Massachusetts based RTN Federal Credit Union (RTN) has just concluded its "Celebrating 70" anniversary year campaign, which included events, prizes, and special promotions for its members.
RTN has started "Year 71" with a 37-month Share Certificate Special (1.70% APY). This limited-time promotional offer requires a minimum opening deposit of $1K and has no balance cap.
The 37-month Share Certificate Special is also offered as an IRA (Traditional, Roth, SEP, and CESA) earning the same APY. The minimum opening deposit is also $1K, except for the CESA, which only requires $500 to open.
As stated in the Truth In Savings Disclosure Statement, the Early Withdrawal Penalty reads as follows:
If your account has an original maturity of one year or longer, the early
withdrawal penalty will equal six months dividends on the amount withdrawn.
Headquartered in Waltham, Massachusetts, RTN Federal Credit Union offers easy membership requirements. You can qualify for membership through:
Easy Membership - Membership in any of the following organizations qualifies for RTN membership. RTN handles the process for you to join whichever organization you choose.
- Amesbury Carriage Museum
- Danvers Historical Society
- Greater Boston Sickle Cell Association, Inc.
- Gore Place
- Tewksbury Historical Society
- Waltham Historical Society
- Wakefield Repertory Theatre
Employee Group - Employed by, retired from, or have a family member who is working for or is retired from any of 600+ employer groups.
Family Membership - Related to someone who is already an RTN member or eligible to be a member of the Credit Union.
RTN’s website details the membership application process and also provides a fillable PDF application for download.
If you are mailing in your documents, be sure to include a copy of a valid government-issued photo identification with your correct address, an initial $25 deposit and completed
membership application with signatures for all those listed on the account witnessed by a notary.
RTN has 18 full-service Massachusetts branches located in Amesbury, Andover, Brookline (2), Danvers, Dorchester (2), Lawrence, Marlborough (2), Needham, Sudbury, Taunton, Tewksbury, Waltham (3), and Woburn.
If you are already an RTN member, a fillable PDF Share Certificate application is available for download to facilitate opening a new Share Certificate.
Credit Union Overview
RTN Federal Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas ratio of 2.97% (excellent), based on September 30, 2015 data. In the past year, RTN has increased its total deposit by $2.54 Million, an above average annual growth rate of 0.37%. Please refer to our financial overview of RTN Federal Credit Union for more details.
Established in 1945, RTN Federal Credit Union (NCUA Certificate # 24311) is one of the largest credit unions in Massachusetts, with assets in excess of $813 Million and nearly 47,000 members. RTN is actively involved in supporting its community through various non-profits, and helping the homeless is central to RTN’s fundraising and community involvement. In January, along with 26 other Massachusetts credit unions and the Cooperative Credit Union Association, RTN donated a record-breaking 825 blankets to the Massachusetts Coalition for the Homeless and more than 25 local agencies across the state.
How the CD Compares
When compared to 146 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available nationally, RTN Federal Credit Union’s 37-month Share Certificate Special currently ranks third.
The above rates are accurate as of 2/18/2016.