Visions Federal Credit Union continues to offer some competitive CD and IRA CD rates. The rates have dropped since my March post, but they remain competitive. The noteworthy CD rates for a minimum of $500 include:
- 1.51% APY 6-month CD and IRA CD ($2,500 min)
- 1.77% APY 1-year CD and IRA CD
- 2.28% APY 30-month CD and IRA CD
- 2.38% APY 32-month IRA-only CD
- 3.05% APY 60-month CD and IRA CD
These rates are listed at the credit union's rate table as of 6/30/10. Above the table there's a date range of 6/30/10 to 7/06/10.
For the non-IRA CD rates above, you can get an extra 25 basis points with an account relationship. Refer to the bottom of the rate table for details about eligible relationships. A VisionsPlus Checking with Visa Check Card and a Gold credit card can qualify you.
Membership is available to those who live, work or worship in Broome, Chenango, Tioga, Schuyler or East/Central Chemung Counties in New York and Bradford County in Pennsylvania. There's a $1 membership fee and a $25 minimum deposit into the Share Money Manager Account. Please refer to the credit union's FAQ page for more details.
Branches are located in the New York cities of Binghamton, Elmira, Endicott, Endwell, Horseheads, Johnson City, Newark Valley, Owego, Spencer, Syracuse, Vestal and Watkins Glen. In Pennsylvania, the branches are in Sayre and Wysox. Visions FCU is part of the CU Service Centers network which allows you to take care of many bank transactions at member branches around the nation.
Visions FCU has strong ratings for safety and soundness: 5 stars (superior) at BauerFinancial, 4 stars (sound) at Bankrate.com and an overall health score of 4 out of 5 at DepositAccounts.com (see our Visions FCU financial overview). These ratings are based on March 2010 data except for Bankrate which is based on 12/31/09 data. The credit union is federally insured by the NCUA (Charter # 17429). It's a large credit union with $2.46 billion in assets.