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Velocity Credit Union Extends its 15-Month CD Special - Easy Membership but Soon-to-be ASI-Only

Wednesday, February 10, 2010 - 9:34 AMVelocity Credit Union - Details
Update 2/10/2010: Velocity has changed its mind and is longer switching to ASI (see news).

Velocity Credit Union continues to offer a 2.02% APY 15-month CD special. It recently extended the promotion to last through February. Refer to my blog post for more details. I wonder if the deposit insurance change is making it harder for them to attract deposits.
Ken TuminKen Tumin5,473 posts since
Nov 29, 2009
Rep Points: 125,800
1. Wednesday, February 10, 2010 - 10:22 AM
For the record, Velocity has opted to stay with NCUA for it's deposit insurance.  A letter to Velocity members has been mailed and it is currently posted on their website at  There is also a story in today's Austin American-Statesman (

AnonymousAnonymous2,282 posts since
May 9, 2010
Rep Points: 3,964