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Overview / Commentary
800-468-0634
5495 Arapahoe Ave
Boulder, CO 80303-1260

Premier Members Credit Union is headquartered in Boulder and is the 9th largest credit union in the state of Colorado. It is also the 484th largest credit union in the nation. It was established in 1966 and as of March of 2014, it had grown to 119 employees and 41,101 members. Premier Members Credit Union has a A+ health rating.

Field of Membership Restrictions

Must be an employee of several Select Employee Groups. - See Details

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Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

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 Members Credit Union had $3.9 million in non-current loans and owned real-estate with $57.75 million in equity and loan loss allowances on hand to cover it. This gives Premier Members Credit Union a Texas Ratio of 6.76% 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 Members Credit Union experienced no significant changes from 6.83% as of March 31, 2013 to 6.76% as of March 31, 2014, resulting in a positive change of 0.93%.This indicates that the balance sheet and financial strength for Premier Members Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Premier Members Credit Union has increased its total deposits by $22.88 million, resulting in 5.89% 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 Members Credit Union has shown is excellent.

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 Members Credit Union has $468.16 million in assets with $57.75 million in equity, resulting in a capitalization level of 12.34%, which is excellent.

Institution Statistics

Overall
NCUA #17277
Year Chartered1966
Employees119
Primary Regulator
Assets and Liabilities
Assets$468.16 million
Loans$366.23 million
Deposits$411.06 million
Equity Capital$51.49 million
Loan Loss Allowance$6.26 million
Unbacked Noncurrent Loans$3.20 million
Real Estate Owned$705,000
Historic Data - March 2013
Assets$442.36 million
Equity Capital$48.18 million
Loan Loss Allowance$4.97 million
Unbacked Noncurrent Loans$3.20 million
Real Estate Owned$1.11 million
Profit Margin - Quarterly
Net Interest Margin1.24%
Return on Assets1.11%
Return on Equity10.11%
Interest Income$4.93 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Premier Members Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Premier Members Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Regular Share Savings
0.05%--Holiday Club Account
0.05%--IRA Savings
0.05%--Roth IRA Savings
0.05%--Coverdell Education Savings Account
0.05%--Business Share Savings

Premier Members Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$25k-Premier IRA Money Market
0.20%$25k-Premier Investors Money Market
0.20%$25k-Business Money Market

Premier Members Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$100k-Executive Checking
0.05%$5k-Business Executive Checking

Premier Members Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.51%$50k-60 Month Jumbo CD
1.41%$1k$50k60 Month CD
1.31%$50k-48 Month Jumbo CD
1.21%$1k$50k4 Year CD
1.00%$50k-36 Month Jumbo CD
0.90%$1k$50k36 Month CD
0.70%$50k-24 Month Jumbo CD
0.60%$1k$50k24 Month CD
0.55%--18 Month Fast Track
0.50%$1k$50k18 Month CD
0.50%$50k-270 - 365 Day Jumbo CD
0.40%$1k$50k1 Year CD
0.30%$50k-180 - 289 Day Jumbo CD
0.20%$1k$50k6 Month CD
0.15%--6 Month Fast Track
0.15%$50k-90 - 179 Day Jumbo CD
0.05%$1k$50k4 Month CD

Premier Members Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.21%$500-4 Year IRA
0.60%$500-2 Year IRA
0.40%$500-1 Year IRA
Locations

Premier Members Credit Union has 11 locations. Click to view all Premier Members Credit Union locations.