5% 29-Month CD at a Pennsylvania CU

The Members 1st Federal Credit Union has a 5% APY 29-month CD. The minimum required deposit is $500. The term of this certificate is a little long, but it's still a rate that's better than the rates of most 30-month CDs.

The field of membership includes those who live and work in several Southcentral counties of Pennsylvania (Adams, Cumberland, Dauphin, Lebanon, Perry, or York). It has many branches through out these counties.

One thing I found interesting about this credit union is a lawsuit that the American Bankers Association (ABA) has filed against the NCUA concerning this credit union's community charter. It appears that the bankers claim this credit union went to far in its expansion to include seven counties. Bankers have a history of keeping a close eye on field of membership expansions from credit unions. Instead of throwing money at lawsuits, they should use it to give better services and rates.

Credit for this find goes to this anonymous comment.