Dedicated to Deposits: Deals, Data, and Discussion
DETAILSINSTITUTIONAPYMINMAXPRODUCT
USAlliance Credit Union0.60%$500-11 Month CD
Accounts mentioned in this post. Rates as of July 23, 2014

Special CD Rates at USAlliance FCU - Easy Membership

POSTED ON BY

USAlliance Credit Union

USAlliance Federal Credit Union has regularly offered CD specials. One that they have offered since March is a 1.01% APY 11-month CD. There’s a new 13-month special that will be officially released in July, but they have been promoting it by email to members. A DA reader forwarded to me the email he received (hat tip!). This new CD special doesn’t appear to be listed yet on the credit union’s website. In an online chat with a credit union rep I was told the details of this 13-month CD special will be published in July. Update 7/5/13: The credit union now has the 13-month CD special listed in this promotions page.

Update 7/19/13: The 13-month CD special has ended.

The credit union is calling this new July special the Star Spangled Savings CD Special. The 13-month CD has a 1.31% APY. Minimum deposit is $500, and the maximum deposit is $100,000. There’s a limit of one CD per member. New money is required, and e-statements are required.

Update: I was just informed by the credit union of another CD special. This one is a 2-year CD with a 2.00% APY. The credit union calls this the "Two For Two" CD. Minimum deposit is $500, and there is no maximum deposit and no limit on the number of CDs that a member can open. The only requirement is e-statements. Like the 13-month CD special, this isn't currently advertised on the credit union's website. This is scheduled to be advertised starting the second week in July, but they are offering it right now for DA readers as an unadvertised special. They have created a special link for DA readers that leads directly to the online application: www.usalliance.org/twocd.

Update #2 - 7/6/13: I was just informed by a credit union official that they have ended the 2% CD promotion effective immediately. The 13-month and 11-month CD specials are still available.

Membership

The credit union has an online application that can be used to apply for membership and new accounts. In the first page of the new-member application, you must select how you are eligible to join. The first option can be chosen by anyone:

I will become a member of the American Consumer Council (ACC). ACC is a non-profit organization that advocates consumer education and financial literacy. There is no fee to join ACC for those seeking membership in USAlliance.

Credit Union Overview

USAlliance FCU branches are located in New York, New Jersey and Massachusetts.

The credit union has an overall health score at DepositAccounts.com of 3 stars (out of 5) with a Texas ratio of 19.93% (average) based on March 2013. Please refer to our financial overview of USAlliance FCU for more details. The credit union is federally insured by the NCUA (Charter # 17587).

How This CD Rate Compares

The best 1-year CD rate that’s nationally available is 1.16% APY at State Bank of India - Chicago, but this can only be opened at the Chicago branch or by mail. The best rate at an internet bank is 1.05% APY at DollarSavingsDirect. Another noteworthy deal is Doral Direct’s 1.02% APY 18-month CD. What makes this noteworthy is its one-time penalty-free withdrawal option (see my review). These rates are accurate as of 6/28/2013.

Searching for the Best CD Rates

To search for nationwide CD rates and CD rates in your state, please refer to the best CD rates section of DepositAccounts.com.


  Tags: USAlliance Credit Union, CD rates, New York, New Jersey, Massachusetts

Related Posts

Comments
73 comments.
Comment #1 by my2cents posted on
my2cents
Just called and talked to a Telephone rep. Not worth it for IRAs. For those interested in IRAs, they charge $36/yr IRA upkeep fee, and the CD is LOCKED (meaning you can't add onto it once it's opened). No "adding on next year's contributions" or "rolling over" funds from another institution once they mature there. You'd have to open up new CDs each time. This is the way most banks/CUs work -- but not all (for instance, NavyFed allows you to add your yearly contributions to existing IRA CDs, as does at least one other [narrow membership] credit union I know of).

This means even at 2%, this CD is NOT worth it for IRAs, because:

(a) the max you could have in an IRA CD here would be your yearly contribution of $5500 (unless you're lucky enough to have rollover funds from previous IRAs maturing within the next week or so, or have your IRA funds liquid and handy at this very moment).

