I received a rather noncommittal response from NFCU today on my suggestion that NFCU suspend EWPs and allow partial withdrawals from CDs. Obviously, it is in NFCU's interest to have as many people as possible zero-out their CDs, with their tasty 2%+ plus interest rates, as quickly as possible.
This is not the time for credit unions to adhere to fine print. many folks are hurting: Requiring savers to cash-out CDs earning relatively tasty yields helps neither their members nor the economy as a whole.
Partial withdrawals should be permitted. Period. EWPs should be waived. Period.
The credit union industry should understand the saver ecosystem is more fragile than they might suspect.
Just my $.02.