CEF Credit Union continues to offer competitive long-term CD rates. For regular certificates these include a 3.15% APY 60-month CD, a 3.00% APY 48-month CD and a 2.60% APY 36-month CD. Minimum deposit is $1,000. An extra 0.10% is added for Jumbo certificates with a $100,000 minimum. These rates are listed at the credit union's rate table as of 4/28/2010. These are also listed at Valley Credit Union's rate table. Valley Credit Union was a California credit union that was merged into CEFCU with help from the NCUA. It's now a division of CEFCU.
CEFCU CDs are also available in Traditional and Roth Individual Retirement Accounts (IRAs) and Coverdell Education Savings Accounts (ESAs).
Membership into CEFCU is open to anyone who lives or works in one of many counties in Illinois. Please refer to CEFCU's membership eligibility page for the full details. Membership into Valley CU is open to anyone who lives, regularly works or regularly worships in Santa Clara County, Contra Costa County or Alameda County of California. Please refer to Valley's membership eligibility page for the full deails. Membership requires a $1 one-time fee and a $5 minimum balance in the savings account.
CEFCU's ratings for safety and soundness are above average: 4 stars (excellent) at BauerFinancial (based on 12/31/09 data), 3 stars (performing) at Bankrate.com (based on 9/30/09 data), and an overall score of 4 out of 5 health score at DepositAccounts.com. The credit union is federally insured by the NCUA (Charter # 68448). It's a large credit union with over $4 billion in assets.