Our Community Credit Union invites its members to take advantage of their high interest certificate of deposit. This money in the bank deal has the following current CD rates:

• 6 months        1.04% APY
• 12 months      1.20% APY
• 24 months      1.50% APY
• 36 months      2.00% APY
• 48 months      2.15% APY

You need to make an initial deposit of $1,000 to open an account. Once you have established your certificate of deposit account, you will no longer be allowed to make additional deposits nor make change on your account. You will be notified by the credit union about the grace period so that you can make changes on your account with being charged of any penalty. After this, the CD account will automatically renew.

This best certificate of deposit account may imposed a penalty if you make a withdrawal before the maturity date. For instance, if your CD term is 1 year or less the penalty is equivalent to 60 days of penalty. While for CD account with a term of 2 years or more the penalty will be equivalent to 180 days worth of interest.

For certificate of deposit account with the term of 2 years or less are eligible for a 1 time rate bump, this also includes 3 years CD term opened prior to January 1, 2012. The dividend rate earned is compounded and paid monthly. You may choose to have your dividends deposited onto your other savings account or be sent to you by mail. Take note that the interest rate may change anytime without prior notice.

Consumers who want to become a member of Our Community Credit Union must live, work, or attend school in the state of Washington. Immediate family of current members are also eligible to join. You may also visit the credit union’s website to check for their field of membership.

You may choose to mail your application or visit the credit union’s office to apply for membership and open an account. You are required to open a share savings account with a minimum deposit of $25. You also need to submit a xerox copy of your valid picture identification like social security card, driver’s license, or passport. If your current address does not show on your identification, then you may submit a copy of your utility bill or other identifying documents with your current address on it.

For additional questions about their certificate of deposit, current interest rate, membership eligibility, or requirements you may call their customer service line at 800-426-5657. Our Community Credit Union has branches located in the cities of McCleary, Shelton, Union, Montesano, or Elma in the state of Washington.

Our Community Credit Union has been providing financial services to its members since 1941. They have 23,173 members with over $235 million in declared assets. The credit union has an NCUA charter number 68609.