FORUM Credit Union (IN) Adds New 23-month CD

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Availability:

Residents of Marion County, Indiana (Indianapolis) and surrounding counties.

In early July, FORUM Credit Union (FORUM) added a new 23-month CD (1.75% APY). The minimum opening deposit is $500, with no maximum balance cap.

The 23-month CD is also available as an IRA (Traditional, Roth and CESA) at the same APY, with the same funding requirements.

As stated on FORUM’s Truth In Savings page, the Early Withdrawal Penalty reads as follows:

Terms longer than 12 months - all accrued dividends up to 180 days' dividends but not less than seven (7) days' dividends.

Availability

FORUM’s website does not have a membership eligibility section, detailing who may join. I contacted FORUM's "Live Chat" and was told that "to qualify for FORUM membership, you must meet one of the following membership requirements:"

1) Work for a Select Employee Group within our Field of Membership.

2) Be retired from a SEG within our Field of Membership.

3) Be related to someone who works for one of our SEGs, even if the employee is not a FORUM member.

4) Live or work in Marion County (Indianapolis) or any of its surrounding counties.

While there is no online stand-alone list of SEGs, membership qualifications can be determined on the first page of the online application, with 3,000+ SEGs listed. The online application process also allows you to open a CD or any other account at the same time.

If you prefer a brick-and-mortar experience, FORUM has 13 Indiana branches located in Avon, Carmel, Fishers (2), Indianapolis (7) and Noblesville (2).

Credit Union Overview

FORUM Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas ratio of 3.90% (excellent) based on March 31, 2015 data. In the past year, FORUM has increased its total deposits by $70.32 Million, an excellent annual growth rate of 9.22%. Please refer to our financial overview of FORUM Credit Union for more details.

FORUM Credit Union (NCUA Charter # 68248) was formed in 1941 by the employees of Indiana Bell Telephone Company. Like so many other credit unions founded for the benefit of Bell Telephone employees, FORUM’s scope and membership eligibility changed following the breakup of AT&T. Today, FORUM Credit Union has 118,000+ members and assets in excess of $1 Billion.

How the CD Compares

When compared to the 262 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available to Indiana residents, FORUM Credit Union's 23-month CD places in the top three.

The above rates are accurate as of 7/21/2015.

To look for the best nationwide CD rates and the best CD rates in your state, please refer to our CD rates table.

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FORUM Credit Union (IN) Adds New, Top Rate 25-month CD

Availability:

Residents of Marion County, Indiana (Indianapolis) and surrounding counties.

Earlier this week, FORUM Credit Union (FORUM) added a new 25-month CD (2.00% APY) to its offerings. The minimum opening deposit is $500, with no maximum balance cap. The 25-month CD is also available as an IRA (Traditional, Roth and CESA), at the same APY, with the same funding requirements.

As stated on FORUM’s Truth In Savings page, the Early Withdrawal Penalty reads as follows:

Thanks to DA member, PearlBrown, for alerting us to this gem!

Availability

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3.75% Reward Checking Account at FORUM Credit Union in Indiana
Update 6/07/09: The top rate has fallen to 3.75% APY.

FORUM Credit Union is offering a reward checking account called Interest Rewards Checking that pays 3.75% APY on balances up to $25,000 if the following monthly requirements are met:
  • 10 signature based debit card purchases
  • one direct deposit of at least $50
  • receive e-statements
Additional features of the account regardless of the monthly requirements include:
  • No monthly fee
  • No minimum balance requirement
  • Free Bill Pay
  • 8 free non-FORUM ATM transactions per month
  • Interest is only paid up to $25,000
Membership is open to residents of several Indiana counties (including most of...



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5.50% 17-Month / 5.50% 21-Month CD at an Indiana CU (Forum)
Forum Credit Union is offering a 5.50% APY certificate special with terms from 17 to 21 months. The minimum deposit is $500, and it's available as a regular or an IRA certificate. There's also a 5.30% APY CD special available for 7, 8 or 9 month terms. See their rate table for more details.

Membership is open to residents of several Indiana counties (including most of the Indianapolis metro area). You can also qualify based on select employer groups and family. I wasn't able to find their membership page, but I...

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5.50% 13-Month / 5.60% 23-Month CD at an Indiana CU
The Forum Credit Union is offering a 5.50% APY 13-month and a 5.60% APY 23-month share certificate. These are also available as an IRA certificate.

The credit union's field of membership includes residents of Indianapolis and surrounding counties. Membership application can be done online. They do pull a credit report and a Chex system record during application.

The credit union has 11 branches in the Indiana cities of Avon, Carmel, Fishers, Noblesville and Indianapolis.

The credit union is NCUA insured with $979 million in assets and 92,000 members.





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