Space City Credit Union (TX) Offers 3.04% APY On 5-Year Jumbo CD


Deal Summary: 5-year Jumbo Certificate, 3.04% APY, $50k minimum deposit.

Availability: Houston area; 70+ SEGs

Texas-based Space City Credit Union (Space City CU) has been offering 3.04% APY on its 5-year Jumbo Certificate for the past 15 months. The minimum opening deposit is $50k, with no stated balance cap. (There is a “regular” version of the 5-year Certificate, but it only earns 2.79% APY.)

The Jumbo Certificate is also available as an IRA (Traditional, Roth), earning the same APY with the same funding requirements.

As stated on Space City CU’s Deposit Rates page, the Early Withdrawal Penalty reads as follows:

The early withdrawal penalty for certificates of deposit is the greater of $25.00, or 50% of the dividends that would have been earned on the amount withdrawn (over the remainder of the certificate’s term).

Excess Share Insurance

Deposits at Space City CU 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 Houston, Space City Credit Union’s field of membership (FOM) offers a variety of ways for Houston area residents to join:

Residency - Individuals who live, work, worship, or attend school within a 10-mile radius of the Houston main branch or the La Porte branch are eligible to join. The Credit Union’s website has a map to help determine your eligibility.

Employment - Employees, annuitants, or retirees of more than 70 SEGs, including Stewart & Stevenson and General Electric Power and Water, qualify for membership.

Relationship - Membership is also extended to current members’ "entire family by blood or marriage," which is defined as "aunts, uncles, cousins, sons, daughters, in-laws, grandparents, and spouses."

Joining Space City CU and/or opening a Certificate can be done online, or at any of four Texas branches located in Houston (3) and La Porte.

Once you establish a basic savings account with a $5.00 minimum deposit,
you are eligible to apply for any other products or services Space City CU offers.

Space City CU participates in the CO-OP Shared Branch network.

California, Colorado, Georgia ... it doesn't matter where
you work or live, we've probably got a location near you.

Credit Union Overview

Space City Credit Union has an overall health grade of "B+" at, with a Texas Ratio of 3.98% (excellent) based on June 30, 2019 data. In the past year, Space City CU has increased its total deposits by $289k, an above average annual growth rate of 0.39%. Please refer to our financial overview of Space City Credit Union (NCUA Charter # 61135) for more details.

Space City Credit Union was chartered in 1965 as the Stewart & Stevenson (S&S) Credit Union. (A Houston-based company, Stewart & Stevenson has been designing and manufacturing specialized equipment since 1902.) S&S Credit Union changed its name to Space City Credit Union in 2004 to better reflect the expanding field of membership. Two mergers in 2012 (HHA FCU of Houston and Independence Parkway FCU of La Porte) nearly doubled the size of Space City CU. More recently, the Houston Musicians FCU became part of Space City CU in 2018.

How the Jumbo Certificate Compares

When compared to 266 similar length-of-term CDs tracked by that are available within the FOM, Space City Credit Union's 5-year Jumbo Certificate APY currently ranks first, regardless of minimum deposit requirements.

The above rates are accurate as of 11/26/2019.

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

Related Pages: Houston CD rates, 5-year CD rates

Space City CU (TX) Has Limited-Time 2-Year CD Special
Deal Summary: 2-year Certificate Special, 2.01% APY, new money, $2k minimum deposit, offered through July 31, 2017.

Availability: Houston area; 70+ SEGs

Now through July 31, 2017, Space City Credit Union (Space City CU) is offering a 2-year Certificate Special (2.01% APY). The minimum opening deposit is $2k of new money, with no stated balance cap.

This limit-time Certificate Special is also available as an IRA (Traditional, Roth), earning the same APY with the same funding requirements.

As stated on Space City CU’s Rates page, the Early Withdrawal...

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Space City CU (TX) Adds Series Of Certificate Specials

UPDATE 5/16/16: Many thanks to Nikki Moore, Executive Vice President of Space City Credit Union, for clarifying the EWP information in her comment below, and for adding it to Space City CU’s Rate page. I have also incorporated the EWP into this blog post.

Availability: Houston area; 70+ SEGs

Earlier this week, Space City Credit Union (Space City CU) added a series of Certificate Specials to its product line, with the 4-year Certificate Special (2.01% APY) and 5-year Certificate Special (2.26% APY) being the most competitive. The minimum...

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Top Long-Term CD Rates at Space City Credit Union in Houston

Space City Credit Union is offering very competitive long-term CD and IRA CD rates. The best one is the 5-year CD which has a 2.53% APY. Its 4-year CD is also competitive with a 2.02% APY. These rates are listed in the credit union rates page as of 4/23/2012.

For those with IRAs who don't want to lock into a long-term CD, the credit union has a top yield of 1.51% APY for its IRA savings account.

Membership is open to those who live, work, worship or attend school within a 10...

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5.28% 12-Month / 5.05% 24-Month at a Texas CU (Soltex).
Soltex Federal Credit Union continues to offer high yields on its certificates. The yields for the 6, 12 and 24 month certificates are 5.15% APY, 5.28% APY and 5.05% APY. These same rates are also available as an IRA certificate. The front page had a July 2007 date, so I called and confirmed that these rates are still available as of today (1/08/2008). The customer service rep said these rates have held since July, but they may change at any day in the future.

Membership is open to anyone who lives,...

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