Our founders started PSECU in 1934 with a simple idea. By pooling their money and working together, they could provide better lives for their families. More than 80 years later, that idea is still at our core. PSECU was born out of necessity in 1934. Our 22 founders were state workers, struggling against low wages and a high cost of living. They were living paycheck to paycheck. Banks didn’t want to lend them money, and loan sharks were charging as much as 40% interest. They had little control over their financial lives — until they came together to form a credit union. They called it the Pennsylvania State Employees Credit Union, or PSECU. Although we’ve grown to include more groups than state employees and have more than 450,000 members, we continue to uphold our founders’ legacy. Then and now, we want to help you live better, whether that means saving more money, paying down debt, or achieving your family’s goals.