CUs jump to help members during leap year

February 29, 2016

MADISON, Wis. (2/29/16)--For 365 days a year, credit unions aim to help their members. When there happens to be a 366th day? They leap at the chance to go above and beyond.

A leap year has one additional day to keep the calendar year synchronized with the astronomical or seasonal year. Credit unions synchronize their efforts to maximize member benefits in a number of ways:

  • A leap year certificate of deposit (CD) at Miramar FCU, San Diego, offers 2.29% annual percentage yield (APY) for an 18-month CD with a minimum deposit of $1,000;
  • Healthcare Systems FCU, Falls Church, Va., is offering auto loan rates as low as 1.39% annual percentage rate (APR) and a $50 bonus.
  • For the month of February, American Eagle CU, St. Louis, reduced the interest rates on auto loans by 0.29%;
  • 121 Financial CU, Jacksonville, Fla., launched its new Visa rewards credit card with quadruple rewards points--four points for every $1 of purchases through today; and
  • In preparation for the next leap year, Cities CU, St. Paul, is offering 2.29% APY on a 4-year CD up to $29,000 and 4% APY on a 4-year CD up to $2,900; and Credit Union of New Jersey, Ewing, N.J., has a one-day special on a 4-year certificate with 2.9% APY on a minimum $5,000 deposit.