As a bank serving Eugene and Springfield, SELCO Community Credit Union takes the small-town focus seriously and truly enjoys helping in the community. The purpose of this local bank is to help people with opportunities for financial success through education, borrowing, and service.

In terms of investment, it makes the most trustworthy move of the credit union. With it, you can get a fixed and solid investment return. So that they can get the long-term benefits out of their investments.

SELCO Community Credit Union Offers

Here are the most significant CD rates terms mentioned below;

6 Months CD Term

  • Dividend Rate: 4.18%
  • Annual Percentage Yield: 4.25%
  • Minimum Balance: $500


  • Short-term commitment with a relatively lower dividend rate.
  • Suitable for those looking for a quick return on investment.

Pros & Cons

Quick return on investment.Relatively lower dividend rate.

One-Year CD Term

  • Dividend Rate: 4.18%
  • APY: 4.25%
  • Minimum Balance: $500


  • Slightly higher dividend rates than the 6-month term.
  • A moderate commitment for individuals seeking a balance between return and flexibility.

Pros & Cons

Competitive ratesMedium-term commitment.

18 Months CD Term

  • Dividend Rate: 4.18%
  • APY: 4.25%
  • Minimum Balance: $500


  • Similar rates to the 6-month term but with a slightly longer commitment.

Pros & Cons

Middle-ground between short and medium-term.Similar rates to 6-month term.

Two Years CD Term

  • Dividend Rate: 3.70%
  • APY: 3.75%
  • Minimum Balance: $500


  • Suitable for individuals seeking a slightly higher return with a two-year commitment.

Pros & Cons

Moderate minimum balance.Two-year commitment.

Four Years CD Term

  • Dividend Rate: 3.36%
  • APY: 3.40%
  • Minimum Balance: $500


  • Appropriate for those willing to lock in funds for an extended period in exchange for a modest return.

Pros & Cons

Higher return than shorter terms.Lower dividend rates compared to short terms.

How Does SELCO Community Credit Union Compare?

In the realm of 6-month Certificate of Deposit offerings, SELCO Community Credit Union appears to be competitive among other financial institutions.

Notably, SELCO offers;

  • 4.25% APY on its 6-month CD, surpassing the rates provided by (3.00% APY) and CIT Bank (5.00% APY).
  • While Western Alliance Bank is close with a 5.23% APY, SELCO’s rate stands out as relatively higher, potentially attracting investors seeking a short-term commitment with an attractive return.

Additionally, it’s noteworthy that SELCO offers a traditional 6-month CD, distinguishing itself from mph. bank’s “No Penalty CD” and emphasizing a straightforward approach to CD investments.

However, beyond the interest rates, the following factors should be considered before making a final decision.

  • Account accessibility
  • Customer service
  • Specific account terms

This analysis suggests that at least in terms of APY, SELCO Community Credit Union holds a competitive position in the 6-month CD market in comparison to other financial institutions.

Overview SELCO Community Credit Union

SELCO offers grants for creative teaching. We provided over $42,000 in 2020 for 47 educators and 38 schools.

These educators and schools presented great ideas to further enrich education within schools, including Science, Technology, and Math kits for students and additional books for their libraries. Ideas small and large go a long way to showing our community and students we care about their success.

We believe that money can be one of the barriers to student and individual success, and gladly offer grants and awards for people seeking dollars to improve themselves and our community. We believe that without community growth, we will not experience growth ourselves.

One of the primary purposes of a local credit union is education. We know that understanding your options is very important for basic banking and investing.

We offer accounts for businesses and individuals, as well as investing advice for your retirement as well as your kid’s education, in addition to loans for personal use or vehicles.

We encourage you to stop into one of our branches and develop a relationship with a banker who can help guide you through your choices.


Customers must first become a SELCO member and open a checking or savings account from which to transfer money. Earnings from your CD will also go to this account.

Locations SELCO Community Credit Union

SELCO has 6 locations including three in Eugene, Oregon, and 3 in Springfield, Oregon.

We are highly convenient with our multiple locations in these cities and glad to service Eugene and Springfield.

Frequently Asked Questions

What is the minimum balance required for SELCO Community Credit Union’s 6-month CD?

The minimum balance required for SELCO’s 6-month CD is $500.

Does charge any penalties for early withdrawal from their No Penalty 6-month CD? charges no penalty CD. It allows for penalty-free early withdrawals.

How does CIT Bank’s 6-month CD compare to other institutions in terms of APY?

CIT Bank offers a 5.00% APY on its 6-month CD, which is competitive and slightly higher than SELCO Community Credit Union’s 4.25% APY.

What distinguishes Western Alliance Bank’s 6-month CD from others?

Western Alliance Bank offers a 5.23% APY on its 6-month CD, positioning it competitively in the market.

Are there any specific features or benefits associated with SELCO Community Credit Union’s 6-month CD?

SELCO’s 6-month CD offers a competitive 4.25% APY, making it an attractive short-term investment option.