InvesTex Credit Union (InvesTex) is currently offering promotional rates on its 3-, 4-, and 5-year CDs ($1k minimum) and Jumbo CDs ($50k minimum). I should have said “the same promotional rates,” as all three CDs earn 3.03% APY, with all the three Jumbo CDs earning 3.13% APY. Obviously, the shorter the term, the more competitive the APY.
The same promotional rates are offered on the IRA CDs and Jumbo CD (Traditional, Roth, CESA) with the same minimum deposit requirements.
As stated in the Truth-In-Savings Disclosure document, the Early Withdrawal Penalty reads as follow:
Terms of longer than 12 Months - 180 days' dividends
Headquartered in Humble, Texas, InvesTex Credit Union’s field of membership (FOM) includes much of the north Houston area, with individuals who live or work within a 10-mile radius of InvesTex’s six branch locations eligible to join.
Those who live or work in the geographic region of the Lone Star College System, as well as the school districts in that region, qualify for membership. Those school districts include Aldine, Conroe, Cypress-Fairbanks, Humble, Klein, Magnolia, New Caney, Splendora, Spring, Tomball, and Willis.
Employees of retail merchants belonging to the Retail Merchants Association of Houston are also eligible for membership.
Joining InvesTex Credit Union can be done online or in person at any of six Texas branches located in Houston (2), Humble (2), Spring, and Tomball. The Membership Application is also available as a download, and can be returned by mail or in person at any branch location.
Start enjoying all the InvesTex Credit Union advantages today by
opening a Membership Savings account with a minimum deposit of $5.00.
Opening a CD requires a visit to any of the above-mentioned branch locations, as InvesTex’s online banking platform is currently devoted to account management and bill payment services.
InvesTex participates in the CO-OP Shared Branching network, giving its member access to more then 3,000 shared branches nationwide.
In addition to InvesTex-owned ATMs, you have access to 30,000 surcharge-FREE ATMs nationwide offered by the CO-OP Network, the largest credit union-only ATM network in the country.
Credit Union Overview
InvesTex Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 2.39% (excellent) based on March 31, 2019 data. In the past year, InvesTex has increased its total non-brokered deposits by $1.84 million, an above average annual growth rate of 0.99%. Please refer to our financial overview of InvesTex Credit Union (NCUA Charter # 67637) for more details.
InvesTex Credit Union was founded in 1952 as the Adeline Teachers Credit Union and by the end of the first year, had over $5k in assets, 89 members, and had made 73 loans. The first expansion of the FOM occurred in 1973, and the Credit Union was re-branded as InvesTex in 2004, following a second FOM expansion. Mergers in 2007 and 2013 with Associates Mutual Credit Union and StarTrust Federal Credit, respectively, not only added members, but further expanded the FOM. Currently, InvesTex Credit Union is the 87th largest credit union in Texas, with more than 22,400 members and assets in excess of $209 million.
How the Promo Rate CDs Compare
When compared to 279 similar length of term CDs tracked by DepositAccounts.com that are available within the FOM, InvesTex Credit Union's 3-year Jumbo CD APY currently ranks second, regardless of minimum deposit requirement.
When compared 226 similar length of term CDs tracked by DepositAccounts.com that are available within the FOM, InvesTex Credit Union's 4-year Jumbo CD APY currently ranks third, regardless of minimum deposit requirement.
The above rates are accurate as of 6/11/2019.
To look for the best CD rates, both nationwide and in your state, please refer to our CD Rates Table page.