Credit Union One of Oklahoma Debuts Wow-Worthy 6-Month CD Special


Deal Summary: 6-month Share Certificate Special, 6.17% APY, $2.5k minimum deposit, new money required, one-time rate bump.

Availability: Six counties in the Oklahoma City Metropolitan Statistical Area.

Last week, Credit Union One of Oklahoma (Credit Union One) unveiled a 6-month Share Certificate Special (SCS) with a wow-worthy 6.17% APY. This limited-time SCS can be opened with a $2.5k minimum deposit of new money, which is defined as funds coming from another financial institution. The 6-month SCS also features a one-time rate bump at a “member's request if the rate increases during term of CD.”

Early Withdrawal Penalty

As stated in the Truth-in-Savings disclosure (page 11), the Early Withdrawal Penalty (EWP) reads as follows:

Terms of 182-Day to 1 Year – 30 days’ dividends

If the SCS hasn’t earned enough dividends or if the dividends have already been paid when a withdrawal is made, the principal balance will be reduced.

If the SCS is closed before dividends are paid, you will forfeit the accrued dividends, in addition to the EWP.


Headquartered in Oklahoma City, Credit Union One of Oklahoma’s field of membership is community-based, with individuals who live, work, worship, or attend school in the Oklahoma City Metropolitan Statistical Area (MSA). The MSA consists of Canadian, Cleveland, Logan, McClain, Oklahoma, and Pottawatomie Counties.

Employees of more than 100 Select Employee Groups (including several state and federal government agencies) also qualify for membership.

Family members of current Credit Union One members are welcome to apply, regardless of where they live.

Account Opening

Joining Credit Union One can be done online, or in person at either of the two Oklahoma City branch locations.

A Share Savings Account with a minimum $25 deposit establishes a Credit Union One membership.

Opening a Share Certificate Special can be done in-branch or over the phone (405.557.0167) if the new money has been deposited in a Share Savings Account.

Account Opening

Funding and Other Details

The following information is from the Truth-in-Savings disclosure and a conversation with CSR.

  • Funding* – Cash, cashier’s check, or shared branch transaction.
  • CO-OP Shared Branch Participate – Yes.
  • Ownership – Individual, joint, or trust.
  • Dividends – Compounded/credited monthly and can be withdrawn at any time.
  • Maturing Funds – Cashier’s check to the address on file or internal transfer.
  • Grace Period – 10 calendar days before automatic renewal.
  • Beneficiaries – Unlimited and percentages can be assigned; Social Security numbers are required.
  • Credit Check – Soft pull.

*If opening the SCS in person, you are literally bringing the new money with you (cash or check); if opening over the phone, you have already transferred new money into your Share Savings Account.

Credit Union Overview

Credit Union One of Oklahoma has an overall health grade of "B" at, with a Texas Ratio of 2.53% (excellent) based on March 31, 2023 data. In the past year, Credit Union One’s total non-brokered deposits have decreased by -$3.48 million, a below average annual growth rate of -8.15%. Please refer to our financial overview of Credit Union One of Oklahoma (NCUA Charter # 64850) for more details.

Established in 1949, Credit Union One of Oklahoma’s original FOM was exclusive to the employees of several state agencies, including the Oklahoma Department of Human Services and Oklahoma Office of Juvenile Affairs. While Credit Union One is a small credit union (4,660 members and assets of nearly $45 million), the current 6-county community charter comprises more than ⅓ of the state’s population.

How the 6-Month Share Certificate Special Compares

When compared to similar length-of-term CDs tracked by that are available within the FOM and have minimum deposit requirements of $10k or less, no banks or credit unions have higher rates than currently offered on the Credit Union One of Oklahoma 6-month Share Certificate Special. The following table compares the 6-month Share Certificate Special to the two highest-rate CDs from banks and the two highest-rate CDs from other credit unions.

The above information and rates are accurate as of 6/26/2023.

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

Related Pages: Oklahoma City CD rates, 1-year CD rates

  |     |   Comment #1
CU One appears to have added 12 month and 18 month Share Certificate Special CD's as of today 7/6, unable to find onetime bump information. The rates page states a Dividend rate of 6% and APY of 6.167% ( however the home page indicates 6% "APY" for 6, 12, and 18 months, all are for new money.

Minimum $2500.00 maximum $250,000, fine print including EWP:
'Promotional CD valid for new money only. $2,500 minimum deposit; maximum $250,000 opening balance. One time deposit, no additional deposits allowed. Promotional CDs will automatically renew at current market rates. Promotional CD offer may expire at any time, without notice.

Dividends are calculated by the average daily balance method.

If you close your account before dividends are paid, you will not receive the accrued dividends. You are also subject to a 30 days interest penalty if your certificate is one year or less, and 90 days interest penalty if your certificate is more than one year. All rates are subject to change without notice. $2,500 minimum deposit to open 182 Day Cert. All others, $500 minimum, unless otherwise noted.
  |     |   Comment #2
In the past year, Credit Union One’s total non-brokered deposits have decreased by -$3.48 million, a below average annual growth rate of -8.15%.

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