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.

In a Live Chat, a very helpful CSR stated that the Early Withdrawal Penalty for the 6-month CD Special is "90 days worth of interest."


Headquartered in Ottumwa, Iowa, Community 1st Credit Union membership eligibility is residency based, with individuals who live or work in 57 southern Iowa counties and 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 opening a checking or savings account can be done online, but opening a CD requires a visit to any of the 16 Iowa branches located in Albia, Amana, Bloomfield, Cedar Rapids, Centerville, Chariton, Fairfield, Grinnell, Indianola, Mount Pleasant, Oskaloosa, Ottumwa (3), Pella, and Washington.

Credit Union Overview

Community 1st Credit Union (NCUA Certificate # 68510) has an overall health grade of "B+" at, with a Texas ratio of 5.02% (excellent), based on June 30, 2015 data. In the past year, C1st increased its total deposit by $17.14 Million, an excellent annual growth rate of 3.74%. Please refer to our financial overview of Community 1st Credit Union 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, and in 2006,

Deere Community Federated 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.

Today, Community 1st Credit Union is Iowa’s 6th largest credit union with 53,600+ members and assets in excess of $534 Million.

How the CD Compares

When compared to the 302 similar length-of-term CDs tracked by, requiring a similar minimum deposit and available to Iowa residents, Community 1st Credit Union’s 6-Month CD Special currently ranks first.

The above rates are accurate as of 10/7/2015.

To search for nationwide CD rates and CD rates in your state, please refer to the CD rates section of

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...

Continue Reading

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.