Select Federal CU (Texas) Offers Competitive 24-Month CD


Availability: Residents of San Antonio, Texas

Earlier this month, Select Federal Credit Union (SFCU) raised the rate on its 24-month Share Certificate (2.00% APY). The minimum deposit for the 24-month Share Certificate (CD) is $500, with no maximum balance cap.

The 24-month CD is also offered as an IRA (Traditional) earning the same APY, but the minimum opening deposit is $5K.

1.25*%$50k-Select Federal Credit Union24 Month CD
1.25%$5k-Select Federal Credit Union24 Month IRA Certificate (Traditional, Roth)
Accounts mentioned in this post. Rates as of October 21, 2016.

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

Share Certificates are subject to early withdrawal penalties: Terms of 12 months or less - 30 days' dividends, Terms longer than 12 months - 90 days' dividends.


Membership eligibility in Select Federal Credit Union is determined by employment, residency, or organizational membership.

Employment: Some of the eligible SEGs are Union Pacific, Cardell Cabinets, Dixie Flag Manufacturing Company, Culligan, and Atlas Body Shops.

Residency: Individuals who live, work, worship or attend school in an "underserved" area of the City of San Antonio are also available.

Organizational Membership: Wide and varied, including groups such as the Bexar County YWCA, the San Antonio Area Council of Girl Scouts, and the San Antonio Women's Chamber of Commerce.

Please refer to SFCU's Membership Eligibility for full details.

While Select Federal Credit Union does have online services for account management, an in-person visit to either of two San Antonio branches is required to submit an application for membership and/or opening a CD.

Credit Union Overview

Select Federal Credit Union has an overall health grade of "B" at, with a Texas Ratio of 9.06% (excellent) based on March 31, 2015 data. In the past year, SFCU (NCUA Charter # 3064) has increased its total deposits by $582K, an above average annual growth rate of 2.01%. Please refer to our financial overview of Select Federal Credit Union for more details.

Originally chartered in 1939 to serve the employees of the Southern Pacific S. A. Division Railroad, it remained a single sponsor credit union until 1988 when membership was expanded to the local community. To better describe its role in the community, the name was changed in 1988 to Select Employees Federal Credit Union, and in 2011, the "Employees" was dropped. Today's Select Federal Credit Union has over 5,700 members and assets of almost $37 Million.

How the CD Compares

When compared to other similar length of term CDs tracked by, requiring a similar minimum deposit and available to Texas residents, Select Federal Credit Union’s 24-month Share Certificate is quite competitive.

The above rates are accurate as of 6/16/2015.

To search for nationwide CD rates and CD rates in your state, please refer to the CD rates section of

Select Federal CU Celebrates 75 Years With 4 Highly Competitive CDs

In celebration of its 75th anniversary, Select Federal Credit Union (SFCU) has introduced four new CDs with competitive rates: 12-month CD (1.35% APY), 24-month CD (1.45% APY), 36-month CD (1.75% APY), and 60-month CD (2.50% APY). These CDs are designated specifically for "new money" and are 25 basis points higher than their "existing money" counterparts.

The minimum deposit for any of these CDs is $500 and there is no maximum balance cap. The Early Withdrawal Penalties are reasonable, with term lengths of 12 months or less...

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