Green Mountain CU (VT) Has Competitive 60-Month CD
Green Mountain Credit Union (Green Mountain CU) is offering a 60-month Share Certificate (2.529% APY).
The minimum opening deposit is $500 and there is no balance cap.
The 60-month Share Certificate is also available as an IRA (Traditional, Roth, and CESA) at the same APY, with the same funding requirements.
According to CSR, the Early Withdrawal Penalty is 90 days interest.
Headquartered in South Burlington, Green Mountain Credit Union offers membership primarily based on residency and employment.
Residency: Individuals who live, work, or worship in the Vermont counties of Chittenden, Rutland, Washington and Orange are eligible to join.
Employment: Employees and retirees of the 70+ SEGs qualify for membership.
Relationship: If you are related to any member by birth, marriage, civil union or adoption, or are a household member, you are also eligible for membership.
Joining Green Mountain Credit Union and/or opening a Share Certificate can be done at any of three Vermont branches located in Barre, Rutland, and South Burlington. Currently, the link to the "Secure Online Membership Application" does not work, but CSR stated the "problem is being worked on."
Credit Union Overview
Green Mountain Credit Union has an overall health rating of "C+" at DepositAccounts.com, with a Texas ratio of 15.75% (above average) based on March 31, 2015 data. In the past year, Green Mountain CU has increased its total deposit by $7.49 Million, an excellent growth rate of 35.26%. Please refer to our financial overview of Green Mountain Credit Union for more details.
Green Mountain Credit Union (NCUA Charter # 63859) was originally chartered in 1959 to serve the employees of Green Mountain Power. Green Mountain Credit Union is Vermont’s 13th credit union, with over 4,000 members and assets in excess of $31 Million.
How the CD Compares
When compared to the 129 similar length-of-term CDs tracked by DepositAccounts.com, requiring a similar minimum deposit and available to Vermont residents, Green Mountain Credit Union’s 60-month Share Certificate currently ranks first.
The above rates are accurate as of 9/8/2015.
To search for nationwide CD rates and CD rates in your state, please refer to the CD rates section of DepositAccounts.com.