Florida Credit Union (FCU) has introduced three CD specials with terms of 12 months (1.05% APY), 24 months (1.51% APY) and 36 months (1.76% APY). All three are also available in an IRA. Minimum deposit is $10K, and there is no maximum balance. FCU’s early withdrawal penalties are substantial: 270 days (12 month), 360 days (24 month) and 540 days (36 month). These are limited-time specials, and they are scheduled to expire on November 30, 2015.
Florida Credit Union is headquartered in Gainesville and is the 19th largest credit union in the state of Florida. Membership applications can be done online or by visiting any of the FCU's 10 branches (located in the cities of DeLand, Gainesville, Lake City, Ocala and Starke). Please refer to FCU's "About Us" page for more details.
CDs can be opened without a branch visit. However, IRA CDs do require a branch visit. The online membership application doesn’t list CDs as an account option. Using FCU’s online chat service, I was told that after you submit your membership application, you can then instruct them online or by phone to open a CD. Funds for the CD must first be available in your FCU savings or checking account.
Membership in Florida Credit Union is available to anyone who lives or works in the following 27 counties:
- St Johns
Credit Union Overview
Florida Credit Union (NCUA Charter # 60497) has an overall "A" rating on DA, with a Texas ratio of 7.68% (excellent) based on June 30, 2015 data. With assets of $701.67 Million and $80.09 Million in equity, FCU's capitalization level is 11.41% (excellent). Please refer to our financial overview of Florida Credit Union for more details.
Originally established in 1954 as the Alachua CountyTeachers' Credit Union, today's Florida Credit Union has a membership of over 66,000.
How the CDs Compare
FCU’s 24-month CD special is the most competitive out of the three specials. The 36-month CD is close behind.
When compared to the 331 similar length-of-term CDs tracked by DepositAccounts.com, that require a similar minimum deposit and are available to Florida residents, FCU’s 24-month CD currently ranks second.
When compared to the 338 similar length-of-term CDs tracked by DepositAccounts.com, that require a similar minimum deposit and are available to Florida residents, FCU's 36-month CD currently ranks third.
When compared to the 361 similar length-of-term CDs tracked by DepositAccounts.com, that require a similar minimum deposit and are available to Florida residents, FCU's 12-month CD currently ranks number 33.
The above rates are accurate as of 11/13/2015.
To look for the best nationwide CD rates and the best CD rates in your state, please refer to our CD rates table.