Service Credit Union is offering a limited-time CD special that's very competitive: 2.15% APY for 13 months. Minimum deposit is $1,000. It's only available online (not by phone or at branches) The offer is scheduled to last only to midnight Monday (2/15/2010). The offer is shown on the front page of the website.
The credit union continues to offer two other competitive CD specials: 2% APY for 9 months and 2.25% APY for 19 months. These rates are listed in the credit union's rates page as of 2/14/2010. Unlike the 13-month CD, these are also available at the credit union branches.
The online application uses the Andera account opening system. Transfers are done via ACH or by debit/credit card.
Service Credit Union membership is available to anyone living or working in New Hampshire (except Coos County which is way north in NH) and in the Falmouth MA area, as well as anyone related to an existing member (by family), or anyone who has served in the US Military. Please refer to the credit union's membership eligibility page for the full details. Membership requires a $5 minimum balance in the share savings account.
Branches are located in the New Hampshire cities of Bedford, Lebanon, Epping, Keene, Manchester, Newington, Portsmouth, Rochester, Salem and Somersworth and in Falmouth, Massachusetts. There are also branches in Germany to service military members.
The credit union's ratings for safety and soundness are strong: 5 stars (superior) at BauerFinancial and 4 stars (sound) at Bankrate.com. Both are based on 9/30/09 financial data. The credit union is federally insured by the NCUA (Charter # 68375). It's a large credit union with $1.4 billion in assets and 124,270 members.