PSECU
Not-for-profit financial cooperative
From Wikipedia, the free encyclopedia
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
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]