Top 5-Year CD Rate at TDECU in the Houston Area - Local Only
Texas Dow Employees Credit Union continues to offer a very competitive 5-year CD rate: 3.00% APY for a $1,000 minimum deposit and a 3.25% APY for a $100,000 minimum. These rates are listed at the credit union's rates page as of 8/19/2011.
When I last reported on this credit union in March, it also had some competitive 3-year and 4-year CD rates, but those rates, unlike the 5-year CD rate, have fallen.
Credit Union Membership
The only place on the credit union's website where I have found the membership eligibility requirements is in the first page of the online account application. At the bottom, you have to select your eligibility field of membership. Some of the options include areas near their branches. The reader pearlbrown mentioned in the comments that the credit union CSR said membership eligibility is now determined by the zip code and county where you live, work or worship. So if you live in the Houston metro area and you are interested in joining, you should contact the credit union.
Credit Union Overview
The credit union has an overall health score at DepositAccounts.com of 4 stars (out of 5) with a Texas Ratio of 15.31% (average) based on March 2011 data. It's a large credit union with $1.66 billion in assets and $1.30 billion in deposits. Please refer to our financial overview of Texas Dow Employees Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 60705).
Searching for the Best CD Rates
To search for the best nationwide CD rates and the best CD rates in your state, please refer to the CD rates section of DepositAccounts.com.