While Sandia Laboratory Federal Credit Union (SLFCU) has been offering a 24-month CD for several years, SLFCU added a $500k deposit tier in May, which currently earns 1.45% APY. The other four APYs are 1.35% ($200k), 1.25% ($100k+), 1.15% ($50k+), and 1.05% ($1k+).
The 24-month CD is also offered as an IRA CD (Traditional, Roth, CESA), earning APYs a uniform 10 bps higher on the same five deposit levels.
According to CSR, the Early Withdrawal Penalty for any CD with a term length between 12 and 48 months is 180 days interest on the amount being withdrawn, with partial withdrawals allowed.
Headquartered in Albuquerque, New Mexico, Sandia Laboratory Federal Credit Union’s field of membership (FOM) is varied, based on employment, residency, and organization membership, with an easy membership requirement for all New Mexico residents.
As stated on the first page of the online application, “Please select how you are eligible for membership at Sandia Laboratory Federal Credit Union from one of the following options:”
”I am a current or retired employee of” one of more than 300 companies. The vast majority of these companies are located in New Mexico (with a handful located in the Livermore (CA) area), including Sandia National Laboratories.
”I am a family member or household member of an SLFCU member.” Family members include spouse, parent, sibling, grandparent, child, and grandchild.
”I am living, working, worshipping, volunteering, or attending school in Valencia County; a member of the Central NM Electrical Co-op; or a member of the Entranosa Water Association.”
”I am a resident of New Mexico and would like to establishing eligibility through the National Museum of Nuclear Science and History (NMNSH), or the Albuquerque International Association (AIA).” Individual membership fees are $40 for NMNSH and $50 for AIA.
Joining SLFCU and/or opening a CD can be done online.
Simply complete the easy, fast online application. Once we've approved your application, we'll send you account forms to review and sign electronically within one to two business days.
Branch lobbies that are open as of Friday, May 22: Juan Tabo, Cottonwood, Paseo, Tech Park, Edgewood, Jefferson, Rio Rancho, Los Lunas, and Livermore Downtown. The Livermore Downtown branch is once again open Monday through Saturday after temporarily being closed on Wednesdays.
Branches that will remain closed until further notice: Kirtland and Livermore East.
Establishing a membership begins when you,
Open a savings account with as little as $5. Minimum deposit of $100 earns lowest tier rate.
SLFCU participates in both the CO-OP Shared Branching and ATM networks and provides an ATM and Share Branch locator.
Credit Union Overview
Sandia Laboratory Federal Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 1.07% (excellent) based on June 30, 2020 data. In the past year, SLFCU has increased its total non-brokered deposits by $250.44 million, an excellent annual growth rate of 10.89%. Please refer to our financial overview of Sandia Laboratory Federal Credit Union (NCUA Charter # 5851) for more details.
Established in 1948 by 15 Sandia National Laboratories employees, Sandia Laboratories Federal Credit Union is the largest credit union in New Mexico, with nearly 112,000 members and assets in excess of $2.8 billion. The September 2020 edition of SLFCU’s newsletter, Dollars & Sense, announced that,
SLFCU has committed to giving a total of $45,000 in 2020 to ten organizations in New Mexico and Livermore, California who are helping take care of those in need during the COVID-19 pandemic. One of those non-profit organizations is The Barrett Foundation, which provides shelter and safe housing for women and children experiencing homelessness or domestic violence.
How the CD Compares
When compared to the similar length-of-term CDs tracked by DepositAccounts.com that are available to New Mexico residents, Sandia Laboratory Federal Credit Union's 24-Month CD APY currently ranks first, regardless of minimum deposit requirements.
|Interest Rate||CD Length of Term||Credit Union/Bank|
|1.45% APY||24-Month CD ($500k min)||Sandia Laboratory Federal Credit Union|
|1.35% APY||24-Month CD ($200k min)||Sandia Laboratory Federal Credit Union|
|1.35% APY||24-Month CD ($1k min)||Nusenda Credit Union|
|1.31% APY||24-Month Jumbo Share Certificate ($25k min)||Rio Grande Credit Union|
The above rates are accurate as of 9/11/2020.
To look for the best CD rates, either nationwide or state specific, please refer to our CD Rates Table page.