Lewis Clark Credit Union (ID/WA) 37-Month CD Special Breaks 4% Ceiling


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 no stated balance cap.

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

According to CSR, partial withdrawals are allowed, with an Early Withdrawal Penalty of 6 months for the 19-month Certificate Special and 12 months for the 37-month Certificate Special.

The funds to be used to open a Certificate Special must on deposit at LCCU prior to opening. LCCU participates in the CO-OP Shared Branch network, facilitating the transfer of funds. Funds can also be deposit through an ACH or wire transfer.

Dividends are compounded and credited monthly. Earned dividends can be transferred into an LCCU savings or checking account.

In a Live Chat, CSR stated that,

After the CD matures, we can close it and put it into the savings or checking at LCCU. Then if you are wanting to send it to another financial institution you can do a wire. You would have to fill out a form at that time and it would be a $20.00 fee.

There is a ten day grace period before the Certificate Specials automatically renew, with the 19-month renewing as an 18-month and the 37-month renewing as a 36-month.

Unlimited beneficiaries can be designated and will receive equal shares. Social Security numbers are not required, “but contact info like a phone number is helpful.”

According to CSR, “all of our credit pulls are a hard pull.”


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 four Idaho counties (Clearwater, Latah, Lewis, or Nez Perce) or any county in the State of Washington are eligible to join. Since my 2018 blog post, the LCCU FOM has expanded significantly, with Washington membership eligibility increasing from three southeast counties to statewide inclusion.

While LCCU has an online membership application of sorts, the actual process of joining involves a few steps.

1. Complete the following On-Line Membership Application Request Form and submit it.

2. Once received, we will mail to you a pre-filled application form requiring your signature and the signature(s) of your joint owner(s) (if applicable) or send electronically to you via Docusign.

3. The signed Membership application must be returned to the credit union along with an initial deposit of at least $5.00 and / or direct deposit form, and a copy of a government issued photo ID for the application process to be completed.

Joining LCCU can also be done at any of two full-service Idaho branches located in Lewiston and Orofino, or the sole Washington branch located in Clarkston. The Lewiston (ID) branch on 17th Street is temporarily closed for remodeling.

Opening a Certificate Special can be done at any of the above-mentioned branches or over the phone. 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.

Credit Union Overview

Lewis Clark Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 4.76% (excellent) based on June 30, 2022 data. In the past year, Lewis Clark CU has increased its total non-brokered deposits by $16.04 million, an excellent annual growth rate of 9.71%. 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 13th largest credit union headquartered in Idaho, with more than 19,000 members and assets in excess of $201 million. FYI – since my 2018 blog post, LCCU’s membership increased nearly 50%, with assets doubling.

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.

How the 37-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 37-month Certificate Special. The following table compares the 37-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 9/8/2022.

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

Related Pages: Spokane CD rates, 1-year CD rates, 5-year CD rates, IRA CD rates

  |     |   Comment #1
Good offer if you can catch it before it disappears.
  |     |   Comment #2
It says the pre-filled application can be sent and returned via DocuSign, so you don't have to use USPS.

These are stunningly good rates. I never thought we would see rates like this so soon. For those who have been waiting, well played.
  |     |   Comment #3
There will be a run on that 37 mo. at 4.5%
  |     |   Comment #4
Very small credit union with three branches in the middle of nowhere on the southern border of Washington and Idaho. Population of Lewiston Idaho 32,000 people. Good luck with this one!
  |     |   Comment #5
So this specifically states that you must live within the specified area. Is there a work around to something like that? How do you become a member and get this CD rate if you dont live in the counties they mention?

"Availability: Four Idaho panhandle counties and all State of Washington counties."
  |     |   Comment #20
It was an easy and pleasant experience getting the account and CD set up. One of the advantages of these smaller CUs is that you get much more personal attention and often end up dealing with the same CSR. While it took perhaps 10mins to get through (no doubt due to the higher than average demand), the rep was very polite and walked me through the steps that first required the online application which was followed up within 24 hours with an email requesting a copy of my drivers license. Once received a DocuSign execution followed after which I was given a membership number. I was then able to deposit a check at a local affiliated branch CU near my home. The rep also requested that I email her a copy of the check which then enabled my account to be unlocked and the CD funded.

