Our Mission and History
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.
Freestone Credit Union was chartered as the B-RI Employees Credit Union on 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.
Our credit union amended its field of membership on January 29, 1969 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.
The main branch of FCU was built at our current location of 613 Main Street in Teague in 1983, which added a drive-through window and two offices. The field of membership was again changed in January of 1989 to include 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 main branch in Teague was remodeled and enlarged to include three drive-through lanes, six offices, safe deposit boxes, a separate parking area, a board room and work areas.
Our Fairfield branch was opened in 2013 at 480 East Main Street, and we opened a third branch at Nucor Steel in Jewett in 2014.
Our latest expansion in 2017 enlarged our Main Teague branch to provide easier drive-through access and more security at our ATM and Night Drop.
Freestone Credit Union is governed by a seven member board of Directors who serve staggered three year terms. Each year the credit union holds a meeting of the members to discuss the operations of the credit union, hear reports of the year’s operations, and elect new directors.