At the end of last week, Tinker Federal Credit Union (TFCU) added a 33-Month Special Term Share Certificate, which earns 3.35% APY. This limited-time offer requires a $1k minimum deposit, with no stated balance cap.
The Special Term Share Certificate is also available as an IRA (Traditional, Roth, CESA) earning the same APY with the same funding requirements.
As stated on the Current Savings Rates page, the Early Withdrawal Penalty is a "180-day early withdrawal penalty."
Headquartered in Oklahoma City, Tinker Federal Credit Union’s Membership page states, “There are over 700 ways to qualify for membership at Tinker Federal Credit Union!” Here are just a few ways to qualify:
Residency – Individuals who live, work, worship, or attend school in the Oklahoma counties of Payne, Pontotoc, and Seminole, or the Oklahoma City’s Empowerment Zone are eligible to join.
Business Partners – Employees and members of the more than 800 Business Partners qualify for membership.
Government Employment – Elected officials and employees of the cities of Ada, Arcadia, Del City, Edmond, Enid, Luther, Moore, Norman, Nash, Yukon, or Garfield County or Cleveland County are welcome to apply.
Military Relationship – Military or civilian personnel of the U.S. Government assigned to Tinker Air Force Base or Vance Air Force Base are eligible for membership.
Family Relationship – Immediate family (spouse, child, sibling, parent, grandchild, including “steps” and adoptive) of current TFCU members or membership-eligible individuals qualify for membership.
More information is available on TFCU’s Membership page.
Joining TFCU and/or opening a Special Term Share Certificate can be done online or at any of 31 full-service Oklahoma branches, located in Ada, Bethany, Edmond (2), Enid (2), Midwest City (2), Moore, Norman (2), Oklahoma City (12), Seminole, Shawnee, Stillwater, Tinker AFB (2), Tulsa (2), and Yukon.
Credit Union Overview
Tinker Federal Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 3.61% (excellent), based on June 30, 2017 data. In the past year, TFCU increased its total non-brokered deposit by $101.97 million, an excellent annual growth rate of 3.1%. Please refer to our financial overview of Tinker Federal Credit Union (NCUA Charter # 24524) for more details.
Tinker Federal Credit Union is Oklahoma’s largest credit union, with more than 372,600 members and assets in excess of $3.8 billion. What began in 1946 as a small credit union for Tinker Field (U.S. Air Force Base) civilian employees, has grown into the nation’s 53rd largest credit union.
According to a Credit Union Times January 2018 article,
Oklahoma’s largest credit union helped police bust an auto loan fraud scheme that involved 22 people.
Employees responsible for due diligence on loan applications at the $3.7 billion Tinker Federal Credit Union in Oklahoma City initially detected that several people allegedly applied for car loans with fraudulent information from April 2016 to September 2016.
Tinker handed over its information to the Tulsa Police Department, which investigated the bogus car loan applications and began arresting 22 suspects last week.
How the Special Term Share Certificate Compares
When compared to 241 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Tinker Federal Credit Union's 33-month Special Term Share Certificate APY currently ranks first.
The above rates are accurate as of 10/8/2018.
Searching for the best CD rates, either nationwide or state specific? Please refer to our CD Rates Table page.