AEA FCU (AZ) Adds Two Limited-Time Special Certificates

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Availability: Residents of La Pez and Yuma Counties, Arizona.

AEA Federal Credit Union (AEA FCU) added two Special Certificates last week: 9-month (1.00% APY) and 15-month (1.50% APY). Both Special Certificates require a $1k minimum deposit of new money, with a $100k balance cap.

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.50%$1k$100kAEA Federal Credit Union15 Month Share Certificate Special
1.00%$1k$100kAEA Federal Credit Union9 Month Share Certificate Special
Accounts mentioned in this post. Rates as of December 3, 2016.

These are limited-time offerings, and while there is no stated end date, the promo page presents the Special Certificates as a “Thanksgiving Special,” suggesting they may not last long.

As stated in the Truth in Savings document, the Early Withdrawal Penalty reads as follows:

If your account has an original maturity of 365 days or less: The penalty we may impose will equal 90 days dividends on the current balance of the certificate. This may include part of your principal deposit.

If your account has an original maturity of more than 365 days: The penalty we may impose will equal 180 days dividends on the current balance of the certificate. This may include part of your principal deposit.

Note: Partial withdrawals are not allowed: withdrawals must be for the full balance of the Certificate, resulting in its closure.

Availability

Headquartered in Yuma, Arizona, AEA Federal Credit Union’s field of membership (FOM) is primarily residency based, with individuals who live, work, worship, or attend school in the Arizona counties of La Paz or Yuma eligible to join.

Family and household members of current AEA FCU members also qualify membership.

Joining the AEA FCU and/or opening a Share Certificate Special can be done onlineat any of the five Arizona branches located in Parker, Somerton, and Yuma (3).

Credit Union Overview

AEA Federal Credit Union (NCUA Charter # 4915) has an overall health grade of "C+" at DepositAccounts.com, with a Texas ratio of 29.79% (average), based on June 30, 2016 data. In the past year, AEA FCU increased its total deposit by $36k, an average annual growth rate of 0.02%. Please refer to our financial overview of AEA Federal Credit Union for more details.

Established in 1942 with seven founding members and $35 in deposits, AEA Federal Credit Union's original FOM included public school employees in Yuma County, Arizona. A quick glance at the “health grade” detailed above isn’t that impressive, but AEA FCU belongs to the “Survivors Club” – a very small group of credit unions that have been released from conservatorship.

A June 2016 article in Credit Union Times stated,

For the tiny handful that have convinced regulators in recent years to give them a second chance and release them from conservatorship, Independence Day takes on a whole new meaning.

After about five years in conservatorship, the NCUA returned control of the Yuma, Arizona-based credit union to its members on December 18, 2015.

As the one-year anniversary of its “Independence Day” nears, AEA FCU is currently Arizona’s 13th largest credit union, with more than 33,300 members and assets in excess of $253 million.

How the Share Certificate Special Compares

When compared to the 196 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, AEA Federal Credit Union's 9-month Special Certificate currently ranks first.

Interest RateCD Length of TermCredit Union/Bank
1.00% APY9-Month Special Certificate ($100k max)AEA Federal Credit Union
0.95% APY9-Month Yield Pledge CD (no max)EverBank
0.90% APY9-Month CD (no max)Chevron Federal Credit Union

When compared to the 153 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, AEA Federal Credit Union's 15-month Special Certificate currently ranks third.

Interest RateCD Length of TermCredit Union/Bank
1.60% APY16-Month CD (no max)Consumers Credit Union
1.51% APY15-Month CD Special ($100k max)USALLIANCE Financial
1.50% APY15-Month Special Certificate ($100k max)AEA Federal Credit Union

The above rates are accurate as of 11/28/2016.

To look for the best CD rates, both nationwide and state specific, please refer to our CD rates table or our Rates Map page.

Comments
2.00% 12-Month CD Special at AEA Federal Credit Union in AZ - Local Only

AEA Federal Credit Union is offering a special 2.00% APY 12-month CD. Minimum deposit is $10,000. It's called the CEO special, and it's listed in the credit union's rates page as of 2/16/2010.

Membership is open to anyone who lives, works, worships, or attends school in either Yuma or La Paz County, Arizona. Please refer to the credit union's Eligibility Page for the full details. Membership requires a one-time $5 fee and a minimum balance of $25 in the share savings account.

The credit union's ratings for safety and soundness are a...



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4.33% 2-Year CD at AEA Federal Credit Union in Arizona
Update 2/12/09: CD rates have fallen. Please check the credit union's website for the latest rates.

AEA Federal Credit Union is offering some competitive certificate rates. The most competitive is a special two year certificate with a 4.33% APY. Minimum deposit is $10,000, and new money is required. There's also a special penalty-free 2-year certificate with a 3.30% APY and a special 1-year certificate with a 3.56% APY. IRA certificate rates are also very competitive: 4% APY for 12 months, 4.25% APY for 24 months and 4.50% A PY for 36...

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