Wisconsin-based Thrivent Federal Credit Union (TFCU) has two very competitive long-term Share Certificates: 60-month (3.25% APY) and 48-month (3.05% APY). The minimum opening deposit for either Share Certificate is $1k, with no stated balance cap.
As stated in the Service Fees brochure, the Early Withdrawal Penalty reads as follows:
Terms of 30 months to 60 months: 365 days’ dividend.
Funding a Share Certificate can be done by ACH, wire transfer, or check. There is a ten-day grace period before a Share Certificate automatically renews. Maturing funds will be distributed by cashier’s check or transferred to an existing TFCU checking/savings account.
Headquartered in Appleton, Wisconsin, Utah, Thrivent Federal Credit Union has one of the more unique field of membership (FOM): according to the online application, anyone who is “a Christian, seeking to live out my faith” can qualify for membership by joining Thrivent Financial, a membership organization of Christians.
Founded in 1902 as the Aid Association for Lutherans, Thrivent Financial’s membership was expanded in 2013 to include all Christian denominations. Applying for Thrivent Financial membership can be done online or by downloading the application and returning it by mail. An associate membership at Thrivent Financial carries an annual $19.95 fee.
Businesses and organizations that are affiliated with nine Lutheran church bodies are also eligible to join TFCU.
The TFCU Membership Account is the savings account that establishes TFCU membership. There is no minimum deposit requirement, but a minimum $25 balance is required to earn dividends.
TFCU funds the initial $1 required for membership, and then you
must maintain at least the par value of one share ($1) in the credit union.
TFCU recently joined the CO-OP Shared Branching, giving its members access to more than 5,000 shared branches and nearly ATMs throughout the country.
Credit Union Overview
Thrivent Federal Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 1.77% (excellent) based on March 31, 2019 data. In the past year, TFCU has increased its total non-brokered deposits by $29.8 million, an excellent annual growth rate of 6.36%. Please refer to our financial overview of Thrivent Federal Credit Union (NCUA Charter # 24849) for more details.
Thrivent Federal Credit Union is one of the largest faith-based credit union in the country. As the 15th largest credit union headquartered in Wisconsin, TFCU has more than 58,200 members and assets in excess of $609 million.
How the Share Certificates Compares
When compared to 169 similar length-of-term CDs tracked by DepositAccounts.com, which require a similar minimum deposit and are available nationwide, Thrivent Federal Credit Union’s 60-month Share Certificate APY currently ranks second.
When compared to 163 similar length-of-term CDs tracked by DepositAccounts.com, which require a similar minimum deposit and are available nationwide, Thrivent Federal Credit Union’s 48-month Share Certificate APY currently ranks second.
The above rates are accurate as of 7/15/2019.
To look for the best CD rates, either nationwide or state-specific, please refer to our CD Rates Table page.