Our Story

It’s always been about living a better life 

Our founders started PSECU in 1934 with a simple idea. By pooling their money and working together, they could provide better lives for their families. More than 80 years later, that idea is still at our core.

PSECU was born out of necessity in 1934. Our 22 founders were state workers, struggling against low wages and a high cost of living. They were living paycheck to paycheck. Banks didn’t want to lend them money, and loan sharks were charging as much as 40 percent interest.

They had little control over their financial lives — until they came together to form a credit union. They called it the Pennsylvania State Employees Credit Union, or PSECU.

Although we have grown to include more groups than state employees and more than 450,000 members, we still serve each member in the same way our original founders intended. Our focus hasn’t changed – we want to help you live better, whether that means saving more money, paying down debt, or achieving your family’s goals.

Banking on a Difference
A credit union is a not-for-profit financial cooperative established by members, for members. At the core of all credit unions is the philosophy of “people helping people,” a principle we have believed in since our founders came together in 1934. When you join us, you become a part of an organization formed around your best interests. That was true in 1934, and it’s still true today.

Our commitment to Banking on a Difference shows through our support for community and educational initiatives. We’re proud to support charitable organizations that empower those in the community where we live, work, and play. We also live out our mission by offering financial education to help more people become financially empowered. See our Community Report Card for all the ways we give back to the communities we serve.

The Next Generation of Our Story
We continue to evolve with each new decade. We were ahead of the curve with our online banking services, and digital-first continues to be our approach. Instead of investing in branches on every corner, we’ve invested in our members. Through our digital-first model, our members enjoy banking where it is convenient for them – right in the palm of their hand. This efficient structure allows us to stay true to our founders by offering benefits like free checking and low rates.

We’re proud to have grown from these humble roots to become Pennsylvania’s largest credit union, while keeping the same vision since the beginning. If you’re already a member, we’re glad you’re here. If you are considering joining, we welcome you to be part of our story.

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