* live or work in Southern California * be a member of one of our eligible organizations * be an employee of any of these eligible businesses, or a relative of anyone who is eligible because of his or her association with the organization or business, whether or not the associated person is a member, and regardless of where you live.
Savings are Federally Insured to $100,000 (IRA accounts are insured up to $250,000) by the National Credit Union Administration, a U.S. Government Agency. For account balances in excess of Federal NCUA insurance, additional savings protection of $250,000 per individual account is provided through American Share Insurance.
Added by TC: $25 minimum balance [in savings account] required to maintain Credit Union membership. No interest is paid on savings account until balance at least $300 (0.10% APY).
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posted: Dec. 4, 2007 @ 10:42a
Very nice find, thanks ! Hope I added some useful info to Quick Summary.
posted: Dec. 4, 2007 @ 11:07a
I wonder what the "eligible organizations" are?
posted: Dec. 4, 2007 @ 11:18a
What link are you looking at that shows an account paying 5.75% apy?
posted: Dec. 4, 2007 @ 11:22a
so this is a CD?
posted: Dec. 4, 2007 @ 11:29a
I went to the NCUA web site to see what I could see about this CU -- I found their financial reports, but I need help reading them. Anyone?
BTW, their charter number is 14785, and they were chartered in 1962.
posted: Dec. 4, 2007 @ 12:48p
dealbreakerx said: I wonder what the "eligible organizations" are?
This might provide a clue: "Patriots Federal Credit Union was founded in 1962 to provide financial services to military personnel of the U.S. government stationed at the Marine Corps Air Station, El Toro, and the Marine Corps (helicopter) Air station in Tustin, California."
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