First Citizens' FCU (MA) Has 6-Month Rate Guarantee On MMA


Availability: Residents of Barnstable, Bristol, Dukes, Nantucket, Norfolk, and Plymouth Counties, Massachusetts

First Citizens’ Federal Credit Union (First Citizens’) recently began offering a 6-month guaranteed APY of 1.00% on its Elite Choice Money Market.

While the Elite Choice Money Market normally has tiered-APY levels based on balance levels, the 6-month guaranteed 1.00% APY applies to all levels. The minimum opening deposit is $2.5K and there is no monthly service charge.

Complete details can be found in the Disclosures document.


Headquartered in Fairhaven, First Citizens’ Federal Credit Union offers membership to individuals who live, work, worship, attend school, or regularly conduct business in the following Massachusetts counties:

Barnstable, Bristol, Dukes, Nantucket, Norfolk, and Plymouth.

Joining and/or opening an Elite Choice Money Market account can be done online, or at any of 13 Massachusetts branches located in East Wareham, Fairhaven (2), Falmouth, Hyannis, Mashpee, Mattapoisett, New Bedford (3), Orleans, Raynham, and Tauton.

Credit Union Overview

First Citizens’ Federal Credit Union (NCUA Certificate #24254) has an overall health grade of "A" at, with a Texas ratio of 4.21% (excellent) based on September 30, 2015 data. In the past year, First Citizens’ has increased its total deposits by $30.21 Million, an excellent annual growth rate of 6.33% APY. Please refer to our financial overview of First Citizens’ Federal Credit Union for more details.

Organized in 1937, First Citizens’ Federal Credit Union was first known as the Bristol Credit Union, which served the residents of Bristol County. As a result of a field of membership expansion, the name was changed to Citizens’ Credit Union, and following the conversion to a Federal Charter, First Citizens’ Federal Credit Union came into being. In the past 65+ years, First Citizens’ has grown from a modest $200K institution in 1950 to a credit union with branches throughout Cape Cod, with assets in excess of $664 Million.

How the Elite Choice Money Market Compares

When compared to the 303 Money Market Accounts tracked by that are available to Massachusetts residents, First Citizens’ Federal Credit Union's Elite Choice Money Market APY currently ranks fourth.

The above rates are accurate as of 12/15/2015.

To look for the best nationwide MMA rates and the best MMA rates in your state, please refer to our Money Market Accounts rates table.

Anon (anonymous)   |     |   Comment #1
Just a bit of a heads up about FCFCU.  I've found that this credit union is more trouble than it's worth unless you intend to make use of the tellers/ATM on a regular basis.  I've been locked out of my online account multiple times for no obvious reason and I've had my checking account go into a dormant mode since I didn't make an ATM or teller-initiated transaction for a six month period (billpay or ACH transfers don't count).  IMO Alliant and Penfed are far superior unless you are looking for a local credit union.