2. Pennsylvania State Employees Credit Union

Pennsylvania State Employees Credit Union


Overview / Commentary
www.psecu.com
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 32nd largest credit union in the nation. It was established in 1933 and as of September of 2019, it had grown to 801 employees and 466,524 members at 2 locations. Pennsylvania State Employees Credit Union's CD rates are 72% higher than the national average, and it boasts 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

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.

PSECU Announces New Rates - 11/9/2019

Yields as of Nov. 9, 6PM EST 24 months: 2.00% 36 months: 2.25% 48 months: 2.40% 60 months: 2.55% Fine print: "Rates and information are subject to change at any time. Recurring deposits may be made into the certificate through automatic transfers (ATS) only. You may set up recurring deposits through ATS within 30 days after the certificate is purchased. Deposits can be stopped or reduced at any time. This rate will be paid until the certificate matures. Your certificate will automatically renew at the rate in effect at the time of maturity unless we are contacted on or before the maturity date. Upon renewal, the term will be the same as the original term. You have ten calendar days after maturity to redeem your certificate without penalty if you do not want to renew. If the member has not contacted PSECU by the maturity date, the certificate will renew for the rate in effect on the date of maturity and for the same term as the original term. A penalty will be imposed for early withdr

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Reviews (26)

PSECU - Awesome CSR

Posted by: Hooked | Nov 15, 2019

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.

8

PSECU Took The High Road...

Posted by: GerryB | Nov 14, 2019

...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.

9

Great Credit Union

Posted by: MikeJ | Oct 29, 2019

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.

7

Knowlegable, Professional, And Curtious Representatives

Posted by: murr9506 | Nov 18, 2019

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.

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VIEW MORE REVIEWS

Health
A+

Data as of Q3 2019

Learn why bank health matters

Health Grade Components

Overall
NCUA #64131
Year Chartered1933
Employees801
Primary Regulator
Profit Margin
Return on Assets - YTD1.02%
Return on Equity - YTD8.9%
Annual Interest Income$179.2MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$5.58B$5.27B
LoansQ3 2019vs Q3 2018$4.52B$4.18B
DepositsQ3 2019vs Q3 2018$4.91B$4.64B
Equity CapitalQ3 2019vs Q3 2018$638.0MM$604.2MM
Loan Loss AllowanceQ3 2019vs Q3 2018$44.5MM$43.7MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$22.6MM$24.3MM
Real Estate OwnedQ3 2019vs Q3 2018$427.00K$774.00K
  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.

CD Rates Decrease

david2019   |  
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.
4

PSECU Announces New Rates

alan1   |  
Yields as of Nov. 9, 6PM EST

24 months: 2.00%
36 months: 2.25%
48 months: 2.40%
60 months: 2.55%

Fine print: "Rates and information are subject to change at any time. Recurring deposits may be made into the certificate through automatic transfers (ATS) only. You may set up recurring deposits through ATS within 30 days after the certificate is purchased. Deposits can be stopped or reduced at any time. This rate will be paid until the certificate matures. Your certificate will automatically renew at the rate in effect at the time of maturity unless we are contacted on or before the maturity date. Upon renewal, the term will be the same as the original term. You have ten calendar days after maturity to redeem your certificate without penalty if you do not want to renew. If the member has not contacted PSECU by the maturity date, the certificate will renew for the rate in effect on the date of maturity and for the same term as the original term. A penalty will be imposed for early withdrawal. A minimum daily balance of $500 must be maintained in order to earn the disclosed APY."

https://www.psecu.com/banking/certificates
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Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%*-$500Youth Savings Program
OTHER TIERS: 0.15% → $500+
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
0.15%$500-Business Regular Share

Pennsylvania State Employees Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%$500-Money Market Account
0.20%$2.5k-Business Money Market

Pennsylvania State Employees Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Checking Account
0.10%$2.5k-Business Checking

Pennsylvania State Employees Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%$500-60 Month CD
2.25%$500-Business 60 Month CD
2.15%$500-48 Month CD
2.15%$500-Business 48 Month CD
2.00%$500-36 Month CD
2.00%$500-Business 36 Month CD
1.85%$500-24 Month CD
1.85%$500-Business 24 Month CD
1.70%$500-18 Month CD
1.70%$500-Business 18 Month CD
1.55%$500-12 Month CD
1.55%$500-Business 12 Month CD
1.40%$500-9 Month CD
1.40%$500-Business 9 Month CD
1.25%$500-6 Month CD
1.25%$500-Business 6 Month CD
1.10%$500-3 Month CD
1.10%$500-Business 3 Month CD

Pennsylvania State Employees Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%$500-60 Month IRA
2.15%$500-48 Month IRA
2.00%$500-36 Month IRA
1.85%$500-24 Month IRA
1.70%$500-18 Month IRA
1.55%$500-12 Month IRA
1.40%$500-9 Month IRA
1.25%$500-6 Month IRA
1.10%$500-3 Month IRA
Locations


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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.