PSECU explained

PSECU
Pennsylvania State Employees Credit Union
Type:Credit union
Foundation:1934
Location:Harrisburg, Pennsylvania, United States
Key People:George Rudolph
(President and CEO)
Industry:Financial services
Products:Savings
checking; consumer loans; mortgages; credit cards; online banking
Assets: US$7.5 billion (2020)
Num Employees:900
Subsid:PSECU Financial Services

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]

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

External links

Notes and References

  1. Web site: PENNSYLVANIA STATE EMPLOYEES CREDIT UNION - IBANKNET.COM. 2020-10-15. www.ibanknet.com.
  2. Web site: ProPublica. Mike Tigas, Sisi Wei, Ken Schwencke, Brandon Roberts, Alec Glassford. Pennsylvania State Employees Credit Union - Nonprofit Explorer. 2020-10-15. ProPublica. en.
  3. Web site: Largest Credit Unions in the United States . CreditUnionsOnline.com .
  4. Web site: Pennsylvania State Employees Credit Union. October 15, 2020. FICO.
  5. Dagan, David. PSECU plans move to Susquehanna Township. Central Penn Business Journal. 25 Oct. 2007.
  6. Web site: Zhen. Simon. 2020-08-10. PSECU Review: Digital-First Approach, Great Products. 2020-10-15. MyBankTracker. en-US.
  7. Web site: Our Story . psecu.com . 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.