E-Central Credit Union is offering some competitive long-term CD and IRA CD rates. These include a 2.87% APY 5-year CD, a 2.62% APY 4-year CD and a 2.27% APY 3-year CD. Minimum deposit for these rates is $10,000. Slightly higher rates are available for a $50K and $100K minimum deposit. These rates are listed in the credit union's rates page as of 9/15/2010.
According to the credit union's eligibility page, one of the criteria to be eligible to join the credit union is if you "belong to another credit union". I should have included this in my list of the strangest credit union eligibility requirements.
You can also qualify if you live, work, worship, or attend school in one of many California cities. Please refer to the eligibility page for the full details. Membership requires a $5 fee and a $25 minimum balance in your savings account.
Branches are located in Pasadena and Los Angeles, California.
The credit union's overall health score is 3 out of 5 with a Texas Ratio of 36.45% (above average) based on June 2010 data. Please refer to our financial overview of E-Central Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 62323).
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