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 12/2021, Pennsylvania State Employees Credit Union employed 894 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 12/2021, Pennsylvania State Employees Credit Union generated $315.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $245.2m during the year ending 12/2021. While expenses have increased by 5.6% per year over the past 7 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 102 individual grants totaling $1,827,214. 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

2021

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, 2021, THE PENNSYLVANIA STATE EMPLOYEES CREDIT UNION HAD 513,077 MEMBERS TO WHOM IT PROVIDES DEPOSIT AND LOAN SERVICES. THERE WERE 343,973 LOANS WITH BALANCES OF $5,486,852,579 OUTSTANDING AT DECEMBER 31, 2021. SHARE DEPOSITS WERE $7,372,709,087. 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
Former Officer, CEO
$1,000,000
George W Rudolph
CEO
$857,328
Richard L Long
Cio
$351,858
Barbara J Bowker
Chief Member Exp Offc.
$344,519
Thomas J Ruback
COO
$337,253
Carolyn M Noblit
CFO
$325,957

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Auto Approve Llc
Financial Services
$2,913,967
Cu Engage
Consulting Services
$2,234,636
Avtex Solutions Llc
Hardware/software Sv
$826,054
Weltman Weinberg Reis Wwr
Legal/collection Svc
$771,215
Tailwinds Business Ventures Llc
Programming Services
$434,761
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$290,897,678
Investment income $11,894,725
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $9,544
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $315,391,935

Grants Awarded

Over the last fiscal year, Pennsylvania State Employees Credit Union has awarded $283,330 in support to 13 organizations.

Grant RecipientAmount

FEEDING PENNSYLVANIA

Org PageRecipient Profile

Lemoyne, PA

PURPOSE: GENERAL DONATION

$40,000

JUNIOR ACHIEVEMENT OF CE

Org PageRecipient Profile

York, PA

PURPOSE: GENERAL DONATION

$40,000

Middleburg, PA

PURPOSE: GENERAL DONATION

$40,000

AMERICAN HEART ASSOCIATION

Org PageRecipient Profile

Dallas, TX

PURPOSE: GENERAL DONATION

$35,000

CHILDREN'S MIRACLE NETWORK

Org PageRecipient Profile

Salt Lake City, UT

PURPOSE: GENERAL DONATION

$27,000

AMERICAN CANCER SOCIETY

Org PageRecipient Profile

Kennesaw, GA

PURPOSE: GENERAL DONATION

$20,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Pennsylvania State Employees Credit Union has recieved totaling $10,000.

Awarding OrganizationAmount
$10,000
View Grant Recipient Profile

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