Sounds somewhat complicated but in actuality the process went quite smoothly. I also noted on the application that FOM may also include relatives of a member so my brother who lives in NY will attempt to join via this route. At this time I can't confirm for sure that this option works.
  |     |   Comment #6
Many people on this site seem to think that there is something magical about 4% based on the last round of rate increases. But I'm still living in the past where the norm was rates between 5 & 6% on savings accounts for decades. Is it possible we are headed to a return to that "norm?" I don't know. Probably unlikely since the debt service on the national debt would bankrupt the country.  I would say that if we are, the economy is going to have to go through a hella recession to get there.  I think it is more likely than not that it will be doing just that whether we have higher rates or not. But I think that this deal already challenges the notion that it's a sure thing to tie money up for the long haul just because you see a 4% rate. Maybe, maybe not. I don't think it's ever a good idea to speculate. Diversify instead.
  |     |   Comment #7
That 37 month special comes at perfect time for just matured PSECU 36 month CD!
  |     |   Comment #8
Maybe... assuming we don't have a round of double digit rates like we did in the early 80s. We are repeating the stagflation economy of the 70s that led the Fed to those astronomical rates in the early 80s for the first time in 40+ years. I don't think we can rule out the same kind of action that might be necessary to defeat the runaway inflation we have again now. Just give thought to how you might feel if everything is tied up even at 4.5% and rates go up to 10 or 11% or higher. It could be a once in a lifetime regret.
  |     |   Comment #9
I don't know how high rates are going but I have a lot of CDs maturing in the next 2 years so I've got my fingers crossed.
  |     |   Comment #12
The most glaring difference between the stagflation of the 70s vs. what we have now is that instead of being a lending nation we are currently up to our eyeballs in debt. Paul Volcker did not have to consider a 30 plus trillion dollar debt burden, and with 60 days to the midterms I wouldn’t put it past the Congress to even add to that!
  |     |   Comment #13
Still rates for different times
  |     |   Comment #10
Goldman “We are raising our Fed forecast to include a 75bp rate hike in September (vs. 50bp previously) and a 50bp hike in November (vs. 25bp previously). We continue to expect a 25bp hike in December, which would take the funds rate to 3.75-4% by the end of 2022.”
  |     |   Comment #11
But you yourself are on record here believing the Fed will cave in to the markets well before that might happen.
  |     |   Comment #19
I can pivot can't I, ha.
  |     |   Comment #14
would never have guessed that an Idaho CU would be the first to offer a 4.5% certificate yield this cycle. comes shortly after the State passed legislation that will issue another income tax rebate to residents.
  |     |   Comment #15
Idaho has an outrageously high State Income Tax.
  |     |   Comment #16
Not to the herd from CA who are moving up here in droves!
  |     |   Comment #17
We moved from the Midwest to the south. Our new subdivision is about 80% built. Everytime a new street gets finished and the new people arrive in their driveway, 95% of the time, they are out of state. Cali, Oregon, Utah, Washington, New York, New Jersey account for 75% of the new people. LOVE IT!
  |     |   Comment #18
And all your problems are gone! Really! Look in the rear view mirror they are following you to the "promised land."
Lewis Clark Credit Union (ID/WA) Has Top 36-Month CD
Deal Summary: 36-Month Share Certificate, 3.15% APY, no stated minimum deposit.

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

Idaho-based Lewis Clark Credit Union (Lewis Clark CU) has substantially raised the rate on its 36-month Share Certificate (3.15% APY). Last week’s addition of 139 bps has resulted in the highest APY in more than seven years. There is no minimum opening deposit or stated balance cap.

The 36-month Share Certificate is also available as an IRA (Traditional), earning the same APY with the...

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