Partner Colorado Credit Union (Partner Colorado) is currently featuring its 12-month Celebrate CD (1.25% APY) and 24-month Celebrate CD (1.55% APY). The minimum opening deposit for either CD is $500.
Although not labeled with the Celebrate moniker, both Celebrate CDs are also available as IRAs (Traditional), earning the same APYs with the same funding requirements.
As stated on the Celebrate CD promotion page, the Early Withdrawal Penalty reads as follows:
A penalty equal to 90 days' interest will be assessed on early withdrawals for CD terms of 12 months or less, and a penalty equal to 180 days' interest will be assessed for CD terms over 12 months.
Headquartered in the Denver suburb of Arvada, Partner Colorado Credit Union offers membership through a variety of ways, with virtually all U.S. citizens qualifying.
Easy Membership: Individuals who don’t qualify for membership through employment or residency can join by making a $5 contribution to the Consumers United Association, which can be done during the application process.
Residency: Individuals who live or work in the Colorado counties of Adams, Denver, Jefferson qualify for membership.
Employment: Individuals who work for one of Partner Colorado’s 160+ SEGs are eligible for membership, as are active and retired employees of Colorado Postal Service, Denver Water, and HealthONE.
Relationship: Immediate family and household members of current Partner Colorado members are eligible to join, as are immediate family and household members of any SEG employees, regardless if the employee is a Credit Union member or not.
Complete details concerning membership eligibility are available on the How to Join page.
Joining Partner Colorado can be done online, at any of eight Colorado branches located in Arvada (2), Aurora, Denver (4), and Littleton. While many of Partner Colorado’s products are available online, the Celebrate CDs must be opened in person or by phone (303.422.6221).
Credit Union Overview
Partner Colorado Credit Union (NCUA Charter # 62903) has an overall health grade of "A+" at DepositAccounts.com, with a Texas ratio of 3.08% (excellent) based on September 30, 2016 data. In the past year, Partner Colorado increased its total non-brokered deposits by $39.25 million, an excellent annual growth rate of 15.3%. Please refer to our financial overview of Partner Colorado Credit Union for more details.
Partner Colorado Credit Union came into being in 2010 when three Denver area credit unions (Denver Water CU, HealthONE FCU, and Denver Postal/Eagle Legacy CU) pooled their resources, while maintaining member affiliation and affinity. Partner Colorado is currently the 11th largest credit union in Colorado, with more than 31,500 members and assets in excess of $325 million.
How the Celebrate CD Compares
When compared to the 190 similar length-of-term CDs tracked by DepositAccounts.com, with similar minimum deposit requirements and nationally available, Partner Colorado Credit Union’s 24-month Celebrate CD APY currently shares the top spot with three other CDs from Veridian CU, Connexus CU, and Bello CU.
The above rates are accurate as of 1/18/2017.