Communication Federal Credit Union
Quick Summary
- HSA savings account
The Verdict
Communication Federal Credit Union provides essential HSA features with a monthly fee of $3.00 and basic savings functionality, earning a 0/5.0 rating from HSA Orbit.
Communication Federal Credit Union, originally Pioneer Bell Credit Union, was founded by employees of Southwestern Bell Telephone in downtown Oklahoma City. A federal charter for the Pioneer Bell Credit Union was granted in 1939.
Since that time, CFCU has grown to serve many outstanding business partners including OG&E, ONEOK, ONE Gas, AEP/PSO, Chaparral Energy, AT&T, Goodyear Tire and more than 250 other groups. The name was changed to Communication Federal Credit Union in 1982 to reflect this growing field of membership.
Communication Federal is a full-service credit union with over 250 employees and 22 branches in Oklahoma and Kansas, serving more than 120,000 members.
Key Features
Banking & Access
Includes debit card and check-writing.
Investment Options
This provider focuses on cash savings without investment options.
Security & Insurance
Deposits are FDIC/NCUA insured for your protection.
Account Details
Requires $50 minimum balance. no account opening fees.
Fee Analysis
| Fee Type | This Provider | Industry Average | Verdict |
|---|---|---|---|
| Monthly Maintenance* | $3.00 | $0.69 | ABOVE AVG |
| Account Opening | $0.00 | $1.88 | EXCELLENT |
| Account Closing | $0.00 | $1.95 | EXCELLENT |
* Account Opening Fee
Industry averages calculated from 853 providers in the HSA Orbit database.
Investment Options
Savings-Only Account
Communication Federal Credit Union currently offers a savings-focused HSA without investment options. Your funds earn interest in a cash account.
Interest Rates
Standard Rates
| Balance Range | APY |
|---|---|
| $0+ | 0.10% |
Last updated: 05-13-2024
Contact Information
Address
4141 NW Expressway, Suite 200 Oklahoma City, OK 73116-1675
Customer Service
At a Glance
Pros & Cons
The Good
- •No account opening or closing fees
- •FDIC/NCUA insured deposits
The Bad
- •Monthly fee of $3.00
- •No investment options available
- •No online banking
User Sentiment
Based on community feedback
Sentiment data coming soon
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