Credit Union of the Rockies (CUR) is currently offering four Promotional CDs: 24-month (2.75% APY), 36-month (2.50% APY), 48-month (2.60% APY), and 60-month (2.70% APY). Of the four, the 24-month is the most competitive. The minimum opening deposit is $1k, with no stated balance cap.
The fine print on the Savings Rate page states,
Promotional CD available for any member (new included).
The Promotional CDs are also available as IRAs (Traditional, Roth), earning the same APY with the same funding requirements.
According to CSR, partial withdrawals are allowed, with an Early Withdrawal Penalty of 180 days.
Headquartered in Golden, Colorado, Credit Union of the Rockies has a field of membership (FOM) that requires a bit of sleuthing to figure out completely. According to the Become A Member page, there are three ways to qualifying for membership.
Residency: Individuals who live, work, or worship in the Colorado counties of Clear Creek, Eagle, Gilpin, Grand, Jefferson, or Summit are eligible to join.
Family Relationship: Family members related by blood, marriage, or adoption to anyone who meets the above residency requirement is eligible for membership.
Employment: Employees of one of CUR’s 260+ Community Partners (listed on the online application) are also welcome to apply.
The online application lists one more important option:
If you do not qualify through one of the above avenues, you
may be eligible for membership by joining Consumers United.
Consumers United Association (CUA) “is open to consumers who are interested in financial education and advocacy.” CUA membership fee is $5 annually or $25 for a lifetime membership.
Some Colorado credit unions that offer membership through CUA limit eligibility to Colorado residents. In three separate phone conversations, CSRs stated that anyone, regardless of residency status, was eligible to join CUR through CUA membership.
While most of CUR CDs are listed on the online application, the Promotional CDs aren’t. CSR suggested calling the Credit Union (303.273.5200) after submitting the online application to open a Promotional CD.
By opening a savings account with as little as $5, you become partial owner of your credit union.
Credit Union of the Rockies participates in the CO-OP Shared Branch and ATM networks.
If you are not near a CUR branch, you can always visit a shared branch location to access your funds. The shared branch network provides nationwide access to over 5,000 branch locations and 30,000 ATMs.
Credit Union Overview
Credit Union of the Rockies has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 1.80% (excellent) based on June 30, 2019 data. In the past year, CUR has increased its total non-brokered deposits by $1.87 million, an excellent annual growth rate of 2.19%. Please refer to our financial overview of Credit Union of the Rockies (NCUA Charter # 67226) for more details.
Credit Union of the Rockies is currently Colorado’s 30th largest credit union, with more than 9,600 members and assets in excess of $99 million. Chartered in 1937, CUR’s original FOM was exclusive to the employees of the Farm Security Administration (FSA) in Denver. The FSA was a New Deal agency created in 1937 to battle rural poverty during the Great Depression. Its most famous contribution was its photography program, which highlighted the challenges of rural poverty. This photo by Arthur Rothstein has become iconic image of the Dust Bowl.
How the Promotional CD Compares
When compared to 196 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available nationwide, Credit Union of the Rockies' 24-month Promotional CD APY currently ranks second.
The above rates are accurate as of 9/3/2019.
To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table.