Generations FCU (TX) Raises Rates On Long-Term CDs


Availability: Residents of the Texas counties of Atascosa, Bandera, Bexar, Comal, Guadalupe, Kendall, Medina, and Wilson.

It’s been almost 2 years since Generations Federal Credit Union (GFCU) had any note-worthy products. That changed this week with rate increases on its 48- and 60-month Share Certificates (both Regular and Jumbo). The minimum deposit for a Regular Share Certificate is $1k, with the Jumbo requiring a $100k minimum.

With the exception of the 60-month Jumbo Share Certificate, the new APYs equal or surpass the highest rates since the Share Certificates were added to the product line.

The 48- and 60-month Certificates are also available as IRAs (Traditional, Roth, SEP) earning the same APYs as the Regular Certificates, but requiring a lower minimum deposit of $250.

As stated on Generations FCU’s Truth In Savings Disclosure page, the Early Withdrawal Penalty reads as follows:

For all accounts, the amount of the early withdrawal penalty is based on the term of your account. The penalty schedule is as follows:

Terms of 36, 48 and 60 months 365 days’ dividends.

In addition you will be charged a $25.00 Service Fee for all early withdrawals regardless of the term of your account.


Headquartered in San Antonio, Texas, Generations Federal Credit Union has expanded its field of membership (FOM) significantly since I last wrote about them. The FOM now includes anyone who lives, works, worships, volunteers, attends school, or owns a business in the Texas counties of Atascosa, Bandera, Bexar, Comal, Guadalupe, Kendall, Medina, and/or Wilson.

In addition, immediate family members of current GFCU members are also eligible.

Joining GFCU and opening a CD can be done online simultaneously or in-person at any of 14 Texas branches located in San Antonio (13) and Schertz (1).

Credit Union Overview

Generations Federal Credit Union (NCUA Certificate # 4015) has an overall health grade of "C+" at, with a Texas ratio of 15.01% (above average) based on September 30, 2016 data. In the past year, Generations FCU increased its total deposits by $69.45 million, an above average annual growth rate of 13.48%. Please refer to our financial overview of Generations Federal Credit Union for more details.

Founded in 1940 by a group of San Antonio City employees, Generations Federal Credit Union is the 44th largest credit union in Texas, with more than 54,000 members and assets in excess of $639 million. The original field of membership included employees of the City of San Antonio, the San Antonio Fire Department and the San Antonio Police Department. Generations FCU has been recognized in local, regional, and national forums for innovative, award winning services, including opening a branch in a San Antonio Goodwill Store with the primary purpose to help people who do not typically have access to financial services.

Credit union employees will sit down with Goodwill customers, conduct a one-to-one
needs assessment interview and then recommend programs and services that fit their
situations. The credit union will also plan financial literacy courses.

How the Share Certificates Compare

When compared to the 194 similar length-of-term CDs tracked by, that are available to Bexer County residents, Generations Federal Credit Union's 48-month Jumbo and Regular Certificate APYs, rank first and second, respectively.

When compared to the 203 similar length-of-term CDs tracked by, that are available to Bexer County residents, Generations Federal Credit Union's 60-month Jumbo and Regular Certificate APYs, rank first and third, respectively.

The above rates are accurate as of 12/7/2016.

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


Generations FCU Celebrates 75 Years With Top Rate 24-month CD
Availability: Residents of Bexar County (San Antonio), Texas

Generations Federal Credit Union (Generations FCU) is celebrating 75 years of service with a 24-month CD (1.75% APY). The minimum opening deposit is $1K and there is no maximum balance cap.

The 24-month CD is also available as an IRA (Traditional and Roth) at the same APY, and with the same funding requirements.

As an added bonus, Generations FCU will raise the rate to 2.00% APY, if the following requirements are met within the first 60 days of the CD or...

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14-Month CD Rate Special at Generations FCU in San Antonio, Texas

Generations Federal Credit Union is offering a promotional certificate with very competitive rates. It has a 1.60% APY for a $100,000 minimum deposit or a 1.50% APY for a $10,000 minimum. The term is 14 months. The rates apply to both regular and IRA CDs. These rates are listed in this credit union promo page as of 2/19/2014. Thanks to DA member Shorebreak for posting on this news in the forum.

It’s interesting to note that Generations had a similar promotion in late 2012. In that case the CD had a...

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Mid-Term CD Rate Special at Generations FCU in San Antonio, Texas

Update 11/2/2012: The CD special has been extended. It's now scheduled to last through 12/31/2012.

Generations Federal Credit Union is offering a promotional certificate with a very competitive rate. It has a 1.50% APY for terms of 18 to 21 months. This is shown in the credit union's offers page as of 10/26/2012. According to the small print, the offer is good through 10/31/2012. Instructions advise members to visit a local branch or call (210) 229-1128 to open this special CD.

Credit union membership is open to anyone who lives, works, worships,...

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Best 18-Month CD Rate in Texas at Generations FCU in San Antonio - Local Only

Generations Federal Credit Union is offering a special 18-month certificate with a 2.35% APY for a $1,000 minimum and a 2.50% APY for a $100,000 minimum. Maximum deposit is $250,000 per qualified account holder. It's also available in an IRA. This deal is listed at the credit union's special offers page as of 4/13/2010.

Membership is open to those who live, work, attend school, worship or volunteer in Bexar County, Texas. Membership requires a minimum balance of $5 in the share savings account. Please refer to the credit union's membership page...

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One Year CD Yield as High as 4.40% at Generations FCU in Texas

Update 12/19/08: The CD rates have fallen. Please check the credit union's website for the latest rates.

Generations FCU continues to offer competitive CD rates. The best rates are on its Jumbo Term Share Certificates. These include a 4.10% APY 6-month CD, a 4.40% APY 12-month CD, a 4.50% APY 24-month CD and a 4.70% APY 36-month CD. Minimum deposit is $100,000. The rates for its Regular Term Share Certificates are 10 basis points lower and require a minimum deposit of $1,000. These are also available in an IRA. These rates...

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