CommunityAmerica Credit Union Info + Reviews

CommunityAmerica Credit Union is the Missouri CU that I’ll be focused on in this article. We’ll be taking a look at important details like their history, membership requirements, financial product offerings, and a few other things. Let’s get to it.

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*Routing number: 301081508

*Phone number: 800.892.7957

A Little History of CommunityAmerica Credit Union

CACU started a little later than the average credit union, but not by much. A lot of CU’s started in the early 30’s, but this one was 1940. Originally for airline employees, it was founded by a pilot named George Duvall.

By the end of their first year in business, CACU had over $20,000 in assets and 644 members. They are now one of the largest CU’s in the country and their field of membership has been opened to include a lot more people – probably you, too. Assets today exceed $4 billion with 250,000+ members.

Membership Requirements

If you want to join CommunityAmerica Credit Union, you’ll need to meet some requirements. The way they put it, if you live or work in the Kansas City area, you’re in.

You qualify for membership if you live or work in the following Kansas City Metro Counties: Jackson, Cass, Clay, Platte, Douglas, Johnson, Jefferson, Leavenworth, Miami, Shawnee, Wyandotte.

If you’re working or living in St. Louis County, then you’ll be eligible. If one of your family members are current members or is eligible, then you’re eligible by extension.

Family members who you can qualify through are spouses, kids, siblings, parents, grandparents, grandchildren, aunts/uncles. nieces/nephews, and a few others.

CommunityAmerica Credit Union Product Offerings

You can choose from a wide variety of product offerings at CACU. They have four major personal products – banking, borrowing, investing, and insurance.

In their banking area, they have checking, savings, certificates (CDs), Money Market accounts, and IRAs, so, you can find something for any part of life.

Borrowing products include mortgages, home equity loans, auto loans, motorcycle loans, boat, RV & leisure loans, personal loans, and credit cards. There are a lot of borrowing options, so, you’ll be able to get financing for practically anything.

Their investing products include financial planning, retirement planning, college planning, special needs planning, estate planning, trust services, and insurance planning. You won’t find all of those services at every CU. There are also financial advisors on their staff at CommunityAmerica Credit Union, so, they can work with you one on one to make sure your goals are met.

Insurance Products

Choose from auto, homeowners, and life insurance here. They even have loan protection, like auto extended warranties, gap coverage, collateral protection, payment protection, plus accidental death and dismemberment.

Business Offerings at CommunityAmerica Credit Union

The business offerings at CACU are pretty similar to the personal products. Some of the more business-specific products are ACH & wires, fraud prevention tools, and merchant services.

There are commercial real estate loans, construction & development, vehicle & equipment loans, SBA Loans, and business credit cards.

Rates

Rates subject to change without notice, always double check with CACU before assuming that a rate here is still active there.

High Interest Savings at CommunityAmerica Credit Union

Interest RateAPYBalance Amount
3.92%4.00%$1.00 – $1,500.00
0.02%0.02%$1,500.01 – or more
APY=Annual Percentage Yield and assumes dividends or interest are reinvested and the rate continues for a year. The APY is variable and may change after the account is opened. You must maintain the minimum daily balance required to obtain the applicable APY. Fees could reduce earnings on the account. High Interest Savings account balances up to $1,500 earn first tier APY. Balances of $1,500.01 or more earn the credit union’s base rate for Savings accounts. First tier APY is conditional on meeting the following qualifications: The membership account number must be enrolled in eStatements, have a monthly direct deposit of at least $250 posted to one deposit-suffix, and a single Checking -suffix must have 15 posted point-of-sale debit card transactions per month, OR the membership account number must be enrolled in eStatements and have a single Checking-suffix with 25 posted point-of-sale debit card transactions per month. Transactions exclude refunds/credits, and ATM transactions. Each statement period that conditions are met after the account is opened, the first tier APY will be applied to the next statement period. If qualifications are not met, the first tier APY will discontinue and revert to the credit union’s base rate for Savings accounts until conditions are met. Due to compounding, interest earned may push balances into next rate tier, causing an APY change. If Checking account relationship is terminated or becomes inactive, the first tier APY will discontinue and revert to the credit union’s base rate for Savings accounts until conditions are met. Limit one High Interest Savings or Delta Savings account per member. The High Interest Savings account at CommunityAmerica Credit Union is only available to Consumer accounts (Business and IRA accounts do not qualify). Minor Savings accounts are not eligible. Rates effective as of 04/07/2021.

