The rates on NuVision Federal Credit Union’s (NuVision) 5-year Certificate (up to 2.20% APY) have remained steady for more than two years, and with the recent decline in rates, have become inherently more competitive.
NuVision structures its Certificate rate tiers in 5 basis points increments, for minimum deposits of $1k, $25k, $50k, and $100k.
|2.20%||$100k||-||NuVision Federal Credit Union||5 Year Jumbo CD|
|2.15*%||$50k||-||NuVision Federal Credit Union||5 Year CD|
The 5-year Certificate is also offered as an IRA (Traditional, Roth, CESA, and SEP), earning the same tiered APYs with the same funding requirements.
|2.20%||$100k||-||NuVision Federal Credit Union||5 Year Jumbo IRA (Traditional, CESA, SEP, Roth)|
|2.15*%||$50k||-||NuVision Federal Credit Union||5 Year IRA (Traditional, Roth, CESA, SEP)|
As stated in NuVision’s Truth In Savings Disclosures, the Early Withdrawal Penalty reads as follows:
Terms of greater than 1 year - 180 days’ dividends
Headquartered in Huntington Beach, California, NuVision Federal Credit Union offers membership to virtually any U.S. Citizen or Resident Alien, 18 years or older.
Easy Membership: Individuals who join the American Consumer Council (ACC) qualify for membership. The last option on the online application reads in part, “Please enroll me in the American Consumer Council (ACC) so I may open an account with NuVision. NuVision handles everything including my fee to join the ACC.”
Employment: Any Southern California or Meza, Arizona, Boeing employee; Sempra Energy/The Gas Company employee; or Tesoro Company employee is eligible to join, as are their immediate family and household members.
NuVision also offer membership to employees (as well as their families and households) of more than 120 other SEGS
Relationship: Immediate family and household members of current NuVision members are eligible to join.
For complete membership details, please refer to NuVision’s Am I Eligible? page.
Joining NuVision and/or opening a 5-year Certificate can be done online, or at any of twelve Southern California branches located in Carson, Costa Mesa, Huntington Beach (4), La Verne, Laguna Hills, Lakewood, Los Angeles, Monterey Park, and Seal Beach. NuVision also has an Arizona branch located in Mesa.
Credit Union Overview
NuVision Federal Credit Union (NCUA Charter # 566) has an overall health rating of "A" at DepositAccounts.com, with a Texas Ratio of 3.82% (excellent) based on June 30, 2016 data. In the past year, NuVision has increased its total deposits by $39.39 million, an excellent annual growth rate of 3.33%. Please refer to our financial overview of NuVision Federal Credit Union for more details.
Founded in 1935, NuVision Federal Credit Union’s initial field of membership was affiliated with the growing aviation industry in Southern California, as it was originally established as the Douglas Aircraft Company Federal Credit Union. Forty years later, it was renamed the McDonnell Douglas West Federal Credit Union. The Credit Union was re-branded as NuVision in 2002 to better reflect the,
diverse group of sponsor companies in our field of membership in industries including
aerospace, utilities, municipal, retail, automotive, housing, engineering, and healthcare.
How the Certificate Compares
When compared to the 182 similar length-of-term CDs tracked by DepositAccounts.com that are available nationally, NuVision Federal Credit Union's 5-Year Certificate top tier APY currently ranks second, regardless of minimum deposit.
|Interest Rate||CD Length of Term||Credit Union/Bank|
|2.30% APY||60-Month CD ($500 min)||Mountain America Credit Union|
|2.20% APY||5-Year Certificate ($100k min)||NuVision Federal Credit Union|
|2.14% APY||5-Year CD ($5k min)||State Bank of India|
The above rates are accurate as of 10/22/2016.