Veritas FCU Has Very Competitive 14-Month Certificate Special


Availability: Employment relationship with a variety of Nissan North America companies and affiliates.

Yesterday, Veritas Federal Credit Union (VFCU) added a very competitive 14-month Certificate Special (2.02% APY). The minimum deposit is $500 of new money, with no balance cap.

This is a limited-time offer, and while no end-date is listed on the VFCU’s website, CSR stated that it will only be available "until the reserve is met, so it may disappear at any time."

According to the very helpful CSR, the Early Withdrawal Penalty is 90 days interest.

Many thanks to the DA reader who informed me about this Certificate Special.


Headquartered in Franklin, Tennessee, Veritas Federal Credit Union was originally chartered to serve the employees of the Nissan Motor Corporation.

The Field of Membership (FOM) has been expanded to include several Nissan North America companies. Complete details are available on VFCU’s website.

You are eligible for Veritas Federal Credit Union membership if you are employed by any of the Select Employee Groups listed below. You may also join if you are an employee of a long-term contractor working at any of the below facilities.

  • Nissan North America (NNA)
  • Any NNA regional office in North America
  • Any Infiniti regional office in North America
  • Any Parts Distribution Center (PDC) in North America
  • Any Distribution Auto Services (DAS) in North America
  • Any Tier 1 or Tier 2 Supplier in North America

You are also eligible to join the Credit Union if you are employed at any of the following Nissan affiliate locations:

  • NNA-Decherd, Decherd, TN
  • NNA Smyrna, Smyrna, TN
  • NNA Canton, Canton, MS
  • NNA-Denver Data Center, Englewood, CO
  • Nissan Motor Acceptance, Irving, TX
  • Nissan Technical Center, Stanfield, AZ
  • Nissan Technical Center, Farmington Hills, MI
  • The Designory, Long Beach, CA
  • Manubeni Engines Power (MEP), Carrollton, TX
  • Nissan Design America (NDA), San Diego, CA
  • Nissan Diesel America, Irving, TX
  • Nissan Forklift, Marengo, IL

Additionally, family members of a Nissan-affiliated employee working at any of those locations may also join, even if the Nissan-affiliated employee is not a VFCU member.

Joining Veritas FCU and/or opening the 14-Month Certificate Special can be done at any of four Tennessee branches located in Franklin and Smyrna (4), or the sole Mississippi branch in Canton, or by mail. VFCU’s membership application is available as a download.

Credit Union Overview

Veritas Federal Credit Union (NCUA Charter # 21354) has an overall health grade of "B" at, with a Texas ratio of 14.17% (above average), based on September 30, 2015 data. In the past year, VFCU increased its total deposit by $1.8 Million, an excellent annual growth rate of 5.3%. Please refer to our financial overview of Veritas Federal Credit Union for more details.

Veritas Federal Credit Union was originally chartered in 1973 as the Nissan Federal Credit Union, for the benefit of the employees of Nissan Motor Corporation. Today, VFCU has nearly 6,000 members and assets in excess of $39+ Million.

How the CD Compares

Given that Veritas FCU’s employment-based FOM stretches across many states, a national comparison is comparison. Therefore, when compared to the 135 similar length-of-term CDs tracked by that require a similar minimum deposit and are available nationally, Veritas Federal Credit Union's 14-month Certificate Special currently ranks first.

The above rates are accurate as of 3/3/2016.

To look for the best nationwide CD rates and the best CD rates in your state, please refer to our CD rates table or our new Rates Map page.

  |     |   Comment #1
ZZZzzzzzz x2
Patricia Burleson
  |     |   Comment #2
I filled out the online membership application.  Mailed it with $25. check Savings acct required, A check to open the 14 mo CD 2.02%, Copy of Driver's Lic. Now we'll see if application is accepted.
  |     |   Comment #3
Where did you hire on for the day?
  |     |   Comment #4
Membership accepted.  Applications & check for CD mailed on 3/4.  Received account # and opened online  account 4/11.  Very fast & efficient.
Veritas Federal Credit Union Offers Competitive 25-month CD Special

Veritas Federal Credit Union (Tennessee) introduced two CD Specials today: a 25-month CD Special (1.81% APY) and a 19-month CD Special (1.16% APY).Of the two, the 25-month CD's rate is definitely more competitive.

The minimum opening deposit for the 25-month CD is $10K of new money and there is no maximum balance cap.

According to a very helpful CSR, the Early Withdrawal Penalty is 6 months interest, and the 25-month CD is a limited-time offer, probably expiring at the end of the month.


Veritas Federal Credit Union (VFCU)...

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