PSECU

Last updated
PSECU
Pennsylvania State Employees Credit Union
Company type Credit union
Industry Financial services
Founded1934
Headquarters Harrisburg, Pennsylvania, United States
Key people
George Rudolph
(President and CEO)
Products Savings; checking; consumer loans; mortgages; credit cards; online banking
Total assets Increase2.svg US$7.5 billion (2020)
Number of employees
900
Subsidiaries PSECU Financial Services
Website www.psecu.com
PSECU headquarters in Harrisburg, Pennsylvania PSECU Headquarters.jpg
PSECU headquarters in Harrisburg, Pennsylvania

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]

Contents

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. [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

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.{{cite web}}: CS1 maint: multiple names: authors list (link)
  3. ↑ "Largest Credit Unions in the United States". CreditUnionsOnline.com.
  4. ↑ "Pennsylvania State Employees Credit Union" (PDF). FICO . Retrieved October 15, 2020.
  5. ↑ Dagan, David. PSECU plans move to Susquehanna Township. Central Penn Business Journal. 25 Oct. 2007.
  6. ↑ Zhen, Simon (2020-08-10). "PSECU Review: Digital-First Approach, Great Products". MyBankTracker. Retrieved 2020-10-15.
  7. ↑ "Our Story". psecu.com. Retrieved 9 February 2021.
  8. ↑ "PSECU named Forbes Best-In-State Credit Union for fourth year." Bradford, Pennsylvania: The Bradford Era, July 7, 2022.
  9. ↑ Druga, Melina. "PSECU President, CEO George Rudolph makes 2022 Banking & Finance Power List." Washington, D.C.: Pennsylvania Business Report, December 30, 2022.
  10. ↑ Guillot, Craig. "How Emotion Drives Customer Loyalty in Banking." Gig Harbor, Washington: The Financial Brand, retrieved online January 8, 2023.
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