Sun East Fed Credit Union Adds Rate-Leading 11-Month Jumbo CD Special

POSTED ON BY

Deal Summary: 11-month Jumbo Certificate Special, 5.75% APY, $100k minimum deposit, new money. 11-Month Certificate Special, 5.50% APY, $500 minimum deposit.

Availability: Easy membership requirement

For a limited time, Pennsylvania-based Sun East Federal Credit Union (Sun East) is offering a very competitive 11-month Jumbo Certificate Special (5.75% APY) and a competitive 11-month Certificate Special (5.50% APY). The 11-month Jumbo Certificate Special requires a minimum opening deposit of $100k of new money, which is defined as “not existing Sun East funds.” The 11-month Certificate Special does not require new money and can be opened with as little as $500.

APYMINMAXINSTITUTIONPRODUCTDETAILS
5.30%$500-Sun East Federal Credit Union11 Month High Yield CD Special - New Money
5.30%$500-Sun East Federal Credit Union11 Month High Yield IRA Special - New Money (Traditional, Roth)
Rates as of April 15, 2024.

Both Certificate Specials are available as IRA Certificate Specials (Traditional, Roth), offering the same APYs with the same deposit requirements.

Excess Share Insurance

Looking to deposit more than $250k, but concerned about deposit coverage at Sun East?

Deposits insured up to $500,000.

$250,000 by the National Credit Union Administration, a U.S. Government Agency, and $250,000 by ESI, a licensed property and casualty insurer.

Availability

Headquartered in Ashton in southeast Pennsylvania, Sun East Federal Credit Union expanded its field of membership (FOM) about four years ago. Now virtually any U.S. citizen/resident alien (18 years or older), with a valid Social Security number, can qualify for membership by joining the Sun East Charitable Foundation.

The Sun East Membership Page lists five different ways to “pre-qualify for membership.” The fifth option is “Pre-Qualify by Support.”

Support the Sun East Charitable Foundation. For a donation of only $10, you not only help worthy individuals and organizations in the greater Brandywine Valley, but you will also pre-qualify for a Sun East membership.

Joining Sun East Charitable Foundation and the credit union can be done simultaneously using the online application.

The other options to pre-qualify for membership include:

By Location: Residents of Nottingham, Oxford, and Philadelphia (Pennsylvania) or Newark and Wilmington (Delaware) qualify, with Zip Code being the final determinant.

By Family Member: Immediate family members (parent, child, spouse, sibling, grandparent, grandchild) of a current Sun East member are welcome to apply.

By Employer: Employees of more than 1,200 SEGs (drop-down menu available on membership page) also qualify for membership.

By Community: Individuals who worship, attend school, or volunteer in Nottingham, Oxford, and Philadelphia (Pennsylvania) or Newark and Wilmington (Delaware) are membership eligible.

Account Opening

Joining Sun East Federal Credit Union and/or opening an 11-month Certificate Special can be done online, or at any of six Pennsylvania branches located in Ashton, Boothwyn, Concordville, Nottingham, Springfield, and Upper Darby. There is also a branch in the Concord Gallery Shopping Center located in Wilmington, Delaware.

Already a member? Easily open a new certificate in Online Banking or the Mobile App by selecting “Add an Account/Product”; select your desired product and then follow the steps to add the new product.

Opening a Certificate Special can also be done by phone (877-5-SUNEAST, 877.578.6328).

When you join Sun East Federal Credit Union and deposit as little as $5, you become a member and shareholder of the credit union.

In addition to the branches located in southeast PA and north Delaware, Sun East is part of the,

CO-OP Shared Branching Network with nearly 30,000 surcharge-free branches and ATM locations nationwide.

Funding and Other Details

The following is from a conversation with two CSR, but I’m not 100% confident in the accuracy of the information. It shouldn’t take 20 minutes to find out what the EWP is. And you shouldn’t lecture me that a CD isn’t a checking account that I can withdraw funds from whenever I want. I ended the conversation at that point. When I called back later, I spoke with a different CSR who was as equally uninformed about CDs. There is a Depository Agreement and Disclosure document that contains pertinent information about CDs, but it can only be opened through Sun East’s online banking platform or mobile app. LSS, the following may or may not be true.

  • Funding – ACH, wire ($10 fee), check, internal transfer, or Shared Branch transaction.
  • CO-OP Shared Branch Participate – Yes.
  • Ownership – Individual, joint, or trust.
  • Early Withdrawal Penalty – 90 days dividends on the amount withdrawn; no partial withdrawals, only an early closure.
  • Dividends – Compounded daily/credited monthly and cannot be withdrawn penalty-free.
  • Maturing Funds – Automatically transferred to a Sun East savings account.
  • Beneficiaries – Unlimited and percentages can be assigned; Social Security numbers are required for all beneficiaries.
  • Grace Period – 10 calendar days before automatic renewal as a 12-month Certificate.
  • Credit Check – Hard pull when joining Sun East.

Credit Union Overview

Sun East Federal Credit Union has an overall health grade of "B+" at DepositAccounts.com, with a Texas Ratio of 9.50% (excellent) based on March 31, 2023 data. In the past year, Sun East has increased its total non-brokered deposits by $41.76 million, an excellent annual growth rate of 5.72%. Please refer to our financial overview of Sun East Federal Credit Union (NCUA Charter #6160) for more details.

