Members Choice CU (TX) Ups 18-Month CD Special To 1.70% APY


Deal Summary: 18-month CD Special, 1.70% APY, $500 min/$50k max

Availability: Residents of the Texas communities of Katy, Cy-Fair, Humble/Kingwood, and Harris County, west of I-45; 200+ Partner Companies.

Members Choice Credit Union (Members Choice) began the month by raising the rate on its 18-month CD Special (1.70% APY). The minimum deposit is $500 and there is a $50k balance cap. This week’s 45 bps increase gives the 18-month CD Special its highest rate since it was added in November 2009. There is also a 18-month Jumbo CD Special for deposits of $50k+, but the rate is an unimpressive 1.25% APY.

1.70%$500$50kMembers Choice Credit Union18 Month CD Special
1.70%$500$50kMembers Choice Credit Union18 Month IRA Special (Traditional, Roth)
Accounts mentioned in this post. Rates as of September 21, 2017.

The 18-month CD Special is also offered as an IRA (Traditional, Roth), earning the APY with the same funding requirements.

In a Live Chat, CSR stated that the Early Withdrawal Penalty is 180 days of interest.


Headquartered in Houston, Members Choice Credit Union’s field of membership (FOM) is primarily residency-based, with individuals who live, work, worship, attend school, or own a business in the Texas communities of Katy, Cy-Fair, Humble/Kingwood, and Harris County (west of I-45) eligible to join.

The Join Now page has a list of the more than 110 Zip Codes included in the FOM.

Employees of more than 200 Partner Companies (listed on the online application) also qualify for membership.

Family members (including in-laws) of membership-eligible individuals are eligible to join, regardless of where they live.

Joining Members Choice Credit Union and/or opening a CD Special can be done online or in person at any of nine Texas branches located in Houston (5) and Katy (4).

Credit Union Overview

Members Choice Credit Union has an overall health grade of "B+" at, with a Texas Ratio of 3.46% (excellent) based on March 31, 2017 data. In the past year, Members Choice has increased its total non-brokered deposits by $11.61 million, an above average annual growth rate of 2.42%. Please refer to our financial overview of Members Choice Credit Union (NCUA Charter # 62708) for more details.

Founded in 1941 as the Conoco Credit Union, Members Choice Credit Union’s original FOM included the employees of the Continental Oil Company exclusively. Members Choice was named a “Preferred Lender” by the SBA in 2011, giving it “the authority to streamline the process necessary to provide financial assistance to the small business community.” At that time, only eight other Texas credit unions could claim Preferred Lender status. Currently the 43rd largest credit union in Texas, Members Choice has more than 40,200 members and assets in excess of $520 million.

How the CD Special Compares

When compared to the 221 similar length of term CDs tracked by that require a similar minimum deposit and are available within the FOM, Members Choice Credit Union's 18-month CD Special APY currently ranks first.

The above rates are accurate as of 6/3/2017.

To look for the best CD rates, both nationwide and in your state, please refer to our CD rates table, or our new Rates Map page.

Related Pages: Houston CD rates, 1-year CD rates

vladimir   |     |   Comment #1
May apply for membership online, but must visit branch for CD. Online application process takes about 1 to 2 weeks. Best to wire CD money once account is opened if the $$ amount is large (over 100K), because CU will not open CD until 6 business days have passed for cashier's check to clear. Also, CD date of maturity cannot change --- 18 months CD must mature on the date of opening which could mean the CD matures on a Sat, Sun or holiday making it more difficult to wire money out upon maturity.
3.01% Reward Checking Account at a Texas CU (Members Choice)
Update 12/30/08: The top yield has fallen to 3.01% APY. Refer to the bottom of the post for the rate history.

Members Choice Credit Union has started a reward checking account that pays 3.01% APY on balances up to $25K (0.10% over $25K) and refunds ATM fees (up to $25/mo) if the following monthly requirements are met: 1) 10 debit card transactions, 2) one direct deposit or ACH auto debit, and 3) electronic statements. If these requirements are not met, the rate falls to 0.10%. The minimum opening balance is $100...

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