PremierOne Credit Union Launches Innovative Home Equity Programs and Money Market Account for Members

PremierOne Credit Union Enhances Financial Solutions for Members

In a strategic move to bolster the financial wellbeing of its members, PremierOne Credit Union has unveiled a duo of innovative Home Equity loan products alongside the Premier Money Market Plus Account. This launch significantly broadens the financial landscape for existing and prospective members, aligning with the credit union's commitment to offering valuable and flexible financial solutions.

New Home Equity Loan Products

PremierOne Credit Union recognizes the diverse financial needs of its members, leading to the introduction of two distinct Home Equity products aimed at providing optimal borrowing flexibility. The first option, the Home Equity Line of Credit (HELOC) 100, offers qualified borrowers access to a revolving line of credit with a remarkable 10-year draw period, followed by a 15-year repayment timeline. Homeowners can tap into their home equity for amounts up to $250,000, making it an excellent choice for those looking to leverage their property’s value for various financial goals.

In addition to the HELOC, PremierOne presents the Home Equity Loan 100 (HELN 100). This product features a fixed rate and a 30-year repayment period, allowing for consistent monthly payments that help users manage their budgets effectively. Much like the HELOC, this loan caters to California primary residences and permits borrowers to access up to 100% combined loan-to-value.

"These offerings create pathways for our members to finance their homes effectively and with confidence," expressed Chris Caputo, Vice President of Lending Operations, emphasizing the importance of tailored financial solutions. Both products empower members to take charge of their financial destiny, facilitating home renovations, debt consolidation, and other activities aimed at improving one’s financial standing.

Premier Money Market Plus Account

Aligning with the ethos of growth and support for its community, PremierOne Credit Union also launched the Premier Money Market Plus Account. This savings product is designed to incentivize members who contribute qualifying new money to the account, thus enhancing their savings potential.

The Money Market Plus Account features premium tiered dividend rates, presenting an opportunity for members to earn more on their deposits. Existing and new members alike can benefit from this offering, further solidifying PremierOne’s status as a competitive player in the financial sector.

Rick Tresler, Vice President of Member Experience, noted, "The Premier Money Market Plus Account allows our members to make their savings work harder for them. We are thrilled to provide an avenue that not only rewards deposits but also enhances the growth of our community as a whole."

Commitment to Member Success

PremierOne Credit Union's new product offerings reflect its ongoing commitment to empowering members and enhancing their financial journeys. As financial landscapes evolve, PremierOne continuously evaluates its products to ensure they meet the dynamic needs of its member base. By introducing flexible lending options and attractive savings accounts, the credit union positions itself as a trusted partner in its members' quests for financial success.

Potential and existing members can learn more about PremierOne’s Home Equity products and the Premier Money Market Plus Account by visiting www.premieronecu.org. Additionally, members can get personalized assistance through various contact methods, including in-branch visits or calls to Member Service Representatives.

As a community-driven financial institution with over $650 million in assets, PremierOne Credit Union serves a diverse membership across several counties in California. Its dedication extends beyond financial services; through educational programs, scholarships, and community engagement, PremierOne continues to give back to the communities where its members live, work, and thrive.