PrimeWay Federal Credit Union is headquartered in Houston and is the 49th largest credit union in the state of Texas. It is also the 566th largest credit union in the nation. It was established in 1937 and as of June of 2023, it had grown to 133 employees and 49,945 members at 8 locations. PrimeWay Federal Credit Union's CD rates are 5X the national average, and it has a C+ health rating.
Field of Membership Restrictions
Membership is open to those who live, work, worship or attend school in greater Houston area, including Houston, Fort Bend County, Harris County, and Washington County. Membership is also open to those who work for one of more than 150 select employee groups.
See current membership details
AMAZING! I LOVE MY PRIMEWAY
Always helpful and able to answer any question I may have. 10/10 would recommend!!
Former Cameron Now Pwfcu Member!
I was a Cameron member and now a current Primeway member. I have financed a boat, car and even my now current car loan. I have had a few late payments while working out of state and managed to get back on track. Never had an issue with it. I knew I was late on my part. I do my payments calling in the customer service number and end up paying the check by phone fee. My family and a few co workers have Primeway and a few complain about easy stuff, and for the most I am happy Primeway bought out Texas1. They were ssooo tricky & not to mention the "down low" loans. Heard a worker who had a crappy credit and got a % of 3.5 when he would have had more of a 15%, and all because he was a friend of a friend of a worker there. So whatever with those former Texas1 people. Some are mad because Primeway isn't as sneaky as Texas1, and hey, if people get negative/overdraft fees on a constant bases don't you think the credit union has a right to make money off fees as far as I've seen it's fair. You have a free "free" checking account and they don't make money off an account like banks. That's what some don't understand, that the credit union is NOT A BANK!! Anyone who is an older man hitting their 60s and still freely believe Primeway is okay. They got a few items/ things to upgrade, but so far I can not complain.
Tom
What A Credit Union!!
This place is absolutely fantastic. I have never been to another credit union whose staff has made it such a priority to provide excellent service.
CD Rate Was Awesome
They had a great CD rate last month. I am waiting for it to come back. GREAT credit union!!
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 2131 |
| Year Chartered | 1937 |
| Employees | 133 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.86% |
| Return on Equity - YTD | 11.85% |
| Annual Interest Income | $16.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $725.3MM$735.0MM |
| Loans | Q2 2023vs Q2 2022 | $550.4MM$548.9MM |
| Deposits | Q2 2023vs Q2 2022 | $609.3MM$641.2MM |
| Equity Capital | Q2 2023vs Q2 2022 | $53.1MM$50.4MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$1.8MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $5.1MM$2.4MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |