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Northern Federal Credit Union (Premium Choice Checking) -- Rate Dropped From 4.51% To 4.26%...

Friday, January 7, 2011 - 6:36 PMNorthern Federal Credit Union - Details
Same limit of $25K; the second tier dropped from 1.5% to 1.25%. 

Choice Rewards Checking has the same 1/4% drop: from (3.01%, $25K) to (2.76%, $25K).

This is an extremely generous drop.
51hh51hh1,476 posts since
Jan 16, 2010
Rep Points: 6,427
1. Friday, January 7, 2011 - 8:33 PM
Tempting... very tempting, especially with RCA rates / caps plummeting at every turn in the road. 

The CU has a 4 (of 5) rating and aTexas ratio of just under 18.  However, it has a capitalization rating of only 1 (of 5), which is poor and Bauer gives them 2 stars.   

Given those opposing sets of information I'd be concerned that it would only be a matter of time before this bank started having trouble.   
pearlbrownpearlbrown1,465 posts since
Nov 2, 2010
Rep Points: 6,373