Special Investment Certificates
Serving under-resourced urban neighborhoods often leaves Cooperative Federal with a need for more deposits than members can provide.
We offer a selection of special certificates for investors who wish to support our efforts. The return on these certificates ranges from below market rate to full market rates. A lower rate helps us afford the extra expenses of fully serving underserved members and neighborhoods. Accounts are Federally insured by NCUA to at least $250,000 per account and backed by the full faith and credit of the United States Government.
APY is the Annual Percentage Yield.
| 6 Month Certificate | APY* |
| Market Rate | 0.26 |
| Community Reinvestment Rate | 0.01 |
| Community Development Rate | 0.00 |
| Supporter Rate | 0.00 |
| Benefactor Rate | 0.00 |
| 12 Month Certificate | APY* | ||||||||
Market Rate
| 0.43 | Community Reinvestment Rate
| 0.18
| Community Development Rate
| 0.00
| Supporter Rate
| 0.00
| Benefactor Rate
| 0.00 | |
| 18 Month Certificate | APY* | ||||||||
Market Rate
| 0.58
| Community Reinvestment Rate
| 0.33
| Community Development Rate
| 0.08
| Supporter Rate
| 0.00
| Benefactor Rate
| 0.00 | |
| 24 Month Certificate | APY* | ||||||||
Market Rate
| 0.80
| Community Reinvestment Rate
| 0.55
| Community Development Rate
| 0.30
| Supporter Rate
| 0.05
| Benefactor Rate
| 0.00 | |
| 30 Month Certificate | APY* | ||||||||
Market Rate
| 0.75
| Community Reinvestment Rate
| 0.50
| Community Development Rate
| 0.25
| Supporter Rate
| 0.00
| Benefactor Rate
| 0.00 | |
| 36 Month Certificate | APY* | ||||||||
Market Rate
| 0.98
| Community Reinvestment Rate
| 0.73
| Community Development Rate
| 0.48
| Supporter Rate
| 0.23
| Benefactor Rate
| 0.00 | |
Bank Enterprise Award Certificate
The BEA Certificate usually as a 36 month term.
| Bank Enterprise Award | Rate |
| Maximum Allowable Rate** | 0.95 |
| Community Reinvestment Rate | 0.85 |
| Community Development Rate | 0.75 |
| Supporter Rate | 0.65 |
**The BEA maximum rate is the matching Treasury constant maturities on the day of deposit. A recent rate for 36 mo. is shown, with discounted rates for institutions that can provide a higher level of support to our activities. Current maximum rates are at www.federalreserve.gov/releases/h15/update/.
| Secondary Capital |
| Call to discuss Secondary Capital |
Contact staff for additional information, at (315) 471-1116.
Special Investment Certificates have a minimum balance of $25,000.
Credit union rates offered as of 07/22/2010.
Your savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States by the National Credit Union Administration (NCUA) , a U.S. Government Agency.
Secondary Capital has a minimum of $5,000, a minimum term of 5 years, and is NOT INSURED by NCUA or any other insurance. As of 07/22/2010, the rate for Secondary Capital is 3.00%.
Fees could reduce earnings on the account. Penalty may be imposed for early withdrawal. APY is the Annual Percentage Yield.
