Del Norte Credit Union (DNCU) in New Mexico has recently launched a highly competitive 13-Month Share Certificate Special, offering an impressive 5.65% APY.
This special is available with a minimum deposit of $1,000 and no maximum deposit limit, making it accessible and appealing to a broad range of savers.
Del Norte Credit Union CD Offer
At 5.65% APY, the 13-Month Share Certificate Special is the highlight of DNCU’s certificate portfolio, featuring the highest APY among their offerings.
This special is also available as an IRA Certificate (Traditional, Roth, CESA), with identical APYs and deposit requirements.
Additionally, DNCU is offering an 8-Month Share Certificate Special at 5.13% APY, catering to those seeking shorter-term investments.
These APYs were last updated on January 17, 2024.
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Key features of the 13-Month Share Certificate Special include:
- Early Withdrawal Penalty: 90 days of dividends.
- Account Closure: The certificate can only be closed early, with principal reduction if closed within 90 days of opening.
- IRA Options: Available as an IRA Certificate Special (Traditional, Roth, CESA) with the same APY and deposit requirements.
Availability and Account Opening
Membership in DNCU is accessible to U.S. citizens or resident aliens with a valid tax identification number who join the Del Norte LOV Foundation, which is associated with DNCU.
This foundation is focused on improving the lives of youth and families in New Mexico, and joining is free, though donations are welcome.
DNCU’s field of membership (FOM) also includes residents or workers in 14 northern New Mexico counties, and those within 150 miles of Raton, New Mexico, including parts of southern Colorado, Oklahoma, and Texas.
Accounts can be opened online or at one of DNCU’s eight New Mexico branches.
A $5 deposit in a Share Savings Account is required to establish DNCU membership.
Funding and Other Details
The Share Certificate Special can be funded via ACH, wire, check, internal transfer, or Share Branch transaction.
Dividends are compounded and credited monthly, and can be automatically transferred to a Share Savings Account.
At maturity, funds are transferred into a DNCU Share Savings Account unless otherwise directed.
Credit Union Overview
DNCU’s total non-brokered deposits have grown significantly, demonstrating robust growth and stability.
Established in 1954, DNCU has evolved from serving Los Alamos National Laboratory employees to becoming the seventh largest credit union in New Mexico, boasting over 60,000 members and assets exceeding $1 billion.
Our Take on the Offer
Del Norte Credit Union’s 13-Month Share Certificate Special is an outstanding option for savers seeking a high-yield, short-term investment.
The combination of a leading APY, low minimum deposit, and the option for IRA accounts makes this offer particularly appealing.
Additionally, DNCU’s strong financial health and expansive membership eligibility further enhance the attractiveness of this special.
For those looking for a solid return on a 13-month term, DNCU’s offer is arguably one of the best available options in the current market.