Glass City FCU (OH) Adds 40-Month CD and 30-Month IRA Specials

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Deal Summary: 40-Month CD Special, 1.91% APY, $500 new money minimum; 30-Month IRA CD Special, 1.76% APY, $1k new money minimum.

Availability: Residents of the Ohio counties of Fulton, Lucas, Ottawa, or Wood.

Last week, Glass City Federal Credit Union (Glass City FCU) added a 40-Month CD Special (1.91% APY) and 30-Month IRA CD Special (1.76% APY) to its product line. While both Specials require new money “for the full deposit amount,” the 40-Month CD Special requires only a $500 minimum deposit, as compared to the $1k minimum deposit for the 30-Month IRA CD Special.

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.91%$500-Glass City Federal Credit Union40 Month CD Special - New Money
1.76%$1k-Glass City Federal Credit Union30 Month IRA CD Special - New Money
Accounts mentioned in this post. Rates as of May 22, 2017.

As stated in the “Rate Schedule” document, the Early Withdrawal Penalty reads as follows:

Penalty for early withdrawal for a term of 18 months to 5 years is the forfeiture of dividends earned since date of issuance or 180-days’ dividends, whichever is smaller.

The IRA CD EWP also states,

The forfeiture of dividends does not apply if the early withdrawal is made following the member’s disability or attainment of not less than 59 ½ years of age.

Availability

Headquartered in Maumee, Ohio, Glass City Federal Credit Union’s field of membership (FOM) is residency based, with individuals who live, work, worship, or attend school in the Ohio counties of Fulton, Lucas, Ottawa, or Wood eligible to join.

Immediate family members of eligible individuals may be eligible for membership.

Joining Glass City FCU can be done at any of five Ohio full-service branches located in Bowling Green, Maumee, and Toledo (3). Glass City FCU’s Membership Application and be downloaded to expedite the process.

Credit Union Overview

Glass City Federal Credit Union (NCUA Charter # 5495) has an overall health grade of "A" at DepositAccounts.com, with a Texas ratio of 3.94% (excellent) based on September 30, 2016 data. In the past year, Glass City FCU increased its total non-brokered deposits by $14.54 million, an excellent annual growth rate of 8.71%. Please refer to our financial overview of Glass City Federal Credit Union for more details.

Established in 1947, Glass City Federal Credit Union is currently one of northwest Ohio’s largest credit unions, with more than 25,200 members and assets in excess of $204.8 million. The City of Toledo became known as “Glass City” when the New England Glass Works (now Libbey Glass Company) moved from Massachusetts to Ohio in 1888. While the Glass City name might suggest an industry-affiliated FOM, the Credit Union has always maintained a community FOM, although in late 2015, the Libbey (as in Libbey Glass) Federal Credit Union merged with Glass City FCU.

How the Specials Compare

When compared to the 240 similar length-of-term CDs tracked by DepositAccounts.com, with similar minimum deposit requirements and available within the FOM, Glass City Federal Credit Union’s 40-month Certificate APY currently ranks first.

When compared to the 183 similar length-of-term IRAs tracked by DepositAccounts.com, with similar minimum deposit requirements and available within the FOM, Glass City Federal Credit Union’s 30-month IRA CD APY currently ranks third.

The above rates are accurate as of 1/28/2017.

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 Rates Map page.


Comments
4.14% 14-Month CD at an Ohio Credit Union (Glass City).
Update 3/29/08: The special 14-month CD has ended. Please check the credit union's website for the latest rates.

Glass City Federal Credit Union is listing a special 14-month share certificate with a yield of 4.14% APY. The minimum deposit is $500, and new money is required. There's also a 12-month IRA certificate with a 4.14% APY for new contributions. The 48 and 60-month CDs and IRAs also have a competitive yield of 4.10% APY.

This credit union has offered many good CD specials in the past. The last one I reported on...



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5.60% 3-Month / 5.60% 60-Month CD at an Ohio CU - and all terms in between (Glass City)
Glass City Federal Credit Union is having a "Pick Your Term Certificate Special" with a yield of 5.60% APY on all terms from 3 months to 60 months. The minimum deposit is $500 of new money. Certificate IRA's are also available for terms of 12 to 60 months. See pdf of promo.

This credit union often has some good CD promos. Last October it was offering a 6% 40-month CD.

Field of membership includes all those who live, work, worship or attend school in the Ohio counties of Lucas, Wood, Fulton and...



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6.00% 40-Month CD at an Ohio CU (Glass City FCU)
Glass City Federal Credit Union is offering a 6.00% APY 40-month share certificate. The minimum deposit is $2.5K. Money must be new to the credit union.

The last CD special from this credit union was back in March when it was offering a "pick any term" 5% CD.

The field of membership includes all those who live, work, worship or attend school in the Ohio counties of Lucas, Wood, Fulton and Ottawa.

Glass City's main office is in Maumee, Ohio. It also has branches in Bowling Green and Toledo.

The credit union is...







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5.00% 3-Month CD at an Ohio CU (pick any term)
Glass City Federal Credit Union is offering a CD special with 5.00% APY on any of its CD terms. Available terms includes 3, 6, 12, 18, 24, 30, 36, 48 and 60 months. Minimum deposit of $2.5K with money new to the credit union is required.

The field of membership includes all those who live, work, worship or attend school in the Ohio counties of Lucas, Wood, Fulton and Ottawa.

Glass City's main office is in Maumee, Ohio. It also has branches in Bowling Green and Toledo.



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5% 30-Month CD at Ohio CU
Glass City Federal Credit Union is offering a special 30-month CD with a rate of 5.00% APY. The minimum deposit requirement is $10K and it must be new to the credit union.

Glass City's main office is in Maumee, Ohio. It also has branches in Bowling Green and Toledo.

The field of membership includes all those who live, work, worship or attend school in the Ohio counties of Lucas, Wood, Fulton and Ottawa.

This is not as good as the short-term 5% CDs that I listed yesterday. However, it's still a high rate...





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