The best nationally available 5-year CD yield is still 2.00%. This is available from 5 all-access credit unions. One all-access credit union fell out of this club. Eli Lilly Federal Credit Union ended its special 2% 5-year CD. The yield is now only 1.41%, so it's no longer listed below. On the plus side, I added Pinnacle Federal Credit Union to this 2% club. Anyone can qualify for Pinnacle membership by joining the American Consumer Council. One downside is that Pinnacle doesn't have an online application. If you don't live near a branch, the application must be sent by mail...READ MORE>>>Survey of the Best CD Rates for October 19, 2012
For many firefighter and other credit union primarly serving first responders, growth often feels tied to one big decision: expanding the Field of Membership (FOM). But what if you didn’t have to? What if growth could come from within —by deepening relationships, increasing engagement, and capturing more of the financial lives of the members you already serve? The truth is: it can. But it requires a shift in strategy. Rethinking What “Growth” Really Means Most institutions define growth as adding more members. But for single-sponsor credit unions, especially those serving first responders, a more powerful definition is: Growth = more value per member Many members only use one or two products—often a checking account and maybe an auto loan. Meanwhile, larger banks capture mortgages, credit cards, and investments. The opportunity isn’t just new members. It’s: More products per member Higher balances per relationship Greater share of wallet Your Biggest Advantage: The First Responder Life...

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