Certificates

CertificatesLooking for some of the best rates around with a guaranteed return for your hard earned money? Smart move.

Investing your funds in a local not-for-profit financial institution will not only provide you with some of the highest returns around, it strengthens your community in ways you wouldn't believe. Now with our new Bump Up Certificate, you even have a chance to bump your rate up once during the initial term! Experience a win-win and choose CFCU to grow your money.

Apply within Online Banking for many Certificate types, stop by any branch, or call us today at 800-428-8340. It only takes a few minutes to set up and you'll be earning more than before!

$5,000 Quarterly Prizes!

Simply save for a rainy day and have a chance at prizes up to $5,000!

Learn more about the CFCU Lucky Savers program

Lucky Savers

Your chance to win big, while simply saving for a rainy day!

What is Lucky Savers?

It's a special Certificate at CFCU that helps you build your savings while giving you a chance to win monthly and quarterly cash prizes! Every $25 deposit (up to 10 entries, with no limit to the amount you are able to deposit) into this account gets you a chance to win - up to 10 chances every month. Plus, all the money deposited into the Lucky Savers account is still yours and helps to build your savings. It's a win-win situation!

How do I open an account?

You can open a Lucky Savers account by visiting one of our convenient branch locations. You can even set up direct deposit or scheduled transfers to increase your chance to win.

What are the prizes?

The real prize is the savings account you'll build with regular deposits each month... but to sweeten the pot, there are these prizes:

  • Each $25 deposit gives you a chance to win quarterly prizes up to $5,000, with 4 prizes to be won at each quarterly drawing!
  • Each $25 deposit gives you a chance to win monthly prizes up to $500, with 33 prizes to be won at each monthly drawing!

What are the requirements to open a Lucky Savers Certificate?

  • Must be 18 years of age or older
  • You must be a CFCU member with accounts in good standing
  • Business and Trust accounts are not eligible for this account

What is a term deposit account?

A term deposit account is a special savings account. You earn a specified dividend if the term deposit account is held for the full term; in the case of Lucky Savers, the term is 12 months.

What's the dividend rate?

View current deposit rates here.

Why should I open a Lucky Savers account?

Because it's a win-win situation! You can win monthly and quarterly prizes, and with regular deposits into your Lucky Savers account, you are guaranteed to have money saved at the end of the year. You seriously have nothing to lose - and everything to win!

Interested in winning big?

See official rules here. For more information, please visit www.nycua.org.

Bump-Up

Live UnitedCFCU Certificates are a smart move for anyone looking to grow their money. Why?

1. We're local AND not-for-profit.

Honestly, what more could you ask for? Not only will you receive the benefit of earning more on your investment, you are strengthening your Credit Union by choosing to invest with us. With how much we give back to our communities, you are bound to benefit in ways you never imagined! Sure, you could stick you money in a bank... but why give it to a shareholder you will never meet? Keep it local instead!

2. You're insured up to $250,000 with the NCUA.

CFCU provides a safe place for your hard-earned savings. Depositors are federally insured to at least $250,000 by the National Credit Union Administration, which holds one of the strongest federal deposit insurance funds in existence.

3. Some of the best rates around.

Go ahead, check out the competition's rates. We'll be here when you get back.

4. Our New Bump-Up Certificate!

This new product gives you the opportunity to earn some of the best local rates now, and have a chance to bump up your rate later with our Bump-Up Certificate! Guaranteed returns, and a chance to bump up your rate to adapt to a rising rate environment? That's a recipe for success.

Rates

Lucky Savers Certificate - $25 minimum to open and earn APY

  •  Rates as of 7/1/17
Term Annual Percentage Yield (APY)1 Alert Me
12 month 0.40%
The APY is fixed for the initial term. At renewal, the APY is variable and may change at this time. Fees may reduce earnings. A penalty will be imposed for early withdrawal.

Lucky Savers Truth in Savings Disclosure

See official rules here. For more information, please visit www.nycua.org.

  • 1Compounded Monthly

Certificates with $500 minimum to open and earn APY.

