First Flight FCU (NC) Offers Four Promotional CDs
It may be the dog days of summer when not much happens, but First Flight Federal Credit Union (First Flight) began the week by introducing four promotional certificates: 13-month CD (1.26% APY), 23-month CD (1.41% APY), 30-month CD (1.51% APY), and 60-month CD (2.38% APY).
The minimum opening deposit to earn these APYs is $10K and there is no maximum balance cap.
The 30-month and 60-months CDs are available as IRAs (Traditional) earning the same APYs, with the same funding requirements.
As stated on First Flight’s Truth in Savings Disclosure, the Early Withdrawal Penalty reads as follows:
Terms of 12-35 months – Up to 12 months loss of dividends
Terms of 35+ months – Up to 24 months loss of dividends
Availability
Headquartered in Cary, North Carolina, First Flight Federal Credit Union offers membership through a variety of routes.
Easy Membership: Joining the Capital Area Preservation Club, Holly Springs Arts Council, or Beaufort Historical Society qualifies for membership eligibility. Joining any of these organizations ($5-$10 donation) can be done when opening an account online.
Residency: Individuals who live, work, or worship in Lenoir and Pitts Counties, and the communities of New Bern and Havelock are eligible.
Employment: Members of the military and government employees, both current and retired, are eligible.
Affiliation: Employer or organizational corporate relationship with First Flight qualifies for membership.
Complete membership details can be found on First Flight’s About Us page.
Joining First Flight and/or opening a CD can be done online, or at any of eight North Carolina branches located in Cary, Cherry Point, Greenville, Havelock, Holly Springs, Kinston, Morehead City, and New Bern.
Credit Union Overview
First Flight Federal Credit Union has an overall health grade of "B+" at DepositAccounts.com, with a Texas ratio of 4.24% (excellent) based on March 31, 2015 data. First Flight has an excellent capitalization level of 13.95%, a result of holding $169 Million in assets, with $23.57 Million in equity. Please refer to our financial overview of First Flight Federal Credit Union for more details.
How the CDs Compare
When compared to 191 similar length-of-term CDs tracked by DepositAccounts.com available to North Carolina residents, Flight First Federal Credit Union's 13-Month Share Certificate APY currently ranks third.
When compared to 178 similar length-of-term CDs tracked by DepositAccounts.com available to North Carolina residents, Flight First Federal Credit Union's 23-Month Share Certificate APY currently ranks fifth.
When compared to eleven 30-month CDs tracked by DepositAccounts.com available to North Carolina residents, Flight First Federal Credit Union's 30-Month Share Certificate APY currently ranks first.
When compared to 150 similar length-of-term CDs tracked by DepositAccounts.com available to North Carolina residents, Flight First Federal Credit Union's 60-Month Share Certificate APY currently ranks second.
The above rates are accurate as of 8/12/2015.
To look for the best nationwide CD rates and the best CD rates in your state, please refer to our CD rates table.
