Dedicated to Deposits: Deals, Data, and Discussion

5.75% 13-Month CD at a Michigan CU (Hometown Community)

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Hometown Community Credit Union is offering a 5.75% APY 13-month certificate. The minimum deposit is $2,500. It's available through December 31, 2006.

The field of membership includes those who live, work or attend school in parts of Oakland and Wayne County of Michigan. Retirees who live in or belong to a retirement organization in the county of the credit union's main office or in neighboring counties are also eligible. See site for details. The main office is located in Novi, Michigan with a branch office in Livonia.

The credit union is NCUA insured. It has $37 million in assets and 5,749 members.

Comments
2 comments.
Comment #1 by Anonymous posted on
Anonymous
I went to the Livonia branch this morning, the parking lot was empty, the building was empty save for a solitary teller. Needless to say I was not impressed and did not deposit any funds. I need to investigate this CU further before I take advantage of the superior CD rate. Seriously this place was a ghost town, why?

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Comment #2 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for giving a first hand report on this credit union. Based on the NCUA data, it is a small credit union with less than 6,000 members. Here is some more info from Bankrate. Its safe and sound rating is 3 out of 5 stars (performing). I hope this helps.

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