PSECU (also known as Pennsylvania State Employees Credit Union) is a state-chartered
credit union
A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit organization, nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including depo ...
headquartered in
Harrisburg, Pennsylvania
Harrisburg is the capital city of the Commonwealth of Pennsylvania, United States, and the county seat of Dauphin County. With a population of 50,135 as of the 2021 census, Harrisburg is the 9th largest city and 15th largest municipality in Pe ...
. PSECU is a not-for-profit financial entity that serves more than 480,000 members and manages over $7.5 billion in assets. Deposits by the members are regulated and insured by
National Credit Union Administration
The National Credit Union Administration (NCUA) is a government-backed insurer of credit unions in the United States, one of two agencies that provide deposit insurance to depositors in U.S. depository institutions, the other being the Federa ...
(NCUA).
History
PSECU 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.
In 2022, PSECU was named as the Best-In-State credit union for the fourth year by ''Forbes''. That same year, PSECU's president and chief executive officer, George Rudolph, was named to the Banking & Finance Power List. 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."
[Guillot, Craig.]
How Emotion Drives Customer Loyalty in Banking
" Gig Harbor, Washington: ''The Financial Brand'', retrieved online January 8, 2023.
See also
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State ECU
State ECU ''(also known as State Employees Credit Union of New Mexico or SECU New Mexico)'' is a federal not-for-profit credit union headquartered in Santa Fe, New Mexico. As of 2019, State ECU has $569 million in assets, over 48,000 members, a ...
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State Employees Credit Union of Maryland
State Employees Credit Union of Maryland (also known as SECU of Maryland or SECU Maryland or SECU MD) is a state-chartered credit union headquartered in Linthicum, Maryland. It is the largest non-profit credit union and it is regulated; under t ...
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State Employees Credit Union (North Carolina)
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S.C. State Credit Union
*
Washington State Employees Credit Union
Washington State Employees Credit Union (WSECU) is an American not-for-profit financial cooperative and the second largest credit union in the state of Washington (state), Washington. Membership is open to those who live, work, or worship in th ...
References
External links
Official website.
{{Authority control
Credit unions based in Pennsylvania
Companies based in Harrisburg, Pennsylvania
Banks established in 1933
1933 establishments in Pennsylvania