The $1K cap on the certificate hurts the deal. With the $1K deposit for one year, you'll earn about $50 over what you would earn in a 5% account. On the positive side, it doesn't require a checking account and each member of your family could open up one since it's only limited to one per member. The credit union also has a 6% APY 7-month Youth Certificate Account for those 17 and under with a maximum deposit of $10K. Also, there's a special 5 month share and IRA certificate with a yield of 5.35% APY.
Field of membership includes persons who live, worship, work, or attend school in one of the following California cities: Alamo, Blackhawk, Clayton, Concord, Danville, Lafayette, Martinez, Moraga, Mountain View, Orinda, Pacheco, Pleasant Hill, San Ramon and Walnut Creek in Contra Costa County.
The credit union is federally insured by the NCUA (Charter # 14409). It has $34.9 million in assets and 2,845 members.