Allegiance Credit Union (OK) Has Competitive Long-Term CDs

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Deal Summary: CDs – 24-month (1.09% APY), 36-month (1.15% APY), 48-month (1.25% APY), $100k minimum deposit.

Availability: Six counties in the Oklahoma City Metropolitan Statistical Area.

Allegiance Credit Union (ACU) CDs have tiered APYs based on deposit levels of $500, $10k, $50k, and $100k. The 24-, 36-, and 48-month CDs currently offer competitive rates on deposits of $100k and above. These rates have been in effect for about four months.

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.25*%$100k-Allegiance Credit Union48 Month CD
OTHER TIERS: 0.80% $500 - $10k | 1.00% $10k - $50k | 1.15% $50k - $100k
1.15*%$100k-Allegiance Credit Union36 Month CD
OTHER TIERS: 0.70% $500 - $10k | 0.90% $10k - $50k | 1.04% $50k - $100k
1.09*%$100k-Allegiance Credit Union24 Month CD
OTHER TIERS: 0.60% $500 - $10k | 0.85% $10k - $50k | 0.99% $50k - $100k
Rates as of May 10, 2021.

ACU CDs are also available as IRA CDs (Traditional, Roth, CESA), earning the same tiered APYs with the same deposit requirements.

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.25*%$100k-Allegiance Credit Union48 Month IRA (Traditional, Roth, CESA)
OTHER TIERS: 0.80% $500 - $10k | 1.00% $10k - $50k | 1.15% $50k - $100k
1.15*%$100k-Allegiance Credit Union36 Month IRA (Traditional, Roth, CESA)
OTHER TIERS: 0.70% $500 - $10k | 0.90% $10k - $50k | 1.04% $50k - $100k
1.09*%$100k-Allegiance Credit Union24 Month IRA (Traditional, Roth, CESA)
OTHER TIERS: 0.60% $500 - $10k | 0.85% $10k - $50k | 0.99% $50k - $100k
Rates as of May 10, 2021.

CSR stated in a Live Chat that Early Withdrawal Penalty for CDs with terms of 18 months or greater is 6 months of interest, with partial withdrawals allowed.

Availability

Headquartered in Oklahoma City, Allegiance Credit Union’s field of membership (FOM) is primarily residency-based, with individuals who live, work, worship, or attend school in the Oklahoma counties of Canadian, Cleveland, Logan, McClain, Oklahoma, and Pottawatomie, qualify for membership. These six counties comprise the Oklahoma City Metropolitan Statistical Area.

Any active employee of the federal government whose post of duty is in Oklahoma, including members of the Oklahoma National Guard, retirees, and un-remarried widows or widowers, are also eligible to join. Employees of Southwestern Oklahoma State University also qualify for membership.

Immediate family members of current ACU members also qualify. “Immediate family member” is defined by ACU as “the member's spouse, parents of the spouse, the member's parents, grandparents, children, grandchildren, and the member's brothers and sisters.”

Joining ACU and/or opening a CD can be done online or at any of four Oklahoma branches, located in Edmond and Oklahoma City (3). There is no mention of any branch COVID-related restrictions (hours, appointments, etc.) on Allegiance CU’s website.

To open your Primary Savings Account, a $5 minimum deposit will be required. Please note, a $5 balance must be maintained in order to fulfill your membership status requirement.

ACU participates in the CO-OP Shared Branch network, providing members with access to more than 5,600 shared branches. ACU members can also access surcharge-free ATMs at all TransFund locations.

Credit Union Overview

Allegiance Credit Union has an overall health rating of "A+" at DepositAccounts.com, with a Texas Ratio of 5.08% (excellent) based on September 30, 2020 data. In the past year, ACU has increased its total non-brokered deposits by $44.68 million, an excellent annual growth rate of 17.69%. Please refer to our financial overview of Allegiance Credit Union (NCUA Charter # 63250) for more details.

Allegiance Credit Union is currently the eleventh largest credit union headquartered in Oklahoma, with more than 25,000 members and assets in excess in $325 million. Established in 1963 as Federal Employees Credit Union, the original branch was homed in the basement of the Federal Courthouse in Oklahoma City.

In 1977, we moved into the new Alfred P. Murrah Federal building to serve the employees that worked there. Over the years we grew to 33 employees with assets of $76 million and we served over 15,000 members worldwide from that one office.

On April 19, 1995, everything changed. Shortly after 9:00 am, Oklahoma City experienced a brutal act of terrorism when a blast erupted and laid waste to the structure, and shook the countryside for miles. 168 people lost their lives, over 100 of them were our members.

Eighteen employees, a board member, and a credit committee member died in the blast. Five surviving employees were not in the building at the time. Ten other credit union survivors were in the building — some escaped with cuts and bruises, while others were taken to the hospital. Some of the remaining survivors were too traumatized to return to work.

We have not forgotten our past and the friends we lost on that tragic day in April of 1995.

How the CDs Compare

When compared to the similar length of term CDs tracked by DepositAccounts.com that are available within the FOM, Allegiance Credit Union’s 24-month CD APY currently ranks first, regardless of minimum deposit requirements.

When compared to the similar length of term CDs tracked by DepositAccounts.com that are available within the FOM, Allegiance Credit Union’s 36-month CD APY currently ranks second, regardless of minimum deposit requirements.

When compared to the similar length of term CDs tracked by DepositAccounts.com that are available within the FOM, Allegiance Credit Union’s 48-month CD APY currently ranks second, regardless of minimum deposit requirements.

The above information and rates are accurate as of 2/22/2021.

Looking for the best CD rates, either nationwide or state-specific? Please refer to our CD Rates Table page.

Related Pages: Oklahoma City CD rates, 5-year CD rates

Comments
High-Yield Reward Checking Account at Allegiance Credit Union in Oklahoma

Allegiance Credit Union has a reward checking account that pays 4.01% APY on balances up to $20,000 (0.60% for above) and refunds ATM fees nationwide up to $25 per month if the following monthly requirements are met:

  • 12 Visa check card purchases
  • one direct deposit or automatic payment
  • receive electronic statements

If these are not met, the rate falls to 0.20%. Minimum initial deposit is $25. There is no monthly service charge or minimum balance requirement. Multiple accounts can be opened, but requirements must be met for each account.

Membership is open to anyone who...

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