Two months ago, Marshall Community Credit Union (MCCU) was promoting a 15-month CD Special, with 16 different APYs ranging from 2.00% to 3.00% APY. While that promotion is no longer available, MCCU is currently offering a 16-month CD Special, with 16 APYs ranging between 2.15% and 2.95%. The APYs are based on a combination of four deposit levels ($1k, $25k, $50k, $125k) and four Member Rewards Program levels (Valued, Loyal, Advantage, Premier).
The 16-month CD Special is also available as an IRA (Traditional, Roth), earning the same tiered APYs with the same requirements.
The Early Withdrawal Penalty for CDs with terms between 12-24 months is 180 days of dividends.
Monthly interest can be compounded to the certificate, credited to an MCCU checking/savings account, or paid out in a check.
There is a ten day grace period before the 16-month CD Special renews as a 12-month CD.
Member Rewards Program
Each Member Rewards Program level has a unique requirement that needs to be met, none of which are particularly burdensome.
- Valued Member – all MCCU members
- Loyal Member – up to $20k in loan balances or deposit balances of $20k-$49,999
- Advantage Member – $20k+ in loan balances or deposit balances of $50k+
- Premier Member – Active checking account (12 or more monthly transactions)
Kasasa Cash Checking
MCCU Kasasa Cash checking account has been earning 3.75% APY on qualifying balances up to $15k for almost two years. More detail about the Kasasa Cash checking account can be found in a February 2015 blog post.
Headquartered in Marshall, Michigan, Marshall 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 Barry, Branch, Calhoun, Eaton, Hillsdale, Jackson, Kalamazoo, or St. Joseph eligible to join.
Immediate family members of current MCCU members also qualify for membership. Complete qualification details are listed on the Membership Eligibility page.
As a requirement for membership, you must also open and
maintain a Share Savings account with a minimum balance of $5.
A Kasasa Cash account can also be opened online using a different online application.
MCCU participates in the CO-OP ATM network, giving its members access nearly 30,000 surcharge-free ATMs across the country.
Credit Union Overview
Marshall Community Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 4.46% (excellent) based on June 30, 2019 data. In the past year, MCCU has increased its total non-brokered deposits by $15.86 million, an excellent annual growth rate of 10.18%. Please refer to our financial overview of Marshall Community Credit Union (NCUA Charter # 62160) for more details.
Marshall Community Credit Union was established in 1951 and has continuously provided financial services to the residents of Calhoun County and its adjacent counties for the past 68 years. As part of its commitment to the community, MCCU recently donated $600 to Hughes School to be used to purchase materials for “guided reading” groups.
MCCU’s Mini-Grant Program is available for teachers, administrators and school staff at any of their partner schools (those that participate in the credit union’s “CU In School” program, an in-school, student-run credit union branch). Participating schools include Mar Lee, Marshall Academy, Marshall High School, Marshall Middle School, Walters, Hughes and Gordon Elementary, as well as Wattles Park Elementary and Harper Creek Middle School. Mini-Grants can be used for items or services that participating schools do not normally purchase through funding resources.
How the CD Special Compares
When compared to similar length-of-term CDs tracked by DepositAccounts.com that are available within the FOM, all of the 16-month CD Specials ($125k min) are rate leaders.
|Interest Rate||CD Length of Term||Credit Union/Bank|
|2.95% APY||16-Month Premier CD Special ($125k min)||Marshall Community Credit Union|
|2.85% APY||16-Month Advantage CD Special ($125k min)||Marshall Community Credit Union|
|2.75% APY||16-Month Loyal CD Special ($125k min)||Marshall Community Credit Union|
|2.60% APY||16-Month Valued CD Special ($125k min)||Marshall Community Credit Union|
|2.50% APY||15-Month Share Certificate Special ($10k min)||NASA Federal Credit Union|
The above rates are accurate as of 12/4/2019.
To look for the best CD rates, both nationwide and state specific, please refer to DA’s CD Rates Table page.