USE Federal Credit Union’s (USEFCU) nationally available Kasasa Cash currently earns 3.00% APY on qualifying balances up to $10k. Qualifying balances over $10k earn 0.25% APY, with non-qualifying balances earning 0.01% APY.
|3.00*%||-||$10k||USE Federal Credit Union||Kasasa Cash|
|OTHER TIERS: 0.25% → $10k+|
Kasasa Cash Qualification Requirements
- At least 12 debit card purchases.
- Be enrolled in and log into online banking.
- Be enrolled in and receive eStatements.
The Kasasa Cash account has no minimum balance requirement or monthly service fees, but it does require a minimum $10 opening deposit. There is a limit of one account per Social Security number or ITIN. Nationwide ATM fees will be reimbursed up to $25 per qualification cycle. At this time, there is no companion Kasasa Saver account, even though the fine print on the Kasasa Cash promotion page states,
Must maintain an open Kasasa Cash account to be eligible for the Kasasa Saver account.
Headquartered in Oklahoma City, USE Federal Credit Union’s field of membership (FOM) has a way for almost any U.S. citizen or resident alien to join.
Easy membership - Individuals who join the Friends of the Metropolitan Library System ($10.00 fee) qualify for USEFCU membership.
Employment - All employees of the U.S. Postal Service, regardless of residency, are eligible to join. In addition, any federal employee who lives in the Oklahoma counties of Canadian, Cleveland, Gracy, Kingfisher, Logan, or Oklahoma also qualifies.
Relationship - Family members and household partners of current USEFCU members are also welcome to apply.
Credit Union Overview
USE Federal Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 2.69% (excellent) based on December 31, 2017 data. In the past year, USEFCU has increased its total non-brokered deposits by $10.53 million, an excellent annual growth rate of 7.87%. Please refer to our financial overview of USE Federal Credit Union (NCUA Charter # 2744) for more details.
USE Federal Credit Union is Oklahoma’s 15th largest credit union, with more than 17,600 members and assets in excess of $162 million. The Credit Union was founded in 1938 by 15 Oklahoma City postal workers, with a total of $248.50 in assets. “USE” is derived from the original name: United States Employees Oklahoma City Credit Union.
How the Kasasa Cash Compares
When compared to the High Yield Reward Checking Accounts tracked by DepositAccounts.com, which are available nationwide and have maximum qualifying balances of at least $10k, USE Federal Credit Union’s Kasasa Cash currently ranks fifth.
The above rates are accurate as of 3/20/2018.
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.