Deere Employees CU Offers Competitive Long-Term CDs


Availability: Employees and retirees of Deere & Company, and their family members

Deere Employees Credit Union (Deere Employees CU) has two competitive, long-term Share Certificates: 48-month (2.30% APY) and 60-month (2.65% APY). The minimum deposit for either Share Certificate is $500, with no balance cap.

The 48- and 60-month Share Certificates are available as IRAs (Traditional, Roth, and CESA) earning the same APYs, with the same funding requirements.

Both Share Certificates were added to the product line in early 2011 with great rates (48-month, 2.47% APY; 60-month, 2.96% APY) that only lasted for about two months. The 60-month Share Certificate experienced an amazing 215 basis point rate hike in late 2014 and has remained competitive since then. The 48-month Share Certificate reached its current APY in April of this year.

According to CSR, the Early Withdrawal Penalty for the 48-month Share Certificate is 90 days interest, and 180 days interest for the 60-month Share Certificate.


Headquartered in Moline, Illinois, Deere Employees Credit Union’s field of membership is limited to employees and retirees of Deere & Company, and their family members (spouse, parents, siblings, and children).

Deere Employees CU is the 10th largest credit union in Illinois, with nearly 32,000 members and assets in excess of $781 million.

At this time, Deere Employees CU’s online platform is limited to account management and bill payment services, and while there is an "Online Membership Application", it merely starts the application process.

After we have received your application, we will review it for qualification.
If qualified to be a member, one of our experienced Member Service
Representatives will call you to set up the account in your specifications.

Opening a Share Certificate must be done in person at any of 18 branches, the majority of which are in Iowa: Ankeny, Davenport, Dubuque, Johnston, Ottumwa, Waterloo (5). There are also four Illinois branches (Quad Cities), and single branches in Grovetown, Georgia; Fargo, North Dakota; Greer, South Carolina; and Horicon, Wisconsin.

Credit Union Overview

Deere Employees Credit Union (NCUA Charter # 68598) has an overall health grade of "A" at, with a Texas Ratio of 1.55% (excellent) based on March 31, 2016 data. In the past year, Deere Employees CU has increased its total deposits by $61.82 million, an excellent annual growth rate of 9.7%. Please refer to our financial overview of Deere Employees Credit Union for more details.

Founded in 1935, Deere Employees Credit Union was originally known as Deere & Company Credit Union. There were several Mid-West credit unions formed to serve the employees of Deere & Company – all of which had “Deere” in their names. In 2005, Deere & Company requested that the Credit Unions change their names to “avoid trademark confusion.” In a January 2005 Credit Union Times article,

Only Moline, Illinois-based Deere & Company CU will be permitted to retain some reference to Deere, because it has not expanded its field of membership and is focused solely on John Deere employees.

How the CDs Compare

When compared to the 172 similar length-of-term CDs tracked by, which require a similar minimum deposit and are available to residents of the greater Quad Cities area, Deere Employees Credit Union’s 48-month Share Certificate APY currently ranks first.

When compared to the 173 similar length-of-term CDs tracked by, which require a similar minimum deposit and are available to residents of the greater Quad Cities area, Deere Employees Credit Union’s 60-month Share Certificate APY currently ranks first.

The above rates are accurate as of 6/22/2016.

To look for the best nationwide CD rates and the best CD rates in your state, please refer to our CD rates table or our new Rates Map page.


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.