Horizons North Credit Union (HNCU) unveiled a 6-month Share Certificate Special this week. Like all of HNCU’s Share Certificates, the 6-month Special has four tiered APYs (in increments of 5 bps), based on deposit levels of $500, $10k, $25k, and $50k.
The 6-month Share Certificate Special offers the second highest CD APYs in NHCU’s product line, with the 60-month Share Certificate having APYs only three bps higher.
As stated in the Truth-in-Savings disclosure, the Early Withdrawal Penalty reads as follows:
On certificates with terms of six months or less there is a loss of 90 days dividends.
The TIS also states,
If you withdraw any of the principal amount before the maturity date of your account, we may impose a penalty, and your account must be closed.
Upon your request, a new account will be opened with the remaining principal amount, otherwise, the entire amount will be paid to you.
The new account will earn the Dividend Rate and APY stated for the date on which the new Share Certificate is opened.
Dividends are credited monthly and can either be rolled back into the Share Certificate Special or withdrawn without penalty.
Funding can be done through ACH, wire transfer, or by check. Maturing funds can be distributed through a cashier’s check or transferred into an HNCU savings account. There is a 10-day grace period before a Share Certificate Special automatically renews as a 6-month Share Certificate.
Headquartered in Northglenn, Colorado, Horizons North Credit Union offers membership to any Colorado resident through membership in Consumers United Association (CUA). A one-time CUA $5 membership fee will be charged when joining HNCU.
Also qualifying for HNCU membership are individuals who live or work in the Colorado counties of Adams, Broomfield, or Denver.
Employees of more than 40 SEGs (complete list provided on the online application) are also eligible to join, as are individuals who are related to anyone who works for one of the SEGs.
Relatives of current HNCU members are also welcome to apply.
A minimum deposit of $5 into your savings account is required to open your account.
There’s also a $25 Early Closure Fee if an account is closed within 90 days of opening.
Opening a Share Certificate Special can be done at the Northglenn branch or over the phone (303.451.1146 or 1.877.451.HNCU) once an HNCU membership is established.
HNCU participates in the CO-OP Share Branching and ATM networks, giving members,
Access to over 5,000 credit union branches nationwide with over 100 in the Denver
area, and access to over 30,000 no-fee ATMs including ATMs in 7-Eleven stores!
Credit Union Overview
Horizons North Credit Union has an overall health grade of "B+" at DepositAccounts.com, with a Texas Ratio of 1.91% (excellent) based on June 30, 2019 data. HNCU has an average capitalization level (9.26%), the result of holding $89.9 million in assets with $8.33 million in equity. Please refer to our financial overview of Horizons North Credit Union (NCUA Charter # 68274) for more details.
Founded in 1960, Horizons North Credit Union was originally known as the School District 12 Credit Union, with a field of membership (FOM) exclusive to Adams County School District employees. The Credit Union re-branded in 2000 to better reflect the FOM’s expansion.
According to HNCU’s Facebook page,
Horizons North Credit Union has been awarded the title of Best Bank/Credit Union from Colorado Community Media readers. This is the ninth year in a row we have won the award for Northglenn/Thornton and sixth year in a row for Westminster!
How the Share Certificate Special Compares
When compared to the similar length-of-term CDs tracked by DepositAccounts.com that are available to Colorado residents, Horizons North Credit Union's 6-Month Share Certificate Special APYs currently top the list, regardless of minimum deposit requirements.
The above rates are accurate as of 10/24/2019.
To search for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.