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

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Deal Summary: 60-month CD, 1.75% APY, $1k minimum deposit.

Availability: Residents of 14 Georgia counties; more than 140 SEGs and 13 associations.

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.

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.50%$1k-Delta Community Credit Union60 Month CD
1.50%$1k-Delta Community Credit Union60 Month IRA (Traditional, Roth, SEP)
Rates as of September 29, 2020.

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.

Related Pages: Cincinnati CD rates, Atlanta CD rates, Dallas CD rates, Salt Lake City CD rates, 5-year CD rates

Comments
Competitive 5-Year CD Rate at Delta Community Credit Union - Easy Membership

Delta Community Credit Union lowered its CD rates in November, but a few of the CDs remain competitive. The best one is currently their 5-year CD which has a 2.65% APY. Also fairly competitive is the 2.00% APY 3-year CD. The same rates are also available as IRA CDs. Minimum deposit is $1,000. These rates are listed at the credit union's rates page as of 11/09/2010.

One nice feature of the credit union CDs is a mild early withdrawal penalty: 31-day interest penalty for maturities of 12-months or less and...

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Top 24-Month CD Rate at Delta Community Credit Union - Easy Membership

Update: Rates listed below in this blog post have changed. Please refer to the above table for the latest rates.

Delta Community Credit Union has lowered its CD rates since my April post, but a few of the CDs remain competitive. The best one is currently their 2-year CD which has a 2.15% APY. Also competitive is the 3.00% APY 5-year CD. The same rates are also available as IRA CDs. Minimum deposit is $1,000. These rates are listed at the credit union's rates page as of 7/09/2010. Note, the credit...

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Competitive CD Rates at Delta Community Credit Union - Easy Membership

Delta Community Credit Union continues to offer some competitive CD rates. These include a 1.65% APY 12-month CD and a 2.25% APY 24-month CD. The same rates are also available as IRA CDs. Minimum deposit is $1,000. The credit union's money market account also continues to be competitive with a top rate of 1.60% APY on the $100K tier. These rates are listed at the credit union's rates page as of 4/29/2010. Note, the credit union typically updates rates at the start of each month, so these rates may not...

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Competitive Money Market Account at Delta Community CU - Easy Membership
Update 11/07/09: Rates have fallen: New MMA APYs: 1.25% $1K-$10K, 1.40% $10K-$25K, 1.50% $25K-$50K, 1.60% $50K-$100K, 1.75% $100K+. Refer to the credit union's website for the latest rates.

Delta Community Credit Union has a money market account with some competitive rates. The rates include a 2.35% APY for balances over $100K, 2.15% APY for $50K to $100K, 2.00% APY for $25K to $50K, 1.75% APY for $10K to $25K and 1.50% APY for $1K to $10K. These rates are listed at the credit union's dividends page as of 5/25/09. Note, they...

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2.35% 12-Month CD at Delta Community Credit Union - Easy Membership
Update 9/01/09: The CD rates have fallen. Please check the credit union's website for the latest rates.

Delta Community Credit Union continues to offer some competitive CD rates. The two most competitive ones include a 2.35% APY 12-month CD and a 2.50% APY 24-month CD. These same rates are also available as IRA CDs. Minimum deposit is $1,000. These rates are listed at the credit union's rate table as of 8/05/09.

One nice feature of the credit union CDs is a mild early withdrawal penalty: 31-day interest penalty for maturities of 12-months...



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