Sooper Credit Union's 20-Month CD Offers "Sooper" 3.00% APY

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Deal Summary: 20-month CD Special, 3.00% APY, $500 minimum

Availability: Easy membership for Colorado residents.

Sooper Credit Union (Sooper CU) is currently offering three shorter-term CDs Specials (15-, 17-, and 20-month), with the 20-month having the most competitive rate – 3.00% APY. The minimum opening deposit is $500, with essentially no maximum deposit (Sooper CU lists a max of $99,999,999.99). Unlike Sooper CU’s regular CDs that have tiered APYs, the 20-month CD Special earns 3.00% APY on all deposit levels.

The CD Specials are also available as IRAs, (Traditional and Roth), earning the same APYs with the same funding requirements.

As stated on the Sooper CD Rate page, the Early Withdrawal Penalty reads as follows:

If a CD product is redeemed prior to the date of
maturity, the penalty assessed is 90 days of interest.

According to CSR, no partial withdrawals are allowed, only early closures.

Availability

Headquartered in Arvada, Colorado, Sooper Credit Union’s field of membership (FOM) offers easy membership to all Colorado residents through Consumers United ($5 yearly or $25 lifetime membership).

Individuals who live, work, or worship in the city of Aravada qualify for membership, as do those who are age 55 or older and live within 25 miles of a Sooper CU branch.

Employees of more than 400 Sooper CU Partners, including King Soopers and City Market, are also eligible to join.

Joining Soopers CU can be done online, or at any of six Colorado branches located in Arvada (2), Aurora, Colorado Springs, Grand Junction, and Lakewood. Only U.S. citizens can open an account online; non-citizens must open an account in-branch.

I also understand that a share savings account with a minimum of $5.00 is also a requirement of membership and that I am limited to only one checking account per membership.

Following submission of an online membership application, Sooper CU will contact you to confirm all the information. At that time, you can open a CD over the phone.

Sooper CU is a participating member in the CO-OP Shared Branching Network. With shared branching,

Credit unions from all over the country share facilities to give members thousands of convenient locations to perform transactions just as if they were in their home credit union.

Credit Union Overview

Sooper Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 1.01% (excellent) based on December 31, 2018 data. In the past year, Sooper CU has increased its total non-brokered deposits by $22.25 million, an excellent annual growth rate of 7.15%. Please refer to our financial overview of Sooper Credit Union (NCUA Charter # 62776) for more details.

Founded in 1951 by eight King Soopers Employees with only $157, Sooper Credit Union is currently Colorado’s eleventh largest credit union, with nearly 35,000 members and assets in excess of $388 million. In January 2009, the Sooper CU Board of Directors established the SCU Community Foundation.

Each year, the SCU Community Foundation provides $10,000 in scholarships to young members of the credit union to assist in furthering their education. The Foundation also assists many community organizations, such as food banks, sponsors events, and supports a variety of shelters in the metro area.

How the CD Special Compare

When compared to 231 similar length-of-term CDs tracked by DepositAccounts.com, which are available within the FOM and require a minimum deposit between $500 and $10k, Sooper Credit Union's 20-month CD Special APY currently ranks second.

The above rates are accurate as of 4/29/2019.

To look for the best CD rates, both nationwide and in your state, please refer to our CD Rates Table page.

Related Pages: Denver CD rates, Colorado Springs CD rates, Grand Junction CD rates, 1-year CD rates, 5-year CD rates

Comments


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Bob
Bob   |     |   Comment #2
As of 6/1/2019, this is no longer on their web site.
High-Yield Reward Checking Account at Sooper Credit Union in Colorado - Local Only

Update 6/1/11: The rate and balance cap has fallen. Refer to the bottom of the post for the rate history.

Sooper Credit Union is offering a rewards checking account with the following rates and features if certain monthly requirements are met:

  • 3.25% APY on balances up to $15,000
  • 1.01% on portion of balances above $15,000
  • 0.05% base rate if qualifications are not met
  • Refunds ATM fees nationwide up to $25 per cycle and $4.99 per transaction

The monthly requirements include:

  • 15 check card purchases
  • One direct deposit
  • Receive electronic statements

There are no monthly fees or minimum balance requirements regardless...

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