5.15% 12-Month CD at a Michigan CU

Huron River Area Credit Union has a special called the No Nonsense 12 Month CD. With this special you can get up to 5.15% APY on a 1-year certificate with a $10K minimum required deposit. For deposits between $5K and $10K, the APY is 5%. Deposits under $5K have an APY of 4.58%. Offer expires February 28, 2006.

The credit union's field of membership is primarily employer based. However, it looks like the credit union is trying hard to expand its membership. For example, one of the easy employment requirements includes persons employed in an engineering or scientific field located in any one of several Michigan counties. The last qualification states "Persons who are enrolled in the organization Learn & Earn Credit.org" This looks like it may open up membership to everyone. However, I found this Learn & Earn Credit website and it doesn't give any information about how to enroll. This organization seems to have been put together by the credit union and is still in the start-up phase.

The credit union has branches in the Michigan cities of Ann Arbor, Chelsea, Auburn Hills, Van Dyke, Howell and Brighton.

On a side note, I came across this credit union from this Ann Arbor news story about a fake credit union website. Apparently someone set up a site with the same domain name as this credit union except it uses .com rather than .org. There was concern that this could be a phishing site, but it turned out to just be a misleading advertisement page. Creating websites at similar domain names as popular sites can unfortunately acquire many accidental hits.