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.

1.85%$500-Firelands Federal Credit Union60 Month Share Certificate
1.85%$500-Firelands Federal Credit Union60 Month IRA Share Certificate (Traditional, Roth, CESA)
Accounts mentioned in this post. Rates as of January 21, 2017.

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, with the same funding requirement.

As stated on Firelands FCU’s Disclosure B for Certificates, the Early Withdrawal Penalty reads as follows:

For Certificates with terms of 49 months and longer, 210 days loss of dividends.


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

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

Complete details about membership eligibility 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 is limited to account management and bill payment services.

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

Credit Union Overview

Firelands Federal Credit Union (NCUA Charter # 11674) has an overall health grade of "B+" at, with a Texas ratio of 7.74% (excellent) based on September 30, 2015 data. In the past year, Firelands FCU increased its total deposits by $9.43 Million, an excellent annual growth rate of 4.63%. Please refer to our financial overview of Firelands Federal Credit Union 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 almost 30,000 members and assets in excess of $239 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 CD Compares

When compared to 240 similar length-of-term CDs tracked by that require a similar minimum deposit and are available to Ohio residents, Firelands Federal Credit Union's 60-Month Share Certificate currently ranks second.

The above rates are accurate as of 2/10/2016.

To look for the best nationwide CD rates and the best CD rates in your state, please refer to our CD rates table or our new Rates Map page.


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,...

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High-Rate CD Specials at Firelands FCU - Parts of Ohio Only

In today’s interest rate environment, most short- and mid-term CD rates are not much higher than the rates you can get from top internet savings accounts. That’s not the case for the CD specials being offered by Firelands Federal Credit Union. It’s offering two CD specials with very competitive rates. These include a 2.00% APY 18-month CD and a 1.60% APY 1-year CD. There’s also a 9-month CD which has a good rate but not an exceptional rate of 1.00%. New money is required, and these are not available in...

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