Alliance CU (CA/NC) Raises Rate On 48-Month CD


Availability: Residents of Alameda, Santa Clara, and San Mateo Counties, California, and Brunswick, New Hanover, and Pender Counties, North Carolina; Employees of 400+ SEGs.

Alliance Credit Union (Alliance CU) recently raised the rate on its 48-month Share Certificate (2.00% APY). The minimum opening deposit is $500, with no stated balance cap.

2.50%$500-Excite Credit Union48 Month Share Certificate
2.50%$500-Excite Credit Union48 Month IRA (Traditional, Roth, CESA)
Rates as of January 21, 2020.

The 48-month Share Certificate is also available as an IRA (Traditional, Roth, and CESA), earning the same APY with the same funding requirements.

The current 2.00% APY is the highest rate the 48-month Share Certificate has experienced, since it became a part of Alliance CU’s product line in February 2011.

According to CSR, the Early Withdrawal Penalty (EWP) is 180 days interest.

Commentary - While the Truth In Savings Disclosure and Agreement is prominently featured on Alliance CU’s website, I was disappointed to see this entry for EWP on Share Certificates.

For more detailed information, please refer to the separate Share Certificate
Account Agreement and Disclosure which accompanies this disclosure.

I then read all nine of the informational documents attached to the online application, none of which contained the “Share Certificate Account Agreement and Disclosure” or the EWP information I was seeking. Stepping off my soap-box now.


Headquartered in San Jose, California, Alliance Credit Union offers membership based on residency, employment, and family relationships.

Residency: Individuals who live, work, or attend school in the California counties of Alameda, Santa Clara, or San Mateo; or the North Carolina counties of Brunswick, New Hanover, or Pender are eligible to join.

Employment: Employees of more than 400 SEGs (listed on first page of online application) qualify for membership.

Relationship: Family members and household members of current Alliance CU members are also eligible. Family members, in this instance, are defined as, “spouse, child, sibling, parent, parent-in-law, grandparent, grandchild, stepchild, stepparent, stepsibling, adopted child, foster child, brother or sister in-law, aunt, uncle, aunt-in-law, uncle-in-law, niece, nephew or cousin.”

Joining Alliance CU and/or opening a Share Certificate can be done online, or at any of the four California branches located in San Jose (3) and Sunnyvale, or the two North Carolina branches, both located in Wilmington.

Credit Union Overview

Alliance Credit Union (NCUA Charter # 68441) has an overall health grade of "B+" at, with a Texas ratio of 3.67% (excellent) based on March 31, 2016 data. In the past year, Alliance CU has increased its total assets by $16.66 million, an excellent annual growth rate of 4.94%. Please refer to our financial overview of Alliance Credit Union for more details.

Founded in 1952 by a group of General Electric employees, Alliance Credit Union is currently California’s 85th largest credit union, with more than 35,700 members and assets in excess of $390 million. Alliance CU recently began offering insurance services through Insuritas to their membership. In a June 30, 2016 CU Insight article,Brian Dorcy, President and CEO of Alliance CU stated,

We recognize that a majority of our members buy auto & home insurance every year – and
we are perfectly positioned to be their trusted agent. Insuritas will build, launch and manage
our full service insurance agency in California and North Carolina, and will offer all lines of
insurance products to protect our members, their families and small businesses.

How the Share Certificate Compares

When compared to the 167 similar length-of-term CDs tracked by, which require a similar minimum deposit and are available to residents in the San Jose, California area and Wilmington, North Carolina area, Alliance Credit Union's 60-month Share Certificate APY currently ranks second.

The above rates are accurate as of 7/29/2016.

To look for the best CD rates, both nationwide and state specific, please refer to our CD rates table, or our Rates Map page.

5.75% 5-Month CD at a California/North Caralina CU (Alliance)
Alliance Credit Union is offering a special 5.75% APY 5-month share certificate. The minimum deposit is $5,000. It requires a checking account to receive the full 5.75% APY. Without a checking account the APY is 5.50%. They do offer a free checking account with no monthly fees.

The field of membership includes anyone who lives, works, worships or attends school in the counties of Santa Clara, San Mateo and Alameda in California; and New Hanover, Pender or Brunswick counties in North Carolina. In addition, there are over 400 select employer groups...

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