Advantage FCU (NY) 2 New Short-Term CD Specials Are Highly Competitive


Over the weekend, Advantage Federal Credit Union (New York) introduced two new CD Specials: 9-month CD (1.00% APY) and 17-month CD (1.50% APY). The minimum deposit to open either CD Special is $500, with a maximum balance cap of $100K; both CDs require new money to open. According to CSR, the Early Withdrawal Penalty is for either CD Special is a low 30 days interest.


Advantage Federal Credit Union (AFCU) is a community based credit union, with membership eligibility based on the following:

1) Employees, retirees and volunteers of 88 different Advantage Select Employer Groups.

2) Individuals who live, work, worship, volunteer, or attend school in the City of Rochester, NY.

3) Businesses and other legal entities in the City of Rochester.

4) Immediate family members and household members of individuals who are eligible for membership.

For complete details, please refer to AFCU’s Membership Eligibility page.

Although AFCU has a variety of online account management tools, joining AFCU and /or opening a CD requires an in-person visit to any of seven Rochester area branches. As is typical for credit unions, AFCU offers lifetime membership:

When you join Advantage, you become a member for life. A change in employment, retirement, or a move to another location will not affect the status of your credit union membership.

Credit Union Overview

Advantage Federal Credit Union (NCUA Charter #24181) has an overall health grade of "A+" at, with a Texas ratio of 2.25% (excellent) based on June 30, 2014 data. In the past year, AFCU increased its total deposits by $13.08 Million, an excellent annual growth rate of 7.22%. Please refer to our financial overview of Advantage Federal Credit Union for more details.

Advantage Federal Credit Union was founded in 1931 to serve the teachers of the Rochester City School District. AFCU is classified as a "multiple common bond - primarily educational credit union," serving 17 educational institutions (including the Rochester City School District and the University of Rochester), multiple healthcare organizations and churches, in addition to the general population of the Rochester area. AFCU currently has over 24,100 members and assets in excess of $218 Million.

Advantage Federal Credit Union is known for being actively involved the community, having established a $100K scholarship fund in partnership with the Rochester Institute of Technology. In recognition of years of community support, AFCU was the recipient of the University of Rochester Medical Center’s Miracle Maker Award for Outstanding Commitment by a Corporation for 2011-2012.

How the CDs Compare

Based on similar length-of-term CDs tracked by, with a $500 minimum deposit and available to New York State residents, Advantage Federal Credit Union’s 9-month CD and 17-month are very competitive.

Interest Rate CD Length Institution
1.00% APY 9-month CD Special Advantage Federal Credit Union
0.91% APY 9-month CD Doral Direct
0.70% APY 9-month CD GE Capital Bank

Interest Rate CD Length Institution
1.50% APY 17-month CD Special Advantage Federal Credit Union
1.25% APY 17-month CD Sunmark Credit Union
1.16% APY 18-month Promo CD Capital Educators Fed Credit Union

These rates are accurate as of 10/15/2014.

To look for the best nationwide CD rates and the best CD rates in your state, please refer to our CD rates table.

Competitive 5-Year CD Rate at Advantage FCU in Rochester, NY - Local Only

Advantage Federal Credit Union is offering a very competitive 5-year term share and IRA certificate with a 3.70% APY. This is listed in the credit union's share certificates rates page as of 1/24/2010.

The credit union also has a good deal on its Smart Money Checking. The top rate is 2.00% APY as of 1/24/2010 for balances of at least $75K.

Membership is open to those who live, work, worship, volunteer, or attend school in the City of Rochester, New York. Please refer to the credit union's eligibility page for the full...

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4.00% 4-Month CD at a New York Credit Union (Advantage)
Advantage Federal Credit Union is offering a special 4.00% APY 4-month term share certificate. The minimum deposit is $500, and the maximum is $100,000. This doesn't seem to be listed at the credit union's website. A reader sent me email on this deal, and I contacted the credit union using their online chat system. According to the CSR, the special will end once they've received a certain level of deposits. She anticipated that it will continue through next week, but there are no guarantees.

Membership is open to those who live,...

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6.00% 3-Month CD at a New York CU (Advantage)
Advantage FCU is offering a special 6.00% APY 3-month share certificate. The minimum deposit is $500, and it requires money new to the credit union.

The field of membership includes those who live, work, worship, volunteer, or attend school in Rochester, New York. You can also be eligible via select employer groups and family members. See site for details.

The credit union is NCUA insured. It has $79.8 million in assets and 13,115 members.

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