Premier One Credit Union is headquartered in San Jose and is the 90th largest credit union in the state of California. It is also the 654th largest credit union in the nation. It was established in 1968 and as of September of 2020, it had grown to 77 employees and 22,598 members at 5 locations. Premier One Credit Union has an A health rating.
Field of Membership Restrictions
Premier One Credit Union is open to anyone who lives, regularly conducts business, attends school or worships in Santa Clara County or San Jose City in California. Retired and active San Jose city employees or volunteers, and employees of any of the following SEGs: Hitachi Data Systems, Santa Clara Chamber of Commerce, Interstate Building Maintenance in Arlington, Texas, ION Implant Services in Sunnyvale, California, Dale Carnegie Training in Campbell, California or any of the more than 100 groups (a complete list of requirements and groups are posted on the credit union's website).
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 Q3 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68540 |
| Year Chartered | 1968 |
| Employees | 77 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.22% |
| Return on Equity - YTD | 2.28% |
| Annual Interest Income | $11.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2020vs Q3 2019 | $495.0MM$422.4MM |
| Loans | Q3 2020vs Q3 2019 | $295.1MM$287.9MM |
| Deposits | Q3 2020vs Q3 2019 | $445.5MM$375.7MM |
| Equity Capital | Q3 2020vs Q3 2019 | $47.2MM$44.5MM |
| Loan Loss Allowance | Q3 2020vs Q3 2019 | $1.2MM$1.4MM |
| Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $265.00K$457.00K |
| Real Estate Owned | Q3 2020vs Q3 2019 | $0$0 |