Savings

Interest RateAPYBalance Amount
0.05%0.05%$100,000.00 – or more
0.05%0.05%$50,000.00 – $99,999.99
0.02%0.02%$25,000.00 – $49,999.99
0.02%0.02%$10,000.00 – $24,999.99
0.02%0.02%$0.00 – $9,999.99
APY = Annual Percentage Yield. Assumes dividends are reinvested and the rate continues for a year. The APY is variable and may change after the account is opened. Fees could reduce the earnings on the account. Minimum balance to open Savings account is $1 and may be the Par Value of your share in this credit union. A Savings account that holds the Par Value (suffix 00 account) earns dividends. All other accounts earn interest where applicable. You must maintain the minimum daily balance required to obtain the applicable APY. Tiers, dividend/interest rates and APYs on Checking and Savings accounts are subject to change without notice after the account is opened. Rates effective as of 04/07/2021.

Junior Savings at CommunityAmerica Credit Union

Interest RateAPYBalance Amount
0.05%0.05%$100,000.00 – or more
0.05%0.05%$50,000.00 – $99,999.99
0.02%0.02%$25,000.00 – $49,999.99
0.02%0.02%$10,000.00 – $24,999.99
0.02%0.02%$1.00 – $9,999.99
APY = Annual Percentage Yield. Assumes dividends are reinvested and the rate continues for a year. The APY is variable and may change after the account is opened. Fees could reduce the earnings on the account. Minimum balance to open Savings account is $1 and may be the Par Value of your share in this credit union. A Savings account that holds the Par Value (suffix 00 account) earns dividends. All other accounts earn interest where applicable. You must maintain the minimum daily balance required to obtain the applicable APY. Account eligible to 12-and-under with parent/guardian joint. Account converts to regular savings account when minor turns 13. Rates effective as of 04/07/2021.

Holiday Savings

Interest RateAPYBalance Amount
0.01%0.01%$1.00 – $9,999.99
0.01%0.01%$10,000.00 – or more
APY = Annual Percentage Yield. Assumes interest is reinvested and the rate continues for a year. The APY is variable and may change after the account is opened. Fees could reduce the earnings on the account. Minimum balance to open Savings account is $1. You must maintain the minimum daily balance required to obtain the applicable APY. Entire account balance automatically transfers to designated account on or about November 1st annually. Rates effective as of 04/07/2021.

Special Purpose Savings

Interest RateAPYBalance Amount
0.01%0.01%$10,000.00 – or more
0.01%0.01%$1.00 – $9,999.99
APY = Annual Percentage Yield. Assumes interest is reinvested and the rate continues for a year at CommunityAmerica Credit Union. The APY is variable and may change after the account is opened. Fees could reduce the earnings on the account. Minimum balance to open Savings account is $1. You must maintain the minimum daily balance required to obtain the applicable APY. Rates effective as of 04/07/2021.

Certificates (CDs)

Term (In Months)Interest RateAPY
600.55%0.55%
480.45%0.45%
360.40%0.40%
300.40%0.40%
240.35%0.35%
180.35%0.35%
150.30%0.30%
140.40%0.40%
120.30%0.30%
90.30%0.30%
60.25%0.25%
30.20%0.20%
Minimum deposit for Certificate (CD) is $500, with the exception of the Saver CD which requires a minimum deposit of $50 to open. APY=Annual Percentage Yield. Assumes interest is reinvested and the rate continues for a year. Certificate interest is earned at the applicable term’s fixed rate until the Certificate matures. Fees could reduce earnings on the account. Certificate accounts are subject to substantial penalty for early withdrawal. Rates effective as of 04/30/2021.

