Anyone is eligible to join the credit union by enrolling in the organization Learn & Earn Credit.org. In addition, the field of membership includes select employer groups and other affiliations in the Washtenaw, Livingston, Wayne, Oakland, and Macomb counties. Please refer to their membership page for more details. Credit union membership requires a minimum $6 deposit into your regular savings account.
When I had contacted the credit union last year, the CSR mailed me the application with detailed instructions. The application includes a line in which you agree to join the Learn & Earn Credit organization for a $1 fee. You must mail in a copy of your driver's license and a notarized signature. Please refer to the credit union's website to request more info.
I was surprised to see this new CD promo at Huron. For the last three months, they've been having other 6% CD specials with terms of 4 and 6 months, but I guess they're still trying to bring in more deposits. My last post on them was in early January.
Branches are located in the Michigan cities of Ann Arbor, Chelsea, Auburn Hills, Centerline, Howell and Brighton. The credit union is federally insured by the NCUA. It's a moderate size credit union with $348.8 million in assets and 39,318 members.
Thanks to the reader who emailed me news of this CD promotion.
[Update 2/20/07: Please see this post for news regarding Huron River Area CU.]