Rocky Mountain Credit Union (MT) Boosts 18-Month CD Rate


Deal Summary: 18-month Share Certificate, 2.18% APY, $1k minimum deposit.

Availability: Residents of eight southwest Montana counties; more than 50 SEGs.

Rocky Mountain Credit Union (RMCU) has ended the month by raising the rate on its 18-month Share Certificate (2.18% APY). The minimum opening deposit is $1k, with no stated balance cap.

0.65%$1k-Rocky Mountain Credit Union18 Month Share Certificate
0.65%$2k-Rocky Mountain Credit Union18 Month IRA Certificate (Traditional, Roth, SEP, CESA)
Rates as of July 18, 2018.

The 18-month Share Certificate is also offered as an IRA (Traditional, Roth, SEP, CESA), earning the same APY, but requiring a $2k minimum deposit.

Last week’s 168 bps increase resulted in the Share Certificate’s highest APY since DA started tracking it in May 2011. The APY briefly flirted with 1.00% in 2011 and 2013, but only lasted about a month.

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

Terms of 18 to 23 months - 210 days’ dividends


Headquartered in Helena, Rocky Mountain Credit Union’s field of membership (FOM) is primarily residency based, with individuals who live, work, or worship in the Montana counties of Broadwater, Deer Lodge, Gallatin, Jefferson, Lewis and Clark, Park, Powell, and Silver Bow eligible for membership.

Montana State University alumni and State of Montana employees also qualify for membership, as do the employees of more than 50 SEGs.

Family members of current RMCU members are welcome to apply for membership.

Joining Rocky Mountain Credit Union and/or opening a Share Certificate can be done online, or at any of five full-service Montana branches, located in Belgrade, Bozeman, Butte, and Helena (2).

Credit Union Overview

Rocky Mountain Credit Union has an overall health grade of "A" at, with a Texas Ratio of 3.04% (excellent) based on September 30, 2017 data. In the past year, RMCU has increased its total non-brokered deposits by $24.72 million, an excellent annual growth rate of 14.41%. Please refer to our financial overview of Rocky Mountain Credit Union (NCUA Charter # 63261) for more details.

Originally chartered as the State Capital Employees Credit Union (SCECU) in 1940, Rocky Mountain Credit began like almost all credit unions: an initial small number of members (47 State employees) with a limited FOM (State of Montana employees residing in Lewis and Clark County). My next line would normally be something like, “over the next several years, the membership grew,” but that’s not what happened.

Shortly after World War II, the credit union was recessed.

SCECU was quietly put aside until January 1956, when it “was recognized by a number of the charter members and other state employees." It wasn’t until 1999 that the FOM was expanded to include everyone who lived or worked in Lewis and Clark County and Gallatin County. The new FOM prompted the search for a new name, and the Rocky Mountain Credit Union rebrand occurred in October 1999. Following mergers with three other Montana credit unions, RMCU has become Montana’s sixth largest credit union, with more than 20,500 members and assets in excess of $227 million.

How the Share Certificate Compares

When compared to the 150 similar length-of-term CDs tracked by that are available within the FOM, Rocky Mountain Credit Union’s 18-Month Share Certificate APY currently ranks second.

The above rates are accurate as of 1/29/2018.

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

Related Pages: Butte CD rates, Helena CD rates, 1-year CD rates


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