Premier Members Credit Union

Overview / Commentary
5505 Arapahoe Ave
Boulder, CO 80303

Premier Members Credit Union is headquartered in Boulder and is the 7th largest credit union in the state of Colorado. It is also the 267th largest credit union in the nation. It was established in 1950 and as of September of 2022, it had grown to 289 employees and 79,326 members at 16 locations. Premier Members Credit Union has an A health rating.

Field of Membership Restrictions

Membership is open to anyone through making a $5 donation to Impact on Education (a charitable organization run by the Boulder Valley School District) through the credit union's online application. Membership is also open to the following: (1) those who live or work in Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas, Jefferson, Larimer, or Weld Counties in Colorado and to those; (2) employees of Ball Corporation, Boulder Community Health, Covedein, IBM, or Lexmark; (3) employees or students of Boulder Valley School District or School District 50; (4) affiliation with over 720 companies and organizations.
See current membership details

Reviews (3)

So Far So Good

Posted by: |

I had a an old bond come reach final maturity. I wasn't ready to cash it in, but did not want to leave setting without earning anything. After looking at several options, I found this credit union and its money market account. At the time the interest rate was 3%. Now the rate is up to 4%, the same rate my bond was drawing. At least for small savings, up to $2,000, this is a great option and would recommend them.

The sign up process was a bit drug out and took about a week or longer to finalize. It took them a couple of days to get to my application, I then had to submit my several documents to them.

So far the signup process is the only down side for the amount of money I intend to keep here. Would recommend if you are only planning on depositing $2,000 or less.

Terrible Customer Service And App

Posted by: |

Had been banking there for over a decade. Today was the day I finally left. Customer service was never good but put up with it. After several times of them not reaching back to me as they promised from simple account issues and info on HELOCs I decided it was time to leave. They’re always rude never helpful. Bye bye. Don’t bank there

Certified Check

Went to the Greenwood Village branch today with a certified check for $5900.00,was told they had to see how much money they had in vault,overheard there was plenty,told to take a seat while she waited for someone to go to vault with her,waited 15 minutes and was told they could only cash $1500.00 at a time,I drove 30 miles to get that,and they charged me $3.00 on top of that,don't think I would ever bank here.


Health Grade Components

NCUA #62574
Year Chartered1950
Primary Regulator
Profit Margin
Return on Assets - YTD0.29%
Return on Equity - YTD3.85%
Annual Interest Income$35.8MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$1.74B$1.54B
LoansQ3 2022vs Q3 2021$1.28B$1.01B
DepositsQ3 2022vs Q3 2021$1.41B$1.30B
Equity CapitalQ3 2022vs Q3 2021$132.0MM$155.1MM
Loan Loss AllowanceQ3 2022vs Q3 2021$6.6MM$9.8MM
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$3.3MM$4.9MM
Real Estate OwnedQ3 2022vs Q3 2021$0$0

Rates for Premier Members Credit Union are currently being reviewed.



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