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Cheney Federal Credit Union


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/1/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/1/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/1/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
www.cheneyfcu.com
509-235-6533
520 1St St
Cheney, WA 99004

Cheney Federal Credit Union is headquartered in Cheney and is the 37th largest credit union in the state of Washington. It is also the 1,527th largest credit union in the nation. It was established in 1951 and as of March of 2025, it had grown to 16 employees and 6,375 members at 2 locations. Cheney Federal Credit Union's CD rates are 4X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Cheney Federal Credit Union membership is open to those who live, work, worship or attend school in the Medical Lake or Cheney school districts or is an immediate family member of a current credit union member.
See current membership details

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Health
B+

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
NCUA #7101
Year Chartered1951
Employees16
Primary Regulator
Profit Margin
Return on Assets - YTD0.32%
Return on Equity - YTD3.32%
Annual Interest Income$1.2MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$143.5MM$149.8MM
LoansQ1 2025vs Q1 2024$74.6MM$74.7MM
DepositsQ1 2025vs Q1 2024$128.7MM$135.2MM
Equity CapitalQ1 2025vs Q1 2024$13.5MM$13.1MM
Loan Loss AllowanceQ1 2025vs Q1 2024$184K$136K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$310K$53K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/1/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/1/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/1/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Cheney Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.16%*$50k*-Super Saver Share Account
OTHER TIERS: 0.35% → $5 - $2.5k | 0.60% → $2.5k - $5k | 0.75% → $5k - $25k | 0.95% → $25k - $50k
0.35%$20-Regular Share Savings
0.35%$5-All Kid's Club Accounts
0.35%$5-Holiday Club Account

Cheney Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$500-Share Draft Checking

Cheney Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.65%$50k-6 Month Super Share Certificate
3.65%$50k-12 Month Super Share Certificate
3.65%$50k-18 Month Super Share Certificate
3.65%$50k-24 Month Super Share Certificate
3.55%$500-6 Month Share Certificate
3.55%$500-12 Month Share Certificate
3.55%$500-18 Month Share Certificate
3.55%$500-24 Month Share Certificate
3.55%$500-36 Month Bump Rate Share Certificate
3.55%$50k-36 Month Bump Rate Super Share Certificate

Cheney Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.04%$2k-18 Month IRA Share Certificate
3.04%$2k-36 Month IRA Share Certificate
3.04%$2k-48 Month IRA Share Certificate
3.04%$2k-60 Month IRA Share Certificate
0.50%$5-IRA Share Savings
Locations


Cheney Federal Credit Union Locations
Branch Office520 1ST STCheney, WA 99004-1603
Branch Office10505 W Westbow RdSpokane, WA 99224-7434

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