Wildfire Credit Union (MI) Adds 49-Month CD Special, 3.25% APY


Deal Summary: 49-month CD Special, 3.25% APY, $500 minimum deposit, new money

Availability: Residents of Michigan

Wildfire Credit Union (Wildfire CU) is currently offering a 49-month CD Special, which earns 3.25% APY. The minimum opening deposit is $500 and new money is required to qualify for the 3.25% APY. According to the fine print on the Rates & Fees page, “amounts withdrawn from Wildfire accounts in the preceding 30 days will not qualify” as new money.

As stated in the Explanation of Rates & Service Charges document, there are no partial withdrawals permitted, only early closures.

If you withdraw any principal before the maturity date, any accrued interest will be credited to the certificate, and the certificate will be closed. The balance remaining after the withdrawal will be transferred to another interest-bearing account. We will impose a penalty if you make a withdrawal prior to the maturity date

The Early Withdrawal Penalty imposed on the 49-month CD Special will be 273 days of interest on the full balance.


Headquartered in Saginaw, Michigan, Wildfire Credit Union’s field of membership (FOM) expanded in February, with everyone who lives, works, worships, or attends school in the State of Michigan now eligible to join. Prior to this latest expansion, the FOM included only 23 out of the state’s 83 counties.

Family/household members of current Wildfire CD members are welcome to apply.

Joining Wildfire CU and/or opening a CD Special can be done online, or at any of five full-service Michigan branches located in Bay City, Midland, and Saginaw (3). There are also five school branches in Bay City and Saginaw that are “open to students and staff throughout the school year during the lunch hours.”

A minimum $5 balance in a Primary Membership Savings Account is required to become a Wildfire CU member.

According to CSR, Wildfire CU participates in the CO-OP Shared Branching/ATM network.

Credit Union Overview

Wildfire Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 3.34% (excellent) based on December 31, 2018 data. In the past year, Wildfire CU has increased its total non-brokered deposits by $6.94 million, an above average annual growth rate of 1.05%. Please refer to our financial overview of Wildfire Credit Union (NCUA Charter # 60057) for more details.

Established in 1937, Wildfire Credit Union was originally known as the Saginaw Telephone Employees Credit Union (STECU). For the first 40 years, STECU concentrated on its membership and organic growth. A merger with the Flint Telephone Employees Credit Union in 1977 set the Credit Union on the road to expansion. Following a change in the FOM in 1984, the name was changed to the Communications Family Credit Union (CFCU), reflecting the inclusion of communications-related industry employees. Shortly thereafter, two newspaper employees credit unions merged with CFCU. Starting in 2004, a community charter was adopted, with a total of 23 Michigan counties added to the FOM. The Wildfire re-brand occurred in 2009, as “membership began to grow like … wildfire.” Three months ago, the charter expanded to include all residents of Michigan. Wildfire CU is currently the 19th largest Michigan credit union, with more than 47,800 members and assets in excess of $769 million.

How the CD Special Compares

When compared to 330 similar length-of-term CDs tracked by DepositAccounts.com that require a minimum deposit of $10k or less and are available in Michigan, Wildfire Credit Union's 49-month CD Special APY ranks first.

The above rates are accurate as of 5/8/2019.

Looking for the best CD rates, either nationwide or state specific? Please refer to DepositAccounts.com’s CD Rates Table.

Related Pages: Flint CD rates, 5-year CD rates


#1 - This comment has been removed for violating our comment policy.
111   |     |   Comment #2
With a name like "Wildfire", it's good that this CU did not locate in California!
gtr   |     |   Comment #3
In 2009 the rebranded name "Wildfire" was put in place because the CU started to grow like a wildflower.Using the name Wildfire was truly a bad judgement call on the part of the leadership team.
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