Union Square Credit Union (TX) Kasasa Cash Still Offers Top Rate


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

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

Union Square Credit Union’s (Union Square) Kasasa Cash account was added to the product line about a year ago. The initial 3.51% APY on qualifying balances up to $25k is still in effect; qualifying balances above $25k earn 0.20% APY, with non-qualifying balances earning 0.05% APY. Union Square has had a variety of rewards checking accounts (RCA) for more about ten years, with the Kasasa Cash account now offering one of the top rates available in Texas.

3.51*%-$25kUnion Square Credit UnionKasasa Cash
OTHER TIERS: 0.20% $25k+
Rates as of July 1, 2022.

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 account has no monthly service fee or minimum balance to earn rewards, but does require a $100 minimum opening deposit. 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. Unlimited check writing is available and a free debit card will be issued following account opening. There is a limit of one Kasasa Cash account per Social Security number and is available only as a personal account. A Kasasa Cash account is required to have a Kasasa Saver account.

Kasasa Saver

The companion Kasasa Saver rate is not as impressive as the Kasasa Cash’s 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.

0.75*%-$25kUnion Square Credit UnionKasasa Saver
OTHER TIERS: 0.20% $25k+
Rates as of July 1, 2022.

Earned rewards from the Kasasa Cash account are automatically transferred each month to the Kasasa Saver. There no monthly service fee or minimum balance required to earn reward. The minimum opening deposit is only $25.

Annual Earnings of Combined Kasasa Cash/Kasasa Saver Accounts

The potential combined annual earnings of the Kasasa Cash Checking (3.51% APY/$25k) and the Kasasa Saver (0.75% APY/$25k) is approximately $1,065 (2.13% APY/$50k).

Kasasa Cash Back

Union Square’s Kasasa Cash Back account earns 4.00% cash back on check card purchases, limited to the first $250 in monthly debit card purchases. If you are planning on maintaining a balance under $3,400, the Kasasa Cash Back account would probably be a better deal than the Kasasa Cash account; the maximum annual earnings for the Kasasa Cash Back account is $120 ($10 per month).

The Kasasa Brand

For those not familiar with the Kasasa brand, 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.


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 account can be done online, or in person at any of four Texas branches, located in Burkburnett, Sheppard AFB, and Wichita Falls (2). Union Square’s website makes no mention of any restrictions on the branch locations (lobby closures, appointments, hours, etc.).

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 3.07% (excellent) based on June 30, 2020 data. In the past year, Union Square has increased its total non-brokered deposits by $54.61 million, an excellent annual growth rate of 17.42%. 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’s 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 26,000 members and assets in excess of $422 million.

How the Kasasa Cash Compares

When compared to the High Yield Reward Checking Accounts tracked by DepositAccounts.com, that are available to all Texas residents and have maximum qualifying balances of at least $25k, Union Square Credit Union’s Kasasa Cash APY currently ranks first.

The above rates are accurate as of 10/21/2020.

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

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

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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...
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