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The $1.8 billion Communication Federal Credit Union in Oklahoma City announced it received approval from the NCUA to expand its field of membership to include underserved portions of Tulsa and Oklahoma City.
The credit union currently serves more than 114,000 members and as of Aug. 26, is able to provide financial products and services to all residents, organizations and businesses in the new areas of the two markets. It's unclear how expansive the new service areas are for potential membership growth for the credit union.
According to a statement from Communication, "The credit union believes its products and services and outstanding record of member service will positively impact the lives of additional prospective members and underserved area residents who before now, would not have been eligible to join the credit union."
Communication President/CEO Larry Shropshire said, "We are excited and welcome the opportunity to serve additional residents of the Oklahoma City and Tulsa areas. Communication FCU has a proud history of exceptional service and looks forward to extending this record of trust and member relationships to new members in these communities."
According to Communication, the consulting group Dollar Associates, LLC assisted the credit union in working with the NCUA to expand the FOM.
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Michael Ogden
Editor-in-Chief at CU Times. To connect, email at [email protected]. As Editor-in-Chief of CU Times since 2016, Michael Ogden has led the editorial team in all aspects of content strategy and execution, including the creation of the publication’s exclusive and proprietary research database of the credit union industry’s economic landscape. Under Michael’s leadership, CU Times has successfully shifted to an all-digital editorial product with new focuses on the payments, fraud, lending and regulatory beats. Most recently, he introduced a data-focused editorial product for subscribers that breaks down credit union issues into hard data, allowing for a deeper and more factual narrative for readers. In 2024, he launched the "Shared Accounts With CU Times" podcast, which offers a fresh, inside-the-newsroom perspective through interviews with leaders from the credit union industry and the regulatory world. He dives into pressing credit union issues, while revealing the personalities working behind-the-scenes to push the credit union world forward. His background includes years as a radio and TV anchor/reporter and a public relations and digital/social media manager, where he covered the food and music industries, as well as cooperatives and credit unions. Over the years, he has launched numerous exclusive video and podcast series, including a successful series of interactive backstage interviews with musicians at music festivals, showcasing his social media and live streaming production skills.