(b) for IRAs, they will charge you $72 in IRA upkeep fees for that 2-year period ($36/yr). So if your IRA CD is only for $5500 and you have to pay $72 in fees, it sure brings that 2% down.

(c) Also, not a problem, but if it's an IRA, I was told paperwork needs to be done (can't be done on the internet or by phone, and probably not by FAX -- original documents sent back and forth in the normal mail). Again, not a problem if you really want to do it, but it'll be more cumbersome.

Thanks for the tip about this CD. If I didn't have funds elsewhere earning about 3% (at least for another couple years) I'd consider it. But just wanted to inform people that while this is definitely inticing in today's market for a normal CD, it isn't worth it for an IRA CD unless you have large amounts of IRA funds available NOW (while the promotion is going on) to make one IRA CD -- because you won't be able to add to it later (either with rollovers or add-ons).

 

9
Comment #2 by Anonymous posted on
Anonymous
@my2cents: did you call the CU to find out this information re: if they will accept IRA CDs for this promotion. I ask because I chatted with a representative who did not seem to know about the 2% promotion, just the 13 month promotion.

thanks.

2
Comment #3 by my2cents posted on
my2cents
Yes, as I just stated in the above post, I called and talked to a telephone rep. She put me on old to ask someone, then came back on the line and said yes, the 2% could be used for an IRA, but that paperwork would have to be done probably through the mail, as they require originals, and not just FAXes. They do have an IRA desk that someone can call you back from, but I found out all I needed to know for myself (the fact that you can't add either new year's contributions or rollovers). If you want, you can always call on Monday and ask someone else. The rep I talked to knew about the 2% CD, but wasn't sure about the IRA so had to put me on hold to ask.

Again though, unless you have a bunch of IRA funds liquid and handy, it's not worth the $72 in fees over 2 years just to get 2% on $5500...

 

4
Comment #4 by Anonymous posted on
Anonymous
Bank rate has this credit union at two stars, very weak with .30 nonperforming ratio. I understand there is federal insurance but it seems pretty risky nonetheless.

5
Comment #5 by Anonymous posted on
Anonymous
Earlier this year, USAlliance FCU merged with the UniteHere FCU in New York City. The latter is a piggybank. This merger is intended to allow USAlliance to access the NY metro market. Since the NCUA approved this, it's unlikely that USAlliance is in imminent danger of failing.

3
Comment #6 by Wil posted on
Wil
Thanks, Ken for the heads up on the new two-year promotion. I work in Jersey City (where there is a branch), though I think applying online would be easier. I'm not really thinking of opening an account for myself, but my Dad has a lot of cash sitting in Barclays Bank's internet division, so he could easily put $25K or more into a CD for two years. I think any amount less than $25 probably wouldn't be worth it.

2
Comment #7 by Anonymous posted on
Anonymous
Limit $100,000.

3
Comment #8 by Anonymous posted on
Anonymous
I opened one of the 2% 2 year CDs today, it was pretty easy.

4
Comment #9 by Anonymous posted on
Anonymous
Limit 100K per account but you can open more than 1 account...... the rep told me they don't expect it to last very long.

4
Comment #10 by Anonymous posted on
Anonymous
Unitehere has a 55% nonperforming asset ratio.

2
Comment #11 by Anonymous posted on
Anonymous
It's ncua insured if that is not safe nothing is.

2
Comment #12 by Anonymous posted on
Anonymous
When the banks were in trouble they were offering high rates, I never worried, I bought as high a rate as I could and  only two closed on me, one was Washington Mutual..... Chase took them over and didn't change the rate..... the rate was 5.5% so I won that time..... I can't even remember the other bank that closed on me but I didn't lose a dime.

2
Comment #13 by Wil posted on
Wil
Applied online for my Dad, he decided to put $30K in it. Fairly standard online application process, though it ended with a statement about being contacted by them. Application didn't ask about American Consumers Council or about the necessity of a share savings account. Didn't indicate a POD option either (I hope that it can be made POD, as my Dad will be 89 in three weeks).

