Eastman Credit Union (TN/VA/TX) Raises Rates On 1-Year CDs

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Availability: Residents of seven Tennessee, eight Virginia, and two Texas counties; a variety of SEGs.

Last week, Eastman Credit Union (ECU) raised the rates on its 1-2 Year Investment Certificate (1.30% APY, $1k minimum) and 1-2 Year Jumbo Investment Certificate (1.40% APY, $100k minimum). These new rates are the highest for both Certificates in more than five years

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.25%$100k-Eastman Credit Union1 to 2 Year Jumbo Investment Certificate
1.15%$1k-Eastman Credit Union1 to 2 Year Investment Certificate
Accounts mentioned in this post. Rates as of September 27, 2016.

As stated on ECU’s Investment Certificate page, the Early Withdrawal Penalty is “90 days dividends.”

Availability

Headquartered in Kingsport, Tennessee, Eastman Credit Union’s field of membership is primarily residency based, albeit in three different states.

Residency: Individuals who live, work, worship, attend school, or operate a business in the Tennessee counties of Elizabethton, Greene, Hancock, Hawkins, Sevier, Sullivan, or Washington; the Virginia counties of Bristol, Dickenson, Lee, Norton, Russell, Scott, Washington, or Wise; or the Texas counties of Gregg or Harrison, are eligible to join.

SEGs: Individuals who are employed by ECU’s more than 45 Sponsor Companies and 30+ Approved Contractors qualify for membership.

Employment: Individuals who work regularly in the healthcare industry in the following counties outside ECU’s community charter: Carter, Hamblen, Johnson or Unicoi Counties in Tennessee; Buchanan, Russell, Smyth, Tazewell or Wise Counties in Virginia, are also eligible for membership.

Relationship: Family members of ECU eligible members also qualify for membership.

Joining Eastman Credit Union and/or opening a CD can be done online, or by visiting of any of the 18 Tennessee branches located in Blountville, Bristol, Gray, Johnson City (4), Jonesborough, Kingsport (8), Mount Carmel, and Rogersville. There are also two branches in Longview, Texas, and four branches in southwest Virginia – Abingdon, Bristol, Duffield, and Gate City.

Credit Union Overview

Eastman Credit Union (NCUA Charter # 68095) has an overall health grade of "A+" at DepositAccounts.com, with a Texas ratio of 0.73% (excellent) based on March 30, 2016 data. In the past year, Eastman CU has increased its total deposits by $199.32 million, an excellent annual growth rate of 7.31%. Please refer to our financial overview of Eastman Credit Union for more details.

Eastman Credit Union was founded in 1934 by employees of the Eastman Chemical Company, which has been based in Kingsport (TN) since 1920. ECU is currently the largest credit union in Tennessee, with over 170,700 members and assets in excess of $3.3 billion. In 1998, ECU paid its members the first of many year-end dividends; 18 years later, ECU awarded $10 million to the members in January 2016.

How the CDs Compare

When compared to the similar length-of-term CDs tracked by DepositAccounts.com that are available residents in the Tennessee-Virginia Tri-Cities area, Eastman Credit Union’s 1-2 Year Jumbo Investment Certificate and 1-2 Year Invest Certificate currently rank first and second respectively, regardless of minimum deposit.

The above rates are accurate as of 8/24/2016.

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

Comments
Top CD Rates Continue at Eastman Credit Union in Parts of TN, VA, TX, SC & AR - Local Only

Eastman Credit Union continues to offer competitive certificate rates. The two most competitive ones include a 1.75% APY 12-month CD and a 2.50% APY 3-year CD. The 6-month CD is also very competitive even though it may not seem that great with a 1.35% APY. Minimum deposit is $1,000. An extra 10 basis points are applied to Jumbo CDs with a $100,000 minimum deposit. These rates are listed in the credit union's deposit rates table as of 7/14/2010.

Membership is open to those who live, work or attend school in several...

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Competitive CD Rates at Eastman Credit Union in Parts of TN, VA, TX, SC & AR - Local Only

Eastman Credit Union continues to offer competitive certificate rates. The two most competitive ones include a 2.00% APY 12-month CD and a 2.30% APY 2-year CD. Minimum deposit is $1,000. An extra 10 basis points are applied to Jumbo CDs with a $100,000 minimum deposit. These rates are listed in the credit union's deposit rates table as of 2/2/2010.

Membership is open to those who live, work or attend school in several counties in the northeast part of Tennessee. Counties in southwest Virginia and in Harrison and Gregg Counties in Texas...

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2.50% 12-Month CD & 3.10% 3-Year CD at Eastman Credit Union in TN, VA, TX, SC & AR - Local Only
Update 10/17/09: The CD rates have fallen, but they remain competitive. New rates include 2.35% APY 12-month, 2.60% APY 24-month and 3.15% APY 36-month.

Eastman Credit Union continues to offer competitive certificate rates. The three most competitive ones include a 2.50% APY 12-month CD, a 2.75% APY 2-year CD and a 3.10% APY 3-year CD. Minimum deposit is $1,000. An extra 10 basis points are applied to Jumbo CDs with a $100,000 minimum deposit. These rates are listed in the credit union's deposit rates table as of 8/21/09.

These CD rates are...



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2.70% 24-Month CD at Eastman Credit Union in TN, VA, TX, SC & AR - Local Only
Eastman Credit Union is offering some competitive certificate rates. The two most competitive are the 24-month term with a 2.70% APY and the 12-month term with a 2.25% APY. The 3-year term also has a competitive APY of 3.10%. The minimum deposit is $1,000. An extra 10 basis points is added for a Jumbo CD with a minimum of $100,000. These rates are listed in the credit union's deposit rates table as of 7/09/09.

Eastman Credit Union has a history of competitive certificate rates. My last post on this credit union...

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5.00% 48-Month / 5.00% 60-Month CD at a Tennessee CU (Eastman)
Eastman Credit Union is offering a 5.00% APY on its certificates with terms of 48 to 60 months. The 3-year term also has a competitive yield of 4.80% APY. The minimum deposit is $1,000. An extra 10 basis points is added for a Jumbo CD with a minimum of $100,000.

My last post on Eastman was on June 2007 when it was offering a 5.45% 12-month CD (before the Fed slashed interest rates).

Field of membership includes those who live, work or attend school in several counties in the northeast part of...



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