Select Money Market Rates at CommunityAmerica Credit Union

Interest RateAPYBalance Amount
0.40%0.40%$500,000.00 – or more
0.35%0.35%$250,000.00 – $499,999.99
0.30%0.30%$150,000.00 – $249,999.99
0.20%0.20%$100,000.00 – $149,999.99
0.20%0.20%$50,000.00 – $99,999.99
0.15%0.15%$25,000.00 – $49,999.99
0.05%0.05%$10,000.00 – $24,999.99
0.05%0.05%$0.00 – $9,999.99
APY = Annual Percentage Yield. Assumes dividends are reinvested and the rate continues for a year. The APY is variable and may change after the account is opened. Assumes dividends or interest are reinvested and the rate continues for a year. You must maintain the minimum daily balance required to obtain the applicable APY. Tiers, dividend/interest rates and APYs on Checking and Savings accounts are subject to change without notice after the account is opened. Fees listed on the Fee Schedule could reduce earnings on the account. You may forfeit dividends/interest if you close any dividend or interest-bearing account before accrued dividends/interest is credited. Account earns interest where applicable. All Savings and IRA dividends and/or interest are calculated using the daily balance method and are compounded daily and are credited on the last day of each month. This account requires a $1,000 minimum opening deposit. Rates effective as of 01/27/2021.

Money Market

Interest RateAPYBalance Amount
0.25%0.25%$500,000.00 – or more
0.20%0.20%$250,000.00 – $499,999.99
0.15%0.15%$150,000.00 – $249,999.99
0.15%0.15%$100,000.00 – $149,999.99
0.10%0.10%$50,000.00 – $99,999.99
0.10%0.10%$25,000.00 – $49,999.99
0.05%0.05%$10,000.00 – $24,999.99
0.05%0.05%$0.00 – $9,999.99
APY = Annual Percentage Yield. Assumes dividends are reinvested and the rate continues for a year. The APY is variable and may change after the account is opened. Assumes dividends or interest are reinvested and the rate continues for a year. You must maintain the minimum daily balance required to obtain the applicable APY. Tiers, dividend/interest rates and APYs on Checking and Savings accounts are subject to change without notice after the account is opened. Fees listed on the Fee Schedule could reduce earnings on the account. You may forfeit dividends/interest if you close any dividend or interest-bearing account before accrued dividends/interest is credited. Account earns interest where applicable. All Savings and IRA dividends and/or interest are calculated using the daily balance method and are compounded daily and are credited on the last day of each month. This account requires a $1,000 minimum opening deposit. Rates effective as of 04/07/2021.

IRA Savings

Interest RateAPYBalance Amount
0.05%0.05%$100,000.00 – or more
0.05%0.05%$50,000.00 – $99,999.99
0.02%0.02%$25,000.00 – $49,999.99
0.02%0.02%$10,000.00 – $24,999.99
0.02%0.02%$1.00 – $9,999.99
Minimum balance to open Savings account is $1 and may be the Par Value of your share in this credit union. A Savings account that holds the Par Value (suffix 00 account) earns dividends. All other accounts earn interest where applicable. All Savings and IRA dividends and/or interest are calculated using the daily balance method and are compounded daily and are credited on the last day of each month. APY=Annual Percentage Yield. Assumes dividends or interest are reinvested and the rate continues for a year. You must maintain the minimum daily balance required to obtain the applicable APY. Tiers, dividend/interest rates and APYs on Checking and Savings accounts are subject to change without notice after the account is opened. Fees listed on the Fee Schedule could reduce earnings on the account. You may forfeit dividends/interest if you close any dividend or interest-bearing account before accrued dividends/interest is credited. Rates effective as of 04/07/2021.

