Visions Federal Credit Union recently increased its share and IRA certificate rates. The 5-year and 30-month CD rates had the largest increase, and they are now very competitive. The standard 5-year CD yield is 2.02% APY with a minimum balance of $500. A member can qualify for a relationship rate of 2.28% APY by having a checking account with a credit card or loan. The standard 30-month CD yield is 1.41% APY (1.66% APY relationship rate). These rates are listed in the credit union's share certificates page as of 1/17/2013. Note, the credit union requires you to enter your zip code to see the rates. These rates show for zip codes in both New York and New Jersey. The details of the relationship rate requirements are listed below the rate table. Under these details, the credit union describes the early withdrawal penalties. For this CD, it's up to 180 days of interest.
Visions FCU expanded into New Jersey last year due to the merger with Paragon FCU. Membership is now open to those who live, work, attend school, or regularly conduct business in Bergen or Passaic Counties; or portions of Essex, Hudson, or Union Counties.
In addition to the above New Jersey counties, the following New York and Pennsylvania counties/cities are included in the field of membership: Broome, Chenango, Tioga, Chemung, Schuyler, Rockland Counties, and the Cities of Rochester and Syracuse in New York; Bradford County, portions of South Westmoreland, North Fayette Counties; portions of the Cities of Allentown, Bethlehem, or Easton in Pennsylvania.
Please refer to the credit union's membership page for more details. The credit union has an online application for membership.
Credit Union Overview
Visions FCU branches are located in Rochester, Syracuse and several cities in the eastern section of New York State's Southern Tier. There are also three branches in northern Pennsylvania. Paragon FCU's old New Jersey branches which are now under Visions FCU are located in Dumont, Mahwah, Oakland, Englewood Cliffs, Montvale and Westwood.
Visions FCU is a sizable credit union with $3.06 billion in assets. Its overall health score at DepositAccounts.com is 4 stars (out of 5) with a Texas Ratio of 10.01% (above average) based on September 2012 data. Please refer to our financial overview of Visions Federal Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 17429).
How These CD Rates Compare
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