Argent Credit Union (VA) Long-Term CDs Are Rate Leaders
Argent Credit Union (Argent CU) is currently offering competitive rates on its longer-term Share Certificates, with the 48-month earning 2.00% APY and the 60-month earning 2.25% APY. The minimum deposit for either is $500.
Both CDs are also available as IRAs (Traditional, CESA), earning the same APYs with the same deposit requirements.
Argent CU offers only one Jumbo Share Certificate: the 24-month, which earns 1.75% APY and requires a $50k minimum opening deposit. The 24-month IRA Jumbo Share Certificate also earns 1.75% APY, with a $50k minimum deposit.
| APY | MIN | MAX | INSTITUTION | PRODUCT | DETAILS |
|---|---|---|---|---|---|
| 3.50% | $50k | - | Argent Federal Credit Union | 24 Month Jumbo Certificate | |
| 3.50% | $50k | - | Argent Federal Credit Union | 24 Month Jumbo IRA Certificate (Traditional, CESA) |
As stated in the Truth in Savings disclosure, the Early Withdrawal Penalty (EWP) reads as follows:
Terms of 12 to 60 months – 180 days’ dividends
FYI – according to the COVID-19 Message to Our Members page, Argent CU is temporarily waiving CD EWPs. There is no indication how long the penalty-free phase will last.
Availability
Headquartered in Chester, Virginia, Argent Credit Union’s field of membership (FOM) is residency-based, with U.S. citizens/resident aliens, 18 years or older, who live, work, worship, attend school, or volunteer in the Virginia counties of Chesterfield, Hanover, Henrico, or the City of Richmond eligible to join.
Immediate family members and housemates of membership-eligible individuals also qualify for membership.
Joining Argent CU can be done online. Opening a CD can be done online, but you must become a member first and then use “Home Bank” to open the CD.
Simply log into Home Banking and click the Account Services button.
The lobbies at the five Virginia branches are closed to the general public, although,
Drive thru service will be available for teller transactions only. Staples Mill branch located inside the Anthem building will be temporarily closed.
Please contact us at (804) 748-9488 if you need to schedule an appointment for limited face-to-face transactions, including access to safe deposit boxes. ATMs will remain available for deposits, withdrawals and inquiries.
A minimum $5 deposit opens your account and represents your share of the Credit Union.
Argent CU participates in the CO-OP Shared Branch network, as well as the Accel and CULIANCE ATM networks.
Credit Union Overview
Argent Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 6.65% (excellent) based on December 31, 2019 data. In the past year, Argent CU has increased its total non-brokered deposits by $6.43 million, an excellent annual growth rate of 3%. Please refer to our financial overview of Argent Credit Union (NCUA Charter # 24313) for more details.
Founded in 1956, Argent Credit Union was initially known as the DuPont Fibers Federal Credit Union. The original FOM was comprised of the employees of the DuPont Spruance Facility, the largest DuPont manufacturing facility in the world. Approximately ten years ago, a community charter was adopted and the Argent rebrand occurred. (I’m not sure if “Argent” refers to the French word for silver money or the ‘60s English rock bank, Argent.) Argent CU is currently the 29th largest credit union in Virginia, with nearly 25,000 members and assets in excess of $247 million.
How the Share Certificates Compare
When compared to the similar length-of-term CDs tracked by DepositAccounts.com, that require a similar minimum deposit and are available within the FOM, Argent Credit Union's 48-month Share Certificate APY* currently ranks first.
When compared to the similar length-of-term CDs tracked by DepositAccounts.com, that require a similar minimum deposit and are available within the FOM, Argent Credit Union's 60-month Share Certificate APY* currently ranks first.
How the Jumbo Share Certificate Compares
When compared to the similar length-of-term CDs tracked by DepositAccounts.com, that are available within the FOM, Argent Credit Union's 24-month Jumbo Share Certificate APY* currently ranks first, regardless of deposit requirements.
These rates are accurate as of 6/11/2020.
To look for the best CD rates, both nationwide and state-specific, please refer to our CD Rates Table page.
*We continue to work to keep our rates up-to-date, but there have been just too many rate cuts for us to process quickly. For the time being, please be aware that the rates listed at DepositAccounts.com may not reflect the latest rates published by the banks and credit unions.
