Gesa Credit Union Ups 7-Month Certificate Rate


Deal Summary: 7-month Certificate, 1.00% APY, $500 minimum deposit.

Availability: Residents of Washington State, ten Idaho counties, and twelve Oregon counties.

Washington-based Gesa Credit Union (Gesa) began the month by raising the rate on its 7-month Certificate to 1.00% APY. This short-term Certificate requires a $500 minimum opening deposit and has no stated balance cap.

The 7-month Certificate has been part of the product line for more than three years. The initial 1.17% APY was in effect for two years before it was increased to 1.47% APY in October 2019; the rate dropped to 0.77% APY last August. The 7-month Certificate currently has the second highest CD APY offered by Gesa – the highest (1.10% APY) is offered on the 84-month Certificate ($100k minimum deposit).

As stated on Gesa’s Certificates page, the Early Withdrawal Penalty reads as follows:

If your account has an original maturity (term) of less than 12-months: The
penalty will equal 90 days interest on the amount withdrawn subject to penalty.


Headquartered in Richland, Washington, Gesa Credit Union’s field of membership (FOM) has expanded since I last wrote about Gesa in January 2019. In addition to all individuals who live, work, worship, or attend school anywhere in Washington State, the FOM now includes the residents of the following ten Idaho counties and twelve Oregon counties.

Idaho counties: Benewah, Bonner, Boundary, Clearwater, Idaho, Kootenai, Latah, Lewis, Nez Perce, and Shoshone.

Oregon counties: Clackamas, Clatsop, Columbia, Gilliam, Hood River, Morrow, Multnomah, Sherman, Umatilla, Union, Wasco, and Washington.

”Close relatives” of individuals who qualify for membership are also welcome to apply.

Joining Gesa and/or opening a Certificate can be done online or at any of 28 Washington branches located in Bremerton, East Wenatchee, Kennewick (2), Kirkland, Lynnwood, Moses Lake, Pasco (3), Puyallup, Richland (4), Seattle, Spokane (3), Spokane Valley, Tacoma, Tukwila, Walla Walla (2), Wenatchee, West Richland, and Yakima (2). Gesa's Temporary Changes to Hours and Services page not does currently list any branch locations "operating with modified services."

Become a member-owner of Gesa with as little as a $5 savings account deposit and enjoy the benefits.

Gesa participates in the CO-OP Shared Branch network,

the second largest branch network in the US. This gives Gesa members the ability to do your banking at a credit union conveniently located near you, with almost 200 locations in Washington State alone.

Credit Union Overview

Gesa Credit Union has an overall health grade of "A+" at, with a Texas Ratio of 1.63% (excellent) based on September 30, 2020 data. In the past year, Gesa has increased its total non-brokered deposits by $601.45 million, an excellent annual growth rate of 19.84%. Please refer to our financial overview of Gesa Credit Union (NCUA Charter # 68278) for more details.

”It started in a shoebox.” GESA Federal Credit Union was established in 1953 by members of General Electric Supervisor's Association (G.E.S.A.). The initial membership was exclusive to the 2,600 exempt employees of General Electric, with the first account receipts stored in a shoebox. Thirty years later, membership was opened to select employee groups who could not support a credit union of their own. Gesa converted from a federal to a state charter credit union in 1997, as a result of legislation which prevented all federal credit unions from expanding beyond their core membership.

According to an August 2019 CUTimes article,

The second quarter’s largest approved merger was the $1.3 billion Inspirus Credit Union in Seattle, Wash., with the $2.1 billion Gesa Credit Union in Richland, Wash. That consolidation deal was initially announced in December 2018, creating the second largest cooperative in the Evergreen State. On Aug. 1, Inspirus CU began operating as a division of Gesa CU.

Gesa Credit Union is currently the second largest credit union headquartered in Washington, with more than 258,000 members and assets in excess of $4.2 billion.

How the Certificate Compares

When compared to the similar length-of-term CDs tracked by that require a similar minimum deposit and are available within the FOM, Gesa Credit Union’s 7-month Certificate APY currently ranks first.

The above information and rates are accurate as of 3/3/2021.

To look for the best CD rates, either nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: Yakima CD rates, Seattle CD rates, Spokane CD rates, 1-year CD rates

Gesa Credit Union (WA/ID) 36-Month Bump CD Now Earns 3.50% APY
Deal Summary: 36-month Bump Certificate, 3.50% APY, one-time rate increase, $500 minimum deposit.

Availability: Residents of Washington State and eight Idaho panhandle counties.

Earlier this week, Gesa Credit Union (Gesa CU) raised the rate on its 36-month Bump Certificate to 3.50% APY. The bump option allows for a one-time rate increase (any time during the term) that must be initiated by the certificate’s owner. This limited-time offer requires a $500 minimum opening deposit and has no balance cap.

The Bump Certificate is also available as an IRA (Traditional...

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Earn $100 With A New Gesa Credit Union (WA) Checking Account

Deal Summary: $100 Bonus when opening a new checking account.

Availability: Residents of Washington State

Although 2017 is about two months old, Gesa Credit Union (Gesa CU) is still offering a $100 checking bonus to “help you kick off 2017 the right way.” Checking account bonuses rarely have so few requirements and are rarely awarded so quickly. The details of the promotion are listed in this credit union page and are summarized below:


  • Open a new Classic Checking or Colossal Checking account.
  • Minimum $500 opening deposit required.
  • May not have had a Gesa...

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Gesa CU (WA) Offers Limited-Time Special Rates On CDs
Availability: Residents of Washington State

Gesa Credit Union (Gesa CU) began the New Year by raising the rates on all its Certificates, with the most impressive rates on the 60-month (2.15% APY) and the 7-year (2.50% APY). The minimum opening deposit is $500, with no balance cap.

Gesa CU’s website lists two categories of Certificates - $500 and $5K minimum deposits, but currently the APYs are the same for either minimum deposit level.

Both Certificates are also available as IRAs (Traditional and Roth), earning same APYs, but...

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Gesa CU (WA) Raises Rates on 36-, 48-, and 60-month CDs - Local Only


Residents of Washington State

Gesa Credit Union (Gesa CU) began the New Year by raising the rates on its longer term CDs: 36-month (1.70% APY), 48-month (2.00% APY), and 60-month (2.50% APY). The minimum opening deposit is $500, with no maximum balance cap. All three CDs are also available as IRAs (Traditional and Roth) at the same rates and with the same funding requirements.

As stated on Gesa CU’s Truth In Savings page, the Early Withdrawal Penalty reads as follows:

Gesa CU also offers a series of...

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Special CD and IRA CD Rates at Gesa Credit Union in Washington State

Gesa Credit Union has competitive rates on its special certificates. The two best deals are the 14-month CD which has a 1.14% APY and a 30-month CD which has a 1.64% APY. There’s also a 5-year CD with a 2.14% APY and a 7-year CD with a 2.34% APY. These rates are listed in the credit union’s savings page as of 3/19/2014. Minimum deposit for consumer certificates is $500, and the minimum for IRA certificates is $2,500. One downside is a maximum deposit. For the 14-month CD, the maximum deposit...

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