Kansas City Credit Union (KCCU) is currently offering 3.00% APY on its 60-month CD. The minimum opening deposit is $500, with no stated balance cap.
While banks may be quick to respond to rate environment changes, many credit unions seem to take a more measured approach, almost seeming to lag in their response time. This lag-time can provide a window of opportunity, allowing you to lock into a very competitive CD rate before the credit union eventually lowers its rates.
According to CSR, the Early Withdrawal Penalty is 12 months of interest, but only early closures are permitted – no partial withdrawals.
Headquartered in Kansas City, Missouri, the aptly-named Kansas City Credit Union’s field of membership (FOM) is primarily residency-based, with individuals who live, work, or worship in the Missouri counties of Clay or Jackson, eligible to join.
Employees of the Kansas City (MO) government, Truman Medical Centers, KCATA The Metro, AB May, and Prier Products also qualify for membership.
Family members of active KCCU members “in good standing” are welcome to apply.
Joining KCCU and/or opening a CD can be done at any of three full-service Missouri branches located in Gladstone and Kansas City (2).
It takes a $25 “ownership share” to open and you begin to earn dividends (interest) on balances over $100.
KCCU members have access to more than 30,000 surcharge-free ATMs through participation in the CO-OP ATM networks.
Credit Union Overview
Kansas City Credit Union has an overall health grade of "B+" at DepositAccounts.com, with a Texas Ratio of 2.21% (excellent) based on September 30, 2019 data. In the past year, KCCU has increased its total non-brokered deposits by $1.56 million, an excellent annual growth rate of 5.34%. Please refer to our financial overview of Kansas City Credit Union (NCUA Charter # 63388) for more details.
Established in 1940, Kansas City Credit Union will be celebrating its 80th anniversary in October. Originally serving only the employees of Kansas City, Missouri, the FOM has expanded and now includes the nearly 900,000 residents of Jackson and Clay Counties, the second and sixth largest Missouri counties, respectively.
How the CD Compares
When compared to 184 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Kansas City Credit Union’s 60-month CD APY currently ranks first.
These rates are accurate as of 3/9/2020.
To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.