Premier Members Recognized as Nation’s Top Seven “Best Credit Unions You Can Join”
(Boulder, Colo.) June 20, 2017 Premier Members Credit Union’s unique 3% Money Market account was one of the factors which contributed to their national recognition as Kiplinger magazine’s “Best Credit Unions You Can Join.”
The 3% Money Market account, a reverse-tiered money market, gives the highest rate on the lowest tiers and blends the rate as the balance gets distributed down each different-earning tier. As an illustration, a deposit of $5,000 would earn a blended APY of 2.10%; a deposit of $10,000 would earn a blended APY of 1.43%; and a deposit of $25,000 would earn a blended APY of 0.87%.
“Our 3% money market rate allows our members to earn more on their savings even when they are just getting started saving money,” said Jason Bauer, Chief Marketing Officer. “Additionally, even at the higher savings tiers, the unique blended-rate feature allows for best-in-market rates for those saving more. We are proud to offer such an unrivaled, all-inclusive product to our members regardless of how much they can save, and proud to see it lead to national attention for PMCU.”
Kiplinger evaluated credit unions across the nation on factors such as fees, minimum-balance requirements and interest rates on checking, savings and CDs. Premier Members Credit Union was one of seven “Best Credit Unions You Can Join,” by Kiplinger and the only Colorado credit union to be recognized.
In addition to its 3% Money Market account, Premier Members Credit Union was also recognized for its checking accounts, credit cards and loans and savings products, as well as its relationship with the Boulder Valley School District Foundation, Impact on Education.
About Premier Members: Premier Members Credit Union (PMCU) is a not-for-profit, eco-conscious financial institution dedicated to providing financial solutions to individuals and businesses in Boulder, Colo., and the Denver Metro area. With more than 65,000 members, $952 million in assets, 12 full-service retail branch locations and four locations in area high schools, PMCU has grown to become a leader in the credit union industry. PMCU takes pride in giving back to the communities they serve, supporting a wide variety of activities and fundraising events for charitable organizations like United Way, Realities for Children of Boulder County, Junior Achievement and many more. To learn more, visit pmcu.org.