Solidarity has a trio of competitive CD Specials: 17-month (2.50%), 37-month (2.90% APY), and 59-month (3.10% APY). Any of the CD Specials can be opened with a minimum $500 deposit, with no stated balance cap.
The 37- and 59-month CD Specials have been part of the product line for more than two years and have experienced four and three rates increases, respectively. The 17-month CD Special was introduced in March 2018 and has had one rate increase, adding 50 bps.
The CD Specials are also offered as IRAs (Traditional, Roth, CESA), earning the same APYs with the same funding requirements.
Early withdrawals are not necessarily guaranteed.
You may make withdrawals of principal from your account before maturity only if we agree at the time you request the withdrawal.
As stated on the Certificate Rates page, Early Withdrawal Penalty reads as follows,
If your account has original maturity of one year, but less than three years: The penalty we may impose will equal 180 days dividends on the amount withdrawn subject to penalty.
If your account has an original maturity of three years or more: The penalty we may impose will equal 270 days dividends on the amount withdrawn subject to penalty.
Excess Share Insurance
Deposits at Solidarity are fully insured up to $500,000: at least $250,000 by the NCUA and $250,000 by Excess Share Insurance, the nation’s largest provider of excess share insurance since 1993.
Members of credit unions using ESI’s excess share insurance can take great comfort in knowing that their savings are safe, and that a portion of their deposits are protected by a well-capitalized credit union-only private insurer.
Headquartered in Kokomo, Indiana, Solidarity’s field of membership (FOM) is residency based, with individuals who live, work, worship, volunteer, or attend school in Howard or Tipton Counties, eligible to join. Select areas in the Indiana cities of Peru and Logansport (maps provided) also qualify, as does Grissom AFB and Metroplex.
Family members of current Solidarity members are also eligible for membership.
Joining Solidarity and/or opening a CD Special can be done at either of the two Kokomo branches located on N. Dixon Road and E. Southway Boulevard.
Solidarity’s membership application is also available as a download and can be returned by snail-mail. A copy of a valid ID must be included with the application.
The core account of your Solidarity membership, your
Primary Savings account, holds your original $5 deposit.
In addition to participating in the CO-OP Shared Branch and ATM networks, Solidarity is a member of Alliance One, a ATM network with more than 5,000 ATMs nationwide.
Credit Union Overview
Solidarity has an overall health grade of "B+" at DepositAccounts.com, with a Texas Ratio of 1.71% (excellent), based on June 30, 2019 data. In the past year, Solidarity has increased its total non-brokered deposits by $4.82 million, an above average annual growth rate of 2.39%. Please refer to our financial overview of Solidarity (NCUA Charter # 9923) for more details.
Formerly known as Solidarity Community Federal Credit Union, Solidarity is currently Indiana’s 24th largest credit union, with more than 27,400 members and assets in excess of $281 million.
It all started with a cigar box …
In 1954, a group of Delco Electronics employees began pooling their money to help a co-worker purchase a car. Each week, they each placed a quarter in a cigar box once until enough money had been saved to buy the car. Through solidarity, Solidarity began.
How the CD Specials Compare
When compared to 261 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Solidarity's 59-month CD Special APY currently ranks second.
When compared to 289 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Solidarity's 37-month CD Special APY currently ranks second.
When compared to 236 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Solidarity's 17-month CD Special APY currently ranks second.
The above rates are accurate as of 12/18/2019.
To search for the best nationwide CD rates and the best CD rates in your state, please refer to our CD Rates table.