All In Credit Union 9-Month No Penalty CD Remains Competitive

For the past six months, the Alabama-based All In Credit Union (All In) 9-month CD ($1k minimum) and 9-month Jumbo CD ($100k minimum) have consistently offered competitive rates. The 9-month CD currently earns 5.33% APY, with the 9-month Jumbo offering a near market-leading 5.38% APY.

Although All In does not label the CD and the Jumbo CD as such, they are No Penalty CDs. As stated in the fine print on the Savings Rates page,

One time penalty-free withdrawal on 9 month share certificates only.

CSR confirm that a partial withdrawal or an early closure are possible. If a partial withdrawal is made, any subsequent withdrawal would be subject to a 90-day Early Withdrawal Penalty (EWP). As stated in the Fees document, the EWP (for all term lengths) reads as follows

Term Share Certificate – 3 months dividends.

The fine print below the EWP states,

The penalty is calculated as a forfeiture of part of the dividends that have been or would have been earned on the account and applies whether or not the dividends have been paid. The penalty may be deducted from the principal amount of the deposit.

CSR also stated that an advance notice of at least seven days is required before a penalty-free withdrawal can be made. She also mentioned that a subsequent early withdrawal is not necessarily guaranteed and quoted the Membership and Account Agreement (not available on the All In website).

We may at our sole discretion grant you permission to withdraw funds early; if such permission is granted, it will be granted only at the time you request an early withdrawal.

12-month Smart Start CD

The somewhat ambiguously named 12-month Smart Start CD is actually an add-on CD. Currently earning 5.27% APY, the Smart Start CD can be opened with a low $25 minimum deposit. Unlimited additional deposits (min $25/no max) are allowed throughout the term. Additional deposits can be made in-person or transferred from your Share Savings account by either calling All In or using the All In online banking platform.

As of this writing, the 12-month Smart Start CD has the highest APY of any of nationally available add-on CDs tracked by DA in the bi-weekly CD Deals Summary that are not limited by a small balance cap.

Availability

Headquartered in Daleville, Alabama, All In Credit Union’s field of membership (FOM) now includes an easy membership requirement (EMR).

For a detailed description of how the EMR works, please refer to the comments (specifically the me1004 and frank44 comments) in response to DA reader, JeffinEasternFL’s Forum post.

Easy Membership: Individuals who join the Fort Rucker/Wiregrass Chapter of the Association of United States Army (AUSA) qualify for All In membership. AUSA offers a free 2-year Basic Membership to “concerned citizens.”

Residency: Individuals who live, work, worship, or attend school in Crenshaw or Pike Counties or in most areas of Coffee, Covington, Houston, or Mobile Counties in Alabama are eligible to join, as are those who live, work, worship, or attend school in the Florida counties of Okaloosa or Walton.

The All In CU FOM has expanded and now includes those who live, work, worship, or attend school “in most areas” of Jackson County, Mississippi, or the Georgia counties of Baldwin, Bleckley, Calhoun, Chattahoochee, Clark, Clay, Clayton, Crisp, Dekalb, Dodge, Dooly, Green, Hancock, Jasper, Johnson, Laurens, Macon, Marion, Muscogee, Newton, Oglethorpe, Pulaski, Putnam, Randolph, Rockdale, Schley, Sumter, Taliaferro, Terrell, Turner, Washington, Webster, Wilcox, Wilkinson, or Worth.

Military Relationship: Active duty military, civilians, and retirees attached to Fort Rucker or the US Coast Guard Aviation Training Center in Mobile, Alabama also qualify for membership. More military groups (including the National Guard or Reserves in the Alabama counties of Barbour, Coffee, Covington, Crenshaw, Dale, Geneva, Henry, Houston, and Pike, and the Florida counties of Holmes and Washington) are stated on the online application. (All In was previously known as Army Aviation Center Federal Credit Union.)

SEGs: Employees, members, or students of more than 800 civilian businesses and organizations (listed on the online application) are membership eligible.

Personal Relationship: Immediate family members and household members of current All In members or employees are welcome to apply.

