Wright-Patt Credit Union’s (WPCU) recently raised the rate on its 72-month Share Certificate (2.60% APY, $100k minimum; 2.50% APY, $500 minimum). There is no stated balance cap.
|2.40*%||$100k||-||Wright-Patt Credit Union||72 Month CD|
|2.40*%||$100k||-||Wright-Patt Credit Union||72 Month IRA|
The 72-month Share Certificate is also offered as an IRA (Traditional) earning the same APYs, with the same funding requirements.
In the past year, the 72-month Share Certificate has had more than 20 rate changes, with this week’s rate increases resulting in the highest APYs this year.
As stated on WPCU’s Share Certificate Disclosure page, the Early Withdrawal Penalty reads as follows:
48 to 72 Months - 12 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.
Residency: Individuals who live, work, worship, or attend school in the Ohio counties of Butler, Champaign, Clark, Clinton, Franklin, Greene, Hamilton, Miami, Montgomery, or 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 requires an in-person visit to any of 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 available as a download, and can be returned either by mail or in person.
Credit Union Overview
Wright-Patt Credit Union (NCUA Charter 66328) has an overall health grade of "A+" at DepositAccounts.com, with a Texas ratio of 3.78% (excellent) based on September 30, 2016 data. In the past year, WPCU has increased its total deposits by $232.12 million, an excellent annual growth rate of 8.95%. Please refer to our financial overview of Wright-Patt Credit Union 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 328,700 members with assets in excess of $3.4 billion.
How the Share Certificate Compares
When compared to the similar length-of-term CDs tracked by DepositAccounts.com that are available within the FOM, Wright-Patt Credit Union's 72-Month Share Certificate APY currently ranks first and second, regardless of minimum deposit.
The above rates are accurate as of 12/15/2016.