Premier CU (NC) is headquartered in Greensboro and is the 17st largest credit union in the state of North Carolina. It is also the 1,113st largest credit union in the nation. It was established in 1963 and as of March of 2014, it had grown to 68 employees and 24,686 members. Premier CU (NC)'s savings rates are 44% higher than the national average, and it has a A health rating.
Must be an employee of one of the several Select Employer Groups. - See Details
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!!!
The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Premier CU (NC) had $1.54 million in non-current loans and owned real-estate with $22.58 million in equity and loan loss allowances on hand to cover it. This gives Premier CU (NC) a Texas Ratio of 6.81% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Premier CU (NC) experienced no significant changes from 7.44% as of March 31, 2013 to 6.81% as of March 31, 2014, resulting in a positive change of 8.46%.This indicates that the balance sheet and financial strength for Premier CU (NC) has had no significant changes in recent periods.
In the past year, Premier CU (NC) has increased its total deposits by $2.97 million, resulting in 2.29% 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.
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 $155.81 million in assets with $22.58 million in equity, resulting in a capitalization level of 14.49%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$21.25 million|
|Loan Loss Allowance||$1.33 million|
|Unbacked Noncurrent Loans||$1.31 million|
|Real Estate Owned||$232,000|
|Historic Data - March 2013|
|Equity Capital||$20.40 million|
|Loan Loss Allowance||$1.23 million|
|Unbacked Noncurrent Loans||$1.31 million|
|Real Estate Owned||$940,000|
|Profit Margin - Quarterly|
|Return on Assets||0.91%|
|Return on Equity||6.64%|
|Interest Income||$1.77 million|
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|0.75%||-||-||Individual Retirement Account|
|0.25%||$25||-||Regular Savings Account|
|0.25%||$25||-||Milestone Savings Account|
|0.35%||$50k||-||Money Market Accounts|
|0.35%||$50k||-||Business Money Market|
|0.05%||-||-||Business Interest Checking|
|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||$50k||6 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||$50k||3 Month CD|
|0.35%||$500||-||3 Month Business CD|
|1.25%||$1k||-||60 Month IRA Share|
|1.10%||$1k||-||36 Month IRA Share|
|0.90%||$1k||-||24 Month IRA Share|
|Premier CU (NC) Locations|
|Branch Office||306 N Main St||Graham, NC 27253|
|Branch Office||3863 Carlisle Chester Hwy||Carlisle, SC 29031|
|Branch Office||1601 Brenner Ave||Salisbury, NC 28144|
|Branch Office||2116 Statesville Blvd||Salisbury, NC 28147|
|Branch Office||1113 Shelby Rd||Kings Mountain, NC 28086|
|Branch Office||148 Charlotte St||Asheville, NC 28801|
|Branch Office||1400 Yanceyville St||Greensboro, NC 27405|
|Branch Office||2270 US 74 BUS HWY STE 253||Forest City, NC 28043|