Pennsylvania State Employees Credit Union
Pennsylvania State Employees Credit Union is headquartered in Harrisburg and is the largest credit union in the state of Pennsylvania. It is also the 27th largest credit union in the nation. It was established in 1933 and as of June of 2020, it had grown to 786 employees and 473,316 members at 2 locations. Pennsylvania State Employees Credit Union has an A health rating.
Field of Membership Restrictions
Membership in Pennsylvania State Employees Credit Union is open to all U.S. citizens and resident aliens through membership in the Pennsylvania Recreation & Parks Society ($20 membership fee). Membership is also open to Pennsylvania state or local government employees, municipality or school district employees, students, faculty, staff and alumni of universities in the Pennsylvania State System, and over 1,000 Select Employer Groups.
See current membership details
Related Posts
11/9 - CD Rates Decrease
11/9 - PSECU Announces New Rates
10/26 - PSECU (PA) 36-Month CD Still Earns 3.25% APY
10/2 - Attractive CD Rates
8/23 - PSECU Add-On Feature For CD's Is Still Available
8/20 - PSECU (PA) Offers Competitive 36-Month CD (3.25% APY)
8/7 - PSECU Has Nationally Available 60-Month Add-On CD (3.00% APY)
8/5 - PSECU CD's With Add-On Option
PSECU - Awesome CSR
I called PSECU today to set up the add-on feature to my CDs. It was at the end of the day in their CD department, but I was treated like I were their only customer. The CSR was thorough, patient and extremely pleasant. Very happy to park my money with this Credit Union.
PSECU Took The High Road...
...and I wanted to add my voice to the many that have expressed their admiration and gratitude. My wife and I spent the entirety of Friday 11/8 becoming members. We were approved in the late afternoon, too late for a same-day wire, but we initiated a wire transfer Friday evening to be executed on Tuesday morning. When we heard of the impending rate change on Saturday morning, we tried everything, even a mobile deposit (didn’t work). We’d have felt very burned if PSECU had left us in the cold—and we were well aware that that could happen. But PSECU acted honorably, in the best tradition of how America’s financial system *should* operate. I was reminded of Jimmy Stewart in “It’s A Wonderful Life.” Kudos to the management for a wise decision and to the tireless CSRs who put up with all of us. Reputation matters. PSECU is a five-star outfit.
Great Credit Union
My wife and I love these people. We opened an account 10 years ago when my son started attending Lock Haven University. LHU is a PSAC university. Their CD rates are consistently higher than anybody else in our state and competitive across the nation. It is easy to transfer funds among accounts. Purchasing, rolling over, and cashing out CDs is very easy to do online. Customer service reps on the phone are knowledgeable and professional. We are loyal members and plan to be for a long time.
Knowlegable, Professional, And Curtious Representatives
PESCU representatives have been excellent in providing help and accurate answers/information during a time of high demand due to an excellent CD promotion. I opened two accounts and appreciate very much the hard work and courteous, professional attention provided to me by this credit union.
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 64131 |
| Year Chartered | 1933 |
| Employees | 786 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.51% |
| Return on Equity - YTD | 5.07% |
| Annual Interest Income | $119.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $7.07B$5.56B |
| Loans | Q2 2020vs Q2 2019 | $4.61B$4.39B |
| Deposits | Q2 2020vs Q2 2019 | $6.36B$4.90B |
| Equity Capital | Q2 2020vs Q2 2019 | $679.5MM$629.6MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $47.7MM$43.6MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $18.1MM$23.1MM |
| Real Estate Owned | Q2 2020vs Q2 2019 | $535.00K$360.00K |