Pennsylvania State Employees Credit Union


Overview / Commentary
717-234-8484
1500 Elmerton Ave
Harrisburg, PA 17110

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 December of 2019, it had grown to 803 employees and 472,601 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

PSECU Lowers Certificate Rates - 3/10/2020

PSECU has lowered their rates on Certificates. I don't have the prior figures, but I know that both the 4 and 5 year were still above 2% late last week. Here are the new rates: Description APY* 3 months 0.75% 6 months 0.90% 9 months 1.05% 12 months 1.20% 18 months 1.35% 24 months 1.50% 36 months 1.65% 48 months 1.80% 60 months 1.90%

Update on PSECU’s Very Competitive Special CD Rates - 11/18/2019

For anyone looking for mid-term or long-term CDs, PSECU's Special Certificates are excellent deals in today’s interest rate environment.

CD Rates Decrease - 11/9/2019

PSECU's website shows their rates were just reduced. 24-month CD went from 3.00% APY to 2.00% APY and 36-month went from 3.25% APY to 2.25% APY.

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PSECU - Awesome CSR

Posted by: |

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...

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...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

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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

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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.

VIEW MORE REVIEWS

Health

Health Grade Components

Overall
NCUA #64131
Year Chartered1933
Employees803
Primary Regulator
Profit Margin
Return on Assets - YTD0.87%
Return on Equity - YTD8.04%
Annual Interest Income$240.2MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$6.28B$5.36B
LoansQ4 2019vs Q4 2018$4.62B$4.27B
DepositsQ4 2019vs Q4 2018$5.60B$4.71B
Equity CapitalQ4 2019vs Q4 2018$645.2MM$593.5MM
Loan Loss AllowanceQ4 2019vs Q4 2018$45.0MM$45.3MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$24.5MM$25.6MM
Real Estate OwnedQ4 2019vs Q4 2018$530.00K$340.00K
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

PSECU Lowers Certificate Rates

  |  
PSECU has lowered their rates on Certificates. I don't have the prior figures, but I know that both the 4 and 5 year were still above 2% late last week. Here are the new rates:

Description APY*
3 months 0.75%
6 months 0.90%
9 months 1.05%
12 months 1.20%
18 months 1.35%
24 months 1.50%
36 months 1.65%
48 months 1.80%
60 months 1.90%

Rates

Rates for Pennsylvania State Employees Credit Union are currently being reviewed.

Locations


Pennsylvania State Employees Credit Union Locations
Branch Office121 Strawberry SqHarrisburg, PA 17101
Branch Office1 Credit Union PlHarrisburg, PA 17110

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