Transportation Federal Credit Union is celebrating its 75-year anniversary with a special CD that it calls the Diamond Anniversary Share Certificate. It has a 2.00% APY with a 3-year term. Minimum deposit is $1,000. This is a limited-time offer. This special CD is listed in the credit union’s promotions page as of 2/21/2014.
The CD can be opened online, by phone or at one of the credit union’s branches. The details are listed in the promotions page.
Credit Union Membership
In 2012 when I reviewed this credit union, there didn’t seem to be an easy way for people to join if they weren’t employed by the Department of Transportation or other select employer groups. Last year I noticed another way to qualify. The credit union now lists the American Consumer Council (ACC) in its Join Us page. Anyone can join this council. However, the credit union has this council under its "Washington, D.C. and surrounding areas" list. In summary, it appears only ACC members who live in the DC area are eligible to join. For more details about membership eligibility, please refer to the credit union’s Join Us page.
Credit Union Overview
Branches are located in Washington, DC and in Cambridge, MA. The credit union is a member of the CU Service Centers so members can conduct many banking transactions at other credit unions around the nation that are also part of this network.
The credit union has an overall health grade at DepositAccounts.com of an A with a Texas Ratio of 1.97% (excellent) based on September 2013 data. Please refer to our financial overview of Transportation FCU for more details. The credit union is federally insured by the NCUA (Charter # 3140).
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