Pennsylvania State Employees Credit Union

Overview / Commentary
1500 Elmerton Ave
Harrisburg, PA 17110

Pennsylvania State Employees Credit Union is headquartered in Harrisburg and is the 2nd largest credit union in the state of Pennsylvania. It is also the 40th largest credit union in the nation. It was established in 1933 and as of December of 2023, it had grown to 837 employees and 591,730 members at 2 locations. Pennsylvania State Employees Credit Union's money market rates are 7X the national average, and it has a B+ 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- 5% APY On 9 And 12 Month Cds - 9/11/2023

Just got the email today. $500 minimum.

Extra! Extra! Read All About It! Our Money Market Rates Have Increased - 8/10/2023

From email: Have you heard the news? Our money market rates now start at 2.50% APY* on balances as low as $500. With this rate increase for the lower tiers of our money market account, you can unlock greater dividends than you’d earn with a traditional savings account, without a high minimum balance

PSECU CD 12 Month 4.75% - 6/27/2023

Was hoping PSECU would offer a more competitive rate. Their CDs have been lackluster lately.

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Good Referral Bonus

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You can use my referral link if you want to help get the $300 bonus. Don't forget you can type in the code LEVELUP for the first $100.

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.

ACH Limit Of $2K Per Day Is Too Low

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PSECU has great customer service and some good savings products. But with a limit of only $2,000 per day in ACH transfer, they can hold on to your cash for a long time.

Like Watching Cheese Slide Off A Cracker

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I have been a member of PSECU since the mid-90s. This credit union has slowly but surely been declining in customer and banking services. One of the only reasons I ever stuck with them was because of their low auto loan rates. So this is a credit union that doesn't have to abide by the same rules and regulations as a bank and yet it has the same current interest rates as banks do... And in some cases, higher. So why does a credit union, which lowers its customer service capabilities, have the same loan rates as a bank while being customer-owned? The only benefit you're getting from this credit union is free checking. You can't earn any interest worth mentioning on a savings account. I'm currently getting 4.4% interest on my savings at another bank while PSECU gives you 0.5%. So all of the money this credit union is making is being spent on itself instead of its customers/members.

Take a look at their Form 990 for 2022 (
Over $6.2 million per year on officer salaries? Over $1.2 million a year on officer compensation? Who has been doing the voting for officers and their salaries... The officers themselves? This is starting to sound a lot like Congress voting for their own pay raises while pretending they work FOR the American people. I've already transferred all of my accounts to another institution and aggressively paid off my new truck loan in six months just so I could leave. Goodbye PSECU!



Health Grade Components

NCUA #64131
Year Chartered1933
Primary Regulator
Profit Margin
Return on Assets - YTD0.09%
Return on Equity - YTD0.98%
Annual Interest Income$413.6MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$8.23B$8.07B
LoansQ4 2023vs Q4 2022$6.53B$6.15B
DepositsQ4 2023vs Q4 2022$7.42B$7.25B
Equity CapitalQ4 2023vs Q4 2022$757.8MM$756.4MM
Loan Loss AllowanceQ4 2023vs Q4 2022$127MM$58.6MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$63.4MM$44.7MM
Real Estate OwnedQ4 2023vs Q4 2022$316K$135K
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Always verify rates and promotions with the bank or credit union. We are not Pennsylvania State Employees Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Pennsylvania State Employees Credit Union Savings Account Rates

4.00%*-$500Youth Savings Program
OTHER TIERS: 0.50% $500+
0.50%--Regular Share Account
0.50%--Vacation Savings Share
0.50%--Christmas Savings Share
0.50%--IRA Savings Account
0.50%--Summer Pay (S5) Account
0.50%$500-Business Regular Share

Pennsylvania State Employees Credit Union Money Market Rates

3.00%*$100k*-Money Market Account
OTHER TIERS: 2.50% $500 - $50k | 2.75% $50k - $100k
3.00%*$100k*-Business Money Market
OTHER TIERS: 2.50% $2.5k - $50k | 2.75% $50k - $100k

Pennsylvania State Employees Credit Union Checking Account Rates

0.20%--Checking Account
0.20%$2.5k-Business Checking

Pennsylvania State Employees Credit Union CD Rates

5.00%$500-12 Month Share Certificate Special
5.00%$500-9 Month Share Certificate Special
4.00%$500-6 Month Share Certificate
3.35%$500-18 Month Share Certificate
3.25%$500-24 Month Share Certificate
3.15%$500-36 Month Share Certificate
3.05%$500-48 Month Share Certificate
2.95%$500-60 Month Share Certificate
1.50%$500-3 Month Share Certificate

Pennsylvania State Employees Credit Union IRA Rates

5.00%$500-12 Month IRA Special
5.00%$500-9 Month IRA Special
4.00%$500-6 Month IRA
3.35%$500-18 Month IRA
3.25%$500-24 Month IRA
3.15%$500-36 Month IRA
3.05%$500-48 Month IRA
2.95%$500-60 Month IRA
1.50%$500-3 Month IRA

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

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