Now through May 31, 2015, Red Rocks Credit Union (Red Rocks CU) is offering competitive rates on its 48-month Share Certificate (2.02% APY) and 60-month Share Certificate (2.38% APY). Both Share Certificates (CDs) require a $5K minimum deposit, with no balance cap.
|2.12*%||$5k||-||Red Rocks Credit Union||60 Month Share Certificate|
|2.02*%||$5k||-||Red Rocks Credit Union||48 Month Share Certificate|
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 greater than 12 months, the penalty imposed will equal 180 days' interest.
Headquartered in Highlands Ranch, Colorado, Red Rocks Credit Union offers membership to:
1. Individuals who live or work in Douglas, Arapahoe or Jefferson County;
2. Employees of Lockheed Martin;
3. Family members of a Red Rocks Credit Union member;
4. Members of Consumer’s United Association, a non-profit association open to all Colorado residents who are interested in financial education and advocacy.
There is a promotion code, CDSPR15, associated with the two above mentioned CDs that should be used when opening.
Credit Union Overview
Red Rocks Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas ratio of 2.28% (excellent), based on December 31, 2014 data. In the past year, Red Rocks CU increased its total deposit by $5.11 Million, an above average annual growth rate of 2.44%. Please refer to our financial overview of Red Rocks Credit Union for more details.
Founded in 1979, Red Rocks Credit Union (NCUA Certificate # 68560) was originally established for the benefit of the employees of Martin Marietta (now Lockheed Martin). The field of membership has been expanded twice (1994 and 2013) to include residents of Douglas, Arapahoe and Jefferson Counties. Today, Red Rocks CU is the 7th largest credit union in Colorado, with over 16,800 members and assets in excess of $237 Million.
How the CDs Compare
When compared to other similar length of term CDs tracked by DepositAccounts.com, requiring a similar minimum deposit and available to Colorado residents, Red Rocks Credit Union’s 48-month and 60-month CDs are both competitive.
The above rates are accurate as of 4/15/2015.
To search for nationwide CD rates and CD rates in your state, please refer to the CD rates section of DepositAccounts.com.