3% Money Market gains Premier Members Credit Union national attention
Premier members recognized as nation’s top seven “Best Credit Unions You Can Join”
BOULDER, CO (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 Credit Union
Premier Members Credit Union is a not-for-profit financial institution dedicated to providing financial solutions to individuals and businesses in Colorado’s Front Range. With more than 77,000 members, $1.7 billion in assets, and 16 retail branches, Premier Members is a leader in the credit union industry. In addition to being at the forefront of the industry in sustainable business practices, Premier Members takes pride in giving back to the communities it serves, supporting a wide variety of partnerships with charitable and sustainable organizations like Community Foundation Boulder County, Eco Cycle, Impact on Education, Jack’s Solar Garden, United Way, Westminster Public Schools Foundation, and others. In 2021, Premier Members Credit Union was awarded first place in the Dora Maxwell Social Responsibility Community Service Award. It and has also been recognized as a Civic 50 Honoree each year since 2020, where the credit union was recognized as one of the 50 most community-minded companies in Colorado. To learn more, visit pmcu.org