Competitive CD Rates Continue at First American Credit Union in AZ & NM


1.25%$1k-First American Credit Union60 Month Share Certificate
0.75%$1k-First American Credit Union36 Month Share Certificate
0.50%$1k-First American Credit Union12 Month Share Certificate
Rates as of August 13, 2020.

First American Credit Union continues to offer very competitive CD rates especially for minimum deposits of $50,000. Some of these include a 2.52% APY 5-year CD, 1.76% APY 3-year CD and a 1.26% APY 1-year CD. These rates are listed in the credit union's rates page as of 11/29/2011. This page has some old dates, but according to the credit union rep, these rates are still valid.

The credit union doesn't provide many details about its field of membership. In its How To Join page, it just says "All it takes to join First American Credit Union is an opening deposit of just $5. You can join at any branch."

A reader was kind enough to email me what she found out from two calls to the credit union. She said that they claim to have no requirements for joining, and that accounts can be opened long distance with an application and notarized signature.

The reader also found out about some account details. According to the credit union representative, the penalty for early withdrawal of CDs with terms over 6 months is 3 months of dividends. Business accounts are also available with proper documentation.

First American Credit Union branches are located in Casa Grande and Window Rock, Arizona and in Gallup, New Mexico. Casa Grande is about 25 miles south of Phoenix.

The credit union has an overall health score at of 5 stars (out of 5) with a Texas Ratio of 2.00% (excellent) based on September 2011 data. Please refer to our financial overview of First American Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 64412).

How These CD Rates Compare

There are a few credit unions which are available in all states that have higher 5-year CD rates. The highest rate is 2.83% APY at Velocity Credit Union (scheduled to end on 11/30/2011).

The best nationally available 1-year CD rate without a checking relationship is 1.15% APY. This is available at three institutions, but the best deal is at CIT Bank since it has an add-on and bump-up option.

These rates are accurate as of 11/29/2011.

Searching for the Best CD Rates

To search for nationwide CD rates and CD rates in your state, please refer to the best CD rates section of

Related Pages: First American Credit Union, Phoenix, Tucson, Albuquerque, CD rates

  |     |   Comment #1
I just spoke to Christina at the Gallup office.

She was not very knowledgeable, but she said they only take deposits from NM and AZ.

Not sure if this is accurate.  I am going to call the main office on Monday.

P.S. It would be nice if these financial institutions trained their staff in basic knowledge of their institutions and the products they offer.
Top Arizona CD Rates at First American Credit Union

It's hard to find decent CD rates anywhere in the country, but it's especially hard in Arizona. I found one credit union in Arizona with a branch in the Phoenix metro area that continues to offer some competitive rates. First American Credit Union's most competitive rate is its 5-year CD with a 2.52% APY for a minimum deposit of $50K (2.37% APY for $1K minimum). The 1-year CD is also fairly competitive with a 1.26% APY for a $50K minimum. These rates are listed in the credit union's rates page...

Continue Reading

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.