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1.50%$500$100kJustice Federal Credit Union60 Month Share Certificate w/ JNA Relationship
1.50%$500$100kJustice Federal Credit Union60 Month IRA Certificate w/ JNA Relationship (Traditional, Roth)
1.00%$500$100kJustice Federal Credit Union36 Month Share Certificate w/ JNA Relationship
0.50%$500$100kJustice Federal Credit Union18 Month Share Certificate w/ JNA Relationship
Accounts mentioned in this post. Rates as of May 25, 2016.

Competitive CD Rates at Justice Federal Credit Union


It has been over a year since my last post of Justice Federal Credit Union. Over the years I have done several posts on this credit union due to its competitive rates and a field of membership that allows many people to qualify. Even though many may be able to qualify for JFCU membership, it doesn't mean it's easy as a reader described in this review. Because of this problem, I haven't mentioned this credit union for the last year. However, it continues to offer some top CD rates. Also, several readers have been able to join. Thus, I thought it would be useful to mention this credit union for those wanting all possible CD rate opportunities.

The best deal is JFCU's 5-year Jumbo CD and IRA CD which has a 2.35% APY. Also, competitive are the 1.60% APY 3-year CD and the 1.20% APY 18-month CD. These require a minimum deposit of $100,000. Rates are 10 basis points lower for $1,000 minimum deposit. These rates are listed in the credit union's rates page as of 3/5/2012.

The details of the CDs are listed in the credit union's share certificate account page. According to this page, "a certificate with a term of 13 months or more will lose 180 days of dividends for early withdrawal."

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.

As I mentioned above, even though anyone can qualify for membership, it doesn't mean that it's easy to join. I have more details in my 2011 JFCU CD review. Also, this forum thread provides many issues and tips for those who want to join. Pay particular attention to the tips at the end of this thread.

JFCU Overview

Justice Federal Credit Union 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 5 stars (out of 5) with a Texas Ratio of 5.98% (excellent) based on December 2011 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).

How These CD Rates Compare

Other than JFCU, the best 5-year CD rate that's available nationwide is 2.27% APY at Melrose Credit Union. The best 18-month CD rate that's nationally available is 1.20% APY at KeySource Commercial Bank. These rates are accurate as of 3/5/2012.

Searching for Top CD Rates

To search for nationwide CD rates and CD rates in your state, please refer to the best CD rates section of DepositAccounts.com.

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

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Bancxman (anonymous)   |     |   Comment #1
Membership in the the National Native American Law Enforcement Assn. is an acceptable vehicle through which to qualify for membership in JFCU only IF you have time. The complaints against NNALEA in the aforementioned thread were written at a time when JFCU was offering some spectacular CD deals. This prompted a lot of potential depositors to try and qualify for JFCU membership through NNALEA. Because of the stampede of applications, a number of applicants didn't receive their memberships before the JFCU deals expired.

Joining the National Sheriff's Association is the more expeditious way to qualify for membership. Its dues are a few buck higher than NNALEA, but you will receive a membership number by return email very quickly after submitting an electronic payment. Moreover, although some potential members seemed to have had a problem getting JFCU to accept their emailed proofs of membership, the JFCU representative who approved my application was happy to accept mine.

I'm still with JFCU and the customer service is excellent. Since there aren't any major deals being offered at this time, I would encourage anyone with an interest in JFCU to apply now. This credit union is actively seeking more members so it's not unlikely that it will be offering more good deals in the future.
lof   |     |   Comment #2
The Los Angeles branch manager, will do everything possible, to keep you from opening an account.  Beyond the LA office, found no other problems with the credit union.