As you probably know, savings accounts and certificates of deposit (CDs) are paying very low rates these days. After some of Talltree South’s reserve CDs matured, the board was looking for the best rate they could find to reinvest the funds.
We found a good rate at the NASA Federal Credit Union (www.nasafcu.org). We were able to join the Credit Union as a member organization.
As members of Talltree South, you can open a share (savings), draft(checking), IRA, or other account, or apply for a mortgage, car loan, student loan, etc. Credit Unions are member-owned and typically offer better rates than commercial banks. Just go to a branch office (Falls Church is closest)or to the website and indicate Talltree South as your qualifying organization.
Or look them up on the web, at www.nasafcu.com.