Texasgulf FCU's 60-Month CD Reaches New High


Deal Summary: 60-Month Share Certificate, 3.00% APY, $500 minimum deposit

Availability: Residents of Wharton County, Texas

Texasgulf Federal Credit Union (Texasgulf FCU) began February by raising the rate on its 60-month Share Certificate (3.00% APY) by 95 basis points. The minimum deposit is $500, with no stated balance cap.

Added to the product line only 18 months ago, the 60-month Share Certificate’s APY held steady at 2.05% for the past 17 months.

The 60-month Share Certificate is also available as an IRA (Traditional, Roth, SEP), earning the same APY with the same funding requirements.

As stated in the Truth In Savings document, the Early Withdrawal Penalty reads as follows:

The penalty will be a loss of three (3) months dividend.


Headquartered in Wharton, Texasgulf Federal Credit Union’s field of membership (FOM) is residency based, with individuals who live, work, worship, or attend school in Wharton County, Texas, eligible for membership.

Family members of current Texasgulf FCU members also qualify for membership, regardless of residency.

Joining Texasgulf FCU and/or opening a Share Certificate must be done at either of two Texas full-service branches, located in El Campo and Wharton.

If you’re eligible for membership and do not live in Wharton County, you may
request the membership opening materials to be sent to you by mail, fax, or email.

Texasgulf FCU’s online platform is currently limited to account management and bill payment services.

Credit Union Overview

Texasgulf Federal Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas ratio of 4.84% (excellent) based on September 30, 2016 data. In the past year, Texasgulf FCU increased its total non-brokered deposits by $6.03 million, an excellent annual growth rate of 7.87%. Please refer to our financial overview of Texasgulf Federal Credit Union (NCUA Charter # 2322) for more details.

Texasgulf Federal Credit Union chartered in 1937 for the benefit of the employees of Texasgulf Sulphur Company, in New Gulf, Texas. The FOM remained unchanged for 55 years, but the depletion of the sulphur reserves (and subsequent Company revenue losses) led to a FOM expansion. In 1992, the charter was changed to a Community Charter, making all Wharton County residents membership eligible.

How the Share Certificate Compares

When compared to the 239 similar length-of-term CDs tracked by DepositAccounts.com, with similar minimum deposit requirements and available within the FOM, Texasgulf Federal Credit Union’s 60-month Share Certificate APY currently ranks first.

*Note: Melrose Credit Union is currently operating under an NCUA conservatorship.

The above rates are accurate as of 2/17/2017.

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

  |     |   Comment #1
Ain't worth moving to Texas for. But, it's a good sign.  A full 1% rate hike is kinda weird. Let's see how long it lasts.

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.