Union Square Credit Union (TX) Has Statewide Kasasa Cash Checking

POSTED ON BY

Deal Summary: Kasasa Cash checking, 3.51% APY, up to $25k.

Availability: Easy membership for Texas residents through the Texas Consumer Council.

While Union Square Credit Union (Union Square) has been offering some type of competitive rewards checking account (RCA) for more about ten years, the Kasasa Cash checking account has been a part of the product line for less than four months. The Kasasa Cash checking account currently earns 3.51% on qualifying balances up to $25k; qualifying balances above $25k earn 0.20% APY, with non-qualifying balances earning 0.05% APY.

APYMINMAXINSTITUTIONPRODUCTDETAILS
3.51*%-$25kUnion Square Credit UnionKasasa Cash
OTHER TIERS: 0.20% $25k+
Rates as of September 18, 2020.

The qualifying requirements to earned the stated APY are fairly standard.

  • At least 12 PIN-based or signature-based debit card purchases.
  • Have at least one direct deposit, ACH credit, or ACH payment.
  • Be enrolled in and receive eStatements.

The Kasasa Cash checking account has no monthly service fee or minimum balance to earn rewards. A $100 minimum opening deposit is required and there is a limit of one account per Social Security Number. If qualifications are met, nationwide ATM fees up to an aggregate total of $25 (maximum $4.99 per transaction) will be reimbursed per statement cycle.

Free Kasasa Saver

The companion Kasasa Saver account has a rather disappointing rate: 0.75% APY on qualifying balances up to $25k. Like the Kasasa Cash checking account, Kasasa Saver qualifying balances above $25k earn 0.20% APY, with non-qualifying balances earning 0.05% APY. The Free Kasasa Saver has no monthly service fee, no minimum balance to earn rewards, and requires a $25 minimum opening deposit.

APYMINMAXINSTITUTIONPRODUCTDETAILS
0.75*%-$25kUnion Square Credit UnionKasasa Saver
OTHER TIERS: 0.20% $25k+
Rates as of September 18, 2020.

The Kasasa Brand

If the Kasasa brand is new to you, Kasasa Cash is a type of Reward Checking Account (RCA) developed by the Texas company, Kasasa, Ltd. According to the Kasasa website,

Kasasa: the free checking account that rewards each month for doing things you already do.

By performing certain actions valuable to your bank or credit union, like using your debit card or online banking, your institution makes more money, which they share with you in the form of rewards.

In case you were wondering, “Kasasa” is just a made-up word.

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.

Availability

Headquartered in Wichita Falls, Texas, Union Square Credit Union’s field of membership (FOM) provides a way to join for virtually all Texas residents.

Easy Membership: Members of the Texas Consumer Council ($8 fee) are eligible to join Union Square. According to CSR, you must be a member of TCC before you apply for Union Square membership, as your membership number is required to complete the online application.

Residency: Individuals who live, work, worship, or attend school in the Texas counties of Archer, Baylor, Clay, Wichita, or Wilbarger, or the Oklahoma counties of Cotton or Tillman, are eligible to join.

Family Relationship: Family members of current Union Square members are welcome to apply, no matter where they live.

Opening a Kasasa Cash checking account can be done online, or in person at any of four Texas branches, located in Burkburnett, Sheppard AFB, and Wichita Falls (2).

Establishing a Union Square membership requires opening a Share Account with a minimum $25 deposit.

Credit Union Overview

Union Square Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 1.46% (excellent) based on September 30, 2019 data. In the past year, Union Square has increased its total non-brokered deposits by $10.6 million, an excellent annual growth rate of 3.44%. Please refer to our financial overview of Union Square Credit Union (NCUA Charter # 68664) for more details.

Established in 1975, Union Square Credit Union’s founding members were a group of 30 individuals who were “concerned with the financial needs of Sheppard Air Force Base’s military personnel.” (Sheppard AFB was officially opened in 1941 as a United States Army Air Corps training center. It is currently the largest training base in the country for Air Education and Training Command.) Union Square is the 60th largest credit union in Texas, with more than 23,600 members and assets in excess of $364 million.

How the Kasasa Cash Checking Compares

When compared to the High Yield Reward Checking Accounts tracked by DepositAccounts.com, which are within the FOM and have maximum qualifying balances of at least $25k, Union Square Credit Union’s Kasasa Cash Checking APY currently ranks second.

The above rates are accurate as of 2/21/2020.

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.

Related Pages: Wichita Falls checking accounts, reward checking accounts

Comments
High-Yield Reward Checking Account at Union Square Federal Credit Union in Northern Texas - Local Only

When I was reviewing the best reward checking accounts in Houston and in Texas, a reader noted Union Square Federal Credit Union. Even though it's not available for all Texans, its reward checking account does offer the highest rate in Texas. The account is called Premier Checking, and it has the following rates and features if certain monthly requirements are met (as of 4/21/2011):

  • 4.51% APY for balances up to $25,000
  • 1.01% APY for portion of balance over $25,000
  • 0.10% base rate if requirements are not met
  • ATM fees reimbursed nationwide up to $25...
Continue Reading


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.