5
Comment #14 by scottj posted on
scottj
Found this in their disclosure:

Beneficiaries: If you name one ormore beneficiaries, you will

create a revocable trust for the benefit of the named beneficiary(ies).You, and any joint owners, and theCreditUnion agree

and intend:

• That this trust be revocable;

• That you may use this account as your own, including

closing it at any time;

• That any owner can change the beneficiary(ies) at any time;

• That in the event of any conflicting instructions, the Credit

Union will follow the instructions of the primary or first named

account owner; 

So looks like it can be done. Since I live a few miles from a branch I plan on going in tomorrow to see about opening account in my trust name

4
Comment #15 by Anonymous posted on
Anonymous
Not available in person/at branch until July 8.  Presently, only available online thru Ken's link.

1
Comment #16 by Scottj (anonymous) posted on
Scottj
Anyone know if they do a hard pull?

1
Comment #17 by Anonymous posted on
Anonymous
Seems kind of weird they would have a special link just for DA readers? Unless Kens site has been hacked and all the money transfered through that link ends up iSomewhere in Africa :)

1
Comment #18 by Anonymous posted on
Anonymous
The NCUSIF took such a hit in '09 from failing CUs that they had to increase premiums greatly on the remaining credit uniions they insure to replenish their fund.  It has its limitations.

FDIC has a very large credit line to the treasury.  As far as I know NCUA does not.  Yes, there would need to be a very large crisis where the NCUA could not cover but I'm not sure an extra 1% is enough incentive to put one's money in such a weak and evidently poorly run CU. 

 

2
Comment #20 by Anonymous posted on
Anonymous
#18....The ncua is backed by the government just like fdic...... if the ncua doesn't pay then I think the we will be in more trouble than you and I can imagine.

2
Comment #19 by Anonymous posted on
Anonymous
Which checking/savings account are you folks creating with the CD?

1
Comment #21 by Anonymous posted on
Anonymous
Ken, what do you think? Safe to open or not? I think safe but would like your opinion.

4
Comment #22 by Aunt Bessie (anonymous) posted on
Aunt Bessie
Two questions:

1. What's the early withdrawal penalty?

2. Simple or compound intrest? If compunded, daily or monthly?

2
Comment #24 by lou posted on
lou
Did you guys see under  "other terms and conditions" that the credit union can redeem the certificate at its option after providing 60 day notice.  I don't believe I have ever seen a call provision for a CD. Not sure I would like this.

8
Comment #25 by scottj posted on
scottj
Lou I would be more worried about that if this was say a 5 year CD, but with it being 13 months and 24 months not a big deal to me. I'm going to put the max insured amount in, just trying to decide now if I want to put it all in the 24 months or $100k in 13 and rest in 24?

1
Comment #26 by paoli2 posted on
paoli2
Lou:  Fidelity and Vanguard Brokerage's CDs have to be selected carefully since many of their CDs are not Call Protected.  If I am dealing over the telephone with them for a CD, I always ask them if it is "Call Protected".  On their webpages it will either say "Yes" or "No".  I have not had a credit union CD that stated any type of Call Provision.   Thanks for making us aware this one does.

3
Comment #27 by Anonymous posted on
Anonymous
Good catch, Lou, about callability.  It's a weird feature to be applicable to all varieties of CDs at an institution.  Usually, a bank or credit union offers both callable and non-callable versions, with perhaps a higher rate for the the callable.  Maybe that's the trick here supporting a 2% rate--the cu is hedging itself against an increase in market rates.  If they don't go up substantially, it can call this CD.

4
Comment #28 by Anonymous posted on
Anonymous
Under their terms and conditions certificates can most definitely be called with a 60 day notice.  The old rule applies "if something seems to good to be true it usually is".

 

3
Comment #29 by scottj posted on
scottj
Still not worried about it, probably just some standard lingo they use in case they got sold or something. They have offered some good deals in the past, anyone know if they ever called a CD before? Even if it did get called the 2% I got is almost double what I'm getting where the money is now and I see no other deals worth locking up money in right now

4
Comment #30 by Anonymous posted on
Anonymous
I had a callable Cd at a California bank many years ago and it got called when rates went down!

