4.50% 24-Month CD Family First Credit Union in Michigan

Family First Credit Union is offering a competitive 24-month CD yield of 4.50% APY. Its 18-month CD is also competitive with an APY of 4.25%. The 18-month CD has a minimum deposit of $500. The 24-month CD minimum is $1,000, and it's also available as an IRA certificate. These rates are listed at the credit union's rate table as of 12/04/08.

According to the credit union's Join-Us page, membership is open to any retiree age 55 or older, receiving a pension, no matter where they live. Membership is also open to anyone living, working, worshiping or going to school in Saginaw or Bay County. Membership requires a minimum deposit of $10 in the savings account.

Update 12/08/08: A reader reported being informed by the credit union that he had to live within a 3 county area in Michigan and had to come in to a branch office for application.

Branches are located in Saginaw and Freeland, Michigan. The credit union is federally insured by the NCUA (Charter # 61909).

The credit union has fair ratings for soundness: 3 stars (adequate) at BauerFinancial and 3 stars (performing) at Bankrate.com. Both ratings are based on 6/30/08 data.

Tags: Michigan, CD rates, IRA rates