Question 1

What is Communication Federal Credit Union?

Accepted Answer

Communication Federal Credit Union is a full-service federal credit union headquartered in Oklahoma City, Oklahoma. With over 130,000 members and approximately $2.25 billion in assets, CFCU operates 22 branches across Oklahoma and Kansas. Originally founded to serve Southwestern Bell Telephone employees, the credit union has expanded to serve members of numerous companies including AT&T, ONEOK, ONE Gas, OG+E, and over 250 other select employee groups. CFCU has received Bauer Financial's prestigious five-star rating for over 30 consecutive years, placing it among the nation's strongest financial institutions.

Question 2

When was Communication Federal Credit Union founded?

Accepted Answer

Communication Federal Credit Union was founded in 1939 as Pioneer Bell Credit Union by employees of Southwestern Bell Telephone in downtown Oklahoma City. The federal charter was granted in 1939 during a time when telephone company workers sought a cooperative financial institution to serve their needs. Over the decades, the credit union evolved from its telephone company roots to serve a broader membership base while maintaining its commitment to member service and financial stability.

Question 3

Where is Communication Federal Credit Union headquartered?

Accepted Answer

Communication Federal Credit Union is headquartered at 4141 NW Expressway, Suite 200, in Oklahoma City, Oklahoma.

Question 4

Where does Communication Federal Credit Union operate?

Accepted Answer

Communication Federal Credit Union operates 22 branch locations across Oklahoma and Kansas, serving members nationwide. While concentrated in the Oklahoma City metropolitan area, CFCU has expanded throughout both states to provide convenient access to its membership base. The credit union serves select employee groups from various companies, though membership has broadened beyond its original Southwestern Bell employee base.

Question 5

What services does Communication Federal Credit Union offer?

Accepted Answer

Communication Federal Credit Union offers a comprehensive suite of financial services including checking and savings accounts, mortgage loans, auto loans, personal loans, and credit cards. Members have access to modern digital banking platforms including online banking, mobile apps, and ATM networks. CFCU provides free financial education seminars to the public and offers partnerships with financial advisors for investment and financial planning services. The credit union emphasizes fraud prevention with advanced security measures including check and ACH fraud detection systems.

Question 6

What makes Communication Federal Credit Union unique?

Accepted Answer

Communication Federal Credit Union stands out for its exceptional financial strength and member recognition. CFCU has been named the #1 Oklahoma Credit Union by Forbes in 2018, 2020, and 2021, and was ranked as the Top Oklahoma Credit Union by DepositAccounts.com. The credit union has maintained a five-star safety rating from Bauer Financial for over 30 consecutive years, demonstrating exceptional stability.

CFCU's motto "connecting with you" reflects its deep commitment to community involvement. Employees regularly organize and participate in community events, supporting causes including multiple sclerosis research, animal welfare through the humane society, blood drives, and The Children's Hospital. The credit union's culture emphasizes connections with members and communities as central to its operations.

With nearly 300 employees serving the membership base, CFCU demonstrates a strong commitment to value return to members. The credit union was recognized as the #1 Credit Union for Return to Members by Callahan and Associates in 2018, highlighting its focus on member benefits over profit maximization.

Question 7

What type of financial institution is Communication Federal Credit Union?

Accepted Answer

Communication Federal Credit Union is a federal credit union, chartered by the National Credit Union Administration (NCUA) and operating as a not-for-profit, member-owned financial cooperative. Originally established to serve Southwestern Bell Telephone employees, membership has expanded to include employees of numerous select employer groups and their families. As a federal credit union, CFCU operates under federal regulations and provides federally insured deposits up to $250,000 per depositor through the NCUA. The cooperative structure means members are also owners, with profits returned through better rates, lower fees, and enhanced services rather than distributed to external shareholders.

Communication Federal Credit Union

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About Communication Federal Credit Union in the United States

Commun­ication Federal Credit Union