Cornerstone Community Financial Adds 15-Month CD Special

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Deal Summary: 15-month CD Special, 0.70% APY, $1k minimum deposit, new money.

Availability: Eleven SE Michigan counties and two NW Ohio counties.

In celebration of 70 years of continuous service, Cornerstone Community Financial Credit Union (Cornerstone) is currently offering a 15-month CD Special earning 0.70% APY. The CD Special can be opened with a $1k minimum deposit of new money (defined as funds currently not on deposit at Cornerstone), with no stated balance cap. This is limited-time offer, with the rate "effective October 1st, 2021 through December 31st, 2021 or unless otherwise noted." In other words, it’s available until it’s not.

APYMINMAXINSTITUTIONPRODUCTDETAILS
0.70%$1k-Cornerstone Community Financial Credit Union15 Month Share Certificate Special - New Money
Rates as of October 25, 2021.

As stated in the Truth-in-Savings disclosure (page 32), the Early Withdrawal Penalty reads as follows:

If your account has an original maturity of more than one year, the penalty we may
impose will equal 180 days dividends on the amount withdrawn subject to penalty.

Funding a CD Special can be done by ACH, wire transfer, or check. Maturing funds will be distributed by bank check or wire transfer, or transferred into a Cornerstone savings account. There is a seven business day grace period in which to withdraw funds before the 15-month CD Special automatically renews as a 12-month CD.

Cornerstone participates in the CO-OP Shared Branch network, giving its members access to more than 5,500 credit unions across the country.

Unlimited beneficiaries can be named (equal shares), with a Social Security number required for each beneficiary.

Availability

Headquartered in Auburn Hills, Michigan, Cornerstone Community Financial Credit Union’s field of membership (FOM) is community-based, with individuals who live, work, worship, attend school, or regularly do business in the Michigan counties of Genesee, Jackson, Lapeer, Lenawee, Livingston, Macomb, Monroe, Oakland, St. Clair, Washtenaw, or Wayne, or the Ohio counties of Lane or Wood, eligible for membership.

Immediate family members and household members of current Cornerstone members also qualify for membership.

Joining Cornerstone Community Financial Credit Union and/or opening a CD Special can be done online or at any of five southeast Michigan branches located in Auburn Hills, Center Line, Royal Oak, Sterling Heights, or Troy. There is also a full-service branch in Perrysburg, Ohio. According to the Branch Updates page, all branch lobbies and drive-thrus are currently open for transactions, but appointments can be scheduled online.

Step 1 to becoming a Cornerstone member: Open a regular savings account.
Start with as little as $10 and reap all the rewards of credit union membership.

Cornerstone participates in both the CO-OP Share Branch and ATM networks and the Alliance One ATM network.

Credit Union Overview

Cornerstone Community Financial Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 1.48% (excellent) based on June 30, 2021 data. In the past year, Cornerstone has increased its total non-brokered deposits by $28.72 million, an excellent annual growth rate of 11.18%. Please refer to our financial overview of Cornerstone Community Financial Credit Union (NCUA Charter # 68641) for more details.

Established in 1951 as the Mo-Par Federal Credit Union, the original FOM included employees of Chrysler Corporation’s parts division exclusively. Within ten years two additional branches opened and Mo-Par FCU rebranded as Motor Parts Federal Credit Union (MPFCU). The Cornerstone Community Financial Credit Union rebrand occurred in 2004 to better represent the growing and diverse FOM. Cornerstone is currently the 50th largest credit union in Michigan, with nearly 24,000 members and assets in excess of $353 million.

How the CD Special Compares

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, Cornerstone Community Financial Credit Union's 15-month CD Special APY currently ranks sixth.

Interest RateCD Length of TermCredit Union/Bank
1.00% APY18-Month Certificate SpecialSkyOne Federal Credit Union
0.85% APY18-Month Certificate SpecialUSALLIANCE Financial
0.80% APY20-Month CD SpecialConsumers Credit Union (IL)
0.75% APY18-Month CDLive Oak Bank
0.71% APY20-Month Bump-Share CertificateInterior Federal Credit Union
0.70% APY15-Month CD Special Cornerstone Community Financial Credit Union

The above rates are accurate as of 10/13/2021.

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

Related Pages: Detroit CD rates, Toledo CD rates, 1-year CD rates

Comments
Special 14-Month CD at Cornerstone Community Financial in MI and OH

Cornerstone Community Financial Credit Union is offering a competitive special 14-month CD with a 1.14% APY. Minimum deposit is $1,000, and the maximum is $250,000. It’s only for new deposits that are not already on deposit at the credit union. This special is listed at the top of the credit union’s CD rate table as of 3/19/1024.

Membership at Cornerstone Community Financial Credit Union is open to all those who live, work, worship, regularly do business in, or attend school in any of the following Michigan and Ohio counties: Genesee, Jackson,...

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6.25% 6-Month CD at a Michigan CU
United Christian Community Credit Union has two special certificates of deposit: 6.25% 6-month CD and a 5.75% 12-month CD. The minimum for both is $1K. This is a limited time offer.

The field of membership may be opened to anyone:

However, I'm not sure if this credit union can handle a national customer base and maintain these special CDs. I tried to get more info by email (they have an AOL email address), but I didn't get a response. It's a small one-branch credit union located in Troy, Michigan. It has $29...



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