Wednesday, January 02, 2008

Hot Tips 2008! Leave a comment about your Credit Union Deal finds here!

This post is intended to be a place where you can leave your own comments about exceptional credit union rates or deals that you may have come across. Your comments are most appreciated. You can leave them anonymously in the comments section of this post if you would like. If you would prefer, you can email deals to me at Thanks to all those who left a comment on the previous Hot Tips post.


At 1:26 PM, Anonymous Anonymous said...

Wescom Credit Union is offering a 7 month 10% APY (min $500 max $1000) at the new Redlands Branch until tomorrow (Sunday).

At 2:05 PM, Anonymous The O.C. Reward Checking Junkie said...

Southland Credit Union

Smart Checking

5.25% APY

No balance cap (which was the most attractive thing for me besides the high rate, although I fear that eventually they might institute a balance cap, which is the way the majority of the CU's do Reward Checking)

Restricted membership (mostly to residents of L.A. & Orange County, CA)

Great customer service

Easy account opening with no hard credit pull

For first 30 days of account being opened, your money is held for a much longer period of time before you can touch it

ACH withdrawals cost $10 and are limited to $5,000 and ACH deposits are free but limited to $10,000.

You can make unlimited withdrawals and deposits at Shared Branches nationwide

Must make 10 debit card transactions per month

Must get your statements online

Must do one online Bill Payment or ACH transfer per month

As long as they keep their 5.25% APY rate and no balance cap, I am very happy with my account.

I have not yet found a Reward Checking account with no balance cap that will allow anyone nationwide to join. Seems like all the nationwide ones have low balance caps.

At 1:57 PM, Anonymous The O.C. Reward Checking Junkie said...

It is with great sadness that I must report that Southland Credit Union lowered their Super Checking rate to 4.5% APY (it was 5.25%).

At 2:28 PM, Anonymous Cervantes said...

I am getting about 4% for my CD at the AFTRA-SAG Federal Credit Union.

To OC Reward Junkie:

No bank or credit union could afford to pay over 5% on a Rewards Checking with no balance cap in today's financial environment. Consider yourself lucky that they are paying even 4.5% with no balance cap.

Now, you have to ask yourself if it is worth getting only 4.5% with you having to go through doing the ten debit transactions and one bill pay or ACH transfer per month.

I know the ten debit transactions can be done in one day, relatively quickly, by conducting ten separate PayPal transactions.

I would be very curious to see if Southland Credit Union's new sign-up rate to their Reward Checking plummets now that their interest rate is so low compared to other Rewards accounts. (I am sure there would be no way to find out.) I am also curious to find out if a lot of people will pull their money out of Southland's Reward Checking now that the rate has dropped to 4.5%. (Would you?)

The bottom line: Rate cuts by every single bank and CU are inevitable. Nothing we can do but accept it and live with it. No one should be surprised as the lowering will continue for a long time to come.

At 12:42 PM, Anonymous Anonymous said...

Honolulu Federal Credit Union is offering a 2.008% rate balance transfers on their platinum VISA until September 2008. The balance transfer must be requested before the end of March 2008. Membership is open to government employees based in Hawaii as well as other groups.

Pacific Resource Credit Union is offering a 6 month 3.988% APY CD (min $1,000). Membership is open to anyone living near Los Angeles. Must mention confirmation code E57689. Accounts can be opened by calling 800-276-6024

At 3:06 PM, Anonymous Anonymous said...

Congressional FCU is offering auto loan rates as low as 3.9%. They have a large field of membership.

At 3:15 PM, Anonymous Anonymous said...

Lockheed FCU is offering a 1.99% APY promotional HELOC for 90 days. Anyone can join.

At 5:18 AM, Anonymous Anonymous said...

Tee Pak Credit Union is offering a 4.04% APY IRA share account. Membership is limited to affiliates of Devro-Teepak.

LBS Financial Credit Union is offering cash rebates of up to $300 on car loans. Membership is open to almost anyone in Southern California.

A+ Federal Credit Union is offering a 12 month 5% APY StartUP Share Certificate (min $10 max $1000). Money can be added at any time. This rate can be increased to as much as 5.5% with 5,000 PlusPoints. Membership is available to anyone who joins the A+ Education Foundation.

At 2:30 PM, Anonymous Anonymous said...

Wescom Credit Union is now offering 5 commission free stock trades a month (among other benefits) to members with a Premium Interest Checking Account. To avoid fees, members must either keep at least $5,000 on deposit with the credit union or be 55+ years of age. Membership is open to almost anyone in Southern California.

At 12:46 AM, Anonymous Anonymous said...

Meriwest Credit Union in the Bay Area is offering a 8% APY Certificate for 8 Months min/max of $800 for new members. Existing members must refer a new member (the new member MUST open a new checking account). Meriwest is ASI and NCUA insured.

At 7:56 AM, Anonymous Anonymous said...

Nuvision Federal C.U. (.pdf) (AZ, So CA) $50 bonus (x3) = $150 total potential. Exp 12/31, but offer subject to changes / cancellation at anytime.

$6 membership fee & $5 deposit to start. Easy membership (free).

FYI: Similar to past promos, but Apple iPod Shuffle has been replaced with $50.

Also, $50 referral.

At 9:22 AM, Anonymous Anonymous said...

State Employees Credit Union of North Carolina is posting a very consumer friendly reverse mortgage with a fixed interest rate and very low fees at the link below


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