Prairieland FCU (IL) Ups 60-Month Jumbo CD ($100k min)


Deal Summary: 60-Month Jumbo Share Certificate (3.15% APY, $100k min), 60-Month Share Certificate (3.00% APY, $1k min).

Availability: Residents of McLean County, Illinois

Last week, Prairieland Federal Credit Union joined the 3% club, when it raised the rates on its 60-month Share Certificate (3.00% APY) and 60-month Jumbo Share Certificate (3.15% APY). (The other institutions currently offering 3.00% APY on a 5-year CD are Connexus Credit Union and RCB Bank.) The minimum opening deposit for the Share Certificate is $1k and $100k for the Jumbo Certificate.

3.25%$100k-Prairieland Federal Credit Union60 Month Jumbo Share CD
3.10%$1k-Prairieland Federal Credit Union60 Month Share CD
Rates as of September 15, 2019.

This is the first rate increase since the Share Certificates were added to the product line in September 2017.

According to CSR, the Early Withdrawal Penalty for either Certificate is 360 days.


Headquartered in Normal, Illinois, Prairieland Federal Credit Union’s field of membership (FOM) is residency based, with individuals who live, work, attend school, worship, or volunteer in McLean County eligible to join.

Joining Prairieland FCU and/or opening a Share Certificate can be done by visiting any of the three Illinois branches located in Bloomington and Normal (2). You can also request a membership application be mailed by either calling (877.371.1211) or through e-mail ([email protected]).

Prairieland FCU’s online banking platform is currently limited to account management and bill pay services.

Credit Union Overview

Prairieland Federal Credit Union has an overall health grade of "B" at, with a Texas ratio of 9.35% (excellent) based on September 30, 2017 data. Prairieland FCU an excellent annual capitalization level (13.37%), the result of holding $73 million in assets with $9.76 million in equity. Please refer to our financial overview of Prairieland Federal Credit Union (NCUA Charter # 2037) for more details.

Originally established in 1937 as the Oil-O-Matic Credit Union, Prairieland Federal Credit Union has experienced expansion by adding select employee groups, a change to a community charter in 2001, growth via a merger with the Alton Route Credit Union in 2010, and four name changes. The current name, Prairieland Federal Credit Union, was chosen in 2002 because it not only reflects the geographic area, but also reflects Prairieland’s "long history of serving hard-working people helping each other succeed and prosper."

How the Share Certificates Compare

When compared to the similar length-of-term CDs tracked by that are available within the FOM, Prairieland Federal Credit Union’s 60-Month Jumbo Share Certificate APY currently ranks first, regardless of minimum deposit.

The above rates are accurate as of 1/29/2018.

To look for the best CD rates, both nationwide and in your state, please refer to our CD Rates Table page.

Related Pages: Peoria CD rates, 5-year CD rates


Edward   |     |   Comment #4
I'm an occasional reader of this blog and have come to trust the listings here. But I see that some CU rates are not listed....specifically, I found the Navy FCU 15-mo rate at 2.25% the best out there.
Is there a reason it is not listed? Or maybe it's there and I can't find it (quite possible!!)
gregk   |     |   Comment #5
My comment violated the comment policy, - suggesting perhaps 5 year CD's might reach 4% by year end?

What a farce. I'm done.
alan1   |     |   Comment #17
It is not clear to me why so many comments have been removed for violating the comment policy. The only possible violation that I can perceive is that the comments are not related to the subject of the article. The policy states:

"Off Topic Information - Any content posted that is off topic or adds no value may be deleted."

It's true that the deleted comments are not germane to the topic under discussion -- a particular CD offered by a financial institution.

But that seems par for the course these days. I think it would be helpful if we were informed about why comments on this article were so egregiously violative of the comment policy.

Thank you.
gregk   |     |   Comment #18
The thing is, this CD was being offered to residents of one obscure county in Illinois, and not likely to elicit any direct comments from those who might qualify for it. What made for more general interest was the fact of its 3.15% APY (under certain conditions) which led me to wonder if a 4% CD might plausibly be on the horizon by the end of the year. It's not as if my "irrelevant" reflection diverted from some more specifically focused discussion that was occurring, - indeed, had I not commented it's highly unlikely there would have been any other reaction posted to this write-up, - so why not let things go where they will? It's just a little annoying when the moderator seems to be inviting intelligent and articulate comment and dialogue here, but then for no discernible reason refuses to allow it. Appropriate if Ken would explain, yes.
Nothing   |     |   Comment #19
Offer is open “also” to those that worship in that county...why not combine worship with membership and broaden your horizons!
Nothing   |     |   Comment #22
Praise the Lord!
Ricochet   |     |   Comment #23
I don't recall the deleted posts but a trend was established by members of crapping on ANY post whether in context or not.
Err Go...Stones in Glass houses
BilleBobNorton   |     |   Comment #24
My late husband worked in the county many years ago. wonder if I'm eligible due to my status of the widow of a county worker?
Prairieland FCU (IL) Offers Competitive 36-Month CD
Availability: Residents of McLean County, Illinios

Prairieland Federal Credit Union began the month by raising the rates on its 36-month Share Certificate (2.27% APY) and 36-month Jumbo Share Certificate (2.43% APY). This is the first rate increase for the Certificates in almost a year, and the new APYs are the highest in the Certificates’ 4-year history.

The minimum opening deposit for the Certificate is $1K and $100k for the Jumbo Certificate, with no maximum balance cap for either.

According to CSR, the Early Withdrawal Penalty for either Certificate is 182...

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The minimum opening deposit is $1K and there is no maximum balance cap. This is a limited time offer valid through December 31, 2014 and requires new money.

As stated on Prairieland FCU’s website, the Early Withdrawal Penalty is as follows:

On a lighter, somewhat unrelated note, check out Prairieland FCU's snowman on its homepage. He'll put a smile on your...

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If you don’t want to lock your “safe” money up in long-term CDs, you probably won’t find short-term CDs appealing. Most CDs with terms under one year have rates that are lower than internet savings account rates. Every now and then you can find one that’s higher. That’s the case at Prairieland Federal Credit Union which is listing a special 6-month Jumbo CD with a 1.06% APY. Minimum deposit is $100,000. The rate and details are listed in this credit union’s promo page as of 5/8/2013. This is a limited...

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