Associated Credit Union of Texas (ACU of Texas) has unveiled a 13-month Share Certificate earning 3.00% APY. This limited-time offer requires a minimum $1k opening deposit of new money. While the Credit Union’s Rates page lists a Jumbo version of its Share Certificates that earn an additional 10 bps for deposits of at least $50k, the 13-month Jumbo ($50k minimum) earns the same 3.00% APY.
According to CSR, the Early Withdrawal Penalty is $25 or all interest earned, whichever is greater. Partial withdrawals are permitted, as are early closures.
In April 2017, ACU of Texas introduced its Premier Checking account. The initial 3.00% APY on qualifying balances up to $20k is still in effect. Qualifying balances of $20k+ earn 0.05% APY, as do non-qualifying balances.
Monthly Qualifying Requirements
- At least 10 signature-based debit card transactions.
- Direct Deposit of at least $500.
- Receive eStatements.
The Premier Checking account requires a minimum opening deposit of $100, and has a $1 minimum balance requirement to keep the account open. There is a $5 monthly service charge should the average daily balance fall below $5k.
Since I last wrote about Associated Credit Union of Texas, the field of membership (FOM) has expanded and now includes individuals who live, work, or worship in the Texas counties of Austin, Brazoria, Burleson, Fayette, Galveston, Harris, Lee, Waller, or Washington, or within ten miles of any branch location.
Family members of current ACU of Texas members are also welcome to apply.
Joining ACU of Texas and/or opening a Share Certificate can be done online, or in person at any of 15 Texas branches located in Alvin, Brenham, Cypress, Deer Park, Friendswood, LaMarque, League City (3), Pasadena, Pearland (3), Santa Fe, and Texas City.
Credit Union Overview
Associated Credit Union of Texas has an overall health grade of "B+" at DepositAccounts.com, with a Texas Ratio of 3.11% (excellent), based on September 30, 2018 data. ACU of Texas has an above average capitalization level (10.49%< the resulting of holding assets of $401.97 million with $43.96 million in equity. Please refer to our financial overview of Associated Credit Union of Texas (NCUA Certificate # 60608) for more details.
Founded in 1949, Associated Credit Union of Texas is currently Texas’ 56th largest credit union, with more than 39,000 members and assets in excess of $409 million. For the fourth year in a row, ACU of Texas was named as a “2018 Top Workplace” by the Houston Chronicle.
”We are thrilled to be selected by the Houston Chronicle as a top workplace for the fourth year in a row,” said CEO Jack Click. “Company culture is vital to our performance as an organization, and we work each day to make sure that our employees feel welcomed, heard and appreciated.”
How the New Money CD Compares
When compared to 319 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Associated Credit Union of Texas' 13-month Share Certificate APY currently ranks first.
The above rates are accurate as of 12/6/2018.
Searching for the best CD rates, either nationwide or state specific? Please refer to our CD Rates Table page.