University Federal Credit Union invites its members to take advantage of their high interest rate certificate of deposit. The credit union has the following cd rates:

24 months       1.46% APY
36 months       2.08% APY
48 months       2.27% APY
60 months       2.83% APY

This money in the bank is called Web Certificates. University Federal Credit Union requires you to deposit a minimum balance of $2,500 to avail of these highest interest rates. This certificate of deposit dividends are compounded daily and paid every month. Once the cetificate matures it will automaticallly renew. Be ready to shoulder penalties if you decide to withdraw before the cetificate of deposit matures. Early withrawal penalties for CDs with a term of more than one year will be equivalent to 6 months of earnings. Please be aware that the cd rates may change without prior notice.

University Federal Credit Union welcomes individuals who are employees of affiliated companies, immediate family of an active member, students of select schools, or member of UFCU recognized associations. You can find a long list of eligible associations on their membership page. From there you can download the application form to become a member of the credit union.

University Federal Credit Union has offices located in Galveston Metro and Austin in the state of Texas. You may also contact their customer service for inquiries about opening an account or other services thru 1800-252-8311.

University Federal Credit Union also has an interesting referral program. Members who refer their relatives, friends, or colleages to open a UFCU checking account will get $25. While referrals who will borrow money to buy a vehicle will earn you a $50 bonus.

University Federal Credit Union is a large credit union with a declared assets of $1.27 billion. The credit union was established in 1936.

University Federal Credit Union is a member of National Credit Union Administration with charter number 1367.