Pennsylvania’s largest credit union issues $6 million special reward to thank its members
HARRISBURG, PA (January 3, 2018) — The Board of Directors for PSECU, Pennsylvania’s largest credit union, approved the issuance of a Special Reward to its members at a meeting on November 28. Provided today, the Special Reward, totaling $6 million, serves to celebrate a successful 2017 and show appreciation to the credit union’s members.
“At PSECU, we believe our members’ money should stay where it belongs – with them. That’s why we offer everyday value with things like free checking, surcharge-free ATMs plus rebates, low-rate financing options, and much, much more,” said PSECU President Greg Smith. “To start 2018, more means a Special Reward approved by our Board of Directors.”
Distribution of the Special Reward was based on members’ dividends earned and interest paid. It was deposited into receiving members’ Regular Shares today.
“Every loan that’s taken out with PSECU, every dollar that’s put into one of our savings shares – those are the funds that help the credit union grow. Since we are member-owned, our more than 430,000 members reap the rewards of our money back banking opportunities,” added Smith. “A Special Reward isn’t an annual guarantee, but it is something we try to do to show appreciation to our members whenever possible.”
In addition to the Special Reward, PSECU will continue to provide added value in 2018 by investing in technology resources to better meet members’ needs through new digital banking tools that will equip the credit union to further offer excellent member service. Anticipated improvements for the year include a new online banking feature called Financial Insights that analyzes a member’s personal transaction history to provide information to help him or her better manage their money. PSECU also plans to offer a referral program that will allow members to earn cash for bringing their family, friends, and coworkers to PSECU membership.
About PSECU
Opened in 1934, PSECU was founded by 22 ordinary people who pooled $90 and made an extraordinary commitment to each other: To create a financial institution where collective resources benefit all members. Today, PSECU continues that legacy as Pennsylvania’s digital-first credit union, with $8.5 billion in assets, an economic impact of over $700 million, more than 590,000 members, and a convenient anytime, anywhere banking model. For more information about PSECU, visitpsecu.com. PSECU has been recognized as a Best-In-State Credit Union by Forbes, a Best Credit Union by GOBankingRates, a Best Bank by Money.com, and one of America’s Best Banks by Newsweek. View its Year In Review to learn how PSECU contributes to the greater good.
