Benefits of Banking with PSECU

Benefits of Banking with PSECU

Updated on April 14, 2021

What are you looking for from a financial institution? Perhaps you want a safe place for your emergency fund, are interested in a debit card or checking account, or would like to take out a loan. If you’re considering switching to a new financial institution, check out what we have to offer.

We’re Different Than a Bank

PSECU is a credit union, not a bank. One of the main differences is that credit unions are not-for-profit financial institutions, meaning we aren’t focused on earning big bucks for stockholders. Credit unions work to support the financial well-being of members, who are all part owners of the organization.

Opportunities to Earn More

As a credit union, we’re able to offer our members benefits that banks often can’t. Our surplus earnings are returned to members in the form of benefits such as low- or no-fee products and services.

Other money-saving (and money-earning) benefits including surcharge-free ATMs and ATM rebates1, debit card rewards that allow you to earn $0.10 or $.05 cash rewards on eligible purchases of $10 or over2, and credit card cash rewards that allow you to earn 2%3 or 1.5% cash rewards on every purchase.

In addition, members can get discounts on TurboTax® and receive perks from other brands like Sprint® and SimpliSafe™.

Account Options and Products for Everyone

Young, old, or somewhere in between, we have options available for everyone, including a special Youth Savings Rate for children under age 18, IRAs and certificates for those saving for retirement, and checking and savings shares with no monthly fees.

Commitment to the Community

Our philosophy is that of “people helping people.” We want to help make our communities stronger and give back where we can. Our efforts can be seen through several of the programs and initiatives we host, sponsor, and support throughout the year.

Just one example of this is our annual scholarship program for graduating high school seniors. Since 1997, we’ve provided scholarships to more than 100 students, awarding more than half a million dollars to those furthering their education.

Additionally, we have a variety of tips and tools available for both members and non-members alike through our WalletWorks financial education program, which includes our interactive workshops, presentations, live webinars, Online Learning Center, and blog. We also provide financial calculators and a free credit score service4 for eligible members.

Who Can Join PSECU?

Joining is easier than you think, and chances are, you’re eligible. Once you join, you can remain a member for life and take us with you wherever you go, regardless of where you live, study, or work. Check out the four paths to PSECU membership below – each one leads to the same member benefits you can enjoy for a lifetime:

  • Family or Household Resident: You reside with a PSECU member or your relative is a PSECU member. Qualifying relatives include: adoptive relationships, child or stepchild, grandchild, grandparent, parent or stepparent, sibling or stepsibling, and spouse.
  • Education: You attend, currently work at, or graduated from one of the many Pennsylvania colleges or universities with which we have a relationship.
  • Employee: You’re a Pennsylvania state or local government employee, a municipality or school district employee, or an employee of a company that offers membership as a benefit. More than 1,000 employers across Pennsylvania offer PSECU membership.
  • Pennsylvania Recreation and Park Society Membership: If you don’t meet one of the above criteria, you can join the Pennsylvania Recreation and Park Society (PRPS) through PSECU to become eligible for PSECU membership. PRPS Friend membership is a one-time fee of $20, but PSECU will cover $10 when you open your account online. We’ll also take care of your PRPS membership registration as part of your PSECU membership application.

Take advantage of all we have to offer to take control of your financial future to achieve more. Learn more about who we are and how we give back, then take the next step and join PSECU today.

1If you use a PSECU debit card at an out-of-network ATM and get charged, we’ll rebate fees on withdrawals up to $20 per month with direct deposit, and up to $8 per month without.

2You can earn $0.10 cash rewards on eligible purchases of $10 or over with a PSECU checking account and one or more qualifying monthly direct deposit(s) totaling at least $500. You can earn $0.05 cash rewards on eligible purchases of $10 or over for accounts with a PSECU checking account. Certain restrictions may apply. See the Visa® Debit Card Rewards Program Terms and Conditions for full details.

3You can earn 1.5% cash rewards on purchases. You can earn 2% cash rewards on purchases if you maintain a PSECU checking account and qualifying monthly direct deposit(s) of at least $500. See the Visa® Founder’s Card and Visa® Alumni Rewards Card Rewards Program Terms and Conditions for full details.

4PSECU is not a credit reporting agency. Members must have PSECU checking or a PSECU loan to be eligible for this service. Joint owners are not eligible.

 

The content provided in this publication is for informational purposes only. Nothing stated is to be construed as financial or legal advice. Some products not offered by PSECU. PSECU does not endorse any third parties, including, but not limited to, referenced individuals, companies, organizations, products, blogs, or websites. PSECU does not warrant any advice provided by third parties. PSECU does not guarantee the accuracy or completeness of the information provided by third parties. PSECU recommends that you seek the advice of a qualified financial, tax, legal, or other professional if you have questions.