HOUSTON (4/9/14)--Cy Fair FCU (CFFCU) announced two major commitments benefiting its local school district, part of its new "Community, Only Better" initiative.
The $191 million-asset Houston credit union pledged $500,000 in direct financial support to the Cypress Fairbanks Independent School District (CFISD) in the next 10 years and 1,000 volunteer hours by CFFCU employees during the 2014 calendar year.
CFFCU President Cameron Dickey formalized the announcement, made during the credit union's annual meeting, by presenting a $500,000 pledge check to Mark Henry, CFISD superintendent; Marie Holmes, Cy-Fair Educational Foundation (CFEF) executive director; and Leslie Martone, Cy-Fair Houston Chamber of Commerce president (Cypress Creek Mirror April 7).
"When we spend money, we're spending money our members have entrusted to us, so the projects we pick, the investments we make and the volunteer hours we contribute must reflect the core values that have been instilled in us by you as our members and by our founders," Dickey said.
Dickey cited the credit union's roots with CFISD--the credit union was founded by district educators in 1956--as the main reason for continuing to give back.
CFFCU gave roughly $15,000 to the district last year through the Adopt-a-School program, Future Farmers of America, classroom makeovers and annual service banquets.
Additionally, CFFCU members gave about $20,000 to the CFEF last year to contribute toward college scholarships for district graduating seniors.
Dickey said the 1,000 volunteer hours--all paid time for CFFCU employees--will go toward school efforts such as CFISD's mentoring program, Bus Buddies, community cleanup projects and fundraisers.