Availability:Residents of Bowie, Cass, Marion Counties, Texas, and Miller County, Arkansas.
On New Year’s Eve, Domino Federal Credit Union (Texas) raised the rate on its 24-month Share Certificate (1.51% APY). The minimum opening deposit is $500 and there is no maximum balance cap. The 24-month Share Certificate is also available as an IRA (Traditional) at the same APY, with the same funding requirement.
According to CSR, the Early Withdrawal Penalty is determined on a case-by-case basis, using the amount being withdrawn and the time left until maturity as contributing factors.
Domino Federal Credit Union’s field of membership (FOM) is residency based, with individuals who live, work, attend church, or attend school in Bowie, Cass, Marion Counties, Texas, and Miller County, Arkansas, eligible to join.
Joining Domino Federal Credit Union and opening a CD must be done by visiting any of four Texas branches located in Atlanta, Domino, and Texarkana (2).
Domino Federal Credit Union's FOM is unique in that the largest municipality it serves (Texarkana) is located half in Texas and half in Arkansas.
Credit Union Overview
Domino Federal Credit Union has an overall health grade of "B+" at DepositAccounts.com, with a Texas ratio of 7.88% (excellent) based on September 30, 2014 data. Domino Federal Credit Union has an excellent capitalization level of 13.53%, a result of holding $57.3 Million in assets, with $7.76 Million in equity. Please refer to our financial overview of Domino Federal Credit Union for more details.
Established in 1973 by employees of the International Paper Mill in Domino, Texas, Domino Federal Credit Union (FDIC Certificate # 21383) originally only offered savings accounts and loans to its members. It grew to become a full-service financial institution, and in 2000 expanded its membership to include the residents of four surrounding counties.
How the CD Compares
When compared to other similar length-of-term CDs tracked by DepositAccounts.com, that require a similar minimum deposit, and are available to Texas residents, Domino Federal Credit Union's 24-month CD fares well:
These rates are accurate as of 1/2/2015.
To look for the best nationwide CD rates and the best CD rates in your state, please refer to our CD rates table.