LA Financial Credit Union Has Top Rates On 60-Month CD


Deal Summary: 60-month Term Share Certificate, 1.71% APY ($200k), 1.56% APY ($100k), 1.41% APY ($50k), 1.21% APY ($10k), and 1.06% APY ($1k).

Availability: Residents of Los Angeles County, California.

All of LA Financial Credit Union (LA Financial) Term Share Certificates (TSC) offer tiered APYs based on five deposit levels – $200k, $100k, $50k, $10k, and $1k. The 60-month TSC currently offers competitive rates on the two highest deposit levels: 1.71% APY ($200k) and 1.56% APY ($100k).

The 60-month TSC is also offered as an IRA TSC (Traditional, Roth, CESA), earning the same APYs based on the same five deposit levels.

As stated on the Term Share Certificate page, the Early Withdrawal Penalty reads as follows:

180 days dividend penalty for terms over 12 months.

According to the Truth-in-Savings disclosure,

If any withdrawal or early withdrawal penalty reduces the Term Share Certificate Account balance below the minimum balance requirement, the account will be canceled and closed.

CSR stated that the above restriction applies to the individual rate tiers of the 60-month TSC. In other words, if funds withdrawn from a 60-month TSC reduce the balance to below the original opening deposit tier, the TSC will be closed.

If the Term Share Certificate Account is closed prior to maturity, any accrued dividends will be paid from the date of the end of the last dividend period to the date of account closure (not including date of closure) prior to the assessment of any early withdrawal penalty. The withdrawal penalty will be applied to the entire principal amount before the remainder of the funds is disbursed to you.

Monthly dividends can be paid out by check to the address on file, paid into another LA Financial account, or remain in the Term Share Certificate.

There is a seven calendar day grace period before an LA Financial TSC automatically renews.


Headquartered in Pasadena, California, LA Financial Credit Union’s field of membership (FOM) is primarily residency based, with individuals who live, work, worship, attend school, or volunteer in Los Angeles County eligible to join.

Employees of the City of Los Angeles also qualify for membership, regardless of where they live.

Immediate family members of a current LA Financial member or LA Financial employee are also welcome to apply. “Immediate family” is defined as spouse, child, parent, sibling, grandparent, or grandchild.

Joining LA Financial can be done online or at any of the three California branches located in Los Angeles, Norwalk, and Pasadena.

Members are still required to wear a non-medical cloth face covering in order to visit a branch.

We are still practicing social distancing and can only allow a maximum of 10 people inside the branch at a time, including staff, so you may still be asked to wait outside the branch.

Current LA Financial members can open a Term Share Certificate in-branch or by calling Member Services (800.894.1200). If you are currently not a member, you have two options:

1. Apply for a Primary Savings account and open your membership online here, then call or visit a branch to open your Term Share (Certificate) account, or

2. Or visit a branch near you to open all of your new accounts at the same time.

Establishing an LA Financial membership requires opening a Primary Savings Account with a $5 minimum deposit.

LA Financial participates in both the CO-OP Shared Branching and ATM networks and provides an ATM and Shared Branch locator.

NOTE: As a division of LA Financial, Havasu Community Credit Union (Havasu CCU) offers membership to those who live, work, worship, attend school, or volunteer in Lake Havasu City, Arizona. Havasu CCU offers the same products and services as LA Financial and operates under the same NCUA Charter.

Credit Union Overview

LA Financial Credit Union has an overall health grade of "A" at, with a Texas Ratio of 1.44% (excellent) based on June 30, 2020 data. In the past year, LAFCU has increased its total non-brokered deposits by $29.21 million, an excellent annual growth rate of 7.99%. Please refer to our financial overview of LA Financial Federal Credit Union (NCUA Charter #2024 ) for more details.

Established in February 1937 as the Los Angeles County Court Employees Federal Credit Union (LACCEFCU), the founding members were six men and one woman who wanted to “protect the paychecks of many LA County employees from the unscrupulous lenders who inhabited the streets around the Civic Center.” The first financial statement issued in March 1937 listed assets of $1,003, ten loans totaling $585, and 20 members, with operations handled from the bottom desk drawer of Manager/Treasurer Floyd Fisher.

