Dedicated to Deposits: Deals, Data, and Discussion

5.75% 13-Month CD at a California/Arizona CU (LA Financial).

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LA Financial Credit Union
Update 2/2/08: CD special has ended. Please check the credit union's website for the latest rates.

LA Financial Credit Union is offering a special 5.75% APY 13-month certificate. The minimum deposit is $1,000. The 5.75% APY requires that you open a checking account with direct deposit. Without the checking account, the yield is 5.25% APY. At least half of the deposit must be new money. It also can be opened as an IRA certificate.

My last report on this credit union was in March when they were offering a 6.25% 13-month IRA CD.

Membership is open to those who live, work, worship, volunteer or attend school in Los Angeles County, California. Membership is also open to anyone who lives or works in Lake Havasu City, Arizona through Havasu Community Credit Union (a division of LA Financial CU). Please refer to LA Financial CU's membership page and Havasu Community CU's membership page for more details. The credit union has a $5 membership fee, and there's a $5 minimum deposit required for the savings account. A minimum $100 balance in the savings account (or $2.5K combined balance of all savings and loans) is required to avoid a $3/month fee (see savings account info).

Branches are located in Los Angeles, Pasadena and Norwalk, CA, and in Lake Havasu, AZ. The credit union is federally insured by the NCUA (Charter # 2024). It has $288.2 million in assets and 34,419 members.

Thanks to the reader ommie who mentioned this promotion in the finding-the-best-deals post.

Related Pages: LA Financial Credit Union, California, Arizona, CD rates, IRA rates

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Comments
2 Comments.
Comment #1 by Anonymous posted on
Anonymous
Thank you Bank guy, took advantage of this great rate today.CSR said this was to be expired 12-31-07 but is extended.

1
Comment #2 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the note. Glad to read it has been extended into January.

1