Members First Credit Union (Members First CU) is finishing the year with a rate increase on its 15-month Certificate Special (1.35% APY). The 15-month Certificate Special was added to the product line 6 months ago, when the initial APY was 1.25% APY. That rate lasted about one month, and today’s increase is the first rate change since July.
A $1K minimum deposit is required and there is no balance cap. The 15-month Certificate Special is available as an IRA (Traditional and Roth), earning the same APY and with the same funding requirements.
According to CSR, the Early Withdrawal Penalty is 180 days interest.
Headquartered in Manchester, New Hampshire, Members First Credit Union offers membership to anyone who meets any of the following requirements:
A list of eligible New Hampshire and Massachusetts towns is available on Members First CU’s website.
Applying for membership and/or opening a Certificate can be done in person at either of the two Manchester branches, by mail (application available for download), or online. (Note: the online application only begins the paperwork and an in-person visit to a branch location is necessary to complete the process.)
First Members CU is a member of the CO-OP Shared Branch network, which gives members access to over 5,000 credit union branches and 30,000 surcharge-free ATMs nationwide.
Credit Union Overview
Members First Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 1.15% (excellent) based on September 30, 2015 data. In the past year, Members First CU has increased its total deposits by $12.03 Million, an excellent annual growth rate of 9.78%. Please refer to our financial overview of Members First Community Credit Union for more details.
Members First Credit Union (NCUA Certificate # 65491) was originally established in 1949 as the Manchester Municipal Employees Credit Union by firefighter John Walsh. Mr. Walsh ran the credit union himself out of a briefcase at the Somerville Street Fire Station in Manchester. The Credit Union found its first permanent home the next year in Manchester’s City Hall. In 1997, the name was changed to Members First Credit Union when the field of membership was expanded to include the residents of a large portion of southern and central New Hampshire.
How the CD ComparesWhen compared to 145 similar length-of-term CDs tracked by DepositAccounts.com, that require a similar minimum deposit and are available to New Hampshire residents, Members First Credit Union's 15-month Certificate Special currently ranks fourth.
The above rates are accurate as of 12/31/2015.
To look for the best nationwide CD rates and the best CD rates in your state, please refer to our CD rates table.