Education First Credit Union (OH) Offers Competitive 30-Month CD Special


Deal Summary: 30-month CD Special, 5.25% APY, $500 minimum deposit.

Availability: Seven Central Ohio counties; current/retired Ohio school employees.

The Education First Credit Union (Education First) product line includes two CD Specials: 30-month (5.25% APY) and 14-month (5.00% APY). Of the two, the 30-month CD Special offers the more competitive rate. The minimum opening deposit is $500, with no stated balance cap. As noted in the CD Specials landing page, these are a "Limited time offer. Available for new and existing money."

Excess Share Insurance

In addition to NCUA insurance, Education First offers Excess Share Insurance.

Federal Insurance coverage of your funds with the credit union is guaranteed up to $250,000. But we go even a step further, by providing every account with Excess Share Insurance for another $250,000 through ESI. Deposits are therefore insured up to $500,000 with combined Federal & Private Insurance.


Headquartered in Columbus, Ohio, Education First Credit Union’s field of membership (FOM) is both community-based and industry-affiliated.

Individuals who live, work, worship, or attend school in the Ohio counties of Delaware, Fairfield, Franklin, Licking, Madison, Pickaway, or Union (Columbus Metropolitan Statistical Area) qualify for membership.

All current and retired Ohio school employees are also eligible to join, as are those attending an Ohio college or university.

Immediate family members of a current Education First member are welcome to apply. “Immediate family” is defined as spouse, parents, siblings, children, grandparents, grandchildren, including in-law and step- relationships.

Account Opening

Joining Education First and/or opening a 30-month CD Special can be done online, or at either of two full-service Ohio branches, both located in Columbus.

To start your membership at the credit union, a minimum deposit of $5.00 must be made into your Share Savings Account. No monthly access fees are associated with the Account, and you earn dividends on balances over $200.00.

Funding and Other Particulars

The following information is from a conversation with CSR.

  • Funding – ACH, wire ($20 fee), or internal transfer.
  • Ownership – Individual, joint, or trust.
  • CO-OP Shared Branch Participant – Yes.
  • Early Withdrawal Penalty – 180 days on amount withdrawn, with partial withdrawals allowed; any withdrawal made within 180 days of account opening will reduce the principal.
  • Dividends – Compounded/credited monthly and cannot be withdrawn penalty free.
  • Maturing Funds – Cashier’s check to address on file or internal transfer to an Education First Share Savings account.
  • Beneficiaries – Unlimited, with equal shares; Social Security numbers are required.
  • Grace Period – 10 calendar days before automatic renewal as a 24-month CD.
  • Credit Check – Hard pull though Transunion.

Credit Union Overview

Education First Credit Union currently has an overall health grade of "B" at, with a Texas Ratio of 9.43% (excellent) based on June 30, 2023 data. In the past year, Education First’s total non-brokered deposits decreased by $-3.66 million, a below average annual growth rate of -2.95%. Please refer to our financial overview of Education First Credit Union (NCUA Charter # 68447) for more details.

Established in 1936, Education First Credit Union’s founding members were a small group of teachers employed by Columbus City Schools system. Education First is a small credit union, with 12,500 members and assets of $142 million, but the potential for substantial growth is quite possible: the expanded FOM now includes the Columbus Metropolitan Statistical Area (MSA), the second largest MSA in Ohio, with a population of more than 2.1 million.

How the 30-Month CD Special Compares

When compared to similar length-of-term CDs tracked by which are available nationwide, have fixed rates, and have minimum deposit requirements of $10k or less, one bank and one credit union have higher rates than currently offered on the Education First Credit Union 30-month CD Special. The following table compares the 30-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 12/4/2023.

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

Related Pages: Columbus 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.