Houston Federal Credit Union Adds 30-Month CD, Up To 3.12% APY


Deal Summary: 30-month "For The Cure" CD, 3.12% APY ($100k), 3.00% APY ($5k), new money.

Availability: Residents of Houston, Texas and nearby communities; employees of 350+ Business Partner companies.

Now through October 31, 2019, Houston Federal Credit Union (HFCU) is offering a 30-month "For The Cure" CD with tiered APYs – 3.12% APY ($100k) and 3.00% APY ($5k). New money is required and is defined as “funds from another institution.”

For a limited time, for each dollar invested in a “For The Cure!” Certificate Account between October 1 and October 31, 2019 HFCU will donate 1% up to a maximum of $3,000.00 on the aggregate balance of the “For The Cure!” Certificate Accounts.

My original intent in writing this blog post was to discuss HFCU’s >60-month CD, which earns 3.12% APY ($100k) and 3.05% APY ($500). The >60-month CD is also available as an IRA (Traditional, Roth, CESA), earning the higher 3.12% APY, but with the lower $500 minimum deposit.

4.17%$500-Houston Federal Credit Union60 Month IRA (Traditional, Roth, CESA)
4.17%$100k-Houston Federal Credit Union60 Month Jumbo CD
4.05%$500-Houston Federal Credit Union60 Month CD
Rates as of July 16, 2024.

The “greater than” symbol in the CD’s name is a bit deceiving: you can open it as a 60-month CD. HFCU CDs have staggered, flexible terms, e.g., a 48- <60-months CD can have a term-length of anywhere between 48 months and a day short of 60 months.

According to CSR, the Early Withdrawal Penalty (EWP) for any HFCU CD is 90 days of interest. Unfortunately, partial withdrawals are not permitted, only early closures.


Headquartered in Sugar Land, Texas, Houston Federal Credit Union’s field of membership (FOM) includes those who live, work, worship, or attend school in the City of Houston, portions of Sugar Land (Belknap, Brookside, and Highlands communities), and the Rosenberg-Richmond-Thompsons-Arcola and 249 communities. HFCU provides an FOM map showing which communities are included.

Employees of more than 350 Business Partners are also eligible to join.

Immediate family members or household members of current HFCU members are also welcome to apply.

Joining HFCU can be done online, or at any of ten Texas branches located in Houston (6), Rosenberg, and Sugar Land (3). HFCU also has two branch locations in Greenville, South Carolina. (One of HFCU’s largest Business Partners is Fluor Corporation, which has two divisions in Greenville.)

Opening a "For The Cure" CD must be done in any of the above mentioned branch locations.

Opening a share savings account with a $5 minimum deposit is
required to become a member and obtain any product or service.

HFCU participates in the CO-OP Shared Branch and ATM networks,

The CO-OP network offers 3,500 credit unions with more than 5,000 branches,
nearly 30,000 surcharge-free ATMs nationwide, online banking tools and more.

Credit Union Overview

Houston Federal Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 1.53% (excellent) based on June 30, 2019 data. In the past year, HFCU has increased its total non-brokered deposits by $7.13 million, an above average annual growth rate of 1.22%. Please refer to our financial overview of Houston Federal Credit Union (NCUA Charter #14091) for more details.

Chartered in 1960, Houston Federal Credit Union was originally known as Fluor Mid-Continent Employees Federal Credit Union. (Fluor is one of the world's largest publicly-traded engineering, procurement, construction (EPC) and maintenance companies.) HFCU is currently the 38th largest credit union in Texas, with nearly 59,000 members and assets in excess of $659 million.

In recognition of Breast Cancer Awareness month and in celebration of the Grand Opening of our new Southeast branch, Houston Federal Credit Union has partnered with Susan G. Komen® Houston to support and give back to our community with our exclusive “For The Cure!” Certificate Account Special.

How the "For The Cure" CD Compares

When compared to the similar length-of-term CDs tracked by DepositAccounts.com that are available within the FOM, Houston Federal Credit Union's 30-month "For The Cure" CD APY currently ranks first, regardless of minimum deposit requirements.

How the Jumbo CD Compares

When compared to the similar length-of-term CDs tracked by DepositAccounts.com that are available within the FOM, Houston Federal Credit Union's >60-month Jumbo CD APY currently ranks first, regardless of minimum deposit requirements.

The above rates are accurate as of 10/12/2019.

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

Related Pages: Greenville CD rates, Houston CD rates, 5-year CD rates

  |     |   Comment #1
On their 5-year CDs, a premium of only 12 basis points on a jumbo ($100K) versus a minimum $500 CD seems low. On the other hand an EWP of only 90 days on a 5-year seems very low, but in a good way. Anyone buying this CD should double-confirm that EWP.

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