Premier America Credit Union is headquartered in Chatsworth and is the 20th largest credit union in the state of California. It is also the 98th largest credit union in the nation. It was established in 1957 and as of December of 2019, it had grown to 300 employees and 116,238 members at 21 locations. Premier America Credit Union 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 in Harris County, Texas; (2) those who reside, work, worship or attend school in Ventura or Los Angeles Counties in California; (3) family of credit union members. (Complete membership requirements are listed in the credit union’s online application)
See current membership details
Related Posts
1/28 - Premier America Credit Union’s Latest Special, 17-Month CD, 3.20% APY
1/26 - 17 Mo. CD, 3.20% APY
1/18 - Premier America Credit Union Ups 16-Month CD Special, 3.15% APY
1/3 - Premier America Credit Union Ups 15-Month CD Special, 3.10% APY
4/5 - 2.10% APY On A 14-Month Certificate Special In Socal & Houston
9/17/17 - Premier America CU Offering 16-Month CD At 1.70% APY
3/27/17 - 1.25% APY On A 13-Month Certificate In Socal & Houston
2/12/17 - 1.50% 18-Month Certificate & $100 Refer-A-Friend Bonus In SoCal & Houston
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)
Longtime Member
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.
Best To Go In Person To Open
Although you can fund this promo CD via ACH transfer online...you're limited to 20K.
Mediocre at best
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.
Good Public Relations
you can earn 5% on $500 without too much of hassle that is $25 in a year.
Data as of Q4 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68428 |
| Year Chartered | 1957 |
| Employees | 300 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.69% |
| Return on Equity - YTD | 6.55% |
| Annual Interest Income | $101.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $2.83B$2.67B |
| Loans | Q4 2019vs Q4 2018 | $2.22B$2.18B |
| Deposits | Q4 2019vs Q4 2018 | $2.52B$2.38B |
| Equity Capital | Q4 2019vs Q4 2018 | $297.3MM$277.5MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $8.5MM$11.6MM |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $24.1MM$20.7MM |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$44.00K |
