Premier One Credit Union is headquartered in San Jose and is the 85th largest credit union in the state of California. It is also the 652nd largest credit union in the nation. It was established in 1968 and as of June of 2023, it had grown to 89 employees and 25,665 members at 6 locations. Premier One Credit Union's CD rates are 5X the national average, and it has a B+ health rating.
Field of Membership Restrictions
Premier One Credit Union is open to anyone who lives, regularly conducts business, attends school or worships in the California counties of Alameda, Merced, Monterey, San Benito, San Mateo, San Joaquin, Santa Clara, Santa Cruz, or Stanislaus. Employees of 13 companies in Arlington, Texas and five companies in California (listed on the Membership Eligibility page) are also eligible to join.
See current membership details
I Love My Credit Union!
I have banked here for years and always get great service by the staff. It is great to know that the employees remember me and are looking out for my best interest. They have helped me save a lot of money over the years.
Beware National 1St
This regional credit union used to be wider in scope, so their poor service and products do not impact as many customers now.
They have an HSA savings account that used to have a pretty good rate. BUT then they dropped the rates, and capped it, with a max to receive their teaser rate to be $6250 (lower than IRS limits for annual contributions). So subsequent annual contributions will only get .005%. You can do better at dozens of other banks or credit unions.
Lastly, they really do present a "we don't care" attitude. They will probably have to do mergers to grow their business.
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68540 |
| Year Chartered | 1968 |
| Employees | 89 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.4% |
| Return on Equity - YTD | 5.49% |
| Annual Interest Income | $11.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $606.8MM$557.9MM |
| Loans | Q2 2023vs Q2 2022 | $422.8MM$349.1MM |
| Deposits | Q2 2023vs Q2 2022 | $535.3MM$518.6MM |
| Equity Capital | Q2 2023vs Q2 2022 | $42.0MM$36.5MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $2.3MM$1.2MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $1.7MM$453.00K |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |