Now through June 30, 2015 Vons Credit Union (Vons CU) is offering a 6-month Jumbo Share Certificate Special (1.00% APY).
In this case, the term "Jumbo" is a bit of a misnomer, since the minimum deposit on the Share Certificate Special (CD) is only $5K of new money, with no balance cap.
According to CSR, the Early Withdrawal Penalty on the 6-month Jumbo CD Special is 60 days’ interest.
Membership in Vons Credit Union is open to the following groups of individuals:
1. All Vons and Unified employees, their family members, and households.
2. Employees of companies who do business with Unified Grocers.
3. Anyone who lives, works, attends school or worships in the areas of El Monte, South El Monte, Monrovia, Irwindale, Temple City, Arcadia and parts of the City of Industry, California.
Joining Vons CU can be done mail, by telephone, or in person at any of seven branches located in Arcadia, Canoga Park, Commerce (2), El Monte, San Diego, and Santa Fe Springs.
Credit Union Overview
Vons Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas ratio of 0.60% (excellent), based on December 31, 2014 data. In the past year, Vons CU increased its total deposit by $16.67 Million, an excellent annual growth rate of 5.3%. Please refer to our financial overview of Vons Credit Union for more details.
Founded in 1954 with the support of the Vons Company, the Vons Employee Federal Credit Union (NCUA Certificate # 9230) provided financial service and products to Vons employees. Although the Vons Company was instrumental in the establishment of the Credit Union, it has no direct or indirect financial interest in the operation of the Credit Union. The name was changed to Vons Credit Union in 2010, a result of the acquisition of Certified Federal Credit Union. Today, Vons Credit Union has assets in excess of $430 Million, 41,500+ members and was named "Credit Union of the Year" by NCUA in 2004.
How the CD Compares
When compared to other similar length of term CDs tracked by DepositAccounts.com, requiring a similar minimum deposit and available to California residents, Vons Credit Union’s 6-month Jumbo Share Certificate Special currently ranks at the top of the list.
The above rates are accurate as of 4/10/2015.
To search for nationwide CD rates and CD rates in your state, please refer to the CD rates section of DepositAccounts.com.