PSECU announces new 2020 Board Officers

HARRISBURG, PA (July 28, 2020) — On July 6, PSECU, Pennsylvania’s anytime, anywhere digital credit union, held its 87th Annual Meeting virtually. During a Board of Directors meeting following the Annual Meeting, the Board elected a new slate of 2020 Board officers, effective today:

  • Chair – Michael C. Ferster
  • Vice Chair – Shawn W. Weis
  • Treasurer – Timothy D. Grunstra
  • Secretary/Assistant Treasurer – Matthew B. Wagoner

“The PSECU Board of Directors and its new officers look forward to effectively governing the credit union for the continued benefit of our more than 450,000 member-owners and the communities that we serve,” said PSECU’s new Board Chair Mike Ferster.

The PSECU Board of Directors is committed to ensuring corporate governance that positively affects stewardship, corporate values, and strategic vision. PSECU’s Corporate Governance program consists of five key elements: strong ethics, accountability, communication, risk management, and strategic visioning.

While the credit union typically holds its Annual Meeting earlier in the year, in an effort to help keep employees, members, and the community safe from potential COVID-19 spread and exposure, the meeting was postponed until July 6.  For the same reason, the meeting was held by teleconference rather than in person at the credit union’s Harrisburg-based headquarters facility.

PSECU’s Board of Directors and Associate Directors bring expertise, experience, and strategic thinking as they help guide and shape the future of the credit union.


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 largest credit union, with $8 billion in assets, more than 575,000 members, and a convenient anytime, anywhere digital-first banking model. For more information about PSECU, visit PSECU has been recognized as a Best-In-State Credit Union by Forbes, a Best Credit Union by GOBankingRates, and one of America’s Best Banks by Newsweek. View its Year In Review to learn how PSECU contributes to the greater good.


Kate Moyer
(717) 777-2254

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