Kellogg Community Credit Union (MI) Adds 14-Month CD, 2.30% APY

In celebration of the grand opening of its newest branch in the Metro Health Village, Kellogg Community Credit Union (KCCU) is offering a 14-month CD Special, which earns 2.30% APY. This limited-time offer requires a $500 minimum opening deposit, with no stated balance cap.

The 14-month CD Special is also available as an IRA (Traditional, Roth, CESA), earning the same APY with the same funding requirements.

According to CSR, the Early Withdrawal Penalty for the 14-month CD Special is 90 days interest.

eChecking and Kasasa Cash

KCCU continues to be the only credit union I am aware of that offers two separate rewards checking accounts.

KCCU introduced its eChecking account in 2015 and its initial 4.00% APY on qualifying balances up to $15k is still in effect. The monthly qualifying requirements are,

• Minimum of $500 in direct deposit(s)
• Minimum of four online banking logins
• Minimum of 20 debit card transactions
• Receive eStatements
• Enroll in bill pay

KCCU began offering Kasasa products in December 2017. The Kasasa Cash account earns a higher APY (4.25%), but has a much lower balance cap of $7.5k. The Kasasa Cash qualifying requirements are quite similar to that of the eChecking account.

• Minimum of $500 in direct deposit(s)
• Minimum of one online banking logins
• Minimum of 12 debit card transactions
• Receive eStatements
• Maintain a valid e-mail address

Availability

Headquartered in Battle Creek, Kellogg Community Credit Union’s field of membership (FOM) is residency-based, with individuals who live, work, worship, or attend school in the Michigan counties of Allegan, Barry, Berrien, Branch, Calhoun, Cass, Ionia, Kalamazoo, Kent, Montcalm, Newaygo, Ottawa, St. Joseph, or Van Buren, eligible to join.

Relatives of current KCCU members also qualify for membership. (The website does not specify which relatives qualify.)

Joining KCCU can be done online, or at any of 14 Michigan branches located in Battle Creek (5), Grand Rapids (2), Kalamazoo (3), Marshall, Portage, Springfield, and Three Rivers.

KCCU membership requires a minimum savings account deposit of just $5.00.

According to CSR, opening a CD Special can be done at any of the above-mentioned branch locations or by calling 269.968.9251. Current KCCU members can also open a CD Special by logging into their online banking account.

In addition to the CO-OP Shared Branching and ATM networks, KCCU participates in the Xtend Shared Branching network that,

serves thousands of members in over 10 states with over 200 branch locations; many of them are located right here in Michigan.

Credit Union Overview

Kellogg Community Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 1.46% (excellent) based on June 30, 2019 data. In the past year, KCCU increased its total non-brokered deposits by $49.93 million, an excellent growth rate of 11.31%. Please refer to our financial overview of Kellogg Community Credit Union (NCUA Charter# 68678) for more details.

In 1941, twelve Kellogg Company employees contributed $5 each and applied for a charter, forming a credit union to serve the financial needs of Kellogg Company employees and retirees in Battle Creek.

Nearly 80 years later, Kellogg Community Credit Union is currently Michigan’s 26^th largest credit union, with more than 39,600 members and assets in excess of $590 million.

How the CD Special Compares

When compared to 269 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within FOM, Kellogg Community Credit Union's 14-month CD Special APY currently ranks second.

The above rates are accurate as of 11/6/2019.

To search for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.