Heritage Community Credit Union (CA) 1-Year CD Special Is Rate Leader


Deal Summary: 12-month Share Certificate Special, 1.75% APY, $500 min/$250k max deposit, with at least 25% being new money, limit of one per member and/or household.

Availability: Easy membership requirement in California.

Heritage Community Credit Union (HCCU) has added a 12-month Share Certificate Special (SCS), which earns a very competitive 1.75% APY. This limited-time SCS can be opened with a minimum deposit of $500 and is capped at $250k. The opening deposit must include at least 25% of new funds, which is defined as “not from an existing Heritage Community Credit Union account.” There is also a limit of one 12-month SCS per member and/or household.

While the SCS is clearly advertised as a limited-time offer, there is no stated end-date on the landing page and CSR was not aware of any end-date or deposit target.

According to CSR, the Early Withdrawal Penalty is 90 days dividends on the amount being withdrawn. Partial withdrawals and an early closure are both allowed.

Funding a SCS can be done by ACH, wire transfer, or check. Unfortunately, HCCU does not participate in the CO-OP Shared Branch network.

Maturing funds can be distributed by a check to the address on file or deposited into an HCCU checking/savings account. There is a ten day grace period before the 12-month Share Certificate Special renews as a 12-month CD.

Kasasa Cash Account

HCCU began offering Kasasa brand products about five years ago, including a Kasasa Cash account that currently earns 2.02% APY on qualifying balances up to $25k. A more detailed description of HCCU’s Kasasa Cash account can be found in a 2017 blog post (complete with updates).

HCCU is currently offering a promotional 12-month Share Certificate ($1 min/$1k max deposit) that will earn 10% (yes, ten percent) if a new Kasasa Cash account is opened and maintained for the term of the Share Certificate. If $1k is deposited into the Share Certificate and a $25k qualifying balance is maintained in the Kasasa Cash account for all 12 months, the combined earnings rate is approximately 2.33% APY.

Complete details can be found on the promotion landing page


Headquartered in Sacramento, Heritage Community Credit Union’s field of membership (FOM) has expanded since my last blog post to include all California residents who have a valid Social Security number.

Easy Membership Requirement – California residents who are members of, or who join the Financial Fitness Association ($8 fee for a one-year membership) qualify for HCCU membership. As stated on the HCCU How to Join page,

To become a member of the Financial Fitness Association, you can select it during the online application process.

Residency – Individuals who live, work, worship, or attend school in the California counties of El Dorado, Placer, Sacramento, San Joaquin, or Yolo are eligible to join.

Joining HCCU and/or opening a 12-month Share Certificate Special can be done online or at any of four Northern California branches located in Fair Oaks, Folsom, Gold River, and Sacramento.

In addition to the $25 minimum deposit in a Basic Savings account, there is a “one-time, non-refundable $1.00 membership fee which will be collected from your opening deposit” upon joining HCCU.

HCCU is also a member of the CO-OP ATM Network, providing members with access to more than 30,000 surcharge-free ATMs across the country.

Credit Union Overview

Heritage Community Credit Union has an overall health rating of "A" at DepositAccounts.com, with a Texas Ratio of 4.07% (excellent) based on December 31, 2021 data. In the past year, HCCU has increased its total deposits by $13.78 million, an excellent annual growth rate of 6.57%. Please refer to our financial overview of Heritage Community Credit Union (NCUA Charter # 68395) for more details.

In 1953, seven civilian employees at Mather Air Force Base (Mather AFB) saw a need for better financial services on the base and started the Mather Federal Credit Union. Eventually, the Credit Union would serve both military and civilian personnel. Mather AFB was slated for closure in 1993, but the Credit Union “vowed they would remain open, regardless of the final disposition of the base.” In an effort to keep its doors open, the Credit Union began to add local employer groups to the FOM and completed several mergers to strengthen the membership.

These efforts and our ability to withstand the effects of the closure of Mather Air
Force Base, earned Mather Federal the distinction of "Federal Credit Union of the
Year," as named by the National Association of Federal Credit Unions (NAFCU).

The Heritage Community Credit Union rebrand occurred in 1999, following the conversion to a state community charter. HCCU currently has nearly 11,900 members and assets in excess of $249 million, but with a new statewide FOM, HCCU is positioned for exponential growth.

How the 12-Month Share 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, no banks or credit unions have higher rates than currently offered on the Heritage Community Credit Union 12-month Share Certificate Special. The following table compares the 12-month Share 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 4/29/2022.

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

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

  |     |   Comment #1
you can only open the account with 2 choice, transfer from other bank is limited to $5000.So, you can open the 1 year CD with only $5000. You can later move the $ into the account after it's open and set up ACH transfers, etc, but by then I am not sure if the promo is still available
  |     |   Comment #2
BTW, I noticed that you can only open 1 CD per house hold. My edit for original post didn't show up so I am putting it in reply. If you want more than $5K in the CD, you should open the membership saving account, not the CD, wait for new account to be set up, then set up ACH link from your external bank to new saving account, after the link is up, you can move the amount you want into the saving account. Again, I am not sure if the promo is still there by then. For me, it's not worth the effort and risk.
Heritage Community CU (CA) Adds Kasasa Cash
Deal Summary: Kasasa Cash, 2.25% 2.02% APY up to $25k.

Availability: UPDATE 4/29/2022 – Easy membership requirement in California. Residents of Placer and Sacramento Counties, California.

Heritage Community Credit Union (HCCU) has added a new Kasasa Cash account that earns 2.25% 2.02% APY on qualifying balances up to $25k. Qualifying balances of $25k+ earn 0.01% APY, with non-qualifying balances earning 0.01% APY.

Monthly Kasasa Cash Qualifying Requirements

  • Have at least 12 debit card purchases.
  • Sign into ehccu-online, Mobile ebanking, or text banking at least once.
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Heritage Community Credit Union (CA) Has 15-Month CD Special
Availability: Residents of Placer and Sacramento Counties, California.

Heritage Community Credit Union (HCCU) has opened a new branch in Gold River and is offering a 15-month Certificate Special (5.00% APY) to mark the occasion. While the 5% APY is certainly eye-catching, there is a $5k maximum balance cap, which diminishes the allure of the APY. The Certificate Special can be opened with a minimum deposit of $500.

The 15-month Certificate Special is only available to new members who join HCCU at the Gold River branch. It also...

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7.00% 7-Month CD at a California CU ($7K Max)
Heritage Community Credit Union is offering a CD special called the Magnificent Seven Certificate. It's a 7% APY 7-month CD with a minimum and maximum deposit of $7K. Money must be new to the credit union. The certificate special expires 7/27/06.

One thing nice about this CD special is that it doesn't require you to open a checking account which seems common for very-high yield CD specials. The 7% APY is about 1.4% higher than World Savings current 5.61% 7-month CD. So the extra 1.4% for 7-months on $7K will earn...

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