Kellogg Community Credit Union’s (KCCU) has two added “Pot of Gold” Certificate Specials: 8-month and 18-month with tiered APYs ($500 and $50k minimum deposits). These limited-time specials require new money.
”Pot of Gold” IRA (Traditional, Roth, CESA) Certificate Specials are also available, earning the same tiered APYs with the same funding requirements.
According to CSR, the Early Withdrawal Penalty for the 8-month Certificate Special is 90 days interest, and 180 days interest for the 18-month Certificate Special.
About two years ago, KCCU introduced its eChecking account, which still earns 4.00% APY on qualifying balances up to $15k. The monthly qualifying requirements are,
As stated on the eChecking landing page, applicants “must have a credit score of 640 or higher to qualify.” I don’t think I’ve ever seen that type of requirement listed before.
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, and Van Buren eligible to join. (In the two years since I last wrote about KCCU, an additional six Michigan counties have been added to the FOM.)
Relatives of current KCCU members also qualify for membership. Unlike many credit unions, KCCU's website does not specify which relatives qualify.
According to CSR, opening a Pot of Gold Certificate Special must be done at any of the above mentioned branch locations.
Credit Union Overview
Kellogg Community Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas ratio of 1.68% (excellent) based on June 30, 2017 data. In the past year, KCCU increased its total deposits by $22.22 million, an excellent growth rate of 5.5%. 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.
And so began a 76-year community co-operative financial journey. Today, Kellogg Community Credit Union holds assets in excess of $507 million and serves over 35,800 members.
How the Certificates Compare
When compared to the 185 similar length-of-term CDs tracked by DepositAccounts.com that are available within FOM, Kellogg Community Credit Union's 18-month Golden Certificate Special APY currently ranks second.
When compared to the 248 similar length-of-term CDs tracked by DepositAccounts.com that are available within FOM, Kellogg Community Credit Union's 8-month Golden Certificate Special APY currently ranks second.
The above rates are accurate as of 10/24/2017.
To search for the best CD rates, both nationwide and state specific, please refer to our CD rates table or our new Rates Map page.