1 star ratingAverage User Rating:
1 star rating based on 1 review.

Premier One Credit Union

Premier One Credit Union Locations
140 Asbury St
San Jose, CA 95110
855-500-7128
premieronecu.org

NCUA


Premier One Credit Union is headquartered in SANTA CLARA and is the 110st largest credit union in the state of California. It is also the 892nd largest credit union in the nation. It was established in 1968 and as of December of 2012, it had grown to 23 employees and 13,629 members. Premier One Credit Union has a 4-star health rating.

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

Premier One Credit Union Checking Account Rates

ApyMinMaxProduct
0.50%-$25kPremierOne Spend Account

Premier One Credit Union Savings Account Rates

ApyMinMaxProduct
3.00%-$6,250Health Savings Account
0.30%$25k-IRA Share Account
0.30%$25k-Roth IRA Share Account
0.30%$25k-CESA Share Account
0.05%$100-Regular Share Account
0.05%--Select Savings Maturity Date 11-1
0.05%--Select Savings Maturity Date 6-1
0.05%$50-Additional Share Account
0.05%--Kids1st Club
0.05%--Teen Savings
0.05%--Trust Savings
0.05%$50-Business Savings

Premier One Credit Union Money Market Rates

ApyMinMaxProduct
0.20%$250k-Premier Money Market

Premier One Credit Union CD Rates

ApyMinMaxProduct
1.00%$1k-60 Month CD
0.90%$1k-48 Month CD
0.70%$1k-36 Month CD
0.45%$1k-24 Month CD
0.35%$1k-18 Month CD
0.30%$1k-12 Month CD
0.25%$1k-6 Month CD
0.10%$1k-3 Month CD

Premier One Credit Union IRA Rates

ApyMinMaxProduct
1.00%$1k-60 Month CESA
1.00%$1k-60 Month IRA
1.00%$1k-60 Month Roth IRA
0.90%$1k-48 Month CESA
0.90%$1k-48 Month IRA
0.90%$1k-48 Month Roth IRA
0.70%$1k-36 Month CESA
0.70%$1k-36 Month IRA
0.70%$1k-36 Month Roth IRA
0.45%$1k-24 Month IRA
0.45%$1k-24 Month Roth IRA
0.45%$1k-24 Month CESA
0.35%$1k-18 Month IRA
0.35%$1k-18 Month Roth IRA
0.35%$1k-18 Month CESA
0.30%$1k-12 Month IRA
0.30%$1k-12 Month Roth IRA
0.30%$1k-12 Month CESA
0.25%$1k-6 Month IRA
0.25%$1k-6 Month Roth IRA
0.25%$1k-6 Month CESA
0.10%$1k-3 Month IRA
0.10%$1k-3 Month Roth IRA
0.10%$1k-3 Month CESA

Rates updated: 5/24/2013 * Not all products updated

Data for Q4 2012


Institution Statistics


NATIONAL 1ST
NCUA #68540
BankRate ReportView
Year Chartered1968
Employees23
Primary Regulator

Assets and Liabilities

Assets$198.16 million
Loans$91.86 million
Deposits$178.94 million
Equity Capital$18.48 million
Loan Loss Allowance$1.39 million
Unbacked Noncurrent Loans$1.19 million

Historic Data - December 2011

Assets$200.08 million
Equity Capital$17.21 million
Loan Loss Allowance$2.69 million
Unbacked Noncurrent Loans$1.25 million

Profit Margin - Quarterly

Net Interest Margin5.25%
Return on Assets0.66%
Return on Equity7.04%
Interest Income$6.01 million
Non-Interest Income$1.38 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio5
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 One Credit Union had $1.19 million in non-current loans and owned real-estate with $19.87 million in equity and loan loss allowances on hand to cover it. This gives Premier One Credit Union a Texas Ratio of 5.97% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Premier One Credit Union held steady from 6.30% as of December 31, 2011 to 5.97% as of December 31, 2012, resulting in a positive change of 5.15%.This indicates that the balance sheet and financial strength for Premier One Credit Union has held steady in recent periods.
Deposit Growth2
In the past year, Premier One Credit Union has decreased its total deposits by -$3.14 million, resulting in -1.72% 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 One Credit Union has shown is below average.
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 One Credit Union has $198.16 million in assets with $19.87 million in equity, resulting in a capitalization level of 10.03%, which is above average.
Write Review

Beware National 1St
1 stars - Anon456 - Wednesday, January 16, 2013 - 1:50 PM

This regional credit union used to be wider in scope, so their poor service and products do not impact as many customers now.

They have an HSA savings account that used to have a pretty good rate.  BUT then they dropped the rates, and capped it, with a max to receive their teaser rate to be $6250 (lower than IRS limits for annual contributions).  So subsequent annual contributions will only get .005%.  You can do better at dozens of other banks or credit unions.

Lastly, they really do present a "we don't care" attitude.  They will probably have to do mergers to grow their business.

 

3