At the end of last week, East Texas Professional Credit Union (ETPCU) raised the rate on its 60-month Share Certificate (2.61% APY). The minimum opening deposit is $1k, with no stated balance cap.
Added in 2011, the 60-month Share Certificate’s initial 2.50% APY lasted six months. Over the next 30 months, the APY gradually declined to 1.60%, where it remained for the next three years. Last week’s 49 bps rate hike resulted in the highest APY to date.
According to CSR, the Early Withdrawal Penalty is 360 days interest.
Headquartered in Longview, East Texas Professional Credit Union’s field of membership (FOM) is varied, providing a way to join for most East Texas residents.
Residency: Individuals who live or work in Anderson, Angelina, Northern Cherokee, Gregg, Harrison, Henderson, Nacogdoches, Panola, Rusk, Smith, and Upshur Counties are eligible for membership.
Employment: Employees (or certified individuals) working in “education, health care, professional fields, and government/social services” in Camp, Gregg, Harrison, Marion, Nacogdoches, Panola, and Upshur Counties also qualify.
Education: Educational employees and students in the cities of Daingerfield (Morris County), and Avinger and Hughes Springs (Cass County) are membership eligible.
Relationship: Family members (spouse, parents, grandparents, children, grandchildren, great grandchildren, brothers, sisters, and in-laws) of current ETPCU members or membership-eligible individuals are also welcome to apply.
Joining ETPCU and/or opening a Share Certificate can be done at any of 12 Texas branches located in Carthage, Gilmer, Hallsville, Henderson, Kilgore, Longview (3), Lufkin, Marshall, Nacogdoches, and Tyler.
The Membership Application is also available as a download to expedite the process.
Credit Union Overview
East Texas Professional Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 3.59% (excellent), based on June 30, 2017 data. In the past year, ETPCU has increased its total non-brokered deposits by $14.97 million, an excellent annual growth rate of 3.26%. Please refer to our financial overview of East Texas Professional Credit Union (NCUA Charter # 67761) for more details.
East Texas Professional Credit Union was established in 1953 as a credit union for educational professionals. Currently the 40th largest credit union in Texas, ETPCU serves more than 66,300 members in eleven East Texas counties, with assets in excess of $586 million.
How the Share Certificate Compares
When compared to the 209 similar length-of-term CDs tracked by DepositAccounts.com, requiring a similar minimum deposit and available within the FOM, East Texas Professional Credit Union’s 60-month Share Certificate currently ranks first.
The above rates are accurate as of 11/7/2017.
To search for the best CD rates, both nationwide and state specific, please refer to our CD rates table or our Rates Map page.