Dedicated to Deposits: Deals, Data, and Discussion

5.54% 30-Month CD at a Michigan CU (Kent County).

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Kent County Credit Union
Update 12/15/07: The special CD is no longer listed at the credit union's website.

Kent County Credit Union has a nice certificate special with a yield of 5.54% APY and a term of 30 months. The minimum deposit is $1,000, and the maximum deposit is $100,000. New money is required.

Since the rate table had a November 1st date, I called to see if this special was still available. I called using their toll-free number (888-336-3490) and was pleasantly surprised to be connected immediately to a knowledgeable CSR. She said that they usually update their rates on the first of the month, but she expected this special to last into December.

Membership is open to anyone who lives, works, worships or attends post-secondary education in Kent County. Please see their About-Us page for more details. Membership requires a minimum balance of $5 in their Share Savings Account.

Update: A reader just pointed out that more ways to qualify for membership are listed at the credit union's join-KCCU-today page. One major group that qualifies for membership is anyone over the age of 55 receiving a pension or social security check.

Branches are located in Grand Rapids and Wyoming, Michigan. The credit union is federally insured by the NCUA (Charter # 62249). It has $30.1 million in assets and 6,120 members.
  Tags: Kent County Credit Union, Michigan, CD rates

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Comments
4 comments.
Comment #1 by Anonymous posted on
Anonymous
Under the information for joining this credit union it says anyone 55 or older collecting a pension or social security check may join.

1
Comment #2 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for noting this. I had missed this page.

1
Comment #3 by Anonymous posted on
Anonymous
Looks like they changed the membership criteria.

It now says 'Any person who lives in Kent County and receives a pension or security check'.

1
Comment #4 by Anonymous posted on
Anonymous
This one is over...

1