Lewis Clark Credit Union Scores With 7.23% APY 11-Month CD Special

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Deal Summary: Certificate Specials – 11-month (7.23% APY) and 19-month (6.43% APY), no stated balance cap, new money.

Availability: Five Idaho Panhandle counties and all State of Washington counties.

For a limited time, Idaho-based Lewis Clark Credit Union (LCCU) is offering two exceptionally competitive Certificate Specials: 11-month (7.23% APY) and 19-month (6.43% APY). There is no set minimum opening deposit, but all funds must be new money, defined as “funds that were not at LCCU, in any type of account as of July 25, 2023.” There is no stated balance cap.

Let me state the obvious: these Certificate Specials will not be available long. The sooner you open one, the better.

Both Certificate Specials are also available as IRA Certificate Specials (Traditional), earning the same APYs with the same deposit requirements.

According to CSR, partial withdrawals are allowed, with an Early Withdrawal Penalty of 3 months for the 11-month Certificate Special and 6 months for the 19-month Certificate Special.

Many thanks to DA reader, mortimer, for the Forum post about these “wow-worthy” Certificate Specials.

Availability and Account Opening

Headquartered in Lewiston, Idaho, Lewis Clark Credit Union’s field of membership (FOM) is community-based, with individuals who live, work, worship, attend school, or volunteer in five Idaho counties (Clearwater, Idaho, Latah, Lewis, or Nez Perce) or any county in the State of Washington eligible to join. In the past few years, LCCU FOM has expanded significantly, with Washington membership eligibility increasing from three southeast counties to statewide inclusion.

Since my last blog post, LCCU has upgraded its online membership application, eliminating the need for documents to be sent/returned by mail and signatures done via Docusign.

Joining LCCU can also be done at any of three full-service Idaho branches located in Lewiston (2) and Orofino, or the sole Washington branch located in Clarkston.

As a condition of membership, you must purchase and maintain the minimum required share(s) as set forth below.

    Par Value of One Share $5.00, Number of Shares Required 1.

Opening a Certificate Special can be done at any of the above-mentioned branches or over the phone. The funds to be used to open a Certificate Special must on deposit at LCCU prior to opening. According to CSR, once an account is opened and the funds for the Certificate Special are in your Regular Shares account, you can call LCCU (208.746.7233) and “request that a manager open your Certificate.”

LCCU participates in both the CO-OP Shared Branch network and the ATM network.

Funding and Other Details

The following information is from a conversation with CSR.

  • Funding – ACH, wire, check, or CO-OP shared branch transaction.
  • CO-OP Shared Branch Participate – Yes.
  • Ownership – Individual, joint, or trust.
  • Dividends – Compounded daily/credited monthly and can compound in the Share Certificate or be deposited into an LCCU checking/savings account.
  • Maturing Funds – Transferred to an LCCU checking/savings account.
  • Beneficiaries – Unlimited with equal shares; Social Security numbers not required.
  • Grace Period – 10 calendar days before automatic renewal, with the 11-month renewing as a 12-month and the 19-month renewing as an 18-month.
  • Credit Check – Hard pull when joining LCCU.

Credit Union Overview

Lewis Clark Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 3.23% (excellent) based on March 31, 2023 data. In the past year, Lewis Clark CU has increased its total non-brokered deposits by $18.5 million, an excellent annual growth rate of 10.11%. Please refer to our financial overview of Lewis Clark Credit Union (NCUA Charter # 68386) for more details.

In 1939, teachers in the Lewiston School District formed the Lewis Clark Federal Credit Union, which “promoted thrift and offered a source of credit for loans for provident and productive purposes.” The “Federal” part of the name was dropped in 1998, when the Credit Union converted to a state charter. Lewis Clark Credit Union is currently the 14th largest credit union headquartered in Idaho, with more than 19,000 members and assets in excess of $226 million. FYI – since my 2018 blog post, LCCU’s membership increased about 50%, with assets more than doubling.

