Deal Summary: 18-month CD (1.50% APY, $100k min; 1.45% APY, $50k min; 1.40% APY, $500 min) and 30-month CD (2.00% APY, $100k min; 1.95% APY, $50k min; 1.90% APY, $500 min)
For a limited-time, Firstmark Credit Union (Firstmark CU) is offering two CDs with tiered rates:
1.40% APY - $500 minimum
1.45% APY - $50k minimum
1.50% APY - $100k minimum
1.90% APY - $500 minimum
1.95% APY - $50k minimum
2.00% APY - $100k minimum
According to CSR, the Early Withdrawal Penalty for any CD with a term of 1 year or greater is 180 days interest.
Thanks to DA reader, ChasR, for his Forum post about this limited-time offer, including the reminder that Firstmark CU used to be an Easy Membership Requirement (EMR) credit union. The EMR changed in early 2013.
Headquartered in San Antonio, Firstmark Credit Union’s field of membership (FOM) is primarily residency-based that covers portions of South and Central Texas.
Residency - Individuals who live, work, worship, or attend school in the Texas counties of Bexar, Comal, Crockett, Edwards, Guadalupe, Kenney, Maverick, Sutton, Terrell, or Val Verde are eligible to join.
Residency - Individuals who live or work in the Texas counties of Blanco, Gillespie, Kimble, Llano or Mason also qualify for membership.
Employment - Employees of the Texas A&M Extension System are eligible for membership, as are employees/retirees/students of the public school districts, colleges, and universities in Atascosa, Bandera, Bexar, Dimmit, Frio, Kendall, La Salle, McMullen, Medina, Wilson and Zavala Counties.
Affiliation - Members and employees of any Catholic church located in Bracketville, Comstock, Del Rio, or Rocksprings Counties are eligible. Members of the Bexar County Medical Society and the Catholic Life Insurance Company also qualify for membership.
Relationship - All relatives of membership-eligible individuals also qualify.
Credit Union Overview
Firstmark Credit Union has an overall health grade of "B+" at DepositAccounts.com, with a Texas ratio of 6.70% (excellent) based on September 30, 2016 data. In the past year, Firstmark CU has increased its total non-brokered deposits by $58.15 million, an excellent annual growth rate of 7.16%. Please refer to our financial overview of Firstmark Credit Union (NCUA Charter # 62509) for more details.
Founded in November 1932 as the San Antonio Teachers Credit Union, Firstmark Credit Union is the oldest state-chartered credit union in San Antonio. One month after the Credit Union opened its door, there were 40 members and $475 in assets. The name changed in 2002, following an expansion in the FOM. Following the acquisitions of Southside Credit Union (2013) and St. Joseph’s Credit Union (2015), Firstmark CU has become the 17th largest credit union in Texas, with more than 103,100 members and assets in excess of $1 billion.
How the CDs Compares
When compared to the similar length of term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Firstmark Credit Union's 18-month CD highest APY currently ranks second.
When compared to the similar length of term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Firstmark Credit Union's 60-month CD highest APY currently ranks first.
The above rates are accurate as of 3/1/2017.