PSECU Celebrates International Credit Union Day
Harrisburg, PA - October 26, 2016 - October 20th was International Credit Union Day, a day to celebrate one of the things that makes credit unions different - their purpose of service. On this day, credit unions across the world performed community outreach and participated in service projects to express their authentic difference.
In addition to their focus on service, credit unions are structurally different from other financial institutions. Credit unions do not answer to corporate stockholders. Instead, because credit unions are not-for-profit financial cooperatives, they are "owned" by their members. Because of this model, our members reap the benefits.
Because we are a financial cooperative, we return much of the money we make to our members. Money is returned in a variety of ways, such as competitive rates and low- or no-fee products and services.
Credit unions support their members by giving back to their local communities. At PSECU, we support a wide variety of community organizations, such as the American Heart Association, the Central Pennsylvania Food Bank, Junior Achievement and Children's Miracle Network. We also value higher education and offer a scholarship competition each year to graduating high school students who are planning to further their education. At the collegiate level, we provide scholarship dollars to participating schools. On college campuses where we have a presence, we can be seen supporting campus events, performing Random Acts of Freeness, and providing free financial education programming on topics relevant to students.
While credit unions are dedicated to their members and communities year-round, International Credit Union Day allowed us to pause specifically to celebrate all the good that credit unions around the world are doing for their members and their communities.
Opened in 1934, PSECU was founded by 22 ordinary people who made an extraordinary commitment to each other: To create a financial institution where pooled resources benefit all members. Today, we are a full-service credit union serving more than 400,000 members and have over $4 billion in assets. As a not-for-profit financial institution, our goal remains to help our members and their families achieve a better life. For more information on how we contribute to the greater good, view our Community Report Card.