  •  Rates as of 7/1/17
Term Annual Percentage Yield (APY)1 Alert Me
3 month 0.20%
6 month 0.25%
10 month 0.35%
12 month 0.40%
18 month 0.45%
20 month 0.60%
24 month 0.70%
30 month 0.85%
36 month 0.95%
48 month 1.10%
50 month 1.25%
60 month 1.35%
24 month Bump-Up2 0.70%
36 month Bump-Up2 0.95%
60 month Bump-Up2 1.35%
The APY is fixed for the initial term. At renewal, the APY is variable and may change at this time. Fees may reduce earnings. A penalty will be imposed for early withdrawal.

Certificate Truth in Savings Disclosure

  • 1Compounded Monthly
  • 2Option to bump up one time only during the initial term requires you to visit a CFCU branch before maturity date. The bump up rate will stay in effect for the remainder of the initial term. The Certificate will renew into a Certificate closest to, without exceeding, the term at maturity.

Certificates with $25,000 minimum to open and earn APY

  •  Rates as of 7/1/17
Term Annual Percentage Yield (APY)1 Alert Me
6 month 0.35%
10 month 0.45%
12 month 0.50%
18 month 0.55%
20 month 0.70%
24 month 0.80%
30 month 0.95%
36 month 1.05%
48 month 1.20%
50 month 1.35%
60 month 1.45%
24 month Bump-up2 0.80%
36 month Bump-Up2 1.05%
60 month Bump-Up2 1.45%
The APY is fixed for the initial term. At renewal, the APY is variable and may change at this time. Fees may reduce earnings. A penalty will be imposed for early withdrawal.

Certificate Truth in Savings Disclosure

  • 1Compounded Monthly
  • 2Option to bump up one time only during the initial term requires you to visit a CFCU branch before maturity date. The bump up rate will stay in effect for the remainder of the initial term. The Certificate will renew into a Certificate closest to, without exceeding, the term at maturity.

Jumbo Certificates with $100,000 minimum to open and earn APY

  •  Rates as of 7/1/17
Term Annual Percentage Yield (APY)1 Alert Me
10 month 0.60%
20 month 0.85%
30 month 1.10%
50 month 1.50%
The APY is fixed for the initial term. At renewal, the APY is variable and may change at this time. Fees may reduce earnings. A penalty will be imposed for early withdrawal.

Certificate Truth in Savings Disclosure

  • 1Compounded Monthly

FAQ

  • If I don't reply to the maturity notice on my Certificate (CD), what happens?

    Your Certificate funds will roll into another term.

  • Are Certificate (CD) rates variable?

    No.

    Certificates with $500 minimum to open and earn APY.

    •  Rates as of 7/1/17
    Term Annual Percentage Yield (APY)1 Alert Me
    3 month 0.20%
    6 month 0.25%
    10 month 0.35%
    12 month 0.40%
    18 month 0.45%
    20 month 0.60%
    24 month 0.70%
    30 month 0.85%
    36 month 0.95%
    48 month 1.10%
    50 month 1.25%
    60 month 1.35%
    24 month Bump-Up2 0.70%
    36 month Bump-Up2 0.95%
    60 month Bump-Up2 1.35%
    The APY is fixed for the initial term. At renewal, the APY is variable and may change at this time. Fees may reduce earnings. A penalty will be imposed for early withdrawal.

    Certificate Truth in Savings Disclosure

    • 1Compounded Monthly
    • 2Option to bump up one time only during the initial term requires you to visit a CFCU branch before maturity date. The bump up rate will stay in effect for the remainder of the initial term. The Certificate will renew into a Certificate closest to, without exceeding, the term at maturity.

    Certificates with $25,000 minimum to open and earn APY

    •  Rates as of 7/1/17
    Term Annual Percentage Yield (APY)1 Alert Me
    6 month 0.35%
    10 month 0.45%
    12 month 0.50%
    18 month 0.55%
    20 month 0.70%
    24 month 0.80%
    30 month 0.95%
    36 month 1.05%
    48 month 1.20%
    50 month 1.35%
    60 month 1.45%
    24 month Bump-up2 0.80%
    36 month Bump-Up2 1.05%
    60 month Bump-Up2 1.45%
    The APY is fixed for the initial term. At renewal, the APY is variable and may change at this time. Fees may reduce earnings. A penalty will be imposed for early withdrawal.

