Tri-Co Federal Credit Union has a new special 7-month certificate with a yield of 5.50% APY for the regular CD and 5.76% APY for an IRA CD. The minimum deposit is $500. It also continues to list several high yield certificates of deposit. Three rate tiers are offered for deposits of $1K, $10K and $20K for terms of 10 months, 27 months and 41 months. The rates for the $20K minimum include a 5.80% APY 41-month CD, a 5.55% APY 27-month CD and a 5.30% APY 10-month CD. These CDs are available in an IRA with rates about 0.26% higher than the regular CDs. My last report on these rates was in January.
Field of membership is based on Select Employer Groups in the New Jersey counties of Morris, Sussex and Warren. I was also told by the CSR that you can be eligible to join via non-immediate family members including cousins. Branches are located in Morris Plains, Hackettstown and Augusta.
The credit union is federally insured by the NCUA. It has $128.3 million in assets and 12,978 members.