Home > General, Markets > Good news (gospel) saves Baptist savers

Good news (gospel) saves Baptist savers

April 21, 2011

Rocky notes the Shiloh of Alexandria Federal Credit Union currently offers a 5.05% APY 1-year CD.

How can they offer such a high rate? Probably because they have no full-time employees, and they’re only open on Saturdays and Sundays from 9:30 to noon.

Additionally, to join this credit union, you must be a member of the Shiloh Baptist Church of Alexandria, Virginia.  The credit union does have NCUA deposit insurance (which is equivalent to the FDIC.) See: http://www.shilohfcu.com/savings.html

Since Rocky neither lives in Alexandria, nor is a Baptist, he cannot take advantage of this fabulous deal.

[Disclosure: Rocky avoids engaging in Faustian bargains. However, he acknowledges that high interest rates are an  innovative approach to increase church attendance!]

  1. April 21, 2011 at 8:17 pm

    Good recruitment tool, assuming God is not a big enough draw. I wonder what happens if you are judged to be faking? Do you get kicked out of the credit union?

  2. ...
    April 21, 2011 at 8:21 pm

    Fakename: There are nearly a dozen Biblical Allusions in the post. If you can identify all of them, you will win a Unique Prize of Dubious Monetary Value.

  3. April 21, 2011 at 8:54 pm

    “Nearly” a dozen? FN is shocked by the lack of specificity. Furthermore, FN has done very poorly in previous contests for the PODMV. So she needs more hints. So far, she has eliminated APY and CD, and possibly the word “this”.

  1. No trackbacks yet.
Comments are closed.
%d bloggers like this: