FOR MORE INFORMATION, CONTACT
Fred Hagerman, CMO Marketing/Public Relations
Firstmark Credit Union
(210) 341-9602, ext. 10110
Firstmark Credit Union and Southside Credit Union Complete Merger
** Merger creates new $810 million credit union serving 93,000 members throughout Bexar and surrounding counties **
San Antonio, TX – Nov. 1, 2013 – Firstmark Credit Union (Firstmark) and Southside Credit Union (Southside) announced today that the merger between their two credit unions has been finalized. Operational integration will be completed by December 1, 2013. The merger has been approved by the National Credit Union Administration (NCUA) and the Texas Credit Union Department.
Leon Ewing, President/CEO of Firstmark Credit Union, will continue to lead the combined organization. A veteran of the credit union industry with more than four decades of experience, Ewing has been CEO of Firstmark since 1984. “This strategic partnership will provide even greater access to our credit union’s services on the south side of San Antonio – a part of our proactive efforts to expand our presence and further strengthen our commitment to this community,” said Ewing.
With the completion of the merger, Firstmark will have three locations on the south side of San Antonio to better serve members. “We realized this partnership with Firstmark would be an excellent opportunity to bring our members so much more with expanded products and services and the added convenience of more branches, technology, and an extensive surcharge-free ATM network,” said Don Vinez, President/CEO of Southside Credit Union.
Both credit unions have a long and rich tradition within San Antonio. Firstmark was chartered in 1932 as the San Antonio Teachers Credit Union to support the financial needs of teachers and administrators from the San Antonio Independent School District. Southside was chartered in 1996 to offer quality financial services to members in the southern geographic areas of San Antonio.
About Firstmark Credit Union
Firstmark Credit Union provides financial services to anyone who lives, works, worships or attends school in Bexar County, as well as education-related employees in Bexar County and the 12 surrounding counties; and their relatives. Established in 1932, the Credit Union serves over 93,000 members and manages more than $810 million in assets. For more information, go to firstmarkcu.org.