Premier Credit Union was founded in 1961 as a member-owned financial institution.
Since 1961, Premier CU has grown and expanded. We are a full service, not-for-profit
financial institution offering most all the products that a bank provides, with
greater value, better rates, lower fees, and superior service!
The credit union began serving school district employees and their families in Palatine and Schaumburg, Illinois. Since that time, Premier Credit Union has grown to serve fourteen outstanding school districts in the Northwest Suburbs along with higher education institutions, municipalities, select employee groups and community members. Premier CU also serves anyone living or working in numerous townships
in the northwest suburbs of Chicago, Illinois. See if you're eligible.
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Credit unions have always been known for their outstanding personal service
and
preferred rates. Premier CU offers the personal service you deserve,
because:
- You are the owner of the credit
union and are treated as an owner. This is much different from being a
customer.
- We're safe. Premier CU has never made any of the highly
publicized sub-prime loans that placed other financial institutions in troubled
waters. Learn
more.
- We’re local. When you call us, you are not reaching a department located across the
country. You’re talking with the person in the branch with whom you’re used to
speaking.
- Staff does not earn commissions. We are
not-for-profit, working for you, our owners. We are here to serve you, provide
answers, and save you money.
- You are always appreciated. We’re not here to
impress you only until you open an account; we will impress you again &
again. Your continued satisfaction is our goal.
- We know you. We
are large enough to offer the services you desire, but small enough to greet you
by name.
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Premier CU has branches
just like banks. We also offer many free electronic and online services such as
surcharge-free ATMs, online banking, online bill pay, and 24/7 telephone account
access.
Actually, Premier CU
provides the highest combination of federal and private insurance available to
consumers. Deposits are federally insured to at least $250,000 by the National Credit Union Administration (NCUA) and are backed by the full faith and credit of the US government. An
additional $250,000 is privately insured through Excess Share Insurance (ESI).
IRAs are insured up to $500,000
The credit union idea is a simple one: People should be able to pool their money
and make loans to each other. It's an idea that evolved from cooperative activities
in 19th century Europe. Since that time, the idea's guiding principles have remained
the same: (1) Only people who are credit union members should
borrow there; (2)loans are made for "prudent and productive" purposes;
(3) a
person's desire to repay (character) is considered more important than the ability
(income) to repay. Members are, after all, borrowing their own money and that
of their friends. These principles still govern most of the world's credit unions.
As the 20th century began, the credit union idea surfaced in Canada. Canada's
successful efforts profoundly influenced two Americans: Pierre Jay, the Massachusetts
banking commissioner, and Edward A. Filene, a Boston merchant.
EXTERNAL LINK DISCLOSURE
*This Website may contain hyperlinks
to other websites created and maintained by other organizations. PCU does not
regularly review materials posted on these linked sites. PCU does not endorse
the owners of such linked sites, or the products or materials appearing on such
linked sites. Any decision of Website visitors to view any of the linked websites
is at their own risk.
Your savings insured to $500,000 — $250,000 federally insured by the National Credit Union Administration and $250,000 privately insured by ESI.