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855-500-7128
140 Asbury St
San Jose, CA 95110

Premier One Credit Union is headquartered in San Jose and is the 90th largest credit union in the state of California. It is also the 633rd largest credit union in the nation. It was established in 1968 and as of March of 2014, it had grown to 54 employees and 25,522 members. Premier One Credit Union's savings rates are 6X the national average, and it has a A health rating.

Field of Membership Restrictions

Live, Work, Worship or Go to School in Santa Clara County? You're Eligible Anyone who lives, works, worships or attends school in Santa Clara County, as well as any businesses, associations or organizations in Santa Clara County are invited to enjoy the benefits PremierOne Credit Union has to offer. - See Details

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Reviews (1)

Beware National 1St

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.

 



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 One Credit Union had $375,000 in non-current loans and owned real-estate with $34.57 million in equity and loan loss allowances on hand to cover it. This gives Premier One Credit Union a Texas Ratio of 1.08% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Premier One Credit Union decreased dramatically from 5.67% as of March 31, 2013 to 1.08% as of March 31, 2014, resulting in a positive change of 80.86%.This indicates that the balance sheet and financial strength for Premier One Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
C

In the past year, Premier One Credit Union has decreased its total deposits by -$4.39 million, resulting in -1.41% 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 average.

Capitalization

GRADE:
B+

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 $340.61 million in assets with $34.57 million in equity, resulting in a capitalization level of 10.15%, which is above average.

Institution Statistics

Overall
NCUA #68540
Year Chartered1968
Employees54
Primary Regulator
Assets and Liabilities
Assets$340.61 million
Loans$151.57 million
Deposits$307.90 million
Equity Capital$31.58 million
Loan Loss Allowance$3.00 million
Unbacked Noncurrent Loans$375,000
Real Estate Owned$0
Historic Data - March 2013
Assets$342.88 million
Equity Capital$29.79 million
Loan Loss Allowance$4.52 million
Unbacked Noncurrent Loans$375,000
Real Estate Owned$123,000
Profit Margin - Quarterly
Net Interest Margin1.15%
Return on Assets0.74%
Return on Equity7.95%
Interest Income$2.29 million
Rates

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

Premier One Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
3.00%-$6,450Health Savings Checking 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

DetailsAPYMINMAXPRODUCT
0.25%$250k-Premier Money Market

Premier One Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
1.00%-$25kPremierOne Spend Account - Qualifying
0.05%--PremierOne Spend Account - Non Qualifying

Premier One Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
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

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


Premier One Credit Union Locations
Branch Office88 S 4th StSan Jose, CA 95112-3582
Branch Office5353 ALMADEN EXPY # F-80SAN JOSE, CA 95118-3637
Branch Office2999 SAN YSIDRO WAYSANTA CLARA, CA 95051-0604
Branch Office140 Asbury StSan Jose, CA 95110