SHREWSBURY, N.J. — If your credit union was out shopping rates on July 28 it could have found some of the best rates at what some may consider an unlikely place–Louisiana Corporate.
That's not to say Louisiana Corporate is a second-rate corporate or deficient in anyway, however at $192 million it is one of the smallest corporates in the nation, and may not be the corporate CUs think of first for high rates.
But on July 28 Louisiana Corporate was offering a 5.55% rate on a $200,000 six-month CD, a 5.55% rate on a six-month $2 million CD, a 5.47% rate on a two-year $200,000 CD, and 5.47% on a two-year $2 million CD. The two-year CD rates ranked first among all corporates and its six-month rates were near the top.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
