Premier America Credit Union
| Company type | Credit union |
|---|---|
| Industry | Financial services |
| Founded | 1957 |
| Headquarters | Chatsworth , United States |
Area served | Los Angeles County, California; Ventura County, California; Santa Clarita Valley; San Fernando Valley; Harris County, Texas |
| Products | Savings accounts, checking accounts, consumer loans, home loans, financial advisory services |
| Website | premieramerica |
Premier America Credit Union is a financial cooperative owned by its members, established in 1957. With its main office located in Chatsworth, California, it ranks among the largest credit unions in the United States, serving a membership base exceeding 100,000 and overseeing assets close to $4 billion.
Functioning as a nonprofit entity, every member holds partial ownership and possesses voting privileges to choose a volunteer Board of Directors, which guarantees management that reflects the members' priorities.
The credit union provides an extensive array of financial products such as savings and checking accounts, consumer and home loans, along with financial advisory services. Members enjoy access to a wide network of retail branches, more than 30,000 surcharge-free ATMs nationwide, and comprehensive digital banking options.
Eligibility for membership includes individuals residing, employed, worshiping, or studying within Los Angeles and Ventura counties in California, as well as Harris County in Texas.
Embodying the credit union principle of “people helping people,” Premier America delivers attractive savings rates, cost-effective lending solutions, and community-oriented financial services.
Premier America Foundation
Formed in 2017, the Premier America Foundation serves as the credit union’s nonprofit 501(c)(3) entity focused on promoting financial literacy and supporting community growth. It targets youth, young adults, and underserved groups through collaborations with educational institutions and local organizations.
The Foundation implements financial education initiatives and capital impact projects designed to enhance economic well-being. It also combats food insecurity by donating over $25,000 to food banks, providing grocery gift cards through community colleges, and coordinating donation campaigns at branch locations.
All Foundation personnel salaries and administrative expenses are covered by Premier America Credit Union, ensuring that upwards of 95% of contributions are allocated directly to community-focused programs.
Mergers and acquisitions
In 2008, Premier America Credit Union expanded its operations by acquiring Top Premium Finance Company, an insurance premium finance firm based in California.
The credit union further grew in 2012 through the acquisition of Telesis Community Credit Union.
Subsequent mergers included NBCU Employees Federal Credit Union in 2014 and Pacific Oaks Federal Credit Union in 2015.
Membership
- Los Angeles County, California
- Ventura County, California
- Santa Clarita Valley
- San Fernando Valley
- Harris County, Texas
Services provided
Members of Premier America have access to Online & Mobile Banking platforms, Mobile Deposit services, Zelle® person-to-person transfers, over 30,000 surcharge-free ATMs nationwide, and more than 5,000 Shared Branch locations throughout the United States.