Tulsa FCU (OK) Adds Limited-Time 18-Month CD


Deal Summary: 18-month 75th Anniversary Certificate, 2.75% APY, $1k minimum, new money.

Availability: Residents of ten northeast Oklahoma counties.

Tulsa Federal Credit Union (Tulsa FCU) is celebrating its 75th Anniversary by offering a limited-time 18-month Certificate, which earns 2.75% APY. The minimum deposit is $1k of new money, with no stated balance cap. While Tulsa FCU offers an additional 10 bps on its regular Jumbo Certificates ($100k+), the 2.75% APY applies to all 75th Anniversary 18-month Certificate deposit levels.

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

If your account has a stated term greater than 12 months but less than or equal to 24 months: We may charge a penalty equal to 120 days of dividends on the amount withdrawn.

I have to say I’ve never seen a statement quite like this one:

Not a member or don’t qualify for membership? No problem.
You can still participate in the promotion at 0.50% lower
than the advertised Member rate – that’s still pretty good!

Thanks to the DA reader who emailed me news of this special.


Headquartered in Tulsa, Oklahoma, Tulsa Federal Credit Union’s field of membership (FOM) is residency based, with individuals who live, work, worship, or attend school in Cherokee, Creek, Muskogee, Okmulgee, Osage, Pawnee, Rogers, Tulsa, Wagoner, Washington Counties eligible to join.

Individuals who have an immediate family member (spouse, child, sibling, parent, grandparent, including step- and adoptive), who meet any of the above requirements, also qualify for membership.

Joining Tulsa Federal Credit Union and/or opening a 75th Anniversary Certificate can be done online, or at any of 15 Oklahoma branches located in Broken Arrow, Claremore (2), Jenks, Owasso (2), Sand Springs (2), Sapulpa, Skiatook, and Tulsa (5).

Credit Union Overview

Tulsa Federal Credit Union has an overall health grade of "B+" at DepositAccounts.com, with a Texas Ratio of 4.84% (excellent) based on December 31, 2017 data. Tulsa FCU an average capitalization level (9.03%), the result of holding 735.56 million in assets with $66.43 million in equity. Please refer to our financial overview of Tulsa Federal Credit Union (NCUA Charter # 24812) for more details.

Seventy-five years ago, a few hundred dollars in a cigar box represented the initial deposit at Tulsa Federal Credit Union. Currently Oklahoma’s sixth largest credit union, Tulsa FCU has more than 56,600 members and assets in excess of $735 million. A few years ago, the Credit Union opened full-service branches inside five Reasor grocery stores. In a Tulsa World article, Tulsa FCU President and CEO Greg Gallant stated,

In-store branches give us an economically reasonable way to better
serve the needs of our members and future members, while providing
them with all the conveniences of a traditional free-standing branch.

How the 75th Anniversary Certificate Compares

When compared to the 192 similar length-of-term CDs tracked by DepositAccounts.com, which require a similar minimum deposit and are available within the FOM, Tulsa Federal Credit Union's 18-month 75th Anniversary Certificate APY currently ranks first.

The above rates are accurate as of 3/16/2018.

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

Related Pages: Tulsa CD rates, 1-year CD rates

  |     |   Comment #1
Not to nitpick, but Tulsa is in north*east* Oklahoma.
  |     |   Comment #2
Great find Ken - thanks!
For those interested in this CD, note that a Social Security number is required if you wish to add a beneficiary to your account(s).
  |     |   Comment #3
There is a $5K cap on funds transferred from another financial institution for the initial funding. There is also an option to fund by debit/credit card.
  |     |   Comment #4
Does credit card funding count as purchase or cash advance?
  |     |   Comment #7
AnonToo9876 (#4): Can't answer; didn't use a credit card to fund the CD. In any case, I think different cards treat such transactions differently - ie: one card may treat the funding as a purchase, another as a cash advance.
  |     |   Comment #5
Additional important details not included in blog post:
This certificate requires the distribution of dividends and does not allow dividends to remain in the certificate.

This certificate is non-renewable and the principal will be paid to another Tulsa FCU account at maturity.

A penalty for early withdrawal may be imposed. Early withdrawal penalties will be waived with a 30-day written notice.

  |     |   Comment #6
" Early withdrawal penalties will be waived with a 30-day written notice."

Am I reading this correctly? I can take the funds early, penalty free, as long as I give them 30 days notice?
  |     |   Comment #8
EFC11251960 (#6): That is what was stated on the credit union's website at the link I included in my comment #5. If you may want access to your funds before the 18 months, I suggest you contact the credit union for confirmation.

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