Freestone Credit Union

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Our Mission Statement:

 

Our Mission is to provide quality financial services to our members.  We are dedicated to providing loans at reasonable rates, promoting thrift and maintaining financial stability to safeguard the assets of Freestone Credit Union.  At the same time, we will offer these services with professionalism, integrity and innovation to provide for the individual needs of each member.  Although soundness and safety of operation is imperative, service in a cooperative spirit is vital.

Adopted by the Board of Directors

 November 26, 1992

Brief History

 

Freestone Credit Union  was chartered as the  B-RI Employees Credit Union December 1, 1952 by local workers of the Burlington-Rock Island Railroad.  The credit union office was located in the Ham Brothers Funeral Home.  The purchase of the first credit union office was October 27, 1964 as 40 feet of the old bank building located on Main Street.

 

On January 29, 1969 the credit union amended its field of membership to include the residents of Freestone County.  At that time the name was changed to Freestone Credit Union and the first full time paid manager was hired in December.

 

In 1983 a new building was built at 613 Main Street Teague, TX. Which added a drive-in window and two offices.  The field of membership was again changed to included the addition of residents of Limestone, Leon, Navarro, and Madison counties as well as the employees of the Burlington Northern Santa Fe Railroad.

 

In 2002 the existing building was remodeled and enlarged to include three drive-thru lanes, six offices, safe deposit boxes, a separate parking area, a board room, and work areas.

 

Freestone Credit Union is governed by a seven member board of Directors who serve staggered three year terms.  Each year the credit union has a meeting of the members to discuss the operations of the credit union, hear reports of the years operations, and select new directors.

 

 

Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government

 

 

 

National Credit Union Administration, a U.S. Government Agency

New Service!!!

 

The Business  Lending Source: A Simplified Approach

 

The Business Lending Source loan program from SWBC brings you access to funds when you need it most for your business.

· We use a select number of premier, nationwide commercial lenders.

· The combined lending programs offer the broadcast range of loan terms and property types in today’s market.

· A wide range of funds are available, from $5,000 to $50 million.