Complex Community FCU (TX) 6-Month CD Special APY Towers Over All

The 6-Month CD Special offered by Complex Community Federal Credit Union is in a unique position: the 6.00% APY is currently the highest rate offered on any of the more than 19,300 CDs tracked by DA. This limited-time promotion can be opened with a $500 minimum deposit of new money, with no stated balance cap. “New money” is defined as funds from an outside institution.

The 6-month CD Special is also offered as an IRA CD Special (Traditional, Roth), earning the same APY with the same deposit requirements.

Early Withdrawal Penalty

As stated on the Rates page, the Early Withdrawal Penalty reads as follows:

A 90 day dividends penalty will be imposed for early [principle] withdrawal.

Availability

Headquartered in Odessa, Texas, Complex Community Federal Credit Union’s field of membership (FOM) is community-based, with individuals who live, work, worship, or attend school in the west Texas counties of Andrews, Crane, Ector, Gaines, Howard, Lubbock, Martin, Midland, Pecos, Reeves, Upton, Ward, or Winkler eligible to join.

Family members or roommates of a current CCFCU membership are also eligible to join.

Account Opening

Joining CCFCU and/or opening a CD Special can be done at any of the nine full-service Texas branches, located in Andrews, Big Springs, Lubbock, Midland (2), Monahans, and Odessa (3).

If none of the branch locations are convenient, CSR suggested calling the Complex Community Call Center (800.375.2168, Monday-Friday, 8:30 am to 5:30 pm) to initiate a new membership application or to begin the process of opening a CD.

Establishing a CCFCU membership requires opening a Share Savings account with a $25 minimum deposit. While a minimum balance of $25 must be maintained to remain in good standing, a $100 minimum average daily balance is required to earn dividends.

Funding and Other Details

The following is from a conversation with a well-informed CSR.

• Funding – ACH, wire, or check.
• CO-OP Shared Branch Participant – No.
• Ownership – Individual, joint, or trust.
• Dividends – Compounded daily/credited monthly; can be transferred to share/savings account, Money Market account, draft/checking account, or paid out by check to the address on file.
• Maturing Funds – Internal transfer to Share Savings account.
• Beneficiaries – Unlimited, with percentage available; Social Security numbers and DOB required for all beneficiaries.
• Grace Period – 10 calendar days before transfer to Share Savings account (no automatic renewal).
• Credit Check – ChexSystems, credit check only run when applying for a loan.

Credit Union Overview

Complex Community Federal Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 1.31% (excellent) based on March 31, 2023 data. In the past year, CCFCU has increased its total non-brokered deposits by $11.27 million, an above average annual growth rate of 1.98%. Please refer to our financial overview of Complex Community Federal Credit Union (NCUA Charter #12697) for more details.

Complex Community Federal Credit Union is currently the 52^nd largest credit union headquartered in Texas, with more than 41,000 members and assets in excess of $660 million. Chartered in 1958, the driving force behind CCFCU was Herbert Itz, who retired from El Paso Products to start the credit union. Itz’s living room served as the first branch office as CCFCU established its position in the Odessa financial community. When Itz retired from CCFCU in 1998, he had been employed by CCFCU for nearly 40 years.

How the 6-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, no bank or credit union has a higher rate than currently offered on the Complex Community Federal Credit Union 6-month CD Special. The following table compares the 6-month CD 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 7/14/2023.

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