Delta Community Credit Union Has Highest 5-Year CD Rate In GA

Delta Community Credit Union’s (Delta Community) 60-month CD currently earns 1.75% APY, making it the highest 5-year CD rate available in Georgia. The minimum opening deposit is $1k, with no stated balance cap.

The 60-month CD is also available as an IRA CD (Traditional, Roth, SEP), earning the same APY with the same deposit requirements.

As stated in the CD Disclosure Supplement, the relatively mild Early Withdrawal Penalty reads as follows:

270 days of interest if the certificate term is 60 months

The Disclosure Supplement also states,

You cannot withdraw principal from this account without the credit union’s consent except on or after maturity. For certificates opened through Delta Community Credit Union’s Online Membership Application, no withdrawals may be made within the first sixty-five (65) days after account opening.

Funding a CD can be done by ACH, wire, or through a transfer from a Delta Community savings account. According to CSR, the easiest way to fund a CD is through an internal transfer.

Upon maturity, the CD’s balance will be transferred to a Delta Community primary savings account or other account as designated by the owner in writing. Maturing funds from an IRA CD will be deposited to a Delta Community IRA savings account. There is a 10-day grace period.

Availability

Headquartered in Atlanta, Delta Community Credit Union’s field of membership (FOM) uses residency, employment, and organization affiliation as determinants.

Individuals who live or work in any of the following 14 Georgia counties qualify for membership: Cherokee, Clayton, Cobb, Coweta, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Hall, Henry, Paulding, or Rockdale.

Current, former, or retired employees of more 140 businesses (including Delta Air Lines, Inc. and other aviation-related businesses) are eligible to join, as are members of 13 associations. A complete list of these businesses and associations can be found on Delta Community’s Membership Eligibility page.

While most credit unions allow immediate family members of current members to join, Delta Community’s definition of family is much more generous.

Any person related by blood, adoption or marriage to a member (except relatives of members who have been expelled from the Credit Union.) For example, if your spouse becomes a member, all of your spouse's eligible relatives could also become members of Delta Community Credit Union.

According to the Membership Eligibility page, eligible relatives include spouse, domestic partner, children, parents, siblings, grandparents, grandchildren, aunts, uncles, nieces, nephews, cousins, in-laws, and step-relatives.

Joining Delta Community and or opening a CD can be done online or at any of the 23 Georgia branches, located in Alpharetta, Atlanta (6), Decatur, Duluth, Fayetteville, Gainesville, Johns Creek, Marietta (2), McDonough, Newnan (2), Peachtree City (2), Sandy Springs, Snellville, and Stockbridge (2). Delta Community also has branches in Florence, Kentucky; Salt Lake, Utah; and Southlake, Texas.

Our branch lobbies will now accommodate walk-ins Monday through Friday, in addition to continuing to offer scheduled appointments and drive-thru service. Please note that on Saturdays, our branch lobbies will only be accessible by appointment.

Establishing a Delta Community membership requires opening a Savings Account, with a minimum $5 deposit.

Delta Community belongs to the CO-OP network, meaning our members can visit participating credit unions across the country to conduct most business as if they were at their own credit union branch. Through the CO-OP network, members also have access to thousands of surcharge-free ATMs.

Credit Union Overview

Delta Community Credit Union has an overall health rating of "A+" at DepositAccounts.com, with a Texas Ratio of 2.39% (excellent) based on March 31, 2020 data. In the past year, DECU has increased its total non-brokered deposits by $426.12 million, an excellent annual growth rate of 8.18%. Please refer to our financial overview of Delta Community Credit Union (NCUA Charter # 66357) for more details.

Established in 1940 as the Delta Employees Credit Union, the founding members were eight Delta Air Lines employees with just $45 in capital. In 2005, the Credit Union considered changing its name and moving away from the 65-year tie with its longtime sponsor, Delta Airlines. While focus groups (members and the general public) had no problem with a name change, removing “Delta” from the name was met with overwhelming opposition. As the FOM had expanded to include non-Delta employees, “Community” was chosen to replace “Employees.” By 2013, approximately 50% of Delta Community were not employees of the Airlines. Delta Community is currently the largest credit union headquartered in Georgia, with more than 417,000 members and assets in excess of $6.5 billion.

How the CD Compares

When compared to 214 similar length of term CDs tracked by DepositAccounts.com that require a similar minimum deposit of and are available within the FOM, Delta Community Credit Union’s 60-month CD APY* currently ranks first.

The above rates are accurate as of 7/27/2020.

Looking for the best CD rates, either nationwide or state-specific? Please refer to our CD Rates Table page.

*We continue to work to keep our rates up-to-date, but there have been just too many rate cuts for us to process quickly. For the time being, please be aware that the rates listed at DepositAccounts.com may not reflect the latest rates published by the banks and credit unions.