Premier Members Credit Union (PMCU) announced that they have added Market-Linked Certificates and their Earn Big Free Checking as additions to their already market-leading deposit rates. PMCU’s Earn Big Free Checking account gives members the opportunity to earn up to 4% APY on their first $2,000 by having $500 or more in Direct Deposit, 25 signature-based debit transactions per month, and enlisting for e-statements. Earn Big Free Checking gives members the opportunity to earn the same high 4% APY on the first $2,000 as PMCU’s established reverse-tiered 4% Money Market account.
PMCU’s Market-Linked Certificate offers members a 2.55% APY and a 2.35% APY with their new 12 and 24 Month Certificates, respectively. With just $2,500 to get started, the Market-Linked Certificate’s rates will adjust quarterly based on the 12 and 24-month US Daily Treasury Yield Curve Rates, going no lower than 1.15% and 1.45% APY, respectively.
“With our expanded assets, we are able to continue to reward our members, employees, and the communities we serve by remaining financially sound and stable while providing competitive products and rates,” said Jason Bauer, Chief Marketing Officer at PMCU. “The Earn Big Free Checking and Market-Linked Certificates adds to our growing portfolio of products that pay better rates than market.”
2018 is the first for PMCU’s increased asset size. The success of the 2015 “merger of equals” between Premier Members Federal Credit Union and Boulder Valley Credit Union saw the combined credit union increase to more than $968 million and passed the billion-dollar mark at the end of 2017. They are now among the top 5% of credit unions nationwide for asset size.
