Community First Credit Union (CA) Adds Limited-Time 24-Month CD Special


Deal Summary: 24-month CD Special, 1.22% APY, $1k minimum deposit

Availability: Five California North Bay counties

The banner on the Community First Credit Union (CFCU) home page says it all:

IT’S TWOS-DAY: 2/22/22. 24-MONTH CD @ 1.22%

Now through February 28, 2022, CFCU is offering a 24-month CD Special earning 1.22% APY. The minimum opening deposit is $1k, with no stated balance cap.

The 24-month CD Special is also available as an IRA CD Special (Traditional, Roth) earning the same APY with the same deposit requirements.

According to CSR, partial withdrawals are not allowed, only an early closure. The early withdrawal penalty is 1% of all accrued interest at the time of the early closure.

Funding can be done through ACH, wire transfer, or check. CFCU participates in the CO-OP Shared Branch network, making the transfer of funds relatively easy. Maturing funds will be distributed by cashier’s check or transferred into a CFCU savings/checking account. There is a 10 day grace period before a CD automatically renews.


Headquartered in Santa Rosa, California, Community First Credit Union’s field of membership (FOM) is community-based, with individuals who live, work, worship, or attend school in the northern California counties of Lake, Marin, Mendocino, Napa, or Sonoma eligible to join.

Immediate relatives of any one who qualifies for membership are also eligible join.

Joining CFCU and/or opening a CD Special must be done at any of the 11 northern California branches located in Clearlake, Fort Bragg, Guerneville, Healdsburg, Lakeport, Napa, Novato, Santa Rosa (2), Sebastopol, and Ukiah. Appointments are available and can be scheduled online. CFCU’s online banking platform is limited to account management and bill payment services.

You'll need $25 to open your account, plus identification with proof of residence.
There's a one-time $5 Membership fee. That's it! Just $5, just once.

CFCU participates in both the CO-OP Shared Branch network and ATM network, giving member access to more than 7,200 shared branches and more than 34,000 surcharge-free ATMs nationwide.

Credit Union Overview

Community First Credit Union has an overall health grade of "A" at, with a Texas Ratio of 3.29% (excellent) based on September 30, 2021 data. In the past year, CFCU has increased its total deposits by $104.27 million, an excellent annual growth rate of 18.45%. Please refer to our financial overview of Community First Credit Union (NCUA Charter # 61667) for more details.

Chartered in 1959, Community First Credit Union was originally known as Mendo Lake Credit Union and was,

founded by seven LOCAL teachers who were denied home loans by banks (back in the day, teachers weren't paid in summer months, and bankers decided teachers weren't smart enough to save up for those months).

Currently the 73rd largest credit union in California, Community First Credit Union has more than 60,000 members and assets in excess of $741 million.

How the 24-Month CD Special Compares

When compared to similar length-of-term CDs tracked by that are available within the FOM and have minimum deposit requirements of $10k or less, two banks and three other credit unions have a higher rate than offered on the Community First Credit Union 24-month CD Special. The following table compares the CFCU 24-month CD Special to the two highest-rate CDs from other credit unions and the two highest-rate CDs from banks.

The above information and rates are accurate as of 2/23/2022.

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

Related Pages: San Francisco Bay CD rates, 5-year CD rates


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.