KEMBA Financial Credit Union
Quick Summary
- HSA savings account
The Verdict
KEMBA Financial Credit Union provides essential HSA features with zero monthly maintenance fees and basic savings functionality, earning a 0/5.0 rating from HSA Orbit.
KEMBA Financial Credit Union was founded in 1933 as the credit union for employees of The Kroger Bakery, and stands for Kroger Employee Mutual Benefits Association.
The original branch opened inside the Kroger Bakery downtown. In 1971, the branch relocated to East Broad Street in Whitehall and moved again in 2006 to our current location in Gahanna. Today we continue to serve Kroger associates, but also employees of more than 175 additional area companies, plus anyone who lives, works or worships in Franklin, Delaware, Madison, Logan, Fairfield, Licking, and Union counties.
Currently, we have 11 branches across Central Ohio, and growing, along with complete Digital Banking services, automated telephone banking, more than 50,000 surcharge-free ATMs and more than 5,500 shared branching locations nationwide.
With nearly $2 billion in assets and serving more than 124,000 members, we continually are recognized as a statewide and nationwide leader among credit unions.
Key Features
Banking & Access
Includes debit card.
Investment Options
This provider focuses on cash savings without investment options.
Security & Insurance
Deposits are FDIC/NCUA insured for your protection.
Account Details
No minimum balance to open. no account opening fees.
Fee Analysis
| Fee Type | This Provider | Industry Average | Verdict |
|---|---|---|---|
| Monthly Maintenance | $0.00 | $0.69 | EXCELLENT |
| Account Opening | $0.00 | $1.88 | EXCELLENT |
| Account Closing | $0.00 | $1.95 | EXCELLENT |
Industry averages calculated from 853 providers in the HSA Orbit database.
Investment Options
Savings-Only Account
KEMBA Financial 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 - $2,500 | 0.55% |
| $2,500 - $10,000 | 0.55% |
| $10,000 - $25,000 | 0.85% |
| $25,000+ | 0.85% |
Last updated: 03-04-2024
Contact Information
Address
555 Officenter Place Gahanna, OH 43230 Customer Service Mailing Address PO Box 307370 Gahanna, OH 43230
Customer Service
800-282-6420
555 Officenter Place Gahanna, OH 43230 Customer Service Mailing Address PO Box 307370 Gahanna, OH 43230
At a Glance
Pros & Cons
The Good
- •No monthly maintenance fees
- •No account opening or closing fees
- •FDIC/NCUA insured deposits
The Bad
- •No investment options available
- •No online banking
User Sentiment
Based on community feedback
Sentiment data coming soon
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