IRA Certificate (CD) at CommunityAmerica Credit Union

Term (In Months)Interest RateAPY
600.55%0.55%
480.45%0.45%
360.40%0.40%
300.40%0.40%
240.35%0.35%
180.35%0.35%
150.30%0.30%
140.40%0.40%
120.30%0.30%
90.30%0.30%
60.25%0.25%
30.20%0.20%
Minimum deposit for CDs is $500. Where applicable, Certificate account interest is calculated using the daily balance method and is compounded and credited monthly, unless otherwise stated. APY=Annual Percentage Yield. Assumes dividends or interest are reinvested and the rate continues for a year. Certificate interest is earned at the applicable term’s fixed rate until the Certificate matures. Fees could reduce earnings on the account. You may forfeit dividends/interest if you close any dividend or interest-bearing account before accrued dividends/interest is credited. You may choose to have interest credited directly to you or to another account each month, but this may reduce earnings. Certificate accounts are subject to substantial penalty for early withdrawal. You may withdraw Certificate without penalty if redeemed within 15 days following maturity. If you do not withdraw at maturity, Certificate will automatically renew for subsequent term at applicable current interest rate. If renewal is prevented for any reason, interest will not accrue after maturity. Early Withdrawal Penalty. The following will apply: certificates with an original maturity date equal to or less than 1 (one) year will have a penalty equal to 90 (ninety) days interest, certificates with an original maturity date greater than 1 (one) year and equal to 2 (two) years will have a penalty equal to 180 (one hundred eighty) days interest, and certificates with an original maturity date greater than 2 (two) years will have a penalty equal to 365 (three hundred sixty five) days interest. How the Penalty Works. The penalty is calculated as a forfeiture of part of the interest that has or would have earned on the account. It applies whether or not the interest has been earned. In other words, if the account has not yet earned enough interest or if the interest has already been paid, the penalty will be deducted from the principal. If you close your certificate account before interest is paid, you will receive the accrued interest. Exceptions to Early Withdrawal Penalty. At our option, we may pay the account before maturity without imposing an early withdrawal penalty under the following circumstances: When an account owner dies or is determined legally incompetent by a court or other body of competent jurisdiction. When the account is an Individual Retirement Account (IRA), the owner attains age 59½ or becomes disabled, and the funds are withdrawn as a normal distribution only. Rates effective as of 04/30/2021.

IRA Select Money Market

Interest RateAPYBalance Amount
0.40%0.40%$500,000.00 – or more
0.35%0.35%$250,000.00 – $499,999.99
0.30%0.30%$150,000.00 – $249,999.99
0.20%0.20%$100,000.00 – $149,999.99
0.20%0.20%$50,000.00 – $99,999.99
0.15%0.15%$25,000.00 – $49,999.99
0.05%0.05%$10,000.00 – $24,999.99
0.05%0.05%$0.00 – $9,999.99
A Savings account that holds the Par Value (suffix 00 account) earns dividends. All other accounts earn interest where applicable. All Savings and IRA dividends and/or interest are calculated using the daily balance method and are compounded daily and are credited on the last day of each month, unless otherwise stated. APY=Annual Percentage Yield. Accurate as of the last dividend declaration date of 04/07/2021. Assumes dividends or interest are reinvested and the rate continues for a year. You must maintain the minimum daily balance required to obtain the applicable APY. Tiers, dividend/interest rates and APYs on Checking and Savings accounts are subject to change without notice after the account is opened. Fees listed on the Fee Schedule could reduce earnings on the account. You may forfeit dividends/interest if you close any dividend or interest-bearing account before accrued dividends/ interest is credited. Assumes interest is reinvested and the rate continues for a year. You may forfeit dividends/interest if you close any dividend or interest-bearing account before accrued dividends/interest is credited. Rates are variable and may change without notice after the account is opened. Fees listed on the Fee Schedule could reduce earnings on the account. This account requires a $1,000 minimum opening deposit. Minimum daily balance to avoid $20 monthly maintenance fee is $25,000.00. Interest calculated using the Daily Balance Method, compounds daily and pays on the last day of each month. Select Money Market account is available for limited periods of time only. Times this product is offered is at the sole discretion of the credit union.

IRA Money Market

Interest RateAPYBalance Amount
0.25%0.25%$500,000.00 – or more
0.20%0.20%$250,000.00 – $499,999.99
0.15%0.15%$150,000.00 – $249,999.99
0.15%0.15%$100,000.00 – $149,999.99
0.10%0.10%$50,000.00 – $99,999.99
0.10%0.10%$25,000.00 – $49,999.99
0.05%0.05%$10,000.00 – $24,999.99
0.05%0.05%$0.00 – $9,999.99
APY = Annual Percentage Yield. Assumes dividends are reinvested and the rate continues for a year. The APY is variable and may change after the account is opened. Assumes dividends or interest are reinvested and the rate continues for a year. You must maintain the minimum daily balance required to obtain the applicable APY. Tiers, dividend/interest rates and APYs on Checking and Savings accounts are subject to change without notice after the account is opened. Fees listed on the Fee Schedule could reduce earnings on the account. You may forfeit dividends/interest if you close any dividend or interest-bearing account before accrued dividends/interest is credited. Account earns interest where applicable. All Savings and IRA dividends and/or interest are calculated using the daily balance method and are compounded daily and are credited on the last day of each month. Rates effective as of 04/07/2021

