OKC VeloCity | Communication Federal Credit Union ranked no. 1 in OK on Forbes 2020 list

Communication Federal Credit Union ranked no. 1 in OK on Forbes 2020 list

By Staff Reports / Member News / June 30, 2020

Communication Federal Credit Union has been ranked by Forbes magazine as the number one credit union in Oklahoma for a second time. Forbes did not simply look at financial data while compiling ratings but partnered with Statista to survey credit union and bank customers throughout the nation. From Forbes, “Banks and credit unions were rated on overall recommendations and satisfaction, as well as five subdimensions (trust, terms and conditions, branch services, digital services and financial advice)”.

Communications FCU is joined on the list by fellow Greater Oklahoma City Chamber members True Sky Credit Union and Tinker Federal Credit Union. True Sky is ranked at No. 2 and Tinker was ranked at No. 3. The three Oklahoma City-based credit unions were the only institutions from Oklahoma to make the list. 

Communications FCU President/CEO, Larry Shropshire said, “We are extremely proud of this ranking because it is based on the feedback of consumers who feel that our employees provide exceptional service and that the credit union is trustworthy, transparent and accessible, which aligns with the credit union philosophy and our corporate culture. We are consistently rated as one of the best performing and most stable credit unions in the nation based upon our financial performance, but this raking from Forbes means much more. Our business is taking care of people and their opinions are most important. This is a direct reflection of our great employees, the credit union management and our Board of Directors.” 

Additionally, the credit union has recently been ranked as the number one Credit Union in Oklahoma by Depositaccounts.com and Callahan and Associates. In light of the Covid-19 pandemic, Communication Federal Credit Union reminds all members to utilize in-house resources such as trained financial counselors and to practice social distancing with free online and mobile banking access and electronic documentation. 

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. 

 

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