Federal Employees CU (AL) Hikes All CD Rates Substantially


Availability: Current and retired federal employees, including members of the military and veterans

Federal Employees Credit Union (FECU) has just raised the rates on all seven of its CD to very competitive levels. These are the first rate increases for any of FECU’s CDs in over a year, with each APY boosted by 50 basis points.

5.00%$500-Federal Employees Credit Union6 Month CD
4.80%$500-Federal Employees Credit Union12 Month CD
4.25%$500-Federal Employees Credit Union18 Month CD
4.00%$500-Federal Employees Credit Union24 Month CD
4.00%$500-Federal Employees Credit Union30 Month CD
3.70%$500-Federal Employees Credit Union36 Month CD
3.50%$500-Federal Employees Credit Union48 Month CD
Rates as of April 12, 2024.

The minimum deposit to earn the above APYs is $100K, with no balance cap. Deposits below $100K (minimum $500) earn lower APYs, which range from 10-30 basis points lower, with the exception of the 48-month CD.

As stated on FECU’s Certificate of Deposit page, the Early Withdrawal Penalty reads as follows:

Early withdrawal penalty of 90 days interest.


Headquartered in Birmingham, Alabama, Federal Employees Credit Union offers membership to current and retired federal employees, including members of the military and veterans.

First, the good news - at this time, there are over 2.5 million federal employees who could potentially make FECU one of the largest credit unions in the country. The bad news is

It is our policy to only open new accounts in-house for your security and identity protection.

Joining FECU and/or opening a CD must be done in-person at the sole branch location in Birmingham, near the University of Alabama at Birmingham.

Credit Union Overview

Federal Employees Credit Union (NCUA Charter # 62599) has an overall health grade of "B" at DepositAccounts.com, with a Texas ratio of 7.92% (excellent) based on September 30, 2015 data. In the past year, FECU has increased its total deposits by $2.97K, an above average annual growth rate of 2.58%. Please refer to our financial overview of Federal Employees Credit Union for more details.

How the CDs Compare

When compared to the similar length-of-term CDs tracked by DepositAccounts.com that are available to Alabama residents, all of Federal Employees Credit Union's CDs are competitive, with every CD ranking in the top 3 CDs of each category. The following is a sampling of the most competitive of FECU’s CDs.

The above rates are accurate as of 12/9/2015.

To search for nationwide CD rates and CD rates in your state, please refer to the CD rates section of DepositAccounts.com.

Related Pages: Federal Employees Credit Union, Birmingham


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