Update on the 6.00% 6-Month CD at Huron River Area CU

Huron River Area Credit Union is offering a special 6.00% APY 6-month certificate of deposit with a minimum is $5,000. The offer expires on November 30, 2006. Membership into the credit union is available to anyone via membership into the Learn & Earn Credit organization. There's a $1 fee to join.

I had first reported on this deal on the November 6th. That day I had called the credit union and requested a membership application. I just received this in the mail yesterday. The application includes a checkbox for membership in the Learn & Earn Credit organization. This qualifies you for credit union membership. By checking the box you agree to enroll in this organization with a $1 fee. Also note that the credit union membership requires a minimum $6 deposit into your regular savings account.

The credit union application requires a copy of your driver's license and a notarized signature. In addition to the application, an interest rate rider was sent. This just states that you agree to enroll in home banking, electronic bill payment or E-statement program to qualify for the 6% APY on the CD. Note, only one of the three services is required. If you don't remain enrolled in the above service or if you make an early withdrawal, there's a 30 days interest penalty. Instructions on the rider state that they will fill in the rest for opening the CD, and they will mail back a copy of the CD documentation.

The credit union is NCUA insured.