Bucking the trending of falling rates, AmeriCU has raised the rates on several of its Share Certificates. The 24-35 month requires a $1k minimum deposit, while the 48-59 and 60-72 require a $500 minimum deposit.
AmeriCU’s Share Certificates are tiered into four MemberPlus levels (Core, Flex/Connect, Connect Plus, and Partner), with APYs increasing by approximately five basis points per level.
AmeriCU automatically qualifies Member accounts for the appropriate MemberPlus level. The products contributing to the total account balances are: savings, checking, money market savings, certificates, auto loans, signature loans and mortgage loans including home equity loans and lines of credit and first mortgages.
The Share Certificates are also available as IRAs (Traditional, Roth, and CESA), earning the same tiered APYs with the same funding and MemberPlus level requirements.
15-Month Share Certificate Special
About two weeks ago, AmeriCU added a 15-month Share Certificate Special. Like the other Share Certificates in the product line, the 15-month Special has tiered APYs, based on the MemberPlus criteria.
As stated in the Truth-in-Savings disclosure, the Early Withdrawal Penalty reads as follows:
For accounts with terms longer than 12 months, the amount of early withdrawal penalty for your account is all accrued dividends up to 180 days' dividends but not less than seven (7) days' dividends.
Headquartered in Rome, New York, AmeriCU’s field of membership (FOM) includes individuals who live, work, worship, or attend school in the New York counties of Cayuga, Cortland, Herkimer, Jefferson, Lewis, Madison, Oneida, Onondaga, and Oswego.
Employees of 22 AmeriCU Business Partners are also eligible to join, as are members of three associations – ABVINNY (Association for the Blind and Visually Impaired of Northern New York), ESF (State University of New York College of Environmental Science and Forestry), and NYSSA (New York State Snowmobile Association).
Relatives and household members of current AmeriCU members or membership-eligible individuals are welcome to apply.
Complete and specific details are listed on the first page of AmeriCU's online application (time-sensitive, so I have not included a direct link).
Joining AmeriCU and/or opening a CD can be done online or at any of 20 New York branches located in Auburn, Camillus, Cazenovia, Cicero, Cortland, Fayetteville (2), Fort Drum, Herkimer, Liverpool, Lowville, Oneida, Rome (2), Syracuse (3), Utica, Watertown, and Yorkville.
You can open an account and become a member with just $5.
AmeriCU participates in the CO-OP Share Branch and,
is among 5,000+ Shared Branching locations that form a national network of Credit Union Service Centers. It’s a cooperative effort called shared branching that enables our members to make deposits, withdrawals, balance inquiries, transfers between accounts, and buy money orders at any participating credit union location.
Credit Union Overview
AmeriCU Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas ratio of 6.02% (excellent) based on March 31, 2019 data. In the past year, AmeriCU has increased its total non-brokered deposits by $86.76 million, an excellent annual growth rate of 6.65%. Please refer to our financial overview of AmeriCU Credit Union (NCUA Charter # 68433) for more details.
AmeriCU Credit Union was chartered in 1950 as the Griffiss Employees Credit Union, serving only civilian members of Griffiss Air Force Base in Rome. Following two mergers, three name changes, and a change to a New York State charter, AmeriCU Credit Union emerged in 2000. AmeriCU is currently the 14th largest credit union in New York State, with nearly 134,00 members and assets in excess of $1.6 billion.
How the Share Certificate Special Compares
When compared to 169 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, AmeriCU Credit Union’s 15-month Share Certificate Special APYs currently rank in the top four.
How the Share Certificates Compare
When compared to the similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, all of AmeriCU Credit Union’s 24-35, 48-59, and 60-72 Month Share Certificate APYs currently rank in the top five.
The above rates are accurate as of 8/5/2019.
To search for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.