Indiana-based Notre Dame Federal Credit Union (NDFCU) is currently offering a 24-month Certificate Special, earning 2.40% APY. The minimum deposit is $500, with no stated balance cap.
|2.40%||$500||-||Notre Dame Federal Credit Union||24 Month CD Special|
|2.40%||$500||-||Notre Dame Federal Credit Union||24 Month IRA Special (Traditional, Roth, CESA)|
The 24-month Certificate Special is also available as an IRA (Traditional, Roth, CESA), earning the same APY with the same funding requirements.
In a Live Chat, CSR stated that the Early Withdrawal Penalty is “6 months worth of interest.”
Headquartered in Notre Dame, Indiana, Notre Dame Federal Credit Union’s field of membership (FOM) is tied to more than 830 Affiliated Organizations. Employees and members of a variety of companies, associations, churches (Roman Catholic and Protestant), and schools are eligible for membership.
NDFCU’s Membership Eligibility page lists a small sample of the Affiliated Organizations: University of Notre Dame, Saint Mary's College, Holy Cross College, Holy Cross College Alumni Association, St. Patrick Catholic Community, St. Thomas the Apostle Catholic Church, and Granger Community Church.
Credit Union Overview
Notre Dame Federal Credit Union has an overall health grade of "B+" at DepositAccounts.com, with a Texas Ratio of 6.53% (excellent), based on September 30, 2017 data. In the past year, NDFCU has increased its total non-brokered deposits by $13.57 million, an excellent annual growth rate of 3.2%. Please refer to our financial overview of Notre Dame Federal Credit Union (NCUA Charter #24034) for more details.
Established in 1941, Notre Dame Federal Credit Union is currently Indiana’s 16th largest credit union, with more than 54,700 members and assets in excess of $530 million. According to a CUInsight December 2017 article,
The $530 million Notre Dame FCU received $12 million in secondary capital from the newly formed CU Secondary Capital Fund (CUSCF), a private vehicle created in a joint effort by CU Capital Market Solutions, LLC (CMS) and Olden Lane Advisors LLC.
The credit union plans to use the proceeds to enhance its capital base, increase earnings through loan and deposit growth, and to fund its national expansion efforts, according to CEO Thomas Gryp.
“This is a game changer for both Notre Dame FCU and our industry as a whole,” Gryp said. “This injection of secondary capital, facilitated by the CUSCF, provides us the potential for immediate growth that otherwise would have taken years to achieve.”
How the Certificate Special Compares
When compared to the 230 similar length-of-term CDs tracked by DepositAccounts.com, requiring a similar minimum deposit and available within the FOM, Notre Dame Federal Credit Union’s 24-month Certificate Special APY currently ranks second.
The above rates are accurate as of 3/7/2018.
To look for the best nationwide CD rates and the best CD rates in your state, please refer to our CD Rates Table page.