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Premier Members Credit Union: Overall Credit Union Rating
| Feature | Insider rating (out of 5) |
| Savings | 4 |
| Checking | 4.5 |
| CD | 4 |
| Money market account | 4 |
| Trustworthiness | 5 |
| Total | 4.3 |
Premier Members Credit Union is a good choice if you're looking for a high-yield checking or money market account.
Premier Members Credit Union: Pros and Cons
| Pros | Cons |
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Premier Members Credit Union Membership Share Savings Account
The
Premier Members Credit Union Earn Big Free Checking Account
The
To earn competitive rates each month, you must enroll in e-statements, receive $500 in direct deposits, and make at least 25 debit card transactions. If you don't fulfill the activities each month, you'll only earn 0.01% APY.
Premier Members Credit Union Share Certificate
Many institutions require at least $1,000 to open a certificate, but you only need
You might like a Premier Members Credit Union Share Certificate if you're searching for a short-term fixed-interest account. The credit union notably has a limited-time 10-month CD with a competitive interest rate.
Premier Members Credit Union Money Market Account
The
If you plan to keep more than $2,000 in your account, the rate will vary depending on your account balance. Generally, higher account balances offer lower interest rates.
How Premier Members Credit Union Works
Premier Members Credit Union has 17 branches in Colorado. It's part of the CO-OP Shared Branch Network, so you have access to over 5,000 shared branches and 30,000 ATMs around the US. You can also open accounts online even if you don't live in Colorado.
To contact customer service, call Monday through Friday from 8 a.m. to 6 p.m. MT, or Saturday from 9 a.m. to 1 p.m. MT.
The Premier Members Credit Union mobile app has 4.7 out of 5 stars in the Apple store and 4.5 out of 5 stars in the Google Play store.
Your deposits are federally insured by the NCUA for up to $250,000, or up to $500,000 for a joint account. With NCUA insurance, your money is safe even if the credit union shuts down.
How to Join Premier Members Credit Union
Premier Members Credit Union is a credit union, not a bank, so only certain people can become members. The easiest way to become a member is probably by joining Impact on Education, a charity of the Boulder Valley School District. You can join Impact on Education even if you don't live in Colorado.
For Colorado residents, there are other ways to be eligible for membership:
- Live or work in one of the following counties: Adams, Arapahoe, Broomfield, Boulder, Delta, Denver, Douglas, Elbert, El Paso, Garfield, Jefferson, Larimer, Mesa, Montrose, Pueblo, or Weld
- Be a student, faculty member, or staff member in either the Boulder Valley School District or Westminster Public Schools
- Be an employee or family member of an employee of Ball Corporation, Boulder Community Health, IBM, Lexmark, or Medtronic
- Be an employee or member of one of 750 organizations the credit union serves (call customer service to ask whether your company qualifies)
- Have a family member who already has accounts with Premier Members Credit Union
When you join, you'll also need to open a
Premier Members Credit Union Trustworthiness and BBB Rating
Premier Members Credit Union does not have any public controversies.
It is a Better Business Bureau-accredited company. The BBB focuses on consumer trust, and it gives Premier Members Credit Union an A+ rating. A strong BBB score indicates that a company responds effectively to customer complaints, advertises honestly, and is transparent about business practices.
A good BBB grade doesn't guarantee that you'll have a smooth relationship with a business, though. You still may want to ask friends and family about their experiences with the credit union, or read online customer reviews.
Premier Members Credit Union vs. Ally
Both institutions pay high interest rates on money market accounts. The best option for you will likely depend on how much money you want to keep in the account. Ally pays the same rate on your entire balance, while Premier Members CU has a tiered rates system that pay you higher rates on lower balances.
Your choice could also come down to what other accounts you want to open. Ally pays a much higher savings interest rate than Premier Members CU. But if you're strictly for competitive CD rates, Premier Members CU might be more appealing because it has a 10-month limited-time certificate paying 5.25% APY.
Premier Members Credit Union vs. Affinity Plus Credit Union
Affinity Plus Federal Credit Union has 26 branches in Minnesota. If you don't live in Minnesota, you can still open accounts online.
Both Premier Members Credit Union and Affinity Plus Credit Union have standout money market accounts with tiered interest rates. Your preference between the two accounts may come down to your account balance.
Affinity Plus Credit Union has two tiers. On balances up to $25,000 you'll earn 3.00% APY, and on balances over $25,000 you'll earn 2.00% APY.
Premiers Credit Union has seven tiers in its
Premier Members Credit Union: Frequently Asked Questions
Where are Premier Members Credit Union locations?
Premier Members Credit Union has 17 branches in Colorado. Credit union branches are located in the following cities: Arvada, Boulder, Broomfield, Castle Rock, Centennial, Erie, Estes Park, Firestone, Longmont, Louisville, Pueblo, Thornton, and Westminster.
What are Premier Members Credit Union CD rates?
Premier Members Credit Union currently has share certificates with a minimum opening deposit of