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 29th largest credit union in the nation. It was established in 1933 and as of December of 2020, it had grown to 791 employees and 481,077 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 $100 Bonus Targeted Offer - 3/2/2021

My wife got this today. It's a targeted offer. I'm a member but my wife is joint. She has to join the CU (Cost is $10 for easy membership). and here are the guidelines: Get $100 Bonus Rules: No purchase necessary. To receive $100, new members (age 18 or older) must: join PSECU before March 31, 2021 at 11:59 p.m. (ET) through the designated PSECU promotional offer page and sign up and be approved for a checking account, a PSECU debit card, and digital banking (online or mobile) account access within 90 days of establishing membership. Participant must be a U.S. Resident. Promotion open to persons 18 years of age or older at the time the account is opened. One promo code per new member. Additional promo code will be invalid. The recipient of the $100 bonus is solely responsible for payment of applicable taxes on that amount. If you have any questions, please seek the advice of a qualified tax professional. PSECU reserves the right to recall the $100 bonus if the member account is close

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%

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PSECU - Awesome CSR

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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.

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Health

Health Grade Components

Overall
NCUA #64131
Year Chartered1933
Employees791
Primary Regulator
Profit Margin
Return on Assets - YTD0.59%
Return on Equity - YTD6.14%
Annual Interest Income$235.3MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$7.46B$6.28B
LoansQ4 2020vs Q4 2019$4.94B$4.62B
DepositsQ4 2020vs Q4 2019$6.71B$5.60B
Equity CapitalQ4 2020vs Q4 2019$706.6MM$645.2MM
Loan Loss AllowanceQ4 2020vs Q4 2019$50.7MM$45.0MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$17.1MM$24.5MM
Real Estate OwnedQ4 2020vs Q4 2019$501.00K$530.00K
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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