HRCU (formerly known as Holy Rosary Credit Union) has raised the rate on its 30-month CD Special to 3.51% APY. The minimum deposit is $500, with no stated balance cap.
The CD Special is available as an IRA (Traditional, Roth, CESA, and SEP), earning the same APY with the same funding requirements.
The 30-month CD Special was added to the product line in March 2017, with an initial 1.65% APY. In the beginning of 2018, the rate dropped to 1.00% APY, where it remained until 200 bps were added in September. Last week’s 51 bps increase has given the 30-month CD Special its highest rate ever.
As stated in the Truth-in-Savings document (part of the online application), the Early Withdrawal Penalty reads as follows:
If your account has an original maturity of more than one year, the penalty we will impose is the lesser of 180 days dividends earned from the date of deposit on the amount withdrawn or all dividends earned from the date of deposit on the amount withdrawn.
Excess Share Insurance
Deposits at HRCU are fully insured up to $500,000: at least $250,000 by the NCUA and $250,000 by Excess Share Insurance, the nation’s largest provider of excess share insurance since 1993.
Members of credit unions using ESI’s excess share insurance can take great comfort in knowing that their savings are safe, and that a portion of their deposits are protected by a well-capitalized credit union-only private insurer.
Headquartered in Rochester, New Hampshire, HRCU's field of membership (FOM) is residency based, with individuals who live, work, worship, or attend school anywhere in New Hampshire eligible to join.
Immediate family members of current HRCU members also qualify for membership.
Current HRCU members can open a CD through their individual online banking account or at any of the four branch locations listed above. CSR suggested that individuals who are joining HRCU to specifically open a CD should join using the online application, then call HRCU (877.895.6840) to get assistance in opening the CD.
HRCU participates in the Co-Op Shared Branching program, which makes funding a CD easier if you don’t live near a branch.
Take advantage of free nationwide access to over 5,000 credit
union branches and 30,000 ATMs with the Co-Op Network.
Credit Union Overview
HRCU has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 2.32% (excellent) based on September 30, 2018 data. In the past year, HRCU has increased its total non-brokered deposits by $15.25 million, an excellent annual growth rate of 6.4%. Please refer to our financial overview of HRCU (NCUA Charter #65088) for more details.
HRCU was founded in 1962 as the Holy Rosary Credit Union by a small group of parishioners from Holy Rosary Church in Rochester, New Hampshire. This group was formed to provide support and advice to people who otherwise would not have easy access to financial assistance through traditional means. HRCU has grown to become New Hampshire’s seventh largest credit union with more than 21,400 members and assets in excess of $281 million.
How the CD Special Compares
When compared to 255 similar length-of-term CDs tracked by DepositAccounts.com, which require a similar minimum deposit and are available within the FOM, HRCU’s 30-month CD Special APY currently ranks first.
The above rates are accurate as of 1/16/2019.
To search for the best CD rates, either nationwide or state specific, please refer to DA’s CD Rates Table page.