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Justice Federal Credit Union

Update on JFCU's 6.25% 24-Month CD


Update 3/17/07: 6.25% CD stopped being advertised at JFCU late yesterday.

I have some follow-up information regarding Justice FCU's promotional 6.25% APY 24-month certificate. Thanks to the readers in my Tuesday's post who provided details they received from the credit union and their own investigations. I just called JFCU's toll-free number this morning, and I was able to get through to a service rep without any wait. I was impressed by the service rep's politeness and knowledge. I've verified most all of the details the readers left in the comments except one. The service rep did say that the 6.35% APY is valid for the Jumbo $100K deposits. Below are the details that I received from the service rep, from comments of several readers and from the JFCU website:

Share Certificate Promotion
  • 24-month Term certificate
  • 6.35% APY for deposits over $100K
  • 6.25% APY for deposits over $1,000
  • Early withdrawal penalty is 180 days
  • Available as an IRA certificate
  • Early withdrawal penalty applies in IRA including those over 59

Membership Application and Membership Eligibility:
  • Hard credit pull by Equifax is done
  • National Sheriffs' Association (NSA) and National Native American Law Enforcement Association (NNALEA) are part of JFCU's FOM
  • NSA membership costs $35, and you can join online.
  • NNALEA membership costs $15, but I haven't been able to contact NNALEA via email or by phone. Readers reported problems with the NNALEA online application.
  • Notarized copy of driver's license is required
  • Proof of association membership is required. For the NSA, you must include the membership number.

$100 Checking Account Bonus
  • You can do both this promotion and the CD
  • Pay one bill with their Web BillPay within first month of signing up
  • $100 will be credited to your account one month after the payment of the first bill

JFCU even has a solid auto loan special with rates as low as 4.50% APR for terms of 24 to 60 months. This special is good through 4/30/07.

With all of these attractive promotions, JFCU appears to be aggressively trying to expand its membership.

Regarding the impact of the hard credit pull, each pull will lower your FICO score by about 5 points, but this should only last for about 6 months. MyMoney Blog has a good overview of a hard credit pull.

Regarding the safety of this credit union, it is federally insured by the NCUA. As readers mentioned, JFCU has a 4 out of 5 safe-and-sound star rating (sound) at Bankrate.com and a 4 out of 5 star rating (excellent) at BauerFinancial. Both ratings are based on September 30, 2006 data. It should be noted these ratings didn't prove to be helpful with Huron River Area Credit Union (see post).

Thanks to all the readers who provided comments on JFCU. Please refer to my Tuesday's post for additional details on JFCU, these promotions and comments by readers.

[Update 3/14/07: Made a few corrections in post. Please refer to this new post for additional details.]

Related Pages: Justice Federal Credit Union, New York, Macon, Washington, Atlanta, Clarksburg, Chicago, Houston, Los Angeles, San Diego, CD rates, IRA rates

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Anonymous   |     |   Comment #1
Huron River Area Credit Union's Bankrate rating and CAEL rating were followed by the letter G indicating high growth. The full rating for Heron is 3G stars/ 3G. You must pull up the Memorandum to see if the letter G is shown.

Justice's rating is 4 stars/2, with no high growth notation.
Anonymous   |     |   Comment #2
Thanks for the follow-up, Banking Guy. As usual, you are super-diligent.

My CSR experience was similar: very professional and knowlegable.
Anonymous   |     |   Comment #3
Has anyone successfully contacted the NNALEA? Do they give confirmation number by e-mail or mail? how long it will take?
anyone know the number that actually gets you through to person?
Anonymous   |     |   Comment #4
Banking Guy, you did your homework and it is appreciated so much by all your followers, especially me. I check your page every day for a new great deal to help me manage my money more effeciently. Being a card holding Native American (Choctaw Tribe) I am very disappointed that the NNALEA is not following up on their web page, and the phone number was disconnected. Any information to help get through to a person would be very helpful.
Anonymous   |     |   Comment #5
Thanks to Banking Guy and all the commenters (on this and the original post) for sharing the results of your research. I have some questions about the requirement for a notarized driver's license copy. Does one just photocopy the DL, then get the copy signed/stamped? Or does one need to include a statement for the notary to certify, along the lines of, "this appears to be an accurate facsimile of a valid driver's license"? Does one need to sign the photocopy in front of the notary? And if the address on the DL is not current, would JFCU want photocopies of other items with a current address, or would the hard credit check take care of that? If anyone has any answers to these questions, please post. Thanks!
Anonymous   |     |   Comment #6
I asked them about the driver's license--they indicated that I should just photocopy it and have a notary signature on it. The bank I went to asked if the address was current. Mine was. However, I would imagine they would want to correct it by a statement when you have it notarized.

