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Justice Federal Credit Union
1.50%$500$100kJustice Federal Credit Union60 Month Share Certificate w/ JNA Relationship
1.00%$500$100kJustice Federal Credit Union36 Month Share Certificate w/ JNA Relationship
Accounts mentioned in this post. Rates as of May 3, 2016.

Hot 75-Day CD Special at Justice Federal Credit Union - Easy Membership


Justice Federal Credit Union is offering a special CD for its 75th anniversary. It's a 75-day CD with a 7.50% APY. Maximum deposit is $25,000. Minimum is $500. New money is required. Offer is available to new and existing members. It's a limited time special that began on December 1st. It's listed on the credit union's front page as of 12/22/2010. Details are listed in the credit union's promo page.

If a member deposits $25K, he'll make around $385 from this CD. As a comparison, if he deposited $25K in SmartyPig earning 1.75% APY (the highest non-reward liquid account rate), we would make around $90 after 75 days.

The credit union also has competitive rates on its standard and IRA certificates and Jumbo certificates. For the Jumbo certificates, the best yields include a 2.70% APY 5-year CD and a 2.00% APY 3-year CD. These are listed in the credit union's rates page as of 12/22/2010.

Membership Eligibility

JFCU membership eligibility is based on employment in Select Employer Groups and membership in certain law enforcement organizations. A list of eligible law enforcement associations is available at this section of the membership page. A couple of these associations allow anyone to be a member for a fee. Once you are eligible, the instructions for joining provide an application that can be downloaded. Membership requires a minimum balance of $5 in the share savings account.

In 2007 JFCU had a very popular CD deal with a 6.25% 24-month CD. Many readers went through the membership process which wasn't easy. To review the issues, please refer to this post and the comments. Below is a list of the important membership issues from that post:

  • 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. In 2007 readers reported problems with the NNALEA online application.
  • Notarized copy of driver's license was required
  • Proof of association membership was required. For the NSA, you must include the membership number.

Make sure to contact the credit union for the latest requirements for joining.

Branches are located in Washington DC, Los Angeles, San Diego, New York, Texas, Virginia and West Virginia. Many of their branches have restricted or limited access. They are members in the Shared Service Center which allows you to perform many banking transactions at credit unions around the country.

JFCU has an overall health score at DepositAccounts.com of 4 out of 5 with a Texas Ratio of 13.62% (excellent) based on September 2010 data. Please refer to our financial overview of Justice Federal Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 151).

Credit for this find goes to FW member ck90211 who mentioned this special in this FW CD thread.

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

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Anonymous   |     |   Comment #1
WOW - thanks for the heads up.  I have an account at JFCU, but was not aware of the special.


Thanks to you, and FW member ck90211 for this post.
npotti   |     |   Comment #2
I completed the online application to join National Sheriff's aqssociation (NSA). The membership dues for National Sheriff's aqssociation (NSA) is $45.00.
Anonymous   |     |   Comment #3
I had to pay $35.
Anonymous   |     |   Comment #4
 >> If a member deposits $25K, he'll make around $385 from this CD. As a comparison,

 >> if he deposited $25K in SmartyPig earning 1.75% APY (the highest non-reward liquid account rate),

 >> we would make around $90 after 75 days.


Err ... what would happen if the member is a "she"?

... Come on banking guy ... be fair to banking gals ...
Anonymous   |     |   Comment #5
You would get an extra approx. $300 minus the membership fee.  But I prefer a much longer time period.
pearlbrown   |     |   Comment #6
Ken, thank you for finding this spectacular deal and sharing it with us!   

If you join the CU through one of the two associations named, here are more details of the process as discussed with a CSR a few moments ago. 

1.  Join the NSA or NNLEA association.  Be sure to get your association membership number.

2.  Call JCU and open a savings account with them, paying their joining fee.  However, the account is not considered opened until (a) JCU receives in the mail the documents evidencing your association membership and (b) their management has reviewed the application.  This could take a couple of days. 

3.  You will need to also send in a notarized copy of your ID (ex.:  driver's license).  Funds can be wire transferred in.

As usual, the devil is in the details.  The CSR confirmed that the offer could be withdrawn at any time.  The risk I see is that by the time the application is reviewed and approved, the opportunity to open the CD could be over.   If, however, you are already a member and can take advantage of this deal, Ken just made your holiday a whole lot brighter!
Anonymous   |     |   Comment #7
If you have the 25K in a rewards checking account with 3%.  The difference in interest is $231 for 75 days.  Assuming 25% Federal tax bracket and 5% state tax bracket (5.525% NJ state tax), net take home difference is $160.  Substarcting $35 membership fee, you pocket a net of $125 which is not bad.  But should think if this is worth it and what would you do after 75 days?
Anonymous   |     |   Comment #8
To anon#7:

I won't have to do debit card transastions/ACHs during this time.  Worth something to me.
adityanm   |     |   Comment #9
pearlbrown: Your warning is very correct. They may even disqualify you if you have too many inquires as many of us do and you will needlessly end up with 1 or 2 more credit inquiries and wasted membership due for qualifying association. It is better to pass this offer.
Anonymous   |     |   Comment #10
Great deal for existing customers or people live near by. 
Aromatics (anonymous)   |     |   Comment #11
are so much better now that chris farley and tom lawlor have been taken out with the trash merry xmas 2 all
Anonymous   |     |   Comment #12
This is a wonderful deal.  But as an existing JFCU member, I am troubled that this deal has been around since the first of December.  To my knowledge, JFCU never told me about this deal.  I am learning about it here, now, for the first time.

