PSECU: PSL Loan

Personal Service Loan (PSL)

PSECU's Personal Service Loan (PSL) is an unsecured line of credit. Unsecured means collateral is not required. Your credit limit is based on your income, credit history and ability to meet your current credit obligations.

Apply Today

If you are already a PSECU member and would like to apply for a PSECU Personal Service Loan (PSL), you can apply online or contact the PSECU Call Center.

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To apply for a PSECU Personal Service Loan (PSL) by telephone, Click Here!

Using Your PSL

Upon approval and activation of your credit line, you may advance your PSL at any time, as long as your PSECU account is in good standing. Advancing your PSL is borrowing all or any part of the difference between your outstanding loan balance and your credit limit.

For example, assume your credit limit is $5,000. You have an outstanding PSL balance of $2,000. Your balance remaining on your line of credit is $3,000 ($5,000 - $2,000 = $3,000).

If you have a PSECU Visa® Capitol Card®, and a PSL, you have one credit limit shared by both loans. Assume your credit limit is $5,000. You have an outstanding balance of $2,000 on your PSL and $2,000 on your Visa. Your balance remaining on your line of credit is $1,000 ($5,000 - $4,000 = $1,000).

Advancing Your PSL

To make a PSL advance, simply choose one of the following:

Use your PSECU Debit / Check Card to get instant cash, up to $500 on a daily basis;
Call the Self-Service Telephone (SST);
- Use transaction code: 5# to have a check mailed to you
- Or, 83# to have the money transferred into your Checking Shares (S4)
Request an advance or transfer through psecu@home, our online account access program
Contact PSECU to request the advance;
Or send your request through mail:
PSECU, PO Box 67013, Harrisburg, PA 17106-7013

Payments

PSECU offers the convenience of having your PSL payments transferred automatically from your Checking Shares to your loan. Simply make sure the funds is in your Checking Shares the day before you wish the payment transferred. PSECU will take care of of the rest. To take advantage of this payment method, choose the appropriate box on your PSL activation notice.

Credit Life & Disability

You have the option of choosing this valuable coverage - either member-paid Credit Life or Credit Disability - or both!

Credit Life covers the outstanding balance of your loan in the event of death. Credit Disability provides loan protection up to a maximum of $750 a month if you become totally and continuously disabled through sickness or an accident for more than 14 days. Benefits begin on the 15th day.

Form: PSECU #3809 03/04