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

NCUA

Premier America Credit Union is headquartered in Chatsworth and is the 21st largest credit union in the state of California. It is also the 118st largest credit union in the nation. It was established in 1957 and as of December of 2012, it had grown to 212 employees and 75,670 members. Premier America Credit Union's money market rates are 59% higher than the national average, and it boasts a 5-star health rating.

Premier America Credit Union Routing Number: 322283990

Related Posts

Special 13-Month CD at Premier America Credit Union - 3/13/2013

It's difficult finding short-term CDs with rates over 1.00% these days. This is especially the case if you prefer to open a CD at a brick-and-mortar branch. If you're searching for this CD, you migh ...

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...

2008

2007




Report an Issue
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
0.15%--Education IRA Savings
0.15%--Roth IRA Savings

Premier America Credit Union Money Market Rates

ApyMinMaxProduct
0.70%$100k-Gold Star Money Market
0.70%$100k-Business Gold Star Money Market
0.70%$100k-Gold Star Money Market IRA Account
0.70%$100k-Gold Star Money Market Roth IRA Account
0.70%$100k-Gold Star Money Market CESA
0.50%$50k-Advantage Money Market
0.50%$100k-Money Market Savings
0.50%$50k-Business Advantage Money Market
0.50%$100k-Business Money Market Savings
0.50%$100k-IRA Money Market Savings
0.50%$100k-Roth IRA Money Market Savings
0.50%$100k-Education IRA Money Market Savings
0.50%$50k-Advantage Money Market IRA Account
0.50%$50k-Advantage Money Market Roth IRA Account
0.50%$50k-Advantage Money Market CESA
0.45%$25k-Index Plus Money Market
0.45%$25k-Business Index Plus Money Market
0.45%$25k-Index Plus Money Market IRA Account
0.45%$25k-Index Plus Money Market Roth IRA Account
0.45%$25k-Index Plus Money Market CESA

Premier America Credit Union CD Rates

ApyMinMaxProduct
1.35%$100k-60 Month CD
1.35%$100k-Business 60 Month CD
1.25%$100k-48 Month CD
1.25%$100k-Business 48 Month CD
1.15%$100k-36 Month CD
1.15%$100k-Business 36 Month CD
1.00%$100k-24 Month CD
1.00%$100k-Business 24 Month CD
0.90%$100k-18 Month CD
0.90%$100k-Business 18 Month CD
0.85%$100k-12 Month CD
0.85%$100k-Business 12 Month CD
0.70%$100k-6 Month CD
0.70%$100k-Business 6 Month CD
0.40%$100k-3 Month CD
0.40%$100k-Business 3 Month CD

Premier America Credit Union IRA Rates

ApyMinMaxProduct
1.35%$100k-60 Month IRA
1.35%$100k-60 Month Roth IRA
1.35%$100k-60 Month Education IRA
1.25%$100k-48 Month IRA
1.25%$100k-48 Month Roth IRA
1.25%$100k-48 Month Education IRA
1.15%$100k-36 Month IRA
1.15%$100k-36 Month Roth IRA
1.15%$100k-36 Month Education IRA
1.00%$100k-24 Month IRA
1.00%$100k-24 Month Roth IRA
1.00%$100k-24 Month Education IRA
0.90%$100k-18 Month IRA
0.90%$100k-18 Month Roth IRA
0.90%$100k-18 Month Education IRA
0.85%$100k-12 Month IRA
0.85%$100k-12 Month Roth IRA
0.85%$100k-12 Month Education IRA
0.70%$100k-6 Month IRA
0.70%$100k-6 Month Roth IRA
0.70%$100k-6 Month Education IRA
0.40%$100k-3 Month IRA
0.40%$100k-3 Month Roth IRA
0.40%$100k-3 Month Education IRA

Rates updated: 5/25/2013

Data for Q4 2012


Institution Statistics


PREMIER AMERICA
NCUA #68428
BankRate ReportView
Year Chartered1957
Employees212
Primary Regulator

Assets and Liabilities

Assets$1.47 billion
Loans$756.67 million
Deposits$1.32 billion
Equity Capital$129.36 million
Loan Loss Allowance$30.50 million
Unbacked Noncurrent Loans$22.12 million

Historic Data - December 2011

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

Profit Margin - Quarterly

Net Interest Margin4.88%
Return on Assets0.71%
Return on Equity8.01%
Interest Income$43.05 million
Non-Interest Income$17.67 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio4
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, 2012 Premier America Credit Union had $22.12 million in non-current loans and owned real-estate with $159.86 million in equity and loan loss allowances on hand to cover it. This gives Premier America Credit Union a Texas Ratio of 13.84% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Premier America Credit Union decreased slightly from 22.43% as of December 31, 2011 to 13.84% as of December 31, 2012, resulting in a positive change of 38.33%.This indicates that the balance sheet and financial strength for Premier America Credit Union has improved slightly in recent periods.
Deposit Growth5
In the past year, Premier America Credit Union has increased its total deposits by $235.02 million, resulting in 21.73% 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 $1.47 billion in assets with $159.86 million in equity, resulting in a capitalization level of 10.89%, 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
 
Nationwide Savings Accounts
Featured Accounts
CIT Bank
3-year Term IRA CD
1.21% APY

CIT Bank
* All banks listed are a Member FDIC.