Communication Federal Credit Union has been named a Top 100 Credit Union by S&P Global Market Intelligence for 2020. Scores were calculated for five metrics – including member growth, average loans per member, and net worth – to compile this ranking.
CFCU was the highest-ranked credit union in Oklahoma or Kansas, where it operates branches, taking the 43rd spot nationally. Additionally, the credit union has recently been ranked as the number one Credit Union in Oklahoma by Forbes magazine, Depositaccounts.com, and Callahan and Associates.
Credit unions are member-owned financial cooperatives founded for the benefit of members. Most credit unions offer a full-range of products and services from checking accounts, to mortgages and even have partnerships with financial advisors to offer investment and financial planning services. Consumers who do business with a credit union benefit from the structure of credit unions being focused on what’s right for their needs rather than maximizing profit for shareholders.
About Communication Federal Credit Union
Communication Federal Credit Union has headquarters in Oklahoma City and was founded in 1939. It has more than 95,000 members and over 1.4 billion dollars in assets. The credit union has grown to include 22 branch locations in two states, serving the employees of such outstanding companies as AT&T, ONEOK, ONE Gas, OG+E, Goodyear Tire and more than 250 other groups. It is among the strongest financial institutions in the nation, having received the prestigious five-star rating from Bauer Financial Reports, Inc. for 31 consecutive years. The credit union is involved in projects that give back to local communities and maintains a strong commitment to helping serve the financial needs of its members.