Cooperative Teachers Credit Union (TX) Has Competitive 3-Month CD Special


Deal Summary: 3-month CD Special, 1.55% APY, $1k minimum. 36-month CD, 0.95% APY, $1k minimum.

Availability: Six east Texas counties; possible easy membership requirement.

Cooperative Teachers Credit Union (CTCU) currently has two competitive CDs: a 3-month CD Special (1.55% APY) and 36-month CD (0.95% APY). The minimum opening deposit for either is $1k, with no stated balance cap.

3.19%$1k-Cooperative Teachers Credit Union36 Month CD
3.19%$1k-Cooperative Teachers Credit Union36 Month IRA (Traditional, Roth, CESA)
Rates as of December 8, 2022.

The 3-month CD Special and 36-month CD are also offered as IRA CDs (Tradition, Roth, and CESA), earning the same APYs with the same $1k minimum deposit requirement.

According to CSR, the 3-month CD Special isn’t a limited-time offering, strictly speaking: it’s been part of the product line for more than year. And the 1.55% APY has been in effect the entire time. While the CD Special does not automatically renew, CSR stated a new 3-month CD Special can be opened following maturity.

As stated in the Truth-in-Savings disclosure, the rather severe Early Withdrawal Penalty (EWP) reads as follows:

For all accounts, the amount of early withdrawal penalty for
your account is all accrued interest plus 2.50% of the principal.

CSR stated the EWP was designed to specifically discourage any withdrawals.

$150 Bonus

CTCU is also offering up to $150 in bonuses for new members. Three $50 bonuses are available and include:

  • Receive $50 for opening a checking account with a debit card and direct deposit of $100 or more.
  • Receive $50 for opening a personal or auto loan of $3,000 or more.
  • Receive $50 for opening a term share certificate with a balance of $5,000 or more.

A CTCU savings account with eStatements must be opened with a minimum $20 deposit. The above requirement(s) must be within 45 days of becoming a member to earn the bonus(es), which will be awarded within 30 days of meeting the qualification(s).


Headquartered in Tyler, Texas, Cooperative Teachers Credit Union’s field of membership (FOM) offers virtually all U.S. citizens/resident aliens a path to membership.

Individuals who live, work, worship, or attend school in Smith County qualify for membership, as do school employees in the Texas counties of Kaufman, Hopkins, Rains, Smith, Wood, and Van Zandt.

Direct relatives (blood relatives) of an existing CTCU member are also eligible for membership.

Retired teachers/certified school personnel and individuals who receive Teachers Retirement from a school, college, or university in any of the above named counties are eligible to join.

The last membership requirement option on the About Us page is CTCU Foundation members. According to CSR, anyone can join the CTCU Foundation ($5 membership fee) and qualify for CTCU membership, no matter where they live. CTCU Foundation is a 501(c)(3) organization that provides,

resources to charitable, educational and civic outreach efforts that parallel our mission of financial literacy education, and directly support organizations that provide resources to the less fortunate in the communities we serve.

Joining CTCU and/or opening a CD can be done online or at either of two Texas branches, located in Lindale and Tyler.

A minimum $20 deposit in a Share Savings account establishes a CTCU membership.

CTCU participates in the CO-OP ATM network, but not the Shared Branch network.

Credit Union Overview

Cooperative Teachers Credit Union has an overall health grade of "A+" at, with a Texas Ratio of 1.07% (excellent) based on June 30, 2021 data. In the past year, CTCU has increased its total non-brokered deposits by $20.4 million, an excellent annual growth rate of 25.12%. Please refer to our financial overview of Cooperative Teachers Credit Union (NCUA Charter # 67576) for more details.

Founded in 1953, Cooperative Teachers Credit Union was originally known as the Smith County Educators Credit Union. Although CTCU is a small credit union with about 6,700 members and assets in excess of $133 million, it continues to prosper and grow. According to CTCU’s Winter 2021 newsletter,

We were proud to award our members with bonus dividends totaling over $90,000 (with a minimum payout of $5.00) to their dividend-eligible Regular Share and Investors accounts in December! This was the eighth consecutive bonus dividend paid, totaling more than $700,000.

“The Credit Union paid its first bonus dividend in December 2013. It is becoming less frequent that Credit Unions pay bonus dividends. It is a great accomplishment for CTCU to pay a bonus dividend in addition to the above market deposit rates for our accounts.” -Tim Miller, CEO

How the CD Special Compares

When compared to the similar length-of-term CDs tracked by that are nationally available and require a similar minimum deposit, Cooperative Teachers Credit Union's 3-month CD Special APY currently ranks first.

How the CD Compares

When compared to the similar length-of-term CDs tracked by that are nationally available and require a similar minimum deposit, Cooperative Teachers Credit Union's 36-month CD Special APY currently ranks third.

The above information and rates are accurate as of 10/1/2021.

To search for the best CD rates, either nationwide or state-specific, please refer to our CD Rates Table page.

Related Pages: Tyler CD rates, 1-year CD rates, 5-year CD rates, nationwide deals

  |     |   Comment #1
I spoke to a CRS on Friday. The $50 bonuses are only for teachers and the link to join the CTCU Foundation for $5 is missing (she couldn't find it either). She said she would send me a link on Monday to the membership portal.
  |     |   Comment #2
They're not accepting new CTCU foundation members, so if you don't qualify otherwise you probably won't get an account number right now.
  |     |   Comment #3
The yield hunt goes on........

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