Premier Members Credit Union Mortgage Rates, Fees & Info

Boulder, CO

LEI: 549300LG5340S24M4N89

Tax ID: 84-0500890

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Premier Members Credit Union is a smaller credit union specializing in Home Improvement, Other, Refi, and Home Purchase loans. Premier Members Credit Union has an average proportion of conventional loans. Their top markets by origination volume include: Denver, Boulder, Greeley, Fort Collins, and Colorado Springs among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Premier Members Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Premier Members Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 11/21/24
    30 Year Conventional Purchase 6.32% 11/21/24
    30 Year Conventional Refi 6.36% 11/21/24
    30 Year Cash-out Refi 6.55% 11/21/24
    30 Year FHA Purchase 7.14% 11/21/24
    15 Year Conventional Purchase 5.73% 11/21/24
    15 Year Conventional Refi 5.80% 11/21/24
    15 Year Cash-out Refi 5.80% 11/21/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Premier Members Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Premier Members Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    1,544

    Origination Dollar Volume (All Markets)

    $177,850,000

    Awards

    PREMIER MEMBERS CREDIT UNION 30 Year Conventional Loans gold PREMIER MEMBERS CREDIT UNION 30 Year Conventional Loans bronze PREMIER MEMBERS CREDIT UNION 30 Year Conventional Loans bronze
    Show all (3) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 728 $84,790,000 $116,470 $3,388 5.63%
    BOULDER, CO (FHA|USDA|VA) 462 $59,040,000 $127,792 $2,784 5.18%
    GREELEY, CO (FHA|USDA|VA) 187 $17,345,000 $92,754 $3,305 5.69%
    FORT COLLINS, CO (FHA|USDA|VA) 103 $10,755,000 $104,417 $3,266 5.56%
    Outside of Metro Areas 25 $2,335,000 $93,400 $3,316 5.22%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 19 $1,415,000 $74,474 $0 6.00%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $575,000 $575,000 $5,420 4.75%
    PUEBLO, CO (FHA|USDA|VA) 2 $400,000 $200,000 $2,443 5.50%
    Edwards, CO (FHA|USDA|VA) 5 $335,000 $67,000 $0 5.50%
    Steamboat Springs, CO (FHA|USDA|VA) 4 $290,000 $72,500 $0 6.00%
    ALBUQUERQUE, NM (FHA|USDA|VA) 1 $155,000 $155,000 $2,699 4.38%
    GRAND JUNCTION, CO (FHA|USDA|VA) 3 $145,000 $48,333 $0 5.17%
    Glenwood Springs, CO (FHA|USDA|VA) 2 $100,000 $50,000 $0 5.38%
    Montrose, CO (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.75%
    TUCSON, AZ (FHA|USDA|VA) 1 $75,000 $75,000 $3,080 4.25%
    Premier Members Credit Union's top markets include Denver, Boulder, Greeley, Fort Collins, and Colorado Springs among others.

    Their top states include:
  • Colorado (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against PREMIER MEMBERS CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    PREMIER MORTGAGE SERVICES, INC.
    Similarity Rank: 335
    DENVER COMMUNITY
    Similarity Rank: 548
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 614
    Guaranty Bank and Trust Co
    Similarity Rank: 833
    First American State Bank
    Similarity Rank: 985
    Aurora Financial, LLC
    Similarity Rank: 1080
    Credit Union Lending Source
    Similarity Rank: 1148
    Calatlantic Morgage Inc.
    Similarity Rank: 1404
    ROCKY MOUNTAIN LAW ENFORCEMENT FCU
    Similarity Rank: 1470
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1927

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,343 $125,665,000 $93,570 n/a 5.59%
    Conventional 201 $52,185,000 $259,627 $3,148 4.81%

    For 2018, Premier Members Credit Union's most frequently originated type of loan was HELOC, with 1,343 originations. Their 2nd most popular type was Conventional, with 201 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 648 $55,610,000 $85,818 $121 5.30%
    Other 452 $35,700,000 $78,982 $208 5.87%
    Refi 229 $42,265,000 $184,563 $3,135 4.96%
    Home Purchase 215 $44,275,000 $205,930 $3,820 5.83%

    For 2018, Premier Members Credit Union's most frequently cited loan purpose was Home Improvement, with 648 originations. The 2nd most popular reason was Other, with 452 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 1,345 $126,155,000 $93,796 $3,126 5.59%
    30 Year 158 $46,320,000 $293,165 $3,458 4.74%
    15 Year 18 $2,790,000 $155,000 $2,425 5.33%
    10 Year 10 $800,000 $80,000 $614 5.24%
    20 Year 8 $1,530,000 $191,250 $3,337 4.48%
    5 Year 4 $250,000 $62,500 $155 4.44%
    3 Year 1 $5,000 $5,000 $0 6.99%

