Capital Communications Federal Credit Union is offering some competitive special certificate rates. The most competitive one is the 39-month certificate with a 3.15% APY. Minimum deposit is $500. The other specials are not quite as competitive. These include a 2.40% APY 27-month CD, a 1.80% APY 14-month CD and a 1.85% APY 21-month CD which allows for withdrawals of up to $1,000 without a penalty. These rates are listed in the credit union's deposit rates page as of 11/09/2009.
Membership is open to those who live, work, worship or attend school in one of the following New York cities: Albany, Cohoes, Mechanicville, Rensselaer, Schenectady, Troy, Watervliet and Town of Green Island. You can also be eligible to join via select employee groups and immediate family members. Please refer to the credit union's membership eligibility page for the full details.
The credit union's ratings for safety and soundness are fair: 3 stars (performing) at Bankrate.com and 4 stars (excellent) at BauerFinancial. Both ratings are based on 6/30/09 financial data. The credit union is federally insured by the NCUA (Charter # 8658).