5.80% 11-Month CD at a Colorado CU (Bellco)
Oct 23, 2006 - 9:34 AM by Ken Tumin
Bellco Credit Union is offering an 11-month certificate of deposit with a rate of 5.80% APY. It requires a minimum of $50K. A lower rate is available for smaller deposits. This special is available as either a regular or IRA CD.
The field of membership includes those who are members of Consumers United Association. Any Colorado resident is eligible to join this association with a $5 fee. In addition, there's a long list of select employee groups in which you can qualify. See site for details. There's a one-time $5 membership fee and a $25 minimum deposit for membership into the credit union.
Branches are located in the Denver area. However, it appears you can open accounts online so this might be a good credit union for anyone in Colorado.
The credit union is NCUA insured. It has $1.58 billion in assets and over 153k members.
Other Colorado CD Deals
ENT Federal Credit Union, which has branches in several cities in Colorado, also has a nice CD special. It's offering a 6% APY 13-month CD (see post).
The field of membership includes those who are members of Consumers United Association. Any Colorado resident is eligible to join this association with a $5 fee. In addition, there's a long list of select employee groups in which you can qualify. See site for details. There's a one-time $5 membership fee and a $25 minimum deposit for membership into the credit union.
Branches are located in the Denver area. However, it appears you can open accounts online so this might be a good credit union for anyone in Colorado.
The credit union is NCUA insured. It has $1.58 billion in assets and over 153k members.
Other Colorado CD Deals
ENT Federal Credit Union, which has branches in several cities in Colorado, also has a nice CD special. It's offering a 6% APY 13-month CD (see post).
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Anonymous - #1, Monday, October 23, 2006 - 10:43 PM
Should I worry if a credit union is not federally insured?
http://www.cccu.coop/savingsrates.html
ASI insured. Does anyone know what reason there may be to not be FDIC insured?
Anonymous - #2, Tuesday, December 12, 2006 - 9:07 AM
Credit unions are insured by the National Credit Union Association (NCUA). The NCUA performs the same function for credit unions that the FDIC does for banks.
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