Northeast Credit Union (NH/ME) Adds 33-Month CD


Deal Summary: Special Share Certificates – 33-month, 3.33% APY, $3k minimum deposit. 35-month, 3.50% APY, $1k minimum deposit, $1k of new money, additional deposits (up to initial investment), checking relationship w/direct deposit required.

Availability: Residents of New Hampshire and southern York County, Maine; 75+ SEGs.

Northeast Credit Union (Northeast CU) has added two Special Share Certificates to its product line: 35-month (3.50% APY) and 33-month (3.33% APY).

3.50%$1k-Northeast Credit Union35 Month CD Special w/ Checking
3.33%$3.3k-Northeast Credit Union33 Month CD Special
Rates as of September 18, 2018.

35-Month Special Share Certificate

The 35-month Special Share Certificate earns 3.50% APY and can be opened with a minimum $1k deposit. All opening deposits must include at least $1k of new money. There are a couple other hoops to jump through to qualify for the 3.50% APY. According to the details on the Rates page,

The 35-month special share certificates requires a minimum of $1,000 to open and an active Northeast Credit Union checking account. Active checking account defined as an account in good standing, with direct deposit. Should the checking account be closed, and/or if direct deposit ceases to come in to the checking account, the share certificate will be closed and the early withdrawal penalties, as noted in the share certificate truth and savings disclosure, will be assessed.

After the account is opened you may make additional deposits of $250 or more. The maximum in additional deposits is limited to the initial investment.

New money restrictions apply.

33-Month Special Share Certificate

While this Certificate has the lower APY, it’s actually a better deal since there is no checking/direct deposit requirement. This is a straightforward Certificate, with a lot of “3s” – 33-month, 3.33% APY, and $3k minimum deposit (no new money requirement).

As stated in the Disclosure document, the Early Withdrawal Penalty for either Special Share Certificate reads as follows,

We will impose a penalty if you withdraw any of the principal before the maturity date. The penalty will equal 365 days of dividends on the amount withdrawn.

Northeast CU's Unique Certificate Guarantee option, which is a one-time bump during the term, does not apply to either Special Share Certificate.

Elite Checking

In July 2017, Northeast CU raised the rate on its Elite Checking account to 4.00% APY on qualifying balances between $5k and $15k; that rate and qualifying balances are still in effect. Balances over $15k and less than $5k, whether qualifying or not, do not earn any interest.

4.00%$5k$15kNortheast Credit UnionElite Checking
Rates as of September 18, 2018.

Qualifying Requirements

  • Recurring monthly Direct Deposit
  • At least 20 debit card transactions per month
  • Receive eStatements
  • Maintain a minimum $5k average daily balance

The Elite Checking has a $10 monthly service fee that will be waived if all qualifying requirements are met. There is unlimited check writing and the first package of checks is free.

As part of the CO-OP network, Northeast CU provides its members with access to more than 5,000 branches and nearly 30,000 surcharge-free ATMs nationwide.


Headquartered in Portsmouth, New Hampshire, Northeast Credit Union’s field of membership (FOM) is primarily residency based, with individuals who live, work, worship, or attend school in New Hampshire or southern York County, Maine, eligible to join.

According to the online application, “If you live, work or do business near one of our Branches (defined within 30 miles of a branch) you are eligible for membership.”

Employees of more than 75 SEGs (listed on the online application) are membership eligible.

Family members of current Northeast CU members are also welcome to apply.

Joining Northeast CU and/or opening a Special Share Certificate can be done online, by phone (603-436-1847), or at any of 15 New Hampshire branches, located in Berlin, Concord, Conway, Dover, Exeter, Gorham, Lebanon, Lee, Manchester, Merrimack, Northwood, Plymouth, Portsmouth (2), and Rochester. There are also five Maine branch locations in Biddeford, Kennebunk, Saco, Sanford, and Westbrook.

Credit Union Overview

Northeast Credit Union has an overall health rating of "A" at, with a Texas Ratio of 1.80% (excellent) based on March 31, 2018 data. In the past year, Northeast CU has increased its total non-brokered deposits by $175.34 million, an excellent annual growth rate of 17.82%. Please refer to our financial overview of Northeast Credit Union (NCUA Charter # 68219) for more details.

Founded in 1936, Northeast Credit Union was originally known as the Portsmouth NH U.S. Employees Federal Credit Union #1515. The Credit Union’s name was changed in 1977, as its size and scope began to change. Between 1982 and 1993, Northeast CU merged with seven other New Hampshire credit unions and converted to a state chartered credit union in 1997. The most recent merger (Woodlands Credit Union) occurred in 2013 and established a footprint in the northern portion of New Hampshire. Northeast CU is currently New Hampshire’s second largest credit union, with more than 127,200 members and assets in excess of $1.3 billion.

How the Special Share Certificates Compare

When compared to 238 similar length-of-term CDs tracked by, requiring a similar minimum deposit and available within the FOM, Northeast Credit Union’s 35- and 33-month Special Share Certificate APYs currently rank second and third, respectively.

The above rates are accurate as of 8/7/2018.

To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: Portland CD rates, Boston CD rates, Burlington CD rates, 5-year CD rates

Northeast CU (NH/ME) Elite Checking Earns 4.00% APY Up To $15k
Deal Summary: Elite Checking, 4.00% APY on qualifying balances of $5k-$15k.

Availability: Residents of New Hampshire and southern York County, Maine; 95+ SEGs.

At the beginning of July, Northeast Credit Union (Northeast CU) raised the rate on its Elite Checking account, which now earns 4.00% APY on qualifying balances between $5k and $15k. Balances over $15k and less than $5k, whether qualifying or not, do not earn any interest.

Qualifying Requirements

  • Recurring monthly Direct Deposit
  • At least 20 debit card transactions per month
  • Receive eStatements
  • Maintain a minimum $5k average...

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