Simply Community
In November 1934, community members in Texas, pooled their deposits and opened a mutual savings and loan owned by the community it serves. Over the years, five additional communities have embraced our true community bank. As a mutual savings institution, we are in the enviable position of being owned by our customers. We see our owners and potential owners every day in our communities. We see them at work, the grocery store, school and church. They are not unknown investors in big cities miles away with little interest in our communities. We were formed to provide basic banking services as a community owned alternative to these investor owned institutions. We are here because we still believe in this purpose.
Our Mission
Our mission is simple. As an organization, we strive to:
- Reduce the complexity in banking and make life easier for our customers.
- Treat customers fairly with consistent, friendly and knowledgeable customer service.
- Create an environment where employees can succeed and help customers without the burden of unnecessary bureaucracy.
- Be active and present in our local communities to help make them better places to live.
- Remain a financially strong and independent community bank.
First Beacon Federal Credit Union has grown from a local savings and loan institution,
to a multi-faceted bank. With assets
of approximately $3.8 billion and daily liquidity up to $1 billion, we are one of the country’s few
community-based mutual banks. We are more
responsive to our highly diversified consumer and commercial clients.
We are honored to be named as the Best Small Bank in Texas for the third year in a row. We have established
ourselves as a community and economic partner, investing our time and energy into the markets we serve with
charitable giving and volunteering efforts.
Our high quality portfolio is invested in diverse sectors, without exposure to cryptocurrency, and carefully
managed by strict policies to ensure it is maintained. Our stable, loyal client base includes significant municipal
deposits. We are OCC regulated, FDIC insured and a Qualified Public Depository. Customers have trusted First Beacon
Bank for over 60 years, demonstrating its record of stability and accountability. We also offer IntraFi Network
Deposits to give our customers deposit insurance for balances over $250k.
