To help you “launch your savings,” Georgia United Credit Union (Georgia United) is currently offering two very competitive CD Specials: 15-month (5.13% APY) and 7-month (5.06% APY). The minimum opening deposit is $1k of new money, with no stated balance cap. “New money” is defined as funds from another financial institution.
As stated in the GUCU Truth-In-Savings disclosure, the Early Withdrawal Penalty reads as follows:
Withdrawal of the principal amount of your Certificate may be made only with the consent of the Credit Union.
Unless stated otherwise, owners of accounts with a stated term of one year or less shall forfeit an amount equal to up to 90 days dividends on the amount withdrawn, or the length of the term, whichever is less, when any withdrawal is allowed.
Unless stated otherwise, owners of accounts with a stated term of more than one year shall forfeit an amount equal to up to 180 days dividends on the amount withdrawn, or the length of the term, whichever is less, when any withdrawal is allowed.
The penalty will, if necessary, be taken from the principal amount of the deposit.
Headquartered in Duluth, Georgia (22 miles northeast of Atlanta), Georgia United Credit Union’s field of membership (FOM) now includes virtually all residents of Georgia. The last option listed on the online membership application reads,
I live in Georgia and would like to use the Getting Ahead Association to qualify for membership.
The Getting Ahead Association (GAA), can be joined by “any individual who maintains a valid Georgia residence and is genuinely committed to improving their own financial well-being.”
According to GAA’s About Us page, its members are eligible to join 16 different Georgia credit unions, including GUCU. Joining GAA ($5 annual dues) can be done online or by downloading a GAA Membership Application. As stated on the GAA Membership page,
Applications can also be found at participating credit unions, or by calling 678-542-3535.
As stated on the Membership Eligibility page, anyone who lives or works in any of 53 Georgia counties (mainly in the northern part of the state) are eligible for membership.
Employees and retirees of 15 public school systems, 25 private/parochial schools, and 66 colleges/universities (including University of Georgia students and alumni) qualify for membership, as do employees of more than 250 Workplace Partners/Select Employee Groups (listed on the online application).
Immediate family and household members of a current Georgia United member or an eligible non-member are welcome to apply.
Joining Georgia United and/or opening a CD Special can be done online or in person at any of 12 Georgia branches located in Athens, Atlanta, Clarkston, Conyers, Cumming, Dalton, Decatur, Dublin, Duluth (2), Stockbridge, and Tucker. Appointments are recommended and can be scheduled online.
To get started, open a Prime Share Savings Account with a $5 opening deposit plus a $5 one-time, nonrefundable membership fee.
Funding and Other Details
The following information is from the TIS and Rate/Fee Schedule document and a conversation with CSR.
- Funding – ACH, wire ($15 fee), or internal transfer.
- CO-OP Shared Branch Participant – No.
- Dividends – Compounded daily/credited quarterly. Dividends can automatically be paid by a mailed check or transferred to another Georgia United account.
- Maturing Funds – Cashier’s check to address on file, or internal transfer.
- Beneficiaries – Unlimited, percentages can be assigned, and Social Security numbers are required.
- Grace Period – 7 calendar days before automatic renewal as an 18-month CD.
- Credit Check – Hard pull.
Credit Union Overview
Georgia United Credit Union has an overall health grade of "B+" at DepositAccounts.com, with a Texas Ratio of 2.81% (excellent), based on September 30, 2023 data. In the past year, Georgia United increased its total deposit by $70.09 million, an excellent annual growth rate of 4.24%. Please refer to our financial overview of Georgia United Credit Union (NCUA Charter # 68607) for more details.
Chartered in 1958, Georgia United Credit Union is currently the seventh largest credit union headquartered in Georgia, with more than 152,000 members and assets in excess of $2 billion. Previously known as Georgia Federal Credit Union, the Georgia United rebrand occurred in 2010 following a change to a state charter. The new name was chosen to honor the credit union’s history while looking forward to an organization that is united in building strong financial futures for Georgia residents.
How the 15-month CD Special Compares
When compared to similar length-of-term CDs tracked by DepositAccounts.com which are available within the FOM and have minimum deposit requirements of $10k or less, no banks or credit unions have higher rates than currently offered on the Georgia United Credit Union 15-month CD Special. The following table compares the 15-month CD Special to the two highest-rate CDs from other credit unions and the two highest-rate CDs from banks.
The above information and rates are accurate as of 2/28/2023.
To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.