CoVantage Credit Union is offering some competitive rates on its standard and special certificates. The most competitive standard certificate rate is 2.30% APY for a 12-month term. Minimum deposit is $1,000. The two special certificates include a 2.35% APY for an 18-month term and a 3.40% APY for a 57-month term. Minimum depositi is $5,000. The same rates are also available in IRA certificates. These rates are listed in the savings rates sheet as of 9/21/09.
In addition to CD rates, the credit union also has a competitive rate on its savings account. The rate as of 9/21/09 is 1.50% APY, and the minimum deposit is only $10.
Membership is open to those who live or work in one of several Wisconsin and Michigan counties. Please refer to the credit union's membership page for the full details. Membership requires a minimum balance of $10 in the share savings account.
Branches are located in the Wisconsin cities of Antigo, Crandon, Shawano, Wausau and in the Michigan cities of Crystal Falls and Iron River.
CoVantage Credit Union's ratings for safety and soundness are above average: 5 stars (superior) at BauerFinancial (based on 6/30/09 data) and 3 stars (performing) at Bankrate.com (based on 3/31/09 data). The credit union is federally insured by the NCUA (Charter # 66848).
Thanks to the reader who emailed me news of this credit union.
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