Firstmark Credit Union

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Firstmark Credit Union
Credit union
Industry Financial Services
Predecessor San Antonio Teachers Credit Union
Founded 1932
Headquarters San Antonio, Texas, United States
Key people
Donald Pinson,
Nathanael Tarwasokono,
President/Chief Executive Officer
Mike Grundon,
SVP/Chief Financial Officer
Gregg Thorne ,
SVP/Chief Lending Officer
Wendy Beswick ,
SVP/Chief Retail Officer

Personal and Commercial Account Services, Checking, Credit cards, Consumer loans, Commercial loans, Mortgage loans, Insurance, Savings, Investments, Financial planning, online banking

FMCU Financial Group, LLC [1] [2]
Total assets US$1 billion [3]
Number of employees
311 [4]

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 US$1 billion,[3] the Credit Union is the fourth largest in San Antonio, Texas’.[4] With sixteen 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, attends school in Bexar County. Educators, students and their families, in the following 12 surrounding counties are also eligible: Atascosa, Bandera, Comal, Dimmit, Frio, Guadalupe, Kendall, La Salle, McMullen, Medina, Wilson, and Zavala.

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

Mergers & Acquisitions[edit]

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 branches 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]

Community involvement[edit]

Credit Unions for Kids.[10] Since 1987, Firstmark Credit Union, along with other local credit unions, have supported a fund raising program called Credit Unions for Kids (CUFK) that benefits The Children's Hospital of San Antonio in partnership with the Children's Miracle Network.[11] [5] Through their many years of partnership, Firstmark has donated more than $900,000 total to CUFK through various fundraising and community events. [12]

SA Reads.[13] Firstmark Credit Union is a partner of SAReads which is a project of Literacy San Antonio. Each summer, SAReads holds a city-wide 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 donated a 2,000 square foot space at one of their branches to serve as an SA Reads program office and book bank. [14]

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, private schools, colleges, universities, and after-school programs throughout San Antonio and the 12 surrounding counties, as well as Fredericksburg. The planners feature the entire academic calendar with space for additional notes and include important holidays each month. [15]

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; ten $500 scholarships for classroom use to elementary, middle, and high school teachers.[16] In 2007, the credit union also contributed $5,000 towards the Northeast Lakeview College Scholarship Fund.[17]

Firstmark Credit Union supports many other community organizations including: San Antonio Lighthouse of the Blind,[18][19] San Antonio Youth Centers/YouthBuild San Antonio,[20] United Way Days of Caring,[21] and San Antonio Parks Foundation and Friends of the Parks.[22] [23]


  1. ^ "PEOPLE, PLACES & THINGS…". Texas Credit Union League. Retrieved 2009-09-22. 
  2. ^ "Firstmark Credit Union". Retrieved 2016-09-01. 
  3. ^ "Firstmark Credit Union". Retrieved 2016-09-01. 
  4. ^ "Find a Credit Union". National Credit Union Administration. Retrieved 2009-09-04. 
  5. ^ "BBB Business Review". 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". Retrieved 2016-09-14. 
  9. ^ "Fourth largest SA credit union acquires competitor, gains downtown branches". San Antonio Business Journal. Retrieved 2016-09-14. 
  10. ^ "Sponsor Detail". Retrieved 2009-09-15. 
  11. ^ "Recognizing the 75th anniversary of Firstmark Credit Union in San Antonio.". Retrieved 2009-09-24. 
  12. ^ "Firstmark CU Sells Fiesta Medals for CUs for Kids.". Cornerstone Credit Union League. Retrieved 2016-09-14. 
  13. ^ "SA Reads". Retrieved 2009-09-15. 
  14. ^ "City-wide book drive seeks 100,000 donations". Retrieved 2016-09-14. 
  15. ^ "Firstmark Helps Schools with 85,000 Academic Planners". Cornerstone Leaguer. Retrieved 2016-09-14. 
  16. ^ "Annual Scholarships Awarded to Fifteen Area High School Seniors". PR Web. Retrieved 2016-09-01. 
  17. ^ "Firstmark Credit Union Contributes $5,000 to Northeast Lakeview College Scholarship Fund". Retrieved 2009-09-24. 
  18. ^ "Friends of SALB". Retrieved 2009-09-24. 
  19. ^ "Lighthouse Happenings". Retrieved 2009-09-24. 
  20. ^ "New SA Youthbuild Center expands program, receives donation". KENS 5 Staff. Archived from the original on August 20, 2009. Retrieved 2009-08-18. 
  21. ^ "Firstmark Credit Union Sponsors Second Annual Teen Volunteer Fair". United Way of San Antonio and Bexar County. Retrieved 2009-09-15. 
  22. ^ "Parks and Recreation Department - News Releases". City of San Antonio Parks and Recreation. Retrieved 2009-09-24. 
  23. ^ "Parks and Recreation Department - News Releases". San Antonio Parks Foundation. Retrieved 2009-09-24. 

See also[edit]