Dedicated to Deposits: Deals, Data, and Discussion
DETAILSINSTITUTIONAPYMINMAXPRODUCT
Visions Federal Credit Union2.17%$500-5 Year CD - Relationship
Visions Federal Credit Union1.92%$500-5 Year CD - Superior
Visions Federal Credit Union1.26%$500-2 1/2 Year - 41 Month CD - Relationship
Visions Federal Credit Union1.01%$500-2 1/2 Year - 41 Month CD - Superior
Accounts mentioned in this post. Rates as of August 21, 2014

Top CD & IRA CD Rates at Visions FCU in Parts of NY, NJ & PA

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Visions Federal Credit Union

Visions Federal Credit Union recently increased its share and IRA certificate rates. The 5-year and 30-month CD rates had the largest increase, and they are now very competitive. The standard 5-year CD yield is 2.02% APY with a minimum balance of $500. A member can qualify for a relationship rate of 2.28% APY by having a checking account with a credit card or loan. The standard 30-month CD yield is 1.41% APY (1.66% APY relationship rate). These rates are listed in the credit union's share certificates page as of 1/17/2013. Note, the credit union requires you to enter your zip code to see the rates. These rates show for zip codes in both New York and New Jersey. The details of the relationship rate requirements are listed below the rate table. Under these details, the credit union describes the early withdrawal penalties. For this CD, it's up to 180 days of interest.

Visions FCU expanded into New Jersey last year due to the merger with Paragon FCU. Membership is now open to those who live, work, attend school, or regularly conduct business in Bergen or Passaic Counties; or portions of Essex, Hudson, or Union Counties.

In addition to the above New Jersey counties, the following New York and Pennsylvania counties/cities are included in the field of membership: Broome, Chenango, Tioga, Chemung, Schuyler, Rockland Counties, and the Cities of Rochester and Syracuse in New York; Bradford County, portions of South Westmoreland, North Fayette Counties; portions of the Cities of Allentown, Bethlehem, or Easton in Pennsylvania.

Please refer to the credit union's membership page for more details. The credit union has an online application for membership.

Credit Union Overview

Visions FCU branches are located in Rochester, Syracuse and several cities in the eastern section of New York State's Southern Tier. There are also three branches in northern Pennsylvania. Paragon FCU's old New Jersey branches which are now under Visions FCU are located in Dumont, Mahwah, Oakland, Englewood Cliffs, Montvale and Westwood.

Visions FCU is a sizable credit union with $3.06 billion in assets. Its overall health score at DepositAccounts.com is 4 stars (out of 5) with a Texas Ratio of 10.01% (above average) based on September 2012 data. Please refer to our financial overview of Visions Federal Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 17429).

How These CD Rates Compare

The best nationally available 5-year CD yield is 2.05% APY at Citizens State Bank. The best 30-month CD yield is 1.40% APY at Salem Five Direct. These rates are accurate as of 1/17/2013.

Searching for Top CD and IRA CD Rates

You can search our tables to find the best rates that are nationally available and the best rates that are available in your state. To learn how to do this please refer to the post Tips on using our rate tables. The links to the rate tables are provided below:

Note, the 1-year term is the default for the CD and IRA rate tables. Use the top menu to select different terms.


  Tags: New York, Pennsylvania, CD rates, IRA rates, Visions Federal Credit Union, New Jersey

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Comments
3 Comments.
Comment #1 by stormdog123 posted on
stormdog123
Vision credit union is one of the worst credit unions in America. They are just unreasonable to deal with.

i.e. to get the relationship bump-up you must do one one thing from Column A and one from Column B

Column A






  • VisionsPlus Checking with Visa Check Card with a minimum of 3 check card purchases per month
  • Visions Superior Checking with Visa Check Card with a minimum of 3 check card purchases per month
  • VisionsDirect Checking with direct deposit with a minimum of 3 transactions per month
  • Visions "E" Checking with a minimum of 3 check card purchases per month or a minimum of 3 Bill Payments per month
  • HSA Checking with Visa Check Card
  • Business Checking with a minimum of 3 transactions per month
Column B







  • MasterCard Classic, Gold or Platinum Credit Card with a minimum of 3 purchase advances per month
  • Consumer loan balances of $10,000 or more
  • Mortgage/HELOC loan balances of $25,000 or more (includes TaxSaver)
  • Business loan balances of $50,000 or more
1 - Annual Percentage Yield

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Comment #2 by Anonymous posted on
Anonymous
Unfortunately Stormdog123 is correct in their assessment of Visions. As a member for several years now their customer service is at best poor if you need to call.  Wait times are excessive. Their relationship rateis  are complex and confusing and are interwound with fees and special requirements that are hard to understand.  INHO thier website is marginal....poorly designed and difficult to find information on. One thing is unique about Visions is that they are fully aware of their shortcomings and are willing to live with it. My experience with their customer service and their management on such topics as trust accounts has been disappointing at best with many answers of "yeah...it doesn't make sense but its a rule"  They fit the description of "never it doubt but often wrong" However if you elevate enough you do get competent folks who are knowledgeable but overall its a painful process. 

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Comment #3 by Kaight posted on
Kaight
I'm a Visions member and have had pretty good experience with them.  Certainly it has been no problem whatsoever getting the relationship rate.  It was straightforward for me simply to obtain and use one of their credit cards.  My Alliant hub pumps out the required small ACH deposit each month automagically.  What's not to like!!

Visions does have a problem, in some branches, where the branch manager is inferior to (i.e., knows less than) her subordinates.  Most often I try to work around that by making effort to deal with the subordinates whenever I can.  

But overall Visions is great.  The people are helpful, and the high yields are the best of all!!

 

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