Atlanta Postal Credit Union (APCU) is the latest credit union to offer 3% on a one-year CD. For a limited time, APCU is offering a 12-month CD Special that can be opened with a $2.5k minimum deposit of new money. Funds transferred from an “existing APCU or Center Parc Credit Union account will not be eligible” to earn the 3.00% APY. (Center Parc Credit Union is a division of APCU and is also offering the 12-month CD Special.)
As stated in the Rate and Fee Schedule,, the Early Withdrawal Penalty reads as follows:
Terms of 1 year or more - 180 days interest.
The penalty is calculated as a forfeiture of part of the interest that has been or would be earned on the account. It applies whether or not the interest has been earned. In other words, if the account has not yet earned enough interest or if the interest has already been paid, the penalty will be deducted from the principal.
Funding a CD Special can be done by ACH, wire transfer, or check (if opened in-branch). APCU participates in the CO-OP Shared Branch network, facilitating the transfer of funds.
Dividends are compounded daily and can be credited either monthly or quarterly (your choice). Credited dividends can be paid out by check, transferred into an APCU savings/checking account, or remain in the CD Special.
Maturing funds can be distributed by wire, cashier’s check to the address on file, or transferred to an APCU savings or checking account. There is a ten calendar day grace period before a 12-month CD Special automatically renews as a standard 12-month CD.
Beneficiaries can be added (or removed) using the Account Change Request form. Social Security numbers are required for all named beneficiaries. A completed Account Change Request form can be returned by email ([email protected]), by snail mail (3900 Crown Rd., Atlanta, GA 30380), or in person at any branch locations.
Many thanks to DA reader, aaflygirl, for the Forum post about the APCU 12-month CD Special.
Headquartered in Atlanta, Georgia, Atlanta Postal Credit Union's field of membership (FOM) is varied, with residency and employment determining eligibility.
Residency: Individuals who live or work in the Georgia counties of Bibb, Bryan, Chatham, DeKalb, Effingham, Floyd, Fulton, Gwinnett, or Muscogee are eligible to join.
Employment: As you would imagine from the APCU name, the United States Postal Service (USPS) is featured prominently in the FOM, with employees, retirees, and members of 11 organizations associated with the USPS qualifying for membership. Some of the organizations included in the FOM are USPS, National Rural Letter Carriers, United Postmasters and Managers of America, and National Association of Retired Postal Inspectors.
Employees and members of more than 40 other companies, organizations, and associations are eligible for membership. A complete list can be found on APCU’s Membership page.
Family Relationship: Individuals who are related by blood, marriage, or adoption, or individuals who in the same household with someone who is membership-eligible or already an APCU member are welcome to apply. Spouses, siblings, parents, children, grandchildren, grandparents, aunts, uncles, nieces, nephews, and in-laws of a current APCU all qualify for membership.
Joining APCU and/or opening a CD Special can be done online or at any of the eight full-service Georgia branches located in Atlanta (2), Columbus, Decatur (2), Duluth, Macon, and Rome. APCU also has a branch in Asheville, North Carolina on Brevard Road.
Center Parc Credit Union is a division of APCU, with APCU members able to conduct APCU transactions and business at any of four Center Parc Credit Union branches located in Atlanta (2), Pooler, and Savannah.
Opening a Primary Savings Share Account with a minimum $5 deposit establishes an APCU membership.
In addition to above-mentioned branch locations, APCU also offers,
more than 5,000 CO-OP Shared Branch locations, a network of more than 70,000 ATMs and convenient online and mobile branch services.
Credit Union Overview
Atlanta Postal Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 2.47% (excellent) based on June 30, 2020 data. In the past year, APCU has increased its total non-brokered deposits by $73.83 million, resulting in an excellent annual growth rate of 3.32%. Please refer to our financial overview of Atlanta Postal Credit Union (NCUA Charter # 67389) for more details.
Atlanta Postal Credit Union is currently Georgia’s fourth largest credit union, with nearly more than 103,000 members and assets in excess of $2.5 billion. APCU is also Georgia’s oldest credit union.
In 1922, Atlanta Post Office employee Claude M. Harrell read an article in Colliers Magazine about Boston businessman and philanthropist Edward Filene and his establishment of a new kind of cooperative financial institution: the credit union. Mr. Harrell believed a credit union's emphasis on people helping people could help improve the financial well-being of postal employees in Georgia. He led the effort to gain legislative support for the necessary laws that would allow the establishment of a not-for-profit financial institution. In 1925, the laws passed and APCU was chartered.
How the 12-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 and two credit unions have a higher rate than offered on the Atlanta Postal Credit Union 12-month CD Special. The following table compares the 12-month CD Special to the two highest-rate CDs from other banks, the two highest-rate CDs from other major online banks and the two highest-rate CDs from credit unions.
To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.
The above information and rates are accurate as of 9/13/2022.