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Premier Federal Credit Union


Overview / Commentary
www.premierfcu.org
336-370-1286
1400 Yanceyville St
Greensboro, NC 27405-6930

Premier Federal Credit Union is headquartered in Greensboro and is the 19th largest credit union in the state of North Carolina. It is also the 1,108th largest credit union in the nation. It was established in 1963 and as of December of 2020, it had grown to 76 employees and 27,709 members at 7 locations. Premier Federal Credit Union's money market rates are 14% higher than the national average, and it boasts an A+ health rating.

Field of Membership Restrictions

Premier Federal Credit Union is open to anyone through joining the North Carolina Consumers Council ($20 membership fee), and those who live or work in Kings Mountain or a defined area in Forest City. Immediate family and members of one of the credit union's sponsor companies are also welcome.
See current membership details

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Reviews (2)

Not As Good As Other Credit Unions

Posted by: |

The biggest problem with Premier FCU is that they function like a little bitty local 1970's credit union. Times have changed. New products, websites, and other offerings that larger credit unions have are absent from Premier FCU. The app is terrible and is stuck in the 1980's. Innovative is not a word I would use for this credit union. It's 2021. If you want the best products, interest rates, offerings, and quick response time, look elsewhere. If you want to sit around and talk with Ma and Pa inside the bank, this is your place. Nothing wrong with good customer service, but this small credit union lags ways behind others in its products and services.

1

Don't Bother With A Mail-In Application...

Posted by: |

I mailed in a application and never heard from the credit union. After about 10 days I called and spoke to a CSR who ask for my SS# to look for my application. Unable to find it she placed me on hold and called the "operations" person who informed her they had never recieved one from me??? Futher, she said they do not bother to reply to prospective customers who they reject (???) but just shred their applications!!!  

5


Health
A+

Data as of Q4 2020

Learn why bank health matters

Health Grade Components

Overall
NCUA #15863
Year Chartered1963
Employees76
Primary Regulator
Profit Margin
Return on Assets - YTD0.16%
Return on Equity - YTD1.17%
Annual Interest Income$8.1MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$222.7MM$187.9MM
LoansQ4 2020vs Q4 2019$122.9MM$129.6MM
DepositsQ4 2020vs Q4 2019$189.6MM$156.3MM
Equity CapitalQ4 2020vs Q4 2019$30.9MM$30.5MM
Loan Loss AllowanceQ4 2020vs Q4 2019$1.2MM$1.4MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$938.00K$1.5MM
Real Estate OwnedQ4 2020vs Q4 2019$50.00K$333.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Premier Federal 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 Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%--Individual Retirement Account
0.20%$25-Regular Savings Account
0.20%$100-Business Savings
0.20%$25-Youth Savings
0.15%$5-Holiday Club
0.15%$5-Vacation Club

Premier Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$50k*-Money Market Accounts
OTHER TIERS: 0.30% → $1k - $10k | 0.35% → $10k - $25k | 0.40% → $25k - $50k
0.50%*$50k*-Business Money Market
OTHER TIERS: 0.30% → $1k - $10k | 0.35% → $10k - $25k | 0.40% → $25k - $50k

Premier Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Access Checking
0.10%--Access MORE Checking
0.05%$100-Business Checking Accounts

Premier Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%$500-Business 60 Month CD
0.65%$500-Business 48 Month CD
0.60%$500-Business 36 Month CD
0.60%$500-60 Month CD
0.55%$500-Business 24 Month CD
0.55%$500-48 Month CD
0.50%$500-36 Month CD
0.45%$500-24 Month CD
0.45%$50k-Business 6 Month Jumbo CD
0.45%$500-Business 12 Month CD
0.40%$250-Business 12 Month Add-On CD
0.35%$50k-6 Month Jumbo CD
0.35%$500-Business 6 Month CD
0.30%$250-12 Month Add-On CD
0.30%$500-12 Month CD
0.25%$500$50k6 Month CD

Premier Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%$1k-60 Month IRA
0.50%$1k-36 Month IRA
0.45%$1k-24 Month IRA
Locations


Premier Federal Credit Union Locations
Branch Office306 N Main StGraham, NC 27253
Branch Office1601 Brenner AveSalisbury, NC 28144
Branch Office940 Jake Alexander Blvd WSalisbury, NC 28147
Branch Office114 E Gold StKings Mountain, NC 28086
Branch Office148 Charlotte StAsheville, NC 28801
Branch Office1400 Yanceyville StGreensboro, NC 27405
Branch Office2270 US 74 BUS HWY STE 253Forest City, NC 28043

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