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.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
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NMLS 1795154