Skip to main content

Higher Long-Term CD Rates at Dayton Firefighters FCU in Ohio

Higher Long-Term CD Rates at Dayton Firefighters FCU in Ohio

Jun 27, 2013 - 7:45 AM by Ken Tumin

Dayton Firefighters Credit Union

There have been two changes at Dayton Firefighters Federal Credit Union that have helped savers. First, its long-term CD and IRA CD rates just had a big jump. Second, the credit union’s field of membership has expanded allowing more people to be eligible to join. The credit union now has a 2.08% APY 5-year Jumbo CD and a 1.78% APY 4-year Jumbo CD. The Jumbo minimum deposit is $100,000. For a minimum deposit of $2,000, the rates are 10 bps lower. These rates are listed in the credit union’s savings rate sheet as of 6/27/2013.

Credit union membership is open to those who live, work, worship, or attend school in, and businesses and other legal entities located in Montgomery County, Ohio. Please refer to the credit union’s membership eligibility page for more details. The credit union’s front page highlights that “membership benefits now extended to all of Montgomery County.” So they’re trying to make sure people are aware that you don’t need to be a firefighter to qualify.

It’s a small credit union with one office located at 338 S. Patterson Blvd., Dayton Ohio.

The credit union has an overall health score at DepositAccounts.com of 5 stars (out of 5) with a Texas ratio of 6.30% (excellent) based on March 2013 data. Please refer to our financial overview of Dayton Firefighters FCU for more details. The credit union is federally insured by the NCUA (Charter # 395).

Comments

Popular posts from this blog

Unlocking the Power of Emeritus Board Positions in Credit Unions

  Explore how the Emeritus Board Position in credit unions honors long-serving members, offering them a chance to mentor new leaders while maintaining strategic influence without the responsibilities of active board roles.

Both Sides of The Desk!

With over 50 years of experience in the credit union sector, I have had the privilege of observing and participating in its evolution from various vantage points. My journey has taken me from serving as a dedicated volunteer holding critical leadership roles, including serving on the supervisory committee, as director, and as board chairman, culminating in my tenure as CEO for 12 years and now founder and President/CEO of the National Council of Firefighter Credit Unions . This extensive background has enabled me to " Sit On Both Sides Of The Desk ," blending operational expertise with strategic oversight. In this blog post, I want to share how this dual perspective has enriched my understanding of credit union dynamics and fostered more effective governance. By leveraging the insights gained from years spent navigating both the intricacies of daily operations and the broader strategic objectives, I have witnessed firsthand the transformative power of collaboration, communi...

How To Make Decisions With Conviction—Even Under Pressure

Why strong leaders act when others hesitate — and how to develop that confidence without needing every answer. I’ve watched smart, experienced leaders freeze. And I’ve been in that same position myself. It’s not because we lack information, but because we don’t feel ready to choose. Leaders often get stuck because they’re waiting for the perfect moment to act. They’re thinking through the consequences, weighing the trade-offs, trying to get it right. But the longer they wait, the harder it becomes to move at all. The truth is that the worst decision isn’t always the wrong one. It’s the one you never make. If you’re in a leadership role, you don’t always get the luxury of knowing. You have to move anyway. Not recklessly, not blindly, but with clarity, purpose and conviction. In high-pressure moments, the gap between average leaders and great ones gets exposed. It’s not a gap in intelligence or experience. It’s a gap in decisiveness. Because conviction doesn’t mean certainty—it means mak...

Live - Podcast Understanding The Importance P&L Statements

A Weekly Dose of Innovation for Credit Unions Serving First Responders Welcome to the NCOFCU Podcast: Your Weekly Dose of Innovation. Hosted by Grant Sheehan CCUE | CCUP | CEO, NCOFCU, this podcast is your definitive source for the latest news, insights, and trends in the first responder credit union world.

Fed Kicks Off Two-Days of Meetings Today as Critics, Proponents Respond to Rate Increases; Plus, What CUs Should Expect

CUToday WASHINGTON–The Federal Reserve’s Open Market Committee (FOMC) will kick off two days of meetings today and the decision they announce tomorrow will affect everything from the major U.S. markets to credit unions that are seeing strong loan growth to individual credit union members struggling with monthly bills. The FOMC is widely expected to again raise its benchmark rate as it seeks to cool raging inflation. Among those expecting rates to be higher by Wednesday afternoon is CUNA’s chief economist, Mike Schenk, who expects the Fed will push up rates by 75 basis points. That follows the full one percentage point increase made during the Fed’s July meeting. “That’s pretty substantial, but inflation is over 9%,” said Schenk...