Langley FCU (Easy Membership) Has Limited-Time 36-Month CD Special
For one week only, Langley Federal Credit Union (Langley FCU) is offering a "Many Happy Returns" 36-month CD Special (2.00% APY). The minimum deposit is $1K, with no balance cap.
This limited-time offer, which ends on December 5, 2015, is also available as an IRA (Traditional and Roth), earning the same APY but only requiring a $500 opening deposit.
As stated on Langley FCU’s Truth In Savings For CDs document, the Early Withdrawal Penalty reads as follows:
Terms of 12 month or longer, 180 days’ dividends
Availability
Headquartered in Newport News, Virginia, Langley Federal Credit Union offers membership through a variety of ways.
Easy Membership: Joining any of four non-profit organizations (Friends of the Carrollton Library, $5; Friends of the Gloucester Library, $5; Friends of the Poquoson Library, $10; Virginia Association of Museums, $15) qualifies you for membership in Langley FCU. (This is the fifth option on the first page of Langley FCU’s online application.)
Employment: Employees of over 900 SEGs qualify for membership.
Relationship: Family and household members of current Langley FCU members
Organization Affiliation: Members of 240+ Virginia-based organizations and schools are also eligible to join.
Joining Langley Federal Credit Union can be done online, or at any of 19 Virginia branches located in Carrollton, Chesapeake, Hampton (4), Hayes, Langley AFB, Newport News (5), Norfolk, Poquoson, Virginia Beach, Williamsburg (2), and Yorktown.
While a link to the online application is listed on the "Many Happy Returns" promotion page, the 36-month CD listed on the application is the standard 36-month CD (1.92% APY). In a Live Chat and a phone call with CSR, it was determined that the 36-month CD Special can’t be opened online, but can be opened in-person at any of the above mentioned branch locations, or on the phone.
Credit Union Overview
Langley Federal Credit Union (NCUA Charter # 1261) has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 5.72% (excellent) based on June 30, 2015 data. In the past year, Langley Federal Credit Union increased its total deposits by 101.86 Million, an excellent annual growth rate of 6.71%. Please refer to our financial overview of Langley Federal Credit Union for more details.
Langley Federal Credit Union was originally chartered in 1936 as the National Advisory Committee for Aeronautics (NACA) Laboratory Federal Credit Union. (NACA was a U.S. federal agency founded in early 1915 to undertake, promote, and institutionalize aeronautical research, which later became NASA.) Twenty-five NACA employees each deposited $1 to pay the charter fee, and the following month, the Credit Union opened its doors with assets totaling $275. Langley Federal Credit Union is a rapidly growing credit union with 222,200+ members, and has been among the top 10 in loan growth among billion dollar credit unions in 2012, 2013, and 2014.
How the CD Compares
When compared to the 126 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available nationwide, Langley Federal Credit Union’s 36-Month CD APY currently shares the top spot with Elements Financial’s 32-month Harvest CD Special.
The above rates are accurate as of 11/29/2015.
To search for nationwide CD rates and CD rates in your state, please refer to the CD rates section of DepositAccounts.com.
As far as how it compares to "all deals now available" of every stripe, who could say except in light of your unique circumstances and objectives, - unless rate is the only consideration (in which case you can do better than this).