Sun Community Fed Credit Union 60-Month Jumbo CD Has Top Rate In CA

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Deal Summary: 60-month Jumbo Share Certificate, 2.05% APY, $100k min deposit. 60-month Share Certificate, 2.00% APY, $500 min deposit.

Availability: Residents of Imperial County and Coachella Valley, California

I haven’t written about Sun Community Federal Credit Union (Sun Community) in nearly six years. While all Sun Community CDs had substantial rates drops (between 32 and 53 bps) in early May, the APYs have remained competitive, particularly the 60-month Jumbo Share Certificate (2.05% APY, $100k minimum) and 60-month Share Certificate (2.00% APY, $500 minimum).

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.45%$100k-Sun Community Federal Credit Union60 Month Jumbo Share Certificate
1.45%$100k-Sun Community Federal Credit Union60 Month Jumbo IRA (Traditional, Roth, CESA, SEP)
1.35%$500-Sun Community Federal Credit Union60 Month Share Certificate
1.35%$500-Sun Community Federal Credit Union60 Month IRA (Traditional, Roth, CESA, SEP)
Rates as of September 29, 2020.

Both the 60-month Jumbo Share Certificate and Share Certificate are available as IRA Certificates (Traditional, Roth, CESA, or SEP), earning the same APYs with the same deposit requirements.

According to CSR, the Early Withdrawal Penalty for the 60-month is 180 days interest, with partial withdrawals allowed.

As stated on Sun Community’s Share Certificates page,

  • We make funding your certificate easy using wire transfers, ACH, and checks.
  • We offer a one-time rate bump if rate increases throughout the life of your term.
  • If needed, we allow you to withdraw as much as 50% of your total funds with no withdraw penalty.

CSR stated a no-penalty withdrawal is possible in case of a medical emergency or imminent foreclosure/eviction.

The other competitive Share and Jumbo Share Certificates in Sun Community's product line include:

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.25%$100k-Sun Community Federal Credit Union48 Month Jumbo Share Certificate
1.15%$500-Sun Community Federal Credit Union48 Month Share Certificate
1.15%$100k-Sun Community Federal Credit Union36 Month Jumbo Share Certificate
1.10%$100k-Sun Community Federal Credit Union24 Month Jumbo Share Certificate
1.05%$500-Sun Community Federal Credit Union36 Month Share Certificate
1.05%$100k-Sun Community Federal Credit Union18 Month Jumbo Share Certificate
1.00%$500-Sun Community Federal Credit Union24 Month Share Certificate
0.95%$500-Sun Community Federal Credit Union18 Month Share Certificate
0.95%$100k-Sun Community Federal Credit Union12 Month Jumbo Share Certificate
0.85%$500-Sun Community Federal Credit Union12 Month Share Certificate
Rates as of September 29, 2020.

Availability

Headquartered in El Centro, California, Sun Community Federal Credit Union’s field of membership (FOM) is residency based, with individuals who live, work, worship, or volunteer in Imperial County or the Coachella Valley in California, eligible to join.

Joining Sun Community and/or opening a Jumbo Share Certificate requires an in-person visit (by appointment only) to any of seven Imperial Valley and three Coachella Valley branches, but according to the Membership page,

Our Imperial, Holtville, EC Cardenas, and Calipatria branches are temporarily closed. For additional updates on the coronavirus situation please visit the COVID-19 section in our website.

All members are required to open and maintain a Secure Savings account with a minimum balance of $5.

Sun Community participates in the CO-OP ATM network, but not the Shared Branch network.

Credit Union Overview

Sun Community Federal Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 1.39% (excellent) based on March 31, 2020 data. In the past year, Sun Community has increased its total non-brokered deposits by $35.15 million, an excellent annual growth rate of 8.94%. Please refer to our financial overview of Sun Community Federal Credit Union (NCUA Charter # 9296) for more details.

Chartered in 1954, Sun Community Federal Credit Union was originally known as the Imperial Valley U.S. Employees Federal Credit Union. From the most humble of beginnings (the first office was an unused detention cell in the basement of the Calexico Port of Entry), Sun Community has grown to become the largest locally-owned financial institution in the Imperial Valley, with nearly 44,000 members and assets in excess of $480 million.

How the Jumbo Share Certificate Compares

When compared to the similar length-of-term CDs tracked by DepositAccounts.com that available within the FOM, Sun Community Federal Credit Union’s 60-month Jumbo Share Certificate APY currently ranks first, regardless of minimum deposit requirement.

These rates are accurate as of 7/10/2020.

To search for the best CD rates, either nationwide or state specific, please refer to our CD Rates Table page.

Related Pages: Yuma CD rates, Palm Springs CD rates, 1-year CD rates, 5-year CD rates

Comments
Sun Community FCU (CA) Raises Rate on 12-month CD - Local

Availability:

Residents of Imperial County, California.

Sun Community Federal Credit Union (CA) has raised the rate on its 12-month CD (1.25% APY); this is the first rate increase for the 12-month CD in 18 months.

The minimum opening deposit is $500, with a maximum balance cap of $100K. The 12-month CD is also available as an IRA (Traditional, Roth, or CESA) at the same APY, with the same funding requirements. According to CSR, the Early Withdrawal Penalty is 90 days interest.

N.B. Sun Community Federal Credit Union (Sun Community...

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Sun Community FCU (California) Offers Very Competitive 6-month CD

Sun Community Federal Credit Union (CA) is offering a competitive rate 6-month CD (1.11% APY). The minimum opening deposit is $500, with a maximum balance cap of $100K. The 6-month CD is also available as an IRA (Traditional, Roth, or CESA) at the same 1.11% APY. According to CSR, the Early Withdrawal Penalty is a substantial 3 months interest.

N.B. Sun Community Federal Credit Union (Sun Community FCU) also has a 6-month Jumbo CD ($100K minimum) with an interest rate that parallels the above mentioned 6-month CD,...

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