CY-FAIR, Texas—Cy-Fair Federal Credit Union said that during 2016 its community impact initiatives contributed $255,455 to support local organizations and causes, at the same time it strengthened its historic connection to Cypress-Fairbanks Independent School District.
“Cy-Fair Federal Credit Union has a long and storied history of giving back,” said Cameron Dickey, president and CEO of Cy-Fair FCU. “2016 marked an important step forward in building upon the credit union’s legacy as a strong community partner. 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. 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, Cy-Fair FCU noted it signed a landmark naming rights agreement with the school district that led to the naming of Richard E. Berry Educational Support Center football venue as “Cy-Fair FCU Stadium.” The credit union is paying $150,000 per year over 10 years for the naming rights.
Cy-Fair FCU’s 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, which 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 awarded to help local teachers improve classroom learning environments as part of its Extreme Classroom Makeover contest
- $9,000 in scholarships 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 unveiled in December that 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