Truity Credit Union 35-Month CD Rate Is Near The Top
Oklahoma-based Truity Credit Union (Truity) is currently offering 1.00% APY on its 35-month Share Certificate. The minimum deposit is $500, with no stated balance cap.
The 35-month Share Certificate is also offered as an IRA Certificate (Traditional), earning the same APY with the same deposit requirements.
As stated on Truity’s Certificates page, the Early Withdrawal Penalty reads as follows:
Share Certificates and HSA Certificates with terms greater than
24 months will forfeit 182 days of dividends whether earned or unearned.
According to CSR, partial withdrawals are allowed, as long as a minimum $500 balance is maintained. Dividends are compounded/credited quarterly and can remain on deposit in the Share Certificate or transferred to a Truity Share Savings account.
$100 Checking Account Bonus
Truity is offering a $100 bonus for opening one of its two checking accounts (Preferred or Advantage). The bonus is scheduled to expire on 9/30/2021. The offer code 100CHECKING must be used in the application. Only households without a Truity checking account qualify. More bonus and checking details are provided at Truity's checking page.
Headquartered in Bartlesville, Oklahoma, Truity Credit Union’s field of membership (FOM) seems slightly disjointed, but the Credit Union’s roots in the oil and gas industry is the main unifying factor.
Easy Membership: Residents of Bartlesville (OK), Lawrence (KS), and Houston (TX) who join the Truity Education Foundation, Inc. ($25 fee), qualify for membership.
Employment/Affiliation: Employees and members of more than 270 Community Partners (including ConocoPhillips, General Dynamics, Phillips 66, Tyson Foods, and the University of Kansas) are membership eligible. While the vast majority of the Community Partners are located in Truity’s Bartlesville, Lawrence, and Houston market areas, employees of ConocoPhillips and Phillips66 outside those three market areas are also eligible to join.
Relationship: Immediate family members (spouse, child, parent, sibling, grandchild, grandparent, including step and adoptive) of current Truity CU members are also eligible to join, as are individuals “living in the same residence maintaining a single economic unit” with a current Truity CU member.
Joining Truity can be done online or at any of seven full-service branches located in Bartlesville (OK), Houston (TX), and Lawrence (KS). Appointments are available and can be scheduled online.
Lobby or virtual appointments are limited to complex transactions, such as establishing new membership or accounts, accessing safe deposit boxes or help with applying for a loan. Meanwhile, our drive-thru services and Call Center remain open for all teller-related transactions.
Once a membership has been established, a Share Certificate can be opened at any of the above-mentioned branch locations, by phone (800.897.6991), or by accessing Truity’s online banking platform to add an additional account.
A $25 minimum deposit in Share Savings account establishes a new Truity membership.
Truity participates in the CO-OP Shared Branch network, giving members access to more than 5,600 shared branches at 3,500 credit unions nationwide.
Don't live near a branch? Visit a Shared Branch & perform most transactions!
Credit Union Overview
Truity Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 2.75% (excellent) based on March 31, 2021 data. In the past year, Truity has increased its total non-brokered deposits by $101.24 million, an excellent annual growth rate of 12.58%. Please refer to our financial overview of Truity Credit Union (NCUA Charter # 3130) for more details.
Currently, Truity is the fifth largest credit union headquartered in Oklahoma, Truity Credit Union has nearly 70,000 members and assets in excess of $1 billion. The Credit Union was established in 1939 by the Jane Phillips Sorority in Bartlesville, and became known as the 66 Federal Credit Union.
Mildred Hunt was the first treasurer and she conducted credit union business at her desk in the pipeline department at Phillips Petroleum Company during her lunch break and after hours. At that time a single quarter opened a savings account which allowed members to obtain unsecured loans up to $50.
The Truity re-brand occurred in 2013 to help convey that Phillips Petroleum Company and ConocoPhillips were not the only two employee groups served by the Credit Union, and “help position the Credit Union for future growth and financial strength.” In case you were wondering, “Truity” is a manufactured word, combining trust and integrity.
How the Share Certificate Compares
When compared to the other similar length-of-term CDs tracked by DepositAccounts.com, requiring a similar minimum deposit and available within the FOM, Truity Credit Union’s 35-month Share Certificate APY currently ranks second.
The above rates are accurate as of 8/20/2021.
To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table