In February, NASA Federal Credit Union (NASA FCU) brought back limited-time competitive rates on its 15-, 25-, and 49-month Share Certificate Specials. As advertised, those rates lasted for a month before they returned to their previous levels. NASA FCU started June by adding a 9-month Share Certificate Special (SCS), which earns 2.60% APY.
|2.35%||$10k||-||NASA Federal Credit Union||9 Month Share Certificate Special - New Money|
The minimum opening deposit is $10k and the fine print on the Certificate Rates page states,
A minimum of $10,000 in new funds must be brought from an external
source and must be deposited between June 1, 2019 and June 30, 2019.
The SCS is also offered as an IRA (Traditional and Roth), earning the same APY with the same new money funding requirements.
|2.35%||$10k||-||NASA Federal Credit Union||9 Month IRA Certificate Special - New Money (Traditional, Roth)|
While there is no stated maximum deposit balance, the fine print reads:
Credit Union reserves the right to limit deposits into this special certificate.
As stated in the Certificate Terms and Conditions document, the Early Withdrawal Penalty reads as follows:
182 days for certificate accounts with terms up to 24 months and
365 days for certificate accounts with terms greater than 24 months.
There is a 10-day grace period before the 9-month SCS automatically renews to a standard 6-month term.
Thanks to DA reader, Carpline, for his Forum post about NASA FCU's lastest special deal.
Headquartered in Upper Marlboro, Maryland, NASA Federal Credit Union offers membership to virtually anyone, with several ways to qualify:
Easy Membership: Membership in one of 14 affiliated associations, including a complimentary membership to the National Space Society (NSS), qualifies for Credit Union membership.
Employment: Employee or retiree of NASA Headquarters, any NASA Center or Facility, or NAS are eligible for membership. In addition, any employee or member of one of 900+ NASA Federal Credit Union partner companies also qualify for membership.
Relationship: Relatives or household members of current NASA FCU members are eligible for membership.
Joining NASA FCU and/or opening a Share Certificate Special can be done online, or by visiting any of twelve branches located in Maryland (Annapolis, Bowie, Columbia, Greenbelt, Greenbelt-Lanham, Rockville, Upper Marlboro), Virginia (Falls Church, Oak Hall, Wallops Island), and the District of Columbia (2).
Three of the branch locations (the Goddard Space Flight Center Branch, the National Academy of Science Branch, and the GSFU-Wallops Flight Facility) have restricted assess status (employees only). NASA FCU is a member of the CO-OP Shared Branch network, giving NASA FCU members an additional 120+ locations in the Washington metro area to conduct many business transactions.
A free Primary Savings is required with every membership – minimum deposit $5.00
NASA FCU offers its members access to more than 5,000 credit union branches through the CO-OP Shared Branch network.
Shared Branches allow a members of participating credit unions across the country to conduct most of their financial transactions as if they were at their own credit union branch. Whether you are at work, home, or your favorite travel destination, NASA Federal Credit Union services are always nearby.
Credit Union Overview
NASA Federal Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 6.85% (excellent) based on March 31, 2019 data. In the past year, NASA FCU has increased its total non-brokered deposits by $385.08 million, an excellent annual growth rate of 20.18%. Please refer to our financial overview of NASA Federal Credit Union (NCUA Certificate # 6328) for more details.
NASA Federal Credit Union was established in 1949 when seven employees received approval for a credit union charter to begin serving employees of NASA. Today, NASA Federal Credit Union is the third largest credit union headquartered in Maryland and the 95th largest credit union in the nation, with assets in excess of $2.7 billion and nearly 163,000 members.
How the Share Certificate Special Compares
When compared to 195 similar length-of-term CDs tracked by DepositAccounts.com, which are nationally available and require a minimum deposit of $10k or less, NASA Federal Credit Union's 9-month Share Certificate Special APY currently ranks second.
The above rates are accurate as of 6/8/2019.
To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.