2
Comment #31 by Anonymous posted on
Anonymous
Whether the call language is just "boilerplate" or part of a conscious hedging policy of the cu, a 2%, 2-year callable CD is still a pretty good deal financially.

3
Comment #32 by lou posted on
lou
I agree with Scott and #31, a call with a 6 month notice is not a deal breaker for a 24 month CD. However, I would certainly be weary if the CD had a longer maturity than this. I think this is the first time I have enocuntered this with a bank or credit union CD. As Paoli2 said, you do see call provisions with broker CDs.

I also noticed there is a paragraph  about not permitting the conversion of CDs. Does anyone know what they are referrring to here?

3
Comment #33 by Anonymous posted on
Anonymous
If they are callable, just to be certain, you may want to be sure that the call price is at or above par value.

2
Comment #34 by paoli2 posted on
paoli2
Lou:  the exact statement reads:  Conversions: No conversions of Certificate Accounts are allowed prior to
the maturity of the account.

I tried to get them on the phone but they seem very busy and didn't pick up.  My understanding would be that they don't allow one to convert different CDs until they mature.  I tried to make changes to some CDs I had with another bank recently and they would only do it if I closed them and redid them with new changes.  At this bank they agreed not to charge me EWPs but I would have lost out on some interest so I didn't make the changes. 

2
Comment #35 by Anonymous posted on
Anonymous
The membership agreement says an early call by the cu is without penalty, and the amount you get is the CD balance plus posted dividends.

3
Comment #36 by Anonymous posted on
Anonymous
Applied two days a go, but haven't received a email or phone call. I hope these guys are legit.

1
Comment #37 by OldGuy posted on
OldGuy
I applied 2 days ago also, and, late this afternoon, the online application page changed my application status from "Pending" to "Approved."  However, there wern't any documents, like a CD Receipt, which I assume shows up when the ACH funding account is debited.  Anyway, I'm keeping my eye on this regularly! 

4
Comment #38 by Anonymous posted on
Anonymous
They had me set up a password when I applied, but they did not have me set up a username! Weird!!!

2
Comment #39 by Anonymous posted on
Anonymous
Did anybody have to set up a member's account with $5...... I did.

3
Comment #40 by Anonymous posted on
Anonymous
#39 When I applied for a CD, I was never asked for the $5 member fee. I am still waiting to get my CD application processed, going on 3 days.

2
Comment #41 by Anonymous posted on
Anonymous
I do not like to fool with credit unions which do not have shared branches in my city.  I have had more problems with out of state credit unions than banks for some reason.  They make errors and take too long with the back and forth phone calls to correct.  Just my personal preference with CDs.

2
Comment #42 by OldGuy posted on
OldGuy
Following up, my CD and savings account receipts appeared online this morning.  CD rate was 2.00% APY as promised.

#38--your e-mail address is the ID.  As I understand it, the password is solely for the purpose of applying for an account.  You'll have to set up another when your application is approved.

#39--no $5 fee required for me.  Was this a $5 minimum deposit into a savings account they asked for?

4
Comment #43 by Anonymous posted on
Anonymous
I am out of town so I had my wife open the CD, she said she had to open a member savings account for $5...... I talked to her a little while ago and she said they gave her an acct# for the member account and an account number for the CD.

3
Comment #44 by Scottj (anonymous) posted on
Scottj
Was getting nowhere trying to open online so just went into branch. Looks like they do a hard pull since it was my credit freeze ****ing things up. They were able to open without pull and was nice that I was able to do 24 month for $250k, online limits you to $100k per cd

3
Comment #45 by Anonymous posted on
Anonymous
Thanks Oldguy!

They have a weird way to check your application status.  You do not login on the button for online login.

Instead, you click

online application center button, then
Click Returning to this System and log in with the email and password you set up during the application process!

I hope this helps.