Home Equity (80% LTV) at CommunityAmerica Credit Union

APR As Low AsLoan Amount
2.99%$10,000.00 – or more
Introductory annual percentage rate (“APR”) as low as 2.99% for the first year. Thereafter the APR varies, with a maximum APR of 18%. As of 07/27/2021, this variable Hybrid Home Equity Line of Credit APR would have been 3.99% APR for 80% LTV. Intro rate of 2.99% is for well-qualified borrowers at a maximum loan to value ratio (“LTV”) of 80%. New loans only. Additional introductory rates and variable rate may be available for higher LTVs. Contact the credit union for details. Consult your tax advisor regarding deductibility of interest. Benefits of a loan for debt consolidation depend on individual circumstances. Speak with a representative on whether it is the right fit for you. Please contact credit union for additional information regarding Hybrid rate locks. Rates effective as of 07/27/2021.

Home Equity (90% LTV)

APR As Low AsLoan Amount
3.49%$10,000.00 – or more
Introductory annual percentage rate (“APR”) as low as 3.49% APR for the first year. Thereafter, the APR varies, with a maximum APR of 18%. As of 07/27/2021, this variable Hybrid Home Equity Line of Credit APR would have been 4.24% APR for 90% LTV. Intro rate of 3.49% is for well-qualified borrowers at a maximum loan to value ratio (“LTV”) of 90%. New loans only. Additional introductory rates and variable rate may be available for higher LTVs. Contact the credit union for details. Consult your tax advisor regarding deductibility of interest. Benefits of a loan for debt consolidation depend on individual circumstances. Speak with a representative on whether it is the right fit for you. Please contact credit union for additional information regarding Hybrid rate locks. Rates effective as of 07/27/2021.

Auto Loan at CommunityAmerica Credit Union

APR As Low AsYear
2.99%2017 – 2021
3.49%2014 – 2016
APR = Annual Percentage Rate. Loan approval and APR based on creditworthiness, payment method, length of loan term, ability to repay, and amount of loan, in addition to other conditions listed below and in the account agreement. Rates, terms and conditions are subject to change or expire without notice. Rates effective as of 04/07/2021.

First-Time Auto Loan

APR As Low AsYearMinimum Loan Amount
12.99%2017 – 2021$2,500.00 – $15,000.00
13.74%2014 – 2016$2,500.00 – $15,000.00
APR = Annual Percentage Rate. Loan approval and APR based on creditworthiness, payment method, length of loan term, ability to repay, and amount of loan, in addition to other conditions listed below and in the account agreement. Rates, terms and conditions are subject to change or expire without notice. Rates effective as of 04/07/2021.

Personal Loan at CommunityAmerica Credit Union

APR As Low AsLoan Amount
9.74%$500.00 – $25,000.00
APR = Annual Percentage Rate. Loan approval and APR based on creditworthiness, payment method, length of loan term, ability to repay, and amount of loan, in addition to other conditions listed below and in the account agreement. Rates effective as of 04/07/2021.

Does CommunityAmerica Credit Union Do Any Philanthropy?

CACU does engage in a number of different areas of philanthropy. These are financial literacy & stability, education & reading literacy, health & wellness, and strengthening communities. You can find them doing things with Junior Achievement, Operation Breakthrough, Boys & Girls Clubs, and other organizations.

CACU – Final Thoughts

If you go with this credit union, then you’ll probably be in good hands. They have a big network around the Kansas and St. Louis County areas. There are a lot of competitive rates, too. Their product offerings vary widely, so, you’ll probably find whatever you need as long as it’s related to money! Do you have a review on them that you’d like to add? We can put it in here:

    *All information in this article was current at the time of this writing, however, it could change without notice. We do our best to keep these updated, however, there is no guarantee you will find the same information on the CU’s website or at the time of opening an account with them.

    *This site is not affiliated with the Credit Union mentioned in this article.