Pathways Financial Credit Union Raises CD Rates

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Deal Summary: Certificates – 12-month (0.75% APY), 18-month (0.80% APY), 24-month (0.90% APY), $500 minimum deposit.

Availability: Easy membership requirement in Ohio and Kentucky.

Ohio-based Pathways Financial Credit Union (Pathways) started the week by raising rates on many of its Certificates. While all the APYs were increased by 5 bps, the shorter-term Certificates offer the more competitive rates: 12-month (0.75% APY), 18-month (0.80% APY), 24-month (0.90% APY). The minimum opening deposit is $500, with no stated balance cap.

APYMINMAXINSTITUTIONPRODUCTDETAILS
0.90*%$500-Pathways Financial Credit Union24 Month Certificate
0.80*%$500-Pathways Financial Credit Union18 Month Certificate
0.75*%$500-Pathways Financial Credit Union12 Month Certificate
Rates as of September 18, 2021.

While Pathway’s Rates page lists two deposit levels ($500 and $100k), only the 48- and 60-month Certificates offer two different APYs.

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.15*%$100k-Pathways Financial Credit Union60 Month Certificate
OTHER TIERS: 1.10% $500 - $100k
1.05*%$100k-Pathways Financial Credit Union48 Month Certificate
OTHER TIERS: 1.00% $500 - $100k
Rates as of September 18, 2021.

As stated on the Rates page, the Early Withdrawal Penalty reads as follows:

We will impose a penalty if you withdraw any of the principal funds before the maturity date. For terms to maturity less than 36 months, the penalty imposed will be an amount equal to 180 days’ dividends, and for terms equal to or greater than 36 months, the penalty imposed will be an amount equal to 365 days’ dividends.

Excess Share Insurance

Large deposits at Pathways are protected by Excess Share Insurance.

Accounts insured up to $500,000 through a combination of federal insurance provided by the National Credit Union Administration (NCUA) for $250,000 and private insurance provided by Excess Share Insurance (ESI) for an additional $250,000.

Availability

Headquartered in Columbus, Ohio, Pathways Financial Credit Union’s field of membership (FOM) includes an easy membership requirement (American Consumer Council membership) for all residents of Ohio and Kentucky.

Individuals who live, work, worship, attend school, or own a business in the Ohio counties of Adams, Brown, Clark, Delaware, Fairfield, Franklin, Greene, Licking, Madison, Miami, Montgomery, Pickaway, or Union are also eligible to join.

Employee and retirees (and their immediate family members) of more than 400 SEGs qualify for membership.

Immediate family members of current Pathways members are also welcome to apply.

Joining Pathways can be done online, by phone (614.416.7588 or 800.367.7485), or at any of six Ohio branches located in Columbus (4), Delaware, and Marysville. There are also five Ohio branches in Aberdeen, Beavercreek, Dayton, Engelwood, and Springfield that operate as Incenta, A Division of Pathways Financial Credit Union.

Open a Certificate can be done in-branch at any of the above-mentioned branch locations, by phone, or through Pathways’ Online Banking platform. Appointments can be scheduled for in-branch openings.

The Share Savings Account is a required account and establishes your membership
with Pathways. The account must be opened with a $5.00 minimum deposit.

Pathways participates in the CO-OP Shared Branch and ATM networks.

Not close to a Pathways branch?
Access your Pathways account via the Shared Branching Network!

In addition to our branches throughout central Ohio area, we also have over 5,000 branches available to you across the United States and in foreign countries.

Credit Union Overview

Pathways Financial Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 2.05% (excellent) based on March 31, 2021 data. In the past year, Pathways has increased its total non-brokered deposits by $108.88 million, an excellent annual growth rate of 29.3%. Please refer to our financial overview of Pathways Financial Credit Union (NCUA Certificate # 66376) for more details.

Pathways Financial Credit Union was established in 2012 when three Central Ohio credit unions (Members First, Powerco, and Western) merged. A year later, WECU joined the Pathways family as the fourth founding member. With a combined 216 years of member service, Members First, Powerco, Western, and WECU also had widely diverse FOMs, leading Pathways to adopt a residency-based FOM. In the past two years, three more mergers were finalized (American Chemical Society Federal Credit Union, Incenta Federal Credit Union, and Standard Register Federal Credit Union), resulting in a statewide FOM. Pathways Financial Credit Union is currently the 14th largest credit union headquartered in Ohio, with nearly 43,000 members and assets in excess of $538 million.

How the Certificates Compare

Given the multi-state FOM, a comparison to nationally available CD is appropriate. When compared to similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available nationwide, Pathways Financial Credit Union's 12-, 18-, and 24-month Certificate APYs all currently rank in the top three.

The above information and rates are accurate as of 7/22/2021.

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

Related Pages: Columbus CD rates, Dayton CD rates, 1-year CD rates, 5-year CD rates

Comments
Pathways Financial Credit Union Offers Competitive CD Rates in OH & KY
Deal Summary: Certificates – 12-month (0.70% APY), 18-month (0.75% APY), 24-month (0.85% APY), $500 minimum deposit.

Availability: Easy membership requirement in Ohio and Kentucky.

Ohio-based Pathways Financial Credit Union (Pathways) is offering competitive rates on its shorter-term Certificates: 12-month (0.70% APY), 18-month (0.75% APY), 24-month (0.85% APY). The minimum opening deposit is $500, with no stated balance cap.

As stated on the Rates page, the Early Withdrawal Penalty reads as follows:

Excess Share Insurance

Large deposits at Pathways are protected by Excess Share Insurance.

Availability

Headquartered in Columbus,...

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Deal Summary: Certificate Specials – 40-month (4.00% APY) and 30-month (3.50% APY), $10k minimum deposit, offered through December 31, 2018.

Availability: Residents of seven central Ohio counties; employees/retirees of more than 400 SEGs.

Now through the end of the year, Pathways Financial Credit Union (Pathways) is offering two very competitive Certificate Specials: 40-month (4.00% APY) and 30-month (3.50% APY). These limited-time specials require a $10k minimum deposit, with no stated balance cap. (Note: previous Pathways Certificate Specials have required new money, but CSR stated the...

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Western Credit Union is offering a 7.00% APY 7-month share certificate. The minimum deposit is $5K and the maximum is $100K. Only consumer deposits are allowed and the money must be new to the credit union. It's a limited time offer.

The field of membership includes those who live, work, worship or attend school in several areas of Ohio including Delaware County, Union County and Madison County. There's also a long list of Select Employee Groups. To join, you must open a share savings account with a minimum $5 deposit.

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