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
Grant Sheehan CCUE | CEO Opinion: When Vendors Price for Giants, They Shrink the Future of Small Credit Unions ! There’s a quiet squeeze happening in the credit union industry, and it’s not coming from regulators or competition from big banks. It’s coming from the very vendors that claim to support the ecosystem. For small credit unions, the problem is increasingly simple and factual: the tools required to compete with digital banking platforms, fraud systems, compliance software, analytics, and payments infrastructure are priced for institutions ten or even 100 times their size. The result is a market where access to essential services is determined not by mission or member need, but by asset size. This isn’t just inconvenient. It’s structurally threatening. Vendors often defend their pricing models as a reflection of complexity or scale. Larger credit unions have more users, more transactions, more integrations, so they pay more, and that seems fair on the surface. But t...

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