Did I overlook something?  Was there an e-mail?  I certainly would like to know which it was:  Did I mess up or did JFCU fail to notify members?
Anonymous   |     |   Comment #13
Hope folks will share their ultimate success (or lack thereof) in opening this CD. Sure does seem like there are a fair number of places to get tripped up for people who are not already members. I would be quite irate to pull funds from elsewhere and pay a $35/$45 membership fee only to be turned down because of too many inquiries or not meeting application deadline.
Anonymous   |     |   Comment #14
I agree with #14. Not worth the effort for very possible failure to open the CD in time. What I would like to know is why we are just finding out about this deal 3 weeks after it was started. If we had a heads up earlier, non-members could have taken advantage of this deal and probably opened up the CD before the deal closes.
pearlbrown   |     |   Comment #15
Anonymous#14, the deal was originally posted on FW at 2200 Tue 12/21 and consisted of a one-liner with sketchy details.  By 0930 Wed 12/22 Ken had already done a thorough investigation and posted extensive details about the offer.  Personally, I would call that awesome turnaround and am grateful to Ken for working so quickly to bring it to our attention.  

I think the better question is why existing JCU members (posters #1, #12, for example) were apparently not informed about this deal. 
Anonymous   |     |   Comment #16
I posted at #12.  Pursuant to #15, and in agreement, I even went back and checked my statement inserts.  Could not believe I might have overlooked notice of a deal this good.  Well, there was nothing in recent statement inserts relating to this deal.  That being the case, I have to believe they were targeting not just members, but ACTIVE members, ones who frequent the website.  I'm not an active member and seldom visit the JFCU website.  I know the website notice says there has been availability since 1 December.  I'd dearly like to know when that notice actually first appeared on the JFCU website.  If it's been hanging there, like ripe fruit, since 1 December . . well . . I need to get new CD detection radar.  Candidly, I doubt notice of this CD really hit their website on 1 December.

Yesterday, Christmas Eve, I fired off money via ACH to JFCU.  With luck it'll be there Monday morning and I'll still be able to get this CD.  JFCU was closed all day yesterday, lock stock, and barrell.  So not too many new CDs were opened then.  It's going to be a madhouse Monday, though.
Anonymous   |     |   Comment #17
Thank you, Ken.  I was fortunate enough to open one of the 7.5% CD accounts today.  Having this account feels good . . almost like old times.  Take that Ben Bernanke!!!!!!!!!!!  You skunk!!!!!!!!!!
Anonymous   |     |   Comment #18
I opened one of these 7.5% CD's today.  I'm not an active member either, and I was unaware of this deal until I read this blog.  I haven't even looked at the JFCU website since my last CD matured there ages ago.  I'm surprised the credit union didn't want to attract business from inactive members and recapture their interest.  I was just about to ask JFCU to close my account because they haven't had an attractive deal in a very long time.
Anonymous   |     |   Comment #19
Pursuant to #16:

You are in error.  Notice of this deal DID hit the JFCU website very early in December.  I know this because I have since, in the last couple of days, found references to the deal in blog posts, and those posts were date stamped December 1/2/3.  I agree with you and others though that the JFCU website notice appears to be the only notice they ever offered.  This is crazy in my view.  But it seems that's what they did!  I believe they were purposely trying to keep "hot money" out of the deal.
Anonymous   |     |   Comment #20
I like this deal.  For the next seventy-five days, $25000 of my money will be earning as much, or more, return as would $100000 in a savings or money market account.  I think that's pretty sweet.  And I agree about Bernanke.  He stinks and he is costing us all huge money.
glxpass   |     |   Comment #22
Warning!!!  JFCU is giving incorrect information to new applicants and incorrectly delaying or denying memberships to these applicants:

1.  CSRs at JFCU say that to use the membership referral bonus, one must have been an existing member as of 9/1/2010.  There is no mention of this on the web site (unless they've recently changed it); the promotion simply says it's effective 9/1/2010 - 12/31/2010.  The CSR I spoke with, Joyce, checked with her manager and confirmed my understanding of this.  Nonetheless, I'm told that others are still receiving this incorrect information.

2.  JFCU claims that since the National Sheriffs' Association (NSA) purchase receipt says that dues are for 1/1/2011 - 12/31/2011 -- even though the purchase receipt shows an NSA ID number -- that one isn't a member of NSA and can't join JFCU using this eligibility method until 1/1/2011.  I was told by another CSR, Teresa, that management had decided this, despite the fact that my NSA receipt shows an NSA ID number. 

