Marshall Community Credit Union Adds 16-Month CD, Up To 2.95% APY

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Deal Summary: 16-month CD Special, up to 2.95% APY, four deposit tiers.

Availability: Residents of eight SW Michigan counties.

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).

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.95*%$125k-Marshall Community Credit Union16 Month Premier CD Special
OTHER TIERS: 2.50% $1k - $25k | 2.65% $25k - $50k | 2.80% $50k - $125k
2.85*%$125k-Marshall Community Credit Union16 Month Advantage CD Special
OTHER TIERS: 2.40% $1k - $25k | 2.55% $25k - $50k | 2.70% $50k - $125k
2.75*%$125k-Marshall Community Credit Union16 Month Loyal Member CD Special
OTHER TIERS: 2.30% $1k - $25k | 2.45% $25k - $50k | 2.60% $50k - $125k
2.60*%$125k-Marshall Community Credit Union16 Month Valued Member CD Special
OTHER TIERS: 2.15% $1k - $25k | 2.30% $25k - $50k | 2.45% $50k - $125k
Rates as of December 4, 2019.

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.

APYMINMAXINSTITUTIONPRODUCTDETAILS
3.75%-$15kMarshall Community Credit UnionKasasa Cash
Rates as of December 7, 2019.

Availability

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.

Joining Marshall CCU and/or opening a CD can be done online, or at any of three Michigan branches located in Battle Creek, Coldwater, and Marshall.

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 RateCD Length of TermCredit Union/Bank
2.95% APY16-Month Premier CD Special ($125k min)Marshall Community Credit Union
2.85% APY16-Month Advantage CD Special ($125k min)Marshall Community Credit Union
2.75% APY16-Month Loyal CD Special ($125k min)Marshall Community Credit Union
2.60% APY16-Month Valued CD Special ($125k min)Marshall Community Credit Union
2.50% APY15-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.

Related Pages: Grand Rapids checking accounts, reward checking accounts, 1-year CD rates

Comments
Marshall Community Credit Union 15-Month CD Earns Up To 3.00% APY
Deal Summary: 15-month CD Special, up to 3.00% APY, four deposit tiers.

Availability: Residents of eight SW Michigan counties.

Marshall Community Credit Union (MCCU) is currently offering a 15-month CD Special, with 16 different APYs ranging from 2.00% to 3.00% APY. 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 15-month CD Special is also available as an IRA (Traditional, Roth), earning the same tiered APYs with the same requirements.

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Marshall CCU (MI) Introduces Competitive Rate 55-Month CD Special
Availability: Residents of 8 mid-Michigan counties

Last week, Marshall Community Credit Union’s (Marshall CCU) introduced a new 55-month CD Special (2.25% APY). The minimum deposit is $1K of new money, with no balance cap. The Early Withdrawal Penalty on the 55-month CD is 365 days’ dividends.

The possibility of an additional 10 basis points added to the APY is noted on Marshall CCU’s Rates page:

Marshall CCU also offers a new, competitive Kasasa Cash checking account that I recently wrote about. This Kasasa Cash checking account earns 2.25%...

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Marshall Community CU (MI) Adds Kasasa Cash And Kasasa Savings
Availability: Residents of 8 mid-Michigan counties

In mid-January, Marshall Community Credit Union’s (Marshall CCU) began offering a Kasasa Cash checking account with a competitive rate (2.25% 3.75 APY) and a competitive balance cap ($25k $15k).

Unlike many other Kasasa Cash checking accounts, Marshall CCU’s Kasasa Cash’s monthly qualifying transactions do not include a direct deposit.

Monthly Qualifications

  • At least 12 debit card purchases
  • Be enrolled in and receive eStatements
  • Be enrolled in and log into online banking platform

Account Details

  • Qualifying balances up to $25k $15k earn 2.25% 3.75 APY
  • Qualifying balances over $25k $15k earn 0.25% APY
  • If...

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