PSECU Issues $7.4 Million in Special Year-End Dividends
Harrisburg, PA - "The credit union difference" is alive and well at PSECU, one of the nation's largest credit unions. PSECU recently issued $7.4 million in special year-end dividends to its members. This total represents an increase of $1.6 million over the 2005 special year-end dividend of $5.8 million.
PSECU calculated each individual's dividend amount by taking 5% of dividends earned on shares and the interest paid on loans through November 2006. Members were notified of their year-end reward with letters and e-mails. "This is one of many great examples of how our members reap the rewards of their credit union membership," says Gregory A. Smith, PSECU President. "Being able to return this money to our members shows how seriously we take our stewardship of their credit union."
About PSECU...
PSECU is a full-service, not-for-profit institution that provides convenient, electronically delivered financial services at no or low cost. Chartered in 1933, PSECU is one of the nation's largest credit unions. It serves more than 325,000 members and has over $2.48 billion in assets. All members of the following groups, along with their immediate family, are eligible to join PSECU: state and local government employees; faculty, staff, students and alumni of the Universities within the State System of Higher Education and Harrisburg Area Community College; students, faculty and staff of Elizabethtown College; employees eligible for membership in the Public School Employees' Retirement System (PSERS) or the State Employees' Retirement System (SERS); select school districts; and members of approved associations and employee/occupational groups.