I had first posted on this credit union and these CDs in September. A reader just posted his experiences with this credit union and has been quite pleased. He mentioned that the accounts can be opened my mail. He also mentioned the nice features of these FLEX CDs which allow additional deposits during the term. In addition, you're allowed to do a penalty free withdrawal of up to 50% as long a minimum $5K balance remains. These types of accounts reduce the risk of changing interest rates. If rates go down, you can make additional deposits. If rates go up, you can make a partial penalty free withdrawal.
The reader also mentioned that there's a major group eligible to join, but not mentioned on the website: retirees from anywhere can join. Based on what's listed on the website, the field of membership is primarily limited to Select Employer Groups which include employees of any medical facility or medically related group in the Asheville, NC area and surrounding counties of Western North Carolina. You may want to contact the credit union for the details.
Membership requires a one-time fee of $5 and a minimum $25 deposit into a share savings account. Membership application can be submitted online.
The credit union is NCUA insured. It has $30 million in assets and almost 9,000 members. It has a 5 out of 5 star rating (superior) at Bauer Financial.
Thanks to the reader who provided these details about this credit union!