Cy-Fair FCU Weaves Good Into Everything They Do
Founded in 1956, ten life-long educators envisioned a better way to bank. Their desire was to put customer needs first and make a positive difference in their community. That vision materialized in the form of Cy-Fair Federal Credit Union. From that beginning, Cy-Fair Federal Credit Union continues to uphold that vision, serving anyone who lives or works in Harris County and parts of Waller County.
“As a not-for-profit, member-owned financial institution, Cy-Fair FCU is in a unique position to focus on improving the lives of our members and supporting our communities,” said President and CEO Cameron Dickey. “As a result, Cy-Fair Federal Credit Union is weaving good into everything we do, including products and services that generate funds from the proceeds for local schools and community organizations.”
An example of this is CFFCU’s School Spirit Debit Cards and their Day & Night Platinum Credit Cards. With every signature-based purchase of $5 or more, a portion of the proceeds from each purchase is returned to local school and community programs. Card holders select the beneficiary from a list of organizations. Because the funds are generated from the proceeds of the purchase, there is no cost to the card holder.
In the spirit of social responsibility, Cy-Fair Federal Credit Union launched a program in 2013 they call “Community Only Better” — a 10-year, $500,000 pledge to invest in organizations and causes that strengthen the community. The program includes monetary support and fundraising activities for local community organizations, an employer match for employee nonprofit donations, environmental stewardship, and financial counsel for local partners.
In addition, employees are provided paid time off to volunteer in the community. Expressing her appreciation for this volunteer program, CFFCU MRC Representative Melody Flakes states, “Volunteering is how I connect with my community – that’s really important to me.” Each year, employees log over 1,000 community hours.
Not forgetting their roots within the Cypress-Fairbanks Independent School District, Cy-Fair FCU continues to maintain a close, supportive relationship with CFISD. A portion of the “Community Only Better” program helps fund important education programs. Cy-Fair FCU also established a stadium naming rights agreement with the school district. While the $1.5 million-dollar deal provides the credit union exclusive naming rights to the football stadium, now named Cy-Fair FCU Stadium, the deeper intention behind this deal was to place more monetary support into the district. “The agreement between Cypress-Fairbanks ISD and Cy-Fair FCU helps formalize a union between two institutions that have been linked from the beginning while generating revenue for the school district,” said Cypress-Fairbanks ISD Superintendent Dr. Henry. This partnership provides an additional $150,000 annually in financial support for the school district’s operating budget to help continue and expand student-enriching programs.
Without the vision and determination of ten CFISD educators in 1956, Cy-Fair Federal Credit Union would not exist. The result would be that many local organizations would lack the critical support the credit union provides and hundreds of thousands of members would be missing out on a financial institution that seeks their best interest. Cy-Fair FCU is proud of all the good the organization has been able to do in the community, as well as the high-class service they provide the members.
“We look ahead, envisioning the future and how to best guide our members to financial success. We think bigger and more creatively to support our members and their community, for generations to come,” said CEO and President Cameron Dickey.
Cy-Fair FCU would love to be the key partner on your financial journey. To learn more about them visit www.cyfairfcu.org, stop by one of their locations, or call 281-890-7676. Located in the northwest Houston area, Cy-Fair Federal Credit Union serves anyone who lives, works, worships or attends school within Harris County and parts of Waller county.