Ent Credit Union (CO) Adds Limited-Time 11-Month Certificate
For a limited time, Ent Credit Union (Ent CU) is offering a 11-month Certificate earning 5.65% APY. The minimum deposit is $500 of new money, with no stated balance cap. According to the fine print on the landing page,
New money is considered funds outside of Ent Credit Union. Funds transferred from another institution up to seven (7) days before opening the CD will also qualify as new money.
Although Ent CU offers online and phone opening for all its other Certificates, the 11-month Certificate can only be opened in-branch.
As stated in the Truth-in-Savings disclosure, the Early Withdrawal Penalty reads as follows:
If the maturity of this certificate is one (1) year or less, the early withdrawal penalty is ninety (90) days forfeiture of dividends.
If dividends are insufficient to cover the early withdrawal penalty, the remaining portion of the penalty will be deducted from the principal.
Availability
Headquartered in Colorado Springs, Ent Credit Union field of membership (FOM) is primarily community-based, with individuals who live, work, worship, or attend school in any of 21 Colorado counties eligible to join. Businesses located in these counties also qualify for membership. (FYI - Since I last wrote about Ent CU in 2018, seven additional Colorado counties have been added to the FOM.)
Colorado Counties – Arapahoe, Alamosa, Adams, Boulder, Broomfield, Costilla, Crowley, Custer, Denver, Douglas, El Paso, Elbert, Fremont, Huerfano, Larimer, Las Aminas, Jefferson, Otero, Pueblo, Teller, or Weld.
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.
Account Opening
Joining Ent CU can be done online, by calling Ent CU at 800-525-9623, or at any of 47 Colorado branches located in Aurora (3), Brighton, Canon City, Castle Rock (2), Colorado Springs (16), Commerce City, Denver (2), Firestone, Fort Collins (3), Fountain, Highlands Ranch, Littleton (2), Lone Tree, Monument, Parker (2), Peterson AFB, Peyton, Pueblo, Pueblo West, Rye, Thorton, Timnath, Windsor, and Woodland Park.
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.
As mentioned earlier, the 11-month Certificate can only be opened in-branch; no online opening or over the phone opening will be allowed.
Funding and Other Details
The following information is from the Ent CU website and a Live Chat with CSR.
- Funding* – ACH, wire (no fee), check, or Shared Branch transaction.
- CO-OP Shared Branch Participant – Yes.
- Ownership – Individual, joint, trust.
- Dividends – Compounded/credited monthly; dividends cannot be withdrawn penalty-free.
- Maturing Funds – ACH, wire ($25 fee), cashier’s check, or internal transfer.
- Beneficiaries – Unlimited, percentages or dollar amount can be assigned; Social Security numbers required.
- Grace Period – 6 calendar days before automatic renewal as a 12-month Certificate.
- Credit Check – Qualifile report on all new members which pulls ChexSystems, Experian - FICO score.
*As stated on the landing page,
The easiest way to make the “new deposit” required for this promotional-rate CD is to write a check from a different financial institution for the deposit amount. Other options include cash advances and wire transfers (fees may apply). You can also move money from another financial institution to your Ent account through an external ACH (automated clearing house) transfer. However, that transfer must be completed (not pending) prior to you visiting one of our service centers and opening your promotional-rate CD.
Credit Union Overview
Ent Credit Union has an overall health grade of "B+" at DepositAccounts.com, with a Texas Ratio of 2.89% (excellent) based on March 31, 2023 data. In the past year, Ent CU has increased its total non-brokered deposits by $14.87 million, an above average annual growth rate of 0.19%. Please refer to our financial overview of Ent Credit Union (NCUA Charter # 68671) for more details.
Currently Colorado’s largest credit union and the 23rd 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 66 years of continuous operation, Ent CU has expanded its FOM to include the most populous counties in Colorado and currently has nearly 510,000 members and assets in excess of $9.9 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 11-Month Certificate Compares
When compared to similar length-of-term CDs tracked by DepositAccounts.com that are available within the FOM and have minimum deposit requirements of $10k or less, no banks or credit unions have higher rates than currently offered on the Ent Credit Union 11-month Certificate. The following table compares the 11-month Certificate to the two highest-rate CDs from other credit unions and the two highest-rate CDs from banks.
The above information and rates are accurate as of 8/18/2023.
To search for the best CD rates, both nationwide and state specific, please refer to our CD rates table page.
