Energy Capital Credit Union (TX) Boosts 12-Month CD Rate


Deal Summary: 12-month CD, 1.00% APY, $1k minimum deposit

Availability: Residents of Harris and Montgomery Counties, Texas

Energy Capital Credit Union (ECCU) has added 80 bps to its 12-month CD. The new 1.00% APY is currently the highest 1-year CD rate in the Houston area. The minimum opening deposit is $1k, with no stated balance cap.

0.30%$1k-Energy Capital Credit Union12 Month CD
Rates as of September 18, 2021.

As stated in the Current Rates page, the Early Withdrawal Penalty reads as follows:

The penalty shall be equal to 90 days of dividends for Terms of less than 12 months and 180 days of dividends for Terms 12 months or greater.
You may not make partial withdrawals of principal prior to the maturity date.
No penalty will be imposed if withdrawal of principal is made following your death or your total and permanent adjudicated disability.

Dividends are be compounded monthly and credited monthly and can be transferred to an ECCU savings or checking account.

There is grace period of ten calendar days before a CD automatically renews.


Headquartered in Houston, Texas, Energy Capital Credit Union’s field of membership (FOM) is primarily residency-based, with individuals who live in Harris County or Montgomery County eligible to join.

According to ECCU’s online application, individuals who live, work, or worship in any of 44 specified Zip Codes in Harris and Montgomery Counties also qualify for membership.

Employees and contractors of 18 Houston area businesses (including ExxonMobile) are also eligible to join.

Relatives and household members of a current ECCU member are welcome to apply. ECCU does not provide a definition of “relatives” on its website.

The online application also states that anyone affiliated with "Bank on Houston/Hire Houston Youth" or "SER – Jobs for Progress" is membership eligible.

Joining ECCU and/or opening a CD can be done online or at any of the three Texas branches located in Houston and Spring (2). Access to the ExxonMobile Campus branch location in Spring is limited to ExxonMobile employees.

Every member at Energy Capital begins with a Regular Savings Account. It’s the
first account you open and where your original $5 membership share lives.

ECCU participates in both the CO-OP Shared Branch network and the ATM network.

Credit Union Overview

Energy Capital Credit Union has an overall health grade of "A" at, with a Texas Ratio of 5.04% (excellent) based on March 31, 2021 data. In the past year, ECCU has increased its total non-brokered deposits by $25.99 million, an excellent annual growth rate of 13.45%. Please refer to our financial overview of Energy Capital Credit Union (NCUA Charter # 61936) for more details.

Energy Capital Credit Union is currently the 86th largest credit union headquartered in Texas, with more than 17,600 members and assets in excess of $244 million. Founded in 1934, the chartering members were Humble Oil employees who “decided to lend to each other to help free one another from the harsh lending practices” of local loan sharks.

While a well-known brand in Texas, Humble Oil and Refinery (founded in 1911) is not that familar to most Americans. A 50% interest in the company was acquired by Standard Oil of New Jersey in 1919, with the remainder of Humble Oil acquired in 1959. Standard Oil of New Jersey rebranded as Exxon Corporation in 1973.

How the CD Compare

When compared to 296 similar length-of-term CDs tracked by that require a similar minimum deposit and are available within the FOM, Energy Capital Credit Union’s 12-month CD APY currently ranks first.

The above information and rates are accurate as of 7/5/2021.

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

Related Pages: Houston CD rates, 1-year CD rates

  |     |   Comment #1
So far it's day 3, I applied online, I got an approval on the last page, never received any emails, and when I call they can't find my account...

will update...
  |     |   Comment #2
day 4... they found my account, said it was a computer error... emailed me docs to sign.. found my member number on the application and managed to create a log in... my other bank still doesn't show an ACH going out for the primary member account that credit unions require.
  |     |   Comment #3
day 5... learned that I should have opened a checking account at the time I started because the membership account has an "S" in it and banks won't accept an "S" when you try to link the accounts by ACH. To open the checking account, starts you at the very beginning even if you're logged in and you have to upload another picture ID and they do the whole random credit questions again thing again. I'm guessing another 7-8 days before I can actually buy a CD.
  |     |   Comment #4
Ouch…time is $$$
  |     |   Comment #6
This has become something of a hobby for me, so I don't mind. But, I know it's not that way for everyone, so I'm writing this so people will know how it's going. Credit Unions are relatively new to me, but this year they've had the highest yields.
  |     |   Comment #5
day 10 money in account and ready to buy a CD. Find the website requires $1000 minimum to buy a CD, but only lets you transfer $500. 
Ok, lets call. They say they're working on it and I can buy a CD on the phone. Ok, after 30 minutes of opening another account with all the questions and then the credit verification questions ( what color is your motorcycle?, do you know X or Z? what county is this address?) I have a CD opened and it will cash out in one year into my checking account and not roll over. I'll try another one and see if it gets easier.

will update as I go along... they are very nice people on the phone and really want to help and that goes a long way with me.

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