Dedicated to Deposits: Deals, Data, and Discussion

4.25% 11-Month CD at NASA FCU - Easy Membership


NASA Federal Credit Union
NASA Federal Credit Union has increased the yield on its 11-month certificate promotion to 4.25% APY. The minimum deposit is $5,000, and the money must be new to the credit union. This is also available in an IRA and ESA. The funds for the CD must be deposited by September 30, 2008. In August the promotional yield was 4.00%.

Hard Pull

Commenters in past NASA FCU posts have mentioned that NASA FCU has done hard credit pulls via Equifax (which will slightly ding your credit score) during account opening.

Easy Eligibility

In addition to many select employee groups, the credit union's field of membership includes several associations in which anyone can join. A reader in my previous post noted that they've added a new association (American Consumer Council). This is free to join, and you can join at this credit union page. A $5 minimum balance to your savings account is required for credit union membership. Readers have mentioned in this July 2007 post that the online application requires a minimum $25 deposit to fund electronically.

Credit Union Overview

Branches are located in Maryland, Washington, DC and Virginia.

One advantage that many credit unions have over banks is better financial health since most credit unions haven't been involved in any subprime mortgages. That seems to be the case for NASA FCU. It has a 5-star rating (superior) at BauerFinancial and a 4-star rating (sound) at Both are based on 3/31/08 data. The credit union is federally insured by the NCUA (Charter # 6328). It has $918.6 million in assets and 71,437 members.

Thanks to the reader who emailed me news of this rate change.

  Tags: NASA Federal Credit Union, Virginia, Maryland, CD rates, IRA rates

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Comment #1 by Anonymous posted on
Signed Up... $25 Funding electronically is an option, but you just have to make sure the $25 gets there with 30 days