March 27, 2023

Deal Abstract: 18-month Share Certificates, 3.50% APY, $500 minimal deposit

Availability: Three South Texas counties (Corpus Christi metropolitan statistical space)

Prior to now month, Gulf Coast Federal Credit score Union (GCFCU) has added 205 bps to its 18-month Share Certificates. DA started monitoring the 18-month Share Certificates greater than eleven years in the past and the brand new 3.50% APY is the best price provided by far. The minimal opening deposit is $500, with no said stability cap.

3.50% $500 Gulf Coast Federal Credit score Union 18 Month Share Certificates

Charges as of September 5, 2022.

Whereas GCFCU does provide three IRA Share Certificates, the 18-month time period shouldn’t be obtainable as an IRA.

There’s a Fact-In-Financial savings disclosure obtainable on GCFCU’s web site, but it surely contains no details about Share Certificates. In line with CSR, the Early Withdrawal Penalty for phrases longer than 12 months is 180 days of dividends, with partial withdrawals allowed.

Dividends are compounded and credited month-to-month and could be paid out by test or transferred to a GCFCU Share Account.


Headquartered in Corpus Christi, Texas, Gulf Coast Federal Credit score Union’s subject of membership (FOM) is residency based mostly, with people who stay, work, worship, or attend faculty within the Texas counties of Jim Wells, Nueces, and San Patricio eligible to affix.

Instant members of the family of present GCFCU members additionally qualify for membership, no matter the place they stay or work.

Becoming a member of GCFCU and/or opening a Share Certificates have to be performed at any of 4 Texas branches situated in Alice, Corpus Christi (2), and Portland. A brand new department location on Northwest Boulevard/FM 1889 in Calallen is scheduled open quickly.

Merely usher in $7.50 to anybody of our handy department places. $5.00 should keep within the share account (financial savings) always to maintain the account open and the $2.50 is a one-time membership payment.

Whereas GFCFU launched its new web site about three years in the past, the net banking platform continues to be restricted to account administration and invoice fee companies.

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Credit score Union Overview

Gulf Coast Federal Credit score Union has an total well being grade of “A” at, with a Texas Ratio of 5.36% (wonderful) based mostly on March 31, 2022 knowledge. Prior to now 12 months, GCFCU has elevated its whole non-brokered deposits by $6.82 million, a wonderful annual progress price of three.23%. Please seek advice from our monetary overview of Gulf Coast Federal Credit score Union (NCUA Constitution # 4060) for extra particulars.

Based in 1940, Gulf Coast Federal Credit score Union “transitioned from quite a few core teams and now proudly has a neighborhood constitution.” With greater than 16,000 members and property in extra of $289 million, GCFCU is the 85th largest credit score headquartered in Texas.

How the 18-Month Share Certificates Compares

When in comparison with related length-of-term CDs tracked by which might be obtainable inside the FOM and have minimal deposit necessities of $10k or much less, one credit score union has the next price than at present provided on the Gulf Coast Federal Credit score Union 18-month Share Certificates. The next desk compares the 18-month Share Certificates to the 2 highest-rate CDs from different credit score unions and the 2 highest-rate CDs from banks.

APY CD Time period (Early Withdrawal Penalty) Credit score Union/Financial institution
3.75% 15-Month Share Certificates Particular (EWP=182 days) NASA Federal Credit score Union
3.50% 18-Month Share Certificates (EWP=180 days) Gulf Coast Federal Credit score Union
3.49% 16-Month Bump Share Certificates Particular (EWP=180 days) La Capitol Federal Credit score Union
3.20% 18-Month CD (EWP=180 days) Bank5 Join
3.20% 18-Month Rising CD (EWP=180 days) Rising Financial institution
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The above info and charges are correct as of 9/6/2022.

To seek for the perfect CD charges, each nationwide and state particular, please seek advice from our CD charges desk web page.