Dedicated to Deposits: Deals, Data, and Discussion

6.00% 13-Month CD at an Ohio CU (Sun Center)

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Sun Center FCU is offering a promotional certificate of deposit with a yield of 6.00% APY and a term of 13 months. The minimum deposit is $1,000, and it requires money new to the credit union.

Regarding eligibility, at the bottom of their home page it states:
If you are employed in the education, government, healthcare, construction or service fields - or live, work, attend school or worship in Lorain County, you are eligible to become a member of Sun Center Federal Credit Union.

Branches are located in the Ohio cities of LaGrange, Oberlin, Ridgeville, Wellington and South Amherst. Late last year the credit union changed its name to Sun Center FCU and expanded its charter to include all of Lorain County. Previously, the credit union was named Cleveland Center FCU. It's federally insured by the NCUA (Charter # 22421). It has $29.8 million in assets and 4,275 members.

[Update 12:30pm 6/11/07: Credit union changed the CD term from 6 to 13 months.]

  Tags: CD rates, Ohio

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Comments
8 Comments.
Comment #1 by Anonymous posted on
Anonymous
Their website shows 13 month term for the 6.00% special, not 3 months.

P.S. Just my opinion, but this CU's website looks pretty amateur.

1
Comment #2 by Anonymous posted on
Anonymous
Correction 7:55 AM -- I meant "not 6 months," per the original post.

1
Comment #3 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the note. Looks like the CU changed the terms this morning.

1
Comment #4 by Anonymous posted on
Anonymous
Just called, they are not taking out of state members.

1
Comment #5 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for getting more clarification on membership requirements.

1
Comment #6 by Duck (anonymous) posted on
Duck
Re:Anonymous said...
Just called, they are not taking out of state members.
1:05 PM, June 11, 2007
I called yesterday morning spoke with Jenny she told me there was no problem that I am out of state and was sending me 2 applications in mail could of had it faxed(faxfizzled) but mail app (want that signature) back can open the cd and share savings ($5)at the same time just add a little note on what your opening. Thanks Banking Guy Duck

1
Comment #7 by Anonymous posted on
Anonymous
I called and talked to Jenny and she told me you must work, live or go to school in Lorraine County to be elegible. Maybe there are two Jenny's?

1
Comment #8 by zelmo swift (anonymous) posted on
zelmo swift
the or became an AND

1