2
Comment #57 by Anonymous posted on
Anonymous
#45   did you have to do another set-up (answer all those set-up questions) just to see the status of your application? when you did see the status, did it let you know whether the ach deposit was in progress or already done?

i just wanted to know if the ach transfer was set up, since the balances are zero when i look at the accounts in online banking.  previously i had to call to finish the 'referred'  application, which i suspect happened because i hadn't selected to open the membership/savings acct when i applied for the cd. 

1
Comment #46 by Anonymous posted on
Anonymous
If I am understanding the terms of the 2 yr CD correctly, the EWP is interest up to 180 days yet the Credit Union has the right to call the CD with no corresponding penalty for them to pay for redeeming early.  This is a no brainer for me.  I'll keep funds in money market getting about 1% until a better deal comes along.

4
Comment #47 by scottj posted on
scottj
Was a no brainer for me also, would rather make almost double than the account I took it from. Did not even bother with the 13 month, put whole amount into 24 month. I don't see rates rising anytime soon, maybe the 5 year terms will but way to early to lock them in. I think 2 years is a pretty sweet time frame. Also when I was handed the disclosure I showed her the call option, she said she has been with the bank for 14 years and has never seen a CD called. And in my case I have 3 more large CDs maturing in the next 3 months so if rates do rise I will be happy and this term fit in nicely in my ladder. 

4
Comment #48 by OldGuy posted on
OldGuy
Call options on the part of banks, without penalty payment, are common in the brokered CD market.  Some banks and cus also offer these CDs directly.  Also, many Federal agency obligations are callable--some after only 3 months--without penalty.  Like scottj, I'm not bothered with a 2%, 2-year CD.  A much longer term would make me think twice. 

4
Comment #49 by Bancxman (anonymous) posted on
Bancxman
# 45 Thanks. I was baffled about how to check my application status until your post.

3
Comment #50 by Wil posted on
Wil
My Dad's application status is still showing "referred." The credit union has not yet made contact by either telephone or e-mail.

2
Comment #51 by scottj posted on
scottj
Referred is not good, that is what mine was showing because of my credit freeze

2
Comment #52 by Bri (anonymous) posted on
Bri
I just opened up an account on line - overall it was a good experience.  They updated the link, so it goes to your membership affiliation first.  Also, be sure to have or select a savings account along with the CD.  The savings account must not be deleted, or per the service rep, it will likely cuase a large hicup in the process.  Also, to open up more than one, 2 year CD, be sure to select multiple CDs from the account selection tool.  My application was put as pending since there was an issue (an error) in my credit report.  I got a call back within 4 hours, by the District Manager who was very helpful.  We resolved the issue and she worked with me to set up benificiaries, etc.  I am impressed.  She also mentioned that although there is a call feature for the CDs in the disclosure, in her over 15 years with the CU, they have never called a CD.

2
Comment #53 by Wil posted on
Wil
I think there may be two problems: the application didn't include the selection of a savings account with the CD (something that I thought was strange - unless it was a separate step that I somehow missed) and it didn't include anything about membership affiliation back on Saturday. And it doesn't appear as though the application can now be edited, so I suppose we'll just have to wait until U.S. Alliance finally makes contact. Thanks to scottj and Bri for the additional information. I'm finding it odd, after what Bri said, that the credit union hasn't called yet.

2
Comment #54 by Anonymous posted on
Anonymous
I found out "referred' (in the application progress page) basically means cancelled by the credit union!  They did this to me when I opened 2 equal sized cds the same day, since they figured that I had made a duplicate by mistake.  Many other different issues also can cause them to cancel your application.  So call them if you see referred when you check your account.

Anyway, they quickly fixed it with a phone call.

2
Comment #55 by Wil posted on
Wil
Thanks. I had already decided that we will need to call.

2
Comment #56 by Bri (anonymous) posted on
Bri
As an add-on to my previous post, I also inquired about ACH transfers. I was told that there is no fee, and they can be done from both checking and savings.  Currently, there is no limit to the amount of accounts included or to the amount of funds transfered.  I had a hard time finding there routing no, which is 221981063.

3
Comment #58 by Wil posted on
Wil
We called the credit union this morning and got the application fixed. The problem apparently was that before the link was updated, there was no way of picking a field of membership qualification. The CSR was very helpful and patient, and we got the account successfully set up. By the way, the American Consumers Council is no longer an affiliated organization, so you will have to find another one in order to qualify for membership. On the phone they will do it for you.

