For the past few years, Red Rocks Credit Union (Red Rocks CU) has offered “seasonal” Share Certificate Specials. It’s spring time in the Rockies and Red Rocks CU has announced three Spring Share Certificate Specials: 12-month (3.00% APY), 24-month (3.30% APY), and 36-month (3.35% APY). Unlike previous Specials, these Share Certificates do not have tiered APYs. All three limited-time Share Certificates require new money, which is defined as “funds held outside Red Rocks Credit Union.” The 24- and 36-month Share Certificates require a $5k minimum deposit, with the 12-month only requiring a minimum $1k deposit.
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.
Thanks to DA reader, rockies, for the Forum post on Red Rocks CU’s latest seasonal specials.
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.
Joining Red Rocks CU (minimum $5 opening deposit in a Primary Savings account) and/or opening a Share Certificate Special can be done online, by phone (303.471.7625), or in person at the Highlands Ranch branch located in the Red Rocks Town Center. The Red Rocks Waterton branch is only accessible by Lockheed Martin employees and the Corporate Office in Littleton has no branch services.
As stated in Red Rocks CU's online application:
you must be a U.S. citizen, currently reside in the state of Colorado and have a FICO® Score >550 to open your account with us online.
It has been reported that in the application process a hard credit pull is done via Experian.
Red Rocks CU is a participating member of the CO-OP Shared Branch Network.
You can withdraw funds, check your balance and more at any of the 30,000 surcharge-free Co-op Network ATM locations in our nationwide network. You can also visit one of our 4,474 shared branch locations nationwide.
Credit Union Overview
Red Rocks Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 1.22% (excellent), based on December 31, 2018 data. Red Rocks CU has an above average capitalization level (10.21%), the result of holding $307.46 million in assets with $31.4 million in equity. 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. More recently, membership was expanded to include all Colorado residents through the Consumer’s United Association. Red Rocks CU is currently the 13th largest credit union in Colorado, with more than 17,300 members and assets in excess of $307 million.
How the Share Certificate Specials Compare
When compared to similar length-of-term CDs tracked by DepositAccounts.com, requiring a similar minimum deposit and available to Colorado residents, all three of Red Rocks Credit Union’s Share Certificate Special APYs currently rank first.
The above rates are accurate as of 4/19/2019.
To search for the best CD rates, either nationwide or state-specific, please refer to our CD Rates Table page.