Eagle One Federal Credit Union Adds Competitive 13-Month CD Special

For a limited time, Delaware-based Eagle One Federal Credit Union (Eagle One) is offering a 13-month Share Certificate Special with a competitive 5.22% APY. The minimum opening deposit is $500, with no stated balance cap. There is no specified end-date for the Share Certificate Special, but CSR implied it would probably last through the end of April.

As stated in the Fee Schedule, the Early Withdrawal Penalty (EWP) reads as follows,

$25.00 plus loss of dividends

CSR stated that in addition to the very harsh EWP of all earned dividends forfeited and a $25 fee, only early closures are allowed.

Availability

Headquartered in Claymont, Delaware, Eagle One Federal Credit Union’s field of membership (FOM) is primarily community-based, with individuals who live, work, worship, attend school, or regularly conduct business in specific geographic areas (determined by Zip Code) of Philadelphia County (PA), Camden County (NJ), Delaware County (DE) or New Castle County (DE) eligible to join.

Philadelphia District and Lancaster USPS employees/retirees also qualify for membership.

Employees of eleven Select Employer Groups (including USPS employees who are supervised from, or are paid from, Harrisburg, PA) are eligible to join.

Immediate family members and household members of current Eagle One members are also welcome to apply. Eagle One defines “immediate family” as parents, spouses, children, siblings, grandparents, grandchildren, stepparents, stepchildren, and step-siblings.

Account Opening

Joining Eagle One can be done online, or at any of the three branch locations opened to the public located in Clayton (DE) and Philadelphia (2). Access to the Lancaster branch and the Lindbergh Blvd branch in Philadelphia is restricted to USPS employees.

When you become an Eagle One FCU member, your initial $6.00 deposit will go into your primary savings account as your "share” in the credit union!

According to CSR, after a new member application has been approved and the funds for a Share Certificate Special have been deposited into a Primary Savings account, the Share Certificate Special can be opened at any of the above-mentioned branches or by calling 844.218.4529.

Funding and Other Details

The following information is from a conversation with CSR.

• Funding – ACH, wire, check, internal transfer, or shared branch transaction.
• CO-OP Shared Branch Participant – Yes.
• Dividends – Compounded/credited monthly; dividends must remain in the Share Certificate Special.
• Maturing Funds – Share Certificate Specials close on maturity day (no grace period), with funds automatically transferred to Primary Savings account.
• Beneficiaries – Unlimited, with assigned percentages available. Social Security numbers are preferred but not required for beneficiaries.
• Grace Period – None.
• Credit Check – Hard pull.

Credit Union Overview

Eagle One Federal Credit Union has an overall health grade of "B" at DepositAccounts.com, with a Texas Ratio of 8.54% (excellent) based on December 31, 2022 data. Eagle One has an above average capitalization level (9.59%), the result of holding $94.06 million in assets with $9.02 million in equity. Please refer to our financial overview of Eagle One Federal Credit Union (NCUA Charter # 464) for more details.

Established in 1935, Eagle One Federal Credit Union is currently Delaware’s eighth largest credit union, with more than 9,200 members and assets in excess of $94 million. In 2020, Eagle One FCU partnered with 17 regional credit unions and credit union partners, jointly raising more than $220,000 in just five days to purchase and donate 30,000 Personal Protective Equipment medical gowns to healthcare facilities throughout Pennsylvania, New Jersey, and Delaware. Eagle One FCU CEO, Danielle Gallagher, stated,

Eagle One, along with other Credit Unions in the area, donated hospital gowns to our front- line workers as a small token of appreciation for all that they have been doing to keep our communities safe and healthy.

How the 13-Month Share Certificate Special Compares

When compared to similar length-of-term CDs tracked by DepositAccounts.com which are available nationwide and have minimum deposit requirements of $10k or less, two banks have higher rates than currently offered on the Eagle One 13-Month Share Certificate Special. The following table compares the 13-Month Share Certificate Special to the two highest-rate CDs from other banks and the two highest-rate CDs from credit unions.

The above information and rates are accurate as of 4/7/2023.

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