First Peoples Community FCU Offers Competitive 15-month CD Specials

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Residents of Allegany and Garrett Counties, MD; Somerset County, PA; Mineral County, WV; and Verizon employees headquartered in Maryland counties of Allegany, Frederick, Garrett, and Washington.

Over the weekend, First Peoples Community Federal Credit Union (First Peoples) introduced a new 15-month CD Special (1.15% APY) and 15-month Relationship CD Special (1.30% APY) to its product line. The minimum opening deposit for either CD is $500, with no maximum balance cap.

The Relationship CD requires that your tax refund be deposited in a First Peoples’ account to qualify for the 1.30% APY.

According to CSR, the Early Withdrawal Penalty "can be up to 180 days," with the final determination made on a case-by-case basis.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.00*%-$25kFirst Peoples Community Federal Credit UnioneFirst Checking
1.50%$500-First Peoples Community Federal Credit Union15 Month CD Special
Accounts mentioned in this post. Rates as of July 25, 2016.

eFirst Checking

First Peoples also offers eFirst Checking, a reward checking account that pays 2.00% APY on qualifying balances up to $25K; balances over $25K pay 0.10% APY. The following requirements must be met to qualify for the 2.00% APY:

  • One Direct Deposit per calendar month
  • Sign-up for and receive e-Statements
  • Use First Peoples Electronic Bill Pay at least once per calendar month
  • Make at least ten First Peoples VISA Check Card purchases (using your signature) per calendar month

There is a $5 monthly service fee if the above requirements are not met, but First Peoples eChecking is fee free for the first 45 days (from enrollment date), regardless of requirement status.

Availability

Membership in First Peoples Community Federal Credit Union is residency based, with individuals who live or work in Allegany and Garrett Counties, Maryland; Somerset County, Pennsylvania; or Mineral County, West Virginia eligible to join. Verizon employees headquartered in the Maryland counties of Allegany, Frederick, Garrett, and Washington are also eligible for membership.

Joining First Peoples and/or opening a CD requires an in-person visit to any of ten Maryland branches located in Accident, Cresaptown (2), Cumberland (3), Frostburg, Grantsville, LaVale and Lonaconing; two Pennsylvania branches in Meyersdale and Somerset; or two West Virginia branches in Keyser and Ridgeley.

Credit Union Overview

First Peoples Community Federal Credit Union has an overall health grade of "B" at DepositAccounts.com, with a Texas ratio of 15.59% (above average) based on September 30, 2014 data. First Peoples has an excellent capitalization level of 13.11%, a result of holding assets of $322.49 Million, with $43.6 Million in equity. Please refer to our financial overview of First Peoples Community Federal Credit Union for more details.

Originally known as the Amcelle Employees Federal Credit Union, First Peoples Community Federal Credit Union (NCUA Charter # 13345) was organized in 1960 to serve the employees of the Amcelle Plant in Cumberland, Maryland. (The Amcelle Plant was part of the Celanese Corporation of America.) Through a series of NCUA approved charter amendments, First Peoples expanded their field of membership (FOM) to include residents of Allegany County, MD (1975), Mineral County, WV (1983), Garrett County, MD (1998), and Somerset County, PA (2001). These charter amendments resulted in a unique credit union offering membership to residents of multiple states, with current membership of over 29,200 individuals.

How the CD Compares

Given the unique FOM (three different states), an "apples to apples" comparison is a bit difficult. Therefore, when compared to other similar length of term CDs tracked by DepositAccounts.com, that require a similar minimum deposit and available to Maryland residents (the majority of the membership), First Peoples Community Federal Credit Union's 15-month CD is clearly competitive.

The above rates are accurate as of 1/20/2015.

To look for the best nationwide CD rates and the best CD rates in your state, please refer to our CD rates table.

Comments
Top Money Market & CD Rates at First Peoples Community FCU in Parts of MD, PA & WV

First Peoples Community Federal Credit Union continues to offer very competitive CD, savings and money market rates. The long-term CD special rates have gone down since my October post, but they remain a good deal: 2.40% APY for 39 months and 2.80% APY for 5 years. Minimum deposit is $5,000. These rates are listed in the credit union's promo page as of 4/13/2011.

Short-Term CD Rates

The credit union also has several competitive rates on its standard CD rates, especially on the shorter terms. The best ones include a 1.70% APY 18-month...

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Top CD Rate Specials at First Peoples Community FCU in Parts of MD, PA & WV

First Peoples Community Credit Union is offering three competitive CD specials. These include a 3.10% APY 5-year CD, a 2.60% APY 39-month CD and a 2.10% APY 21-month CD. Minimum balance is $5,000. These specials are listed in this credit union's promo page as of 10/26/2010. There's also a link to this page on the credit union's home page.

In addition to these CD specials, the credit union has several competitive rates on its regular accounts. These include short-term CDs (1.50% APY 6-month CD and 1.75% APY 1-year CD) and the...

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3.00% 12-Month CD & 3.75% 39-Month CD at First Peoples Community FCU in MD, PA & WV
First Peoples Community Federal Credit Union is offering a certificate special with two competitive rates: 3.75% APY for 39 months and 4.00% APY for 60 months. Minimum deposit is $5,000. These rates are listed in this promotions page (pdf) as of 3/24/09. This promotions page is linked at the credit union's home page. In addition to these certificate specials, the credit union also has some competitive standard rates including 2.50% APY for 6 months, 3.00% APY for 12 months and 3.20% APY for 24 months. Minimum deposit is $500, and...
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4.50% 27-Month / 4.40% 15-Month CD at a Maryland CU (First Peoples Community).
Update 3/15/08: The special CD rates have fallen. Please check the credit union's website for the latest rates.

First Peoples Community FCU has a certificate special with a 4.50% APY 27-month CD, a 4.40% APY 15-month CD and a 4.25% APY 7-month CD. The minimum deposit is $5,000. The link to a PDF ad for the special is located in the middle of the credit union's home page.

Membership is open to any persons who live or work in Allegany County or Garrett County, Maryland, in Somerset County, Pennsylvania or in Mineral...



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