For the past six years, Community First Credit Union (Community First) has been offering competitive limited-time CD Specials. The current offering is a 15-month CD Special and 20-month CD Special, both earning 1.00%. These limited-time offers require a minimum deposit of $10k, with no stated balance cap. While there is no end-date specified, Community First CD Specials have historically been available for several weeks.
Both CD Specials are also available as IRAs (Traditional, Roth, and CESA) earning the same APY, with the same funding requirements.
Note: If you look at the drop-down box listed under “Details,” it looks like both CD Specials have just experienced substantial rate drops. The software that tracks rates captures the current APY without taking into account any breaks of product availability. For example, while the 20-month CD Special had a 1.60% APY in July 2020, it hasn’t been part of the product for more than a year. When it recently became available, the software automatically plugged in the new rate into the already existing 20-month CD Special rate history, skewing the continuity of the APYs.
According to CSR, the Early Withdrawal Penalty (EWP) for 15-month and 20-month CDs is 180 days interest, with partial withdrawals permitted.
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.
Maturing funds will be distributed through a check or transferred into an existing Community First checking or savings account.
Community First also has a long-term non-special CD that deserves a mention. The 5-year CD currently earns 1.30% APY and can be opened with a $1k minimum deposit. The 5-year IRA CD also earns 1.30% APY, with a minimum $1k opening deposit. The EWP is 180 days on the amount being withdrawn.
|1.30%||$1k||-||Community First Credit Union (WI)||5 Year CD|
|1.30%||$1k||-||Community First Credit Union (WI)||5 Year IRA (Traditional, Roth, CESA)|
In early 2019, the 5-year CD offered a “wow-worthy” 3.25% APY. In a series of ten rate drops beginning in July 2019, the 5-year CD lost 195 bps, but has remained competitive in the falling rate climate.
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 and/or opening a CD Special can be done in-person at any 20 Wisconsin branches located in Appleton (6), Bellevue, De Pere, Green Bay, Greenville, Kimberly, Manitowoc, Menasha, Neenah (3), Nichols, Oshkosh (2), and Waupaca. Appointments can be scheduled by calling the appropriate branch location.
According to CSR, joining Community First can also be done by calling 920.830.7200. After a new membership is approved, opening a CD Special can be done by phone or by special appointment.
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 by scheduling an in-branch appointment.
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 0.85% (excellent) based on June 30, 2021 data. In the past year, Community First has increased its total non-brokered deposits by $701.87 million, an excellent annual growth rate of 21.45%. 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 fourth largest credit union, Community First currently has more than 147,000 members and assets in excess of $4.6 billion.
How the CD Specials Compare
When compared to 208 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 15-month and 20-month CD Special APYs share the top spot with USALLIANCE Financial’s 18-month Certificate Special APY and BCU’s 18-month CD Special APY.
How the 5-Year CD Compares
When compared to 236 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Community First Credit Union's 5-year CD APY ranks second.
The above information and rates are accurate as of 9/17/2021.
Looking for the best CD rates, either nationwide or state-specific? Please refer to our CD Rates Table page.