Fox Communities Credit Union’s (Fox Communities CU) 15-month CD Special currently earns 2.20% APY. This limited-time offer can be opened with a minimum $5k deposit and there is no stated balance cap. CSR confirmed that new money is not required.
I first wrote about the 15-month CD Special when it was added to the product line in November 2018. At that time, the APY was an impressive 3.08% APY that required a minimum $10k opening deposit. Following four rate decreases over ten months, the rate settled at 2.20% APY in October 2019.
CSR stated that partial withdrawals are permitted and are subject to an Early Withdrawal Penalty of 180 days on the amount being withdrawn.
Headquartered in Appleton, Wisconsin, Fox Communities Credit Union’s field of membership (FOM) is residency-based, with individuals who live or work in the Wisconsin counties of Brown, Calumet, Dodge, Door, Fond du Lac, Kewaunee, Manitowoc, Milwaukee, Oconto, Outagamie, Ozaukee, Shawano, Sheboygan, Washington, Waukesha, Waupaca or Winnebago, eligible to join. Since I last wrote about Fox Communities CU, five additional counties have been added to the FOM.
Immediate family members of “anyone who is eligible for membership” are also welcome to apply.
All employees of eligible payroll sponsored companies also qualify. Unfortunately, the payroll sponsored companies are not listed on Fox Communities CU’s website.
Joining Fox Communities CU can be done online, or at any of 25 full-service Wisconsin branches located in Appleton (4), Black Creek, Clintonville, De Pere, Green Bay (7), Kimberly, Luxemburg, Manitowoc, Neenah, New London, Oshkosh, Pulaski, Two Rivers, and Winnebago. There is also a limited-access branch in Appleton for employees of Appvion, aka Appleton Papers. FYI – the online application is not much more than a “Contact Me” form, which also captures basic personal information. According to CSR, an in-branch visit is required to finalize any membership.
Opening a CD Special requires an in-branch visit to any of the above mentioned locations.
Establishing a Fox Communities CU membership requires a minimum $5 deposit in a Regular Savings account.
Credit Union Overview
Fox Communities Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 1.74% (excellent) based on September 30, 2019 data. In the past year, Fox Communities CU has increased its total non-brokered deposits by $162.5 million, an excellent annual growth rate of 13.62%. Please refer to our financial overview of Fox Communities Credit Union (NCUA Charter # 66731) for more details.
Fox Communities Credit Union was established in 1937 as the Combined Locks Credit Union, exclusively serving the employees of Locks Mill. In 1980, the FOM was expanded to include all residents of Combined Locks, which is a town in Outagamie County named for the nearby canal locks. The Fox Communities rebrand occurred in 1987, as the FOM continued to expand through a series of mergers. Fox Communities is currently the ninth largest credit union in Wisconsin, with more than 105,000 members and assets in excess of $1.8 billion.
How the CD Special Compares
When compared to 202 similar length-of-term CDs tracked by DepositAccounts.com that require a minimum deposit of $10k or less and are available within the FOM, Fox Communities Credit Union's 15-month CD Special APY currently ranks fourth.
The above rates are accurate as of 1/27/2020.
To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table.