UPDATE 10/8/17: This special 3% 36-month CD has now expired.
UPDATE 10/6/17: This special is scheduled to expire at the end of Saturday, 10/7/17. Member Contact Center and most branches are opened Saturdays from 9:00am to 1:00pm PT. More details about this special and the Triple Advantage features are now listed at
this credit union page.
It’s a new month and a new quarter, which usually means there are new, competitive deals popping up. I think 1
|1.60%||$1k||-||1st United Credit Union||36 Month IRA Fixed Certificate (Traditional, Roth)|
|1.50%||$1k||-||1st United Credit Union||36 Month Fixed Share Certificate|
I have to admit I was slightly skeptical when I first saw this rate, thinking it was an error on 1st United’s website. Two phone calls and one Live Chat later, I’m feeling confident that this rate is legit.
The Certificate is also available as an IRA (Traditional, Roth), earning a slightly higher 3.10% APY with the same funding requirements.
As stated in the Member Account Agreement and Disclosure document, the Early Withdrawal Penalty reads as follows:
The early withdrawal penalty will be equal to the lesser of the dividends earned or
90 days dividends on the amount withdrawn which will be deducted from any Term
Account with a term of 84 months or less if a withdrawal is made prior to maturity.
Thanks to the DA reader who let me know about this "winner, winner, chicken dinner" 3.00% APY.
Headquartered in Pleasanton, California, 1st United Credit Union’s field of membership (FOM) is primarily residency based.
Residency: Individuals who live, work, or attend school in Alameda, Contra Costa, Kings, San Joaquin, Solano, or Stanislaus County are eligible to join.
Employment: Employees of 20 SEGs (including state and local government organizations) also qualify for membership.
Relationship: Immediate family members of current members, related by blood or marriage, are eligible for membership.
Joining 1st United and/or opening a Fixed Share Certificate can be done online, or at any of nine northern California branches located in Alameda, Berkeley, Castro Valley, Fremont, Hayward, Oakland (2), Pleasanton, and San Leandro.
Credit Union Overview
1st United Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 3.08% (excellent) based on June 30, 2017 data. In the past year, 1st United has increased its total non-brokered deposits by $95.69 million, an excellent annual growth rate of 11.95%. Please refer to our financial overview of 1st United Credit Union (NCUA Charter # 63958) for more details.
Founded in 1932 as City & County Employees' Credit Union, 1st United Credit Union was one of the first credit unions in the State of California formed for the benefit of state and local government employees. The original field of membership (FOM) included Alameda County employees but was expanded to include employees of city and county hospitals and schools. Following a merger in 1996 with ALFA Federal Credit Union, the Credit Union's name was changed to better reflect the FOM. 1st United Credit Union became a community chartered credit union in 2001 and today has more than 55,700 members and assets in excess of $995 million.
How the Fixed Share Certificate Compares
When compared to the 361 similar length-of-term CDs tracked by DepositAccounts.com, that require a similar minimum deposit and are available within the FOM, 1st United Credit Union's 36-Month Fixed Share Certificate APY currently (and clearly) ranks first.
|Interest Rate||CD Length of Term||Credit Union/Bank|
|3.00% APY||36-Month Fixed Share Certificate||1st United Credit Union|
|2.21% APY||30-Month CD||EBSB Direct|
|2.17% APY||36-Month CD||USALLIANCE Financial|
These rates are accurate as of 10/3/2017.