Update 3/18/2010: These CD specials no longer appear to be listed at the credit union's website.
United Heritage Credit Union is offering three competitive CD specials:
- 2.30% APY 15-month CD
- 2.60% APY 30-month CD
- 3.25% APY 54-month CD
Minimum deposit is $1,000. These specials are listed in the credit union's promotions page as of 3/16/2010.
These specials used to be limited to IRAs, but the special was recently changed to regular CDs.
United Heritage used to offer a reward checking account called Heritage Checking. They stopped offering new accounts about a year ago, but those who had signed up for it continue to earn 3.01% APY on balances up to $25K. According to a credit union rep, they're in the process of a new design and rollout for the Heritage Checking account, and it should be relaunched in May 2010.
Another interesting account that I just noticed is the Independence Account which looks like a 30-month add-on CD. However, it's in the savings account category. I've emailed the credit union asking about the withdrawal limitations and if it's a fixed-rate account. The rate table lists a yield of 1.99% APY on balances over $10K as of 3/16/2010. Update 3/17/2010: I received the following info from United Heritage about the Independence Account:
The Independence Account is a 30 month term with a variable rate. The funds will be locked in for the term period and any withdrawals before the maturity date will result in a penalty fee. The penalty we may impose will be the forfeiture of 6 months of dividends calculated using the dividend rate in effect at the time you request the withdrawal.
Credit union membership is open to those who live, work or attend school in Travis, Williamson, Bastrop, Caldwell, Hays, Smith or Wood County, Texas. You can also be eligible via family or select employer groups. Refer to the credit union's Eligibility Page for more details. Membership requires a minimum balance of $1 into the savings account.
Branches are located in Austin, Cedar Park, Georgetown and Round Rock in Central Texas and in Tyler in Northeast Texas.
The credit union's ratings for safety and soundness are strong: 4 stars (excellent) at BauerFinancial (based on 12/31/09 data) and 4 stars (sound) at Bankrate.com (based on 9/30/09 data). The credit union is federally insured by the NCUA (Charter # 68251).