I would still like to know if anyone has successfully signed up with NNALEA, and how long it took to get the confirmation. A person I spoke to at the NSA said 10 days--but, I cannot imagine that is true.

I can't get through to ask them how to add a second person for a joint account, if the person is not with you. Anyone know?
Anonymous   |     |   Comment #7
The authority of notaries depends on state law.

Some states allow notaries to certify copies and some of those only permit notaries to certify copies if the notary makes the copy himself. Other states do not permit notaries to certify copies.

However, all states (to the best of my knowlege) would allow a notary to certify your signature on a document stating that the attached copy is genuine. This is different than certifying the copy. Certifying the copy means that the notary has examined the copy and is saying that the copy is real. Certifying a signature on a copy means that the notary is certifying that you really signed the copy, but is making no claim that the copy is genuine.

As this will vary from state to state, you should ask the notary what they can do for you. Also, you should clarify with the credit union whether they want the copy itself to be certified or whether a statement from you attesting that the copy is genuine is what they want notarized.
Anonymous   |     |   Comment #8
They told me from the credit union, just get the seal on the photocopy.
Banking Guy
Banking Guy (anonymous)   |     |   Comment #9
Regarding NNALEA, a reader emailed me this reply he received from NNALEAEStore@aol.com:

I am sorry for the inconvenience of the NNALEA website malfunction. Recently, we have reduced our 800 office phone numbers. The main phone/fax number is 877-6NNALEA.

If you would like to download a membership form from the nnalea.org website and fax the completed form to me at the above fax number, I can process your membership payment if by credit card, or you can mail a check to NNALEA, Attn: Memberships, P.O. Box 171, Washington, D.C. 20044.
Anonymous   |     |   Comment #10
I am trying to join. The notory just nortorized my signature on the drivers license. I joined NSA. When you join NSA they send you an email that you paid. I sent all to Justice FCU overnight, but they now want a Membership number, which NSA has yet to send me. Anybody no a fast way to get that number or a way around that. Does the other organization give you a number right away
Anonymous   |     |   Comment #11
Justice FCU told me to just print out copy that I paid to join NSA, now they tell you want membership number. I guess need to call them on Monday, what a mess. I was going to overnight myself.
Anonymous   |     |   Comment #12
The user ID that use to log into NSA is the membership ID.
Anonymous   |     |   Comment #13
Did the NNALEA indicate if they would process your application right away? So that you would have the necessary number to give the bank immediately? Or, are you going to have to wait for the information to be mailed to you?
Thank you.
Anonymous   |     |   Comment #14
is the memership a one time
fee or does this need to be
renewed each year?
Anonymous   |     |   Comment #15
when does this offer expire ?
Anonymous   |     |   Comment #16
I'm still having trouble using the online application for NNALEA (the native american one). Also, the checkout application said there was a $2.50 shipping/handling fee.

Anyone have better luck?
Anonymous   |     |   Comment #17
Well, I thought I would get smart and actually go to a JFCU office - to make things go smooth and easy with no surprises. I called their 800 number first, where I was told by a nice lady named Tracy that the email from NSA was sufficient proof of membership, and that I would be escorted through security at the Justice deprtament to JFCU.

Then the trouble beagan.

I made it into the Credit Union, but the nice woman who helped me seemed a little bewildered by the whole thing. She explained that they were not allowed to sign up NSA memmebrs in the office, that it could only be done by personnel in their Chantilly, VA office. Further, the e-mail from the NSA was NOT sufficient proof...that I needed to have my membership number. So basically my trip to downtown DC to 'make things easier' was a waste of time - which I have to blame on inaccurate information given to me by Tracy.

So I go back to my place of business and call the JFCU number and the nice woman I talked to this time tells me, yep it has to be done through the mail at Chantilly, and yep, we have to have our NSA member number on some kind of communication from NSA.

So I called NSA. The nice lady there told me that their whole phone system was down, and that I would have to talk to someone in membership....but that I would neeed to call back tomorrow bacuse nothing could be done today.

