Credit Unions vs Banks
WE ARE NOT A BANK.
We are Premier Members Credit Union, the Artisans of Banking. And in a banking world of power imbalance, we are the community that imagines banking before it was broken. That means that we might do things a little differently than you’re used to at a big box bank. We have members, but treat you more like family than a client. Every member is an owner with an equal vote, regardless of how much money you have with us, and our profits are shared back with you through low fees and rates. Our community leans into local, and so do we by giving back directly in our neighborhoods and schools, where you are. Call us old-fashioned, but we think the art we put in is the way banking was meant to be.
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The Credit Union Difference
Choosing a credit union over a bank is one of the smartest financial decisions one can make. On average, credit unions are able to offer better rates and lower fees than any bank. This is because all credit union profits are passed directly back to their members. What that means for a member of Premier Members CU is higher rates on savings and certificates and much lower rates on loans! In addition to that immediate impact to your personal financial bottom line, there are many other benefits to doing your banking with a credit union.
The differences between Banks and Credit Unions
| Banks | Credit Union |
|---|---|
| Owned by Shareholders & Investors | Owned by our members |
| Serves the public | Serves members from our local neighborhoods |
| Offers many products & apps | Offers specific products & apps w/ better rates |
| Charges higher rates on loans | Charges lower rates & even pay local schools |
About Premier Members Credit Union
OUR MANIFESTO
Few people would say there’s an art to banking.
Money in. Money out.
A fee or two along the way.
But we see it differently »
Pillars of Being Premier
The success of a financial institution is built on the values, promises, and performance it provides its membership. At Premier Members CU, we define these as the Six Pillars of Being Premier. These pillars serve to make your Credit Union a strong, thriving financial institution and represent the areas we go above and beyond to serve you and the communities you live in.
Premier: Everywhere
We are everywhere you need us to be! While we are likely right around the corner at one of our 13 Colorado locations, we also boast a nationwide network of 5,000+ shared branches and 30,000+ surcharge-free ATMs. No matter where our members’ travels take them, we’re nearby!
Premier: Gives
We provide the communities we serve with funds and employee volunteers to support the initiatives of education, financial literacy, and local community based giving. We are passionate in supporting the communities that both our members and employees live, and we believe in taking action and being proactive to make our communities a better place today and tomorrow.
Premier: Gives
We provide the communities we serve with funds and employee volunteers to support the initiatives of education, financial literacy, and local community based giving. We are passionate in supporting the communities that both our members and employees live, and we believe in taking action and being proactive to make our communities a better place today and tomorrow.
Premier: Innovation
In this increasingly technological and mobile world, we make accessing and managing accounts as easy as possible by staying on the forefront of technology while keeping security and fraud protection in mind. Constantly innovating is a priority for us in servicing our members, so that they can be assured of benefiting from new technologies as they are introduced into our industry.
Premier: Service
Smiling faces, personal service, and fanatical support; these are the key ingredients behind the philosophy of offering our members “Premier” service. Our goal is to serve all of our members to the best of our abilities, including those of modest means. Every member, every interaction, every day. As a unified team, we make the most of every opportunity to remind our members why they chose to bank Premier in the first place – we care!
Premier: Service
Smiling faces, personal service, and fanatical support; these are the key ingredients behind the philosophy of offering our members “Premier” service. Our goal is to serve all of our members to the best of our abilities, including those of modest means. Every member, every interaction, every day. As a unified team, we make the most of every opportunity to remind our members why they chose to bank Premier in the first place – we care!
Premier: Sustainability
Our eco-conscious efforts are based upon programs designed to further our culture of environmental responsibility within the communities we serve. We are seeking to promote and encourage our members, partners, and other financial institutions to help reduce the footprint we leave on our environment. A sustainable lifestyle both inside the workplace and at home, to ensure a sustainable future for our members’ families and yours.
Premier: Youth
Improving the financial literacy of our youth and educating younger generations on how to prepare for financial independence is a staple of the “Premier” experience. In addition to specific youth-based products and services, we have established financial literacy and student credit union programs in area schools to teach important money management skills before graduation. A targeted, age-specific focus on our youth today to help them find success in life tomorrow.
Premier: Youth
Improving the financial literacy of our youth and educating younger generations on how to prepare for financial independence is a staple of the “Premier” experience. In addition to specific youth-based products and services, we have established financial literacy and student credit union programs in area schools to teach important money management skills before graduation. A targeted, age-specific focus on our youth today to help them find success in life tomorrow.