Checking and CD Promotions at Christian Community Credit Union in CA

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Christian Community Credit Union has two promotions that are pretty good deals. One important caveat about this credit union is that it’s not federally insured by the NCUA. Instead, its deposits are privately insured by ASI. The credit union is regulated by the California Department of Financial Institutions.

The first promotion is a $50 checking account bonus. You can earn a $50 Visa Reward Card for opening a new checking account. There’s also a $50 refer-a-friend bonus. You and each person you refer who opens a checking account receive a $50 Visa Reward Card. The credit union’s free checking account qualifies for this promotion. The promotion is listed in the credit union’s promo page as of 5/21/2013. Thanks to the DA reader who emailed me news of this.

The second promotion is a new-member 1-year CD with a 5% APY. As you might expect, there’s a maximum deposit. The maximum is $1,000. Minimum deposit is $500. If you open the CD with a $1,000 deposit, you’ll earn $50 for the year. Only one certificate is allowed per member, and it must be opened within 30 days of joining the credit union. This new-member CD is listed in the credit union’s special certificates page as of 5/21/2013.

The credit union used to have some top rates on its regular CDs. However, the current rates are a little low. The current best deal is a 30-month Step-It-Up Certificate with a 1.00% APY.

Membership

The primary way to qualify for membership is through a Christian ministry. According to the credit union’s “Can I Join” page:

If you are affiliated with a Christian ministry (including many Protestant Christian churches and schools) that is within Christian Community Credit Union’s field of membership. You may be a member, attendee, employee, missionary, or student/alumnus.

Please refer to the credit union’s “Can I Join” page for the full details.

Credit Union Overview

The credit union has offices in San Dimas and Covina, California.

As I mentioned above, the credit union only has private deposit insurance through ASI. Like the NCUA, the ASI does provide access to each credit union's financial data. Here's the ASI page for Christian Community Credit Union.

Other Credit Union and Bank Bonuses

Another credit union offering a new-member CD with a 5% APY and a $1,000 maximum deposit is Patelco Credit Union. Anyone can join via an association. Patelco used to be insured only by ASI, but that changed a few years ago, and Patelco is now federally insured by the NCUA.

We have a bank promotions page with a table of all of the active bank and credit union promotions. You can filter the table based on the type of promotion and based on your state. I have more details about how to use this page in this blog post.

You can view my latest bank bonus blog posts in this bank bonus page. I and DA members often post on bonuses in the checking account deals forum.

Comments
referals
referals (anonymous)   |     |   Comment #1
If anyone wants to get the $50 referral, I can help. email me at xedex88 AT Gmail.com.
Mae
Mae (anonymous)   |     |   Comment #2
 

Wow! That is a very nice deal. You are automatically qualified to avail their two promotions if you are a member of a Christian ministry.
Very High CD Rates at Christian Community CU in California - Easy Membership but ASI-Insured Only
Christian Community Credit Union continues to offer very high certificate rates. In fact these rates are so high compared to the competition, that it's a little worrisome especially since this credit union only has private insurance via American Share Insurance (ASI). Nevertheless, it is a legitimate credit union that's licensed as a California state chartered credit union. I leave it up to you to make your own decision about their safety. I'll provide as much information as I can to help you decide.

Update 4/18/09: The APY for terms of 7...

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4.50% 7-Month CD at a California CU - Easy Membership/ASI-Insured Only (Christian Community)
Update 12/06/08: There's a new special 5% APY CD for terms of 24 to 60 months. Minimum deposit for this and the 4.50% APY CD is now $1,000. Refer to the credit union's promo page for more details.

Update 9/06/08: The special CD has been extended to include terms from 7 to 18 months. The yield remains at 4.50% APY.

Update 8/16/08: The special CD yield has increased from 4.25% to 4.50% APY. The title has been modified to reflect this change.

Christian Community Credit Union has increased the yield on its 7-month...





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4.00% 7-Month CD at a California CU - Easy Membership/ASI-Insured Only (Christian Community)
Christian Community Credit Union is offering a new-member special certificate with a 4.00% APY and a 7-month term. The minimum deposit is $500, and the maximum is $100,000.

This special used to have a maximum deposit of only $10,000. I just called the credit union, and I confirmed that this has been increased to $100,000. I was told that you can open this with your membership online and fund it electronically. The CSR said they don't limit the amount that can be electronically funded. However, I noticed the online application...

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3.75% 9-Month CD at a California CU - Easy Membership/ASI-Insured Only (Christian Community).
Update 5/3/08: A new 4% APY 7-mo CD promotion has replaced the 9mo CD.

Christian Community Credit Union is offering a special 3.75% APY 9-month certificate. The minimum is $10,000, and the maximum is $250,000. New money is required.

The credit union also has some additional specials for new accounts:
  • 4.00% APY 7-month certificate: minimum deposit: $1,000, maximum deposit: $10,000
  • 4.00% APY Money Market Account guaranteed for 6 months for balances between $1,000 and $10,000. $8 monthly fee if balance drops below $1,000.
  • $50 bonus for opening Interest Checking with Rewards. Requires direct deposit.

If you...





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4.50% 9-Month CD at a California CU - Easy Membership/ASI-Insured Only (Christian Community).
Update 3/15/08: The 9-month CD yield has fallen again. Please check the credit union's website for the latest rate.
Update 2/13/08: The 9-month CD yield has fallen from 5% to 4.50% APY. The title has been changed to reflect this.

Christian Community Credit Union is offering a special 5.00% APY 9-month certificate. The minimum is $10,000, and the maximum is $250,000.

The credit union also has some additional specials for new accounts:
  • 5.50% APY 7-month certificate: minimum deposit: $1,000, maximum deposit: $10,000
  • 5.00% APY Money Market Account guaranteed for 6 months for balances between $1,000...






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