PSECU (also known as Pennsylvania State Employees Credit Union) is a state-chartered credit union headquartered in Harrisburg, Pennsylvania.[1] PSECU is a not-for-profit financial entity[2] that serves more than 480,000 members and manages over $7.5 billion in assets.[3][4][5] Deposits by the members are regulated and insured by National Credit Union Administration (NCUA).[6]
 | |
| Company type | Credit union |
|---|---|
| Industry | Financial services |
| Founded | 1934 |
| Headquarters | Harrisburg, Pennsylvania, United States |
Key people | George Rudolph (President and CEO) |
| Products | Savings; checking; consumer loans; mortgages; credit cards; online banking |
| Total assets |  US$7.5 billion (2020) |
Number of employees | 900 |
| Subsidiaries | PSECU Financial Services |
| Website | www |
History
editPSECU was started in 1934 by 22 state employees who pooled $90 in assets to found the credit union and provide better lives for their families.[7]
In 2022, PSECU was named as the Best-In-State credit union for the fourth year by Forbes.[8] That same year, PSECU's president and chief executive officer, George Rudolph, was named to the Banking & Finance Power List.[9] PSECU's management philosophy in 2022 was described, in part, by Barb Bowker, PSECU's chief member experience officer, as follows: "Tapping into someone’s emotions — giving them a truly great experience as a member — is what builds loyalty and helps retain members for a lifetime."[10]
See also
editReferences
edit- ^ "PENNSYLVANIA STATE EMPLOYEES CREDIT UNION - IBANKNET.COM". www.ibanknet.com. Retrieved 2020-10-15.
- ^ ProPublica, Mike Tigas, Sisi Wei, Ken Schwencke, Brandon Roberts, Alec Glassford. "Pennsylvania State Employees Credit Union - Nonprofit Explorer". ProPublica. Retrieved 2020-10-15.
{{cite web}}: CS1 maint: multiple names: authors list (link) - ^ "Largest Credit Unions in the United States". CreditUnionsOnline.com.
- ^ "Pennsylvania State Employees Credit Union" (PDF). FICO. Retrieved October 15, 2020.
- ^ Dagan, David. PSECU plans move to Susquehanna Township. Central Penn Business Journal. 25 Oct. 2007.
- ^ Zhen, Simon (2020-08-10). "PSECU Review: Digital-First Approach, Great Products". MyBankTracker. Retrieved 2020-10-15.
- ^ "Our Story". psecu.com. Retrieved 9 February 2021.
- ^ "PSECU named Forbes Best-In-State Credit Union for fourth year." Bradford, Pennsylvania: The Bradford Era, July 7, 2022.
- ^ Druga, Melina. "PSECU President, CEO George Rudolph makes 2022 Banking & Finance Power List." Washington, D.C.: Pennsylvania Business Report, December 30, 2022.
- ^ Guillot, Craig. "How Emotion Drives Customer Loyalty in Banking." Gig Harbor, Washington: The Financial Brand, retrieved online January 8, 2023.