also eligible for membership with Firstmark Credit Union:

All relatives of those listed above are also eligible for membership.

Community involvement

Credit Unions for Kids. [10] Since 1987, Firstmark Credit Union, along with other local credit unions, have supported a fundraising program called Credit Unions for Kids (CUFK) that benefits The Children's Hospital of San Antonio in partnership with the Children's Miracle Network. Through their many years of partnership, Firstmark has donated more than $1,000,000 total to CUFK through various fundraising and community events. [11]

SA Reads. [12] Firstmark Credit Union is a partner of SAReads which is a project of Literacy San Antonio. Each summer, SAReads holds a citywide book drive where book banks across the city, including Firstmark branches, collect donations and then distribute the items collected to schools, learning centers and non-profits throughout the community. In addition to supporting the annual drive, Firstmark had donated a 2,000 square foot space at one of their branches to serve as an SA Reads program office and book bank. [13]

Academic Planners. At the start of each school year, Firstmark distributes academic planners to educators and academic office staffs. The planners are distributed to school districts, parochial, private and charter schools throughout San Antonio and surrounding counties, as well as Fredericksburg. As a result of the 2020 pandemic, Firstmark held its first-ever contactless curbside event and distributed over 60,000 academic planners. [14]

Educator and Student Scholarships. Each year, Firstmark Credit Union awards fifteen $1,000 Frank Price and Helen Shipman Cunningham scholarships to outstanding high school seniors. [15] In 2007, the credit union also contributed $5,000 towards the Northeast Lakeview College Scholarship Fund. [16]

Recognition

Best Places To Work. [17] Firstmark Credit Union was named a “2020 Best Places to Work” by the San Antonio Business Journal. This award is based on a survey that measures employee feedback regarding the organization’s culture and employee engagement.

Resilience in Business Awards. [18] In 2020, the San Antonio Business Journal recognized companies who found new ways to be a positive force for their community despite the challenges during the Covid-19 pandemic. Firstmark Credit Union was among those honored for the first-ever Resilience In Business Awards.

Services Provided

Financial Centers

Firstmark Credit Union currently has 11 financial centers throughout the regions they serve.

Year EstablishedFinancial CenterAddress
July 1989Culebra7200 Culebra Road
May 1980Gulfdale - Permanently closed10730 Gulfdale St.
July 1992Huebner8960 Huebner Road
January 1995Mission1440 S. E. Military Drive
December 1997Jefferson122 Donaldson
July 2001O’Connor11530 North IH 35
January 2003Gold Canyon - Corporate Office Only2023 Gold Canyon
August 2007Bandera - Permanently closed8826 Bandera Rd.
Spring 2008Zarzamora6927 S. Zarzamora St.
September 2009DeZavala - Permanently closed12822 IH 10
August 2011Alamo Ranch10911 Culebra Rd.
November 2013Southwest Military - Permanently closed3401 SW Military Drive
December 2013Potranco10610 Potranco Road
May 2014Bitters2600 North Loop 1604 W
December 2015Fredericksburg610 W. Main St.
April 2021Legacy2103 North Loop 1604 E

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References

  1. ↑ "San Antonio Teachers CU becomes Firstmark CU". cutimes.com. cutimes.com. Retrieved 2021-05-22.
  2. ↑ "Firstmark Credit Union". iBanknet.com. iBanknet.com. Retrieved 2016-09-01.
  3. ↑ "Firstmark Credit Union". iBanknet.com. iBanknet.com. Retrieved 2016-09-01.
  4. ↑ "Find a Credit Union". NCUA.gov. National Credit Union Administration . Retrieved 2009-09-04.
  5. ↑ "BBB Business Review". bbb.org. Better Business Bureau . Retrieved 2011-03-17.
  6. ↑ "Firstmark Credit Union Reaches Major Milestone Managed Assets Surpass $1 Billion During Fourth Quarter 2015". San Antonio Hispanic Chamber of Commerce. Retrieved 2016-09-14.
  7. ↑ "Firstmark Credit Union and Southside Credit Union Complete Merger". Firstmark Credit Union. Retrieved 2016-09-14.
  8. ↑ "San Antonio credit unions merge". mySA.com. December 2015. Retrieved 2016-09-14.
  9. ↑ "Fourth largest SA credit union acquires competitor, gains downtown branches". San Antonio Business Journal. Retrieved 2016-09-14.
  10. ↑ "Children's Hospital Of San Antonio". ChildrensMiracleNetwork.org. Retrieved 2021-05-24.
  11. ↑ "Firstmark Credit Union achieves $1 million fundraising milestone with Credit Unions for Kids". CUInsight. Retrieved 2021-05-22.
  12. ↑ "SA Reads". literacysanantonio.com. Retrieved 2009-09-15.
  13. ↑ "City-wide book drive seeks 100,000 donations". MySA.com. 21 June 2012. Retrieved 2016-09-14.
  14. ↑ "Firstmark Credit Union donates more than 60,000 academic planners to San Antonio educators". News4SA. Retrieved 2021-05-21.
  15. ↑ "Firstmark Credit Union Awards $15,000 in Annual Scholarships". PR Web. Retrieved 2021-05-24.
  16. ↑ "Firstmark Credit Union Contributes $5,000 to Northeast Lakeview College Scholarship Fund". www.accd.edu. Archived from the original on 2008-09-06. Retrieved 2009-09-24.
  17. ↑ "Firstmark Credit Union is Officially a "Best Place to Work"". PR Web. Retrieved 2021-05-14.
  18. ↑ "SABJ presents the inaugural Resilience in Business Awards honorees". San Antonio Business Journal. Retrieved 2021-01-25.

See also

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