Dedicated to Deposits: Deals, Data, and Discussion

5.09% 15-Month CD at GCS Federal Credit Union in Illinois


Update 11/17/08: This special CD appears to have ended. Please refer to the credit union's website for the latest rates and specials.

GCS Federal Credit Union has a very attractive CD special with a 5.09% APY for a 15-month term. The minimum deposit is $1,000, and there is no mention of a maximum deposit. It's listed in a banner on the credit union's front page and in the rate table.

I've posted on a few good CD deals from this credit union in the past. My last post was in January.

Membership is open to persons who live, work, worship or go to school in Madison County or most of St. Clair Counties. You can also be eligible to join through various select employee groups. Please refer to the credit union's Membership Page for more details. Membership requires a $5 minimum balance in the share savings account.

Branches are located in the eastern part of the St. Louis Metro Area in the Illinois cities of Collinsville, Edwardsville, Pontoon Beach, Granite City and Madison.

GCS Federal Credit Union has some solid financial ratings for soundness: 5 stars (superior) at BauerFinancial and 4 stars (sound) at Both are based on 6/30/08 data. The credit union is federally insured by the NCUA (Charter # 4336).

  Tags: Illinois, CD rates

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Comment #1 by Anonymous posted on
An absolutely fantastic deal, but I do not live in their service region. Anyone not living near to them find a way in??