How the 11-Month Certificate Special Compares

When compared to similar length-of-term CDs tracked by DepositAccounts.com that are available within the FOM and have minimum deposit requirements of $10k or less, no bank or credit union has a higher rate than currently offered on the Lewis Clark Credit Union 11-month Certificate Special. The following table compares the 11-month Certificate Special to the two highest-rate CDs from other credit unions and the two highest-rate CDs from banks.

How the 19-Month Certificate Special Compares

When compared to similar length-of-term CDs tracked by DepositAccounts.com that are available within the FOM and have minimum deposit requirements of $10k or less, no bank or credit union has a higher rate than currently offered on the Lewis Clark Credit Union 19-month Certificate Special. The following table compares the 19-month Certificate Special to the two highest-rate CDs from other credit unions and the two highest-rate CDs from banks.

The above information and rates are accurate as of 7/31/2022.

To search for the best CD rates, both nationwide and state specific, please refer to our CD rates table page.

Related Pages: Springfield CD rates, Spokane CD rates, 1-year CD rates

Previous Comments
RichReg
  |     |   Comment #1
And just like THAT, Smitty ....
7.23% OR bust!
Robb
  |     |   Comment #7
Where is Smitty when you need him ;).

Probably looking for some type of workaround as I type.
LovinSomeCDs
  |     |   Comment #2
WHOAAAAA!!! Here it is! The day smitty has been waiting for!! The elusive, mysterious, circus quality, 8th wonder of the worldddddddd.....7......seven......Seven.....SEVEN.....7%!!!

Fine print:
measly 11 months, only for 2 states out of the entire united states, and at some place that will probably be next to crash and burn and be bought out by Chase. lol
RichReg
  |     |   Comment #3
Yeah, restrictions suck.
But we knew they'd be there just at the slight hint of 6% (let alone 7).
Confused1
  |     |   Comment #6
State or county specific is not unusual for many credit unions and the people that qualify for this deal certainly won't be complaining about it. I picked up a 15 month 6% deal at my local credit union about 4 or 5 months ago and I wasn't competing with the rest of the nation to get the deal.
SmittyInTheCity
  |     |   Comment #11
Yeah I wanted to jump on democracy now fcu for 6.25%, but I just never got me wife to drive over and open it.
LovinSomeCDs
  |     |   Comment #4
But this "7%" is no different than opening a checking and savings account at a bank where they reward you with $500 bucks, as long as you keep your 10 grand in there for 6 months. Deals like that usually calculate out to 7 or 8% too. This is barely better.

But none the less, a good sign!!
RZ
  |     |   Comment #12
No comparison especially when there is no ceiling and easy way to add beneficiaries. I’m all in today.
55Chevy
  |     |   Comment #5
I qualify but will pass.If the 19 month had a 3 month EWP and no hard pull possibly worth considering, but would still pass unless a 4/5 year duration.
LovinSomeCDs
  |     |   Comment #8
This seems like one last ditch effort from the board of directors before failing. If you take the bait on this one, I would keep it under 250k no matter the beneficiaries you have. :(
SmittyInTheCity
  |     |   Comment #9
I f***ing told you.
LovinSomeCDs
  |     |   Comment #14
Heyyyyyy, there you are Smitty! Man, what the heck, you sleeping in?? I 100% expected you to be the first commenter here.

Your unicorn has arrived!

Life is good! Making 7% on a CD, and then in 11 months, youll be able to roll it over to another great Seven, maybe Eigh...........oh wait, we will be in a recession by then so, probably a 2% CD.

womp womppppp :)
deplorable_1
  |     |   Comment #15
Hey don't you still have some 10 year CD's earning 2% Lovin' lol What was that? "ladder and it don't matter".......unless interest rates keep rising.....um then it matters. ; )
LovinSomeCDs
  |     |   Comment #16
Youre right, ladder and it dont matter. Rates rising....tanking....doesnt matter...ever. I ladder 5 year, and dont waste my time with these 9 month gimmicks. I did have all 1.75% CDs during the obama years...that was rough, but I wasnt even retired at that point so I didnt care much.

