CFCU (Community Federal Credit Union) reports that members have access to Lucky Savers Certificates as well as Certificates with a $500, $25,000, or $100,000 minimum to open. Lucky Savers can deposit a minimum of $25 with a 0.80% APY after 12 months. CD rates increase over time, with funds compounding monthly. 

CFCU
CFCU Logo

Membership is limited to any individual who resides, works, attends religious observations, or attends school in Tompkins, Cortland, Cayuga, Ontario, or Seneca County, or any business or organization located in one of the qualifying locations.

A 60-month certificate with a minimum of $100,000 offers a CD rate of 2.15%, significantly more than the national average of 1.18%. A $25,000 certificate over the same terms has a 2.00% return, and a $500 minimum certificate has a return of 1.90%. The $500 minimum certificate has a 12-month plus rate of 0.80%, with rising rates as time goes on. The higher the certificate, the higher the return, but all certificates provide excellent returns.

The $500 minimum to open and earn APY has current rates as follows: 

CFCU (Community Federal Credit Union) reports that members have access to Lucky Savers Certificates as well as Certificates with a $500, $25,000, or $100,000 minimum to open. Lucky Savers can deposit a minimum of $25 with a 0.80% APY after 12 months. CD rates increase over time, with funds compounding monthly. 

Membership is limited to any individual who resides, works, attends religious observations, or attends school in Tompkins, Cortland, Cayuga, Ontario, or Seneca County, or any business or organization located in one of the qualifying locations.

A 60-month certificate with a minimum of $100,000 offers a CD rate of 2.15%, significantly more than the national average of 1.18%. A $25,000 certificate over the same terms has a 2.00% return, and a $500 minimum certificate has a return of 1.90%. The $500 minimum certificate has a 12-month plus rate of 0.80%, with rising rates as time goes on. The higher the certificate, the higher the return, but all certificates provide excellent returns.

The $500 minimum to open and earn APY has current rates as follows: 

  • 3 months – 0.35%
  • 6 months – 0.55%
  • 12 months – 0.80%
  • 24 months – 1.05%
  • 36 months – 1.30%
  • 48 months – 1.50%
  • 60 months – 1.90%

The $25,000 minimum certificate has rates as follows:

  • 3 Month Plus – 0.40%
  • 6 Month Plus – 0.65%
  • 12 Month Plus – 0.90%
  • 24 Month Plus – 1.15%
  • 36 Month Plus – 1.40%
  • 48 Month Plus – 1.60%
  • 60 Month – 2.00%

The $100,000 minimum to open and receive APY has the following rates:

  • 3 Month Plus – 0.45%
  • 6 Month Plus – 0.80%
  • 12 Month Plus – 1.05%
  • 24 Month Plus – 1.30%
  • 36 Month Plus – 1.55%
  • 48 Month Plus – 1.75%
  • 60 Month – 2.15%

Community Federal Credit Union opened in 1953, originally as the credit union for Cornell University Employees. Since a large expansion to the present time, CFCU has 11 locations, over 70,000 members, and over $900 million in assets and is one of the largest credit unions in New York State. 

CFCU provides several competitive certificate rates. For beginning savers, the Lucky Savers account is a special certificate that allows the accumulation of savings while providing the opportunity to win monthly and quarterly cash rewards. With a $25 deposit, members receive up to 10 chances while every amount deposited remains within the account.

All rates are subject to change, and fees are subject to all certificates for early withdrawal.

Community Federal Credit Union (CFCU) also offers checking and savings accounts, money market services, free notary public, foreign currency exchange, wire transfers, auto loans, student loans, recreational vehicle loans, personal loans, and various mortgage offerings in addition to the discussed range of CD rates. 

The $500 minimum to open and earn APY has current rates as follows: