Are you looking to join a credit union that offers a great deal of versatility and flexibility for online banking and mobile payments? Look no further than the Pennsylvania State Employees Credit Union (PSECU). PSECU is a credit union that is decades old and still continues to offer banking services in a trustworthy manner. We recommend this credit union, as it also supports businesses. If your business operates in Pennsylvania, you’re probably eligible to join PSECU. So what is PSECU? This article highlights what PSECU is, its branches and locations, and its mobile applications/online banking services.

What Is PSECU?

The Pennsylvania State Employees Credit Union (PSECU) is a not-for-profit credit union that provides a full array of convenient and electronically delivered services at no or low cost. It is one of the largest credit unions in Pennsylvania. The credit union was born in 1934 by 22 state workers who struggled against low wages and a high cost of living.

Since it was during the Great Depression, they lived paycheck to paycheck as banks didn’t want to lend money and loan sharks were charging at a high-interest rate of 40%. Banks viewed them as a credit risk and felt that they had little or no collateral. Many people were struggling with finances, and state workers could barely make ends meet. They had little control over their finances until they formed PSECU.

Since then, the credit union has never looked behind and forged a path of growth to include more groups than just state employees. It has over 430,000 members today and serves each the same way the founders intended.

Mission

The mission is, “To safely and securely provide the best value to our members throughout their lives.”

Vision

The vision is, “Our members will recognize us as their trusted financial partner.”

Values

The credit union ensures that the members recognize it as a trusted partner in serving their financial needs. This is achieved by an unwavering dedication to adhere to ethical standards when conducting business with members, business partners, and employees among other stakeholders. The organization obliges and expects employees and officials to understand and follow their code of ethics policy.

The organization is committed to providing an outstanding service to members and potential members daily. It also incorporates the elements of convenience, reliability, trust, confidentiality, and accessibility to address the needs of their members. It aims to provide services with integrity and trust. PSECU communicates to each member through services, actions, and products that they are valued and that their satisfaction is of importance.

Furthermore, their employees must conduct themselves with integrity while adhering to corporate values and policies. They are exceptionally committed to the organization’s values and core principles.

Banking Services With A Difference

The organization adheres to the philosophy of “people helping people,” which goes beyond offering affordable services and products. This value is perfect for empowering PSECU to support the community and use resources to help the greatest number of businesses, families, and individuals. Just like the founders, whose roots were based on public service, it has replicated this as part of the organization’s culture. The credit union gives back to the community in three main ways:

Accounts And Fees

PSECU offers savings, checking, and Certified of Deposits accounts to the members. The benefits of the checking accounts include free online statements and check images, basic checks with unlimited check writing, free online account access, credit score services, and bill pay services. You don’t need a minimum balance to earn interest and there are no monthly service fees or additional requirements for you to earn dividends. The accounts earn a .10% APY.

For the savings accounts, there is a variety of Money Market and Personal Savings Shares accounts to help members reach financial goals. The basic savings account earns a .5% APY on all balances with no withdrawal penalties.

The Certificate of Deposit is a safe and easy way for the members to invest. The certificates are offered for various rates and terms and require a $500 minimum balance to open and earn dividends and the terms are between 3 months and 60 months. Here are no monthly services fees.The credit union charges $5 per account quarterly to receive paper statements. There is a $2 fee for dormant accounts that have not been used for at least a year. The address change fee is $10 if you move and fail to update your new address.

Branches & Locations

PSECU uses a digital-first model that gives its members 24/7 access through online and mobile banking.  Instead of investing in branches, the organization invests in its members.

All the branches are open from Monday to Friday. You can contact via phone (800) 237-7328 or fax (717) 772-2272. The mailing address is:

PSECUP.O. Box 67013Harrisburg, PA 17106-7013

The following are the branches and branch locations:

Cameron Street Service Center

Tellers can assist members in performing transactions in this branch. The address is:One Innovation WayHarrisburg, PA 17110

The operation hours are:

Strawberry Square Service Center

Members can ask the employees pertaining to the products and services and how to use them in this location. The branch’s address is:502 E. College AvenueState College, PA 16801Phone: 814.237.8550

The operation hours are:

At this branch, there are no teller transactions available.

State College Financial Center

Members can ask the employees pertaining to the products and services and how to use them in this location. The branch’s address is:502 E. College AvenueState College, PA 16801Phone: 814.237.8550

The operation hours are:

At this branch, there are no teller transactions available.

ATM Locations

PSECU offers millions of ATM locations in the US and around the world in a collective network that include many surcharge-free ATMs. This makes it easier for members to manage their money. Making deposits, getting cash, and checking balances can be done easily in the free ATMs. The CO-OP network offers members:

The surcharge-free ATM logos to look for are:

Besides, ATMs in the following locations are surcharge-free

PSECU Mobile App & Online Banking

  Digital Banking

Most of the banking services are available digitally via online banking and mobile applications, which allows PSECU to pass more savings along to members. Besides, this offers members simplicity, convenience, an ease of use, anytime and almost anywhere. Through mobile apps and online banking, you can manage finances seamlessly by:

  How To Enroll In Digital Banking

You can sign up through this link: home bank

Mobile Application

The credit union offers digital banking at the palm of your hand. The applications are convenient and simple to use. You can download the mobile banking application to manage your account on App Store for iOS users and the Play Store for Android users. You can also get the savings application to make saving fun with tools like skip, scratch, and sweep.

You can download the savings app via App Store for iOS users and the Play Store for Android users. You can use Apple Pay®, Google Pay®, Samsung Pay™, or the PSECU Wallet for mobile payments. With just a name and an email address or mobile phone number, it is possible to pay and receive money from anyone in the US anytime.

  Deposits

What options do you have making deposits? The following are the options:

Conclusion

This credit union gives members account access where it is most convenient for them. You can access your accounts through your phone at home or anywhere else. The online banking affords members versatility and flexibility and you can make direct deposits or use the surcharge-free ATMs. The accounts are easily accessible. There are a variety of accounts to choose from – savings, checking, and CD accounts.

The three branches are Cameron Street Service Center, Strawberry Square Service Center, and State College Financial Center. The credit union offers about 30,000 surcharge-free ATMs. Banking and savings apps are downloadable via App Store for iOS users and Play Store for Android users. We hope this article has adequately addressed what PSECU is, its branches and locations, and its mobile applications/online banking services.