Premier Source Credit Union

Overview / Commentary
232 N Main St
East Longmeadow, MA 01028

Premier Source Credit Union is headquartered in EAST LONGMEADOW and is the 67th largest credit union in the state of Massachusetts. It is also the 2,180th largest credit union in the nation. It was established in 1941 and as of March of 2021, it had grown to 11 employees and 4,686 members at 1 location. Premier Source Credit Union has an A health rating.

Field of Membership Restrictions

Membership in Premier Source Credit Union is open to those who live, work, worship, attend school, or regularly conduct business in Hampshire or Hampden Counties, Massachusetts.
See current membership details


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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Premier Source Credit Union has a relatively low asset base.

Health Grade Components

NCUA #24912
Year Chartered1941
Primary Regulator
Profit Margin
Return on Assets - YTD0.54%
Return on Equity - YTD4.13%
Annual Interest Income$586.00K
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$69.5MM$63.0MM
LoansQ1 2021vs Q1 2020$33.8MM$38.6MM
DepositsQ1 2021vs Q1 2020$59.9MM$53.6MM
Equity CapitalQ1 2021vs Q1 2020$9.1MM$9.2MM
Loan Loss AllowanceQ1 2021vs Q1 2020$698.00K$687.00K
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$440.00K$383.00K
Real Estate OwnedQ1 2021vs Q1 2020$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Premier Source Credit Union Savings Account Rates

1.00%*-$25kKasasa Saver
OTHER TIERS: 0.25% $25k+
0.05%$25-Share Savings
0.05%--Vacation Club
0.05%--Holiday Club
0.05%$15-IRA Share Account
0.05%$15-Coverdell ESA Share Account
0.05%--Special Savings

Premier Source Credit Union Money Market Rates

0.25%*$100k*-Money Market
OTHER TIERS: 0.10% $2.5k - $25k | 0.15% $25k - $50k | 0.20% $50k - $100k

Premier Source Credit Union Checking Account Rates

2.00%*-$10kKasasa Cash
OTHER TIERS: 0.41% $10k+

Premier Source Credit Union CD Rates

0.65%$1k-48 Month CD
0.55%$1k-36 Month CD
0.45%$1k-24 Month CD
0.35%$1k-18 Month CD
0.25%$1k-12 Month CD
0.15%$1k-6 Month CD

Premier Source Credit Union IRA Rates

0.65%$1k-48 Month IRA
0.65%$1k-48 Month Coverdell ESA Certificate
0.55%$1k-36 Month IRA
0.55%$1k-36 Month Coverdell ESA Certificate
0.45%$1k-24 Month IRA
0.45%$1k-24 Month Coverdell ESA Certificate
0.35%$1k-18 Month IRA
0.35%$1k-18 Month Coverdell ESA Certificate
0.25%$1k-12 Month IRA
0.25%$1k-12 Month Coverdell ESA Certificate
0.15%$1k-6 Month IRA
0.15%$1k-6 Month Coverdell ESA Certificate

Premier Source Credit Union Locations
Branch Office232 N MAIN STEAST LONGMEADOW, MA 01028-1844

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