Christian Financial CU (MI) Boosts Rate On 48-Month CD


Availability: Residents of Macomb, Oakland, St. Clair, and Wayne Counties, Michigan; several SEGs; several churches and affiliated schools.

Over the weekend, Christian Financial Credit Union (CFCU) raised the rate on its 48-month CD (2.00% APY). This 60 basis point increase is the first rate change for the 48-month CD in more than five years. The minimum opening deposit is $1k, with no stated balance cap.

2.85%$1k-Christian Financial Credit Union48 Month CD
2.85*%$1k-Christian Financial Credit Union4 Year IRA Certificate
Rates as of September 22, 2019.

The 48-month CD is available as an IRA (Traditional) earning the same APY, with the same funding requirements.

While funding a new account can be done through electronic transfer from another financial institution, there is a limit of $1,500. Funding can also be done by credit or debit card, but is limited to a low $250.

As stated in the Disclosure document, the Early Withdrawal Penalty reads as follows:

The penalty for early withdrawal on the 18-month, two, three
and four year certificate will be 180 days interest on your deposit.


While its name might suggest a religious-affiliate field of membership (FOM), Christian Financial Credit Union’s current FOM is primarily residency based, with individuals who live, work, worship, or attend school in the Michigan counties of Macomb, Oakland, St. Clair, and Wayne eligible to join.

CFCU also offers membership to members of more than 120 churches in the Greater Detroit Metropolitan area, and more than 80 CFCU Member Churches.

The FOM also includes employees/members of 40 companies and organizations, and eleven religious affiliated schools.

Joining CFCU and/or opening a CD can be done online, or in person at any of eleven Michigan branches located in Center Line, Chesterfield, Harper Woods, Livonia, Madison Heights, Novi, Roseville, Saint Clair, Shelby Township, Sterling Heights, and Warren.

Credit Union Overview

Christian Financial Credit Union (NCUA Charter # 63805) has an overall health grade of "A" at, with a Texas ratio of 7.77% (excellent) based on June 30, 2016 data. In the past year, CFCU has increased its total deposits by $9.29 million, an excellent annual growth rate of 3.07%. Please refer to our financial overview of Christian Financial Credit Union for more details.

Christian Financial Credit Union was originally established in 1950 as St. Jude’s Parish Credit Union, serving the parishioners of St. Jude’s Church in Detroit. Beginning in 1998, the Credit Union has experienced four mergers, the most recent being with ARC Credit Union in October 2013. Christian Financial Credit Union is currently the 38th largest credit union in Michigan, with nearly 40,000 members and assets in excess of $351 million.

How the CD Compares

When compared to the 235 similar length-of-term CDs tracked by that require a similar minimum deposit and are available in southeast Michigan, Christian Financial Credit Union’s 48-Month CD APY currently shares the top spot with NASA FCU’s 49-month Share Certificate Special and Bay State Savings Bank’s 48-month CD.

The above rates are accurate as of 11/16/2016.

To look for the best CD rates, both nationwide and state specific, please refer to our CD rates table, or our new Rates Map page.

5.08% 12-Month CD at a Michigan CU (Christian Financial).
Update 3/8/08: The special CD is no longer listed at the credit union's website.

Christian Financial Credit Union is offering a special 5.08% APY share and IRA certificate. The minimum deposit is $1,000, and there appears to be no maximum deposit. It requires enrollment in the credit union's convenience bundle which includes checking account, debit MasterCard and the free online service package. The offer is scheduled to last through March 31, 2008.

According to the credit union's General Information page, you can qualify for membership by joining the Fr. Solanus Guild. The...

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