Collins CCU Adds New 19-Month Certificate Special

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Availability: Residents of 38 eastern Iowa counties

Over the past two years, I have written about a number of competitive Certificate Specials offered by Collins Community Credit Union (Collins CCU). The newest was rolled out yesterday – a 19-month Certificate Special.

Like all of Collins CCU’s Certificate Specials, the 19-month has tiered APYs, based on the following deposit levels:

  • 1.81% APY - $1k+
  • 1.86% APY - $10k+
  • 1.91% APY - $50k+
  • 1.96% APY - $100k+
  • 2.01% APY - $250k+

The Certificate Special is also being offered as an IRA Special (Traditional and Roth), earning the same APYs based on the same tiered balance levels.

As stated in Collins CCU's Truth In Savings Disclosure, the Early Withdrawal Penalty reads as follows:

If your account has an original maturity of more than one year:
The penalty we may impose will equal 180 days interest on the amount withdrawn.

Availability

Headquartered in Cedar Rapids, Collins Community Credit Union offers membership to individuals who live or work in any of the following 38 eastern Iowa counties:

Benton, Black Hawk, Boone, Bremer, Buchanan, Butler, Cedar, Clinton, Clayton, Dallas, Delaware, Des Moines, Dubuque, Fayette, Grundy, Henry, Iowa, Jackson, Jasper, Jefferson, Jones, Johnson, Keokuk, Linn, Louisa, Madison, Mahaska, Marion, Marshall, Muscatine, Polk, Poweshiek, Scott, Story, Tama, Warren, Washington, and Wapello.

Collins CCU also offers membership to,

Any existing member’s parents, children, grandparents, grandchildren, brothers, sisters,
great grandparents, great grandchildren, aunts, uncles, nieces, and nephews may join
Collins Community Credit Union regardless, if they’re related by marriage or blood.

Joining Collins CCU and/or opening a 19-month Certificate Special can be done online, or in person at any of 14 branches located in Cedar Falls, Cedar Rapids (7), Des Moines (2), Dubuque, Iowa City, Marion, and North Liberty.

Credit Union Overview

Collins Community Credit Union (NCUA Charter # 62969) has an overall health grade of "A" at DepositAccounts.com, with a Texas ratio of 3.46% (excellent), based on March 31, 2016 data. In the past year, Collins CCU has increased its total deposits by $32.84 million, an excellent annual growth rate of 4.59%. Please refer to our financial overview of Collins Community Credit Union for more details.

Collins Community Credit Union’s origins can be traced back to 1932 when Arthur Collins, a ham operator, founded The Collins Radio Company. Collins CCU was founded in 1940 by ten Collins Radio employees who recognized the need for an alternative financial institution. In May 2014, Federal Employees Credit Union (Des Moines) voted to merge with Collins CCU, and in July 2014, the merger was complete. As a result of that merger, Collins CCU is currently the 4th largest credit union in Iowa, with over 68,900 members and assets in excess of $936 million.

How the CD Compares

When compared to the 260 similar length-of-term CDs tracked by DepositAccounts.com available to Iowa residents, Collins Community Credit Union’s 19-month Certificate Special APY currently ranks first, regardless of minimum deposit.

The above rates are accurate as of 8/5/2016.

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

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