Dedicated to Deposits: Deals, Data, and Discussion

4.50% 12-Month CD at Delta Community Credit Union - Easy Membership


Delta Community Credit Union
Delta Community Credit Union is offering a 4.50% APY 12-month certificate of deposit. The minimum deposit is $1,000. One nice feature of this CD is an early withdrawal penalty of only 31 days of interest which is less than the typical 3 months of interest for a one-year CD. Please refer to the rate page for more details.

Credit union membership is open to members of the GettingAhead Association. This appears open to people from any state who pay a $5 membership fee. You can be immediately eligible for credit union membership if you're a resident of one of several Georgia counties in the Atlanta metro area, work for one of their Select Employer Groups, or via family (not just immediate family). Please see the credit union's eligibility page for more details. Membership requires a minimum $5 deposit into the savings account.

The credit union is federally insured by the NCUA (Charter # 66357). It's a large credit union with $2.8 billion in assets and 174,354.

  Tags: Georgia, Delta Community Credit Union, CD rates

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Comment #1 by MrFrugality (anonymous) posted on
FYI (from the Delta online application):

"I understand that Equifax will access my credit file and other data sources to authenticate
my identity and facilitate the processing of this application for this account only.
I understand that I may be asked questions based on the information in my credit
file and in other databases as part of this process."

Comment #2 by Anonymous posted on
The deal is still active. They tell me it's expected to continue through December.

The application process is rather fragmented and not well explained. Here's what I learned: If you choose to apply for membership online, you must still return a paper form with your signature. Additionally, the online process does not inquire about CDs. For those, you must locate and complete a separate paper form. There's no mention of the need for a copy of your driver's license but it's indeed required. To streamline the process,you can return both the membership and CD forms together. In my package, I included a single check to fund both the savings and CD accounts, along with a cover letter explaining distribution. I just dropped that off in the mail so cannot yet comment on speed of processing.

Joining GettingAhead Assoc. is a purely paper process. I'm unsure how Delta will confirm eligibility.

Comment #3 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the info. Please keep us updated on how the account opening process goes.

Comment #4 by Anonymous posted on
Thanks for this deal. This was very easy. I went to the branch. They paid for the Getting Ahead membership as well as $5 for the savings account deposit. I did not have to sign anything for the Getting Ahead membership. They told me that the rate is valid thru end of December.

Note that if you call the central office number, you do not always get correct answers. When I called they told me that I have to have the GA membership before I can do anything!

Anyway. If you have a branch nearby, this is a nice deal.


Comment #5 by Banking Guy (anonymous) posted on
Banking Guy
Sean, thanks for the info. Glad to read they make it easy to join and that the 4.50% CD is scheduled to continue through December.

Comment #6 by Anonymous posted on
This is a follow-up to my post of 11/18 on the application process.

Yesterday I received CD confirmation in the mail. All data was correct, as we would expect, except for one small detail. They had my name inverted (last name appeared as first, and first as last). This explained why they were initially only able to confirm CD under my social security number but not name when I called a week ago. When I tried to sign up for online banking this afternoon, my "application" was automatically rejected because the name I gave (the correct one) did not match their records.

In calling Member Services, I was told the remedy was for me to file yet more paperwork. Not being the perpetrator of the mistake, I declined to do so. Because I was calling after the regular operating hours of 8:00 AM - 4:30 PM EST (Mon. thru Fri.), the CSR said she'd communicate my request by e-mail and that I could expect a call back within 24 to 48 hours.

I inquired also about the Membership kit, which did not accompany the CD confirmation, and was told that would be arriving separately.

There's no denying that the 4.50% APY is a solid deal. For those contemplating participation and live close to a branch, I recommend you take the branch route. From Sean's post of 12/2, there are apparently $$ advantages as well.