So the bottom line is that I talked to a lot of nice ladies, but it has been a very, very frustrating experience.
Daysha (anonymous)   |     |   Comment #18
To the last poster- I was told that my email from NSA after I paid would be sufficient as it has my new NSA member number and date that I joined. This is not the email from the site with the password. I called NSA Friday and they returned my call yesterday to get my cc info. They then emailed me today with the NSA membership number.
Anonymous   |     |   Comment #19
that last anonymous guy was a idiot. You dont drive all the way to washington dc without first finding out EXACTLY what you need to bring and ask if your even allowed in the building. And lastly, that e-mail what they mail you once you join the nsa is only a confirmation that you joined, not your membership number. I called jfcu and found out these things before i bought my cd.
m (anonymous)   |     |   Comment #20
The $100 deal doesn't seem so good to me. Here's why:

- To get the bonus, you have to sign up for and use the web bill-pay feature.

- That feature is only available for the checking account.

- You have to keep $2500 in the checking account to avoid an $8/mo fee.

- The interest rate on checking is ~1.5%.

Am I missing something?
Anonymous   |     |   Comment #21
This is by way of warning others and no more. I know nothing for certain. Neither does anyone else outside JFCU management. However yesterday, after nearly a week of effort, I finally was able to open my JFCU CD (thanks, Banking Guy). Immediately thereafter, in the spirit of "one thing at a time" and considering I was already a member by then, I enquired about opening a JFCU Roth IRA. As you know, JFCU must MAIL OUT the IRA application. It cannot be found on the net. Anyway, the CSR discouraged me at that point. Her exact words to me were: "well, it's almost the middle of the month". That's all she would say. But the implication was that there would not be TIME for me to receive the application by mail and get it back with my IRA deposit, prior to closure of this offer. Again, I know nothing for certain. But this is an honest report of what this CSR said to me. My interpretation, strictly FWIW, is that "time is short". Good luck to all . . . and don't dawdle.
Daysha (anonymous)   |     |   Comment #22
To M.-

You are not looking at the right checking account. The Freedom checking account does not have a fee or any min amount to keep in. They do charge for checks- but you don't need to order any since there is a debit card and bill pay.
Anonymous   |     |   Comment #23
Thanks to Anonymous who posted at 1:25 on 3/13, and NO thanks to Anonymous who posted at 6:34.

JFCU people on the phone told me to go to one of the branches, even after I told them I was doing the Sherriff's thing. Not being able to sign up at the branch was news to me. So you saved me a needless trip - THANK YOU for taking the time to post.

6:34 - Not sure what your need was to be nasty.

Anonymous   |     |   Comment #24
I thought Bank of America customer service was the worst bit the Justice Credit Union takes the cake.

I Fedexed my application, dposit ckeck, notarized Driver's license and 2 emails form the NSA assocuation proving I paid and joined.

Just to double check I called the Justice credit union and those VERY STUPID people said I now had to have a confrimation email from the NSA office to join. This is not waht they told me last week. The poor lady at the NSA office said she has been inundated with people with the same problem as me. She kindly sent me an email, the stupid people at Justice said they could not take an email or fax so I put it in the mail, and what the heck I will fax it tommorow when my application gets ther.

I called Justice again and they said they will process everyone's application deposit, but they cannot complete the process till the confimation letter is received. They have one stupid old lady who really give out wrong information so watch out, I recommend getting a supervisor to cinfirm all information. After all my stuff is processed I will write the Credit Union President so maybe this will not happen agian. Do not worry they are trying to raise money, they are not going to send back your CD deposits.

Good Luck.
Anonymous   |     |   Comment #25
Seems like YOUR the only stupid person not the people at the jfcu. All it takes is a e-mail from the nsa saying that you joined and your membership id #. thats it. Everybody on this board are making this process harder then it is. If you would only call the jfcu they will tell you the things needed to open a account. Very easy people.
Navigatrix (anonymous)   |     |   Comment #26
Apparently some of us calling JFCU were told a copy of the e-mail confirming payment of NSA dues was sufficient to confirm membership. It turns out we were given incorrect information, probably due to an overwhelming number of phone inquiries... not really stupidity on anyone's part.

JFCU actually requires a copy of current NSA membership card or copy of separate e-mail from NSA confirming member id# and "good standing" (dues paid). This is not automatically generated upon payment of dues online, but must be specifically requested from NSA. It can then be faxed to JFCU.
Anonymous   |     |   Comment #27
i got all my information ready and mailed it with my application tuesday. I wanted it to arrive at jfcu asap so i overnited it. It cost me $14.40 to have it guaranteed overnight delivery. Well all i can say is im ****ed now. Here it is wednesday night and the letter still hasnt arrived. It was supposed to arrive at jfcu by noon today. I called usps and they say its enroute and will arive tommorow. If the 6.25% cd expires before the mail gets there im sueing the united states postal service.
Daysha (anonymous)   |     |   Comment #28
It cost me $14.40 to have it guaranteed overnight delivery.

