Community 1st Credit Union Offers 18-Month CD Special, 3.00% APY


Deal Summary: 18-month Bump-Up CD Special, 3.00% APY, $1k min/$250k max deposit, one-time rate increase option.

Availability: Residents of 57 southern Iowa counties and eight northeastern Missouri counties.

Iowa-based Community 1st Credit Union (C1st) is currently offering 3.00% APY on its Bump-Up 18-month CD Special. Unlike the majority of C1st CDs, the 18-month Special does not have tiered APYs. The minimum opening deposit is $1k, with a balance cap of $250k.

As stated in the fine print on the Checking & Savings Rates page, the

Bump-Up certificate account features the option to make a one -time request to increase your dividend rate and APY to the rate currently in effect for accounts of this type with the same term (18 month certificate account).

According to CSR, the Early Withdrawal Penalty is 180 days of interest. Partial withdrawals are not permitted – only an early closure.

Kasasa Cash

Since I last wrote about C1st, the Credit Union has added the Kasasa brand to its product line. The Kasasa Cash account earns 3.00% APY on qualifying balances up to $15k. Qualifying balances over $15k earn 0.15% APY, with non-qualifying balances earning 0.03% APY.

The statement cycle qualifying requirements are straightforward and easily met:

  • At least 12 debit card (non-ATM) transactions
  • Be enrolled in and log into online banking at least once per cycle
  • Be enrolled in and receive eStatements


Headquartered in Ottumwa, Iowa, Community 1st Credit Union’s field of membership (FOM) is residency based, with individuals who live or work in any of 57 southern Iowa counties or eight northeastern Missouri counties eligible to join.

A complete listing of those counties can be found on C1st's Who Can Join page.

Joining C1st and/or opening a Kasasa Cash account can be done online, or at any of the 16 Iowa branches located in Albia, Bloomfield, Cedar Rapids, Centerville, Chariton, Fairfield, Grinnell, Indianola, Knoxville, Mount Pleasant, Oskaloosa, Ottumwa (3), Pella, and Washington.

While there is an “Apply for a Certificate Account” button on the Checking & Savings Rates page, it leads to a Contact Me form, which collects basic personal information. Following submission, C1st will contact you to begin the opening process. CDs can also be opened at any of the above-mentioned branch locations.

A Regular Share Savings account must be opened with a $5 minimum deposit to establish a new C1st membership.

Credit Union Overview

Community 1st Credit Union has an overall health grade of "B+" at, with a Texas Ratio of 11.29% (above average), based on December 31, 2018 data. In the past year, C1st increased its total non-brokered deposits by $19.13 million, an excellent annual growth rate of 3.58%. Please refer to our financial overview of Community 1st Credit Union (NCUA Certificate # 68510) for more details.

Community 1st Credit Union was originally chartered in 1936 as the Dain Employees Federal Credit Union. (Dain Manufacturing Company was the oldest and largest exclusive hay tool manufacturing concern in existence.) The Credit Union’s name was changed to Deere Employees Federal Credit Union in 1948, as Dain Manufacturing had become part of the John Deere family of businesses. In 1988, the "Employees" part of the name was dropped and "Community" added, when membership was opened community-wide. In 2006,

Deere Community Federal Credit Union changed their name to Community 1st Credit Union to reflect the field of membership they served, the growth into many different communities and to send the message that membership is open to all of the community.

Community 1st Credit Union is currently Iowa’s 7th largest credit union with more than 56,700 members and assets in excess of $650 million.

How the Bump-Up CD Special Compares

When compared to the similar length-of-term CDs tracked by, which require a similar minimum deposit and are available within the FOM, Community 1st Credit Union’s 18-Month Bump-Up CD Special APY currently shares the top spot with three nationally available 18-month CD APYs.

The above rates are accurate as of 4/18/2019.

Searching for the best CD, either nationwide or state-specific? Please refer to’s CD Rates Table page.

Related Pages: Ottumwa checking accounts, Cedar Rapids checking accounts, Des Moines checking accounts, Davenport checking accounts, reward checking accounts, 1-year CD rates

  |     |   Comment #1
Thanks for the info. -Definitely came in handy today. :)
Community 1st CU (IA) Adds Competitive 6-month CD Special
Availability: Residents of 57 southern Iowa counties and eight northeastern Missouri counties.

At the beginning of the week, Community 1st Credit Union (C1st) introduced three CD Specials: 6-month CD (2.00% APY), 9-month CD (up to 1.20% APY) and 18-month CD (up to 1.50% APY).

Of the three, the 6-month CD Special is the most competitive, as it only requires a minimum deposit of $500 of new money, while the 9- and 18-month CDs require a minimum $250K to earn the highest stated APY.

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Top CD Rates at Community 1st Credit Union in IA & MO - Local Only

Iowa is one of the best states for savers. Several Iowa credit unions offer top deposit rates. I found another one of these, but it's also available in parts of Missouri. It's Community 1st Credit Union. The best deals are its long-term CDs and IRA CDs. These include a 2.10% APY 5-year CD, a 1.90% APY 4-year CD and a 1.70% APY 3-year CD. Minimum deposit is $50,000. The rates are 10 bps lower for a $500 minimum deposit. These rates are listed in the credit union's rates page as...

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