Nationally Available 60-Month CD (Up To 3.23% APY) At Nusenda CU


Deal Summary: 60-Month Share Certificate, seven APYs (2.78% - 3.23% APY) based on seven deposit tiers ($1k to $200k).

Availability: Easy membership requirement

March is proving to be a very interesting month: not only are rates continuing to rise, but previously unknown easy membership requirement (EMR) credit unions are offering some excellent deals. The latest is Nusenda Credit Union (Nusenda CU), which recently upped the rates on its nationally available 60-month Share Certificate. The top rate is 3.23% APY with a minimum deposit of $200k. If you click on the arrow under “Details,” all seven rates and deposit tiers will appear.

3.23*%$200k-Nusenda Credit Union60 Month CD
OTHER TIERS: 2.78% $1k - $10k | 2.88% $10k - $25k | 2.98% $25k - $50k | 3.03% $50k - $75k | 3.08% $75k - $100k | 3.13% $100k - $200k
3.23*%$200k-Nusenda Credit Union60 Month IRA (Traditional, Roth, CESA)
OTHER TIERS: 2.78% $500 - $10k | 2.88% $10k - $25k | 2.98% $25k - $50k | 3.03% $50k - $75k | 3.08% $75k - $100k | 3.13% $100k - $200k
Rates as of March 18, 2018.

Nusenda CU’s Share Certificates are also available as IRAs (Traditional, Roth, CESA), earning the same APYs based on the same deposit tiers.

As stated in the Truth-in-Savings Disclosure, the Early Withdrawal Penalty reads as follows:

If your account has an original maturity of more than one year, the penalty we may impose will be the greater of:

  • seven days dividends on the amount withdrawn, or
  • all dividends that have been earned, since date of issuance or last renewal, not to exceed 180 days.

A 180-day penalty is a fairly mild EWP, making the 60-month Share Certificate even more competitive. Using DA’s Early Withdrawal Penalty Calculator, you can see what the effective yields would be on a month-by-month basis. For this example, I’ve used the 3.23% APY.

  • 2.87% APY – closed at 4 years
  • 2.73% APY – closed at 3 years
  • 2.46% APY – closed at 2 years
  • 2.19% APY – closed at 18 months


Headquartered in Albuquerque, New Mexico, Nusenda Credit Union’s field of membership (FOM) is not listed on its website, which seems an odd way to attract new members. When I asked why the FOM isn’t readily available, CSR said the lack of information is intended to spark interest and encourage people to call the Credit Union. I guess it worked, because I called.

Easy Membership - Anyone, regardless of residency, who joins the New Mexico Wilderness Alliance (NMWA) is eligible for membership. Joining NMWA and Nusenda CU can be done simultaneously.

Residency - Individuals who live or work in the New Mexico counties of Bernalillo, Sandoval, Santa Fe, Socorro, Taos, or Valencia qualify for membership.

Employment - Employees of hundreds of SEGs are also membership eligible.

CSR stated that the easiest way to join is to call (505.889.7755 or 800.347.2838). There is an online application of sorts, but

Once you fill out this short online form, we’ll follow up with you shortly to qualify you for membership and discuss the benefits of being the newest member-owner of Nusenda Credit Union.

Joining and/or opening a Share Certificate can also be done at any of 19 New Mexico branches, located in Albuquerque (13), Los Lunas, Rio Rancho (2), Santa Fe, Socorro, and Taos.

Credit Union Overview

Nusenda Credit Union has an overall health grade of "A" at, with a Texas Ratio of 4.18% (excellent), based on December 31, 2017 data. In the past year, Nusenda CU increased its total non-brokered deposit by $161.39 million, an excellent annual growth rate of 9.8%. Please refer to our financial overview of Nusenda Credit Union (NCUA Charter # 948) for more details.

Nusenda Credit Union is New Mexico’s second largest credit union, with more than 181,400 members and assets in excess of $2.05 billion. The Credit Union was founded in 1935 as the Albuquerque Public Schools Federal Credit Union by eight school employees, including the president of the Albuquerque Teacher’s Association. The FOM continued to expand, eventually including employees and students of schools throughout the state. The growth prompted the need for a new name, and in 1982, the New Mexico Educators Federal Credit Union made its debut. The Nusenda rebrand occurred in 2015. In case you were wondering, Nusenda is just a made-up word. According to a KRQE article,

Credit Union reps says "Nusenda" signifies their unique spin on their bond with the community, the future of banking and the service they offer.