 

Bri: Thanks for the information about ACH and the routing number. Also, I asked about dormant account rules. It is two years. CSR wasn't sure whether ACH transfers into/from the savings account would count as "activity." She said in the past it did not, but it might have changed.

3
Comment #59 by Bri (anonymous) posted on
Bri
Yes, to confirm Wils comment, the ACC has changed to WARC- the District Manager just informed me of that.  However, now you just select that option on-line - easy to do.  Here is the info from thier membership applic:



  Help children with developmental disabilities and their families through your USAlliance membership. By supporting WARC, a community-based outreach program, you'll qualify for membership in USAlliance and help children in need overcome the challenges facing them. USAlliance will happily help by making the $15 donation for you.

2
Comment #60 by OldGuy posted on
OldGuy
Update:

1.  Because I applied last weekend, I was told my ACC membership allowed me to join USAFCU, and that I don't have to join the WARC.  I guess I was somehow "grandfathered."  I take it this won't work for new membership applications now.

2.  The application process doesn't have an interest payment option selection, so I had to call to get dividends paid into my savings account rather than be capitalized in the CD.

3.  My funding account has been debited, and I now have online access.

4.  If they did a "hard" credit pull on me, I haven't received notice of it yet.  But I always expect a hard pull from a cu--it goes with the territory.

2
Comment #61 by scottj posted on
scottj
Seems a lot of banks/CU's only do the hard pull when opening online? once I went in there had no problem. I am keeping my interest in the CD, but was told at anytime I want can call and have all or part of earned interest either put in my savings or a check issued. Figure will watch them and if they seem in trouble will pull out the interest to stay fully insured. Wonder how long this deal will last? When I was in branch she told me they are preparing for big rush when they  advertise it. They are not a big CU like Penfed and only about $800mil in deposits so can't see it lasting to long. I think this deal will go down as one of the top deals of the last couple years like the Penfed 5% and USSFCU 3.33%, both found here along with the tricks to get in. This site has been such a huge help to us dedictated savers, so a big thanks to Ken and the many who contibute here

6
Comment #62 by OldGuy posted on
OldGuy
Further Update:


I just opened a second CD as an existing member.  I was "instant approved" and received a copy of the CD Receipt after giving the ACH funding information and answering the standard security questions.

I hope this offer stays open as they planned it.  I have several CDs maturing elsewhere in July.

2
Comment #63 by Anon456 posted on
Anon456
fully agree with Scottj #61 comments.  This site has been so very useful, because of KEN and the many member posters.

I did get my accounts opened and funded.  Seems you only need to have $5 in either the checking or savings account.  You are NOT required to do the savings share like most credit unions.

These folks have a pretty long wait on the phone, but when you do get them, they are VERY helpful.  I got a taxable CD set up, and also got a rather large IRA CD done with funds going from NAVY FCU (also high marks from me) to USAlliance.

The initial ACH funding took two business days to show up.  I had to ask CS for help in getting the funds moved over the CD, and they were VERY helpful.

So far, very happy with this credit union.  Thanks again, KEN and DEPOSITACCOUNTS - very useful service and web site we have here.  Pls, everybody, if you hear of a special - come make a post.

3
Comment #64 by Anonymous posted on
Anonymous
Definitely call if you do not see progress on your application.  When I called today the problem was the savings account.  I had not applied for it - did not realize I had to.  The rep was very helpful.  The membership issue did not come up in our conversation.  Accounts are now set up and will probably be funded Friday.    

3
Comment #65 by Anonymous posted on
Anonymous
I'm out of town, I started the application and I think I remember choosing american consumer council, my wife followed up on it for me...... $5 into a membership savings account and 100K into the CD.......I asked my wife about the picking of a memebership field and she said she didn't have to..... the money was pulled from my amex savings account today. I have a member account# and a CD account#.

