ESL Federal Credit Union CD Rates

ESL Federal Credit Union, based out of Rochester, New York, is the 19th largest credit union in the country in terms of membership (roughly 298,000 members) and 20th largest in terms of assets (roughly $3.6 billion).

ESL Federal Credit Union was chartered in 1920 as Eastman Savings and Loan Association by George Eastman, founder of Eastman Kodak Company. His intent was to provide his employees with a financial institution that served their financial needs, especially for mortgages.

Operating much like a credit union throughout its history, on February 1, 1996, Eastman Savings and Loan changed its charter and became ESL Federal Credit Union. These days, ESL offers members much more than just mortgages and is one of the largest and strongest credit unions in the country. It is the largest locally owned financial institution in the Rochester, NY area.

ESL offers the benefits of its products and services to a group of people with a common affiliation. Employees and retirees of Eastman Kodak Company, its subsidiaries, members of the George Eastman house, residents of the City of Rochester and certain other company employees, retirees and their families are eligible to become members. Because ESL members (those who hold savings and other share accounts) are owners of the credit union, they, not stockholders, receive the value that flows from our efficient operations.

Its deposit accounts offer dividends with interest rates. You can open a certificate of deposit account ranging from 6 months to 5 years and earn the following interest rates:

- 6 month Certificate will provide an interest rate of 0.25% APY with a minimum deposit of $500 required.

- 12 month Certificate will provide an interest rate of 0.50% APY with a minimum deposit of $500 required.

- 24 month Certificate will provide an interest rate of 1.15% APY with a minimum deposit of $500 required.

- 36 month Certificate will provide an interest rate of 0.85% APY with a minimum deposit of $500 required.

- 48 month Certificate will provide an interest rate of 0.90% APY with a minimum deposit of $500 required.

- 60 month Certificate will provide an interest rate of 1.00% APY with a minimum deposit of $500 required.

Features:
@ The above rates have been noted as on March 11, 2010.
@ Penalties apply for early withdrawals.
@ Your funds are insured by NCUA up to $250,000.

A minimum deposit of $500 is required for the CD accounts.

Contact Info:

Phone: 800.848.2265

Website: www.ESL.org

address:

ESL Federal Credit Union
100 Kings Highway South
Suite 1200
Rochester, NY 14617-5598