How the Share Certificate Compares

Nusenda Credit Union’s 60-month Share Certificate top APYs clearly are rate leaders in the nationally available 5-year CD category, regardless of minimum deposit.

Interest RateCD Length of TermCredit Union/Bank
3.23% APY60-Month Share Certificate ($200k min)Nusenda Credit Union
3.13% APY60-Month Share Certificate ($100k min)Nusenda Credit Union
3.08% APY60-Month Share Certificate ($75k min)Nusenda Credit Union
3.03% APY60-Month Share Certificate ($50k min)Nusenda Credit Union
3.01% APY60-Month Smart Certificate ($60k min)United States Senate Federal Credit Union
3.00% APY60-Month Certificate ($5k min)Connexus Credit Union
2.98% APY60-Month Share Certificate ($25k min)Nusenda Credit Union
2.88% APY60-Month Share Certificate ($10k min)Nusenda Credit Union
2.78% APY60-Month Share Certificate ($1k min)Nusenda Credit Union

The above rates are accurate as of 3/13/2018.

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

Related Pages: Albuquerque CD rates, 5-year CD rates, nationwide deals

Ben   |     |   Comment #1
Pretty good deal
Shelby   |     |   Comment #2
Hard credit pull required but easy out of state membership and no work/non profit organization membership required according to customer service.Looks like a winner at 3.23% with only 6 month EWP.
thowellIII   |     |   Comment #3
One item in the TIS Disclosure stood out as interesting (in that I do not recall seeing it from other CUs): The non-participation policy (copied and pasted here).

A member may have membership privileges revoked for non-participation. Non-participation is based upon any one of the following:

The member’s failure to purchase and maintain a share at par value as defined within the Bylaws (currently $5 with 6 months to complete the purchase), or

The member’s failure to vote in three (3) consecutive annual credit union elections, or

The member maintains only a share at par value and has failed to obtain a loan from, or lend to the Credit Union for a period of at least 6 months. Additionally, the member has not responded to direct communication to become a participating member within 30 days from non-participation notification.

The two things that jump out is the "or" (meaning any of the three could be the basis of declaring a member non-participating) and non-voting in CU elections.

I suspect that Nusenda is not booting people from the CU for non-voting, so I would not see this policy as a reason to avoid Nusenda. It is, however, something of which to be aware.
Edward   |     |   Comment #4
Not going for 3% CDs anymore, unless they are higher than 3.5% and longer than 5 years. As for this being a 'great deal', how is having 6 months less in EWP better than a 0.75% bump in interest rate?
Edward   |     |   Comment #5
$200,000 minimum thanks.
Anonymous   |     |   Comment #6
This would have seemed like a good deal, except for the timing, immediately following the Sharonview 4 percent CD.
Bozo   |     |   Comment #7
Anonymous (re comment 6): Agreed. It's almost to analysis paralysis. For those of a certain age, we remember back in 2006 when all the blogs said to hold out for 6% CDs. We know how that movie ended.
user   |     |   Comment #8
CSR: "We cannot open CD’s over the phone or over the web."
Saver20182018   |     |   Comment #9
EXTREMELY disappointing experience. I paid $35 to the New Mexico Wilderness Alliance and then applied to Nusenda. They refused to open an account over the phone - they require I come into a branch in New Mexico. I'm active duty military in Florida. Fun experience lighting $35 on fire.
Shelby   |     |   Comment #11
Avoid this deal now due to the $35 dollar NMWA fee without guaranteed acceptance, high minimum $200k deposit , and uninformed customer service.
figures   |     |   Comment #13
Thanks DepositAccounts!
glem8888   |     |   Comment #12
Nusenda called me. They told me I had to be a resident of NM to join the Wilderness Alliance and would not process my application.
mark1010   |     |   Comment #14
So its confirmed that you have to be a resident of certain counties in New Mexico to qualify for membership?