True Sky Credit Union (True Sky CU) is currently offering an 18-month CD Special, earning 2.75% APY. The minimum deposit is $1k, with no stated balance cap.
The 18-month CD was added to True Sky CU’s product line in late October. At that time, its 2.75% APY was just high enough to be included in DA’s bi-weekly CD Rates Summary. This week, that same 2.75% APY would be in the upper half of the Local 18-month CD category in the CD Rates Summary.
In a Live Chat, CSR stated that the Early Withdrawal Penalty is “180 days worth of interest from the amount withdrawn.” CSR confirmed that partial withdrawals are permitted, “as long as the amount remaining is not less than the minimum requirement of $1000.00."
Headquartered in Oklahoma City, True Sky Credit Union’s field of membership (FOM) is residency-based, with individuals who live, work, or attend school in the Oklahoma counties of Canadian, Cleveland, Grady, Lincoln, Logan, McClain, Oklahoma, or Pottawatomie eligible for membership.
The Membership Application can also be downloaded and returned by snail-mail, or brought to any of the above mentioned branch locations.
At True Sky Credit Union, all members are shareholders. Open a savings account with
as little as $5 to become a member of one of the largest credit unions in Oklahoma.
While applying for loans and mortgages can be done online, opening CD requires a visit to any of the above-mentioned branch locations.
True Sky CU participates in the CO-OP Shared Branch Network, providing its members with access to more than 5,000 branches and nearly 30,000 ATMs across the country.
True Sky Credit Union has eight branch locations as well as being part of the
Credit Union Shared CO-OP, so no matter where you are, we're always close.
Credit Union Overview
True Sky Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 2.49% (excellent) based on March 31, 2019 data. In the past year, True Sky CU has increased its total non-brokered deposits by $15.26 million, an above average annual growth rate of 2.85%. Please refer to our financial overview of True Sky Credit Union (NCUA Charter # 62568) for more details.
Like so many credit unions, True Sky Credit Union was founded to assist a group of employees help each other with their financial needs. The founding name in 1946 was CAA (Department of Commerce Civil Aeronautics Administration) Employees Credit Union, and was changed to FAA (Federal Aviation Administration) Credit Union in the 1950s, as the Federal Government consolidated the CAA Department with the FAA. A community charter was adopted in 1997, extending membership to residents of the counties surrounding the Oklahoma City Metro area. The True Sky re-brand occurred in July 2016, as the FOM continued to expand. True Sky Credit Union is currently Oklahoma’s seventh largest credit union, with more than 52,600 members and assets in excess of $612 million.
How the CD Special Compares
When compared to 200 similar length-of-term CDs tracked by DepositAccounts.com, requiring similar minimum deposit and available within the FOM, True Sky Credit Union’s 18-Month CD Special APY currently ranks first.
The above rates are accurate as of 8/29/2019.
To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.