In celebration of the Grand Opening of its new Crestwood Branch, First Community Credit Union (First Community CU) is offering a limited-time 24-month CD (2.00% APY). The minimum opening deposit is $500 of new money, with a maximum deposit of $10k per member. This is similar to a grand opening special First Community CU had last year. Unfortunately, the maximum deposit has gone down by quite a bit.
The 24-month CD can be opened at any First Community CU branch, but this limited-time offer is only available for six days - October 24-29, 2016 - with a limit of one per member. It is also available as an IRA, with “IRA Certificates eligible for promotion with new money only.”
In a Live Chat, CSR stated that the Early Withdrawal Penalty for the 24-month CD is 180 days of interest"
Details on all the various promotional products and activities associated with the Grand Opening can be found on First Community CU’s website.
Thank you to DA member, susanc, for the Forum posting on this grand opening special.
Headquartered in Chesterfield, Missouri, First Community Credit Union's field of membership is primarily residency based, with individuals who live or work in the Missouri counties of Franklin, Jefferson, St. Charles, St. Louis and Warren, and the Illinois counties of Madison, Monroe, and St. Clair, eligible for membership.
Individuals who live or work in the City of St. Louis are also eligible. Interestingly, while the City of St. Louis borders on St. Louis County, it is an independent City and not part of the County. Completed details can be found on First Community CU’s "About Us" page.
Family members (spouse, child, grandchild, sibling, parent, or grandparent) of current First Community CU members also qualify for membership.
Joining First Community CU can be done online or at any of 28 Missouri branches located in Arnold (2), Bridgeton, Chesterfield, Crestwood, Creve Coeur, Des Peres, Ellisville, Eureka, Fenton, Festus, Florissant, High Ridge, Lake Saint Louis, Manchester, Maplewood, O’Fallon (2), Richmond Heights, St. Charles (2), St. Louis (3), St. Peters, Warrenton, Washington, and Wentzville, or five Illinois branches located in Belleville, Collinsville, Fairview Heights, Glen Carbon, and Granite City.
As stated earlier, the limited-time 24-month CD can be opened at any branch location October 24-29, 2016.
Credit Union Overview
First Community Credit Union has an overall health grade of "B+" at DepositAccounts.com, with a Texas ratio of 4.98% (excellent), based on June 30, 2016 data. In the past year, First Community CU (NCUA Certificate # 67619) increased its total deposit by $101.74 million, an excellent annual growth rate of 5.57%. Please refer to our financial overview of First Community Credit Union for more details.
Founded in 1934, First Community Credit Union is the largest credit union in Missouri, with more than 264,000 members and assets in excess of $2.2 billion. A committed member of its community, First Community CU actively supports more than 25 non-profit organizations, including Habitat for Humanity, Make A Wish Foundation, and the Alzheimer’s Association.
How the CD Compares
When compared to 305 similar length-of-term CDs tracked by DepositAccounts.com, requiring a similar minimum deposit and available within the field of membership, First Community Credit Union’s limited-time 24-month CD APY currently ranks first.
|Interest Rate||CD Length of Term||Credit Union/Bank|
|2.00% APY||24-Month Limited-Time CD ($10k max)||First Community Credit Union|
|1.55% APY||25-Month Special CD (no max)||Veridian Credit Union|
|1.51% APY||29-Month CD ($50k max)||Hughes Federal Credit Union|
The above rates are accurate as of 10/19/2016.