Dedicated to Deposits: Deals, Data, and Discussion

High Rate CDs from 5.55% 6-Month to 5.86% 60-Month at Credit Union of Georgia (Easy Membership)

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Credit Union of Georgia
Credit Union of Georgia has several high rates on share certificates with a minimum deposit of $50K. These include a 5.55% APY 6-month CD, 5.67% APY 12-month CD, 5.76% APY 36-month CD and a 5.86% APY 60-month CD. Rates are about 0.25% lower for a $10K minimum.

Field of membership includes members of the GettingAhead Association. According to the association's website, "membership is open to any individual who is genuinely committed to improving their own financial well-being." There's a $5 fee to join this association. Employees and students of several select groups can be immediately eligible to join the credit union without joining the association. Membership into the credit union requires a minimum $10 deposit into a savings account. There's a membership application in pdf format that's available online. Copies of two forms of ID are required to be mailed in.

My last post on this credit union was in February when they were offering a special 5.96% 12-month CD. A reader commented in that post that the credit union reps were very accomodating when he/she joined and opened a CD.

The credit union has recently changed its name from MACO Educators Federal Credit Union to Credit Union of Georgia. Note that it no longer includes "Federal" in the name. Another change was the conversion from a Federal charter to a State charter (only Federally chartered credit unions can include Federal in their names). This was apparently done to make it easier for them to expand. They're still federally insured by the NCUA, but with a new Charter # 68571.

Branches are located just northwest of Atlanta, Georgia in the cities of Kennesaw, Marietta, Dallas and Woodstock.

  Tags: Credit Union of Georgia, Georgia, CD rates

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Comments
3 Comments.
Comment #1 by Anonymous posted on
Anonymous
Credit union of Georgia, will not accept living trust accounts. For the 5 year c.d. was quoted 90 days penalty, then 180 days penalty.

1
Comment #2 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the info.

1
Comment #3 by Anonymous posted on
Anonymous
I wonder if you can make it POD to your trust. I would like to do that or have 3 joint owners and app only has room for two.

1