Overview
What is Premier America Credit Union?
Premier America Credit Union is a cooperative organization based in Chatsworth, California, with a membership of 117,622 as of December 31, 2022. The credit union's primary mission is to encourage savings and promote thrift among its members. By doing so, it provides them with affordable credit options, determined by the Board of Directors. Members can use their own money democratically to improve their economic and social conditions. In 2022, the credit union welcomed 13,607 new members and saw a $15 million increase in deposit balances. The organization continues to pay favorable dividend rates on savings to its members.
Official website here: www.premieramerica.com
Is Premier America Credit Union legitimate?
Premier America Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Premier America Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $4,452,704
Professional Fundraising Fees: $0
Other Salaries and Wages: $31,214,348
For more financial information, click here
Official website here: www.premieramerica.com
What is the mission statement of Premier America Credit Union?
Premier America Credit Union is a cooperative organized with the primary goal of encouraging thrift and savings among its members. The credit union serves as a source of credit for its members, offering loans at interest rates determined by the board of directors. Members have the opportunity to control and use their own money in a democratic manner, aiming to enhance their economic and social conditions. As a cooperative, Premier America Credit Union operates with the mutual benefit and general welfare of its members in mind. The earnings, savings, benefits, or services of the credit union are returned to its members as patronage.
Official website here: www.premieramerica.com
Who is the CEO of Premier America Credit Union?
Rodolfo J Pereira is the Principal Officer of Premier America Credit Union. The CEO's salary of Premier America Credit Union is $995,765 and their total compensation is $1,037,280.
Official website here: www.premieramerica.com
What is the revenue of Premier America Credit Union?
Premier America Credit Union's revenue in 2022 was $127,070,331.
Official website here: www.premieramerica.com
Who are the executives of Premier America Credit Union and what are their salaries?
The average compensation at Premier America Credit Union during 2022 was $74,306. There are 480 employees and 15 volunteers at Premier America Credit Union.
Here are 24 key members and their salaries (Premier America Credit Union's CEO's salary is $995,765 and their total compensation is $1,037,280):
- Compensation: $1,578,356
- Related: $0
- Other: $29,636
- Compensation: $995,765
- Related: $0
- Other: $41,515
- Compensation: $485,165
- Related: $0
- Other: $27,378
- Compensation: $406,905
- Related: $0
- Other: $52,637
- Compensation: $403,531
- Related: $0
- Other: $42,150
- Compensation: $372,502
- Related: $0
- Other: $42,080
- Compensation: $377,670
- Related: $0
- Other: $25,495
- Compensation: $321,730
- Related: $0
- Other: $37,941
- Compensation: $288,723
- Related: $0
- Other: $35,092
- Compensation: $291,069
- Related: $0
- Other: $14,529
- Compensation: $264,913
- Related: $0
- Other: $24,123
- Compensation: $241,790
- Related: $0
- Other: $32,211
- Compensation: $168,762
- Related: $0
- Other: $13,962
- Compensation: $5,512
- Related: $0
- Other: $0
- Compensation: $3,124
- Related: $0
- Other: $0
- Compensation: $2,211
- Related: $0
- Other: $0
- Compensation: $1,962
- Related: $0
- Other: $0
- Compensation: $1,667
- Related: $0
- Other: $0
- Compensation: $695
- Related: $0
- Other: $0
- Compensation: $695
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.premieramerica.com
Where can I find the form 990 for Premier America Credit Union?
Premier America Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.premieramerica.com
Learn more at the official website: www.premieramerica.com
Mission Statement of Premier America Credit Union
Premier America Credit Union, a cooperative organization, is dedicated to encouraging savings and thrift among its members. By doing so, it serves as a valuable source of credit for its members, offering competitive interest rates set by its Board of Directors. The credit union provides its members with the unique opportunity to manage their own money in a democratic manner, aiming to enhance their economic and social conditions.
As a cooperative, Premier America Credit Union operates with the collective benefit and general welfare of its members in mind. The earnings, savings, benefits, or services of the credit union are distributed back to its members, acting as patronage. In essence, Premier America Credit Union empowers its members to control their financial resources and make informed decisions for their financial future.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Premier America Credit Union plays a significant role in its community by promoting thrift and savings among its members. In 2022, it successfully attracted 13,607 new members, bringing the total membership to 117,622 by the end of the year. This growth highlights the trust and value that individuals place in the credit union as a financial institution that prioritizes their needs.
With a focus on enhancing the financial well-being of its members, Premier America saw a $15 million increase in deposit balances compared to the previous year. This demonstrates the effective encouragement of savings among members. Additionally, the credit union distributes favorable dividend rates on savings, directly benefiting its members' financial health.
Furthermore, Premier America empowers its members by creating a source of credit at competitive interest rates, allowing them to manage their finances effectively. By operating on a democratic basis, the credit union fosters an environment where members can control their own money, leading to improved economic and social conditions. Overall, Premier America Credit Union enhances the financial literacy and stability of its membership, thereby making a lasting positive impact on the community it serves.
This information is meant to be a general summary of Premier America Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $7,741,861
- Program Service Revenue: $119,143,288
- Gross Receipts: $127,070,331
Assets and Liabilities:
- Total Assets: $3,773,072,753
- Total Liabilities: $3,477,250,353
- Net Assets: $295,822,400
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INCOME FROM MEMBER LOANS
Revenue
$103,298,572
INTERCHANGE INCOME
Revenue
$5,801,272
SERVICE CHARGES & OTHER FEES
Revenue
$4,967,995
INVESTMENT BROKERAGE COMMISSIONS
Revenue
$2,673,362
OTHER NON-INTEREST INCOME
Revenue
$2,402,087
Organization Details
Founding Year
1957
Phone
(818) 772-4011Principal Officer
Rodolfo J Pereira
Main Address
19867 PRAIRIE STREET, CHATSWORTH, CA, 91311
Website
www.premieramerica.comNTEE Category
Code: W60 - Public benefit
If you are a representative of Premier America Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.