Pennsylvania State Employees Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 2.25% | 5-year CD | 60 Months CD 2.25% - Ally Bank High Yield 5 Year CD |
| 1.00% | 1-year CD | 12 Months CD 1.50% - Ally Bank No Penalty 11-Month CD |
| 0.15% | Savings | Regular Share Account 1.15% - CIT Bank Spring Savings |
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 March of 2017, it had grown to 677 employees and 429,218 members at 22 locations. Pennsylvania State Employees Credit Union's CD rates are 11% higher than the national average, and it has an A health rating.
Field of Membership Restrictions
Membership in Pennsylvania State Employees Credit Union is open to Pennsylvania residents who are members of 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
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Credit Unions are the way to go
I initially got hooked up with PSECU when I purchased my car. The dealer recommended I get my financing through them as their rates were the best in the area. I now use them as my go-to bank and I'm incredibly impressed with their service. The people are very nice and helpful. They are helpful with my checking and savings account questions any time I need them. They have decent services online. Overall, I would recommend them.
PSECU
I have had PSECU (Pennsylvania State Employee Credit Union) since I was sixteen. My favorite part of being a member of their institution is that when I deposit a check to my account remotely, the money is there to immediately use. There isn't a 3-5 day waiting period like there is with other banks. I also like that they have a courtesy overdraft policy. If you write a check out and there isn't enough money in your account, they will allow the check to still clear, and then they will only charge you a small fee of $30 for it. I don't know about anyone else, but bouncing a check is so embarrassing and there courtesy feature eliminates that headache. PSECU's customer service is also second to none. They are available 7 days a week, 24 hours a day. I have had to call multiple times after hours and they are also there to answer and with a minimal wait time.
Worth Keeping Our Accounts, Even Living Far Away
PSECU is a wonderful financial institution. Their customer service has done an excellent job handling occasional issues over the past 10 years we've been with them. For example, when an internet service provider (ISP) charged our credit card for a service we never received, I spent several hours on the phone with the ISP and they would not refund the money. One call to PSECU and 20 minutes later, PSECU credited the disputed amount back to me and said they would take care of working things out with the ISP. I never heard anything more and didn't care about it, because PSECU had already made things right with us immediately.
We now live in California--the nearest branch is in PA--and we've stayed with them for our primary checking and savings accounts because their online banking is phenomenal! Could not give a higher recommendation!
PSECU treats their customers like human beings
My experience with Pennsylvania State Employees Credit Union has been nothing but phenomenal, and has confirmed for me that I hope never to do business with any bank other than a SECU if I can help it. PSECU does not find senseless, obnoxious ways to squeeze more and more pennies out of their customers. Their customer service is excellent; it is easy to reach a competent representative without sitting through an insulting Q&A session with a robot. The people I deal with at this institution are actually happy to help with any issues I may have, and if they can't help, they show a genuine interest in finding me someone who can. Overall, the ethos of PSECU is that the money I deposit with them is MY money, not theirs, and that they have an obligation to continually renew the values that earned my business in the first place. Finally, I appreciate that they do not participate in predatory practices that put their customers' money at undue risk. Literally every good thing I've listed here I have found to be absent or the opposite at all other financial institutions I have used throughout my life. PSECU is a breath of fresh air.
Data as of Q1 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 64131 |
| Year Chartered | 1933 |
| Employees | 677 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.04% |
| Return on Equity - YTD | 9.7% |
| Annual Interest Income | $45.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $5.01B$4.61B |
| Loans | Q1 2017vs Q1 2016 | $3.61B$3.37B |
| Deposits | Q1 2017vs Q1 2016 | $4.46B$4.10B |
| Equity Capital | Q1 2017vs Q1 2016 | $527.6MM$485.4MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $48.2MM$53.8MM |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $19.6MM$19.3MM |
| Real Estate Owned | Q1 2017vs Q1 2016 | $362.00K$355.00K |
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.
$150 Direct Deposit Bonus - PA
To receive $150, new members must: join PSECU before 6/30/2017 with a promotional code (FS150); sign up and be approved for Checking, Debit Card and Online Banking; and establish one or more qualifying payroll Direct Deposits that together total $300 per calendar month, recurring monthly, within 90 days of establishing membership.
https://www.psecu.com/promo/
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.
Pennsylvania State Employees Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.15% | - | - | Regular Share Account | |
| 0.15% | - | - | Vacation Savings Share | |
| 0.15% | - | - | Christmas Savings Share | |
| 0.15% | - | - | IRA Savings Account | |
| 0.15% | - | - | Summer Pay (S5) Account |
Pennsylvania State Employees Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.20% | $500 | - | Money Market Account |
Pennsylvania State Employees Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | - | - | Checking Account |
Pennsylvania State Employees Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.25% | $500 | - | 60 Months CD | |
| 2.00% | $500 | - | 48 Months CD | |
| 1.75% | $500 | - | 36 Months CD | |
| 1.50% | $500 | - | 24 Months CD | |
| 1.25% | $500 | - | 18 Months CD | |
| 1.00% | $500 | - | 12 Months CD | |
| 0.75% | $500 | - | 9 Months CD | |
| 0.50% | $500 | - | 6 Months CD | |
| 0.25% | $500 | - | 3 Months CD |
Pennsylvania State Employees Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.25% | $500 | - | 60 Months IRA | |
| 2.00% | $500 | - | 48 Months IRA | |
| 1.75% | $500 | - | 36 Months IRA | |
| 1.50% | $500 | - | 24 Months IRA | |
| 1.25% | $500 | - | 18 Months IRA | |
| 1.00% | $500 | - | 12 Months IRA | |
| 0.75% | $500 | - | 9 Months IRA | |
| 0.50% | $500 | - | 6 Months IRA | |
| 0.25% | $500 | - | 3 Months IRA |
Pennsylvania State Employees Credit Union has 22 locations. Click to view all Pennsylvania State Employees Credit Union locations.