Family First Federal Credit Union Has Money Market Special, 2.50% APY


Deal Summary: Money Market Special, 2.50% APY on balances of $10k+, rate guaranteed for six months.

Availability: Residents of New York’s Monroe County and the Wayne County towns of Macedon, Ontario, and Walworth.

Family First Federal Credit Union (Family First) is currently promoting a Money Market Special that guarantees a 2.50% APY for six months following account opening. When the six-month period has ended, the Money Market account will convert to the standard tiered APYs, which are currently 0.40% APY ($25k+), 0.45% APY ($100k+), and 0.50% APY ($500k+).

This limited-time offer requires a minimum opening deposit of $10k, which is also the minimum balance required to earn the stated APY. Should the end-of-day ledger balance for any day during the monthly cycle drops below $10k, no dividends will accrue for that month.

1.50%$10k-Family First Federal Credit Union (NY)Money Market Special - New Money
Rates as of September 18, 2019.

According to the Truth-in-Savings disclosure, there are several transaction limitations including,.

No checks may be processed against this account. If attempted, they will reject and a fee may be charged.

During any statement period, no more than three withdrawals may be made to another Credit Union account or a third party by means of pre-authorized or automatic transfer, telephone order, or written instruction.

Any transaction that exceeds the transfer limitations or reduces the balance below $10,000.00, subjects the account to closure and fees.

CD Special

As DA reader, Carpline, mentioned in a Forum post, Family First has added a limited-time 8-month CD Special, which earns 2.75% APY. The minimum deposit is $500, with no stated balance cap. While Family First Jumbo CDs ($100k+) earn an additional 0.15%, that option is not available for the 8-month CD Special.

The 8-month CD Special is also available as an IRA (Traditional and Roth), earning the same APY with the same funding requirements.

As stated in the Truth-in-Savings disclosure, the Early Withdrawal Penalty reads as follows:

Certificates of a term less than 12 (twelve) months
will have a penalty of 90 days of dividends imposed.


Headquartered in Rochester, New York, Family First Federal Credit Union’s field of membership (FOM) is residency based, with individuals who live, work, worship, or attend school in Monroe County or the Wayne County towns of Macedon, Ontario, or Walworth, eligible for membership.

Immediate family members (spouse, child, sibling, parent, grandparent, or grandchild, including step- and adoptive) and household members of membership-eligible individuals are also welcome to apply.

Joining Family First and/or opening a Money Market Special account or a CD requires an in-person visit to any of five New York branches located in East Rochester, Rochester (3), and Webster.

Credit Union Overview

Family First Federal Credit Union has an overall health grade of "A" at, with a Texas ratio of 3.39% (excellent) based on December 31, 2018 data. In the past year, Family First increased its total non-brokered deposits by $11.88 million, an excellent growth rate of 7.81%. Please refer to our financial overview of Family First Federal Credit Union (NCUA Charter # 19304) for more details.

Family First Federal Credit Union was established in 1969 as the Penfield Central Federal Credit Union, for the benefit the Penfield Central School District employees. For more than 30 years, the FOM remained primarily education affiliated, but in 2002 the Credit Union converted to its current community charter. With a member base that now extended far beyond the original locale, a name was chosen that was not descriptive of one area, but based on its philosophy of putting the "Family First." Family First is currently New York’s 48th largest credit union, with more than 15,600 members and assets in excess of $218 million.

How the Money Market Special Compares

When compared to 197 Money Market accounts tracked by that are available within the FOM, Family First Federal Credit Union’s Money Market Special APY currently shares the top spot with money market APYs offered by All America Bank, Redneck Bank, and Western State Bank.

To search for the best MMA rates, both nationwide and state specific, please refer to our Money Market Accounts Rates Table page.

How the CD Special Compares

When compared to 207 similar length-of-term CDs tracked by that require a similar minimum deposit and are available within the FOM, Family First Federal Credit Union's 8-month CD Special APY currently ranks second.

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

The above rates are accurate as of 3/7/2019.

Related Pages: Rochester money market accounts, money market accounts, 1-year CD rates

Family First FCU Money Market Platinum Has 6 Month Rate Guarantee
Availability: Residents of New York’s Monroe County and the Wayne County towns of Macedon, Ontario, and Walworth.

Family First Federal Credit Union’s (Family First) is offering a Bonus Rate of 1.25% APY on its Money Market Platinum account, guaranteed through June 2017. Deposits of $100k - $250k will earn the stated Bonus Rate, with deposits between $10k and $99,999.99 earning 1.00% APY.

All deposits made during the Bonus Period (now through June 2017) must be new money, which is defined as “funds not on deposit at Family First in...

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The minimum opening deposit is a low $500 and there is no maximum balance cap. This 14-month CD Specials is also offered as an IRAs (Traditional, Roth and CESA) with the same...

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Late last week, Family First of NY Credit Union (FFNYCU) unveiled two new CD Specials: a 22-month CD (2.00% APY) and an 11-month CD (1.00% APY).

These CD Specials are also offered as IRAs (Traditional, Roth and CESA) and both have a $500 minimum opening deposit, with no maximum balance cap.

According to FFNYCU’s "Truth In Savings Disclosure" page, the Early Withdrawal Penalty is as follows:


Membership in Family First of NY Credit Union is residency based, with the field of membership (FOM)...

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