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Merger between Firstmark CU and Southside CU Results in an $810 Million in Assets CU Serving 93,000 Members
Thursday, November 7, 2013 6:50 AM

The merger between San Antonio-based Firstmark CU and Southside CU has been finalized, and operational integration is expected to be completed by Dec. 1. The merger has resulted in an $810 million in assets credit union now serving 93,000 members.  

Leon Ewing, president and CEO of Firstmark CU, 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 CU.

Both credit unions have a long and rich tradition within San Antonio. Firstmark was chartered in 1932 as the San Antonio Teachers CU 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.