Pennsylvania State Employees Credit Union


Overview / Commentary
800-237-7328
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 38th largest credit union in the nation. It was established in 1933 and as of June of 2023, it had grown to 818 employees and 576,853 members at 2 locations. Pennsylvania State Employees Credit Union 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. https://www.psecu.com/banking/certificates

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GOOD BANK

Posted by: |

Good people to work with. Excellent customer service. Great rates for used car loans. Easy qualifications. Got approved @ 773 CS after doing a successful credit score boost with credit boost helpers. Will use again for my next loan. Love the ease to getting the loan. Will recommend them for car loans and creditboosthelpers @ gmail .com for credit repairs.

PSECU Took The High Road...

Posted by: |

...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

Posted by: |

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.

Worst Credit Union

Posted by: |

Ever since COVID it's like they do the bare minimum to get by. I attempted (key word, attempted) to do a balance transfer a little over 2 weeks ago... the balance has not been transferred and PSECU is blaming the post office. They can't help with any request and just give you the lamest explanations that really don't explain anything. This credit union will make you want to stand in traffic. They need to do better but I don't think they will.

VIEW MORE REVIEWS

Health
B+

Health Grade Components

Overall
NCUA #64131
Year Chartered1933
Employees818
Primary Regulator
Profit Margin
Return on Assets - YTD0.45%
Return on Equity - YTD4.78%
Annual Interest Income$197.4MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$8.26B$8.32B
LoansQ2 2023vs Q2 2022$6.27B$5.95B
DepositsQ2 2023vs Q2 2022$7.44B$7.53B
Equity CapitalQ2 2023vs Q2 2022$784.3MM$744.0MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$51.3MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$49.6MM$23.6MM
Real Estate OwnedQ2 2023vs Q2 2022$0$0
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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