Dedicated to Deposits: Deals, Data, and Discussion

2.70% 24-Month CD at Eastman Credit Union in TN, VA, TX, SC & AR - Local Only

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Eastman Credit Union
Eastman Credit Union is offering some competitive certificate rates. The two most competitive are the 24-month term with a 2.70% APY and the 12-month term with a 2.25% APY. The 3-year term also has a competitive APY of 3.10%. The minimum deposit is $1,000. An extra 10 basis points is added for a Jumbo CD with a minimum of $100,000. These rates are listed in the credit union's deposit rates table as of 7/09/09.

Eastman Credit Union has a history of competitive certificate rates. My last post on this credit union was in August 2008 when it was offering a 5% 48-month CD.

Membership is open to those who live, work or attend school in several counties in the northeast part of Tennessee. Counties in southwest Virginia and Harrison and Gregg Counties in northeast Texas are also included. There's also a long list of Select Employer Groups. Please refer to the Who Can Join Page for the full details.

Branches are located in Tennessee, Virginia, Texas, South Carolina and Arkansas.

The credit union's ratings for safety and soundness are a little mixed. Bankrate.com gives the credit union 3 stars (performing). BauerFinancial gives it 5 stars (superior). Both ratings are based on 3/31/09 financial data.

The credit union is federally insured by the NCUA (Charter # 68095). It's a large credit union with $2.1 billion in assets and 109,770 members based on 3/19/09 NCUA data. It has grown quite a bit since 2007 when it had $1.6 billion in assets and only around 81,000 members.
  Tags: Virginia, Tennessee, Eastman Credit Union, CD rates, Texas

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