Dedicated to Deposits: Deals, Data, and Discussion

3.00% 12-Month CD at Delta Community Credit Union - Easy Membership


Delta Community Credit Union
Delta Community Credit Union continues to offer some competitive CD rates. They usually update rates at the start of each month, so they may not last much longer. The rates include 2.50% APY for 6 months, 3.00% APY for 12 months, 3.15% APY for 24 months, 3.25% APY for 36 months and 3.75% APY for 60 months. Minimum deposit is $1,000. The money marekt account has tiered rates that are also fairly competitive. Rates include 2% APY for $10K minimum and 2.50% APY for $50K minimum. These rates are listed at the credit union's rate table as of 2/26/09.

One nice feature of the credit union CDs is a mild early withdrawal penalty: 31-day interest penalty for maturities of 12-months or less and 90 days interest-penalty for maturities over 12 months. Please refer to the bottom of 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.

Joining the credit union and opening accounts are much quicker if you can visit a branch. Readers commented on their experience joining this credit union in my November post when the credit union was offering a 4.50% 12-month CD. The reader who joined with a branch visit reported a very easy process.

Branches are located throughout the Atlanta Metro area. There are also branches in Florence, Kentucky (Cincinnati Metro); Salt Lake City, Utah; and Southlake, Texas (Dallas Metro).

Delta Community Credit Union has very strong ratings for saftey and soundness: 5 stars (superior) at BauerFinancial and 5 stars (superior) at Both ratings are based on 9/30/08 financial data. The credit union is federally insured by the NCUA (Charter # 66357). It's a large credit union with $2.9 billion in assets and 181,259 members

  Tags: Georgia, Delta Community Credit Union, Utah, Kentucky, CD rates, Texas, Ohio

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Comment #1 by Anonymous posted on
I joined this credit union last November to take advantage of the 4.5% 12 month CD and can add some little known insights, along with my enthusiastic endorsement.

First, Delta kept the CD promotion open for a long time when 4.5% APY was considered very generous for the 12 month duration. They said the plan was to keep it open through December and, if memory serves, stayed pretty much on plan.

Second, accrued interest is deposited monthly and reported in monthly statements that are both clear and explicit. For example, even the APY on the savings account is detailed. By contrast, some of the places where I bank (credit unions and banks) don’t do paper statements, some provide statements on only a quarterly basis, some deposit interest quarterly or only at maturity.

Finally, the icing on the cake: On January 1 of this year, Delta deposited a patronage bonus in my savings account amounting to 4.50% of dividends earned in the prior year. The announcement indicated that loan customers, too, were receiving a patronage refund (2.50% of interest paid). Further, according to the announcement, it’s the third consecutive year that Delta was doing this. To get a bonus on top of the already nice interest was a very pleasant surprise.

Comment #2 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for sharing your experience. The year-end bonus dividend is another benefit of being a credit union member. I received a few several years ago, but none of my credit unions gave any bonuses in the last couple of years. This is another indication that Delta is doing well.