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Premier America Credit Union


Overview / Commentary
www.premieramerica.com
800-772-4000
19867 Prairie St
Chatsworth, CA 91311-2177

Premier America Credit Union is headquartered in Chatsworth and is the 20th largest credit union in the state of California. It is also the 96th largest credit union in the nation. It was established in 1957 and as of September of 2019, it had grown to 296 employees and 115,557 members at 21 locations. Premier America Credit Union's money market rates are 3X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in Premier America Credit Union is open anyone through joining Thousand Oaks Alliance for the Arts. Membership is also open to the following: (1) those who reside, work, attend school, or worship within a 10-mile radius of the credit union’s Westchase branch in Houston, TX; (2) those who reside, work, worship or attend school in Ventura or Los Angeles counties in CA; (3) family of credit union members. (Complete membership requirements are listed in the credit union’s online application)
See current membership details

Related Posts

Premier America Credit Union 60-Month CD Earns 3.00% APY - 8/26/2019

Premier America Credit Union (easy membership) is offering 3.00% APY on its 60-month CD. Minimum opening deposit is $1k, with no stated balance cap. Also as an IRA.

View all posts from:

2/29/16 - Premier America CU Offers Nationally Available 12-Month CD
2/13/15 - Special 13-Month CD at Premier America Credit Union in SoCal
3/13/13 - Special 13-Month CD at Premier America Credit Union
4/15/12 - Telesis Management Taken Over By Premier America
8/22/10 - $50 Checking Account Bonus At Premier America Credit Union In TX
9/15/09 - 12% 12-Month CD ($1,200 Max) at Premier America Credit Union in CA & TX - Local Only
9/28/08 - 4.20% 8-Month CD at Premier America Credit Union in Houston
9/17/08 - 4.20% 10-Month Liquid CD at Telesis Community CU in California
9/6/08 - 4.00% 7-Month CD at Premier America Credit Union - Easy Membership
7/10/08 - 10.00% 5-Month CD at a California CU - $2K Max (Telesis Community)
5/3/08 - 5.00% 5-Month CD at a Premier America CU - $5K Max - Easy Membership.
3/15/08 - 7.00% 6-Month CD at a Premier America CU - $5K Max - Easy Membership.
2/19/08 - 7.00% 6-Month CD ($5K Max) at Premier America Credit Union is Extended
2/9/08 - 7.00% 7-Month CD at a Texas CU - $7K Max (Premier America).
2/9/08 - Premier America Still Advertising 7% 7-Month 7K-Max CD in Houston.
10/31/07 - 5.00% Money Market Account Guaranteed to 6/30/08 at a TX/CA Credit Union with Easy Membership (Premier America)
5/13/07 - 7.00% 7-Month CD at a California / Texas CU - $7K Max (Premier America)
5/5/07 - 12% 12-Month CD at a Texas / California CU - $1.2K Max (Premier America)
3/26/07 - 7.00% 7-Month CD ($7K Max) is Back at Premier America Credit Union
3/2/07 - 7.00% 7-Month CD at a Texas CU - $7K Max (Premier America)
7/13/06 - 5.65% 8-Month CD at a California CU (Premier America)
6/4/06 - 7% 7-Month CD at a California CU ($7K max)
4/24/06 - 6% 24-Month CD at a California CU (Variable)

Reviews (12)

Longtime Member

Posted by: |

I have been a member of PACU since 2002. I was actually the Autoland rep from 2002 to 2010. I enjoyed working at PACU and I still keep in touch with many of the people I met there.

The credit union has grown and with acquisitions comes challenges. They are no longer the small, local banking institution and I do notice I have to make a few more calls to get things taken care of. I understand this and I'm okay with it, because it means that they will continue to stay in business and thrive.

Recently, I spent 2 1/2 years at a very small credit union as the Direct Auto rep. Much different experience. With a small credit union, you feel more like it's a private group of friends, which is nice. The negative is that it's treated more like a sole proprietor business and many decisions are made without proper consultation. Unfortunately, it puts the organization at risk of financial losses and adds liability.

From a customer point of view, the small, local credit union is nice and more friendly, however for longevity, I'm not sure how well they'll survive when something bad happens.

I give PACU 5 stars, because I need a financial institution that will not be forced to close in bad economic times and I feel that PACU has the right management and depth the make the proper decisions. I'm making a conscious decision to accept slightly less customer service for stability.

1

Best To Go In Person To Open

Posted by: |

Although you can fund this promo CD via ACH transfer online...you're limited to 20K.

4

Mediocre at best

Posted by: |

I have been a client of Premier America Credit Union for a few years now and am honestly not very happy with them. I have a checking account and a savings account there, both of which require ridiculous minimum balances in order to avoid fees. Their products are not very competitive, they are pretty standard compared to other banks. They are also not very good about doing fee reversals. I had a returned check (through no fault of my own) a few weeks ago and was charged a $34 fee. When I called their customer service to ask about reversing the fee, their answer was a flat-out no. They treated me like an inconvenience and it made me really mad. I also do not care for their website or mobile app. I think they are both poorly designed and do not work well. Overall I am considering switching banks and would not recommend this credit union to others.

5

Good Public Relations

Posted by: |

you can earn 5% on $500 without too much of hassle that is $25 in a year.

