Earlier this week, 1st Nor Cal Credit Union (1st Nor Cal) unveiled a 20-month Share Certificate Special, which earns 3.04% APY. There are no minimum or maximum deposit requirements for this limited-time special.
No partial early withdrawals are allowed, only early closures. As stated in the Truth-in-Savings Agreement and Disclosure document, the Early Withdrawal Penalty reads as follows:
The Credit Union will terminate the Term Share Certificate Account and impose a penalty on the entire balance of the account if a withdrawal of principal is made prior to the Maturity Date.
The Credit Union will impose a penalty if a withdrawal of principal is made prior to the Maturity Date, as follows: a. All dividends for ninety (90) days on the amount withdrawn; or b. All dividends on the amount withdrawn since the date of issuance or renewal, whichever is less.
Unlimited beneficiaries can be designated and Social Security numbers are NOT required.
Headquartered in Martinez, California, 1st Nor Cal Coast Credit Union's field of membership (FOM) is residency-based, with individuals who live, work, worship, or attend school in the California counties of Alameda, Contra Costa, or Solano eligible to join.
Joining 1st Nor Cal and/or opening a Share Certificate Special can be done at any of five northern California branches located in Benicia, Martinez (2), Pittsburg, and Richmond.
1st Nor Cal’s Membership Application is available as a download and can be returned either in-person or by mail. A Share Savings Account (minimum $5 opening deposit) is required to establish and maintain a membership. New memberships that are closed within six months of opening will incur a $5 closure fee.
While 1st Nor Cal does not participate in the CO-OP Shared Branching program, it is a member of the ATM network.
Enjoy access to your account at nearly 30,000 No-Fee* CO-OP Network® ATMs Nationwide!
Credit Union Overview
1st Nor Cal Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 0.02% (excellent), based on December 31, 2018 data. 1st Nor Cal has an excellent capitalization level of 11.15%, the result of holding $696.84 million in assets with $77.7 million in equity. Please refer to our financial overview of 1st Nor Cal Credit Union (NCUA Certificate # 68668) for more details.
Founded in 1949, 1st Nor Cal Credit Union is currently the 67th largest credit union in the California, with nearly 30,000 members and assets in excess of $696 million. The branch on Century Boulevard in Pittsburg is the Credit Union’s newest location, although it’s housed in an old building.
Transforming an old bookstore into a modern-day branch isn't an easy task.
But that's exactly what 1st NorCal CU hopes to accomplish in Pittsburg, California.
How the Share Certificate Special Compares
When compared to 198 similar length-of-term CDs tracked by DepositAccounts.com, with similar minimum deposit requirements that are available within the FOM, 1st Nor Cal Credit Union’s 20-month Share Certificate Special APY currently ranks first.
|Interest Rate||CD Length of Term||Bank/Credit Union|
|3.04% APY||20-Month Share Certificate Special||1st Nor Cal Credit Union|
|3.00% APY||18-Month CD Special||USALLIANCE Financial|
|2.95% APY||18-Month CD||Limelight Bank|
The above rates are accurate as of 4/12/2019.