Premier Members Credit Union offers members financial assistance amid COVID-19 concern
Premier Members offers payment deferral, waives penalty fees due to COVID-19 impact
BOULDER, CO (March 23, 2020) — Premier Members Credit Union is offering support to those impacted by COVID-19. Premier Members is assisting existing and potential members by working with borrowers to ease credit terms for new loans to those who qualify, and suspending initiation of new collection, repossession, and foreclosure actions. The credit union will also offer payment accommodations, such as allowing borrowers to defer or skip some payments, or extend payment due dates to avoid negative credit bureau reporting caused by any COVID-19-related disruption. Additionally, Premier Members will also assist members with overdraft fees, as well as the ability to withdraw a certificate without penalty.
“Premier Members Credit Union is offering our members and the public financial solutions during this difficult time,” said Carlos Pacheco, Chief Executive Officer. “Our hope is to lessen the financial impact of COVID-19 on our members and individuals in our communities.”
Potential and existing members can access services through the contact center, drive-thru tellers at various branches, ATMs, and online and mobile banking.
For a complete list of branch access options and hours, visit https://www.pmcu.org/covid-19coronavirus/.
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 19 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 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
