Fort Worth-based EECU has added two limited-time Special Certificates: 17-month (2.80% APY) and 29-month (3.00% APY). Both require new money and can be opened with a $1k minimum deposit; there are no stated balance caps. While advertised as "limited time offers," there is no end-date listed on the website. According to CSR, there is no specific end-date at this time.
Both Special Certificates are also available as IRAs (Traditional, Roth, SESA, and CEP), earning the same APYs with the same funding requirements. (Note: CSR stated that IRAs must be opened at a branch location; no online or phone applications.)
As stated in a Live Chat, the Early Withdrawal Penalty for a “CD term of a year or longer is 180 days of interest.”
Headquartered in Fort Worth, EECU’s field of membership (FOM) is open to all Texas residents by becoming an Individual Associate Member of America’s Charities. The Individual Associate Membership program is the result of a partnership between America's Charities and EECU.
Also qualifying for membership are:
1. Individuals who live or work in the Texas counties of Hood, Johnson, Palo Pinto, Parker, or Tarrant.
2. Employees or retirees of any educational institution, business, association, hospital, or municipality in the Fort Worth area, including Erath, Hood, Jack, Palo Pinto, Somervell, Wise, and Young Counties.
3. Employees or members of more than 600 Select Employee Groups (complete list available on online application.
4. Relatives or household members of a current EECU member.
Joining EECU and/or opening a Special Certificate can be done online, by phone (817.882.0800), or in person at any of 14 Texas branches, located in Arlington (2), Burleson, Fort Worth (5), Hurst, Mansfield, Saginaw, Southlake, Watauga, and Weatherford.
Credit Union Overview
EECU has an overall health grade of "A+" at DepositAccounts.com, with a Texas ratio of 2.21% (excellent) based on March 31, 2018 data. In the past year, EECU has increased its total non-brokered deposits by $107.32 million, an excellent annual growth rate of 6.09%. Please refer to our financial overview of EECU (NCUA Certificate # 67928) for more details.
EECU was established in 1934 as the Fort Worth Teachers Credit Union. Ten Fort Worth educators and administrators each contributed $5 and the Credit Union was open for business. While the name might suggest an FOM limited to teachers, EECU has been serving Dallas/Fort Worth area communities for nearly 85 years. As one of North Texas’ largest locally owned financial institutions, EECU currently has more than 193,400 members and assets in excess of $2.1 billion.
How the Special Certificates Compare
When compared to the 528 similar length-of-term CDs tracked by DepositAccounts.com, requiring a similar minimum deposit and available to Texas residents, EECU’s 29-Month Special Certificate APY currently shares the top spot with RelyOn Credit Union’s 24-month Certificate Special APY.
When compared to the 370 similar length-of-term CDs tracked by DepositAccounts.com, requiring a similar minimum deposit and available to Texas residents, EECU’s 17-month Special Certificate currently ranks second.
The above rates are accurate as of 8/6/2018.
To look for the best CD rates, either nationwide state-specific, please refer to our CD Rates Table page.