EFCU Financial 48-Month CD Earns Up To 3.50% APY


Deal Summary: 48-month CD – 3.40% APY ($500) and 3.50% ($100k). 48-month IRA – 3.50% APY ($500) and 3.60% ($100k).

Availability: Residents of nine Louisiana parishes (Baton Rouge area).

The original intent for this EFCU Financial (EFCU) blog post was to highlight the 48-month CD, which earns 3.40% APY ($500 min) or 3.50% APY ($100k min). All of EFCU’s CDs offer tiered APYs, with Jumbo CDs ($100k min) earning an extra 10 bps.

3.20%$100k-EFCU Financial48 Month Jumbo CD
3.10%$500-EFCU Financial48 Month CD
Rates as of October 23, 2019.

When I took a closer look at EFCU’s rate sheet, I saw that the IRAs ($500) and Jumbo IRAs ($100k) earn another additional 10 bps, making several of EFCU’s IRA rate leaders.

3.35%$100k-EFCU Financial60 Month Jumbo IRA (Traditional, Roth, CESA)
3.30%$100k-EFCU Financial48 Month Jumbo IRA (Traditional, Roth, CESA)
3.15%$100k-EFCU Financial36 Month Jumbo IRA (Traditional, Roth, CESA)
Rates as of October 23, 2019.

According to CSR, the Early Withdrawal Penalty for CDs/IRAs with terms of 12 months or greater is a loss of six months’ dividends, and three months’ dividends for terms less than 6 months.


Headquartered in Baton Rouge, Louisiana, EFCU Financial’s field of membership (FOM) is residency-based, with individuals who live, work, worship, or attend schools in the Louisiana parishes of Ascension, East Baton Rouge, East Feliciana, Feliciana, Livingston, Point Coupee, St. Helena, West Baton Rouge, or West Iberville qualifying for membership.

Immediate family (spouse, parent, grandparent, child, grandchild, and sibling) or household members of current EFCU members are also eligible to join.

Joining EFCU can be done online or at any of seven Louisiana branches located in Baton Rouge (3), Dedham, Gonzales, Prairieville and Zachary. Opening a CD requires an in-person visit to any of the branch locations.

Credit Union Overview

EFCU Financial has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 5.49% (excellent) based on December 31, 2018 data. In the past year, EFCU has increased its total non-brokered deposits by $22.74 million, an excellent annual growth rate of 6.95%. Please refer to our financial overview of EFCU (NCUA Charter # 13) for more details.

In 1937, more than 175 Stanocola Processing Plant employees formed the Stanocola Processing Employee’s Federal Credit Union, with an initial deposit of $941.70. As the ownership of the Plant changed (ultimately owned by Exxon), so did the Credit Union’s name, with a total of five name changes between 1949 and 1994. In the early 2000s there were several mergers, including the 2003 merger with EXCO FCU in 2003, the largest credit union merger in Louisiana history. Following a change to a community charter in 2007, the Credit Union experienced its largest growth spurt. The EFCU (Exxon Federal Credit Union) Financial name was adopted in 2015, and today, EFCU is Louisiana’s sixth largest credit union, with more than 42,500 members and assets in excess of $442 million.

How the CDs Compare

With the additional 10 bps, many of EFCU’s Jumbo CDs rank near or at the top, when compared to the similar length-of-term CDs offered within the FOM, regardless of minimum deposit requirements.

The above rates are accurate as of 3/21/2019.

To look for the best CD rates, both nationwide and in your state, please refer to our CD Rates Table page.

Related Pages: Baton Rouge CD rates, 1-year CD rates, 5-year CD rates, IRA CD rates

EFCU Financial (LA) Offers 84-Month Super 7 Variable Rate CD
Deal Summary: 84-month Super 7 Variable Rate CD, 2.75% APY, $500 minimum deposit.

Availability: Residents of nine Louisiana parishes (East Baton Rouge).

For the past few months, rising rates have been prevalent in short-term CDs, with long-term CD rates remaining stagnant. EFCU Financial (EFCU) is one of the few credit unions that has recently raised the rate on a long-term product: 84-month Super 7 Variable Rate CD (2.75% APY). The minimum opening deposit is $500, with no stated deposit cap.

As stated on EFCU's Rates...

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