This special CD is only available at this new El Segundo branch, and it's only available this Friday and Saturday. The branch's phone number is 310-426-7400.
The credit union also has a good deal on its SeekMore Checking Account with a 1.60% APY if the member has direct deposit or at least one loan of $10,000 or more. This checking account is available at all of their branches.
My last report on this credit union was in May 2008 when it was offering a 5% 5-month CD.
Membership is open to members of several organizations. One is the Friends of the Webster Public Library which anyone can join for a $8 fee ($5 for those 60 and over). Another is the Heal the Bay. Anyone can join this with a $25 fee. You can also be eligible to join the credit union without joining an association if you live, work, worship or attend school in various communities around the nation. For the full details of credit union eligibility, please refer to their Membership page. Membership requires a minimum deposit of $5 in the Membership Savings account.
Xceed Financial Credit Union's ratings for safety and soundness are mixed: 4 stars (excellent) at BauerFinancial (based on 6/30/09 data) and 2 stars (below peer group) at Bankrate.com (based on 3/31/09 data).
The credit union used to be Xerox FCU. The name changed to Xceed Financial in 2008. The credit union is federally insured by the NCUA (Charter # 20068).
Thanks to the reader who emailed me info on this special.
Other Competitive Certificate of Deposit Rates