Pennsylvania State Employees Credit Union

Organization Overview

Pennsylvania State Employees Credit Union is located in Harrisburg, PA. The organization was established in 1945. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2019, Pennsylvania State Employees Credit Union employed 1,174 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Pennsylvania State Employees Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2019, Pennsylvania State Employees Credit Union generated $297.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $245.7m during the year ending 12/2019. While expenses have increased by 7.9% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Pennsylvania State Employees Credit Union has awarded 75 individual grants totaling $1,242,384. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O

Describe the Organization's Program Activity:

Part 3 - Line 4a

AS OF DECEMBER 31, 2019, THE PENNSYLVANIA STATE EMPLOYEES CREDIT UNION HAD 472,601 MEMBERS TO WHOM IT PROVIDES DEPOSIT AND LOAN SERVICES. THERE WERE 316,662 LOANS WITH BALANCES OF $4,618,291,414 OUTSTANDING AT DECEMBER 31, 2019. SHARE DEPOSITS WERE $5,602,608,308. PSECU STRIVES TO PROVIDE ITS MEMBERS WITH HIGH QUALITY, CONVENIENT FINANCIAL PRODUCTS AND SERVICES WITH SUPERIOR PRICING.


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Board, Officers & Key Employees

Name (title)Compensation
Gregory A Smith
CEO Until 4/1/19
$679,056
George Rudolph
CEO
$483,450
Richard L Long
VP
$358,086
Thomas J Ruback
COO
$357,605
Barbara J Bowker
VP
$355,716
William C Zysk
Cco
$355,202

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Mcnees Wallace Nurick
Legal Services
$831,285
Weltman Weinberg Reis
Legal/collection Svc
$759,066
Allied Universalallied Barton
Security Services
$341,938
G4s Secure Integration Llc
Security Services
$195,770
Rsm Us Llp
Audit Services
$192,810
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$268,108,798
Investment income $21,055,788
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$7,124
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $297,565,388

Grants Awarded

Over the last fiscal year, Pennsylvania State Employees Credit Union has awarded $265,225 in support to 14 organizations.

Grant RecipientAmount

AMERICAN HEART ASSOCIATION

Org PageRecipient Profile

Dallas, TX

PURPOSE: GENERAL DONATION

$60,000

CENTRAL PA FOOD BANK

Org PageRecipient Profile

Harrisburg, PA

PURPOSE: GENERAL DONATION

$30,000

THE FOUNDATION FOR ENHANCING COMMUNITIES

Org PageRecipient Profile

Harrisburg, PA

PURPOSE: GENERAL DONATION

$20,125

CHILDREN'S MIRACLE NETWORK

Org PageRecipient Profile

Salt Lake City, UT

PURPOSE: GENERAL DONATION

$20,000

AMERICAN CANCER SOCIETY

Org PageRecipient Profile

Atlanta, GA

PURPOSE: GENERAL SUPPORT

$20,000

WORLDWIDE FOUNDATION FOR CREDIT UNIONS

Org PageRecipient Profile

Madison, WI

PURPOSE: GENERAL DONATION

$20,000
View Grant Profile

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