About Premier Credit Union

How to Become a Member
What's the difference between a credit union and a bank?
Board of Directors
Career Opportunites
Account Disclosures
Privacy Policy

Our History

Premier Credit Union began as Bankers Life Employees Credit Union on September 11, 1933. The purpose of the credit union was to promote savings and in turn offer affordable loans to its members. Only employees and retirees of Bankers Life Company and their families were eligible to join the credit union.
In 1986 when Bankers Life Company changed its name to Principal Financial Group, the credit union subsequently changed its name to Principal Financial Group Employees Credit Union. The credit union's name changed again in 2001 to its current name, Premier Credit Union. This change was initiated for two reasons.

  1. The name Principal Employees Credit Union no longer represented our full membership base. Since our policy is "Once a member, always a member", a large part of our membership over 70 plus years were no longer employed at Principal Financial Group. In addition, we have a growing base of family members that never worked at Principal Financial Group. 
  2. The new name, Premier Credit Union, reinforces our core mission, which is Building Relationships - One Member at a Time.

On April 4, 2004, the credit union moved its office to our current main office location at 800 9th Street in downtown Des Moines, Iowa. The location was picked because of its proximity to the corporate offices of Principal Financial Group where a large number of members still work and its convenient downtown presence for new downtown Employer Partners such as The Des Moines Register, KCCI-Channel 8 and ING.

How to Become a Member

We’re Now Open To The Community!
Premier Credit Union is now operating under a new community charter. This change was implemented to allow more people to enjoy the many benefits of Premier Credit Union membership. Membership is now open to everyone who lives or works in Adair, Boone, Clarke, Dallas, Greene, Guthrie, Hamilton, Harden, Jasper, Lucas, Madison, Mahaska, Marshall, Marion, Monroe, Polk, Poweshiek, Story, Tama, Union, Warren, or Webster County.

Employee Partners
You are also eligible for membership if you are an employee of one of Premier Credit Union's Employee Partners or have a family member who is a member of Premier Credit Union.

Take advantage of all our services by completing our Membership Application.

Once a Member Always a Member

If life brings you the challenge of changing jobs, there's one thing you won't have to worry about...finding a new credit union.

We stand firm in our commitment to the motto "once a member, always a member." Once you become a member of Premier Credit Union, you're a member for life - even if you change jobs, retire, or move to another city. Online Banking and the Privileged Status ATM Network makes accessing your accounts easy and convenient, so no matter where you go you can belong to Premier Credit Union. Rest assured that wherever life takes you, your credit union is never far away.

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What's the difference between a credit union and a bank?

What is a Credit Union?

Credit Unions are not-for-profit financial cooperatives and are among the most stable institutions in America. They exist to serve the needs of their members (who are also owners) and offer the same types of banking products and services you would find at other financial institutions, including savings and checking accounts, loans, mortgages, Online Banking and bill payment, and more.

Why Premier Credit Union?

Premier has been safe, secure and insured since 1933 and today has over $175 million in assets and more than 16,500 members. Premier members have access to 4 Premier branches and surcharge-free Shazam Network ATMs. It is our mission to always provide superior products and services in the most friendly and efficient manner possible, with a specific intention of improving the financial well-being of each and every member.


Board of Directors

An all-volunteer Board of Directors that is elected by the membership guides Premier Credit Union in its decisions. The Board meets once a month at the credit union's main office to review the credit union's performance and policies, savings and loan rates and other issues brought to the board by the credit union's staff. Directors also serve on various committees that meet monthly as necessary. A Director's term is three years.
The following members currently hold positions on the Board of Directors.

Randy Bachman Ron Vernon
Sara Flynn Mary Ward
Betsy Jepsen Andrew Young
Dan Kline Darin Zahn
Todd Mendenhall  
Cynde Urness  


Rewarding Career Opportunities at Premier

Premier Credit Union, offers a rewarding, growth-oriented team environment, along with a comprehensive benefits package and attractive compensation structure.
Premier Credit Union is an Affirmative Action Employer and is committed to the principles of Equal Employment Opportunity. We believe our continued success depends on the full and effective utilization of qualified persons without regard to race, color, creed, religion, national origin, gender, age, physical or mental disability or any other classifications protected by applicable federal, state of Iowa or local laws.
Online Employment Application

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News & Events

  • Together in Teal - Annual walk is Saturday, September 26th!
  • The 2020 Annual Meeting is scheduled for October 28, 2020 at 3:30pm.  Click here for more details on this hybrid meeting and to read the bios of the board members running for re-election.
  • The 2020 Pinky Swear Radiothon will be held on Friday, December 11 at Valley West Mall, click here to get involved.

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