    Certificate Truth in Savings Disclosure

    • 1Compounded Monthly
    • 2Option to bump up one time only during the initial term requires you to visit a CFCU branch before maturity date. The bump up rate will stay in effect for the remainder of the initial term. The Certificate will renew into a Certificate closest to, without exceeding, the term at maturity.

    Jumbo Certificates with $100,000 minimum to open and earn APY

    •  Rates as of 7/1/17
    Term Annual Percentage Yield (APY)1 Alert Me
    10 month 0.60%
    20 month 0.85%
    30 month 1.10%
    50 month 1.50%
    The APY is fixed for the initial term. At renewal, the APY is variable and may change at this time. Fees may reduce earnings. A penalty will be imposed for early withdrawal.

    Certificate Truth in Savings Disclosure

    • 1Compounded Monthly

  • When will Certificate (CD) rates go up?

    There is no 'for sure' answer on this. However, you do have the ability to let us know what rate you want!  When we hit it, we'll send you an e-mail letting you know. Just click 'Alert me' next to the product you are hoping to use in the future!

    Certificates with $500 minimum to open and earn APY.

    •  Rates as of 7/1/17
    Term Annual Percentage Yield (APY)1 Alert Me
    3 month 0.20%
    6 month 0.25%
    10 month 0.35%
    12 month 0.40%
    18 month 0.45%
    20 month 0.60%
    24 month 0.70%
    30 month 0.85%
    36 month 0.95%
    48 month 1.10%
    50 month 1.25%
    60 month 1.35%
    24 month Bump-Up2 0.70%
    36 month Bump-Up2 0.95%
    60 month Bump-Up2 1.35%
    The APY is fixed for the initial term. At renewal, the APY is variable and may change at this time. Fees may reduce earnings. A penalty will be imposed for early withdrawal.

    Certificate Truth in Savings Disclosure

    • 1Compounded Monthly
    • 2Option to bump up one time only during the initial term requires you to visit a CFCU branch before maturity date. The bump up rate will stay in effect for the remainder of the initial term. The Certificate will renew into a Certificate closest to, without exceeding, the term at maturity.

    Certificates with $25,000 minimum to open and earn APY

    •  Rates as of 7/1/17
    Term Annual Percentage Yield (APY)1 Alert Me
    6 month 0.35%
    10 month 0.45%
    12 month 0.50%
    18 month 0.55%
    20 month 0.70%
    24 month 0.80%
    30 month 0.95%
    36 month 1.05%
    48 month 1.20%
    50 month 1.35%
    60 month 1.45%
    24 month Bump-up2 0.80%
    36 month Bump-Up2 1.05%
    60 month Bump-Up2 1.45%
    The APY is fixed for the initial term. At renewal, the APY is variable and may change at this time. Fees may reduce earnings. A penalty will be imposed for early withdrawal.

    Certificate Truth in Savings Disclosure

    • 1Compounded Monthly
    • 2Option to bump up one time only during the initial term requires you to visit a CFCU branch before maturity date. The bump up rate will stay in effect for the remainder of the initial term. The Certificate will renew into a Certificate closest to, without exceeding, the term at maturity.

    Jumbo Certificates with $100,000 minimum to open and earn APY

    •  Rates as of 7/1/17
    Term Annual Percentage Yield (APY)1 Alert Me
    10 month 0.60%
    20 month 0.85%
    30 month 1.10%
    50 month 1.50%
    The APY is fixed for the initial term. At renewal, the APY is variable and may change at this time. Fees may reduce earnings. A penalty will be imposed for early withdrawal.

    Certificate Truth in Savings Disclosure

    • 1Compounded Monthly

  • Will I be notified when my Certificate (CD) matures?

    Yes! We will send you a letter in the mail.

  • Will my Certificate (CD) rate rise if rates go up?

    No. Your rates are set when you open  your Certificate.

  • Who sets the rates for the Credit Union?

    Our Asset Liability Management Committee diligently sets our rates to be competitive in the marketplace and to benefit our members.

  • How do I know what the renewal rate will be on my Certificate (CD)?

    You will receive a maturity letter in the mail, stating what your options are. Our rates are current here:

    Certificates with $500 minimum to open and earn APY.

