Advia Credit Union (Advia CU) is ending the year with a trio of Promo Rate CDs: 11-month (1.00% APY), 22-month (1.60% APY), and 70-month (2.30% APY). The minimum deposit is $500, with no stated balance cap.
Additional basis points for the Promo Rate CDs are available through the Member Advantage Rewards program. Members holding an Advantage Checking account qualify for an additional 5 basis points, while members who have either an Advantage Plus Checking or e-Checking account, qualify for an additional 10 basis points.
Advantage Checking - An active checking with Direct deposit of at least $400 in the last month; or Checking with a Mortgage Loan.
Advantage Plus Checking - An active checking with Direct deposit of at least $400 in the last month, plus active mobile or online banking use (1 or more logins) and 5 + Debit Card transactions.
e-Checking - An active checking, plus 15+ Debit Card purchases each month, plus e-statements and active online or mobile banking use (1 or more logins).
In a Live Chat, CSR stated that the Early Withdrawal Penalty for the 22-month Promo Rate CD is 180 days interest, and 360 days interest for the 70-month Promo Rate CD.
Headquartered in Parchment, Michigan, Advia Credit Union’s field of membership (FOM) is residency based, with individuals who live, work, or attend school in the following areas, eligible to join.
Michigan: All of the Lower Peninsula’s 68 counties
Wisconsin: Dane, Green, Jefferson, Milwaukee, Rock, Walworth, and Waukesha Counties
Illinois: Winnebago County
Joining Advia CU and/or opening a Promo Rate CD can be done online, or at any of 18 full-service Michigan branches located in Battle Creek (3), Brownstown, Fort Gratiot, Kalamazoo (4), Marysville, Mattawan, New Baltimore, Parchment, Plainwell, Port Huron, Portage, Richland, and Southgate. Advia CU also has 6 full-service Wisconsin branches located in Beloit (2), Janesville (2), Waukesha, and Williams Bay, and a single branch location in Rockton, Illinois.
Credit Union Overview
Advia Credit Union (NCUA Charter # 61503) has an overall health grade of "A" at DepositAccounts.com, with a Texas ratio of 7.86% (excellent), based on September 30, 2016 data. In the past year, Advia CU has increased its total non-brokered deposits by $122.68 million, an excellent annual growth rate of 12.64%. Please refer to our financial overview of Advia Credit Union for more details.
2016 was a busy first year for Advia Credit Union. On January 1, 2016, the merger between First Community Federal Credit Union (est. 1938) and E & A Credit Union (est. 1935) became official, and Advia CU came into being. Eight months later, Advia CU acquired Mid America Bank in Janesville, Wisconsin, gaining four branches, more than 3,000 of the former bank’s customers, and expanding the FOM into eight Wisconsin counties. Advia CU is currently Michigan’s ninth largest credit union, with more than 130,300 members and asset in excess of $1.3 billion.
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How the Promo Rate CDs Compare
When compared to the 261 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Advia Credit Union's 22-month Promo Rate CD APY currently ranks first.
When compared to the similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Advia Credit Union's 70-month Promo Rate CD APY currently ranks first.
The above rates are accurate as of 12/27/2016.