Members Choice Credit Union (TX) Boosts 36-Month CD Rates


Deal Summary: 36-month Jumbo Certificate, 2.10% APY, $50k minimum. 36-month Certificate, 2.00% APY, $500 minimum.

Availability: Residents of the Texas communities of Katy, Cy-Fair, and Harris County; 200+ Partner Companies.

Houston-based Members Choice Credit Union (Members Choice) is offering disaster assistance to its members affected by Hurricane Harvey, including mortgage assistance payments, emergency loans, and help with filing insurance claims. If you know a member who could use some assistance, please help them to take advantage of this offer.

Members Choice has recently raised the rates on its 24- and 36-month CDs, adding between 50-55 bps points. While the regular versions of both CDs have been part of the product line since 2009, the Jumbo CDs were added this past June. The minimum deposit for the CDs is $500, with Jumbo CDs requiring a minimum of $50k; there is no stated balance cap.

1.92%$50k-Members Choice Credit Union24 Month Jumbo CD
1.81%$500$50kMembers Choice Credit Union24 Month CD
1.36%$50k-Members Choice Credit Union36 Month Jumbo CD
1.26%$500$50kMembers Choice Credit Union36 Month CD
Rates as of December 5, 2022.

DA readers may recall that Members Choice upped its 18-month CD Special rate to 1.70% APY in June. The good news is that rate is still in effect. The better news is that the 18-month Jumbo CD Special’s rate (only 1.25% APY in June) is now 1.80% APY.

All of Members Choice’s CDs are offered as IRAs (Traditional, Roth), earning the APY with the same funding requirements.

1.92%$50k-Members Choice Credit Union24 Month Jumbo IRA (Traditional, Roth)
1.81%$500$50kMembers Choice Credit Union24 Month IRA (Traditional, Roth)
1.36%$50k-Members Choice Credit Union36 Month Jumbo IRA (Traditional, Roth)
1.26%$500$50kMembers Choice Credit Union36 Month IRA (Traditional, Roth)
Rates as of December 5, 2022.

In a Live Chat, CSR stated that the Early Withdrawal Penalty for certificates with terms of 18 months or greater 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, and Harris County eligible to join. The Join Now page has a list of nearly 120 Zip Codes that are 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 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 6.47% (excellent) based on June 30, 2017 data. In the past year, Members Choice has increased its total non-brokered deposits by $12.71 million, an excellent annual growth rate of 2.58%. 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 41st largest credit union in Texas, Members Choice has more than 39,200 members and assets in excess of $564 million.

How the Jumbo CD Compares

When compared to the similar length of term CDs tracked by that are available within the FOM, Members Choice Credit Union's 36-month Jumbo CD APY currently ranks third, regardless of minimum deposit requirement.

The above rates are accurate as of 9/25/2017.

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, 5-year CD rates

  |     |   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.
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...

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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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