2
Comment #66 by Anonymous posted on
Anonymous
My CD has been funded and opened.

1
Comment #67 by Anonymous posted on
Anonymous
Pros.....great rates, fast ACH transfers, easy to join, ability to establish new accounts on line Cons......confusing processes....one for establishing new accounts and one for your established accounts, terrible phone customer service....excessive wait times, do not return calls, employees not knowledgable...possibly due to the use of a call center. not possible to  name beneficiary on line, CD's automatically set to renew (can change by calling), chat did not work, painful and length process to open accounts in a trust....requires reams of paperwork and complete copy of trust.  Most of these cons may be on line only related.

1
Comment #68 by Anonymous posted on
Anonymous
Curious as to whether the savings account that must be opened with the CD has any fees associated with it?

 

1
Comment #69 by Evelyn (anonymous) posted on
Evelyn
Follow-up regarding the USAlliance 2 yr. 2% CD -
I purchased one 7/2 - straight forward using the link that was provided @ depositaccounts.com, i.e. the special link set up for depositaccounts.com readers.  The money was transferred from my account on 7/3.

Anyone is eligible - no gimmicky credit union membership requirements like an active checking account, etc. If not a resident in that NY area to join the CU they make a contribution for you to an organization that supports disabled children in their area.

You have to set up an online savings acct. at the credit union because the only requirement is that you agree to electronic statements. You have to put $5 in your savings account. This is a normal requirement at all CU's - at least I think it is.

I had to phone because I was getting an error message after I purchased the CD and needed to set-up the online account - it was a Chrome issue that interfered with the pop-up.
They rep. was friendly, efficient, solved the problem. Welcomed me to the CU - advised an info. packet would be coming in the US mail soon. It takes about 48 hrs. for the money to transfer to actually purchase the CD.

 

2
Comment #70 by Anonymous posted on
Anonymous
2 year 2% deal is dead.

2
Comment #71 by Scottj (anonymous) posted on
Scottj
Regular members not even given a chance? They trust have got enough in and I'm sure more expensive for them to have branches lined up with customers to open . Oh well least we got in

1
Comment #72 by Scottj (anonymous) posted on
Scottj
Oops word above should have been must not trust. Since this deal was only listed here would be interesting to see what we opened with to cause it to get closed so quick.

1
Comment #73 by OldGuy posted on
OldGuy
USALLIANCE SAYS IT IS DISCONTINUING THE 2-YEAR CD OFFERING ON MONDAY.  I WAS ABLE TO OPEN ONE THIS MORNING ON THE TELEPHONE, AND WAS TOLD THAT TELEPHONE APPLICATIONS WOULD BE TAKEN UNTIL 1 PM TODAY.  ALSO, THAT ONLINE APPLICATIONS COULD BE  THROUGH TOMORROW.  RIGHT NOW, THE 24-MONTH CD DOESN'T SHOW UP ON THE ONLINE APPLICATION PAGES ON MY COMPUTER, BUT APPARENTLY THE CSRS CAN STILL SEE IT ON THEIR END.  I'VE INFORMED THE CU OF THIS PROBLEM. 

1
Comment #74 by Grant (anonymous) posted on
Grant
I got both the 2 year and the 13 month 4th of July week promotions this morning. The CSR told me the specials ended today close of business (1pm Saturday hours). This included online, phone, and branch. He said they frequently do specials, but most often around holiday weeks. He told me to check in periodicaly, but definitely Labor Day week.

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Comment #75 by cumulus posted on
cumulus
Bri @#56 writes:
> As an add-on to my previous post, I also inquired about ACH
> transfers. I was told that there is no fee, and they can be
> done from both checking and savings.  Currently, there is no
> limit to the amount of accounts included or to the amount of
> funds transfered.
>
This is incorrect. USAlliance currently does NOT offer an ACH
service.  When I spoke with a CSR this afternoon I was told that
such a service should become available in "approximately one month".

In the meantime, you can set up your USAlliance account with another
site (eg., Ally, Alliant) and initiate ACH requests via push/pulls
to transfer funds.

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Comment #76 by Anonymous posted on
Anonymous
13-mo 1.31% cd special has ended. no longer available.

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