PrimeWay Federal Credit Union is offering a promotion with two competitive share certificates: 4.32% APY for a 6-month term and 4.06% APY for a 12-month term. Minimum deposit is $500, and it requires new money. The offer is scheduled to last through December 31, 2008.
Membership is open to those who live, work, worship, go to school in the City of Houston or Washington County. Please refer to the credit union's membership page for the full details. Membership requires a minimum deposit of $25 into the savings account.
Branches are located in Houston and Brenham, Texas.
My last post on this credit union was in March when it was also offering competitive 6 and 12-month CDs.
Primeway FCU has some strong financial ratings for soundness: 4 stars (excellent) at BauerFinancial and 4 stars (sound) at Bankrate.com. Both ratings are based on 6/30/08 data. The credit union is federally insured by the NCUA (Charter # 2131). It has $243.7 million in assets and 39,547 members.