At first, no one had much money to save, so only personal loans were made to the most needy. But the concept worked and caught on quickly. After two years, member savings were $19,705; 196 loans totaled $19,705; and assets reached $22,060.

LACCEFCU merged with the Los Angeles County Hall of Records Federal Credit Union in 1994 and created the Courts and Records Federal Credit Union. In 2003, the LA Financial Credit Union re-brand occurred, with the new name chosen to reflect a diverse and growing membership, and an expansion in services. LA Financial is currently the 91st largest credit union headquartered in California, with more than 28,200 members and assets in excess of $454 million.

How the Term Share Certificate Compares

When compared to 266 similar length-of-term CDs tracked by that are available within the FOM, LA Financial Credit Union's 60-Month Term Share Certificate APY currently ranks first, regardless of minimum deposit requirements.

The above rates are accurate as of 9/23/2020.

To look for the best CD rates, either nationwide or state specific, please refer to our CD Rates Table page.

Related Pages: Phoenix CD rates, Los Angeles CD rates, 5-year CD rates

  |     |   Comment #1
Ken thanks for this post. Unusual to see a a high rate in Los Angeles County and with only a 6 month EWP on terms over 6 months. The 1.71%APY is for deposits 200k plus on the 60 month term.
  |     |   Comment #2
Good offer. I note, Barksdale CU offers the same rate for 5 years, but with the possibility of .20% more by opening their Plus Point Certificate(s), a little extra paperwork. But you need a military connection to join Barksdale, although that can be a relative. It easier to join LA Financial.
LA Financial Credit Union Launches Kasasa Checking Accounts

LA Financial Credit Union has just started to offer three types of Kasasa Checking accounts. The first is a high-yield reward checking account called Kasasa Cash. The second is Kasasa Cash Back which offers cash back on debit card purchases, and the third is Kasasa Tunes which offers refunds on iTunes and purchases.

Residents of the Los Angeles area finally have access to a local reward checking account. There were a few early reward checking accounts in the LA area several years ago. One was from Southland Credit Union which...

Continue Reading
Competitive 3-Year CD Rates at LA Financial Credit Union in CA & AZ - Local Only

LA Financial Credit Union is offering some competitive long-term CD and IRA CD rates. The most competitive is the 3-year CD which has a top rate of 2.15% APY for a $200K minimum deposit. Lower rates are available for smaller deposits including a 2.05% APY for a $100K deposit and 1.85% APY for a $10K deposit. The 5-year CD is not quite as competitive. Its top rate is 2.40% APY for a $200K deposit. According to the credit union's Term Share page, these CDs have an early withdrawal penalty of...

Continue Reading
2.00% 15-Month CD at LA Financial Credit Union in CA & AZ - Local Only
La Financial Credit Union is offering a special 15-month certificate with a 2.00% APY. Minimum deposit is $1,000. It's also available as an IRA certificate. This promo is listed in the credit union's promotional page as of 1/07/2010.

Membership is open to those who live, work, worship, volunteer or attend school in Los Angeles County, California. Membership is also open to anyone who lives or works in Lake Havasu City, Arizona through Havasu Community Credit Union (a division of LA Financial CU). Please refer to LA Financial CU's membership page and...

Continue Reading
3.50% 11-Month CD at LA Financial Credit Union in California
La Financial Credit Union continues to offer a promotional 11-month certificate. The new rate is 3.50% APY which is down from last month when it was 4%, but it's still very competitive. Minimum deposit is $1,000. It's also available as an IRA certificate. This promo is listed in the credit union's rate table as of 1/27/09. The CD will automatically renew as a 12-month term. As is common with CDs, I would assume you can close the CD at the end of the 11-month term during the grace period.

Membership is...

Continue Reading
4.00% 11-Month CD at LA Financial Credit Union in California
Update 1/27/09: The rate of this special 11-month CD has fallen to 3.50% APY.

La Financial Credit Union is offering a promotional 11-month certificate with an APY of 4.00%. Minimum deposit is $1,000. It's also available as an IRA certificate. This promo is listed in the credit union's rate table as of 12/10/08. The CD will automatically renew as a 12-month term. As is common with CDs, I would assume you can close the CD at the end of the 11-month term during the grace period.

Membership is open to those who...

Continue Reading

More Past Offers

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.