Sharefax CU (OH) Offers Top-Rate 80-Month CD


Availability: Residents of 12 Southwest Ohio counties; 400+ SEGs

Sharefax Credit Union (Sharefax CU) recently raised the rates on its 80-month Share Certificate (CD), which is actually three separate products with tiered APYS: 80-month CD (2.75% APY), 80-month Silver CD (2.95% APY), and 80-month Gold CD (3.00% APY). The minimum deposit for all three CDs is $15K, with no balance cap.

The higher APYs on the Silver and Gold CDs are associated with Sharefax CU’s Member Rewards program, which awards points based on an account’s activity (i.e., 20 points for having e-Statements, 20 points for every $1K on deposit, etc.). 200 points are required to qualify for the Silver CD APY, and 300 points for the Gold CD APY.

Unfortunately, Sharefax CU does not have any information about the Member Rewards program on their website. I spoke at length yesterday with CSR, who very patiently read out a rather long list of point assignment – far too long to list here. While the additional basis points are tempting, collecting reward points to obtain the Silver or Gold APY may not be worth the effort for everyone.

In a Live Chat, CSR stated the Early Withdrawal Penalty for any of the 80-month CDs is 180 days of interest.


Headquartered in Batavia, Ohio, Sharefax Credit Union offers membership based on residency, employment, and organization affiliation.

Residency: Individuals who live, work, worship or attend school in the Southwest Ohio counties of Adams, Brown, Butler, Clermont, Clinton, Fayette, Greene, Hamilton, Highland, Montgomery, Preble, and Warren are eligible for membership.

Employment: Employees of more than 400 SEGs, both large and small, are eligible to join.

Affiliation: Individuals who are associated with five different churches and two schools are also eligible for membership.

The Sharefax CU membership application process can be started by downloading the application.

Please print out and complete the following application, have the applicant(s) signature(s) notarized, including all joint signers, and mail along with a photocopy of a valid picture ID(s) of all account applicants.

Joining Sharefax CU and/or opening a Share Certificate can also be done at any of five Ohio branches located in Batavia, Cincinnati, Lebanon, Mason, and Milford.

Credit Union Overview

Sharefax Credit Union has an overall health grade of "B+" at, with a Texas ratio of 7.15% (excellent) based on June 30, 2015 data. In the past year, Sharefax CU has increased its total deposits by $11.3 Million, and excellent annual growth rate of 3.88%. Please refer to our financial overview of Sharefax Credit Union for more details.

Sharefax Credit Union (NCUA Charter # 61090) was established in 1960 by a group of Ford Motor Company employees from the Sharonville and Fairfax plants (SHARonville + fairFAX = Sharefax). The field of membership was later expanded to include a large portion of Southwestern Ohio. Sharefax Credit Union is currently Ohio’s 16th largest credit union, with 30,300+ members and assets in excess of $334 Million.

How the CDs Compare

When compared to the similar length-of-term CDs tracked by that are available to Ohio residents, Sharefax Credit Union's 80-month Share Certificate APY currently ranks first, regardless of minimum deposit.

The above rates are accurate as of 11/4/2015.

To look for the best nationwide CD rates and the best CD rates in your state, please refer to our CD rates table.

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