Last week, Community First Credit Union (Community First) unveiled a 16-month CD Special, which earns 2.30% APY. This limited-time offer requires a minimum deposit of $10k, with no stated balance cap.
|2.30%||$10k||-||Community First Credit Union (WI)||16 Month CD Special|
|2.30%||$10k||-||Community First Credit Union (WI)||16 Month IRA Special (Traditional, Roth, CESA)|
The CD Special is also available as an IRA (Traditional, Roth, and CESA) earning the same APY, with the same funding requirements.
I’m not sure what the Early Withdrawal Penalty (EWP) is. In the past, CSR stated that the EWP for 15-month and 17-month CDs was 180 days interest, with partial withdrawals permitted. This week CSR said the EWP was “unknown, because many factors go into the EWP, like when the withdrawal occurs, how long the CD has been opened, and how much is being withdrawn.”
Dividends are compounded/credited monthly and can be added back into the CD, transferred to another Community First account, or a check can be mailed to the address on file.
Headquartered in Appleton, Wisconsin, Community First Credit Union’s field of membership (FOM) is residency based, with individuals who live, work, or attend school in the Wisconsin counties of Brown, Calumet, Fond du Lac, Green Lake, Kewaunee, Manitowoc, Oconto, Outagamie, Shawano, Sheboygan, Waushara, Waupaca, or Winnebago, eligible to join.
Joining Community First must be done in-person at any of 25 Wisconsin branches located in Appleton (7), Bellevue, De Pere, Green Bay, Greenville, Kimberly, Manitowoc, Menasha (2), Neenah (4), New London, Nichols, Oshkosh (2), Two Rivers, and Waupaca.
Current Community First members can open a CD Special by phone (920.830.7200 or 866.273.2328), by using the Online Banking platform, or at any of the above mentioned branch locations.
Your Community First Regular Savings account establishes your Community First membership. A $5 minimum deposit gives you a share of ownership and access to all benefits of credit union membership.
Credit Union Overview
Community First Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 1.51% (excellent) based on September 30, 2019 data. In the past year, Community First has increased its total non-brokered deposits by $256.85 million, an excellent annual growth rate of 10.34%. Please refer to our financial overview of Community First Credit Union (NCUA Charter # 66642) for more details.
While most credit unions owe their existence to groups of people with common bonds joining forces, Community First Credit Union seems to have been single-handedly established by Maurice Dresang. In 1953, Dresang organized the Outagamie County Credit Union and was subsequently asked to manage the Zwickernit Credit Union in 1966, and the Postal Employees Credit Union in 1969. In 1970, Dresang brought all three credit unions under one roof at the Appleton Credit Union Service Center.
The Appleton Area Credit Union (composed of Outagamie, Zwikernit and Postal Employees CUs) obtained a charter in 1975 and merged with the 13 Service Center credit unions in less than three years. The Community First Credit Union re-brand occurred in 1983. As Wisconsin’s third largest credit union, Community First currently has more than 138,600 members and assets in excess of $3.2 billion.
How the CD Special Compares
When compared to 205 similar length-of-term CDs tracked by DepositAccounts.com that require a minimum deposit of $10k or less and are available within the FOM, Community First Credit Union's 16-month CD Special APY currently ranks second.
|Interest Rate||CD Length of Term||Credit Union/Bank|
|2.50% APY||15-Month Share Certificate Special ($10k min)||NASA Federal Credit Union|
|2.30% APY||16-month CD Special ($10k min)||Community First Credit Union|
|2.27% APY||15-Month CD Special ($2.5k min)||State Bank of India (IL)|
The above rates are accurate as of 1/15/2020.
Looking for the best CD rates, either nationwide or state-specific? Please refer to our CD Rates Table page.