6
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Health
A

Data as of Q3 2019

Learn why bank health matters

Health Grade Components

Overall
NCUA #68428
Year Chartered1957
Employees296
Primary Regulator
Profit Margin
Return on Assets - YTD0.83%
Return on Equity - YTD7.79%
Annual Interest Income$76.5MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$2.78B$2.50B
LoansQ3 2019vs Q3 2018$2.26B$2.11B
DepositsQ3 2019vs Q3 2018$2.47B$2.21B
Equity CapitalQ3 2019vs Q3 2018$294.9MM$271.4MM
Loan Loss AllowanceQ3 2019vs Q3 2018$11.5MM$12.6MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$31.4MM$17.1MM
Real Estate OwnedQ3 2019vs Q3 2018$1.3MM$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Premier America Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Premier America Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%--Smart Savings
0.30%--Regular Savings
0.30%--Holiday Savings
0.30%--IRA Savings
0.30%--Business Savings

Premier America Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%*$500k*-Money Market Savings
OTHER TIERS: 0.95% → $2.5k - $25k | 1.05% → $25k - $50k | 1.10% → $50k - $100k | 1.30% → $100k - $250k | 1.40% → $250k - $500k
1.50%*$500k*-Business Money Market Savings
OTHER TIERS: 0.95% → $2.5k - $25k | 1.05% → $25k - $50k | 1.10% → $50k - $100k | 1.30% → $100k - $250k | 1.40% → $250k - $500k
1.50%*$500k*-IRA Money Market Savings
OTHER TIERS: 0.95% → $2.5k - $25k | 1.05% → $25k - $50k | 1.10% → $50k - $100k | 1.30% → $100k - $250k | 1.40% → $250k - $500k

Premier America Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%$5k-Platinum Checking
0.20%--Platinum Business Checking
0.10%--Premier Checking

Premier America Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%$1k-60 Month CD
2.50%$1k-Business 60 Month CD
2.45%*$100k*-48 Month CD
OTHER TIERS: 2.30% → $1k - $10k | 2.35% → $10k - $25k | 2.40% → $25k - $100k
2.45%*$100k*-Business 48 Month CD
OTHER TIERS: 2.30% → $1k - $10k | 2.35% → $10k - $25k | 2.40% → $25k - $100k
2.30%*$100k*-36 Month CD
OTHER TIERS: 2.15% → $1k - $10k | 2.20% → $10k - $25k | 2.25% → $25k - $100k
2.30%*$100k*-Business 36 Month CD
OTHER TIERS: 2.15% → $1k - $10k | 2.20% → $10k - $25k | 2.25% → $25k - $100k
2.15%*$100k*-24 Month CD
OTHER TIERS: 2.00% → $1k - $10k | 2.05% → $10k - $25k | 2.10% → $25k - $100k
2.15%*$100k*-Business 24 Month CD
OTHER TIERS: 2.00% → $1k - $10k | 2.05% → $10k - $25k | 2.10% → $25k - $100k
2.05%$1k-12 Month CD
2.05%$1k-Business 12 Month CD
2.00%*$100k*-18 Month CD
OTHER TIERS: 1.85% → $1k - $10k | 1.90% → $10k - $25k | 1.95% → $25k - $100k
2.00%*$100k*-Business 18 Month CD
OTHER TIERS: 1.85% → $1k - $10k | 1.90% → $10k - $25k | 1.95% → $25k - $100k
1.45%*$100k*-6 Month CD
OTHER TIERS: 1.30% → $1k - $10k | 1.35% → $10k - $25k | 1.40% → $25k - $100k
1.45%*$100k*-Business 6 Month CD
OTHER TIERS: 1.30% → $1k - $10k | 1.35% → $10k - $25k | 1.40% → $25k - $100k
1.15%*$100k*-3 Month CD
OTHER TIERS: 1.00% → $1k - $10k | 1.05% → $10k - $25k | 1.10% → $25k - $100k
1.15%*$100k*-Business 3 Month CD
OTHER TIERS: 1.00% → $1k - $10k | 1.05% → $10k - $25k | 1.10% → $25k - $100k

Premier America Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%$1k-60 Month IRA
2.45%*$100k*-48 Month IRA
OTHER TIERS: 2.30% → $1k - $10k | 2.35% → $10k - $25k | 2.40% → $25k - $100k
2.30%*$100k*-36 Month IRA
OTHER TIERS: 2.15% → $1k - $10k | 2.20% → $10k - $25k | 2.25% → $25k - $100k
2.15%*$100k*-24 Month IRA
OTHER TIERS: 2.00% → $1k - $10k | 2.05% → $10k - $25k | 2.10% → $25k - $100k
2.05%$1k-12 Month IRA
2.00%*$100k*-18 Month IRA
OTHER TIERS: 1.85% → $1k - $10k | 1.90% → $10k - $25k | 1.95% → $25k - $100k
1.45%*$100k*-6 Month IRA
OTHER TIERS: 1.30% → $1k - $10k | 1.35% → $10k - $25k | 1.40% → $25k - $100k
1.15%*$100k*-3 Month IRA
OTHER TIERS: 1.00% → $1k - $10k | 1.05% → $10k - $25k | 1.10% → $25k - $100k
Locations

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