Atlantic Federal Credit Union (NJ) Adds 37-Month CD, 3.35% APY


Deal Summary: CD Specials: 37-month (3.35% APY), 19-month (3.10% APY), 15-month Rate Riser (2.90% APY), $500 minimum deposit.

Availability: Residents of Essex and Union Counties, New Jersey.

Atlantic Federal Credit Union (Atlantic FCU) is offering a handful of CD Specials, including a 37-month (3.35% APY) and 19-month (3.10% APY). The CD Specials require a $500 minimum deposit and there are no stated balance caps.

2.10%$500-Atlantic Federal Credit Union (NJ)19 Month CD Special
2.10%$500-Atlantic Federal Credit Union (NJ)19 Month IRA Special (Traditional, Roth)
Rates as of January 18, 2020.

Both are available as IRAs (Traditional and Roth), earning the same APYs with the same funding requirements.

According to CSR, the Early Withdrawal Penalty (EWP) for either CD Special is 180 days interest, with partial withdrawals allowed.

15-Month Rate Riser CD Special

Another limited-time product being offered is the 15-month Rate Riser CD Special, which earns 2.90% APY. Like the 19- and 37-month CD Specials, the minimum deposit is $500 and the EWP is 180 days interest.

2.10%$500-Atlantic Federal Credit Union (NJ)15 Month Rate Riser Special
Rates as of January 18, 2020.

While the rate is not outstanding, if Atlantic FCU increases the rate anytime throughout the term,

you may request that we apply the new higher 15-month rate to your entire balance. No additional deposit required, but you may add additional funds at the time of rate increase if desired. One rate riser request per certificate.

Note: The 15-month Rate Riser CD Special has its own Application & Rate Change Form.

Rate change must be requested in writing and dated by member. One-time rate change with or without additional funds applies to the current balance in the 15 Month Rate Riser Share Certificate at the time of the request for the remaining term of the certificate.

The add-on deposit feature can be very useful. However, when it’s dependent on the institution increasing the rate of the product, its value diminishes since there’s a significant risk that the institution may choose not to increase the rate.

Excess Share Insurance

Deposits at Atlantic FCU are fully insured up to $500,000: at least $250,000 by the NCUA and $250,000 by Excess Share Insurance, the nation’s largest provider of excess share insurance since 1993.

Members' individual Savings and Share Certificate accounts are insured up to $500,000. IRA accounts are separately insured for $500,000. And for joint accounts, each account holder's interest is added together and insured up to another $500,000.


Headquartered in Kenilworth, New Jersey, Atlantic Federal Credit Union’s field of membership (FOM) is residency-based, with individuals who live, work, worship, attend school, or regularly do business in Essex or Union County (NJ) eligible to join.

Regardless of where they live, immediate family members (spouse, child, sibling, parent, grandparent, grandchildren, step- and adoptive relations) of current Atlantic FCU members also qualify for membership.

Joining Atlantic FCU and/or opening a CD Special (including the 15-month Rate Riser) can be done online, or at any of three New Jersey branches, located in Kenilworth, Newark, and West Orange.

Credit Union Overview

Atlantic Federal Credit Union has an overall health grade of "C+" at, with a Texas Ratio of 17.25% (above average) based on September 30, 2018 data. Atlantic FCU has an excellent capitalization level (15.45%), the result of holding $222.1 million in assets with $34.32 million in equity. Please refer to our financial overview of Atlantic Federal Credit Union (NCUA Charter # 477) for more details.

Atlantic Federal Credit Union is currently New Jersey’s twelfth largest credit union, with more than 18,400 members and assets in excess of $222 million. Established in 1935 by AT&T Western Electric employees, the Credit Union was designed as “a not-for-profit financial cooperative to meet their savings and borrowing needs – an especially formidable task in that depression era.” (FYI - Western Electric supplied equipment to AT&T's long distance and local telephone companies for more than a century.) Atlantic FCU has evolved from a one-company credit union to a financial institution serving the third and seventh largest New Jersey counties.

How the CD Specials Compare

When compared to the similar length-of-term CDs tracked by that require a similar minimum deposit and are available within the FOM, Atlantic Federal Credit Union's 37-month CD Special APY currently shares the top spot with Connexus Credit Union’s 36-month Certificate APY.

When compared to the similar length-of-term CDs tracked by that require a similar minimum deposit and are available within the FOM, Atlantic Federal Credit Union's 19-month CD Special APY currently ranks second.

The above rates are accurate as of 1/22/2019.

To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table.

Related Pages: New York CD rates, 1-year CD rates, 5-year CD rates


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