Minnequa Works Credit Union (CO) 6-Month CD Special Available Statewide


Deal Summary: 6-month CD Special, 6.14% APY, $500 minimum deposit.

Availability: Easy membership requirement in Colorado.

For a limited time, Minnequa Works Credit Union (Minnequa Works) is offering a rate-leading 6.14% APY on its 6-month CD Special. The minimum opening deposit is $500, with no stated balance cap. There is no stated end-date for the 6.14% APY, other than the very general and non-committal statement that Minnequa Works may offer “special rates for these accounts from time to time.” CSR had no information as to how long the 6.14% APY might be available.


Headquartered in Pueblo, Colorado, Minnequa Works Credit Union’s field of membership (FOM) provides virtually all Colorado residents (18 years or older, with a valid Social Security number) a path to membership through membership in the Steelworks Museum and Steelworks Center of the West.

Billed as “Pueblo, Colorado’s Favorite Museum,” the Steelworks Center of the West offers visitors access to historic archives, artifacts, and buildings of the Colorado Fuel and Iron Company, which led the industrialization of the entire Western United States.

As stated on the online application,

Through our partnership with the Steelworks Museum and Steelworks Center of the West, you can become a member of Minnequa Works by joining their historical society. We will handle the signup for you.

Those who live, work, worship, or attend school in either Pueblo County or Custer County, Colorado are also eligible for membership.

Family members of a current Minnequa Works Credit Union members are welcome to apply.

Account Opening

Joining Minnequa Works Credit Union and/or opening a CD Special can be done online or at any of the three Colorado branches, all located in Pueblo.

Your Share Savings share account is part of your membership to Minnequa Works Credit Union. With as little as $25.00 in your account, you will be able to maintain your membership and enjoy all the cost-saving benefits that MWCU has to offer.

Funding and Other Details

The following information is from a conversation with CSR.

  • Funding – ACH, internal transfer, or shared branch transaction.
  • CO-OP Shared Branch Participant – Yes.
  • Ownership – Individual only
  • Early Withdrawal Penalty – Only an early closure is possible, with a penalty of 90 days on the entire balance. The principal will be reduced if an early closure is done within 90 days of account opening.
  • Dividends – Compounded/credited quarterly with automatic transfer to Minnequa Works Share Savings account.
  • Maturing Funds – Cashier’s check to address on file or internal transfer to Minnequa Works Share Savings account.
  • Beneficiaries – Unlimited, percentages can be assigned, Social Security numbers (along with DOB) required for beneficiaries.
  • Grace Period – 10 calendar days before automatic renewal.
  • Credit Check – ChexSystems.

Bank Overview

Minnequa Works Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 0.58% (excellent), based on June 30, 2023 data. In the past year, Minnequa Works has increased its total non-brokered deposits by $5.76 million, an excellent annual growth rate of 2.69%. Please refer to our financial overview of Minnequa Works Credit Union (NCUA Charter # 68240) for more details.

Established in 1937, Minnequa Works Credit Union’s original FOM was exclusive to the workers of Colorado Fuel and Iron Company. Located near Lake Minnequa in Pueblo, Colorado Fuel and Iron Company was the first and only steel maker west of the Mississippi River until World War II. Minnequa Works Credit Union is currently the 18th largest credit union headquartered in Colorado, with more than 12,000 members and assets in excess of $241 million.

If you are old enough to remember life before the internet, “Pueblo” might have a familiar ring. Anyone who watched Saturday morning cartoons saw innumerable commercials for pamphlets you could get “by writing Consumer Information Catalogue, Pueblo, Colorado 81009.” Some of the commercials had voiceovers of people asking totally random questions. For some reason, I remember “Do I need a visa to travel to Bogota?” Not only did I not know what or where Bogota was, I had no idea what a visa was. I wrote a letter requesting information on visas and eventually I was sent a pamphlet on travel outside the U.S.

How the 6-Month CD 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 banks or credit unions have higher rates than currently offered on the Minnequa Works Credit Union 6-Month CD Special. The following table compares the 6-Month CD 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 11/4/2023.

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

Related Pages: Colorado Springs CD rates, 1-year CD rates

  |     |   Comment #1
I cannot find a phone number to call them ???
  |     |   Comment #2
  |     |   Comment #3
HEY!! There you are PD!

Ive been looking for you! Now get your butt over to our other convo we had going and reply to me. Im bored, and need some friendly banter on this Monday!
  |     |   Comment #4
Ha! Wish I had the time LovinSomeCDs, but I'm up to my eyeballs with urgent matters at the moment. But thanks for the invite. :D
  |     |   Comment #5

Nothing urgent about berating some poor CSR about waiving your EWP at Wegotchanow Credit Union!

Also, I updated the post on our other conversation to let everyone know that you are alive and well, and that you admitted you were wrong.
  |     |   Comment #6
Somebody's enjoying himself this inflation a little TOO much. ;-)
  |     |   Comment #7
Hey Lovin' - at the 2 or 3 local credit unions you've (apparently) limited yourself to for the last gazillion years - do they give you a tiny little gold toaster every time you open up a sub-par rate CD there?
  |     |   Comment #8
lol. Funny you say that, because they do still give stuff like coolers, travel mugs, and such when opening an account.

Dont kid yourself though, if you have a substantial amount of cash and making anythhing less than 12% on it, you too are in my boat buddy. Im guessing since you are on this site, you are very satisfied with sub par rates...and you have to eat your bread UNTOASTED, as a final kick in the nutz. ;)
  |     |   Comment #9
UNTOASTED?  Surely you jest! "The best caviar is often served on lightly-buttered dry toasts, unsalted crackers, or bread (crunchy baguette) with creme fraiche."  You see, that's what the better class of CDs, (and more to the point, a diversified portfolio) gets me.

However, I do wish good luck to your (future) heirs, in selling all those coolers, travel mugs, etc.  It will no doubt be the mother of all tacky estate sales.  I'd say about 3 cents on the dollar would suffice.
  |     |   Comment #10
The only "diverse portfolios" that include CDs belong to newly anointed men at their bar mitzahs.
  |     |   Comment #11
Umm, what? On the face of it, I'm not sure what the h*ll that even means to the average American. Perhaps there's a deeper and more profound meaning you'd like to share?

And, did you means "mitzvahs"?
  |     |   Comment #12
I meant "mintssssvaaii"....

Or maybe a diverse portfolio at a baptism....or confirmation....or.....grandmas birthday envelop with straight cash homie!!

Right? right?.....wait, right??

Ok ok time for bed, Im tired! But ill be here all week! heyyyy ohhhhhh


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