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 also available as an IRA (Traditional, Roth, and CESA) earning the same APY with the same funding requirements.

The Triple Option includes a one-time rate bump-up, additional deposits, and one penalty-free withdrawal. These features are detailed in the fine print on the Certificates of Deposit page.

After CD is open 90 days, member can take advantage of any or all of these features once each: a higher rate, adding funds, and a penalty-free withdrawal of up to 50% of the original principal balance. Features may be selected at the same or different times.

The option for a higher rate will be based on then-current FCCU CD rates for the term closest to the remaining time on your CD – see full account disclosures for details.

Additional funds may not exceed the original opening balance of CD.

Early withdrawal penalties* apply to any additional withdrawals of principal.

*A penalty of 365 days’ dividend will be assessed on any subsequent withdrawal.

In September, First Commerce announced it would be purchasing The Citizens Bank (a privately held commercial bank), headquartered in Nashville, Georgia. This recent acquisition is probably the reason behind the 13-month Triple Option Promo CD being offered only in the Georgia market area.

First Commerce issued a press release in September 2019 that stated,

The transaction enables First Comm/erce 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.


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 two Georgia counties, eligible to join.

As stated earlier, the 13-month Triple Option Promo CD is only available in Georgia.

Georgia counties: Lowndes and Thomas.

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

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 a county that is adjacent to any of the Florida/Georgia counties mentioned above. That adds an additional eight Florida and eight Georgia counties to the FOM.

Joining First Commerce and/or opening a Triple Option Promo CD can be done online, by phone (850.488.0035), or by visiting any of four Georgia branches located in Thomasville (2) and Valdosta (2).

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 7.65% (excellent) based on September 30, 2019 data. In the past year, First Commerce increased its total non-brokered deposits by $34.29 million, an excellent annual growth rate of 7.33%. 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 $615 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.“ First Commerce lists more than 20 awards it has received since 1993, including being “ranked among the top 100 credit unions in deposit growth in the nation” in 2018, and named as the top auto lender in Tallahassee for 16 consecutive years.

How the CD Compares

When compared to 253 similar length-of-term CDs tracked by that require a similar minimum deposit and are available within the FOM, First Commerce Credit Union’s 13-month Triple Option Promo CD APYs currently ranks first.

The above rates are accurate as of 2/20/2020.

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

Related Pages: Tallahassee CD rates, Panama City CD rates, 1-year CD rates


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