X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN JOSE, Calif. — More than 400 persons are now members of Meriwest Credit Union thanks to a popular certificate of deposit promotion.

Between April 15 and May 31, the $1.3 billion credit union offered a one-year CD with a 7.5% annual percentage yield. A minimum and maximum of $1,000 was required to open the CD along with signing up for a new checking account. Over the six week period, 407 new members brought in $407,000 in new deposits, said Greg Meyer, community relations manager.

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.