Kansas-based Heartland Credit Union (Heartland CU) is celebrating its 75th anniversary by offering a 17-month Certificate Special with a near rate-leading 5.75% APY. The minimum opening deposit is $500, but a Youth Certificate Special (members 24 years or younger) can be opened with a $100 minimum deposit.
Early Withdrawal Penalty
The Truth-in-Savings disclosure for Certificates is no longer available on the Heartland CU website. According to CSR, the Early Withdrawal Penalty for the 17-month Certificate Special is 180 days of dividends on the amount withdrawn, with partial withdrawals allowed. The principal will be reduced if a withdrawal is made within 6 months of account opening.
Headquartered in Hutchinson, Kansas, Heartland Credit Union’s field of membership (FOM) provides a way to join for virtually any U.S. citizen/resident alien who has a valid Social Security number.
The Membership Eligibility page lists four paths to membership.
Question #4: “Are you (OR a family member) working in or are you/they retired from one of the following occupations?” The 23 listed occupations are so general in nature (Sales, Office, Management, Business, etc.) that virtually anyone can qualify.
The three other ways to qualify are,
Question #1: “Are you (OR a family member) live, work in, worship in, or get paid from one of these counties in Kansas?” Those counties include Atchison, Barton, Butler, Clay, Cloud, Cowley, Dickson, Douglas, Edwards, Ellis, Ellsworth, Finney, Ford, Geary, Graham, Harvey, Hodgeman, Jackson, Jefferson, Jewell, Johnson, Kingman, Kiowa, Leavenworth, Lincoln, Lyon, Marion, McPherson, Miami, Mitchell, Morris, Osage, Ottawa, Pawnee, Pottawatomie, Pratt, Reno, Rice, Riley, Rooks, Rush, Russell, Saline, Sedgewick, Shawnee, Stafford, Sumner, Trego, Wabaunsee, or Wyandotte.
Question #2: “Do you have a family member who is a member with us?” Family members related by blood, marriage, or adoption qualify.
Question #3: “Are you (OR a family member) an employee of, patron of, or retiree of any of the following entities?” Thirty-five local SEGs are listed.
Joining Heartland CU can be done online, or at any of nine full-service branch locations located in Haven, Hays, Hutchinson (3), Ness City, Newton, and Wichita (2). There’s also a branch located in Hutchinson High School, with access limited to the school’s students and staff.
It’s easy to become an HCU member, all you do is open the
Prime Share Savings Account with a $25 minimum deposit.
Opening a CD can be done at any of the above-mentioned branch locations or by calling the eBranch (800.428.8472).
Heartland CU participates in the CO-OP Shared Branch and ATM networks, giving its members access to more than 5,000 shared branches and nearly 30,000 ATMs throughout the country.
Funding and Other Details
The following information is from a Live Chat with CSR.
- Funding – ACH, wire, check (in-branch), or shared branch transfer.
- Ownership – Individual, joint, or trust.
- CO-OP Shared Branch Participant – Yes.
- Dividends – Compounded/credited quarterly; can be transferred to a Heartland CU Prime Share Savings account penalty-free.
- Maturing Funds – Internal transfer to a Heartland CU Prime Share Savings account.
- Beneficiaries – Unlimited with equal shares; Social Security numbers are not required.
- Grace Period – 10 calendar days.
- Credit Check – Hard pull.
Credit Union Overview
Heartland Credit Union has an overall health grade of "B+" at DepositAccounts.com, with a Texas Ratio of 11.50% (above average) based on June 30, 2023 data. In the past year, Heartland CU has increased its total non-brokered deposits by $35.41 million, an excellent annual growth rate of 7.94%. Please refer to our financial overview of Heartland Credit Union (NCUA Charter # 62031) for more details.
Founded in 1948, Heartland Credit Union was originally known as Hutchinson Teachers Credit Union. With 14 founding members and $315 in assets, the newly-formed credit union was housed in the home of two its founding members. As the FOM expanded and mergers occurred, the “Teachers” was dropped from the credit union’s name, with the Heartland rebrand occurring more than eight years ago. Heartland Credit Union is currently the eighth largest credit union headquartered in Kansas, with nearly 39,000 members and assets in excess of $616 million.
How the 17-Month Certificate Special Compares
When compared to similar length-of-term CDs tracked by DepositAccounts.com that are available within the FOM and have minimum deposit requirements of $10k or less, one credit union has a higher rate than currently offered on the Heartland Credit Union 17-Month Certificate Special. The following table compares the 17-Month Certificate 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 10/17/2023.
To look for the best CD rates, both nationwide and state specific, please refer to our Best CD Rates Table page.