    For 2018, Premier Members Credit Union's most frequently cited loan duration was Other, with 1,345 originations. The 2nd most popular length was 30 Year, with 158 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 105 $26,225,000 $249,762
    $1k-2k 63 $17,475,000 $277,381
    $2k-3k 12 $2,210,000 $184,167
    $3k-4k 10 $2,530,000 $253,000
    $5k+ 7 $2,825,000 $403,571
    $4k-5k 2 $670,000 $335,000

    Premier Members Credit Union's average total fees were $3,458, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 105 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 743 $96,535,000 $129,926
    5-6% 451 $47,055,000 $104,335
    6-7% 199 $20,465,000 $102,839
    7-8% 93 $8,715,000 $93,710
    Over 8% 50 $3,550,000 $71,000
    3-4% 8 $1,530,000 $191,250

    During 2018, Premier Members Credit Union's average interest rate for loans was 4.74%, while their most frequently originated rate bucket for loans was 4-5%, with 743 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,071 $69,315,000 $64,720 $912 5.57%
    $100k-200k 227 $33,435,000 $147,291 $3,008 5.40%
    $200k-400k 209 $55,735,000 $266,675 $3,406 5.27%
    $400k-600k 34 $16,390,000 $482,059 $4,453 4.97%
    $600k-1MM 2 $1,440,000 $720,000 $2,936 4.63%
    $1MM+ 1 $1,535,000 $1,535,000 $5,977 4.50%

    2018 saw Premier Members Credit Union place emphasis on $100,000 or less loans with 1,071 originations, totaling $69,315,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 411 $48,105,000 $117,044 $3,287 5.42%
    $150k-250k 323 $43,105,000 $133,452 $2,992 5.47%
    $75k-100k 296 $30,230,000 $102,128 $3,333 5.53%
    $50k-75k 281 $26,275,000 $93,505 $3,011 5.63%
    $50k or less 150 $11,780,000 $78,533 $2,996 5.32%
    $250k+ 81 $18,105,000 $223,519 $3,251 5.62%

    Premier Members Credit Union lent most frequently to those with incomes in the $100k-150k range, with 411 originations. The second most popular income band? $150k-250k, with 323 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 305 $33,345,000 $109,328 $2,749 5.26%
    30-36% 258 $30,240,000 $117,209 $2,830 5.43%
    50-60% 191 $17,555,000 $91,911 $2,766 5.74%
    <20% 107 $11,455,000 $107,056 $3,114 5.06%
    38% 57 $8,485,000 $148,860 $3,775 5.37%
    49% 56 $7,970,000 $142,321 $3,916 5.57%
    41% 56 $5,950,000 $106,250 $3,085 5.76%
    48% 55 $6,445,000 $117,182 $4,427 5.80%
    40% 53 $5,195,000 $98,019 $2,240 5.67%
    46% 52 $6,490,000 $124,808 $3,285 5.72%
    37% 49 $5,265,000 $107,449 $2,757 5.59%
    39% 48 $4,680,000 $97,500 $4,261 5.45%
    44% 48 $6,910,000 $143,958 $2,810 5.55%
    36% 47 $5,435,000 $115,638 $3,763 5.40%
    43% 42 $7,270,000 $173,095 $3,597 5.62%
    47% 39 $5,025,000 $128,846 $3,111 5.98%
    45% 38 $4,930,000 $129,737 $3,472 5.65%
    42% 35 $3,465,000 $99,000 $3,183 5.63%
    >60% 6 $1,500,000 $250,000 $4,611 5.19%

    Premier Members Credit Union lent most frequently to those with DTI ratios of 20-30%, with 305 originations. The next most common DTI ratio? 30-36%, with 258 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,353 $154,825,000 $114,431 $3,051 5.49%
    Not provided 134 $16,450,000 $122,761 $3,735 5.44%
    Asian 26 $2,930,000 $112,692 $3,100 5.31%
    American Indian 12 $1,740,000 $145,000 $3,027 5.39%
    Black 16 $1,630,000 $101,875 $5,947 6.48%
    Not applicable 2 $240,000 $120,000 $0 5.00%
    Native Hawaiian or Islander 1 $35,000 $35,000 $0 7.25%

    Approval Rates

    Total approvals of all applications
    80.83%

    Premier Members Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    76.55%

    Premier Members Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,544 $177,850,000 $115,188

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $230,000 $115,000
    Single Family (1-4 Units):Site-Built 1,542 $177,620,000 $115,188

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 463 $60,695,000 $131,091 $2,712 5.46%
    40-60% 78 $19,230,000 $246,538 $3,358 5.34%
    60-80% 93 $26,955,000 $289,839 $3,668 4.93%
    80-100% 51 $16,865,000 $330,686 $3,433 4.86%
    Under 20% 859 $54,105,000 $62,986 $766 5.62%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Primary Capital Mortgage, LLC VA mortgage Trouble during payment process 1 100.0%