Cy-Fair Federal Credit Union Contributed More Than $250,000 to Community in 2016
February 10, 2017
CY-FAIR, TX. (February 9, 2017)—Cy-Fair Federal Credit Union (Cy-Fair FCU) today released final figures for its 2016 community impact initiatives, highlighting its annual giving and local involvement, as well its long-term partnership with the Cy-Fair community. The credit union contributed $255,455 last year to support local organizations and causes, and strengthened its historic connection to Cypress-Fairbanks Independent School District.
According to Cameron Dickey, president & CEO of Cy-Fair FCU, 2016 marked an important step forward in building upon the credit union’s legacy as a strong community partner.
“Cy-Fair Federal Credit Union has a long and storied history of giving back. In recent years, we’ve challenged ourselves to do even more, to think bigger and more creatively about the ways in which we can contribute to the strength and vitality our growing community,” said Dickey. “Now that 2016 is in the books, we can look back on the progress we made and be inspired to continue making a difference.”
In addition to contributing $64,460 locally as part of its 10-year, $500,000 Community Only Better initiative, the credit union signed a landmark naming rights agreement with the school district in July. The agreement naming the Richard E. Berry Educational Support Center football venue “Cy-Fair FCU Stadium” provides $150,000 every year for the next 10 years in direct financial contributions to the school district’s operating budget.
Other 2016 community impact highlights include:
- Community Only Better giving exceeded the credit union’s annual $50,000 goal for the fourth straight year, with total giving since 2013 now $284,360
- Total financial support over the years to Cypress-Fairbanks Independent School District topped $479,000 and will exceed $500,000 in 2017
- 1,206 community hours were logged by credit union employees and paid for by Cy-Fair FCU—an estimated value of $41,000
- A $24,000 Spotlight Teacher Mortgage Giveaway was awarded to Lansing Brown, a special education teacher at Cypress Falls High School. Brown received a year’s worth of mortgage payments ($2,000 every month for 12 months) for her outstanding work with special needs students
- $1,300 was awarded to help local teachers improve classroom learning environments as part of its Extreme Classroom Makeover contest
- $9,000 in scholarships were awarded to seven local high school seniors to help pay for higher education. Since 1992, 184 students have received $174,000 to pursue post-secondary education through the credit union’s scholarship program
- School Spirit Debit Cards were unveiled in December and enable members to raise money for their local high school of choice with each qualifying transaction
- An employer match program was launched for donations made by employees to local nonprofits
To learn more about Cy-Fair FCU’s commitment and approach to social responsibility, please visit: https://www.cyfairfcu.org/community/only-better/
About Cy-Fair Federal Credit Union
Cy-Fair Federal Credit Union (www.cyfairfcu.org) is a full-service credit union in southeast Texas. Originally founded in 1956 with 10 members to serve employees of the Cy-Fair Independent School District, Cy-Fair FCU now has more than 22,000 members and serves anyone who lives, works, worships or attends school within Harris County and parts of Waller County.