Dec, 31, 2023 — PENNSYLVANIA STATE EMPLOYEES CREDIT UNION (PSECU) is a federally insured state chartered credit union headquartered in HARRISBURG, PA with 25 branch locations and about $8.23 billion in total assets. Opened 91 years ago in 1933, PENNSYLVANIA STATE EMPLOYEES CREDIT UNION (PSECU) has about 591,730 members and employs 865 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PENNSYLVANIA STATE EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 1500 Elmerton Ave HARRISBURG, PA 17110 |
| Phone: | (800) 237-7328 |
| Fax: | |
| Website: | https://www.psecu.com |
| Branches: | 25 branch locations |
| Members: | 591,730 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64131 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1933 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $8,227,773,107 |
| CEO/Manager: | George Rudolph |
| Chairperson: | Shawn Weis |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 424,115,681 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,524,385,940 |
| Unsecured Loans | 1,392,137,394 |
| Other Loans | 2,610,062,931 |
| TOTAL LOANS | 6,526,586,265 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -126,993,538 |
| Land And Building | 58,824,094 |
| Other Fixed Assets | 14,563,378 |
| NCUSIF Deposit | 68,249,293 |
| All Other Assets | 1,588,723 |
| TOTAL ASSETS | 8,227,773,107 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 33,560 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 47,951,513 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,644,646,156 |
| Regular shares | 1,640,621,296 |
| All Other Shares & Deposits | 4,136,769,827 |
| TOTAL SHARES & DEPOSITS | 7,422,037,279 |
| TOTAL LIABILITIES | 7,472,370,868 |
| Regular Reserve | 0 |
| Other Reserves | -63,273,921 |
| Undivided Earnings | 818,676,160 |
| TOTAL EQUITY | 755,402,239 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 8,227,773,107 |
| INCOME & EXPENSE | |
| Loan Income | 349,899,017 |
| Investment Income | 63,666,065 |
| Other Income | 7,229,010 |
| Total Employee Compensation & Benefits | 88,154,809 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 131,265,473 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 133,830,682 |
| Cost of Funds | 129,667,162 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 7,431,555 |
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