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CFCU Community Credit Union


Overview / Commentary
www.mycfcu.com
607-257-8500
1030 Craft Road
Ithaca, NY 14850-1016

CFCU Community Credit Union is headquartered in Ithaca and is the 17th largest credit union in the state of New York. It is also the 319th largest credit union in the nation. It was established in 1953 and as of June of 2023, it had grown to 234 employees and 81,634 members at 15 locations. CFCU Community Credit Union's CD rates are 5X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership in CFCU Community Credit Union is open to those who live, work, worship, attend school, or maintain a business in the New York counties of Cayuga, Courtland, Madison, Onondaga, Ontario, Seneca, or Tompkins. Anyone affiliated with any of more than 150 Select Employer Groups is also eligible to join. Family members of any membership-eligible individual qualify of membership.
See current membership details

Related Posts

CFCU Once Again Offering 7% APY On Their Seven Month Jumbo CD - 9/5/2023

I originally posted this deal several months ago, here: https://www.depositaccounts.com/banks/cfcu-community.html#promo53269 That old deal expired, earlier in the summer. However, CFCU has just begun offering a new CD deal which appears identical. They are saying the new deal will be good for the months of September and October. You need $100,000 at CFCU to garner their 7% APY jumbo rate. If you don't have that much money available their seven month, 6% APY CD is still a decent deal. And you need only $25,000 to get the 6% APY deal. CFCU covers a broad swath of upstate NY from roughly Ithaca on up to Syracuse. But as I detailed in the earlier thread, if you are able somehow to reach Ithaca one time, it's possible anyone could get this deal using the "attends school" loophole, and thousands of people enjoy fall vacationing in New York's scenic Finger Lakes region. Here is a link to this latest CFCU CD

Jumbo Promo Seven Month CD Is Paying 7% APY - 5/23/2023

This is a local/regional deal in upstate NY, Ithaca up to and including the Syracuse region. Even so, I think the availability of a 7% APY CD anywhere is an interesting development. This deal is unadvertised online except for the link I will provide below. Note that you can do a seven month mini-jumbo CD at 6% APY, not as high a rate but still possibly of interest for persons unable to get $100,000 together. Do not sweat the Celebration checking you must open as part of this deal. I've been down that road and there are no bumps. Of course if you close the Celebration checking before your seven month CD matures, the rate will revert to 5% APY. But nobody is going to do that and lose the 7% APY rate. Still, they check daily so leave the Celebration account "active", which simply means open. Here is a link to the details of this deal: h

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Reviews (5)

A Solid Credit Union -- CFCU

Posted by: |

I was a member of CFCU while I attended Ithaca College in Ithaca, New York. I chose CFCU because they had a branch on campus, but I stayed with CFCU because they had excellent customer service. I was always treated well when I had to deposit a check or had a question about their policies. For example, I needed to take out a loan. They explained to me what my options were and answered every question I had about repayment. CFCU is generally very helpful and want their customers to save money. Once, when I had a withdrawal that was going to overdraft, they called me up to try and get me to deposit money to fix it before they had to charge me. The only downside was that they didn't have any online banking at the time, but they now offer that service. I highly recommend that Tompkins County residents get a CFCU account.

1

Why I bank with CFCU Community Credit Union

Posted by: |

I have had an account with this bank for at least 18 years. They have always had low fees and no requirements for having a certain amount of money in my checking account. I like having a local bank because I feel like anytime I have a problem with my account I can walk into a local branch and they will take care of the problem. I feel like they really care about my business and treat me with respect. I feel like my account is safe and secure with them and I enjoy banking with them. The only issue I have is that they do not have as many ATM machines close to my office so sometimes I have to use an out of network machine if I don't have time to make it to an in network machine or a branch. These small inconveniences still do not out weigh the piece of mind I have by having a local bank.

1

Sati

Posted by: |

I joined this CFCU Community Credit Union when starting my PhD program in an isolated city. I wanted a local bank or credit union that I could use for rent checks and other local banking needs. The service has been satisfactory. This credit union is very local, so I will be closing my accounts when I leave. I have been satisfied with the service and believe that this credit union has met my needs.

2

CFCU

Posted by: |

After moving to a small town in central New York, I wanted to have a local bank to do things like pay rent. CFCU Community Credit Union seemed like a good choice. They had better interest rates on savings and checking accounts than other banks or credit unions in the area. As is the case in general with businesses in central New York, customer service is not their strong suit. They are incredibly slow and unfriendly when you go to them with questions about your account. There is no mobile app for this credit union. Their website interface also seems horribly dated. Overall, the experience is decent, but the bar for a local bank or credit union in central New York is awfully low.

2

CFCU DO NOT TRUST.

