PrimeWay Federal Credit Union

“So even though we face the difficulties of today and tomorrow, I still have a dream. It is a dream deeply rooted in the American dream. I have a dream that one day this nation will rise up and live out the true meaning of its creed: We hold these truths to be self-evident, that all men are created equal.” -Martin Luther King Jr.

What started as a Mexican-American deal during World War II led to over 4.5 million Mexican citizens migrating to the United States under an agreement known as the Bracero Program over a 22-year period, from July 1942 to December 1, 1964. As American men were drafted into World War 2, the nation was plagued by an overwhelming need for farm laborers. Braceros worked on farms, railroads, and even ranches, making it possible for the US to keep up with economic war demands and recover from the Great Depression. Although many injustices occurred during the program, Mexican laborers continued to migrate and work the farms, as it was a better opportunity than what they previously had in Mexico. Due to their commitment, persistence, and hard work, the nation progressed through war, post-war, and the Great Depression.

PrimeWay is pleased to announce this year’s 2024 Annual Meeting on Wednesday, August 28, 2024, at 5:00 p.m. The meeting will be held virtually and at our Highway 290 location, 12811 Northwest Freeway, Houston, TX 77040. Members that attend the Annual Meeting could win $250 cash, $500 cash or $1000 cash! Registration and additional details are online at https://bit.ly/3M78m6z

During World War II, more than 6 million women contributed to the war efforts by working in factories, volunteering for the Red Cross, and serving directly in the military. This was during an era when men went to work, and women took the role of homemakers. Men were called into the military, leaving women without a provider and a nation without its workforce. This event would be a major turning point in women’s civil rights and independence. Because of women like Naomi Parker, Mae Krier, and many more, America stabilized economically, stayed on par with wartime necessities, and maintained the house and family singlehandedly. This was a true example of what a woman was capable of. Rosies, as in Rosie the Riveter (the iconic woman in “We Can Do It”), are a prime example of what people, communities, and society can accomplish when given the opportunity. In remembrance of all the women who helped shape the nation into what it has become today, PrimeWay offers a heartfelt thank you!

PrimeWay is pleased to announce this year’s 2024 Annual Meeting on Wednesday, August 28, 2024, at 5:00 p.m. The meeting will be held virtually and at our Highway 290 location, 12811 Northwest Freeway, Houston, TX 77040. Members that attend the Annual Meeting could win $250 cash, $500 cash or $1000 cash! Registration and additional details are online at https://bit.ly/4fMxxsE

While this photograph is a photo-op orchestrated by the Rockefeller Building, it demonstrates the conditions steel workers endured while constructing skyscrapers. During the Great Depression, steelwork in skyscrapers was very popular. Over 40,000 people were employed to construct the RCA building, and this photograph represents them all. 850 feet above the ground, 11 men hang from the side of a steel beam, casually having lunch. While most of their identities have been lost throughout history, this shows just how dangerous, courageous, and fascinating these steelworkers are. PrimeWay would like to celebrate all steelworkers, not just this Labor Day, but every day. There are 1.2 million steelworkers (working or retired) in the US, 8,000 structural steel workers in Texas, and thousands more spanning from piping, petrochemical, and refineries. A heartfelt thank you to all our local and state steelworkers. Without you, our city, state, and country would be years behind technologically, economically, and in production.

Great Job, Maria Rosas! Your hard work and dedication to excellent member service is outstanding! You are truly an example of our caring values! PrimeWay would like to thank our members for taking the time to leave us these wonderful reviews. Our team, including Maria, strives to excel in their duties, knowledge, member service, and company values! Our team is filled with the most dedicated and compassionate employees, who always prioritize our members, to help enable your dreams. Thank you all!

Here’s a Tip! What is the Debt-to-Income Ratio (DTI), and how does it affect your loans? DTI is the result of a formula used to determine whether you would likely be able to take on more debt if you were approved for a loan. Lenders use this when applying for an auto loan, Student loan, credit card, personal loan, home loan, or even apartment rental. DTI is not only used to determine if you qualify for a loan, but it also affects the interest rate. There are 2 parts to the formula: Gross income- How much income do you receive monthly before taxes and other deductions are taken from your overall pay. Monthly Debt- Money that you owe every month. This includes loan payments, credit card payments, alimony, and child support. It does not include car insurance, cable bills, cell phones, utilities, or groceries. The formula: Monthly Debt / Gross Income = DTI Ratio Divide your pre-tax income by your monthly debt and your result is your DTI percentage. A good rule of thumb: Great- Below or at 35% Good- Between 36% and 49% Poor- 50% or more Do you have any questions? You can always contact our PrimeWay experts by calling (713)799-6200 or visiting one of our locations. You can also find our address, hours, and a lot more information by visiting https://bit.ly/3yQe1uz.

PrimeWay is pleased to announce this year’s 2024 Annual Meeting on Wednesday, August 28, 2024, at 5:00 p.m. The meeting will be held virtually and at our Highway 290 location, 12811 Northwest Freeway, Houston, TX 77040. Members that attend the Annual Meeting could win $250 cash, $500 cash or $1000 cash! Registration and additional details are online at https://bit.ly/46U5raL

We would like to thank Houston Community College for allowing us to sponsor and co-host this year’s HCC 2024 Parent Summit! This event is put together to educate parents and students on budgeting, and what to expect financially once their student begins college. PrimeWay would like to wish all students good luck and a successful 2024-2025 school year.⁠ ⁠ We are always available to offer parents, students and the community financial information. Visit our website at https://bit.ly/4dQsllC or come see us at one of our locations soon!