    •  Rates as of 7/1/17
    Term Annual Percentage Yield (APY)1 Alert Me
    3 month 0.20%
    6 month 0.25%
    10 month 0.35%
    12 month 0.40%
    18 month 0.45%
    20 month 0.60%
    24 month 0.70%
    30 month 0.85%
    36 month 0.95%
    48 month 1.10%
    50 month 1.25%
    60 month 1.35%
    24 month Bump-Up2 0.70%
    36 month Bump-Up2 0.95%
    60 month Bump-Up2 1.35%
    The APY is fixed for the initial term. At renewal, the APY is variable and may change at this time. Fees may reduce earnings. A penalty will be imposed for early withdrawal.

    Certificate Truth in Savings Disclosure

    • 1Compounded Monthly
    • 2Option to bump up one time only during the initial term requires you to visit a CFCU branch before maturity date. The bump up rate will stay in effect for the remainder of the initial term. The Certificate will renew into a Certificate closest to, without exceeding, the term at maturity.

    Certificates with $25,000 minimum to open and earn APY

    •  Rates as of 7/1/17
    Term Annual Percentage Yield (APY)1 Alert Me
    6 month 0.35%
    10 month 0.45%
    12 month 0.50%
    18 month 0.55%
    20 month 0.70%
    24 month 0.80%
    30 month 0.95%
    36 month 1.05%
    48 month 1.20%
    50 month 1.35%
    60 month 1.45%
    24 month Bump-up2 0.80%
    36 month Bump-Up2 1.05%
    60 month Bump-Up2 1.45%
    The APY is fixed for the initial term. At renewal, the APY is variable and may change at this time. Fees may reduce earnings. A penalty will be imposed for early withdrawal.

    Certificate Truth in Savings Disclosure

    • 1Compounded Monthly
    • 2Option to bump up one time only during the initial term requires you to visit a CFCU branch before maturity date. The bump up rate will stay in effect for the remainder of the initial term. The Certificate will renew into a Certificate closest to, without exceeding, the term at maturity.

    Jumbo Certificates with $100,000 minimum to open and earn APY

    •  Rates as of 7/1/17
    Term Annual Percentage Yield (APY)1 Alert Me
    10 month 0.60%
    20 month 0.85%
    30 month 1.10%
    50 month 1.50%
    The APY is fixed for the initial term. At renewal, the APY is variable and may change at this time. Fees may reduce earnings. A penalty will be imposed for early withdrawal.

    Certificate Truth in Savings Disclosure

    • 1Compounded Monthly

  • Can I add money to an open Certificate (CD)?

    You cannot. However, keep watching for our periodic Add-on Certificate specials! 

  • Can I have a joint owner on a Certificate (CD)?

    Sure can! Just give our call center a ring and we can open it for you today!

    Contact Us

    Call Center (Mon-Fri. 8am-5:30pm; Sat. 9am-12pm) - 607-257-8500 - Toll free 800-428-8340

    contact.us@mycfcu.com

    CFCU Insurance Services (Mon-Fri. 8am-10pm; Sat. 8am-5pm) - 844-835-7646

    MAXX Phone Banking - 607-257-8113 - Toll free 800-782-9413

    Lost/Stolen Debit Card - 800-472-3272

    Lost/Stolen Visa Card - 

    866-205-8314 (Domestic) or

    703-463-2473 (International)

        -Option 2

    CFCU will never contact a member electronically to obtain personal information. If you receive this type of communication, please contact us immediately to report.

  • What happens if I withdraw from a Certificate (CD) prior to maturity? Or if I cash it out earlier?

    There is no fee to open a share certificate; however there is a penalty for withdrawal prior to maturity.


    Penalties are calculated as follows:

    12 months term or less: all interest earned to date or 90 days, whichever is less

    18 months term or more: all interest earned to date or 180 days, whichever is less.

     

    If a certificate is closed within 7 days of being opened, penalties are assessed as follows:

    12 months term or less: the member pays 7 days worth of interest.

    18 months term or more: The member pays 30 days worth of interest.

  • Lucky Savers Survey

    http://luckysavers2016.questionpro.com/