Now through April 30, 2015, Endura Financial Federal Credit Union (Endura Financial FCU) is offering a 12-month Share Certificate Special (1.30% APY). The minimum deposit on the Share Certificate Special (CD) is $5K of new money, with no balance cap.
The definition of "new money" in the fine print caught my eye:
Offer valid only on new money not on deposit with Endura Financial FCU or Connexus Credit Union.
Endura Financial Federal Credit Union and Connexus Credit Union have merged, effective as of October 1, 2014. According to CSR, Endura Financial FCU will continue to conduct business under the Endura name, and in August 2015 (if all goes well and on schedule), Endura Financial FCU will be known as Connexus Credit Union.
As stated in the 12-month Certificate Disclosure document, the Early Withdrawal Penalty reads as follows:
The penalty will equal 90 days dividends on the amount withdrawn subject to penalty.
Headquartered in Minneapolis, Minnesota, Endura Financial FCU has four ways to qualify for membership:
Residency - Anyone who lives, works, or worships in the Minnesota communities of Brooklyn Center, Crystal, Golden Valley, Hopkins, Minneapolis, New Hope, Robbinsdale and St. Louis Park, and portions of Jackson County, Missouri.
Employment - Employees and retirees of Honeywell, ATK, Marketplace Home Mortgage, TSI Incorporated and ARMCA, regardless of where they live.
Relationship - Family members and household members of qualified credit union members.
Membership - All members of the Minnesota Consumer Council.
Joining Endura Financial FCU can be done online, or in person at any of four branches located in Brooklyn Center, Golden Valley, and Minneapolis (2).
Opening the 12-month CD can be done via telephone (800.533.4004) or online. The online option actually starts the process through the submission of a general information form.
Complete the form below and we’ll contact you within one business day to open your Share Certificate.
Credit Union Overview
Endura Financial Federal Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas ratio of 8.56% (excellent), based on December 31, 2014 data. In the past year, Endura Financial FCU increased its total deposit by $413.6 Million, an excellent annual growth rate of 99.05%. Please refer to our financial overview of Endura Financial Federal Credit Union for more details.
Originally established in 1929 as the Honeywell Employees Credit Union, the Credit Union went through three names to arrive at Endura Financial Federal Credit Union, and will soon become Connexus Credit Union. All the name changes reflected the growth and scope of the membership. Endura Financial is one of Minnesota’s largest credit unions, with assets in excess of $996 Million and over 146,000 members.
How the CD Compares
When compared to other similar length of term CDs tracked by DepositAccounts.com, requiring a similar minimum deposit and available nationally (easy membership), Endura Financial Federal Credit Union’s 12-month Share Certificate Special is highly competitive.
The above rates are accurate as of 4/11/2015.
To search for nationwide CD rates and CD rates in your state, please refer to the CD rates section of DepositAccounts.com.