First Commerce Credit Union (FL/GA) 4-Year CD Remains Competitive


Deal Summary: 4-year CD, 1.50% APY, $1k minimum deposit.

Availability: 21 Florida and 10 Georgia counties.

Florida-based First Commerce Credit Union (First Commerce) is currently offering 1.50% APY on its 4-year CD. The minimum opening deposit is $1k, with no stated balance cap.

All First Commerce CDs are also available as IRA CDs (Traditional, Roth, CESA, SEP), earning the same APYs with same deposit requirements.

A year ago, the 4-year CD was earning 2.75% APY. Compared to today’s rates for 4-year CDs, 2.75% APY looks great, but 4-year rates in the July 16, 2019 CD Summary ranged from 3.07% APY to 3.60% APY. Between August 2019 and March 2020, First Commerce's 4-year CD experienced four rate drops, lowering the APY by 125 bps.

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

Terms of over 12 months – 365 days’ dividends


Headquartered in Tallahassee, Florida, First Commerce Credit Union’s field of membership (FOM) is primarily residency based, with individuals who live or work in any of 21 Florida Panhandle counties or ten Georgia counties, eligible to join.

Florida counties: Baker, Calhoun, Columbia, Dixie, Franklin, Gadsden, Gilchrist, Gulf, Hamilton, Holmes, Jackson, Jefferson, Lafayette, Leon, Liberty, Madison, Suwannee, Taylor, Wakulla, Walton, or Washington.

Georgia counties: Atkinson, Berrien, Brooks, Clinch, Colquitt, Cook, Lanier, Lowndes, Thomas, or Tift.

Employees of 11 Select Employee Groups also qualify for membership.

Immediate family members (spouse, child, sibling, parent, grandparent, grandchild, and, stepchild) of current First Commerce members are welcome to apply.

And finally,

Anyone who joins the FCCU Foundation is eligible for membership in First Commerce Credit Union by making a minimum required contribution of $15.

Unfortunately, “anyone” is defined as individuals who live or work in select Florida and Georgia counties (mainly counties that are adjacent to the Florida/Georgia counties mentioned above).

Joining First Commerce and/or opening a CD can be done online, by phone (850.488.0035), or by visiting any of the nine Florida branches (Tallahassee (8) and Marianna) or the seven Georgia branches (Adel, Ray City, Nashville, Thomasville, and Valdosta (3)).

Our lobbies are now open for direct material service only (account opening, loan documents, instant issue debit cards, statements). All other services are available through our video tellers and ATMs in the drive thru (cash/deposit checks, withdrawals, loan payments, transfers). Please schedule an appointment to receive priority service for lobby visits for direct material needs. Please call the financial center directly to schedule an appointment or use the link below.

Opening a Savings Account with a $5 minimum deposit establishes a First Commerce membership.

Credit Union Overview

First Commerce Credit Union has an overall health grade of "A+" at, with a Texas Ratio of 4.17% (excellent) based on March 31, 2020 data. In the past year, First Commerce increased its total non-brokered deposits by $21.91 million, an excellent annual growth rate of 4.27%. Please refer to our financial overview of First Commerce Credit Union (NCUA Charter # 68301) for more details.

First Commerce Credit Union is currently the 28th largest credit union in Florida, with nearly 55,000 members and assets in excess of $627 million. Founded in 1940, the original FOM included employees of the Florida Industrial Commission, the forerunner of the Florida Department of Commerce. First Commerce changed from a federal charter to a state charter in 1997, allowing the credit union to “offer membership to Floridians who didn’t have a credit union available to them.“

In April, First Commerce finalized its acquisition of The Citizens Bank (headquartered in Nashville, Georgia). A September 2019 press lease offered some insight into the acquisition.

The transaction enables First Commerce to serve more communities as their financial partner for life by providing a broad range of financial solutions that have been enjoyed by thousands of loyal First Commerce members over the years. Business will continue as usual at the bank until the transaction closes, which is expected during the second quarter of 2020, subject to customary closing conditions and shareholder and regulatory approvals.

How the CD Compares

When compared to 178 similar length-of-term CDs tracked by that require a similar minimum deposit and are available within the FOM, First Commerce Credit Union’s 4-year CD APY currently ranks second.

The above rates are accurate as of 7/13/2020.

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

Related Pages: Albany CD rates, Tallahassee CD rates, Panama City CD rates, 5-year CD rates

First Commerce Credit Union Adds 13-Month Triple Option Promo CD
UPDATE 3/2/2020: No longer available.

Deal Summary: 13-month Triple Option Promo CD, 2.50% APY, $1k minimum deposit, one rate bump-up, one additional deposit, and one penalty-free withdrawal.

Availability: Only available in Lowndes and Thomas Counties, Georgia.

Florida-based First Commerce Credit Union (First Commerce) has just added a 13-month Triple Option Promo CD (2.50% APY) that is only available to members in Lowndes and Thomas Counties, Georgia. The minimum opening deposit is $1k, with no stated balance cap.

The 13-month Triple Option Promo CD is...

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