3.90% 15-Month CD at Bronco FCU in Virginia read and submit comments for this post

Bronco Federal Credit Union is offering a 3.90% APY 15-month Bump Share Certificate. Minimum deposit is $1,000. It allows the rate to be bumped up during the term to the current 12-month certificate rate. This is also available in an IRA. This rate is listed at the credit union's rate table as of 1/08/09.

My last report on this credit union was in November 2007 when they were offering a special 5.25% 13-month Bump CD

Membership is open to those who live, work, worship, or attend school in the Virginia counties Isle of Wight and Southampton, and the cities of Chesapeake, Franklin, Portsmouth, Norfolk, Suffolk and Virginia Beach. Please refer to their membership page for further details.

Branches are located in Franklin, Suffolk and Emporia, Virginia.

The credit union's ratings for soundness are mixed: 2 stars (below peer group) at Bankrate and 4 stars (excellent) at BauerFinancial. Both ratings are based on 9/30/08 data. The credit union is federally insured by the NCUA (Charter # 4616).