I called NSA, talked with a membership representative, and was told that membership was effective when I purchased it.  If one joins after the 15th of the month, the dues (but not the membership) start on the first of the following month.  She was kind enough to tax me a welcome letter with a copy of my NSA membership card.  There is no effective date on my NSA membership card, just an expiration date, and I was told that's all that JFCU should be looking at.  Furthermore, I was told that NSA members have had similar problems in the past becoming members of JFCU and that the NSA membership director would call JFCU to discuss these issues.  Apparently, NSA has been getting a lot of calls about people with similar problems to mine.

Between JFCU reportedly not communicating with existing members about the 7.5% APY CD special, JFCU CSRs giving incorrect information about the membership referral bonus (with apparentlyu managment's approval), and JFCU trying to improperly delay membership via NSA membership (again a management policy), it seems that JFCU owes a lot of people apologies.

I haven't detailed other issues, such as insistence on mailing rather than faxing certain pieces of information to them, both taking applications over the phone (which the web site says it will do), yet requiring applicants to also complete a written application, and so on.

Letters to the CEO, Peter Sainato, seem appropriate.
glxpass   |     |   Comment #23
I just spoke with the JFCU membership manager, who says that my account, my wife's account, and my son's account are in the process of being opened, with the 7.5% CD available for all three of us, as well as the membership referral bonus for referring my wife and son. Surprisingly, she knew who I was. :)

The JFCU manager also said she spoke with the NSA membership person I had previously spoken with and understands that my membership with NSA was effective when I purchased it, despite the dates for dues showing on the NSA purchase receipt as 1/1/2011 - 12/31/2011.  If an applicant to JFCU doesn't yet have have an NSA membership card, IMO the NSA purchase receipt showing when the purchase was made, the NSA ID, and the expiration date should be sufficient proof of NSA membership, and I emphasized this to the JFCU manager.  My hope is that JFCU will follow that guideline.

Since my membership referral bonuses were also accepted, that should indicate the one didn't have to be a member of JFCU as of 9/1/2010 to take advantage of the bonus, as at least one CSR had stated.

I'm confident that communications with JFCU will improve; it's just unfortunate that these issues weren't resolved earlier so that more people would have had a chance of joining the CU via the NSA.  The CU is closed on 12/31, so that leaves little time for new applicants to take advantage of JFCU's promotions.

It would be great if, in the interest of good customer service, JFCU extended the CD special and membership bonus into January because of the aforementioned communications issues.
mariafalter   |     |   Comment #24
I got approved and opened the certificate.  I applied for the NSA membership as soon as I read Ken's post on 12/22, immediately received the confirmation email with the ID number, took a copy of the email to the local office and applied for the JFCU membership. My application was approved yesterday, so the whole process took approximately 5 days.  Thanks, Ken!
mariafalter   |     |   Comment #25
Forgot to mention that, according to CSR, the management is planning to end the deal when they reach the goal amount. On 12/22 they were approximately half way through.
npotti   |     |   Comment #26
I joined NSA by completing the application online and by paying the annual dues which came to $45.00. To become a member of JFCU was a bit of a pain. It took me two visits to JFCU branches to become a member of the credit union. This morning finally, I was able to open the CD. I went thru a bit of pain but it was worth it :-)
MartyPA (anonymous)   |     |   Comment #27
I joined NNALEA online for $17.50 on 12\22.  On 12\27 I mailed JFCU a signed membership application, notarized copy of drivers license, $5 check for savings account, $25,000 check for certificate, and an email from NNALEA.  On 12\29 I received a call from JFCU to inform me that the email from NNALEA was not sufficient and they needed my membership number -- I was able to get this by email fom NNALEA at 11:00 pm and faxed it to JFCU.  Just received the call from JFCU that I got approved for JFCU membership and the certificate.  Thanks Ken.
glxpass   |     |   Comment #28
To get my wife's NNALEA membership number (which didn't show on her purchase receipt, as posted above), send an e-mail to: nnaleamember@aol.com, requesting your membership number.
glxpass   |     |   Comment #29
I no longer see the $75 member referrer / $25 new member referral bonus accessible from the home page.  Perhaps JFCU terminated it.  Yet, the referral bonus page is still on JFCU's Web site.
mariafalter   |     |   Comment #30
The message on the union's website says: "Hurry, offer ends today!".
glxpass   |     |   Comment #31
As 51hh mentions here, it looks like the 7.5% CD promotion is over.  As 51hh also mentioned, the $75 - existing member / $25 - new member referral bonus is now $50 / $25.

See the new bonus promotion page.
jfcu (anonymous)   |     |   Comment #32
you guys got suckered.
Anonymous   |     |   Comment #33
I tried to join this CU on 12-22-10 through membership in NNALEA.  I received inconsistent information from various reps and by the time I could get everything they requested, the promotion was over.  I declined their offer to join. I am happy some of you were able to get in on the promotion.
AtlantaWolf   |     |   Comment #34
75-day CD's mature soon. Set up your etransfer links and verify your trial deposits!