Hudson River Community Credit Union (HRCCU) recently added the Kasasa brand of checking and savings accounts to its product line. The Kasasa Cash checking account currently earns 3.00% APY on qualifying balances up to $25k. Qualifying balances over $25k earn 0.25% APY, with non-qualifying balances earning 0.05% APY.
The monthly qualification requirements are quite standard and straightforward:
- At least 12 debit card purchases ($5 min per transaction).
- Be enrolled in and receive eStatements.
- Be enrolled in and log into online banking.
The Kasasa Cash account has no minimum balance requirement, monthly service fee, or minimum opening deposit. Unlimited nationwide ATM fees will be reimbursed up to $15 per monthly cycle, if qualifications are met. Unlimited check writing is available and 80 BASIC checks are provided without charge. A free Visa® debit card is issued when the account is opened. There is a limit of one account per Social Security number. If the account is closed within 90 days of opening, there is a $15 early closure fee.
Kasasa Saver Account
A Kasasa Saver account is offered as a companion account to the Kasasa Cash checking account. Like the Kasasa Cash account, there are no fees, no minimum balance requirements, or minimum opening deposit. Each month, earned cash checking rewards automatically transfer into the Kasasa Saver account. The Kasasa Saver account currently earns 1.00% APY on qualifying balances up to $50k. Qualifying balances above $50k earn 0.50% APY, with non-qualifying balances earning 0.05% APY.
The Kasasa Brand
On an everyday level, Kasasa is free checking that rewards you each month for doing simple things you might already do. "Simple" as in banking basics that actually save you time. Like choosing e-statements over paper statements, or swiping your debit card at checkout instead of writing a check.
Ever wondered what the word “Kasasa” means? It’s not Greek. It’s not Latin.
Put simply, we made it up.
In a world where real-life people are too often taken for granted as account
numbers, we didn’t want to be the next [INSERT GENERIC NAME] checking account.
Headquartered in Corinth, New York, Hudson River Community Credit Union’s field of membership (FOM) is primarily residency based, with individuals who live, work, worship, or attend school in the New York counties of Rensselaer, Saratoga, Warren, or Washington, or the New York towns of Cohoes, Green Island, or Watervliet eligible for membership.
Immediate family members of those eligible to join also qualify for membership.
According to the June 25 update on the Coronavirus Updates and Resources page,
We are pleased to announce that all HRCCU branch lobbies with the exception of the Troy branch are now open to serve you in-person. The Troy Branch will continue to be limited to drive-thru service and in-branch transactions by appointment only until further notice.
Opening a Prime Savings account with a $5 minimum deposit is required to establish an HRCCU membership.
HRCCU is part of the UsNet Shared Branch Network that provides our members convenient access to your accounts at more than 5,600 credit union branch locations and 30,000 Co-Op ATMs across the United States.
Credit Union Overview
Hudson River Community Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 6.38% (excellent) based on March 31, 2020 data. In the past year, HRCCU has increased its total non-brokered deposits by $16.88 million, an excellent annual growth rate of 8.28%. Please refer to our financial overview of Hudson River Community Credit Union (NCUA Charter #68342) for more details.
Founded in 1954 by the employees of the International Paper Company in Corinth, Hudson River Community Credit Union was originally known as IPCO Federal Credit Union. In 1998, a New York state charter was adopted and the FOM was changed in 2003 from multi-occupational to community. The “Hudson River Community” rebrand occurred in 2004 to better reflect the expanded FOM. Hudson River Community Credit Union is currently the 43rd largest credit union in New York, with more than 26,400 members and assets in excess of $290 million.
How the Kasasa Cash Compares
When compared to the High Yield Rewards Checking Accounts tracked by DepositAccounts.com that are available within the FOM and have qualifying balances of at least $25k, Hudson River Community Credit Union’s Kasasa Cash APY currently ranks first, tied with The Bank of Denver's Kasasa Cash.
The above rates are accurate as of 7/20/2020.
To look for the best Reward Checking Account rates, both nationwide and state specific, please refer to our High Yield Reward Checking Account Rates Table page.