UNIFY Financial Credit Union Unveils 15-Month Certificate Special


Deal Summary: 15-month Share Certificate, 5.00% APY, $500 minimum, new money, one additional deposit within 30 days of opening.

Availability: Easy membership requirement

California-based UNIFY Financial Credit Union (UNIFY) is helping you with your New Year’s resolution to increase your savings with a 15-month Share Certificate earning 5.00% APY. In addition to the competitive rate, the 15-month Share Certificate also offers one additional deposit (no dollar amount limit) within 30 days of account opening. The minimum opening deposit is $500 of new money, which is defined as funds “not on deposit with UNIFY currently or within the past 30 days.” This limited-time offer is “subject to change without notice and may end at any time."

As stated in the Truth-in-Savings disclosure, the Early Withdrawal Penalty reads as follows:

For Share Certificate accounts, the amount of the early withdrawal penalty for your account is up to 90 days’ dividends.

In other words, if the account has been open for more than 90 days, you will forfeit 90 days of dividends. If the account has been opened 90 days or less, you would forfeit any dividends earned since account opening. Penalty will not reduce your principal.

Thanks to DA reader, RBB, for his Forum post about UNIFY's latest CD Special. And a special thanks to all the DA readers who made so many great comments.


Headquartered in Torrance, California, UNIFY Financial Credit Union’s field of membership (FOM) is varied, with U.S. citizens and permanent residents qualifying for membership through residency, employment, or organization membership.

Easy Membership: Individuals who join the Friends of Hobbs (a non-profit state park) qualify for UNIFY membership. According to UNIFY’s online application, “We pay your contribution to Friends of Hobbs.”

Employment: Hundreds of companies throughout the US offer membership in UNIFY as part of their employee benefits package, including Toyota and Northrop Grumman.

Residency: Individuals who live, work, worship, or attend school in select areas of 16 states are also eligible for membership. UNIFY’s website used to have a "Search for your Zip Code" page to help determine eligibility, but that page no longer exists. UNIFY does, however, offer "Live Chat" on their website to assist in clarifying eligibility status.

Relationship: Immediate family members of current UNIFY members are automatically eligible for membership.

Account Opening

Joining UNIFY and/or opening a 15-month Share Certificate can be done online or at any of 45 full-service branches located in Alabama, Arkansas (6), Arizona, California (19), Florida, Georgia (2), Indiana, Kentucky (2), Michigan, Mississippi, New Jersey, Pennsylvania, Tennessee, Texas (5), Virginia, and West Virginia.

Current UNIFY members can open the 15-month Share Certificate by using UNIFY’s ebanking platform.

As a condition of membership, a Regular Savings Account ($5 minimum) must be opened and maintained. A $200 minimum average daily balance is required to earn dividends. Should the monthly balance fall below $200, a $1 fee will assessed and all dividends will be forfeited.

In addition to participating in the CO-OP Shared Branch and ATM networks,

members can find an ATM just about anywhere. Just look for the Alliance One,
Allpoint, CO-OP or CUHere logos, and you’re good to go … surcharge-free.

Funding and Other Details

The following information is from a Live Chat.

  • Funding – ACH ($54k max deposit when opening online), wire, check.
  • Additional Deposit – can be made online, in-branch, or by mail (ACH, wire, or check).
  • CO-OP Shared Branch Participant – Yes.
  • Dividends – Compounded/credited monthly, but dividends cannot be withdrawn (Update: Readers confirmed that dividends can be withdrawn.)
  • Maturing Funds – Wire ($25 fee), ACH*, cashier’s check to address on file, or internal transfer to savings or checking account.
  • Beneficiaries – Unlimited, equal shares, Social Security numbers required.
  • Grace Period – 10 calendar days before automatic renewal as a 12-month CD.
  • Credit Check – None.

*UNIFY limits outgoing ACH transfers to $5k per month, even if the ACH is initiated by an external financial institution.

