Aurora Schools Federal Credit Union Adds 24-Mo CD Special, 3.00% APY

Aurora Schools Federal Credit Union (ASFCU) is currently offering two Share Certificate Specials: 24-month (3.00% APY) and 18-month (2.80% APY). These limited-time offers require a $2.5k minimum deposit, with at least $2.5k of new money.

The extremely fine print on the landing page is basically unreadable, but CSR kindly read it to me. Besides the information about minimum deposit and early withdrawal penalties, the following is included in the fine print.

This is a one-time promotional offer and will redeem to your share account upon maturity.

As stated on the Investment Accounts page, the Early Withdrawal Penalty reads as follows:

Terms of 12 to less than 24 months – 180 days dividends

Terms of 24 to less than 48 months – 360 days dividends

Availability

Headquartered in Aurora, Colorado, Aurora Schools Federal Credit Union offers membership to all Colorado residents through membership in the Consumers United Association.

Employees, retirees, and students of public and charter schools located in Aurora (including Aurora Public Schools and Cherry Creek School District) are eligible to join, as are employees, retirees, and students of private schools and colleges located in Aurora.

Immediate family members of current ASFCU memberships are also welcome to apply.

Joining ASFCU and/or opening a Share Certificate Special can be done at any of the three Colorado branches, all located in Aurora. If you live outside the Aurora area, you can start the application process by calling 303.360.0987 or sending an email to [email protected].

Your share savings account is your primary account requiring a low $25 minimum deposit and a $10 membership fee. This account establishes your ownership and makes you eligible to take advantage of all the products that ASFCU offers.

If a share savings account has been closed in the previous 12 months, opening a new share savings account will incur a $25 entrance fee, in addition to the $10 new membership entrance fee.

ASFCU participates in CO-OP Shared Branch Network.

CO-OP's nearly 30,000 ATMS and 5,000+ shared branches means you have more
direct, surcharge-free access to your money than most traditional bank customers do.

Credit Union Overview

Aurora Schools Federal Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 2.26% (excellent) based on March 31, 2019 data. In the past year, ASFCU has increased its total non-brokered deposits by $6.65 million, an excellent annual growth rate of 7.07%.Please refer to our financial overview of Aurora Schools Federal Credit Union (NCUA Charter # 14369) for more details.

Established in 1961 as the Aurora Public Schools Federal Credit Union, the founding members were eight school teachers who contributed a total of $40. ASFCU is currently Colorado’s 26^th largest credit union with more than 8,000 members and assets in excess of $1023 million. Although the FOM is no longer limited to school employees, ASFCU has maintained its interest in furthering education.

The ASPIRE Foundation of Colorado was established by Aurora Schools Credit Union to raise funds for and support scholarships and educational initiatives throughout Aurora schools. This year the ASPIRE Foundation has awarded $8,500 in scholarships to support students from the seven Aurora Public Schools High Schools and the four Cherry Creek High Schools located in Aurora as well as one student from Pickens Technical College.

How the Share Certificate Specials Compare

When compared to the 283 similar length-of-term CDs tracked by DepositAccounts.com, which require a similar minimum deposit and are available to Colorado residents, Aurora Schools Federal Credit Union's 24-month Certificate Special APY currently ranks second.

When compared to the 209 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available to Colorado residents, Aurora Schools Federal Credit Union's 18-month Certificate Special APY currently ranks third.

The above rates are accurate as of 7/8/2019.

Looking for the best CD rates, both nationwide and in your state? Please refer to our CD Rates Table page.