Complex Community Federal Credit Union’s (CCFCU) 60-month CD is truly unique: it currently has the highest rate (2.10% APY) offered on any of the nearly 3,300 5-year CDs tracked by DA. What’s even more unusual is that the 2.10% APY has been in effect since 2011. The 60-month CD can be opened with a $500 minimum deposit, with no stated balance cap.
CCFCU offers additional bps on its CDs for those who belong to the Members Advantage program. Offered through BaZing, a Members Advantage subscription starts at $5.75 per month and is a benefits package that includes cell phone protection, roadside assistance, and local shopping discounts.
The 60-month CD is also offered as an IRA CD (Traditional, Roth), earning the same APY with the same deposit requirements.
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.
In the past, this very mild EWP didn’t apply to the 60-month CD, but according to CSR, that’s no longer the case. Should rates begin to rise significantly in the next four or five years, closing a 60-month CD wouldn’t be that financially painful. Using DA’s Early Withdrawal Penalty Calculator, you can see what the effective yields would be on a month-by-month basis. For example,
- 1.98% APY – closed at 4 years
- 1.93% APY – closed at 3 years
- 1.84% APY – closed at 2 years
- 1.76% APY – closed at 18 months
- 1.58% APY – closed at 1 year
Headquartered in Odessa, Texas, Complex Community Federal Credit Union’s field of membership (FOM) has recently expanded and includes four new West Texas counties. 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 are eligible to join. (FYI – CCFCU’s FOM is now available on its website and CSR confirmed the information.)
Joining CCFCU and/or opening a CD can be done at any of the re-opened eight Texas branches, which are located in Andrews, Big Springs, Midland (2), Monahans, and Odessa (3). A new branch location in Lubbock is scheduled to open later this year.
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 Basic Savings account with a $25 minimum deposit.
CCFCU participates in the CO-OP ATM network, giving members access to nearly 30,000 surcharge-free ATMs.
Credit Union Overview
Complex Community Federal Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 1.45% (excellent) based on March 31, 2021 data. In the past year, CCFCU has increased its total non-brokered deposits by $52.17 million, an excellent annual growth rate of 10.87%. 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 49th largest credit union headquartered in Texas, with nearly 40,000 members and assets in excess of $610 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 CD Compares
When compared to 193 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Complex Community Federal Credit Union's 60-Month CD APY currently ranks first.
The above rates are accurate as of 7/23/2021.
To look for the best CD rates, either nationwide or state specific, please refer to our CD Rates Table page.