Investments and Insurance
First Public is a wholly owned subsidiary of TASB that provides investment and insurance options for school districts and other local governments. First Public is a registered broker-dealer with the Securities and Exchange Commission, the Financial Industry Regulatory Authority (FINRA), and the Municipal Securities Rulemaking Board (MSRB). First Public is also licensed with the Texas Department of Insurance.
First Public administers and distributes the Lone Star Investment Pool, a local government investment pool created in 1991. Lone Star strives to make fund management safer and easier for Texas school districts, while closely adhering to the basic tenets of the Public Funds Investment Act: safety, liquidity, and yield.
First Public also administers the TASB Supplemental Employee Benefits cooperative (Benefits Cooperative). Since 2002, the Benefits Cooperative has provided school districts and their employees with a variety of employer-paid and employee-paid benefits such as group life, group long-term disability, and Section 125 products and plan administration.
To obtain more information about First Public, the Lone Star Investment Pool, or the Benefits Cooperative, please visit firstpublic.com.