Posted by: |

Cfcu teller punch my husband and now cfcu banned my husband from coming into their bank. They should of fired that employee. We have filed a lawsuit for cfcu to forgive our mortgage so we can go to another bank. Police officer and 911 call will be our witness in court. Laws say they are not allowed to banned customers that have a loan or money with that bank. 
DO NOT USE THIS BANK! THEY ABUSE THEIR CUSTOMERS!!!
Cfcu tried getting my husband arrested, but maybe next time. They shouldn't lie in court and emails. Cfcu employee sent an email to the prosecutor saying my husband was arrested. Which never happened and there was proof. No police report or files on my husband ever being arrested for anything in his life.
Cfcu lost in court! Check Ithaca court. Trial was on 5/7/2018

3


Health
B+

Data as of Q2 2023

Learn why bank health matters

Health Grade Components

Overall
NCUA #68322
Year Chartered1953
Employees234
Primary Regulator
Profit Margin
Return on Assets - YTD0.91%
Return on Equity - YTD7.76%
Annual Interest Income$26.0MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$1.44B$1.53B
LoansQ2 2023vs Q2 2022$1.07B$960.3MM
DepositsQ2 2023vs Q2 2022$1.25B$1.33B
Equity CapitalQ2 2023vs Q2 2022$167.6MM$167.5MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$5.4MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$12.6MM$10.9MM
Real Estate OwnedQ2 2023vs Q2 2022$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not CFCU Community Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

CFCU Community Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%$100-IRA Savings Account
0.05%$100-Share Savings Account
0.05%$100-Business Savings Accounts
0.05%$100-Goal Savings Account
0.05%$100-Dream Home Club

CFCU Community Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%*$100k*-Money Market Accounts
OTHER TIERS: 0.40% → $2.5k - $10k | 0.50% → $10k - $25k | 0.60% → $25k - $50k | 0.70% → $50k - $100k
0.85%*$100k*-Business Money Market Account
OTHER TIERS: 0.40% → $2.5k - $10k | 0.50% → $10k - $25k | 0.60% → $25k - $50k | 0.70% → $50k - $100k

CFCU Community Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.12%*$100k*-Business Reward Checking
OTHER TIERS: 0.05% → $1k - $25k | 0.08% → $25k - $50k | 0.10% → $50k - $100k
0.03%$1k-Transformation Checking
0.02%$1k-Business Checking

CFCU Community Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.15%*$100k*-60 Month Share Certificate
OTHER TIERS: 4.00% → $500 - $25k | 4.05% → $25k - $100k
4.15%*$100k*-12 Month Share Certificate Plus
OTHER TIERS: 4.00% → $500 - $25k | 4.05% → $25k - $100k
4.15%*$100k*-24 Month Share Certificate Plus
OTHER TIERS: 4.00% → $500 - $25k | 4.05% → $25k - $100k
4.15%*$100k*-36 Month Share Certificate Plus
OTHER TIERS: 4.00% → $500 - $25k | 4.05% → $25k - $100k
4.15%*$100k*-48 Month Share Certificate Plus
OTHER TIERS: 4.00% → $500 - $25k | 4.05% → $25k - $100k
4.15%*$100k*-12 - 60 Month Share Certificate Special
OTHER TIERS: 4.00% → $500 - $25k | 4.05% → $25k - $100k
4.00%$25-12 Month Lucky Savers Certificate
3.15%*$100k*-6 Month Share Certificate Plus
OTHER TIERS: 3.00% → $500 - $25k | 3.05% → $25k - $100k
2.15%*$100k*-3 Month Share Certificate Plus
OTHER TIERS: 2.00% → $500 - $25k | 2.05% → $25k - $100k

CFCU Community Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.15%*$100k*-60 Month IRA Share Certificate
OTHER TIERS: 4.00% → $500 - $25k | 4.05% → $25k - $100k
4.15%*$100k*-12 Month IRA Certificate Plus
OTHER TIERS: 4.00% → $500 - $25k | 4.05% → $25k - $100k
4.15%*$100k*-24 Month IRA Certificate Plus
OTHER TIERS: 4.00% → $500 - $25k | 4.05% → $25k - $100k
4.15%*$100k*-36 Month IRA Certificate Plus
OTHER TIERS: 4.00% → $500 - $25k | 4.05% → $25k - $100k
4.15%*$100k*-48 Month IRA Certificate Plus
OTHER TIERS: 4.00% → $500 - $25k | 4.05% → $25k - $100k
3.15%*$100k*-6 Month IRA Certificate Plus
OTHER TIERS: 3.00% → $500 - $25k | 3.05% → $25k - $100k
2.15%*$100k*-3 Month IRA Certificate Plus
OTHER TIERS: 2.00% → $500 - $25k | 2.05% → $25k - $100k
Locations

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The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.