Credit Union Overview

UNIFY Financial Credit Union has an overall health grade of "B+" at DepositAccounts.com, with a Texas Ratio of 7.63% (excellent) based on September 30, 2022 data. In the past year, UNIFY has increased its total non-brokered deposits by $167.64 million, an excellent annual growth rate of 5.52%. Please refer to our financial overview of UNIFY Financial Credit Union (NCUA Charter # 15732) for more details.

Established in the late 1940s as the Western Air Credit Union, UNIFY Financial Credit Union is currently the sixth largest credit union headquartered in California and the 96th largest credit union in the country. When Western Airlines merged into Delta Airline in the 1980s, the credit union became known as simply Western Credit Union and rebranded as UNIFY in 2016. As a result of several mergers (including TRW Systems FCU in 2003 and Toyota FCU in 2007) over the past 18 years, UNIFY has grown to nearly 293,000 members and assets in excess of $4.1 billion.

How the 15-Month Share Certificate Compares

When compared to similar length-of-term CDs tracked by DepositAccounts.com that are available nationwide and have minimum deposit requirements of $10k or less, only one credit union has a higher rate than currently offered on the UNIFY Financial Credit Union 15-month Share Certificate. The following table compares the 15-month Share Certificate to the two highest-rate CDs from other credit unions and the two highest-rate CDs from banks.

The above information and rates are accurate as of 1/12/2023.

To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: 1-year CD rates, nationwide deals

  |     |   Comment #1
Note - Unify has a disclosure statement for this 15 month offer which they'll email you if you request it from a chat agent. The only thing I see on it different than the chat info posted here is the ability to take dividends out penalty free. Here's the disclosure section on that topic (last sentence):

6. TRANSACTION LIMITATIONS — One (1) additional deposit is permitted during the first 30 days of account opening. No subsequent deposits are permitted until the maturity date. You may make withdrawals of principal subject to the early withdrawal penalties stated below. Withdrawals of dividends are not subject to penalty.
  |     |   Comment #2
I spoke to CSR and verified that dividends can be withdrawn monthly and deposited into a checking or savings account, penalty free. Ken, will you update that dividends can be withdrawn. Thank you!
Ken Tumin
  |     |   Comment #3
Thanks Blade & SouthernGirl. I've updated the post.
  |     |   Comment #12
EWP and dividend: I contacted Unify via phone and chat and was informed that dividend must be kept in cert and could not be withdrawn without EWP. I raised #6 in disclosure which I also received but was told that it was an error! So anyone who would like to open this cert be aware.
  |     |   Comment #4
I have an existing membership and a savings account with Unify and was declined trying to open this certificate due to Chex.
  |     |   Comment #5
I've seen other reports from people here saying something like this happened to them at other FIs, but never had it happen to me anywhere. Must be something on there they don't like such as negative balances, bounced checks, etc. If you are not aware of anything negative that would be on there you can take a look at your Chex record and challenge anything that is inaccurate. But if there is negative activity like that that is accurate there isn't much you can do about it except avoid further issues and give it enough time to fade and roll off the report (which could be up to 5-7 years from the negative report date to be completely removed).
  |     |   Comment #6
Looked at my chex and no negative items. Many accounts opened though.
  |     |   Comment #7
Apparently that is something that some FIs don't like. It has come up before.

I have many accounts, but have never had this issue yet. Eventually maybe I will encounter it.
  |     |   Comment #8
I had the same issue with Chex. I was turned down by Northpoint for having too many inquiries for opening CDs during the last interest rate cycle, even though my credit score was 850.

This rate cycle I opted to open only brokered CDs or only with my existing FIs like Navy.
  |     |   Comment #9
Since you are a member, have you tried calling Unify Financial CU to open the account?
Please give us an update.
  |     |   Comment #10
Yes I did. They said someone will call me back. Still waiting.
#11 - This comment has been removed for violating our comment policy.
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