The autumnal equinox was about 10 days ago. California-based Premier America Credit Union (Premier America CU) is marking the change of season by offering a 16-month Fall Certificate Special (3.00% APY). This limited-time offer requires a minimum deposit is $1k, with no stated balance cap.
As stated in the Fall Certificate Disclosure, the Early Withdrawal Penalty reads as follows:
A withdrawal of all or a portion of the principal before the maturity date shall be subject to an early withdrawal penalty of 180 days loss of dividends and may cause the cancellation of the Certificate.
Headquartered in Chatsworth, California, Premier America Credit Union’s field of membership offers a way to join for almost any US resident who has a valid Social Security number. The online application lists three different routes to membership.
Easy Membership Requirement: Joining the Alliance for the Arts, automatically qualifies you for Premier American CU membership. The last option on the online application reads, "None of the above apply. I want to join Thousand Oaks Alliance for the Arts."
California Residency: Individuals who live, work, worship, or attend school in Los Angeles County or Ventura County are eligible to join.
Texas Residency: Individuals who live, work, worship, or attend school within 10 miles of the Westchase branch in Houston qualify for membership.
Family Relationship: Family members of current Premier America CU members are eligible to join.
Information about membership eligibility is available on the first page of Premier America CU’s time-sensitive online application.
Applying for membership and/or opening a Fall Certificate Special can be done online or at any of 19 California branches located in Burbank (2), Camarillo, Chatsworth, Granada Hills, Oxnard (2), Reseda, Santa Monica, Simi Valley (2), Thousand Oaks, Universal City, Valencia, Venture, Westlake Village (2), and Woodland Hills (2). Premier America CU also has two branches in Houston.
Credit Union Overview
Premier America Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 7.92% (excellent) based on June 30, 2018 data. In the past year, Premier America CU has increased its total non-brokered deposits by $106.13 million, an excellent annual growth rate of 5%. Please refer to our financial overview of Premier America Credit Union (NCUA Certificate # 68428) for more details.
Premier America Credit Union was originally established in 1957 as the Litton Employees Federal Credit Union, benefiting Litton Industries employees throughout Southern California. (Named after inventor Charles Litton, Sr., Litton Industries was a large defense contractor, which was bought by the Northrop Grumman Corporation in 2001.) In 1963, Litton Industries acquired Western Atlas (a Texas oil and gas company), giving the Credit Union a foothold in Texas. Premier America CU was the last out-of-state credit union to expand into Texas just days before the state’s credit union commission adopted a rule in 1999 prohibiting such expansion. Currently the 19th largest credit union in California, Premier America Credit Union has more than 107,100 members and assets in excess of $2.5 billion.
How the Fall Certificate Special Compares
When compared to 169 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available nationwide, Premier America Credit Union's 16-month Fall CD Special APY currently ranks first.*FYI – NASA FCU's 15-months Share Certificate rate dropped yesterday to 2.75% APY.
The above rates are accurate as of 10/2/2018.
To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.