Tau Phi Beta's orginial colors were black, red, and gold. When a chapter was founded at William Paterson, The colors were changed to black and silver. The brothers of Tau Phi Beta are known as the Bulls as well as The Fun Bunch. Tau Phi Beta was founded by business majors. Since the stock market is also termed the "Bull" market, the name fit. The Fun Bunch is an acronym for the Greek letters Tau Phi Beta.
The Bulls root itself in personal growth and value of its brothers. It keeps its numbers small, believing in quality, not quantity. It is one of the few local fraternities left at Montclair State University and is both a social and philantropical fraternity. It participates in Greek Week, Homecoming, fundraisers, as well as on and off campus events.
The Bulls run their pledge program in order to teach its members to only respect those who give respect. Another reason it keeps its numbers low is to ensure that each brother knows each other. It is one of the few fraternities left that pledges on line.