Account Opening

Joining All In and/or opening a 9-month Jumbo No Penalty CD can be done online, by phone (800.448.4096), or at any of 22 Alabama branches located in Andalusia, Daleville (2), Daphne, Dothan (5), Enterprise (3), Evergreen, Fort Rucker, Geneva, Midland City, Mobile (4), Opp, Ozark (2), Skipperville, Theodore, or Troy. There are also five Florida branches located in Crestview, Century, Defuniak Springs, Marianna, and Santa Rosa Beach. All In opened a branch location in Pascagoula, Mississippi earlier this year. Appointments are available and can be scheduled online.

In March 2023, I wrote about the All In 60-month Jumbo CD (which sadly no longer has a competitive APY). DA reader, me1004, joined All In, opened a CD, and described his experience in a comment to the March blog post.

@SouthernGirl, It's nationally available, state doesn't matter. I am nowhere near Alabama or Florida. No, they did not raise that issue, but I did mention it in the discussion when she started talking about me being able to make the deposit for the CD at a branch if I want to. It didn't matter to them that I was not in that region.

I don't recall any special questions from the phone call. It was just routine for setting up a new account. In the online application process, they do present you with three questions from your credit check as a means of proving your identity. You also can use a credit card (I think debit card as well) to fund the opening of the savings account, plus the one-time, $1 membership fee. You do not have to maintain that $5 in the savings account, like most CUs require, it can be as low as 1¢. I also opened a checking account, and you must deposit $25 in it to open it, but then you don't need to leave anything in it. I turned down the debit card, there were too many details about using it at ATMs.

I funded the CD via a deposit to my checking account via a shared branch near me. Then phoned and opened the CD with that.

A Share Savings account ($5 minimum) is required to establish an All In membership, along with a $1 one-time membership fee.

All In participates in the CO-OP Shared Branching network. giving members world-wide access.

Funding and Other Details

The following information is from a conversation with CSR.

• Funding – ACH, wire ($20 fee), or shared branch transfer.
• CO-OP Shared Branch Participant – Yes.
• Dividends – Compounded/credited monthly and can be withdrawn penalty-free.
• Maturing Funds – Internal transfer.
• Beneficiaries – Unlimited, percentages can be assigned, Social Security numbers required.
• Grace Period – 10 calendar days before automatic renewal.
• Credit Check – Soft pull.

Credit Union Overview

All In Credit Union has an overall health grade of "B+" at DepositAccounts.com, with a Texas Ratio of 7.48% (excellent) based on September 30, 2023 data. In the past year, All In has increased its total non-brokered deposits by $355.85 million, an excellent annual growth rate of 18.3%. Please refer to our financial overview of All In Credit Union (NCUA Charter # 17642) for more details.

All In Credit Union is currently the third largest credit union headquartered in Alabama, with nearly 172,000 members and assets in excess of $2.9 billion. In early 2019, the Army Aviation Center Federal Credit Union re-branded as All In Credit Union. Established in 1966, Aviation Center FCU’s original FOM included the servicemen (and their families) stationed at Fort Rucker in Alabama. (Fort Rucker is the primary flight training installation for the U.S. Army Aviators and home to the United States Army Aviation Center of Excellence.)

We chose the name "All In" as a tribute to the commitment and sacrifice made
by every soldier who defends our country and knows what it means to be "All In."

As stated in a recent CUTimes article, All In Credit Union,

expects to complete the purchase of five bank branches no later than the third quarter, expanding its market presence throughout Southern Alabama.

Alabama’s third largest credit union said in a Jan. 2 prepared statement that it inked a purchase and assumption agreement to acquire branches of the Louisville, Ala.-based 22nd State Bank in Brewton, Clayton, Eufaula, Geneva and Louisville.

How the 9-month Jumbo No Penalty CD Compares

When compared to other nationally available no-penalty CDs tracked by DepositAccounts.com that have terms between 9-11 months, no banks or credit unions have a higher rate than the rate offered on the All In Credit Union 9-month Jumbo No Penalty CD. The following table is a sampling of No Penalty CD APYs from other banks/credit unions with nationwide availability.

The above information and rates are accurate as of 1/4/2024.

For the best no-penalty CD rates, please refer to our No Penalty CD Rates Table of the liquid account summary.