Archive for April, 2011

American 1 and Premier Financial to Merge





Contact: Kristi Latoszewski

For immediate release VP, Marketing and Communications

April 25, 2011 (517) 787-6510

American 1 Federal Credit Union and Premier Financial Credit Union to Merge

Jackson, MI American 1 Federal Credit Union (American 1) and Premier Financial Credit Union (Premier Financial) have announced plans to merge in 2011; American 1 being the surviving organization. After months of research and negotiation, the Board of Directors for both organizations has approved the merger. The joining of the two credit unions will result in American 1 serving nearly 50,000 Members in the state of Michigan, with assets exceeding $240 million.

“Premier Financial Credit Union has served the financial needs of our membership for 73 years. In this environment, it’s been challenging to maintain the financial position and growth needed to provide the products, services and locations our members want and need. Our partnership with American 1 will allow us to fulfill our mission and provide the added benefits our members deserve,” stated James Safian, Premier Financial’s CEO.

The merger is slated to be legally complete late summer of 2011, when Premier Financial’s nearly 7,000 member’s accounts transition to American 1. Premier Financial currently offers two locations in the Metro Detroit area. Both of these branches will remain open and American 1 has plans to expand the hours of service for the membership.

“American 1 Federal Credit Union was identified as the ideal merger partner because they are committed to providing superior member service. They have a proven history of financial stability and growth and they are committed to giving back to the communities they serve.” Safian said.

“American 1 Federal Credit Union looks forward to serving the members of Premier Financial Credit Union. This merger is a partnership and a new beginning as both of our credit unions move toward uniting our members, services and operations,” said Dave Puckett, American 1’s President and CEO. American 1 Federal Credit Union is a member-owned, not-for-profit financial institution based in Jackson, Michigan. In 2010, American 1 Federal Credit Union had an outstanding return on assets of 1.72%. The notable results placed American 1 in the top 4% of more than 7,000 credit unions in the United States for net income. American 1 Federal Credit Union offers a wide range of consumer banking services with a specialty in auto loan expertise.

Since 1950, American 1 Federal Credit Union serves over 42,000 members in Jackson, Hillsdale, Washtenaw, and Calhoun counties. American 1 is federally insured by the NCUA. More information, including current financial statements, for American 1 can be found at

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Nothing But Sunshine In April


April is the month for a Low APR and a Rebate

April may bring showers, but not at American 1. Here, new and existing members are seeing nothing but sunshine as they come in for a new secured, closed-end loan through the end of April. This is because American 1 is raising the umbrella over members with a 1.99% APR* for qualifying applicants. Members will also receive 50% of the interest they pay through the end of the year back as a warming gift come January.

So if you’re looking for a new vehicle or are patiently waiting for warm weather to arrive so you can get an ATV or Jet Ski, then we’ve got you covered. Just come in and talk with one of our Member Service Specialists to apply for a new secured, closed-end loan.

Not to be outdone, we also want to help our members who have high interest rates and fees on their credit cards. If you transfer at least $500 to our local and affordable American 1 Visa, you will be entered to win $1,000. You will get one entry for every $500 that you transfer no matter how large your transfer is! Want to transfer $2,000? That’s okay! You will then have 4 entries into our drawing.

Now members can enjoy great rates and competitive rebates while supporting their community. What better time is there to become a member?

1.99% Annual Percentage Rate (APR) listed is based on credit score and term, and subject to approval. See any branch for details.

American 1 Federal Credit Union