New Hampshire-based Triangle Credit Union (Triangle CU) has raised the rate on its 15-month CD Special (1.50% APY) and added a new 6-month CD Special (1.00% APY) and 28-month CD Special (2.00% APY) to its product line. The minimum deposit for any of the CD Specials is $1K, with no balance cap.
As stated on Triangle CU’s Truth in Savings document, the Early Withdrawal Penalty reads as follows:
If your account has an original maturity of more than one year, the penalty we may
impose will equal six months dividends on the amount withdrawn subject to penalty.
Headquartered in Nashua, New Hampshire, Triangle Credit Union offers membership to individuals who live or work in the New Hampshire counties of Belknap, Cheshire, Hillsborough, Merrimack, and Rockingham, and the Massachusetts counties of Essex, Franklin, Middlesex, and Worcester.
In addition, family members of current Triangle CU members also qualify for membership.
While Triangle CU’s "regular" CDs can be opened online, currently the CD Specials are not listed on the online application. CSR stated that the CD Specials could be opened over the phone.
Credit Union OverviewTriangle Credit Union (NCUA Charter # 68210) has an overall health grade of "B+" at DepositAccounts.com, with a Texas ratio of 7.49% (excellent) based on September 30, 2015 data. In the past year, Triangle CU increased its total deposits by $36.88 Million, an excellent annual growth rate of 8.75%. Please refer to our financial overview of Triangle Credit Union for more details.
Triangle Credit Union was incorporated in 1939 as the Triangle Federal Credit Union for the benefit of the employees of the Nashua Gummed and Coated Paper Company (now known as Nashua Corporation). In 1996, the Credit Union applied for a state charter, becoming the first federal credit union to change its charter as a result of the court action taken by the American Bankers Association against federal credit unions. The "Federal" part of the name was dropped upon the state charter being granted. Today, Triangle CU has over 47,000 members and assets in excess of $557 Million.
How the CDs Compare
When compared to the 156 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available to New Hampshire residents, Triangle Credit Union's 15-month CD Special currently ranks second.
When compared to the 197 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available to New Hampshire residents, Triangle Credit Union's 28-month CD Special APY currently shares the top spot with Service Credit Union’s 27-month Share Certificate Special.
The above rates are accurate as of 2/19/2016.