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 FCU) also has a 12-month Jumbo CD ($100K minimum) with an interest rate that parallels the above mentioned 12-month CD, but these are two separate products.
Sun Community FCU’s field of membership is residency based, with individuals who live, work, worship or volunteer in Imperial County, California, eligible to join.
While Sun Community FCU does offer some online banking features through their "Home Banking" platform, joining the credit union and opening a CD requires an in-person visit to any of seven branches located in Brawley, Calexico, Calipatria, El Centro (2), Holtville, and Imperial.
Credit Union Overview
Sun Community Federal Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas ratio of 4.53% (excellent) based on September 30, 2014 data. In the past year, Sun Community FCU has increased its total deposits by $7.81, an excellent annual growth rate of 3.03%. Please refer to our financial overview of Sun Community Federal Credit Union for more details.
Sun Community Federal Credit Union was originally chartered in 1954 as the Imperial Valley U.S. Employees Federal Credit Union (NCUA Charter # 9296). From very humble beginnings (an unused detention cell in the basement of the Calexico Port of Entry served as the first office), Sun Community FCU has grown to the largest locally-owned financial institution in the Imperial Valley, with over 34,200 members and assets in excess of $302 Million.
How the CD Compares
When compared to other similar length-of-term CDs tracked by DepositAccounts.com, that require a similar minimum deposit, and are available to California residents, Sun Community Federal Credit Union's 12-month CD is competitive:
These rates are accurate as of 12/15/2014.
To look for the best nationwide CD rates and the best CD rates in your state, please refer to our CD rates table.