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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.

“The [credit union] team did a phenomenal job with this promotion,” Meyer said. “I can’t say enough about the [member service representatives] and branch managers. They are the rubber that meets the road.”

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