ACFCU (TX) 11-Month No Penalty CD Special Is Near Rate-Leader


Deal Summary: 11-month No Penalty CD Special, 5.41% APY, $10k minimum deposit, new money.

Availability: Three Texas Panhandle counties

ACFCU is currently offering an 11-month No Penalty CD Special with a competitive 5.41% APY. The minimum opening deposit is $10k of new money, which is defined as funds “not on deposit with ACFCU prior to opening certificate of deposit.” According to CSR, the No Penalty CD Special can only be closed early; a partial withdrawal is not permitted. If the No Penalty CD Special should be closed in the first six days following opening, it will be subject to a 90 days early withdrawal penalty.

5.41%$10k-ACFCU11 Month No Penalty CD Special - New Money
Rates as of December 10, 2023.

Excess Share Insurance

In addition to the NCUA insurance coverage on funds up to $250k, ACFCU also provides insurance on funds up to an additional $250k through the Excess Share Insurance Corporation.

ESI allows qualifying credit unions to customize the protection provided to members with deposit account balances in excess of $250,000. ESI's Excess Share Insurance Coverage applies to any credit union account currently subject to the maximum level of $250,000 in coverage provided by NCUA.


Headquartered in Amarillo, Texas ACFCU’s field of membership (FOM) is community-based, with individuals who live, work, worship, or attend school in the Texas Panhandle counties of Gray, Potter, or Randall eligible to join.

Joining ACFCU and/or opening a No Penalty CD Special can be done at any of the six full-service Texas branches, located in Amarillo (5) and Pampa. ACFCU also operates a Home Loan Center in Amarillo.

If none of the six branch locations are conveniently located, CSR suggested contacting the ACFCU Call Center (806.358.7561), Monday-Friday (9:00 am to 5:00 pm), to start a new membership application and/or begin the process of opening a CD. ACFCU’s website also has a “Contact Me” form that can be submitted online.

A regular Savings Account with a $5.00 minimum balance establishes your credit union membership. Dividends are calculated and paid quarterly using the average daily balance method when your balance meets or exceeds $200.

Funding and Other Particulars

The following information is from the Truth-in-Savings disclosure and a conversation with CSR.

  • Funding – ACH, wire, or check.
  • Ownership – Individual or joint.
  • CO-OP Shared Branch Network – No.
  • Dividends – Compounded/credited monthly; automatic monthly transfers to ACFCU Savings account can be set up when opening the NP CD Special.
  • Maturing Funds – Transferred into an ACFCU Savings account.
  • Grace Period – None; funds transferred to ACFCU Savings upon maturity.
  • Beneficiaries – Unlimited, percentages can be assigned; Social Security numbers are not required for beneficiaries.
  • Credit Check – None (according to CSR).

Credit Union Overview

ACFCU has an overall health grade of "B" at, with a Texas Ratio of 3.71% (excellent) based on June 30, 2023 data. In the past year, ACFCU’s total non-brokered deposits decreased by -$4.98 million, an average annual growth rate of -1.84%. Please refer to our financial overview of ACFCU (NCUA Charter #5168) for more details.

Established in 1945 as the Amarillo U.S. Employees Federal Credit Union, the original FOM was exclusive to employees of the Bureau of Reclamation. (As part of the Department of the Interior, the Bureau of Reclamation oversees water resource management in the western states, specifically irrigation, water supply, and hydroelectric power generation.) In the early 80s, the FOM began to expand, allowing other SEGs to join; when the number of SEGs surpassed 250, a community charter was adopted. 1998 was a pivotal year for the credit union: the charter was expanded to include the residents of three Texas Panhandle counties and the credit union rebranded as Amarillo Community Federal Credit Union. Four years ago, the ACFCU rebrand occurred: “a new brand, but the same great service.” ACFCU is currently the 76th largest credit union headquartered in Texas, with nearly 30,000 members and assets in excess of $352 million.

How the 11-Month No Penalty CD Special Compares

When compared to the no-penalty CDs tracked by that have a term of at least 11 months and are available within the FOM, only one credit union has a higher rate than the rate offered on the ACFCU 11-month No Penalty CD Special. The following table compares the 11-month No Penalty CD Special to the four highest-rate No Penalty CD APYs from other credit unions and banks.

The above information and rates are accurate as of 10/2/2023.

To look for the best CD rates, both nationwide and state specific, please refer to our Best CD Rates Table page. For the best no-penalty CD rates, please refer to our No Penalty CD Rates Table of the liquid account summary.

Related Pages: Amarillo CD rates, 1-year CD rates

ACFCU (TX) Has Two Competitive Short-Term CDs
Deal Summary: 6-month Certificate (0.70% APY), 12-month Certificate (0.70% APY), $1k minimum deposit

Availability: Three Texas Panhandle counties

In early May, ACFCU began offering 0.70% APY on all its Certificates. This change to a “uni-rate” involved rate increases (between 10-45 bps) for the majority of the Certificates, except the 60-month, which lost 10 bps. Of the five Certificates in the product line, the 6-month and 12-month Certificates are the most competitive. The minimum opening deposit is $1k, with no stated balance cap.

The Certificates are also offered...

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