Glass City Federal Credit Union (OH) Has New Competitive 9-Month CD


Deal Summary: 9-Month CD Special, 4.50% APY, $500 minimum, new money.

Availability: Ohio counties of Fulton, Lucas, Ottawa, and Wood.

As its 75the anniversary year draws to a close, Glass City Federal Credit Union (Glass City FCU) has added a competitive 9-Month CD Special to its product line. While this limited-time CD Special can be opened with a $500 minimum deposit, “new money is required for the full deposit amount.”

As stated in the “Rate Schedule” document, the Early Withdrawal Penalty reads as follows:

Penalty for early withdrawal/closing of the account for term of 6 months to 1 year is the forfeiture of dividends earned since date of issuance or 90-days’ dividends, whichever is smaller.

Excess Share Insurance

Glass City FCU offers Excess Share Insurance.

Your savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government, National Credit Union Administration, a U.S Government Agency. Additional insurance up to $250,000 provided by Excess Share Insurance Corporation, a licensed insurance company.

Availability and Account Opening

Headquartered in Maumee, Ohio, Glass City Federal Credit Union’s field of membership (FOM) is community-based, with individuals who live, work, worship, or attend school in the northwest Ohio counties of Fulton, Lucas, Ottawa, or Wood eligible to join.

Immediate family members of eligible individuals may be eligible for membership.

Joining Glass City FCU can be done at any of five Ohio full-service branches located in Bowling Green, Maumee, and Toledo (3). Appointments are available and can be scheduled by calling 419.887.1000. The Membership Application is available upon request through a “Contact Us” form.

Glass City membership requires a $25 minimum balance in a Primary Share Savings account.

Funding and Other Details

The following information is from a recent conversation with CSR.

  • Funding – ACH, wire, or check.
  • CO-OP Shared Branch Participant – No.
  • Dividends – Compounded/credited quarterly; dividends can be paid out or transferred to another Glass City FCU account.
  • Maturing Funds – Cashier’s check to address on file or internal transfer.
  • Beneficiaries – Unlimited, equal shares, Social Security number required.
  • Grace Period – 7 calendar days before automatic renewal as a 12-month CD.
  • Credit Check – Soft pull when joining.

Credit Union Overview

Glass City Federal Credit Union has an overall health grade of "B+" at, with a Texas Ratio of 1.70% (excellent) based on September 30, 2022 data. In the past year, Glass City FCU increased its total non-brokered deposits by $9.35 million, an excellent annual growth rate of 3.73%. Please refer to our financial overview of Glass City Federal Credit Union (NCUA Charter # 5495) for more details.

Established in 1947, Glass City Federal Credit Union is currently one of northwest Ohio’s largest credit unions with more than 26,600 members and assets in excess of $297 million. The City of Toledo became known as “Glass City” when the New England Glass Works (now Libbey Glass Company) moved from Massachusetts to Ohio in 1888. While the Glass City name might suggest an industry-affiliated FOM, the Credit Union has always maintained a community FOM, although in late 2015, the Libbey (as in Libbey Glass) Federal Credit Union merged with Glass City FCU.

How the 9-Month CD Special Compares

When compared to similar length-of-term CDs tracked by that are available within the FOM and have minimum deposit requirements of $10k or less, only one credit union has a higher rate than currently offered on the Glass City Federal Credit Union 9-month CD Special. The following table compares the 9-month CD Special to the two highest-rate CDs from other banks and the two highest-rate CDs from credit unions.

The above information and rates are accurate as of 12/30/2022.

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

Related Pages: Toledo CD rates, 1-year CD rates

Glass City Federal Credit Union (OH) Has 60-Mo CD Special, 3.50% APY
Deal Summary: 60-Month CD Special, 3.50% APY, $500 minimum deposit, new money.

Availability: Residents of the NW Ohio counties of Fulton, Lucas, Ottawa, or Wood.

Glass City Federal Credit Union’s (Glass City) 60-Month CD Special earns 3.50% APY. The CD Special requires a minimum of $500 of new money “for the full deposit amount.” New money is defined as “funds not currently held in deposit accounts at Glass City.”

The 60-month CD Special is also offered as an IRA (Traditional, Roth, CESA), earning the same...

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Glass City FCU (OH) Adds 40-Month CD and 30-Month IRA Specials

Deal Summary: 40-Month CD Special, 1.91% APY, $500 new money minimum; 30-Month IRA CD Special, 1.76% APY, $1k new money minimum.

Availability: Residents of the Ohio counties of Fulton, Lucas, Ottawa, or Wood.

Last week, Glass City Federal Credit Union (Glass City FCU) added a 40-Month CD Special (1.91% APY) and 30-Month IRA CD Special (1.76% APY) to its product line. While both Specials require new money “for the full deposit amount,” the 40-Month CD Special requires only a $500 minimum deposit, as compared to the $1k...

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4.14% 14-Month CD at an Ohio Credit Union (Glass City).
Update 3/29/08: The special 14-month CD has ended. Please check the credit union's website for the latest rates.

Glass City Federal Credit Union is listing a special 14-month share certificate with a yield of 4.14% APY. The minimum deposit is $500, and new money is required. There's also a 12-month IRA certificate with a 4.14% APY for new contributions. The 48 and 60-month CDs and IRAs also have a competitive yield of 4.10% APY.

This credit union has offered many good CD specials in the past. The last one I reported on...

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5.60% 3-Month / 5.60% 60-Month CD at an Ohio CU - and all terms in between (Glass City)
Glass City Federal Credit Union is having a "Pick Your Term Certificate Special" with a yield of 5.60% APY on all terms from 3 months to 60 months. The minimum deposit is $500 of new money. Certificate IRA's are also available for terms of 12 to 60 months. See pdf of promo.

This credit union often has some good CD promos. Last October it was offering a 6% 40-month CD.

Field of membership includes all those who live, work, worship or attend school in the Ohio counties of Lucas, Wood, Fulton and...

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6.00% 40-Month CD at an Ohio CU (Glass City FCU)
Glass City Federal Credit Union is offering a 6.00% APY 40-month share certificate. The minimum deposit is $2.5K. Money must be new to the credit union.

The last CD special from this credit union was back in March when it was offering a "pick any term" 5% CD.

The field of membership includes all those who live, work, worship or attend school in the Ohio counties of Lucas, Wood, Fulton and Ottawa.

Glass City's main office is in Maumee, Ohio. It also has branches in Bowling Green and Toledo.

The credit union is...

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