For a limited time, Washington-based Numerica Credit Union (Numerica) is offering a 17-month CD Special earning 5.50% APY. This limited-time offer requires a $25k minimum opening deposit of new money, which is defined as funds coming from another financial institution. The 17-month CD Special has the highest and most competitive APY in the Numerica CD product line, with the vast majority of Numerica CDs having APYs of less than 0.90%.
|5.50%||$25k||-||Numerica Credit Union||17 Month CD Special - New Money|
|5.50%||$25k||-||Numerica Credit Union||17 Month IRA Special - New Money (Traditional, Roth)|
The 17-month CD Special is also available as an IRA CD Special (Traditional and Roth), earning the same APY with the same deposit requirements.
Early Withdrawal Penalty
The Share Certificate Disclosure is no longer part of the Numerica website, but I did find the Certificate of Deposit FAQs page. According to the CD FAQs, “Asking about early-withdrawal penalties is an important step in determining if a CD is right for you,” but there is no mention of the Early Withdrawal Penalty (EWP) anywhere on the Numerica website. So I asked.
CSR stated that the EWP for CDs with terms greater than 12 months and less than 4 years is 180 days of dividends on the amount withdrawn. Partial withdrawals are allowed, but a withdrawal made within 179 days of opening will reduce the principal.
Headquartered in Spokane Valley, Washington, Numerica Credit Union’s field of membership (FOM) is community-based, with individuals who live, work, or worship in Washington State, or who live or work in the North Idaho Panhandle (State of Idaho) eligible to join.
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 19 Washington State branches located in Airway Heights, East Wenatchee, Kennewick (3), Pasco (2), Richland, Spokane (6), Spokane Valley (4), and Wenatchee, or three Idaho branches located in Coeur D’Alene, Hayden, and Post Falls.
CDs cannot be opened online. Existing members can open a CD in-branch or over the phone. As soon as a new membership application has been approved, a CD can be opened by phone or in-branch. Appointments are available and can be scheduled online.
To become a member of Numerica, a person eligible for membership must pay a $20 membership fee.
Funding and Other Details
All the following information is from a conversation with CSR.
- Funding – ACH, wire, or check (if opening in-branch).
- Ownership – Individual, joint, or trust.
- CO-OP Shared Branch Participant – No.
- Dividends – Compounded/credited monthly and can be withdrawn anytime without penalty.
- Maturing Funds – ACH, wire, or internal transfer to a Numerica liquid account.
- Grace Period – 10 calendar days before automatic renewal.
- Beneficiaries – Unlimited, percentages available, Social Security numbers preferred but not required.
- Credit Check – ChexSystems.
Credit Union Overview
Numerica Credit Union has an overall health grade of "B+" at DepositAccounts.com, with a Texas Ratio of 1.11% (excellent) based on March 31, 2023 data. In the past year, Numerica has increased its total non-brokered deposits by $29.37 million, an above average annual growth rate of 0.99%. 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 fifth largest credit union headquartered in Washington, with nearly 172,000 members and assets in excess of $3.8 billion.
How the 17-month CD Special Compares
When compared to similar length-of-term CDs tracked by DepositAccounts.com that are available within the FOM and have minimum deposit requirements of $25k or less, two banks and one credit union have higher rates than currently offered on the Numerica Credit Union 17-month CD Special. The following tables compare the 17-month CD Special to the two highest-rate CDs from other credit unions and the two highest-rate CDs from banks.
The above information and rates are accurate as of 8/22/2023.
To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.