First Peoples CFCU Ups Rates On 15- And 60-Month CD Specials

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Availability: Residents of Allegany and Garrett Counties, Maryland; Somerset County, Pennsylvania; and Mineral County, West Virginia.

First Peoples Community Federal Credit Union (First Peoples) recently raised the rates on its 15-month CD Special (1.50% APY) and 60-month CD Special (2.05% APY), with the 15-month CD Special being the more competitive of the two. The minimum opening deposit for either CD is $500, with no stated balance cap.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.05%$500-First Peoples Community Federal Credit Union60 Month Special CD
2.05%$500-First Peoples Community Federal Credit Union60 Month CD Special (Traditional, Roth, CESA)
1.50%$500-First Peoples Community Federal Credit Union15 Month CD Special
1.50%--First Peoples Community Federal Credit Union15 Month IRA Special
Accounts mentioned in this post. Rates as of August 27, 2016.

The two CD Specials is also available as IRAs (Traditional), earning the same APY with the same funding requirements.

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

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 current APY and qualifying balance limit hasn’t changed since the eFirst Check was first introduced in January 2010.

Qualifying Requirements

  • One Direct Deposit per calendar month
  • Sign-up for and receive e-Statements
  • Use First Peoples online bill payment at least once per calendar month
  • Make at least five First Peoples VISA Debit Card purchases as a credit (i.e., using your signature) per calendar month

There is a $5 monthly service fee if the above requirements are not met.

Availability

Headquartered in Cumberland, Maryland, First Peoples Community Federal Credit Union field of membership (FOM) is residency based, with individuals who live, work, worship, attend school, or regularly do business in Allegany and Garrett Counties, Maryland; Somerset County, Pennsylvania; or Mineral County, West Virginia eligible to join.

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, Lonaconing, and Oakland; or either of the two Pennsylvania branches in Meyersdale and Somerset; or either of the two West Virginia branches in Keyser and Ridgeley.

First Peoples’ online banking platform, FP@HOME, is currently limited to account management and bill payment services.

Credit Union Overview

First Peoples Community Federal Credit Union has an overall health grade of "B+" at DepositAccounts.com, with a Texas ratio of 14.04% (above average) based on March 31, 2016 data. In the past year, First Peoples has increased its total assets by $10.17 million, an excellent annual growth rate of 3.54%. 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 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 30,000 individuals.

How the CD Compares

Given that First Peoples’ FOM includes portions of three different states, an "apples-to-apples" comparison is a bit difficult. Therefore, when compared to the 177 similar length-of-term CDs tracked by DepositAccounts.com, which require a similar minimum deposit and are available to Maryland residents (majority of the membership), First Peoples Community Federal Credit Union's 15-month CD Special APY currently ranks second.

The above rates are accurate as of 7/26/2016.

To look for the best CD rates, both nationwide and in your state, please refer to our CD rates table, or our Rates Map page.

Comments
pua
pua   |     |   Comment #1
The name of this institution is unfortunate.  My first impression from reading its name is that the people it serves are members of Indian tribes.
First Peoples Community FCU Offers Competitive 15-month CD Specials

Availability:

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...

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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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