Affinity FCU Has Top-Rate 13-Month CD (Oradell, NJ Branch Only)

Now through June 30, 2015, Affinity Federal Credit Union (Affinity FCU) is offering a 13-month Certificate (1.30% APY), but it is available only at the new Oradell, New Jersey branch. The minimum opening deposit and minimum balance to earn the 1.30% APY is $10K of new money.

Find Your Fortune

As an added incentive, any Certificate (including the 13-month Certificate, according to CSR) opened at the Oradell, New Jersey, branch through June 30, 2015, is eligible for an instant rate increase.

You can PICK A COOKIE to find your fortune and get a 0.10% - 1.00% APY increase on any newly opened certificate.

Certificate account increase is determined after member opens up certificate account, when member randomly chooses a fortune cookie with an increase amount of 0.1% (67% chance), 0.25% (15% chance), 0.5% (10% chance), 0.75% (5% chance) or 1% (3% chance) APY.

As stated on Affinity Federal Credit Union’s Truth in Savings page, the Early Withdrawal Penalty reads as follows:

The penalty will equal ninety days’ dividends on your certificate account with a term of one year or less, and a penalty of up to 182 days’ dividends for certificates with a term of more than one year.

Many thanks to DA member, scottj, for his post about this deal.

Availability

Affinity Federal Credit Union (Affinity FCU) offers membership through organizational affiliation and employment at participating businesses. With over 2,800 businesses, associations and clubs as part of the Affinity FCU’s family, the field of membership is quite wide.

For residents of New Jersey, New York, and Pennsylvania, the easiest route to Affinity FCU membership is through the New Jersey Coalition for Financial Education (NJCFE). Joining NJCFE can be done simultaneously when joining Affinity CU, by depositing an additional $25 into your Affinity Savings Account. Affinity FCU will transfer that $25 to NJCFE and your membership is complete.

Joining Affinity FCU can be done online, by mail, or at any of 16 New Jersey branches, but the above mentioned 13-month Certificate and Pick Your Fortune promotion are only available at the Oradell, New Jersey branch.

Affinity FCU’s Account Application is available for download to expedite the application process.

Credit Union Overview

Affinity Federal Credit Union has an overall health grade of "B+" at DepositAccounts.com, with a Texas ratio of 15.53% (above average) based on December 31, 2014 data. In the past year, Affinity FCU has increased its total deposits by $24.04, an above average annual growth rate of 1.24%. Please refer to our financial overview of Affinity Federal Credit Union for more details.

Affinity Federal Credit Union (NCUA Charter # 857) was established in 1935 as the W. E. Headquarters Federal Credit Union, serving the employees of the Western Electric Company. In 1974, membership was expanded to include AT&T employees and the name was changed to GHQ Federal Credit Union. The 1990s saw a change in focus for the Credit Union, including legislation that allowed single sponsor credit unions to expand their service to companies or organizations with a common bond. Today, Affinity is the largest credit union headquartered in of New Jersey and the 45th largest credit union in the nation, with more than 135,000 members and total assets in excess of $2.3 Billion.

How the CD Compares

When compared to other similar length-of-term CDs tracked by DepositAccounts.com, that require a similar minimum deposit and available to New Jersey residents, Affinity FCU's 13-month CD is competitive, regardless of the amount of the rate increase through the Find Your Fortune promotion. I have chosen to use the 1.40% APY, since 2 out 3 people opening the CD will receive this rate.

The above rates are accurate as of 5/5/2015.

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