Four Corners Federal Credit Union provides attractive interest rates for their regular and jumbo certificates of deposit. The credit union has the following current CD rates:

Regular CD

• 6 months        1.00% APY
• 12 months      1.31% APY
• 24 months      1.71% APY

Jumbo CD

• 6 months        1.26% APY
• 12 months      1.56% APY
• 24 months      1.96% APY
• 36 months      2.78% APY
• 48 months      2.78% APY
• 60 months      2.78% APY

If you choose to have a regular CD account, you will only be required to deposit a minimum of $1,000 to open an account. But if you choose having a Jumbo certificate of deposit instead, then you will be required to deposit a minimum of $25,000 to open an account. Once your certificate of deposit account is opened, you will no longer be allowed to make deposits until the maturity date. The credit union may impose a penalty on your certificate of deposit account when you withdraw funds before the maturity date.

The dividends earned by your CD account are paid every quarter, these are mailed or transferred to your other account with the credit union. This best certificate of deposit account will automatically renew once it matures, you will receive a letter a few weeks before its maturity to give you enough time to decide if you want to make changes on your account or withdraw your money. In case you decide to change the term of your CD account, you will be required to send in a letter of request within 45 days after the maturity date.

Individuals who want to become a member of Four Corners Federal Credit Union must be a regular employee or retiree of Central Consolidate Schools District #22, Raytheon Missile System, Navajo Housing Authority, Navajo Agriculture Products Industry, Arizona Public Service, and BHP Billiton. Immediate family members like the member’s spouse, children, parents, siblings, grandparents, and grandchildren are also eligible to join.

You need to visit the credit union’s office to apply for membership. Four Corners Federal Credit Union is headquartered in Kirtland, New Mexico. All you need to do is to complete the membership form, open a regular share savings account with a minimum opening deposit of $100, and provide a copy of valid picture identification which includes driver’s license, passport, or social security card. For more information about their membership eligibility or current CD rates you may call customer service line at 505-598-6623.

Four Corners Federal Credit Union was officially chartered on February 23, 1965 and was first known as Navajo Mine Federal Credit Union. As they grow, the credit union extended their field of membership in order to serve more people in their area. Four Corners Federal Credit Union is an NCUA member and has a charter number 16754.