Centris Federal Credit Union Adds 14-Month Jumbo CD (2.85% APY)

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Deal Summary: Jumbo CDs – 14-month (2.85% APY) and 40-month (3.41% APY), $90k min deposit. CDs – 14-month (2.75% APY) and 40-month (3.30% APY), $500 min deposit.

Availability: Residents of Douglas, Hall, and Sarpy Counties, Nebraska, and Pottawattamie County, Iowa.

Nebraska-based Centris Federal Credit Union (Centris) began the month by adding two Jumbo CDs ($90k min deposit) and two CDs ($500 min deposit). All four CDs are quite competitive and have the highest CD APYs currently offered by Centris.

APYMINMAXINSTITUTIONPRODUCTDETAILS
3.41%$90k-Centris Federal Credit Union40 Month Jumbo CD
3.30%$500-Centris Federal Credit Union40 Month CD
2.85%$90k-Centris Federal Credit Union14 Month Jumbo CD
2.75%$500-Centris Federal Credit Union14 Month CD
Rates as of September 23, 2018.

According to CSR, partial withdrawals are permitted, but the Early Withdrawal Penalties are substantial:

  • 14-month CD – 360 days of interest
  • 40-month CD – 540 days of interest

Availability

Headquartered in Omaha, Nebraska, Centris Federal Credit Union’s field of membership (FOM) is residency based, with individuals who live or work in Douglas, Hall, or Sarpy Counties, or in the Nebraska cities of Omaha or Lincoln, eligible for membership. The FOM also includes individuals who live or work in Pottawattamie County, Iowa.

Joining Centris and/or opening a CD can be done at any of the eleven full-service Nebraska branches, located in Bellevue, Grand Island, LaVista, North Platte, and Omaha (7), or the two Iowa branches in Council Bluffs.

There is also an online “Contact Us” form to start the application process. Following submission, “a Centris representative will contact you within 24 business hours.”

Credit Union Overview

Centris Federal Credit Union has an overall health grade of "B+" at DepositAccounts.com, with a Texas Ratio of 8.88% (excellent), based on March 31, 2018 data. In the past year, Centris has increased its total non-brokered deposits by $15.38 million, an above average annual growth rate of 2.72%. Please refer to our financial overview of Centris Federal Credit Union (NCUA Charter # 28) for more details.

Centris Federal Credit Union is currently Nebraska’s second largest credit union, with more than 97,700 members and assets in excess of $699 million. Established in 1934 as the Omaha Telephone Employees Federal Credit Union, the original FOM included only Northwestern Bell Telephone employees.

In 1934 the employees started their credit union with less than $50 in deposits; by the end of 1934 our asset size had grown to $664. The maximum secured loan was $50 and the maximum unsecured loan was $25. Back then, the credit union was open for only a half hour one day per week, or by special appointment.

There have been two name changes – Bell Federal Credit Union (1974) and Centris Federal Credit Union (2000) – reflecting “changing economic environments and changing membership groups.”

How the Jumbo CDs and CDs Compare

When compared to the similar length-of-term CDs tracked by DepositAccounts.com that are available within the FOM, Centris Federal Credit Union's 40-month Jumbo CD and CD APYs currently rank first and third, regardless of minimum deposit.

Interest RateCD Length of TermCredit Union/Bank
3.41% APY40-Month Jumbo CD ($90k min)Centris Federal Credit Union
3.33% APY33-Month CD Special ($1k min)Great Lakes Credit Union
3.30% APY40-Month CD ($500 min)Centris Federal Credit Union

When compared to the similar length-of-term CDs tracked by DepositAccounts.com that are available within the FOM, Centris Federal Credit Union's 14-month Jumbo CD and CD APYs currently rank first and second, regardless of minimum deposit.

Interest RateCD Length of TermCredit Union/Bank
2.85% APY14-Month Jumbo CD ($90k min)Centris Federal Credit Union
2.75% APY14-Month CD ($500 min)Centris Federal Credit Union
2.65% APY13-Month CD ($2k min)Synchrony Bank

The above rates are accurate as of 9/6/2018.

To search for the best CD rates, both nationwide and state-specific, please refer to our CD rates table page.

Related Pages: Omaha CD rates, Lincoln CD rates, North Platte CD rates, 1-year CD rates, 5-year CD rates

Comments

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