Firstmark Credit Union has announced that it surpassed $1 Billion in managed assets during the fourth quarter of 2015. “This achievement marks an important milestone in our strategy to expand our membership and strengthen the communities we serve,” said Firstmark Credit Union Chairman of the Board, Donald Pinson.
“The goal to reach $1 Billion was actually set in motion several years ago by [former President/CEO] Leon Ewing,” Pinson added. “We are especially proud to have it realized prior to his retirement at the end of last year.”
Firstmark recently announced the hiring of Nathanael Tarwasokono as its new President and CEO. “Firstmark experienced remarkably healthy, sustainable growth under the leadership of Leon Ewing,” said Tarwasokono.
“Today, as a billion dollar organization, we now have greater efficiencies and additional resources to serve our members and greater community.”
Over the past two years, the Credit Union has added five new branches (including one in nearby Fredericksburg, TX) and grown to serve more than 100,000 members. Two mergers have also contributed to Firstmark’s growth. In 2013, Southside Credit Union merged into Firstmark, bringing more than 3,000 members and over $20 million in assets.
More recently St. Joseph’s Credit Union has merged into Firstmark Credit Union. That merger added over 6,000 members and over $40 million in assets.
“The continuous growth that Firstmark has experienced gives our members confidence that our credit union is financially strong and well-positioned for future expansion,” said Tarwasokono. “I’m excited to be part of this milestone in Firstmark’s history. I’m looking forward to building on this momentum and leading us forward to a promising future.”