Dedicated to Deposits: Deals, Data, and Discussion

6.22% 60-Month / 6.11% 30-Month CD Continues at a California CU (Tucoemas)

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Tucoemas Federal Credit Union continues to offer several high yield long-term share certificates. They include a 6.22% APY 60-month CD, a 6.11% APY 48/30-month CD and a 5.80% APY 24-month CD. These have a $50K minimum deposit requirement. Slightly lower rates are avaliable with $10K and $2.5K minimums. Even with only a $2.5K minimum, the 60-month CD still has a 6.06% APY. A 30-month IRA share certificate with an APY of 6.01% is available with a $10K minimum.

These rates have continued since my first report on this credit union in October. The rate table states that the rates are effective as of March 1, 2007.

The field of membership includes those who live, work, worship, or attend school in Tulare County, California. Branches are located in Visalia, Tulare and Porterville, California.

The credit union is federally insured by the NCUA. It has $184.4 million in assets and 37,154 members.
  Tags: California, CD rates

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Comments
2 comments.
Comment #1 by ctgottapee (anonymous) posted on
ctgottapee
that 60 month offer was so good, way back when before penfed and others offered 6.00%, i tried to 'fake' my way in by claiming i was a student at one of the local community colleges in their area of acceptance.

i got denied, not sure how they verfied it ;(

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Comment #2 by Banking Guy (anonymous) posted on
Banking Guy
I've learned you have to be careful with memberships. A reader happened to get accepted into a credit union via an association membership, but it turned out that only employees were qualified. The credit union terminated his membership even though they were the ones that made this mistake.

1