5.13% 6-Month CD at an Oregon CU

NW Preferred Federal Credit Union is offering a 5.13% APY 6-month certificate of deposit. The minimum is $500 with no maximum and no limit on how many you can open. This is a limited time offer.

This credit union's field of membership includes residents of the following Oregon communities: Stayton, Aumsville, Sublimity, Lyons, Gates, Mill City, Detroit, Idahna or Mehama. This is the area south of Portland. Also, licensed insurance professionals of Oregon, Washington or Idaho are eligible.

I wonder how the credit union decided on the domain name MyCreditUnion.com. The name gives an impression of an institution that's available nationally. Perhaps it has intentions to expand. Currently, the credit union is small with $85M in assets and just over 7200 members (from NCUA).

Credit for finding this deal goes to this Fatwallet thread.

Note, it can be useful to open multiple CDs rather than one CD. If you need some money before the maturity, you can break one or a few of the small CDs rather than break the one CD. The only problem is the extra hassle of opening multiple CDs.