Now through June 3, 2017, Numerica Credit Union (Numerica) is offering a 13-month Share Certificate Special (1.50% APY) exclusively for new members. The minimum deposit is $1k, with no stated balance cap.
CSR stated the funds must be new money, which seemed a bit obvious to me (new member, new money). CSR explained that the new money requirement was in place so “Dad (who is already a member) can’t fund the Share Certificate Special for his ‘new member’ daughter.” Makes sense.
Note: The 13-month Share Certificate Special is not listed on Numerica’s website, but the Credit Union is promoting it through a non-targeted snail mail campaign. When I contacted Numerica, I asked if they were offering this Special and CSR confirmed that it was available to all new members.
As stated in the Share Certificate Disclosure, the Early Withdrawal Penalty reads as follows:
For accounts with terms in excess of 12 months up to and including 4 years, the
amount of the early withdrawal penalty is 180 days interest on the amount withdrawn.
Many thanks to DA reader, Kennewickman, for his Forum post about Numerica.
3% Bonus Saver
Numerica also has a Bonus Saver feature that can earn approximately $75, on a yearly basis.
The Regular Savings account earns 0.10% APY on all balances, and a bonus 3.10% APY on balances up to $2.5k is possible. Here’s how it works:
Deposit bonus – Deposit at least $25 monthly for six consecutive months. After the sixth month, you’ll receive a bonus rate for the previous six months. You’ll keep earning this bonus as long as you keep making monthly deposits of at least $25.
No withdrawal bonus – Let your money earn dividends without making withdrawals for six consecutive months and you’ll earn an additional bonus rate. You’ll keep earning this rate as long as you don’t make any withdrawals.
Numerica Credit Union is headquartered in Spokane Valley, Washington, and offers membership to individuals who live, work, or worship in Washington State, or live or work in the North Idaho Panhandle (State of Idaho).
In addition, persons related by blood or marriage, or reside with anyone eligible for Numerica membership are themselves eligible to join.
Joining Numerica can be done online, or in person at any of 17 Washington branches located in Airway Heights, East Wenatchee, Entiat, Kennewick, Pasco, Richland, Spokane (6), Spokane Valley (4), Wenatchee, or three Idaho branches located in Coeur D’Alene, Hayden, and Post Falls.
As the 13-month Share Certificate Special is available only to new members, an in-person branch visit will be required.
Credit Union Overview
Numerica Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 2.93% (excellent) based on December 31, 2016 data. In the past year, Numerica has increased its total deposits by $171.66 million, an excellent annual growth rate of 13.24%. Please refer to our financial overview of Numerica Credit Union (NCUA Charter # 66841) for more details.
Numerica Credit Union was established in 1937 as the Spokane Railway Credit Union (SRCU), following the vast expansion of the railroad in the Northwest. As the economy changed, SRCU expanded its field of membership by adding employees of other transportation systems and shippers. Numerica Credit Union rebrand occurred in 2000 for two reasons: 1) to better reflect its expanding membership base, and 2) to let potential members know they could join the Credit Union, even though they weren’t railroad workers. Numerica is currently the fourth largest credit union headquartered in Washington, with nearly 130,000 members and assets in excess of $1.8 billion.
How the Share Certificate Special Compares
When compared to 299 similar length-of-term CDs tracked by DepositAccounts.com, requiring a similar minimum deposit and available within the FOM, Numerica Credit Union’s 13-month Share Certificate Special APY currently shares the top spot with Connexus CU’s 12-month Certificate and Potlatch No 1 FCU’s 12-month Share Certificate.
|Interest Rate||CD Length of Term||Credit Union/Bank|
|1.50% APY||13-Month Share Certificate Special||Numerica Credit Union|
|1.45% APY||1-Year Yield Pledge CD||EverBank|
|1.43% APY||12-Months Online Promo CD||M.Y. Safra Bank|
The above rates are accurate as of 5/16/2017.