In the dynamic landscape of financial opportunities, where every percentage point can make a substantial difference, finding a credit union that offers competitive rates becomes a pivotal pursuit for savvy investors. Communication Federal Credit Union (CFCU) emerges on the scene with enticing CD rates, providing a potential haven for those seeking to maximize returns on their investments.

CFCU CD Rates Offers

Some potential offers by CFCU CD rates are;

2.70% 24-Month CD

Key Features

  • Annual Percentage Yield (APY): 2.70%
  • Term: 24 months
  • Minimum Deposit: $1,000
  • Interest Payout: Not specified


CDs may have penalties for withdrawing funds before the maturity date. Understanding these penalties is crucial.

Pros & Cons

High APY of 2.70%24-month commitment
Moderate minimum depositLimited to local area
Fixed interest for 24 mosInterest payout not specified

2.00% 6-Month CD

Key Features

  • Annual Percentage Yield (APY): 2.00%
  • Term: 6 months
  • Minimum Deposit: $1,000
  • Interest Payout: Not specified


Ensure you meet the membership requirements of CFCU to be eligible for these CD offers.

Pros & Cons

Decent APY of 2.00%6-month commitment
Short-term investmentInterest payout not specified

How do CFCU CD Rates Compare?

As we assess Communication Federal Credit Union’s (CFCU) CD rates in comparison to other institutions, it’s evident that CFCU offers competitive options.

While CFCU’s 24-Month CD boasts a commendable 2.70% APY, it faces stiff competition from institutions such as Wings Financial Credit Union and Fort Knox Federal Credit Union, which present higher rates on their 5-Year CDs at 2.73% and 3.05%, respectively.

However, CFCU’s shorter-term 6-Month CD, with a 2.00% APY, outshines the offerings of Umpqua Bank and Incredible Bank, both featuring lower rates on their 8-Month Special (1.06%) and 9-Month (1.10%) CDs.

The comparison showcases CFCU’s versatility, providing competitive rates across different CD terms, and catering to investors with varying preferences in terms of commitment and return.

Overview CFCU Bank

CFCU Community Credit Union first opened back in 1953 and is rooted in the FingerLakes Region of New York State. CFCU Community Credit Union was formerly known as Cornell Federal Credit Union and it served the employees of Cornell University. Cornell University became Cornell FingerLakes Credit Union in 1997. The final transition took place in 2003 when Cornell FingerLakes Credit Union finally became what it is known as today, CFCU Community Credit Union.

In 2007, CFCU Community Credit Union expanded and it now serves Tompkins, Cortland, Cayuga, Ontario, and Seneca County. CFCU Community Credit Union also serves businesses and organizations located in these counties as well. This means that anyone who lives, works, attends school, maintains a business, or worships in these counties is eligible to become a member.

Today, CFCU Community Credit Union has 11 current locations with more than 70,000 members and it also has over $1 billion in assets. CFCU Community Credit Union is proud to be one of the largest credit unions in New York State.


You must be a member of CFCU CD RATES to open a CD. This means that you will need to open a checking or savings account. Ensure that all of your papers are available to make the process as simple as possible.

Locations CFCU 

Branches in California                                                      

As of today, CFCU currently does not have branches in California. All of their current branches and locations reside in New York.

Frequently Asked Questions

What is the current APY for the 24-month CD at CFCU?

The APY for the 24-month CD is 2.70%.

What is the minimum deposit required for CFCU CDs?

The minimum deposit for CFCU CDs, including the 24-Month and 6-month options, is $1,000.

How often is interest paid out on CFCU CDs?

The FAQs do not specify the frequency of interest payouts. It’s advisable to check the terms or contact the credit union directly for this information.

Can I withdraw funds early from a CFCU CD, and are there penalties?

Early withdrawal may incur penalties. It’s essential to be aware of the specific penalties associated with premature withdrawals.

Is membership in CFCU required to open a CD and access these rates?

Yes, you need to be a member of Communication Federal Credit Union to open a CD and take advantage of the offered rates.