New Hampshire-based Service Credit Union (Service CU) has been busy lately issuing Certificate Specials, including its Black Friday 3-month Certificate Special and a 27-month Certificate Special, both which have expired recently. In their stead, Service CU has just added a 9-month Certificate Special (1.00% APY) and 20-month Certificate Special (1.50% APY).
Both Certificate Specials can be opened with a $1k minimum deposit and there is no stated balance cap. While these are limited-time offers, no specific end-date has been announced.
As stated in Service Credit Union’s Account Agreement and Disclosure brochure, the Early Withdrawal Penalty reads as follows:
If any of the deposit is withdrawn before the maturity date, a penalty as shown below would be imposed:
Term length of 1 Day to less than 1 year - 90 days’ dividends
Term length of 1 Year to less than 2 years - 180 days’ dividends
Term length of 2 Years or longer - 365 days’ dividends
Thanks DA reader, Carpline, for his Forum post about Service CU’s latest Certificate Specials.
Headquartered in Portsmouth, New Hampshire, Service Credit Union offers membership in a variety of ways:
Residency: Individuals who live or work in New Hampshire, or in the Massachusetts towns of Bourne, Falmouth, Mashpee, and Sandwich are eligible to join.
Employment: Employees of more than 60 New Hampshire SEGs, qualify for membership.
Affiliation: Members and employees of seven trade organizations are also eligible.
While Service Credit Union’s field of membership is diverse, as the name suggests, a military service relationship plays a large role, and the parameters of the military service requirements have been expanded.
Military Relationship: Anyone who ever served, or is currently serving in the U.S. Military or Department of Defense, whether enlisted or civilian, is eligible for membership.
Family Relationship: Family members of individuals who are serving, or have served, in any branch of the U.S. Military or Department of Defense.
A complete description of Service CU’s membership eligibility is available on the website.
Joining Service Credit Union and opening a Certificate Special can be done simultaneously online, by phone, or by visiting any of 34 New Hampshire branches located in Amherst, Bedford, Berlin, Concord, Derry, Epping, Exeter, Franklin, Gorham, Hampton, Hinsdale, Hudson, Keene, Lancaster, Lebanon (2), Manchester, Nashua, Newington (2), Plymouth, Portsmouth (5), Rochester (2), Salem (2), Seabrook, Somersworth (2), and Tilton, or the Falmouth, Massachusetts branch. Service CU also has a military branch located in Great Forks, North Dakota and in Portsmouth, New Hampshire, and 14 military branches in Germany.
Credit Union OverviewService Credit Union (NCUA Charter # 68375) has an overall health grade of "A+" at DepositAccounts.com, with a Texas ratio of 1.30% (excellent) based on June 30, 2016 data. In the past year, Service Credit Union increased its total deposits by $267.53 million, an excellent annual growth rate of 12.56%. Please refer to our financial overview of Service Credit Union for more details.
Service Credit Union was established in 1957 to serve the military and civilian employees at New Hampshire’s Pease Air Force Base. Headquartered in Portsmouth, Service Credit Union is the largest credit union in New Hampshire and the 59th largest in the country, with assets in excess of $2.9 billion and a more than 228,700 members.
How the Certificate Specials Compare
When compared to the 180 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available nationwide, Service Credit Union's 9-Month Certificate Special APY currently ranks first.
When compared to the 140 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available nationwide, Service Credit Union's 20-Month Certificate Special APY currently ranks third.
The above rates are accurate as of 12/6/2016.