2.70% 24-Month CD at Communication FCU in OK - Local Only

Communication Federal Credit Union is offering some competitive share certificate and IRA rates. The most competitive ones include a 1.70% APY 6-month CD, a 2.05% APY 12-month CD and a 2.70% APY 24-month CD. Minimum deposit is $1,000. These rates are listed at the credit union's rates page as of 12/15/09.

The credit union also offers a reward checking account that currently pays 4.25% APY on balances up to $50K (see post).

Membership is open to those who live or work in the city of Broken Arrow or in the counties of Carter and Pottawatamie. You can also be eligible via a long list of select employee groups or via family (which can include cousins). Please see their Membership page for more details. Membership requires a minimum balance of $5 in a share account.

Branches are located in the Oklahoma cities of Tulsa, Oklahoma City, Norman, Broken Arrow, Lawton, Enid, Muskogee, Ardmore, Shawnee, and in Topeka, Kansas.

The credit union's ratings for safety and soundness are strong: 5 stars (superior) at BauerFinancial (based on 9/30/09 data) and 4 stars (sound) at Bankrate.com (based on 6/30/09 data). The credit union is federally insured by the NCUA (Charter # 3454). It has $562 million in assets and 46,408 members.

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