Notre Dame Federal Credit Union Adds Rate-Leading CD Specials

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Deal Summary: Certificate Specials – 11-18 months (5.55% APY), 36-month (5.25% APY), no minimum deposit.

Availability: Northern Indiana and Southwest Michigan; more than 1,200 SEGs.

Indiana-based Notre Dame Federal Credit Union (NDFCU) is currently offering two Certificate Specials with market-leading rates: 11-18 months (5.55% APY) and 36-month (5.25% APY). There is no minimum opening deposit and no stated balance cap.

APYMINMAXINSTITUTIONPRODUCTDETAILS
5.55%--Notre Dame Federal Credit Union11-18 Month CD Special
5.55%--Notre Dame Federal Credit Union11-18 Month IRA Special (Traditional, Roth, CESA)
5.25%--Notre Dame Federal Credit Union36 Month CD Special
5.25%--Notre Dame Federal Credit Union36 Month IRA Special (Traditional, Roth, CESA)
Rates as of February 27, 2024.

The Certificate Specials are also available as IRAs (Traditional, Roth, CESA), earning the same APYs with the same funding requirements.

Early Withdrawal Penalty

As stated in the Fee Schedule, the Early Withdrawal Penalty reads as follows:

If your account has an original maturity of 11 months or less: 90 days worth of dividends whether earned or not.

If your account has an original maturity between 12-29 months: 180 days worth of dividends whether earned or not.

If your account has an original maturity between 30-47 months: 365 days worth of dividends whether earned or not.

CSR confirmed that partial withdrawals are allowed, but the principal is not protected.

Availability

Headquartered in Notre Dame, Indiana, Notre Dame Federal Credit Union’s field of membership (FOM) is tied to more than 1,200 Affiliated Organizations. Employees and members of a variety of companies, associations, churches (Roman Catholic and Protestant), and schools are eligible for membership.

A small sampling of the Affiliated Organizations includes the 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.

Those who live, work, worship, or attend school in Michiana, the City of Fort Wayne, or Lake County, Indiana are also eligible to join. Michiana is a region in northern Indiana and southwest Michigan centered on the city of South Bend. It includes the Indiana counties of Elkhart, La Porte, Marshall, St. Joseph, and Starke, and the Michigan counties of Berrien and Cass.

Household members and immediate family members (defined as spouse, parent, grandparent, children, grandchildren, siblings and their spouses) of current NDFCU members are eligible to join.

Account Opening

Joining NDFCU can be done online or in person at any of nine Indiana branches located in Granger, Mishawaka, Notre Dame (2), South Bend (5), and Whiting. Appointments are available and can be scheduled online.

All it takes is $5 to deposit into your new Share Savings account. That $5 represents your ownership share in Notre Dame FCU.

According to CSR, an NDFCU membership must be established before a Certificate Special can be opened. If none of the above-mentioned branches are convenient, you can,

Fill out this form and we will reach out to you to get started on your Certificate Application.

Funding and Other Details

The following information is from a conversation with CSR.

  • Funding – ACH, wire, check, Shared Branch, or internal transfer. Funds must be on deposit at NDFCU before opening a Certificate.
  • CO-OP Shared Branch Participant – Yes.
  • Ownership – Individual, joint, trust.
  • Dividends – Compounded/credited monthly; can be transferred into an NDFCU Share Savings account.
  • Maturing Funds – Internal transfer into an NDFCU Share Savings account.
  • Beneficiaries – Unlimited, percentages can be assigned. Social Security numbers are required.
  • Grace Period – 10 calendar days before automatic renewal.
  • Credit Check – Hard pull when joining; NDFCU uses all three reporting agencies.

Credit Union Overview

Notre Dame Federal Credit Union has an overall health grade of "B+" at DepositAccounts.com, with a Texas Ratio of 7.83% (excellent), based on September 30, 2023 data. In the past year, NDFCU has increased its total non-brokered deposits by $64.22 million, an excellent annual growth rate of 7.39%. 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 twelfth largest credit union, with nearly 64,000 members and assets in excess of $1.1 billion. According to an April 2023 Credit Union Times article,

Notre Dame Federal Credit Union was among the nation’s fastest growing credit unions last year, and this year the Indiana credit union will get a boost with the addition of a new employer segment.

On Monday, Notre Dame FCU announced its Select Employer Groups (SEGs) now include the City of South Bend employees, retirees and family members. The city, population 103,653 in 2021, is Indiana’s fourth largest and now has 1,100 eligible employees.

