Now through September 27, 2017, Wright-Patt Credit Union (WPCU) is offering a 19-month Share Certificate Exclusive that earns 1.83% APY ($100k) and 1.72% APY ($500). These limited-time rates are 25 bps higher than the current published rates on WPCU’s 18-23 month Share Certificate.
According to the promotion page, "there are no gimmicks or hassles" involved in opening a 19-month Share Certificate.
As stated in WPCU’s Share Certificate Disclosure, the Early Withdrawal Penalty reads as follows:
18 to 35 Months - 6 months of dividends (whether paid or not)
Headquartered in Beavercreek, Ohio, Wright-Patt Credit Union’s field of membership (FOM) includes most residents of the Miami Valley area and Columbus, Ohio. The FOM has recently been expanded to include an additional nine counties, nearly doubling WPCU's footprint in Ohio.
Residency: Individuals who live, work, worship, or attend school in the Ohio counties of Butler, Champaign, Clark, Clermont, Clinton, Darke, Delaware, Fairfield, Franklin, Greene, Hamilton, Licking, Madison, Miami, Montgomery, Pickaway, Preble, Union, and Warren qualify for membership.
Employment: Employees of more than 1,200 SEGs are eligible to join.
Military Relationship: Military and civilian employees of Wright-Patterson Air Force Base, and military personnel residing in a 14-county area adjacent to the Fairborn area who do not have a credit union available, also qualify for membership.
Family Relationship: Immediate family members of current WPCU membership are also eligible to join.
Complete membership details are available on WPCU’s Eligibility page.
Joining WPCU and/or opening a Share Certificate Exclusive can now be done online, using WPCU’s new online application. If you prefer the brick-and-mortar experience, WPCU has 28 Ohio branches located in Beavercreek (2), Centerville (2), Cincinnati, Columbus (4), Dayton (5), Englewood, Fairborn (2), Huber Heights, Kettering, Norwood, Springboro, Springfield, Troy, Upper Arlington, Urbana, Wilmington, WPAFB, and Xenia.
WPCU’s membership application is also available as a download, and can be returned either by snail-mail or in person.
Credit Union Overview
Wright-Patt Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 3.08% (excellent) based on March 31, 2017 data. In the past year, WPCU has increased its total non-brokered deposits by $319.64 million, an excellent annual growth rate of 11.63%. Please refer to our financial overview of Wright-Patt Credit Union (NCUA Charter 66328) for more details.
Wright-Patt Credit Union was established in 1932 as the F.E.U. Local 148 Credit Union by federal employees at Wright Field (known today as Wright-Patterson Air Force Base). The Credit Union changed names four times, with the Wright-Patt re-brand happening in 1962. Wright-Patt is Ohio’s largest credit union, serving more than 337,900 members with assets in excess of $3.6 billion.
How the Share Certificate Exclusive Compares
When compared to the 188 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Wright-Patt Credit Union's 19-Month Share Certificate Exclusive APY currently ranks second.
When compared to the similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Wright-Patt Credit Union's 19-Month (Jumbo) Share Certificate Exclusive APY currently ranks second.
The above rates are accurate as of 8/7/2017.