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4.50% 7-Month Jumbo CD at California Credit Union - Easy Membership

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California Credit Union
California Credit Union has increased the yields on its Jumbo promotional certificates. These now have yields of 4.50% APY for the 7-month term and 4.80% APY for the 37-month term. The minimum deposit is $100,000. The yields for a $1,000 minimum deposit are 50 basis points less which are the same as what I reported in early September. These are available for both regular and IRA share certificates.

Credit union membership is open to members of the Parent Teacher Association or the Parent Teacher Student Association. According to the credit union's Membership Page, if you're "Not a PTA/PTSA member? We'll sign you up!" Also, public television contributors are eligible. Please see the Membership Page for the full list of ways to be eligible to join the credit union. At the bottom of the membership page is a link to an online membership application.

The main office is located in Glendale, California. It has several other branches in Los Angeles, North Hills, Encino, Pasadena and Torrance.

California Credit Union has some decent financial ratings for soundness: 5 stars (superior) at BauerFinancial and 3 stars (performing) at Bankrate.com. Both are based on 6/30/08 data.

The credit union is federally insured by the NCUA (Charter # 60784). It has $1.31 billion in assets and 70,210 members.

  Tags: California, CD rates, IRA rates, California Credit Union

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