Horizon Credit Union (Horizon CU) has once again added a new, competitive Certificate Special. The latest addition to the product line is a 34-month Special Certificate that earns 3.25% APY when coupled with a direct deposit to a Horizon CU checking account; without the checking relationship, the APY is 2.99%. This limited-time offer does not require new money to earn the stated APY.
As stated in the Truth In Savings disclosure, the Early Withdrawal Penalty for Horizon CU’s Special Certificates reads as follows:
The penalty is forfeiture of all dividends earned
and paid to the account at time of early withdrawal.
26-month New Deposit Special Certificate
Just two weeks ago, I wrote about Horizon CU’s 26-month New Deposit Special Certificate (3.04% APY), which requires new money and a direct deposit to a Horizon CU checking account. Without the checking relationship, the 26-month Certificate earns 2.78% APY. The minimum deposit is $1k, with no stated balance cap. This limited-time offer is still available.
Excess Share Insurance
Horizon CU offers Excess Share Insurance, which provides an additional $250k of coverage beyond the NCUA’s standard $250k coverage.
With ESI Excess Share Insurance in place, a member may have as much as an additional $250,000 of coverage, raising their total deposit insurance protection on their individual share accounts to as much as $500,000.
Headquartered in Spokane Valley, Washington, Horizon Credit Union’s field of membership (FOM) is primarily residency based, with individuals who live, work, or worship in any of the following locales eligible to join:
Washington State – all school districts.
Idaho Counties – Benewah, Bonner, Boundary, Kootenai, Latah, Lewis, Nez Perce, and Shoshone.
Montana Counties – Beaverhead, Broadwater, Deer Lodge, Gallatin, Granite, Jefferson, Lake, Lewis and Clark, Mineral, Missoula, Powell, Ravalli, Sanders, and Silver Bow.
In addition, federal employees living or working in Region One of the United States Forest Service are also eligible for membership.
Joining Horizon Credit Union and/or opening a Special Certificate can be done at any of the 22 full-service branches located in Washington (Colville, Davenport, Deer Park, Ephrata, Liberty Lake, Moses Lake , Spokane  and Spokane Valley ); Idaho (Coeur de Alene, Ponderay, Post Falls, and Sandpoint); and Montana (Butte, Missoula , and Warm Springs).
Credit Union Overview
Horizon Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 1.53% (excellent) based on March 31, 2018 data. In the past year, Horizon CU has increased its total non-brokered deposits by $47.74 million, an excellent annual growth rate of 5.95%. Please refer to our financial overview of Horizon Credit Union (NCUA Charter # 67264) for more details.
Horizon Credit Union was originally founded in 1947 as the Kaiser Employees Federal Credit, for the financial benefit of Kaiser Aluminum employees. By 1966, the Credit Union’s assets had reached $2 million, and soon thereafter, a series of charter expansions began. The Horizon Credit Union re-brand occurred in 1991, following the change from a federal to a state charter. Mergers with eight other credit unions (located in Washington, Idaho, and Montana), further expanded the FOM. Currently the 16th largest credit union in Washington, Horizon Credit Union currently has more than 71,500 members and assets in excess of $987 million.
How the Special Certificates Compare
When compared to the 233 similar length-of-term CDs tracked by DepositAccounts.com, which require a similar minimum deposit and are available with the FOM, Horizon Credit Union's 34-month Special Certificate APYs currently rank first and third.
When compared to the 233 similar length-of-term CDs tracked by DepositAccounts.com, which require a similar minimum deposit and are available with the FOM, Horizon Credit Union's 26-month New Deposit Special Certificate APYs currently rank first and third.
The above rates are accurate as of 6/13/2018.
Looking for the best CD rates, either nationwide and in your state? Please refer to our CD Rates Table page.