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Additionally, unlike banks, which are owned and operated by stockholders who are focused on generating profit, PrimeWay Federal Credit Union is owned by you, the member. Your membership gives you ownership as to how the credit union is run. YOU get paid the dividends, not a separate set of stockholders who may not even transact business with PrimeWay . And YOU reap the rewards of lower interest rate loans and higher dividends on deposit accounts. Our Board is made up of members, such as yourself, and the Board is elected by the membership to serve in this volunteer position. Our HistoryPrimeWay was organized in April 1937 as Houston Telephone Federal Credit Union to serve the employees of Southwestern Bell in the Houston area. In April 2003, the name was officially changed to PrimeWay Federal Credit Union. The name change was prompted by credit union growth and diversification of membership. Throughout the 80's and 90's mergers played a pivotal role in expanding our select employer groups and helping the credit union reach out to even more families. On January 1, 1986, Food Industry and Binco Credit Unions merged with Communicators, as we were then known. In January 1988, the credit union merged Unitex Federal Credit Union. This merger gave us access to 75 percent of the medical center for membership. In August 1989, Galveston News Employees Credit Union joined the credit union. In 1990, Ridgway's Federal Credit Union merged with us. In 1994 The Methodist Hospital (TMH) Credit Union merger transpired, providing us with an office that still exists to serve our members today. In December 2003,
PrimeWay embarked on another merger, and welcomed
Washington County Community Development Federal Credit Union members into
our family. This opened membership to everyone in Washington County and
provided the credit union an office in Brenham Texas. In January of 2004,
the National Credit Union Administration (NCUA) granted PrimeWay
a community charter allowing us to serve not only our select
employer groups, but enabling us to provide a better financial alternative
to everyone who lives, works, worships, or attends school in the City of
Houston.
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Prosperity 
The
difference between your credit union and local bank goes beyond the
discounted loan rates and savings products provided. The organization is
unique because of its not-for-profit/tax exemption status, which provides
its members with a significant benefit of lower interest rates and higher
dividend rates. 
Since becoming
community chartered in August, 2003, we have extended our membership to
include people living, working or attending school in the Northwest
Houston area. Our intent in becoming TexasOne Community Credit Union
is to better reflect who we are. The name TexasOne Community Credit
Union was chosen by the staff and board of directors of Cameron Credit
Union. We chose this name to reflect our strong past and to
represent our solid future as a community credit union. Today,
