Firelands Federal Credit Union Boosts 60-Month CD

POSTED ON BY

Deal Summary: Share Certificates – 36-month (3.20% APY), 48-month (3.40% APY), 60-month (3.60% APY), $500 minimum deposit.

Availability: Residents of Huron and Crawford Counties, Ohio, and of portions of Erie, Sandusky, and Seneca Counties, Ohio.

In mid-July, Firelands Federal Credit Union (Firelands FCU) offered a promotional 3.00% APY on a 9-month Share Certificate. Like all hot deals, it was short-lived, lasting about three weeks. In the past few years, Firelands FCU has had one really good deal every year, and I assumed the 9-month would be it. I was wrong. Firelands FCU raised that rates on several of its Share Certificates yesterday, with the 36-, 48-, and 60-month the most competitive. The minimum opening deposit is only $500, with no stated balance cap.

APYMINMAXINSTITUTIONPRODUCTDETAILS
3.30%$500-Firelands Federal Credit Union36 Month Share Certificate
3.30%$500-Firelands Federal Credit Union48 Month Share Certificate
3.30%$500-Firelands Federal Credit Union60 Month Share Certificate
3.30%$500-Firelands Federal Credit Union36 Month IRA Certificate (Traditional, Roth, CESA)
3.30%$500-Firelands Federal Credit Union48 Month IRA Certificate (Traditional, Roth, CESA)
3.30%$500-Firelands Federal Credit Union60 Month IRA Certificate (Traditional, Roth, CESA)
Rates as of February 17, 2025.

The Share Certificates are also available as IRAs (Traditional, Roth, CESA), earning the same APYs with the same funding requirements.

Since the beginning of the year, Firelands FCU has raised its Share Certificates rates five times, adding a total of 180 bps to the 36- and 48-month Certificates and 130 bps to the 60-month Certificate. As of this morning, the 60-month has the highest APY of the more than 3,600 5-year CDs tracked by DA.

As stated in Disclosure B for Certificates, the Early Withdrawal Penalty reads as follows:

25 – 48 months, 150 days loss of dividends

49 months and longer, 210 days loss of dividends

Availability

Headquartered in Bellevue, Ohio, Firelands Federal Credit Union’s field of membership (FOM) is residency based, with individuals who live, work, worship, or attend school in Huron or Crawford County eligible to join. Residents of the portions of Erie, Sandusky, and Seneca Counties that abut on Huron County also qualify for membership.

Immediate family members (defined as spouse, child, sibling, parent, grandparent, or grandchild, including step-relations and adoptions) of current members are eligible for membership.

Complete details about membership eligibility (including a map of the areas included in the FOM) can be found on Membership page.

Joining Firelands FCU and/or opening a Share Certificate must be done in person at any of six Ohio branches located in Bellevue, Bucyrus, Galion, Monroeville, and Norwalk (2). While the Credit Union does offer online banking, it’s limited to account management and bill payment services.

Firelands FCU participates in the Co-Op Shared Branch network, allowing members to use branches (5,000+ locations) of other network credit unions to conduct basic teller transactions.

Credit Union Overview

Firelands Federal Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 4.08% (excellent) based on March 31, 2018 data. In the past year, Firelands FCU increased its total non-brokered deposits by $16.04 million, an excellent annual growth rate of 6.74%. Please refer to our financial overview of Firelands Federal Credit Union (NCUA Charter # 11674) for more details.

Originally established in 1955 to serve Nickle Plate Railroad employees, membership in Firelands FCU was expanded in 1970 to anyone who lived or worked in the community. Today, the Credit Union has more than 32,000 members and assets in excess of $283 million.

The Firelands area derives its name from Revolutionary War times, when the resale of the land was intended as financial restitution for Connecticut residents whose homes were burnt in 1779 and 1781 by British forces. At that time, this part of north central Ohio was actually at the western end of the Connecticut Western Reserve, a distance of more than 550 miles from Connecticut’s modern-day western border.

How the Share Certificates Compare

When compared to 269 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Firelands Federal Credit Union's 36-Month Share Certificate APY currently ranks first.

When compared to 269 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Firelands Federal Credit Union's 48-Month Share Certificate APY currently ranks first.

When compared to 236 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Firelands Federal Credit Union's 60-Month Share Certificate APY currently ranks first.

The above rates are accurate as of 8/23/2018.

To search for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: Cleveland CD rates, Columbus CD rates, Toledo CD rates, 5-year CD rates

Hot Deal At Firelands Fed Credit Union: 9-Month CD
Deal Summary: 9-month Promotional Certificate, 3.00% APY, new money, $5k min/$250k max deposit.

Availability: Residents of Huron and Crawford Counties, Ohio, and of portions of Erie, Sandusky, and Seneca Counties, Ohio.

Hot deal alert: Firelands Federal Credit Union (Firelands FCU) is currently offering a 9-month Certificate Promotional Rate earning 3.00% APY. The minimum opening deposit is $5k of new money, which is defined as funds “not on deposit at Firelands FCU for the past 90 days.” There is also a $250k maximum balance to earn the stated...

Continue Reading
Firelands FCU (OH) Unveils 36-month Promo CD
Deal Summary: 36-month Promotional Certificate, 2.06% APY, new money, $500 min/$100k max deposit per member.

Availability: Residents of Huron and Crawford Counties, Ohio, and of portions of Erie, Sandusky, and Seneca Counties, Ohio.

Firelands Federal Credit Union (Firelands FCU) has started the month by adding three Promotional Rate Certificates, but only the 36-month (2.06% APY) is truly competitive. The minimum opening deposit is $500 of new money, which is defined as funds “not on deposit at Firelands FCU for the past 30 days.” There is also a $100k...

Continue Reading
Firelands FCU (OH) Increases Rate On 60-Month CD
Availability: Residents of Huron and Crawford Counties, Ohio, and of portions of Erie, Sandusky, and Seneca Counties, Ohio.

Firelands Federal Credit Union (Firelands FCU) raised the rate on its 60-month Share Certificate (2.30% APY) by 45 basis points earlier this week. The minimum opening deposit is $500, with no stated balance cap.

This is the highest APY for the 60-month Share Certificate in more than six years that includes 24 rate changes.

The Share Certificate is also available as an IRA (Traditional, Roth, and CESA) earning the...

Continue Reading
Firelands FCU (OH) Offers Competitive 60-Month CD
Availability: Residents of Huron and Crawford Counties, Ohio, and residents of portions of Erie, Sandusky, and Seneca Counties, Ohio.

North-central Ohio's Firelands Federal Credit Union (Firelands FCU) began the week by raising the rate on its 60-month Share Certificate (2.30% APY). This is the highest APY for the 60-month Share Certificate in more than five years that includes 24 rate changes.

The minimum opening deposit is $500, with no balance cap. The Share Certificate is also available as an IRA (Traditional, Roth, and CESA) earning the same APY,...

Continue Reading
4-Year and 5-Year CD Specials at Firelands FCU - Parts of Ohio Only

Approximately a year ago, Firelands Federal Credit Union offered two short-term CD specials with very competitive rates. Firelands is continuing to offer competitive rates with a 4-year CD (1.75% APY) and a 5-year CD (2.25% APY). New money is required for both of these CDs, with a minimum initial deposit of $500. These rates are listed in the credit union’s rates page as of 7/8/2014. Thanks to DA member pearlbrown for posting on this deal in the forum.

Credit union membership is primarily limited to persons who reside, work,...

Continue Reading

More Past Offers



The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.