Clearview Fed Credit Union (PA) Adds Limited-Time 15-Month CD Special

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Deal Summary: 15-month Certificate Special, 5.75% APY, $1k minimum deposit, new money required, available through 11/4/2023.

Availability: Ten western Pennsylvania counties (Pittsburgh Metropolitan Statistical Area).

Now through November 4, 2023, Clearview Federal Credit Union (Clearview) is offering a 15-month Certificate Special earning 5.75% APY. This limited-time offer requires a $1k minimum opening deposit of new money, which is defined as funds “not currently or previously on deposit with Clearview Federal Credit Union in the last 30 days.”

Early Withdrawal Penalty

According to CSR, the Clearview 15-month Certificate Special can only be closed early: partial withdrawals are not allowed. As stated in the Truth-in-Savings document, the Early Withdrawal Penalty reads as follows:

Terms of less than 10 Months – 90 days’ dividends
Terms of 10 Months or longer – 180 days’ dividends

The principal will be reduced if a 15-month Certificate Special is closed within 6 months of account opening.

Availability

Headquartered in Moon Township in western Pennsylvania, Clearview Federal Credit Union’s field of membership (FOM) is community-based, with U.S. citizens/resident aliens (18 years or older) who live, work, worship, attend school, or volunteer in the Pennsylvania counties of Allegheny, Armstrong, Beaver, Butler, Fayette, Greene, Indiana, Lawrence, Washington, or Westmoreland eligible for membership. Clearview’s FOM includes the Pittsburgh Metropolitan Statistical Area.

Immediate family (spouse, parent, child, sibling, grandparent, or grandchild) or household members of a current Clearview member or of anyone membership-eligible are also eligible to join.

Account Opening

Joining Clearview and/or opening a Certificate Special can be done online or at any of 18 Pennsylvania branches located in Aliquippa, Beaver, Beaver Falls, Brentwood, Butler, Canonsburg, Delmont, Latrobe, Lower Burrell, McKees Rock, McMurray, Monaca, Moon Township, Pittsburgh (3), Sewickley, and Wexford. Although the FOM does not include any counties in Ohio, there is a branch location in East Liverpool, Ohio, which is about 3 miles from the Pennsylvania border in Beaver County. Appointments are available and can be scheduled online.

Clearview also offers video calls with Clearview Live®. Scheduling a video call can be done online.

Current members can also open a Certificate Special by logging in to Clearview’s digital banking platform and select “Add Product” to start the application process.

The Clearview Savings account is the account you open to become a member of Clearview Federal Credit Union. This account will hold your $10.00 par value deposit. The par value is equal to one share of ownership in the Credit Union.

Funding and Other Details

The following information was obtained in a conversation with CSR, but I’m not totally confident in its accuracy. CSR began every sentence with “I think,” “I’m not sure,” “I believe,”or “I don’t know.”

  • Funding – ACH, wire, check (in-branch), or shared branch transfer.
  • Ownership – Individual or joint.
  • CO-OP Shared Branch Participant – Yes.
  • Dividends – Compounded/credited quarterly; dividends can be paid out by check or transferred to a Clearview Savings account.
  • Maturing Funds – Internal transfer to a Clearview Savings account.
  • Beneficiaries – Unlimited and percentages can be assigned; Social Security numbers are required.
  • Grace Period – None. Prior to maturity date, you must inform Clearview that you do not want the 15-month Certificate Special to automatically renew on the maturity date and want the funds transferred to a Clearview Savings account. If you fail to contact Clearview, the 15-month Certificate Special will renew as a 12-month Certificate on the maturity date.
  • Credit Check – QualiFile*.

*QualiFile is a service provided by the company FIS for financial institutions that "utilizes ChexSystems®, proprietary DebitBureau® database, external public record data and an optional feature of leveraging external credit bureau attributes and credit scores to determine behavioral risk."

Credit Union Overview

Clearview Federal Credit Union has an overall health rating of "B+" at DepositAccounts.com, with a Texas Ratio of 4.08% (excellent) based on June 30, 2023 data. In the past year, Clearview’s total non-brokered deposits decreased by -$8.86 million, an average annual growth rate of -0.56%. Please refer to our financial overview of Clearview Federal Credit Union (NCUA Charter # 9007) for more details.

Founded in 1953, Clearview Federal Credit Union was originally known as the Allegheny Airlines Federal Credit Union. (Allegheny Airlines was the predecessor of USAir, subsequently renamed US Airways, and later merged into American Airlines. In 1953, Allegheny Airlines moved it operations to Pittsburgh.) The Clearview rebrand occurred in 2004, following the adoption of a community-based charter. Clearview Federal Credit Union is currently the seventh largest credit union headquartered in Pennsylvania, with more than 118,000 members and assets in excess of $1.8 billion.

How the 15-Month Certificate 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, one credit union has a higher rate than currently offered on the Clearview Federal Credit Union 15-Month Certificate Special. The following table compares the 15-Month Certificate Special to the two highest-rate CDs from other credit unions and the two highest-rate CDs from banks.

The above information and rates are accurate as of 10/17/2023.

To look for the best CD rates, both nationwide and state specific, please refer to our Best CD Rates Table page.

Related Pages: Pittsburgh CD rates, Youngstown CD rates, 1-year CD rates

Comments
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The $10K cap is better than most of these kinds of teaser-rate CDs. With $10K, you'll earn about $115 over what you would earn in a 5% account.

Field of membership includes those who live, work, worship, go to school in Pittsburgh and several other townships and communities. You can also be...



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The field of membership includes people who live, work, worship, attend school or volunteer in, businesses and legal entities in the Southwestern Pennsylvania Community which includes Allegheny, Armstrong, Beaver, Butler, Fayette, Greene, Indiana, Lawrence, Washington and Westmoreland Counties.

The credit union is NCUA insured. It has $561 million in...



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This credit union's field of membership includes all those who live, work, worship or attend school in Pittsburgh and several communities in Pennsylvania. Also, there's a list of over 200 eligible companies.

A-K Valley FCU has branches in Pittsburgh and Lower Burrell Pennsylvania.



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