Vibrant Credit Union 30-Month CD Is Now A Rate Leader

POSTED ON BY

Deal Summary: 30-month Certificate, 1.25% APY, no minimum deposit.

Availability: Easy membership requirement

Illinois-based Vibrant Credit Union (Vibrant) recently added 90 bps to its 30-month Certificate, making it one of three rate-leading CDs in the nationally available 3-year term-length category. Currently earning 1.25% APY, the 30-month Certificate has a $5 minimum opening deposit and no stated balance cap.

As stated in the Rates & Service Charges document, the extremely harsh Early Withdrawal Penalty reads as follows:

We may impose a penalty if you withdraw any of the principal of the Certificate Account before the maturity date.

1) Amount of Penalty. The amount of the penalty is all of the dividends earned on the account.

2) How the Penalty Works. The penalty is calculated as a forfeiture of dividends earned. If earned dividends are insufficient or have previously been withdrawn, the penalty will be deducted from the principal balance.

There is no language on Vibrant Credit Union’s website that indicates that the bank reserves the right to deny an early withdrawal or early closure.

Funding and Maturing Funds Distribution

Funding a Certificate can be done by an ACH or wire transfer. According to CSR, the easiest way to fund a Certificate is through an internal transfer from a Vibrant checking or savings account. Vibrant participates in the CO-OP Shared Branch network, which makes depositing money relatively easy.

Maturing funds will be distributed by a cashier’s check to the address on file, wire transfer, or a transfer to a Vibrant checking or savings account. There is a seven day grace period before a Certificate automatically renews.

Availability

Headquartered in Moline, Illinois, Vibrant Credit Union’s field of membership (FOM) includes three ways to qualify for membership, including an easy membership requirement.

Residency: U.S. citizens who live in any of 22 northwest Illinois counties, 15 southeast Iowa counties, three west central Indiana counties, or three southwest Wisconsin counties are eligible to join.

Employment: Employees of more than 200 companies (listed only on the online application) also qualify for membership.

Other (Easy Membership): As stated on the online application, the third eligibility option reads:

I want to qualify a different way.

No problem! Complete the rest of the application and we will contact you!

According to CSR, if you don’t meet the residency or employment requirement, you can “qualify through a different way.” When asked to define a “different way,” CSR stated Vibrant CU would open a free insurance policy for those applying ($1k value) and through that transaction, qualifying applicants for membership.

Joining Vibrant and/or opening a Certificate can be done online or at any of four Illinois branch locations (Danville, Geneseo, Milan, and Moline) or three Iowa branch locations (Bettendorf, Clinton, and Des Moines).

Establishing a membership with Vibrant starts with as little as $5 in a credit union savings account.

Vibrant participates in the CO-OP Shared Branch network and the AllPoint ATM network.

Credit Union Overview

Vibrant Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 1.96% (excellent) based on September 30, 2021 data. In the past year, Vibrant CU has increased its total non-brokered deposits by $35.03 million, an excellent annual growth rate of 5.38%. Please refer to our financial overview of Vibrant Credit Union (NCUA Charter # 61093) for more details.

Chartered in 1935 for the benefit of the John Deere Harvester Works Plant employees, the original Deere Harvester Credit Union opened its doors with a modest $40 in assets. In the mid-90s, the field of membership was changed to include non-employees, as well as John Deere employees.

In 2005, John Deere requested the credit union to rebrand and remove any name/affiliation with the John Deere brand. At that time we changed from Deere Harvester Credit Union to DHCU Community Credit Union (an acronym without a meaning).

Following the DHCU rebrand, there was still confusion about non-employees being eligible for membership, so the name was changed to Vibrant Credit Union in late 2015.

Between February 2017 and April 2018, Vibrant acquired one Iowa (IntegrUS Credit Union) and four Illinois credit unions (Salt Creek Credit Union, First Illinois Credit Union, Electris Energy, Inc. Employees Credit Union, and Dekalb County Credit Union). Vibrant Credit Union is currently the eleventh largest credit union headquartered in Illinois, with more than 50,000 members and assets in excess of $1 billion.