Founded in 1949 as the Sun Oil Marcus Hook Federal Credit Union, Sun East Federal Credit Union is currently Pennsylvania’s 16th largest credit union, with more than 52,000 members and assets in excess of $874 million. Along with five other southeast Pennsylvania credit unions, Sun East has partial ownership in First Heritage Mortgage Services.

First Heritage Mortgage Services, LLC is a credit union-owned company that offers seamless first mortgage solutions for credit unions and financial institutions nationwide. First Heritage supports and services more than 100 partner credit unions with combined assets of more than $10 billion. Founded in 1984, First Heritage’s owners include American Heritage Credit Union, Service 1st Federal Credit Union, Erie Federal Credit Union, People First Federal Credit Union, Sun East Federal Credit Union, and Lebanon Federal Credit Union.

How the 11-Month Jumbo Certificate Special Compares

When compared to similar length-of-term CDs tracked by DepositAccounts.com that are available nationwide, no banks or credit unions have a higher rate than currently offered on the Sun East Federal Credit Union 11-Month Certificate Special, regardless of minimum deposit requirement. The following table compares the 11-Month Jumbo Certificate Special to the two highest-rate CDs from other credit unions and the two highest-rate CDs from banks.

The above information and rates are accurate as of 8/1/2023.

To search for the best CD rates, both nationwide and state-specific, please refer to our CD rates table page.

Related Pages: Philadelphia CD rates, 1-year CD rates, IRA CD rates, nationwide deals

Comments
jimdog
  |     |   Comment #1
Their financials sure don't look good to me. Looks like a financially weak CU.
Kaight
  |     |   Comment #2
Agreed. Weiss ratings just downgraded them from B to C in the space of just a single quarter!
Robb
  |     |   Comment #3
Sharonview was a C for a good while now down to a D+. I remember some concern from others about 65 months back when that 64 month CD came out. You just never know how these ratings will play out.
Sun East Federal Credit Union Offers Rate-Leading Short-Term CDs
Deal Summary: 6-month Certificate Special, 4.00% APY, $1.5k minimum deposit. 9-Month Summer Savings Certificate Special, 4.00% APY, $500 minimum deposit.

Availability: Easy membership requirement

Two weeks ago, I wrote about the 6-month Appreciation Certificate (4.00% APY) offered by Pennsylvania-based Sun East Federal Credit Union (Sun East). While the rate was quite competitive, the Appreciation Certificated was only available to existing members and required at least 50% of new money. The 4.00% APY is still in effect, but the 6-month Appreciation Certificate is now the 6-month...

Continue Reading
Sun East Federal Credit Union Adds Competitive Short-Term CD Specials
UPDATE 8/31/2022: 6-month Certificate now available to current and existing members. New money requirement dropped.

Deal Summary: 6-month Appreciation Certificate, 4.00% APY, $1.5k minimum deposit, at least 50% of new money, existing members only. 12-Month Certificate Special, 3.00% APY, $500 minimum deposit, existing and new members, existing and new money.

Availability: Easy membership requirement

Pennsylvania-based Sun East Federal Credit Union (Sun East) has added four limited-time CD specials, two of which offer quite competitive rates.

6-month Appreciation Certificate

  • Only existing members (as of...
Continue Reading
Sun East Federal Credit Union Has 19-Month CD Special, 2.25% APY
Deal Summary: 19-month CD Special, 2.25% APY, $500 minimum deposit.

Availability: Easy membership requirement

Pennsylvania-based Sun East Federal Credit Union (Sun East) is currently offering a 19-month CD Special earning 2.25% APY. The minimum deposit is $500, with no stated balance cap.

The 19-month CD Special is also offered as an IRA (Traditional, Roth), earning the same APY with the same funding requirements.

Sun East’s website doesn’t provide a lot of documentation, so the following information was provided by a CSR.

  • The Early Withdrawal Penalty for...
Continue Reading
Sun East Federal Credit Union Adds MAX-Yield MMA, 2.20% APY
Deal Summary: MAX-Yield Money Market Account, 2.20% APY, 13-month rate guarantee, $5k min/$250k max deposit, new money.

Availability: Easy membership requirement

Pennsylvania-based Sun East Federal Credit Union (Sun East) started September by offering a new version of its MAX-Yield Money Market Account. The latest MAX-Yield MMA earns 2.20% APY (guaranteed for 13 months following account opening) on balances between $5k and $250k. The minimum opening deposit is $5k of new money, defined as not being “existing Sun East Funds or Sun East transferred funds.”

Continue Reading
Sun East Fed Credit Union Offers 27-Month CD Special, EXPIRED
UPDATE 12/26/2018: 27-month CD Special is no longer available.

Deal Summary: 27-month CD Special, 3.50% APY, $500 minimum deposit, new money.

Availability: Easy membership requirement

Many thanks to DA reader, QED, for posting in the Forum that Sun East Federal Credit Union (Sun East) has recently become an easy membership requirement credit union. This is great news because now virtually all DA readers are eligible to open Sun East’s 27-month CD Special (3.50% APY). The minimum deposit is $500 of new money, with no...

Continue Reading

More Past Offers



The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.