Self-Help CU (Easy Membership) Hikes 18-Month CD Rate


Availability: Easy membership

Earlier this month North Carolina-based Self-Help Credit Union’s (Self-Help CU) raised the rate on its 18-month CD (1.31% APY). The minimum deposit is $500 and there is no balance cap. This was the first rate increase for the 18-month CD since September 2014, when the APY was 0.80% APY.

1.31%$500-Self-Help Credit Union18 Months IRA (Traditional, Roth, CESA)
1.31%$500-Self-Help Credit Union18 Months CD
Accounts mentioned in this post. Rates as of October 23, 2016.

The 18-month CD is also available as an IRA (Traditional, Roth, and CESA), earning the same APY with the same funding requirements.

As stated in Self-Help CU’s Membership Booklet, the Early Withdrawal Penalty reads as follows:

Terms greater than 12 months - 180 days of interest


Headquartered in Durham, North Carolina, Self-Help Credit Union offers membership primarily through residency and by joining their non-profit, the Center for Community Self-Help.

Residency: Individuals who live, work, worship, or attend school in the North Carolina counties of Beaufort, Bertie, Brunswick, Buncombe, Burke, Camden, Caswell, Catawba, Chowan, Columbus, Durham, Edgecombe, Forsyth, Franklin, Gates, Granville, Greene, Guilford, Halifax, Haywood, Henderson, Hertford, Hyde, Jackson, Lenoir, Lincoln, Madison, Martin, McDowell, Mitchell, New Hanover, Northampton, Pasquotank, Pender, Perquimans, Person, Pitt, Polk, Scotland, Transylvania, Vance, Wake, Warren, Washington, and Wilson are eligible for membership.

Easy Membership: For a one-time fee of $5, individuals can qualifying for membership by joining the Center for Community Self-Help, the umbrella organization that encompasses all parts of Self-Help..

Other: Individuals can also qualify for membership if an immediate family member is a current Self-Help CU member or through a qualifying workplace affiliation.

Joining Self-Help CU and/or opening a CD can be done online or at any of 19 North Carolina branches located in Ashville (2), Durham (2), Fletcher, Greensboro, Hendersonville, Laurinburg, Lexington, Maiden, Morganton, Old Fort, Pisgah Forest (2), Roanoke Rapids, Wilmington, and Wilson. Self-Help CU also has a branch in Galax, Virginia.

The Membership Application can also be download and returned to any branch location or mailed to the Durham headquarters.

Credit Union Overview

Self-Help Credit Union (NCUA Charter # 66258) has an overall health grade of "B+" at, with a Texas ratio of 18.57% (above average) based on September 30, 2015 data. Self-Help CU has an excellent capitalization level of 12.24%, a result of holding $670.38 Million in assets with $82.06 Million in equity. Please refer to our financial overview of Self-Help Credit Union for more details.

Chartered in 1938, Self-Help Credit Union was established to help employees in rural North Carolina form worker-owned cooperatives and gain ownership of local mills that were being shut down. The first capital raised was $77 – the proceeds of a bake sale organized by a baker whom Self-Help CU has assisted. The first "office" was co-founder Martin Eakes’ VW Bug, which unfortunately caught fire; both the car and Self-Help CU’s records were a complete loss. 82 years later, Self-Help CU has over 58,700 members, assets in excess of $670 Million, and a sister credit unions, Self-Help Federal Credit Union, with branches in southern California and Chicago.

How the CD Compares

When compared to the 100 similar length-of-term CDs tracked by that require a similar minimum deposit and are available nationwide, Self-Help Credit Union's 18-month CD currently ranks fourth.

The above rates are accurate as of 12/29/2015.

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

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