I will admit Deplor, I have done some 9 and 11 months stints though....with gold. But those are like 30% APY's. Heyyyyyy , pretty good eh?!
deplorable_1
  |     |   Comment #17
Yeah not bad. I don't get you would time buying gold and not time buying your CD's though. I don't own Gold personally I buy energy companies and REIT's for high dividend yield.
LovinSomeCDs
  |     |   Comment #22
Gold is a hobby, that also produces a return. When I was a kid, it was baseball cards, in my 20s it was sports cars, in my 30s it was watches. These are just things that are fun to collect, but you can also make a buck
Tran
  |     |   Comment #18
Smutty is hilarious taking a victory lap because a Short Term offer of 7% became available. Show me a 7 % long duration 5 year CD that is available nationwide to everyone! Until that happens Smitty, go crawl back under your rock and annoy yourself.
RichReg
  |     |   Comment #19
No, I believe the real reason that this deal would ‘cause hesitation is because of what apparently no one here has yet mentioned…

HARD PULL!! That’s it. Dealbreaker.
SmittyInTheCity
  |     |   Comment #20
Tran, why the hate? I can get pd or deplo or even LScD, but you? I don't even know you. And why do ppl hate on the chance to get some decent Cashback after years of saving. Like Im in the stock market but Id rather just chill with CDs. Look I'm a simple man. I don't need much. Don't want much. Dont wanna do much. I just want to take my savings and have it pay for my bills and hobbies.
deplorable_1
  |     |   Comment #21
I don't hate anybody I was posting that rates were headed up long ago and got alot of flack on here for telling people NOT to lock up long term CD's at 3,4.5%. I'm holding on for at least 6% on a 5 year personally or a 5% 4-6 year add-on CD while staying liquid.
gratitudecd
  |     |   Comment #23
I agree. Similar targets. I would love a 6% for 36months or even 48 ideally - 5 is too long but I did lock up 2 CD's @ 5.25% at 60 months a few months back. We'll see...
dan428
  |     |   Comment #33
so you're going to be "holding on" beyond the time in which these CDs wouldve matured and you'd have access to the funds anyway lol
ARK
  |     |   Comment #24
We need a nation wide CD promotion offering tiz rate...
banky
  |     |   Comment #25
Anyone know what the ACH transfer limits (both in and out) are for LCCU? Can’t seem to find that info. My current bank (Ally) has a pretty high limit, but I’ve read about many others are a lot less per transaction and can be a pain to deal with
RZ
  |     |   Comment #26
Not an issue if you are pulling the funds from your Ally link.
Lunaria
  |     |   Comment #27
...Aaand It's Gone
chasinrates
  |     |   Comment #28
Rates have dropped significantly on the promo CDs.
ARK
  |     |   Comment #29
Bait and switch!
RZ
  |     |   Comment #30
No, once the CU meets its capitalization goal it ends the promotion. Banking Business 101.
Lunaria
  |     |   Comment #31
I couldn't even ACH transfer quick enough to make this happen. I would've either had to Wire Transfer or have available balance in their Savings to begin with.
RZ
  |     |   Comment #32
I simply presented a check at a nearby affiliated CU and following a call the CD was posted to my account within minutes. Perhaps you didn’t have a checking account to do the same. That’s why Primis and Vanguard MMA are vital to me. Also possible to earn double interest if the accepting institution accrues it before the check clears. Contrast that with the usual loss of 3 days interest typically with an ACH transfer
dan428
  |     |   Comment #35
my ACH transfers same-day
dan428
  |     |   Comment #34
I couldn't figure out the complicated wire instructions so I ACH'd in
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Deal Summary: Certificate Specials – 19-month (3.99% APY), 37-month (4.50% APY), no stated minimum deposit, new money.

Availability: Four Idaho panhandle counties and all State of Washington counties.

For a limited time, Idaho-based Lewis Clark Credit Union (LCCU) is offering two extremely competitive Certificate Specials: 19-month (3.99% APY) and 37-month (4.50% APY). There is no set minimum opening deposit, but all funds must be new money, defined as “funds that were not at LCCU, in any type of account as of June 30, 2022.” There is...

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Availability: Residents of four Idaho panhandle counties and three southeast Washington counties.

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