How the 36-Month Certificate Special Compares

When compared to similar length-of-term CDs tracked by DepositAccounts.com which are available within the FOM and have minimum deposit requirements of $10k or less, no bank or credit union has a higher rate than currently offered on the Notre Dame Federal Credit Union 36-month Certificate Special. The following table compares the 36-month Certificate Special to the four highest-rate CDs from other banks/credit unions within the market area.

APYCD Term (Early Withdrawal Penalty)Credit Union/Bank
5.25%36-month Share Certificate Special (EWP=365 days)Notre Dame Federal Credit Union
5.25%33-Month CD Special (EWP=180 days)Via Credit Union
5.10%3-Year Fixed CD (EWP=360 days)Lafayette Federal Credit Union
5.00%36-Month CD (EWP=180 days)MySavingsDirect
4.86%30-month CD (EWP=450 days)Luana Savings Bank

How the 11-18 Month Certificate Special Compares to 18-Month CDs

When compared to 18-month CDs tracked by DepositAccounts.com which are available within the FOM and have minimum deposit requirements of $10k or less, no bank or credit union has a higher rate than currently offered on the Notre Dame Federal Credit Union 11-18 month Certificate Special. The following table compares the 11-18 -month Certificate Special to the four highest-rate CDs from other banks/credit unions within the market area.

APYCD Term (Early Withdrawal Penalty)Credit Union/Bank
5.55%11-18 month Share Certificate Special (EWP=180 days)Notre Dame Federal Credit Union
5.45%18-Month CD Special (EWP=183 days)XCEL Federal Credit Union
5.35%18-Month Share Certificate (EWP=180 days) Fortera Credit Union
5.34%15-Month Flex CD Special (EWP=90 days)Climate FIrst Bank
5.15%12-23 Month CD (EWP=180 days)First National Bank of America

How the 11-18 Month Certificate Special Compares to 1-Year CDs

When compared to 1-year CDs tracked by DepositAccounts.com which are available within the FOM and have minimum deposit requirements of $10k or less, one bank and one credit union have higher rates than currently offered on the Notre Dame Federal Credit Union 11-18 month Certificate Special. The following table compares the 11-18 -month Certificate Special to the four highest-rate CDs from other banks/credit unions within the market area.

APYCD Term (Early Withdrawal Penalty)Credit Union/Bank
5.65%13-Month CD Special (EWP=90 days)T Bank
5.56%1-Year Fixed CD (EWP=180 days)Lafayette Federal Credit Union
5.55%11-18 month Share Certificate Special (EWP=90 days)Notre Dame Federal Credit Union
5.55%12-Month eCD Special (EWP=4% of amount withdrawn)Salem Five Direct
5.50%13-Month CD Special (EWP=all earned dividends)Vibrant Credit Union

The above information and rates are accurate as of 2/13/2024.

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

Related Pages: South Bend CD rates, Chicago CD rates, Phoenix CD rates, Tucson CD rates, 1-year CD rates, 5-year CD rates, IRA CD rates

Comments
Notre Dame FCU Unveils 36-month CD Special
Deal Summary: 36-month Certificate Special, 3.00% APY, $500 minimum deposit

Availability: Employees and members of more than 830 Affiliated Organizations.

Indiana-based Notre Dame Federal Credit Union (NDFCU) is currently offering three Certificate Specials: 36-month (3.00% APY), 24-month (2.40% APY) and 12-month (1.20% APY). The 36-month clearly offers the most competitive APY and can be opened with a minimum deposit of $500. There is no stated balance cap.

All the Certificate Specials are also available as IRAs (Traditional, Roth, CESA), earning the same APYs with the...

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Notre Dame FCU Adds 24-month CD Special
Deal Summary: 24-month Certificate Special, 2.40% APY, $500 minimum deposit

Availability: Employees and members of more than 830 Affiliated Organizations.

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.

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.”

Availability

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6.00% 12-Month CD at an Indiana CU (Notre Dame)
Notre Dame FCU is offering a 12-month Platinum Certificate with a yield of 6.00% APY. The minimum deposit is $10,000, and the maximum is $100,000. The 6% APY requires a Platinum Credit Card issued by the credit union.

In addition to students and employees of the University of Notre Dame, the field of membership includes students of other colleges and a long list of Select Employers Groups. Also, members of local Catholic parishes and members of other organizations are eligible. See site for details. Membership requires a minimum $5 deposit into...

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