PSECU

PSECU (also known as Pennsylvania State Employees Credit Union) is a state-chartered credit union headquartered in Harrisburg, Pennsylvania.[1] PSECU is a non-profit financial entity,[2] serves over 450,000 members and has over $5 billion in assets.[3][4] Deposits by the members are regulated and insured by National Credit Union Administration (NCUA).[5]

PSECU
Pennsylvania State Employees Credit Union
TypeCredit union
IndustryFinancial services
Founded1933
HeadquartersHarrisburg, Pennsylvania, Pennsylvania, United States
Key people
George Rudolph
(President)
ProductsSavings; checking; consumer loans; mortgages; credit cards; online banking
Total assets US$5.5 billion (2019)
Number of employees
900
SubsidiariesPSECU Financial Services
Websitepsecu.com

History

PSECU was founded in 1933 by H. Andrew Hanemann, during the period of Great Depression.[6] At the time of inception, it had only 22 members, contributing just $90 worth of assets.

See also

References

  1. "PENNSYLVANIA STATE EMPLOYEES CREDIT UNION - IBANKNET.COM". www.ibanknet.com. Retrieved 2020-10-15.
  2. ProPublica, Mike Tigas, Sisi Wei, Ken Schwencke, Brandon Roberts, Alec Glassford. "Pennsylvania State Employees Credit Union - Nonprofit Explorer". ProPublica. Retrieved 2020-10-15.
  3. "Pennsylvania State Employees Credit Union" (PDF). FICO. Retrieved October 15, 2020.
  4. Dagan, David. PSECU plans move to Susquehanna Township. Central Penn Business Journal. 25 Oct. 2007.
  5. Zhen, Simon (2020-08-10). "PSECU Review: Digital-First Approach, Great Products". MyBankTracker. Retrieved 2020-10-15.
  6. McCabe, Shannon (2017-11-14). "PSECU: supporting financial literacy since 1933". The Quad. Retrieved 2020-10-17.
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