Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
P.O. Box 26590
Greensboro, NC 27415

Premier CU (NC) is headquartered in Greensboro and is the 17st largest credit union in the state of North Carolina. It is also the 1,132nd largest credit union in the nation. It was established in 1963 and as of December of 2013, it had grown to 68 employees and 24,267 members. Premier CU (NC)'s savings rates are 44% higher than the national average, and it has a A health rating.

Field of Membership Restrictions

Must be an employee of one of the several Select Employer Groups. - See Details

Related Posts



Reviews (1)

Don't Bother With A Mail-In Application...

I mailed in a application and never heard from the credit union. After about 10 days I called and spoke to a CSR who ask for my SS# to look for my application. Unable to find it she placed me on hold and called the "operations" person who informed her they had never recieved one from me??? Futher, she said they do not bother to reply to prospective customers who they reject (???) but just shred their applications!!!  



Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A

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, 2013 Premier CU (NC) had $1.93 million in non-current loans and owned real-estate with $22.17 million in equity and loan loss allowances on hand to cover it. This gives Premier CU (NC) a Texas Ratio of 8.70% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Premier CU (NC) experienced no significant changes from 9.44% as of December 31, 2012 to 8.70% as of December 31, 2013, resulting in a positive change of 7.81%.This indicates that the balance sheet and financial strength for Premier CU (NC) has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Premier CU (NC) has increased its total deposits by $3.67 million, resulting in 2.98% 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 CU (NC) has shown is above average.

Capitalization

GRADE:
A+

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 CU (NC) has $149.24 million in assets with $22.17 million in equity, resulting in a capitalization level of 14.86%, which is excellent.

Institution Statistics

Overall
NCUA #15863
Year Chartered1963
Employees68
Primary Regulator
Assets and Liabilities
Assets$149.24 million
Loans$89.37 million
Deposits$126.73 million
Equity Capital$20.89 million
Loan Loss Allowance$1.29 million
Unbacked Noncurrent Loans$1.11 million
Real Estate Owned$823,000
Historic Data - December 2012
Assets$144.59 million
Equity Capital$20.15 million
Loan Loss Allowance$1.30 million
Unbacked Noncurrent Loans$1.11 million
Real Estate Owned$1.02 million
Profit Margin - Quarterly
Net Interest Margin6.55%
Return on Assets0.58%
Return on Equity4.13%
Interest Income$6.52 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Premier CU (NC), we are a rate comparison website and can not provide official rates or promotions.

Premier CU (NC) Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.75%--Individual Retirement Account
0.25%$25-Regular Savings Account
0.25%$25-Milestone Savings Account
0.25%$100-Business Savings
0.20%--Club Accounts

Premier CU (NC) Money Market Rates

DetailsAPYMINMAXPRODUCT
0.35%$50k-Money Market Accounts
0.35%$50k-Business Money Market

Premier CU (NC) Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Checking
0.05%--Business Interest Checking

Premier CU (NC) CD Rates

DetailsAPYMINMAXPRODUCT
1.10%$500-36 Month CD
1.10%$500-36 Month Business CD
1.00%$500-30 Month CD
1.00%$500-30 Month Business CD
0.90%$500-24 Month CD
0.90%$500-24 Month Business CD
0.80%$500-12 Month CD
0.80%$500-12 Month Business CD
0.75%$250-12 Month Add-on CD
0.75%$250-12 Month Add-on Business CD
0.50%$50k-6 Month Jumbo CD
0.50%$50k-6 Month Jumbo Business CD
0.45%$500$50k6 Month CD
0.45%$500-6 Month Business CD
0.40%$50k-3 Month Jumbo CD
0.40%$50k-3 Month Jumbo Business CD
0.35%$500$50k3 Month CD
0.35%$500-3 Month Business CD

Premier CU (NC) IRA Rates

DetailsAPYMINMAXPRODUCT
1.25%$1k-60 Month IRA Share
1.10%$1k-36 Month IRA Share
0.90%$1k-24 Month IRA Share
Locations


Premier CU (NC) Locations
Branch Office306 N Main StGraham, NC 27253
Branch Office3863 Carlisle Chester HwyCarlisle, SC 29031
Branch Office1601 Brenner AveSalisbury, NC 28144
Branch Office2116 Statesville BlvdSalisbury, NC 28147
Branch Office1113 Shelby RdKings Mountain, NC 28086
Branch Office148 Charlotte StAsheville, NC 28801
Branch Office1400 Yanceyville StGreensboro, NC 27405
Branch Office2270 US 74 BUS HWY STE 253Forest City, NC 28043