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certificates of deposit is the greater of $25.00, or 50% of the dividends that would have been earned on the amount withdrawn (over the remainder of the certificate’s term).


Headquartered in Houston, Space City Credit Union’s field of membership (FOM) offers a variety of ways 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. There is a map on the Credit Union’s website to help determine your eligibility.

Employment - Employees, annuitants, or retirees of more than 70 SEGs, including Stewart & Stevenson and General Electric, 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 Special can be done online, or in-person at either of two full-service branches located in Downtown Houston and La Porte.

Credit Union Overview

Space City Credit Union has an overall health grade of "B+" at, with a Texas Ratio of 5.63% (excellent) based on March 31, 2017 data. In the past year, Space City CU has increased its total deposits by $7.57 million, an excellent annual growth rate of 12.12%. 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. (Stewart & Stevenson is a Houston-based company that 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, which today has more than 7,900 members and assets in excess of $80 million.

How the Certificate Special Compares

When compared to the 291 similar length-of-term CDs tracked by that available within the FOM, Space City Credit Union's 2-year Certificate Special currently ranks first.

The above rates are accurate as of 7/13/2017.

To look for the best CD rates, both nationwide and state specific, please refer to our CD rates table, or our new Rates Map page.

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

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

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