Member One FCU (VA) Boosts Rate On 48-Month CD


Availability: Residents of designated parts of Southwest Virginia

Once again, Member One Federal Credit Union (Member One) has increased the rate on its 48-month Share Certificate (as high as 2.05% APY). The minimum opening deposit is $100K (updated 9/19/2015) with no maximum balance cap.

In the past 15 months, the 48-month Share Certificate has experienced five rate changes, ranging from 1.51% APY (June 2014) to the current 2.05% APY.

2.05%$100k-Member One Federal Credit Union48-Month CD
Accounts mentioned in this post. Rates as of October 28, 2016.

Note: Member One’s website does not delineate the deposit level required to earn the stated 2.05% APY. According to correspondence with Member One, "Although the minimum deposit required to open a share certificate account is $1k, to earn certain dividends varies upon the deposit amount." I will update this blog as soon as I have more information.

UPDATE 9/19/2015: CSR confirmed today that the minimum deposit to earn the 2.05% APY is $100K.

As stated in Member One’s Terms and Conditions brochure, the Early Withdrawal Penalty reads as follows:

90 Day Interest Penalty on amount withdrawn imposed for all early withdrawals, regardless of term chosen.


Headquartered in Roanoke, Member One Federal Credit Union offers membership based on residency and Partner Company/Organization relationship.

Residency: Individuals who live, work, worship, or attend school in Altavista, Franklin County, Montgomery County, Radford, and Vinton are eligible for membership.

Residency: Individuals who live, work, worship, or attend school in Amherst, Bedford, Botetourt, Campbell, Forest, Lynchburg, Pittsylvania County, Roanoke, and Salem MAY be eligible for membership.

Partner Company/Organization: Individuals who are employed by, retired from, or volunteer at any of the nearly 600 Partner Companies/Organizations are eligible.

Relationship: Family and household members of current Member One members are eligible to join.

Questions about determining membership eligibility can be answered by calling 800.666.8811.

Joining and/or opening a CD with Member One can be done online or at any of 14 Virginia branches located in Christiansburg, Fairlawn, Hardy, Lynchburg (2), Roanoke (6), Rocky Mount, Salem, and Vinton.

Credit Union Overview

Member One Federal Credit Union has an overall health grade of "A" at, with a Texas Ratio of 5.91% (excellent) based on March 31, 2015 data. In the past year, Member One has increased its total deposits by $38.12 Million, an excellent annual growth rate of 6.4%. Please refer to our financial overview of Member One Federal Credit Union for more details.

Member One Federal Credit Union (NCUA Charter # 4035) was originally chartered in 1940 to serve Norfolk & Western Railroad employees. Norfolk & Western locomotives were built at the Roanoke Shops, which is still in operation. Member One has grown to be the 12th largest credit union in Virginia, with 88,000+ members and assets in excess of $712 Million. The Roanoker Magazine’s annual Readers' Poll awarded Member One the 2015 Platinum Award for Best Credit Union.

How the CD Compares

When compared to the 181 similar length-of-term CDs tracked by, requiring a similar minimum deposit and available to Virginia residents, Member One Federal Credit Union’s 48-month Share Certificate currently ranks second.

The above rates are accurate as of 9/11/2015.

To search for nationwide CD rates and CD rates in your state, please refer to the CD rates section of