Collins CCU Adds New 19-Month Certificate Special


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The penalty we may impose will equal 180 days interest on the amount withdrawn.


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, 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 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.

Collins Community CU (IA) Adds Three CD Specials
Availability: Residents of 38 eastern Iowa counties

As of this week, Collins Community Credit Union’s (Collins CCU) 75th Anniversary Certificate Specials are no longer available, but in their stead, Collins CCU has added three new Certificate Specials that have tiered APYs.

The minimum opening deposit for any of the Certificate Specials is $1K and there are no balance caps.

All of the Certificate Specials have tiered APYs, based on the following deposit levels:

Interest RateCD Length of TermDeposit Level
1.05% APY10-Month Certificate Special$1K+
1.11% APY10-Month Certificate Special$10K+

Continue Reading
Collins Community CU (IA) Celebrates 75 Years With CDs
Availability: Residents of 31 eastern Iowa counties

Earlier this month, Iowa’s Collins Community Credit Union (Collins CCU) added a 62-month CD 75th Anniversary Special, with APYs ranging from 2.40% to 2.60% based on the deposit balance.

This is a limited time offer, but no specific end date is state on the Collins CCU’s website. The minimum opening deposit is $1K, with no balance cap.

The current APYs for the 62-month CD 75th Anniversary Special are as follows:

  • 2.40% - $1K+ balance
  • 2.45% - $10K+ balance
  • 2.50% - $50K+ balance
  • 2.55% - $100K+ balance
  • 2.60% -...

Continue Reading
Collins Community CU (IA) Offers Competitive 40-Month Tiered CD Special

UPDATE October 9, 2014: Rates have been raised.

  • 2.02% APY (<>
  • 2.07% APY (<>
  • 2.12% APY (<>
  • 2.17% APY (<>
  • 2.22% APY ($250K+)

Collins Community Credit Union (IA) has raised the rates on its 40-month Tiered CD Special to very attractive levels. This CD is also available as an IRA (Traditional and Roth). This 40-month Tiered CD Special requires a minimum $1K deposit to open and there is no maximum balance cap.

According to Collins Community Credit Union's Truth In Savings Disclosure , the Early Withdrawal Penalty is as follows:...

Continue Reading
Competitive CD Rates at Collins Community Credit Union in Iowa - Local Only

If you're a saver in Iowa, you are fortunate. Banks and credit unions in Iowa offer some of the best deposit rates in the country. One credit union that's on this list is Collins Community Credit Union. It's offering special CDs with some very competitive rates. The best one is the 1-year CD which has a top rate of 1.51% APY for a $250K minimum deposit. The rates are still competitive for smaller balances. Some of these include 1.36% APY for a $10K minimum and 1.46% APY for a $100K...

Continue Reading