United Federal CU Raises Rate On 55-Month CD Special


Availability: Easy membership

United Federal Credit Union (UFCU) began the month by raising the rates on its 55-month Share Certificate (CD) Special: 2.35% APY with an Interest Plus Checking (IPC) account throughout the term of the CD Special, and 2.20% APY without an IPC account.

The minimum opening deposit on this limited-time offering is $500, with no balance cap.

2.00%$500-United Federal Credit Union55 Month CD Special w/ IPC Checking
2.00%$500-United Federal Credit Union55 Month IRA Special w/ IPC Checking
1.85%$500-United Federal Credit Union55 Month CD Special
1.85%$500-United Federal Credit Union55 Month IRA Special
Accounts mentioned in this post. Rates as of December 5, 2016.

The 55-month CD Special is also available as an IRA (Traditional), earning the same APYs and with the same funding and relationship requirements.

As stated in UFCU’s Terms and Conditions document, the Early Withdrawal Penalty reads as follows:

If your account has an original maturity of one year or more - the penalty we may impose will equal 12 months dividends on the amount withdrawn subject to the penalty and may go into the principal balance.

Interest Plus Checking

UFCU’s Interest Plus Checking account earns 1.25% APY on qualifying balances up to $25K, with qualifying balances over $25K earning 0.10% APY. Qualification requirements are:

  • Be enrolled in eStatements,
  • Have one direct deposit or one ACH per month, and
  • Complete at least ten debit card "swipe and sign" purchases.


United Federal Credit Union has a brick-and-mortar presence in six states (Arkansas, Indiana, Michigan, Nevada, North Carolina, and Ohio), but offers its services and product lines nationwide to U.S. Citizens and Resident Aliens, 18 years and older.

Easy Membership: By joining the American Consumer Council, you are eligible for UFCU membership.

Residency: Individuals who live, work, worship or attend school in certain counties/townships near UFCU branch locations are eligible for membership.

Employment: Individuals who work for, or are retired from one of UFCU’s more than 900 Corporate Members, are eligible for membership.

Relationship: Immediate family members of current UFCU members are eligible to join.

Complete details concerning membership eligibility are available on the Three Ways to Join page.

Joining United Federal Credit Union and/or opening a CD Special can be done online, at any of 28 branches located in Arkansas (5), Indiana (1), Michigan (11), North Carolina (3), Nevada (6), and Ohio (2), or by phone (888.982.1400).

Credit Union Overview

United Federal Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas ratio of 4.04% (excellent) based on March 31, 2015 data. In the past year, UFCU increased its total deposits by $58.23 Million, an excellent annual growth rate of 4.65%. Please refer to our financial overview of United Federal Credit Union for more details.

United Federal Credit Union (NCUA Certificate # 6288) was founded in 1949 as the Nineteen Hundred Employees Federal Credit Union by five Whirlpool employees. In its 65-year history, UFCU has seen four name changes, two acquisitions, one merger, and an expansion of its charter. In 2013, UFCU was doubly honored, being named Michigan Credit Union League Outstanding Credit Union of the Year 2013 and National Federal Credit Union of the Year 2013 by the National Association of Federal Credit Unions. Today, United Federal Credit Union has over 138,500 members and assets in excess of $1.9 Billion.

How the CD Compares

When compared to the 107 similar length-of-term CDs tracked by DepositAccounts.com, with similar minimum deposit requirements and nationally available, United Federal Credit Union’s 55-month Share Certificate Special (w/IPC relationship) currently ranks first. Without the IPC relationship, the APY currently ranks fourth.

These rates are accurate as of 9/7/2015.

To look for the best nationwide CD rates and the best CD rates in your state, please refer to our CD rates table.

gregk   |     |   Comment #1
Dutiful as it might be for you to continue the roll call, Ken, these offers have become monotonous in their stinginess, and yes, even exploitation.  Generally 1.7% to 2.3% for 3-5 year commitments!  With the Fed on the cusp of an increase in rates, is anyone here  buying in on these lackluster offers?  All the proliferating "promotions", "deals", and "celebrations" we see earnest FI's now furiously hurling out into the market, seem nothing more to me than an unscrupulous dump of soon obsolete product on a certain anxious and demoralized safety-oriented investor class likely to regret their decision for minimalist returns long before the term has run its course.

Anonymous   |     |   Comment #2
Well, 25 basis points every so often isn't going to move the CD market very much, if at all. I just don't see a growing need for banks to raise cash, hence no big move in CD rates. Besides, after the market craters opportunities to make money will abound.
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