Delta Community Credit Union Review 2021

Published January 2021 by Matthew Goldberg

AT A GLANCE
4.3

Bankrate Score

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ATM fee refunds

Top CD rates

Delta Community Credit Union may be a good option for Georgia residents searching for a full-service credit union.

  • Savings
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    3.3
  • CDs
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    4.5
  • Checking
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    4.8
  • MMAs
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    4.0
  • MORE HIGH-YIELD OPTIONS
    MORE HIGH-YIELD OPTIONS
    Goldman Sachs Bank USA

    Member FDIC

    Savings account

    0.50 % APY

    $ 0

    Min. balance for APY

    American Express National Bank

    Member FDIC

    Savings account

    0.50 % APY

    $ 1

    Min. balance for APY

    Goldman Sachs Bank USA

    Member FDIC

    CD

    0.55 % APY

    1yr

    Term

    $ 500

    Min. deposit

    Overall

    4.3

    Bankrate Score

    Delta Community Credit Union is the largest credit union in Georgia. It has more than 427,000 members at its credit union.

    What we like

    • Delta Community Credit Union tends to offer competitive yields on most of its CDs.

    • Delta Community’s Personal Checking Account is a free account that earns reward points each time you sign for a debit card purchase.

    • Members can access many co-op surcharge-free ATMs.

    • You can schedule an appointment at the branch by using Delta’s online scheduling tool.

    What we don't

    • You might not be eligible to join the credit union because of where you live, where you work or other factors.

    • The savings APYs here aren’t as competitive as the yields at some other banks.

    Savings accounts

    3.3

    Bankrate Score

    OTHER SAVINGS OFFERS YOU MAY LIKE
    Goldman Sachs Bank USA

    Member FDIC

    Savings account

    0.50 % APY

    $ 0

    Min. balance for APY

    Delta Community Credit Union’s Personal Savings account can be opened with only $5. The yield isn’t as competitive as Delta Community’s CDs. Delta Community’s Personal Savings account doesn’t have a monthly maintenance fee.

    The credit union also offers youth savings accounts for newborns to 12-year-olds.

    What we like

    • You only need $5 to open a Personal Savings Account.

    • All balances earn interest.

    What we don't

    • There are higher savings APYs available at other institutions.

    • Those with account balances, which includes a combination of deposits and loans, that fall below $60 that don’t make any transactions for six months may incur a $5 per month inactive account or low balance fee.

    CD rates

    4.5

    Bankrate Score

    OTHER CD OFFERS YOU MAY LIKE
    Goldman Sachs Bank USA

    Member FDIC

    CD

    0.55 % APY

    1yr

    Term

    $ 500

    Min. deposit

    Delta Community Credit Union offers five CD terms. Its CDs are consistently among the highest yields offered. Delta Community’s CDs range from a six-month CD to a five-year CD.

    An early withdrawal of a six-month CD will cost you 60 days of interest and you’ll incur a penalty of 90 days of interest with an early withdrawal on a one-year CD. Two-year CDs and three-year CDs have a 180 days of interest penalty for early withdrawals and a five-year CD has an early withdrawal penalty of 270 days of interest. These penalties only apply on CDs opened or renewed after May 1, 2017. CDs opened or renewed before May 1, 2017 have different penalties.

    What we like

    • Delta Community Credit Union offers a competitive yield on some of its CDs.

    • They offer some of the most common terms of CDs.

    What we don't

    • You won’t be able to access a no-penalty CD at Delta Community.

    • Delta Community doesn’t have an 18-month CD.

    Checking accounts

    4.8

    Bankrate Score

    OTHER CHECKING OFFERS YOU MAY LIKE
    Axos Bank

    Member FDIC

    Checking account

    1.25 % APY

    $ 50

    To open

    $ 0

    To avoid fees

    The Delta Community Credit Union personal checking account doesn’t require a minimum opening deposit. But you’ll need at least $5,000 to earn interest and balances of $25,000 or above earn a little higher APY.

    Delta Community members can participate in a rewards program that earns one point for every $3 spent on eligible purchases.

    This account is also available to members, ages 16-17, that have an adult as a joint owner on the account.

    Delta Community members are limited to three checking accounts.

    What we like

    • Making eligible transactions with the debit card can help you earn one point for every $3 you spend on eligible transactions.

    • The Personal Checking Account earns some interest at some balance tiers.

    What we don't

    • You won’t earn points by using your PIN on an eligible debit card transaction.

    • You can’t get out-of-network ATM fees reimbursed with the Personal Checking Account.

    • You need at least $5,000 in order to earn interest in the Personal Checking Account.

    • Members are limited to three checking accounts per membership.

    Money market accounts

    4.0

    Bankrate Score

    The Personal Money Market Account doesn’t require a minimum opening deposit. But you’ll need at least $1,000 in the account to earn any interest. You’ll also need a minimum opening deposit of at least $5. At its lowest tier, the Personal Money Market Account currently earns twice the national average.

    The Money Market Account currently allows you to make 10 withdrawals per month. Withdrawals after that will cost you an $20 excessive withdrawal fee.

    The account does have check-writing privileges.

    What we like

    • The Money Market Account has check-writing privileges.

    • This account has an ATM card.

    • You’re rewarded with a more competitive APY with a balance of $100,000 or more.

    • You can make 10 transactions per month. That’s more than you can at some other banks.

    What we don't

    • You only start to earn interest with a balance of at least $1,000. Savings accounts at other banks earn interest starting at $0.01.

    • A $20 excessive withdrawal fee is incurred for making more than 10 withdrawals in a month.

    Bank experience

    Delta Community Credit Union customers can reach one of the credit union’s representatives from 7 a.m. to 8 p.m. Monday through Friday and on Saturdays from 9 a.m. to 5 p.m. After that, a call center representative should be available.

    More than 5,000 shared branches help increase your banking options. Delta Community also has a large network of surcharge-free ATMs through the CO-OP ATM network. This gives members more options, besides just Delta Community’s 28 branches.

    About Delta Community Credit Union

    To join Delta Community Credit Union you’ll need to live or work in one of the eligible counties in Georgia. Any current, former or retired employee of an employer on the Delta Community Credit Union website or any member of an association on the credit union’s website may be eligible to join. Some relatives of members may be eligible to join as well.

    Delta Community Credit Union offers a checking account, a credit card, savings accounts, a money market account and CDs.

    Matthew Goldberg Twitter Created with Sketch. @MATTATBANKRATE

    Matthew Goldberg Twitter Created with Sketch. @MATTATBANKRATE

    Matthew Goldberg is a consumer banking reporter at Bankrate. Nearly his entire career has either been as a reporter or working in financial services, in banking and insurance. His writing has been featured on MSN, appeared in Sports Illustrated On Campus, The Atlanta Journal-Constitution, The Buffalo News and other publications. He has been honored by both the Illinois Associated Press Editors Association and the Illinois Press Association. Matthew is currently on the Society for Advancing Business Editing and Writing (SABEW) Board of Governors. He has previously served on conference planning committees, the training committee and the finance committee for SABEW, which is the world's largest and oldest organization of business and financial journalists. His reporting career has included working as a staff reporter at two daily newspapers. He earned a bachelor’s degree at Illinois State University and an MBA at William Paterson University.