Crossroads Credit Union Certificate (CD) Rates and Review

Crossroads Credit Union of Goessel, Kansas, is advertising offering one of the highest share certificate rates on a 60 month certificate. The current 5 year share certificate rate is at 3.00 percent APY. That rate is one of the best share certificate rates or best CD rates at banks available anywhere, not only in Kansas.

The FDIC's national average 5 year bank CD rates is a lot lower at 0.98 percent. Crossroads Credit Union's 5 year rate is also higher than the 5 year jumbo CD rates average of 0.99 percent in the FDIC survey. Not too long ago Crossroads Credit Union was offering a 3 month certificate rate that was a lot higher than the highest CD rates on 3 month bank certificate of deposit. The certificate rate was 0.91% with an APY of 0.91%. The current 3 month rate is at 0.30 percent with an APY of 0.30 percent.

Besides offering 5 year share certifiate rates and 3 month certificate rates Crossroads Credit Union is also offering 6 month certificate rates at 0.40 percent with an APY of 0.40 percent. While that rate isn't the best certificate rate or best bank CD rate available it is higher than the FDIC average of 0.17 percent. The best CD rates on 6 month certificates of deposit are around 0.90 percent right now.

Current 1 year certificate rates at Crossroads Credit Union are also higher than the FDIC average but not the highest rates available. Crossroads Credit Union's 1 year rates are at 0.50 percent while the highest CD rates on 1 year certificates of deposit are at 1.09 percent with an APY of 1.10 percent on our list.

The other two certificate rates offered by Crossroads Credit Union include 18 month certificates and 30 month certificates. The 18 month interest rate is at 0.75 percent and the 3o month rate is at 1.00 percent. The best CD bank rates on 18 month CD accounts are at 1.20 percent and the highest bank CD rates on 30 month CD accounts are at 1.30 percent.

Here is a little history of Crossroads Credit Union from the credit union's website.

Credit Union opened for business as Crossroads Federal Credit Union in February of 1950, with the first deposit of $25 being made by Crossroads Coop Association, making it the first member. On March 14, the first organizational meeting was held, with six charter members and 60 other interested persons present. By the first annual meeting in January 1951, 101 members belonged to the credit union.

As of the 50th anniversary in 2000, there were over 1,400 members, and membership is constantly growing. On June 27, 2006 Crossroads changed their charter from a federally chartered credit union to a state chartered credit union which brought a name change, dropping the Federal from the name and becoming simply Crossroads Credit Union. It also opened up the membership to a tri-county area (see membership requirements below).

Crossroads was built on the credit union philosophy of "Not for Profit, But for Service." It exists because people care about each other and are willing to put their finances together as part of a caring community. People save money and lend money to other people. The life of Crossroads is people.

Membership in Crossroads Credit Union includes anyone who lives, works, worships, or owns a business in Marion, McPherson or Harvey Counties and their immediate family members. If you're not able to join this credit union you still can search for the best CD rates at banks by using our CD interest rates list.

Author: Jason P. Jones
September 2nd, 2012

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