3.5 star ratingAverage User Rating:
3.5 star rating based on 2 reviews.

Premier America Credit Union

Premier America Credit Union Locations
19867 Prairie Street
Chatsworth, CA 91311
800-772-4000
www.premier.org



Premier America Credit Union is headquartered in Chatsworth and is the 22nd largest credit union in the state of California. It is also the 128th largest credit union in the nation. It was established in 1957 and as of December of 2011, it had grown to 185 employees and 64,181 members. Premier America Credit Union's money market rates are 59% higher than the national average, and it has a 4-star health rating.

Premier America Credit Union Routing Number: 322283990

Related Posts

Telesis Management Taken Over By Premier America (Forum) - 4/15/2012

From the Credit Union Times The $1.3 billion Premier America Credit Union has contracted with the NCUA to manage the assets of the seized $318 million Telesis Community Credit Union. Both credit unions are based in Chatsworth, Calif. The federally insure

$50 Checking Account Bonus At Premier America Credit Union In TX (Forum) - 8/22/2010

Premier America Credit Union is advertising a $50 bonus for opening its checking account. It appears that no direct deposit is required. The main requirement is 3 debit transactions per month. Here's the small print of the ad: For new qualifying checkin

12% 12-Month CD ($1,200 Max) at Premier America Credit Union in CA & TX - Local Only - 7/20/2009

Premier America Credit Union has a new low-max CD special called the 12-12-12 Certificate. It has a rate of 12% APY for a term of 12 months with a maximum deposit of $1,200. A checking account is required, and in addition to opening the checking account...

4.20% 8-Month CD at Premier America Credit Union in Houston - 9/28/2008

Premier America Credit Union is advertising a 4.20% APY 8-month certificate. The minimum deposit is $5,000. It's available for both personal and business accounts. This special doesn't seem to be listed at the credit union's website. It was advertised in...

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See Rates for: Checking | Savings | Money Market | CD | IRA

Premier America Credit Union Checking Account Rates

ApyMinMaxProduct
0.15%$10k-Platinum Checking
0.15%$10k-Platinum Business Checking
0.10%--Premier Checking

Premier America Credit Union Savings Account Rates

ApyMinMaxProduct
5.00%-$500Smart Savings
0.15%--Regular Savings
0.15%--Holiday Account
0.15%--IRA Savings
0.15%--Business Savings

Premier America Credit Union Money Market Rates

ApyMinMaxProduct
0.70%$100k-Gold Star Money Market
0.70%$100k-Business Gold Star Money Market
0.65%$100k-Money Market Savings
0.65%$100k-Business Money Market Savings
0.55%$50k-Advantage Money Market
0.55%$50k-Business Advantage Money Market
0.50%$25k-Index Plus Money Market
0.50%$25k-Business Index Plus Money Market

Premier America Credit Union CD Rates

ApyMinMaxProduct
1.25%$100k-36 Month CD
1.25%$100k-Business 36 Month CD
1.05%$100k-24 Month CD
1.05%$100k-Business 24 Month CD
0.95%$100k-18 Month CD
0.95%$100k-Business 18 Month CD
0.80%$100k-12 Month CD
0.80%$100k-Business 12 Month CD
0.65%$100k-6 Month CD
0.65%$100k-Business 6 Month CD

Premier America Credit Union IRA Rates

ApyMinMaxProduct
1.05%$100k-24 Month IRA
1.05%$100k-36 Month IRA
0.95%$100k-18 Month IRA
0.80%$100k-12 Month IRA
0.65%$100k-6 Month IRA

Rates updated: 5/27/2012

Data for Q4 2011


Institution Statistics


PREMIER AMERICA
NCUA #68428
BankRate ReportView
Year Chartered1957
Employees185
Primary Regulator

Assets and Liabilities

Assets$1.32 billion
Loans$756.09 million
Deposits$1.08 billion
Equity Capital$119.15 million
Loan Loss Allowance$34.58 million
Unbacked Noncurrent Loans$33.14 million
Real Estate Owned$1.35 million

Historic Data - December 2010

Assets$1.30 billion
Equity Capital$112.47 million
Loan Loss Allowance$34.72 million
Unbacked Noncurrent Loans$23.65 million
Real Estate Owned$1.92 million

Profit Margin - Quarterly

Net Interest Margin5.33%
Return on Assets0.49%
Return on Equity5.44%
Interest Income$47.38 million
Non-Interest Income$8.59 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio3
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Premier America Credit Union had $34.49 million in non-current loans and owned real-estate with $153.73 million in equity and loan loss allowances on hand to cover it. This gives Premier America Credit Union a Texas Ratio of 22.43% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for Premier America Credit Union increased slightly from 17.37% as of December 31, 2010 to 22.43% as of December 31, 2011, resulting in a negative change of 29.17%. This indicates that the balance sheet and financial strength for Premier America Credit Union has declined slightly in recent periods.
Deposit Growth5
In the past year, Premier America Credit Union has increased its total deposits by $61.1 million, resulting in 5.99% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Premier America Credit Union has shown is excellent.
Capitalization4
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Premier America Credit Union has $1.32 billion in assets with $153.73 million in equity, resulting in a capitalization level of 11.69%, which is above average.
Write Review

A Convenient Credit Union, Plus Reference Bonus
3 stars - wahs - Friday, June 18, 2010 - 3:23 PM

There are two reasons I open account at Premier Credit Union:

1. It has a branch and an ATM machine next to my office which is very convinient to me to get cash.

2. It offers Reference Bonus (currently $50) for both old and new members. This bonus is easily surpass the balance of your savings.

Their loans interests are not as low as other credit unions (PenFed, for example). But your mileage may varies.

2

Good Public Relations
4 stars - adityanm - Sunday, May 15, 2011 - 2:28 PM

you can earn 5% on $500 without too much of hassle that is $25 in a year.

1