Cedar Falls CCU (IA) Has 15-Month Jumbo CD

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Deal Summary: 15-month Jumbo Certificate, 2.01% APY, $100k minimum deposit.

Availability: Residents of 20 northeast Iowa counties.

Between April and November 2016, I wrote three blog posts about competitive CDs offered by Cedar Falls Community Credit Union (CFCCU). With last week’s rate increases on its Jumbo Certificates, it’s time to write a fourth. Of the 10-, 15-, 25-, and 37-month Jumbo Certificates, the 15-month has the most competitive rate. The minimum deposit is $100k, with no stated balance cap.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.25%$100k-Cedar Falls Community Credit Union37 Month Jumbo Certificate
2.11%$100k-Cedar Falls Community Credit Union25 Month Jumbo Certificate
2.01%$100k-Cedar Falls Community Credit Union15 Month Jumbo Certificate
1.71%$100k-Cedar Falls Community Credit Union10 Month Jumbo Certificate
Accounts mentioned in this post. Rates as of October 22, 2017.

The Jumbo Certificates have been part of the product line for more than three years. In that time, the 15-month has experienced eight rate increases, adding a total of 111 bps.

In a Live Chat, CSR stated the Early Withdrawal Penalty for the 15-month Jumbo Certificate is a substantial 12 months interest.

Availability

Since I last wrote about Cedar Falls Community Credit Union, its residency-based field of membership (FOM) has expanded, with an additional 13 Iowa counties now included.

Individuals who live or work in the Iowa counties of Allamakee, Benton, Black Hawk, Bremer, Buchanan, Butler, Chickasaw, Clayton, Delaware, Grundy, Fayette, Floyd, Franklin, Hardin, Howard, Linn, Marshall, Mitchell, Tama and Winneshiek are eligible to join.

CFCCU’s Become A Member page states that membership eligibility is, "also extended to your entire family: spouse, children, parents, brothers, sisters, grandparents and grandchildren."

Joining CFCCU and/or opening a Jumbo Certificate can be done in person at any of three Iowa branches, located in Cedar Falls (2) and Waverly. A completed Membership Application can also be returned by mail, but signature(s) must be notarized.

CFCCU’s “online application” is actually a Contact Me form, and upon submission,

We will be in touch with you shortly to finalize a few details...and then
you'll soon be a proud member-owner of Cedar Falls Community Credit Union!

Credit Union Overview

Cedar Falls Community Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas ratio of 2.22% (excellent) based on June 30, 2017 data. In the past year, CFCCU has increased its total deposits by $10.78 million, an excellent annual growth rate of 12.2%. Please refer to our financial overview of Cedar Falls Community Credit Union (NCUA Charter #65565) for more details.

Cedar Falls Community Credit Union was originally chartered in 1958 for the benefit of members of a local machinists’ union. The FOM expanded to include other employee groups over the next 20+ years, until a community charter was granted in 1982. Cedar Falls Community Credit Union is currently Iowa’s 20th largest credit union, with nearly 8,200 members and assets in excess of $116 million.

How the Jumbo Certificate Compares

When compared to the similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Cedar Falls Community Credit Union’s 15-Month Jumbo Certificate APY currently ranks first.

The above rates are accurate as of 9/18/2017.

To look for the best CD rates, both nationwide and state specific, please refer to our CD rates table, or our new Rates Map page.

Related Pages: Cedar Rapids CD rates, 1-year CD rates

Comments
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Availability: Residents of Black Hawk, Bremer, Buchanan, Butler, Chickasaw, Fayette, and Grundy Counties, Iowa.

In the past six months, Cedar Falls Community Credit Union (CFCCU) has offered several “Special” Certificates. The most recent addition to the product line is a 60-month Step-Up Certificate (2.25% APY). The minimum deposit is $1k, with no stated balance cap.

The 60-month Step-Up Certificate is also available as an IRA (Traditional, Roth, CESA) earning the same rate, with the same funding requirements.

As stated on the Deposit Rates page,

Member can...

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Availability: Residents of Black Hawk, Bremer, Buchanan, Butler, Chickasaw, Fayette, and Grundy Counties, Iowa.

In April, I wrote about the competitive rates on the 25- and 37-month Special Share Certificates offered by Cedar Falls Community Credit Union (CFCCU). Those rates dropped yesterday, but the rates on the 15-month Special Share Certificate and the 15-month Jumbo Certificate were raised yesterday to 1.50% APY and 1.70% APY, respectively.

The minimum deposit for the Special Share Certificate is $1k and $100k for the Jumbo Certificate.

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Cedar Falls CCU (IA) Has 2 Competitive Special Share Certificates
Availability: Residents of the Iowa counties of Black Hawk, Bremer, Buchanan, Butler, Chickasaw, Fayette, and Grundy.

Cedar Falls Community Credit Union (Cedar Falls CCU) is currently offering a 25-month Special Share Certificate (1.75% APY) and a 37-month Special Share Certificate (2.30% APY). The minimum deposit for either is $1k, with no balance cap.

Both Special Share Certificates were added to the product line in November 2011, and the current APYs are the highest rates ever.

The Special Share Certificates are also available...

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5.50% 18-Month CD at an Iowa CU
Cedar Falls Community Credit Union is offering a special 5.50% APY 18-month share certificate. The minimum deposit is $1K. For a $100K minimum deposit, the special APY is 5.60%.

The field of membership includes residents of the following Iowa counties: Black Hawk, Bremer, Butler, Grundy, Fayette, Buchanan and Chickasaw. They have 4 branches in Cedar Falls and Waverly.

The credit union is NCUA insured. It's a small credit union with 9,000 members and $48 million in assets.



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