Communication Federal Credit Union Expands with Merger of Tulsa Credit Union
Communication Federal Credit Union (CFCU), one of Oklahoma’s largest credit unions, publicly announces expanded services to more Oklahomans with the acquisition of First Tulsa Federal Credit Union. Through this merger, Communication Federal’s products, services, and locations are now available to the members of First Tulsa Federal Credit Union, as well as its field of membership. First Tulsa served employees, retirees, and immediate family members of Shell Oil and FIS in Tulsa. The merger was effective December 30, 2020.
“We were honored to be selected as the merger partner by First Tulsa’s board of directors and management,” said CFCU President and CEO, Larry Shropshire. “This merger will expand available services and accessibility for First Tulsa members. Communication Federal has created merger partnerships with many credit unions over its 80 plus year history. Our purpose is always centered on providing the best service possible for members and strengthening the legacy of credit union industry, which is helping people”.
There are five full-service Tulsa Metro CFCU locations, Downtown, South Sheridan, Broken Arrow, Bixby and Owasso, which open to serve communities nearest the former First Tulsa Federal Credit Union location
Communication Federal Credit Union was selected by First Tulsa Federal Credit Union because of its organizational culture, commitment to members and stability. The credit union has twice been named the number one credit union in Oklahoma by Forbes and received many other industry accolades.
About Communication Federal Credit Union
Communication Federal Credit Union has headquarters in Oklahoma City and was founded in 1939. It serves nearly 100,000 members and holds over 1.5 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, PSO/AEP, 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.