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News Now

CU System
CU receives offer on historic train depot
SAN ANTONIO (12/1/10)--Generations FCU (generations) in San Antonio announced that VIA Metropolitan Transit has offered to purchase the former International & Great Northern Depot--known as the MoPac Depot--a historic train depot located in downtown San Antonio. The depot, which currently houses the 70-year-old credit union’s administrative offices and its downtown branch, was originally completed in 1908. It fell into disrepair after the Missouri Pacific vacated the building in 1970, but was restored to its original grandeur by generations and returned to full use in 1988 (LoneStar Leaguer Nov. 24). “In 1986 we had the opportunity to purchase and renovate this extraordinary facility, saving a significant piece of San Antonio’s history,” said generations CEO Tim Haegelin. “Since that time, our organization has continued to grow and expand to the point where we require additional space to accommodate our employees and our systems that keep our credit union running every day, serving our members.” Designed by Harvey L. Page and built by James Stewart and Company, the building is 110 feet by 110 feet and features a large cathedral-style rotunda that is 88 feet high. Atop the dome’s exterior is a 200-pound statue of the International & Great Northern (IG&N) Railway mascot, an Indian. The Indian’s bow and arrow point in the direction of the IG&N’s home offices, which were located in St. Louis. “It’s a bittersweet moment for us as a credit union,” Haegelin said. “We poured our hearts into the restoration of this beautiful, historic building. However, the ability to return the depot to its original purpose, a hub of transportation that serves the citizens of this community, was an opportunity we felt we couldn’t pass up.” Generations FCU will continue to operate out of the depot building until the completed construction of its new downtown branch.


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