Allegent Community FCU (PA) Unveils Competitive 13-Month CD Special

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Deal Summary: 13-month CD Special, 1.00% APY, $2.5k min/$100k max deposit per member, new money

Availability: Allegheny, Beaver, and Butler Counties, Pennsylvania

For a limited time, Allegent Community Federal Credit Union (Allegent) is offering a 13-month CD Special earning 1.00% APY. While there is no end-date specified, the landing page states that the offer may be discontinued at any time. The minimum opening deposit is $2.5k, with a $100k maximum deposit per member; new money is required.

The 13-month CD Special is also available as an IRA CD Special (Traditional, Roth, CESA), earning the same APY with the same deposit requirements.

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

We may impose a penalty if you withdraw funds from your account before the maturity date.

Terms of longer than 6 months: 180 days’ dividends

There is no language in the TIS that allows ECCU to deny an early withdrawal.

There is grace period of seven calendar days before the 13-month CD Special renews as a 12-month CD..

Availability

Headquartered in Pittsburgh, Allegent Community Federal Credit Union’s field of membership (FOM) is primarily community-based, with individuals who live, work, worship, or attend school in the Pennsylvania counties of Allegheny, Beaver, or Butler eligible for membership.

Immediate family members (spouse, children, parents, siblings, grandchildren and step and adoptive relations) of a current Allegent member are welcome to apply.

Joining Allegent can be done online or at any of five Pennsylvania branches located in Cranberry Township, Pittsburgh (3), and Wexford.

Opening a CD Special can be done at any of the above-mentioned branch locations or by calling 412.642.2875.

All you need to do, in order to establish your membership, is open a savings account with an initial $5 deposit and from there, all of our products and services are available at your fingertips.

Allegent participates in the CO-OP Shared Branch network, but not the ATM network.

For added convenience, our members also have access to any of the PNC Bank® ATMs surcharge free. That gives you access to over 800 ATMs in the PA region & over 9,000 nationwide.

Credit Union Overview

Allegent Community Federal Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 4.88% (excellent) based on December 31, 2021 data. In the past year, Allegent has increased its total non-brokered deposits by $89.01 million, an excellent annual growth rate of 67.16%. Please refer to our financial overview of Allegent Community Federal Credit Union (NCUA Charter # 205) for more details.

Established in 1935 by ten Federal employees with $70, Allegent was originally known as the Allegheny Co. (PA) U.S. Government Employees Federal Credit Union and was housed in the U.S. Post Office and Courthouse Building in downtown Pittsburgh. The Allegent Community Federal Credit Union rebrand occurred in 2006 when a community charter was adopted. Further FOM expansion was the result of mergers with Eastern Pittsburgh Bell Federal Credit Union (2014) and Riverset Credit Union (2021). Currently the 33rd largest credit union headquartered in Pennsylvania, Allegent Community Federal Credit Union has more than 21,000 members and assets in excess of $265 million.

How the 13-Month CD Special Compares

When compared to similar length-of-term CDs tracked by DepositAccounts.com that are available within the FOM and have minimum deposit requirements of $10k or less, two banks currently have higher rates than offered on the Allegent Community Federal Credit Union 13-month CD Special. The following table compares the Allegent 13-month CD Special to the two highest-rate CDs from other credit unions and the two highest-rate CDs from banks.

The above information and rates are accurate as of 3/15/2022.

To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table.

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

Comments

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