Expedition Credit Union Has Nationally Available 15-Month CD Special


Deal Summary: 15-Month CD Special, 5.51% APY, $2.5k minimum, existing and/or new deposits.

Availability: Easy membership requirement.

Minnesota-based Expedition Credit Union (ECU) is currently offering a 15-month CD Special earning 5.51% APY. The minimum opening deposit is $2.5k, with no stated balance cap. While a CD Special sometimes requires new money, the landing page states that “new or existing deposits qualify” when opening a 15-month CD Special.

The five other CDs in the ECU product line are “FlexRate” CDs that feature a bump-up option. According to CSR, the 15-month CD Special does not have a bump-option.

Early Withdrawal Penalty

As stated in the Truth-in-Savings disclosure, the Early Withdrawal Penalty reads as follows:

Terms of 13 to 24 months – 120 days’ interest

According to CSR, partial withdrawals are allowed, but the principal is not protected. “If the account has not yet earned enough interest or if the interest has already been paid, the penalty will be deducted from the principal.”

Excess Share Insurance

In addition to NCUA insurance, Expedition Credit Union offers Excess Share Insurance.

Savings at Expedition Credit Union are federally insured by the NCUA through its National Credit Union Share Insurance Fund (NCUSIF) up to at least $250,000 per member, and additional private insurance is provided up to at least $250,000 per member by the Excess Share Insurance Corporation (ESI), for combined coverage of at least $500,000 - the highest level of combined federal/private share savings insurance available.


Headquartered in Mendota Heights, Minnesota, Expedition Credit Union offers a way for almost any U.S. citizen or resident alien to join.

Easy Membership Requirement: Making a one-time, tax-deductible $5 donation to the Expedition Foundation qualifies for membership.

Residency: Individuals who live, work, worship, attend school, or do business in the Minnesota counties of Anoka, Dakota, Hennepin, Ramsey or Washington also qualify.

Employment: Employees of Educators Financial Services, Inc. and St. Louis Park City are eligible to join.

Affiliation: Members of several Minnesota educational associations and groups also qualify for membership.

Family: “Everyone related to a current member by blood, adoption or marriage is eligible to join Expedition Credit Union, regardless of where she/he lives.”

Complete membership details are available on the Become A Member page.

Account Opening

Joining ECU can be done online or at either of two full-service Minnesota branches located in Apple Valley and Coon Rapids. You can also call (800.229.2948 or 651.264.0669) and ECU will “mail you everything you need to open an account.”

The 15-month CD Special cannot be opened online. As stated on the landing page,

Use the Chat feature on this website, visit us at a local branch or call 651-264-0669 to get started.

Opening a Membership Share with a minimum $5 deposit is required to establish an ECU membership.

Funding and Other Details

The following information is from the Truth-in-Savings disclosure and a Live Chat with CSR.

  • Funding – ACH, wire ($5 fee), check, internal transfer, Shared Branch transaction.
  • CO-OP Shared Branch Participate – Yes.
  • Ownership – Individual, or joint. A trust can be named as a beneficiary, but not as an owner.
  • Dividends – Compounded/credited quarterly; “you may choose to have interest credited to your certificate account or paid to you by check.”
  • Maturing Funds – Wire ($25 fee), cashier’s check to the address on file, or transferred into an existing ECU account.
  • Beneficiaries – Unlimited and percentages can be assigned; Social Security numbers are preferred by not required for beneficiaries.
  • Grace Period – 7 calendar days before CD automatically renews as “the closest available regular certificate term, not exceeding current term, if not cashed in.”
  • Credit Check – Hard pull when joining utilizing Transunion and/or Experion.

Credit Union Overview

Expedition Credit Union has an overall health grade of "B" at DepositAccounts.com, with a Texas Ratio of 2.46% (excellent), based on September 30, 2023 data. In the past year, ECU’s total non-brokered deposits decreased by $-13.4 million, a below average annual growth rate of -4.63%. Please refer to our financial overview of Expedition Credit Union (NCUA Charter # 62964) for more details.

Expedition Credit Union is currently the 29th largest credit union headquartered in Minnesota, with more than 17,000 members and assets in excess of $233 million. ECU opened its doors in 1957 as the MEA (Minnesota Education Association) Credit Union, serving the members of the MEA Teachers Union. In 1998, MEA and the Minnesota Federation of Teachers merged and became Education Minnesota. As a result of that merger, MEA Credit Union changed their FOM to include all staff and members of the new teachers union and rebranded as United Educators Credit Union in 1999. As the FOM continued to grow and diversify, the “Expedition” rebrand occurred in 2021. According to the ECU About Us page,

To reflect our growing membership, break the perceived barriers that we are exclusive to educators only, and continue to grow in order to survive and thrive into the future, United Educators Credit Union made the decision to change its name to Expedition Credit Union.

How the 15-Month CD Special 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, one bank has a higher rate than currently offered on the Expedition 15-Month CD Special. The following table compares the 15-Month CD Special to the four highest-rate similar length-of-term CD APYs from other banks/credit unions with nationwide market areas.

The above information and rates are accurate as of 1/12/2024.

To search for the best CD rates, both nationwide and state specific, please refer to our CD rates table page.

Related Pages: Minneapolis CD rates, 1-year CD rates, nationwide deals

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