In early July, Kemba Credit Union (Kemba CU) introduced a 7-month Special Certificate (2.50% APY), which was available for less than a month. Kemba CU is now offering a 10-month Special Certificate that earns 2.65% APY. The minimum opening deposit is $500, with no stated maximum balance cap.
The Certificate Special is available as an IRA (Traditional, Roth, CESA), earning the same APY with the same funding requirements.
According to CSR, the Early Withdrawal Penalty (EWP) for Certificates with terms of 12 months or less is three months interest.
Headquartered in West Chester, Ohio, Kemba Credit Union’s field of membership (FOM) is wide and varied, with a way to join for almost anyone in Southwestern Ohio and the surrounding Tri-State area.
Residency – Individuals who live, work, worship, or attend school in the Ohio counties of Adams, Brown, Butler, Clark, Clermont, Clinton, Darke, Greene, Hamilton, Highland, Miami, Montgomery, Preble or Warren; or the Kentucky counties of Boone, Campbell, Carroll, Gallatin, Grant, Kenton, Owen, or Pendleton are eligible to join. Individuals who live or work in Dearborn or Franklin Counties, Indiana are also eligible for membership.
Kroger Plus Card Holders – Anyone with a Kroger Plus Card who lives in the Greater Cincinnati area, northern Kentucky, or southeast Indiana qualifies for membership. (Kroger is a grocery store chain with nearly 2,800 stores in 34 states and the District of Columbia.)
Company Partners – Employees of the 600+ Company Partners are eligible.
Relationship – Immediate family members of current Kemba CU members are welcome to apply.
Complete details are available on Kemba CU’s Membership Eligibility page.
Joining Kemba CU and/or opening a Special CD can be done at any of ten Ohio branches located in Amelia, Blue Ash, Cincinnati (5), Harrison, Mason, and West Chester, or at the Bluffton, Indiana or Florence, Kentucky branches.
The application process can also be started by filling out an online “Contact Me” form.
Please fill out the fields in the form below. One of our representatives
will contact you within one business day to complete the process.
Credit Union Overview
Kemba Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 1.81% (excellent), based on March 31, 2018 data. In the past year, Kemba CU has increased its total non-brokered deposits by $59.27 million, an excellent annual growth rate of 8.57%. Please refer to our financial overview of Kemba Credit Union (NCUA Charter 61810) for more details.
Kemba (K roger E mployees M utual B enefit A ssociation) Cincinnati Credit Union was founded in 1934 to serve the employees of the Kroger factory and packinghouse. By the end of 1939, the assets of the Credit Union had grown to $110k. With more than 95,000 members and assets in excess of $871 million, Kemba CU is currently Ohio’s fifth largest credit union.
How the Special Certificate Compares
When compared to 274 similar length-of-term CDs tracked by DepositAccounts.com, requiring a similar minimum deposit and available within the FOM, Kemba Credit Union’s 10-month CD Special APY currently ranks second.
The above rates are accurate as of 8/8/2018.
To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.