For a limited time, Red Rocks Credit Union (Red Rocks CU) is offering special tiered rates based on deposit levels ($10k, $50k, $100k) on its 12-month and 24-month Share Certificates. New money (defined as “funds held outside Red Rocks Credit Union”) is required to open these Share Certificates, and the promotion code, SUNNYCERT17, must be used when opening.
As stated in Red Rock CU’s Agreements and Disclosures document, the Early Withdrawal Penalty reads as follows:
For accounts with a term to maturity equal to or less than 12 months, the penalty imposed will equal 90 days' interest.
For accounts with a term to maturity greater than 12 months, the penalty imposed will equal 180 days' interest.
Headquartered in Highlands Ranch (south of Denver), Red Rocks Credit Union’s field of membership (FOM) offers a variety of ways for almost any Colorado resident to join.
Easy Membership: Individuals who live anywhere in Colorado are eligible for membership by joining Consumer’s United Association (CUA), a non-profit association open to all Colorado residents who are interested in financial education and advocacy.
Residency: Individuals who live or work in Douglas, Arapahoe or Jefferson County also qualify.
Employment: Employees of Lockheed Martin are eligible for membership.
Relationship: Family members of current Red Rocks Credit Union members are also eligible to join.
The promotion code, SUNNYCERT17, must be used when opening either of the limited-time Share Certificates.
Credit Union Overview
Red Rocks Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas ratio of 3.49% (excellent), based on March 31, 2017 data. In the past year, Red Rocks CU has increased its total non-brokered deposits by $18.15 million, an excellent annual growth rate of 7.98%. Please refer to our financial overview of Red Rocks Credit Union (NCUA Charter # 68560) for more details.
Founded in 1979, Red Rocks Credit Union was originally established for the benefit of the employees of Martin Marietta (now Lockheed Martin). The FOM has been expanded twice (1994 and 2013) to include residents of Douglas, Arapahoe and Jefferson Counties. Today, Red Rocks CU is the 13th largest credit union in Colorado, with more than 18,400 members and assets in excess of $278 million.
How the Share Certificates Compare
When compared to the other similar length-of-term CDs tracked by DepositAccounts.com, requiring a larger minimum deposit and available to Colorado residents, Red Rocks Credit Union’s 12-month Share Certificate APYs currently rank first and second.
When compared to the other similar length-of-term CDs tracked by DepositAccounts.com, requiring a larger minimum deposit and available to Colorado residents, Red Rocks Credit Union’s 24-month Share Certificate APYs currently rank first and third.
The above rates are accurate as of 8/15/2017.