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  Communication Federal Credit Union Performance Checking
Communication Federal Credit Union Performance Checking Unaffiliated

Communication Federal Credit Union Performance Checking

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Highlights
Cashback Rewards N/A
APY (Annual Percentage Yield) 0.10% - 1.25%
(Verified 04/01/2023)
Monthly Fee $0
(Verified 04/01/2023)
Minimum Balance to Avoid Monthly Fee N/A

Communication Federal Credit Union Performance Checking Review

Communication Federal Credit Union Performance Checking is offered by Communication Federal Credit Union, a credit union founded in 1939 and based in Oklahoma City, OK. Communication Federal Credit Union Performance Checking is available in 50 states (and Washington, DC).

Key Takeaways

  • Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 1.25%, which is much higher than the average for a checking account. However, you must keep a minimum balance of $0.01.
  • $0 monthly fee. This account does not charge any monthly account fees.
  • No ATM fees. Communication Federal Credit Union Performance Checking does not charge fees on ATM transactions.

Communication Federal Credit Union Checking Pros & Cons

Pros Cons
  • Available in all 50 states.
  • High variable APY.
  • Insured by NCUA.
  • No signup bonus.
  • Does not offer mobile check deposits.
  • Does not come with a debit card

Communication Federal Credit Union Checking FAQ

Are checking accounts from Communication Federal Credit Union federally insured?

Yes, your checking accounts are insured up to $250,000 per share owner for each account ownership category. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.

What APY does Communication Federal Credit Union Checking offer?

Communication Federal Credit Union Checking offers an APY starting at 0.10% and ranging up to 1.25% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep an average beginning day balance of at least $0.01.

Communication Federal Credit Union Checking Rates and Terms
Rates Amount
APY (Annual Percentage Yield) 0.10% - 1.25%

What are the account minimums for Communication Federal Credit Union Checking?

Communication Federal Credit Union Checking requires a minimum initial deposit of $25 to open an account.

Communication Federal Credit Union Performance Checking Minimums
Description
Minimum Opening Deposit Starting at $25
Minimum Balance to Earn APY $0.01

What fees does Communication Federal Credit Union Checking charge?

The good news is that this account does not have a monthly Service Charge.

Communication Federal Credit Union Performance Checking Fees
Description
Monthly Fee $0

What features and perks does Communication Federal Credit Union Checking offer?

This account includes the following features:

  • Mobile Banking Services - Communication Federal Credit Union Checking allows you to manage your money online or with a mobile app.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.

What is the customer support email for Communication Federal Credit Union Checking?

The customer support email for Communication Federal Credit Union Checking is cfcu@comfedcu.org.

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Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:30pm
  • Tuesday 9:00am - 5:30pm
  • Wednesday 9:00am - 5:30pm
  • Thursday 9:00am - 5:30pm
  • Friday 9:00am - 5:30pm
  • Saturday 9:00am - 12:00pm

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Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • Washington, DC
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Minimum Opening Deposit Starting at $25
Minimum Balance to Earn APY $0.01
Monthly Fee $0
(Verified 04/01/2023)
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Proof of Identity
  • Social Security Number
  • Employer Identification Number
Account Features
  • No ATM Fees
  • No Monthly Maintenance Fee
  • Nationwide ATM Network
  • Mobile Banking
  • Insured by NCUA
APY (Annual Percentage Yield) 0.10% - 1.25%
(Verified 04/01/2023)

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