How the 30-Month Certificate Compares

When compared to similar length-of-term CDs tracked by DepositAccounts.com which are available nationally and have minimum deposit requirements of $10k or less, no other banks or credit unions currently offer a higher rate. The following table compares the Vibrant Credit Union 30-Month Certificate to the two highest-rate CDs from other credit unions and the two highest-rate CDs from banks.

The above information and rates are accurate as of 2/9/2022.

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

Related Pages: Champaign CD rates, Des Moines CD rates, Davenport CD rates, 5-year CD rates, nationwide deals

Comments
Vibrant Credit Union Continues To Offer 5-Year Add-On CD
Deal Summary: 5-year Add-On CD, 0.80% APY, unlimited additional deposits ($5 minimum) throughout the term, $5 minimum deposit.

Availability: Easy membership requirement

Illinois-based Vibrant Credit Union (Vibrant) unveiled its 5-year Add-On CD almost three years ago. Currently earning 0.80% APY, the 5-year Add-On CD allows for unlimited additional deposits ($5 minimum) throughout the term. The minimum opening deposit is only $5, with no stated balance cap.

As stated in the Rates & Service Charges document, the onerous Early Withdrawal Penalty reads as follows:

Continue Reading
Vibrant Credit Union 5-Year Add-On CD Available Nationwide
Deal Summary: 5-year Add-On CD, 1.10% APY, unlimited additional deposits ($5 minimum) throughout the term, $5 minimum deposit.

Availability: Easy membership requirement

Illinois-based Vibrant Credit Union (Vibrant) has been offering its 5-year Add-On CD for about two years. Currently earning 1.10% APY, the 5-year Add-On CD allows for unlimited additional deposits ($5 minimum) throughout the term. The minimum opening deposit is only $5, with no stated balance cap.

As stated in the Rates & Service Charges document, the onerous Early Withdrawal Penalty reads as...

Continue Reading
Vibrant Credit Union Adds 15-Month CD Special
Deal Summary: 15-month CD Special, 1.30% APY, no minimum deposit.

Availability: Possible easy membership requirement.

Illinois-based Vibrant Credit Union (Vibrant) recently introduced a 15-month CD Special, which currently earns 1.30% APY. Vibrant CDs have no minimum opening deposit requirement or stated balance cap.

As stated in the Rates & Service Charges document, the heavy-handed Early Withdrawal Penalty reads as follows:

Funding any type of CD can be done by an ACH or wire transfer. According to CSR, the easiest way to fund a CD is through an...

Continue Reading
Vibrant Credit Union Offers Top-Rate Money Market Account
Deal Summary: Purple Money Market, 2.50% APY ($100k+), 0.65% APY (less than $100k), no minimum opening deposit, new money.

Availability: Nationwide (easy membership requirement)

Illinois-based Vibrant Credit Union (Vibrant CU) has a new money market account: the Purple Money Market, which currently earns 2.50% APY on balances of $100k and above. Balances of less than $100k earn a substantially lower 0.65% APY. There is no minimum opening deposit requirement, but the initial deposit must be new money.

In an email exchange with Vibrant CU’s Chief...

Continue Reading
Vibrant Credit Union (IL/IA) To Add High Interest Checking In April

Deal Summary: High Interest Checking, 2.25% APY up to $15k, available on April 1, 2017.

Availability: Residents of Quad City area (Iowa/Illinois).

On April 1, Vibrant Credit Union (Vibrant CU) will be debuting five new checking accounts, including its High Interest Checking account, which earns 2.25% APY on qualifying balances up to $15k. Qualifying balances above $15k earn 0.01% APY, with non-qualifying balances not earning any interest.

Qualifying Requirements

  • Direct Deposit of at least $500
  • At least 12 signature debit card transactions
  • Receive eStatements.

The High Interest Checking account has...

Continue Reading

More Past Offers



The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.