If it's any consolation- you can get the $14.40 back by going to your post office you mailed it from and filling out a form for the return $ because you paid for guaranteed delivery. I did this last week for an ebay sale that didn't arrive when it was supposed to. :0)
Anonymous   |     |   Comment #29
I'm having a frustrating time with the JFCU CD. Spoke with a very nice lady last week and gave her all my info over the phone. Monday the application came. I called again about clarifying the driver's license...notarized, certified...raised seal, etc. (just notorized ok.)
Then I tried to get to NNALEA by phone, etc. with no luck. Called again and was given another number and web address. Tonight: 1-3AM PDT I tried five times to join on their website...they took everything and my credit card information and then rejected it each time for non existent reasons and said to go back and try again...Now I'm very worried about my credit card info being out there. Love your site, Banking Guy, I did the Holsum CD via you. Thanks. This has me worried and frustrated, though!
Anonymous   |     |   Comment #30
Talked to the President of NNALEA - they are inundated and trying very hard to get their website back up and working (re: online payment). Also, they were no forewarned about the JFCU promotion, so they are not adequately staffed to handle the huge influx of applications. They ask that you hold on and be patient. (Although, I tried to fax the form as is noted elsewhere and after 5 tries couldn't get through. So, I ended up joining NSA in the end).

Also talked to NSA live - they also ask that folks be patient - they are quoting 1-2 business day turnaround for the email with membership ID #.

JFCU - I ended up going to the Justice Branch downtown DC afterall after a Chantilly manager confirmed that they would be able to process there. The branch was understaffed yesterday and it took quite a while to get paperwork done. But, NOTE, THEY WERE ABLE TO PROCESS THE PAPERWORK WITH NSA MEMBERSHIP. So previous reports to contrary were not correct.

Hope this helps.
Jasman (anonymous)   |     |   Comment #31
I just sent off my application to JFCU, certified receipt. The big caveat is that although a previous CSR told me the promo would run through the month, they all now say it's up to them when it ends. I asked if my application and check was postmarked on a day when they were still advertising, whether they would honor the promo, and they couldn't guarantee anything. That said, nothing has changed on their website. They have also said they want some sort of paper proof of NSA or NNALEA membership. I sent a copy of the email NNALEA sent me after joining. NNALEA's fax number has gone down a couple of times. It's also misprinted on both the fax form and the website. It should be 877-666-2532 or 877-6NNALEA. Understand, as others have noted, that neither of these organizations were prepared to be inundated with membership applications. Makes me feel kinda silly, since I'm neither a Native American nor a law enforcement agent (hmmm, but maybe now I am...)
Jasman (anonymous)   |     |   Comment #32
As of this moment, JFCU has taken the notice of the 6.25/6.35 APY, 24-mo CD off of their website. The promo is still in effect according to a CSR, but it looks to me like they're preparing to end it. I just hope they honor it with an application and deposit mailed today, certified. I'll update if anyone's interested.
Banking Guy
Banking Guy (anonymous)   |     |   Comment #33
Note, as of 3/19/07 the 6.25% CD was reported to still be active although it's not being advertised.

A reader left the following comment in the finding deals post:

I spoke to Justice Federal Credit Union this morning. Although the 24-month 6.25% APY promotional certificate is no longer advertised on their website, they said 'we still don't have an end date' for that offer.

Luckily they confirmed that my application was received on Thursday. Sounds like they may be a little backlogged in processing.
Banking Guy
Banking Guy (anonymous)   |     |   Comment #34
A reader just left the following note regarding JFCU's 6.25% CD. It looks to be officially over:

Justice Federal Credit Union told me this morning that their 6.25% APY 24-month certificate promotional offer has now ended.
If you don't already have an application in the works, you're too late.
Anonymous   |     |   Comment #35
Not sure if this has been mentioned before but there is a $2.50 "handling" fee to join the NNALEA online. This is on top of the $15 membership charge. I suppose you could think of this as a convenience fee considering some of the other complaints about joining the Justice FCU through this organization by other methods such as fax or mail which could be more time consuming for those hoping to meet the deadline for the promo.