2.55% 18-Month CD at TEXAR FCU in NE Texas - Local Only

TEXAR Federal Credit Union is offering several very competitive online CD rates. The best one is a 2.55% APY 18-month CD. Some other good ones include a 2.25% APY 12-month CD and a 1.50% APY 6-month CD. Minimum deposit is $1,000. These rates are listed in the credit union's savings page as of 3/28/2010.

Membership is open to residents of the Texas counties of Cass, Bowie and Red River and the Arkansas county of Miller. The credit union's services page also lists the following groups as eligible for membership:

Members of school-related organizations such as PTA, PTO, VIPS, and booster clubs

Most retirees

I don't know if there are additional requirements for these groups. It's a small credit union, so they may not have intended to include new members outside their area.

Branches are located in the Texas cities of Texarkana, Atlanta, New Boston, DeKalb and Hooks, and in Texarkana, Arkansas.

The credit union's ratings for safety and soundness are strong: 5 stars (superior) at BauerFinancial (based on 12/31/09 data) and 4 stars (sound) at Bankrate.com (based on 9/30/09 data). The credit union is federally insured by the NCUA (Charter # 24567).