Blackhawk Community Credit Union (WI) Adds 6-Year CD

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Deal Summary: 6-year CD, 2.40% APY, $1k minimum deposit

Availability: Residents of the Wisconsin counties of Dane, Green, Jefferson, Kenosha, Racine, Rock, Walworth, and Waukesha, and Boone and Winnebago Counties in Illinois; 8 SEGs.

Blackhawk Community Credit Union (Blackhawk) is currently offering a 6-year CD (2.40% APY). The minimum deposit is $1k, with no stated balance cap.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.40%$1k-Blackhawk Community Credit Union6 Year CD
Accounts mentioned in this post. Rates as of September 21, 2017.

According to CSR, the Early Withdrawal Penalty (EWP) for the 6-year CD Special is a mild 180 days interest. Using DA’s EWP Calculator, it’s easy to see exactly how a “mild EWP” translates into effective yields.

    2.18% APY, closed at 5 years

    2.12% APY, closed at 4 years

    2.02% APY, closed at 3 years

    1.82% APY, closed at 2 years

    1.63% APY, closed at 18 months

    1.22% APY, closed at 1 year

With the exception of the 1- and 5-year CDs, the effective yields currently rank in the top three APYs available within Blackhawk’s field of membership.

Availability

Headquartered in Janesville, Wisconsin, Blackhawk Communty Credit Union’s field of membership (FOM) is primarily residency-based, with individuals who live, work, or attend school the Wisconsin counties of Dane, Green, Jefferson, Kenosha, Racine, Rock, Walworth, and Waukesha, as well as Boone and Winnebago Counties in Illinois, eligible to join.

In addition, employees of nine SEGs also qualify for membership.

Immediate family members (spouse, parent, child, or stepchild) of a membership-eligible individual may also qualify.

Joining Blackhawk and/or opening a CD can be done at any of the eight Wisconsin branches located in Beloit, Delavan, Edgerton, Janesville (3), Milton, and Stoughton. A new, full-service branch will be opening this summer in Kenosha.

Credit Union Overview

Blackhawk Community Credit Union has an overall health grade of "B+" at DepositAccounts.com, with a Texas Ratio of 7.28% (excellent) based on December 31, 2016 data. In the past year, Blackhawk has increased its total non-brokered deposits by $32.05 million, an excellent annual growth rate of 8.4%. Please refer to our financial overview of Blackhawk Community Credit Union (NCUA Charter # 66998) for more details.

Blackhawk Credit Union was chartered in 1965, serving the Fisher Body Division of General Motors (Janesville) and office employees of UAW Local 95. The first expansion in the FOM occurred in 1983 when membership was opened to everyone who lived or worked in Rock County. Over the next 20 years, the FOM continued to expand, and in 2004, “Community” was added to the name “because the community is so important” to the Credit Union. Blackhawk Community Credit Union is currently the 16th largest credit union in Wisconsin, with nearly 46,000 members and assets in excess of $456 million, though a recent merger will undoubtedly increase those numbers.

We’re pleased to announce that Kenosha City Employees Credit Union has merged with us to bring their members expanded product offerings, more lending resources and new convenient services. Our credit unions are a good fit, as we both share values focused on local, personalized service and meaningful contributions to our communities.

How the CD Compares

When compared to the similar length of term CDs tracked by DepositAccounts.com, requiring a similar minimum deposit and available within the FOM, Blackhawk Community Credit Union’s 6-Year CD APY currently ranks first.

The above rates are accurate as of 4/22/2017.

To look for the best CD rates, both nationwide and state specific, please refer to our CD rates table or our Rates Map page.


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