Ent Credit Union (Ent CU) recently raised the rate on its 84-month Certificate by a modest 9 bps. Currently earning 1.28% APY, the 84-month Certificate can be opened with a $500 minimum deposit, with no stated balance cap. Earned dividends can be withdrawn without penalty at any time.
|1.28%||$500||-||Ent Credit Union||84 Month Certificate|
|1.28%||$500||-||Ent Credit Union||84 Month IRA Certificate (Traditional, Roth, CESA)|
The 84-month Certificate is also offered as an IRA Certificate (Traditional, Roth, and CESA), earning the same APY with the same deposit requirements.
As stated in the Truth-in-Savings disclosure, the Early Withdrawal Penalty reads as follows:
For certificates and IRA certificates with a maturity of thirty-six (36) months or greater, the early withdrawal penalty is three hundred sixty-five (365) days’ forfeiture of dividends.
According to CSR, the easiest way to fund a Certificate is through an internal transfer of funds. Ent CU participates in the CO-OP Shared Branch network, allowing for a relatively simple way to transfer funds into an Ent CU checking or savings account. Maturing funds can be distributed by check to the address on file, by wire, or transferred to an Ent CU checking or savings account. The grace period before a certificate automatically renews is short – only six calendar days.
Headquartered in Colorado Springs, Ent Credit Union field of membership (FOM) is primarily residency based, with individuals who live, work, worship, or attend school in the Colorado counties of Arapahoe, Adams, Boulder, Broomfield, Denver, Douglas, El Paso, Elbert, Fremont, Larimer, Jefferson, Pueblo, Teller, or Weld, eligible to join. Businesses located in these 14 counties also qualify for membership. (FYI - Since I last wrote about Ent CU in 2018, six new counties have been added to the FOM.)
The “Communities We Serve” page has a map showing the counties included in the FOM.
Civilian and military personnel of the Colorado Air National Guard, Colorado Army National Guard, and those associated with Buckley Air Force Base in Aurora, Colorado, are also eligible for membership.
Family members of current Ent CU members are welcome to apply.
Joining Ent CU and/or opening a CD can be done online, or by calling Ent CU at 800-525-9623. Ent CU has 39 Colorado branches located in Aurora, Brighton, Canon City, Castle Rock (2), Colorado Springs (17), Denver, Firestone, Fort Collins, Fountain, Highlands Ranch, Littleton (2), Lone Tree, Monument, Parker (2), Peterson AFB, Peyton, Pueblo, Pueblo West, Rye, and Woodland Park, but according to the Our Locations page, “most, but not all, of our lobbies remain open.” The Our Locations page lists the COVID-related lobby access status, limited hours, and temporary closures.
A $5 Share Pledge is required and will be maintained in your Savings Account. Your Share Pledge gives you one ownership share in the credit union and therefore is not available for withdrawal.
Ent CU participates in both the CO-OP Share Branch and ATM networks.
Credit Union Overview
Ent Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 4.41% (excellent) based on December 31, 2020 data. In the past year, Ent CU has increased its total non-brokered deposits by $1.2 billion, an excellent annual growth rate of 23.19%. Please refer to our financial overview of Ent Credit Union (NCUA Charter # 68671) for more details.
Currently Colorado’s largest credit and the 28th largest credit union in the nation, Ent Credit Union was chartered in 1957 for the benefit of military and civilian personal at Ent Air Force Base and Peterson Field in Colorado Springs, Colorado. In 64 years of continuous operation, Ent CU has expanded its FOM to include the most populous counties in Colorado and currently has more than 410,000 members and assets in excess of $7.4 billion.
Ent CU and Ent Air Force Base were both named for Major General Uzal Girard Ent,
commander of the Ninth Air Force during World War II. Ent Air Force Base opened in
1951, when the United States Air Defense Command moved to Colorado Springs.
How the Certificate Compares
When compared to the similar length-of-term CDs tracked by DepositAccounts.com, which require a similar minimum deposit and are available within the FOM, Ent Credit Union’s 84-month Certificate APY currently ranks first.
The above rates are accurate as of 3/18/2021.
To look for the best CD rates, both nationwide and in your state, please refer to our CD Rates table page.