PSECU’s NetLoan nets 268,000 Applications
Harrisburg, PA - Ten years ago, PSECU unveiled NetLoan, its Internet-based loan application. Since that time, PSECU has processed over 268,000 loan applications – valued at more than $3.5 billion – through this venue.
“NetLoan allows our members to apply for a loan when they decide the time is right, even if that time is 2:00 a.m. The majority of our members receive a decision within seconds. If a loan does need to be reviewed by PSECU’s Loan Officers, the application is turned around very quickly,” notes Vice President of Credit Services, William Zysk. “NetLoan is the perfect match for our branchless business model.”
NetLoan allows PSECU members to apply for Auto, Visa®, Personal Service, Mortgage, Real Estate Equity, Signature and Business loans. “Our members think of this as their ‘virtual loan officer'," notes Zysk. “They embrace the convenience.”
About PSECU...
PSECU is a not-for-profit financial institution that provides a full array of convenient, electronically delivered services at no or low cost. Chartered in 1933, PSECU is one of the nation’s largest credit unions. It serves more than 334,000 members and has over $2.8 billion in assets. All members of the following groups are eligible to join PSECU: state and local government employees; faculty, staff, students and alumni of the Universities within the Pennsylvania State System of Higher Education and Harrisburg Area Community College; students, faculty and staff of Elizabethtown College; employees eligible for membership in and those receiving a benefit allowance from the Public School Employees’ Retirement System (PSERS) or the State Employees’ Retirement System (SERS); school districts; and members of approved associations and employee/occupational groups. Immediate family of PSECU members may also apply for membership.