PSECU named a Best Bank by Money.com
HARRISBURG, PA (February 9, 2024) — Money.com, an online financial magazine, recently named PSECU to its list of Best Banks 2023-2024. PSECU was included as one of only five financial institutions from the Northeast United States and was specifically called out for having the “best fees” in that region which includes New York, New Jersey, Massachusetts, Connecticut, Pennsylvania, New Hampshire, Vermont, Maine, and Rhode Island.
PSECU was identified for having the fewest service charges, as well as no monthly fees, no insufficient funds fee, no incoming wire transfer fees, and “lower than usual” outgoing wire fees. Money.com also called out PSECU’s interest rates on products like checking and savings account options.
“As a not-for-profit financial cooperative, we are dedicated to providing superior financial value to our members in the form of low- and no-fee services and offering competitive interest rates on loans and savings products,” said George Rudolph, PSECU President & CEO. “While these have long been our practices, it’s great to be recognized at a national level for our commitment to our members’ financial well-being.
According to Money.com, Money staff evaluated 293 of the largest retail banks, credit unions, regional and state banks, ranked by assets, and 20 of the most popular online banks. They then compared opening balance requirements, interest paid, fees and features to determine their top picks. The full methodology for their evaluation can be found here.
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 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, visit psecu.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.
