Penn State Federal Credit Union offers a variety of financial products and services, including checking and savings accounts, loans, mortgages, credit cards, and investment options. Members can also take advantage of online and mobile banking, which allows them to manage their accounts from anywhere, at any time. The credit union has several branches and ATMs located throughout the state, making it easy for members to access their accounts and conduct transactions.
Key Takeaways
- Penn State Federal Credit Union is a not-for-profit financial institution that provides a wide range of financial products and services to its members.
- Members can take advantage of online and mobile banking, which allows them to manage their accounts from anywhere, at any time.
- The credit union has several branches and ATMs located throughout the state, making it easy for members to access their accounts and conduct transactions.
History of Penn State Federal Credit Union
Penn State Federal Credit Union was established in 1959 to serve the Penn State community. It was founded by a group of faculty and staff members who were looking for a way to provide low-fee financial services to the Penn State community. Since then, it has grown to become a full-service financial institution with over 14,000 members and more than $180 million in assets.
Over the years, Penn State Federal Credit Union has remained committed to its mission of providing financial services to meet the needs of its members. It has also been dedicated to preserving its members' assets while providing unparalleled customer commitment. As a result, it has become one of the most trusted financial institutions in the region.
In 2017, Penn State Federal Credit Union opened a new branch in State College, PA. This new branch is located in the heart of the Penn State campus and is designed to provide convenient access to financial services for students, faculty, and staff members.
Penn State Federal Credit Union has also been recognized for its commitment to the community. In 2020, it was awarded the Credit Union of the Year award by the Pennsylvania Credit Union Association. This award recognizes credit unions that have made significant contributions to their communities and have demonstrated a commitment to their members' financial well-being.
Overall, Penn State Federal Credit Union has a rich history of serving the Penn State community and providing financial services to meet the needs of its members. With its commitment to customer service, community involvement, and financial stability, it is well-positioned to continue serving the Penn State community for many years to come.
Membership Eligibility
Penn State Federal Credit Union offers membership to a variety of individuals and businesses. To become a member, one must meet certain eligibility criteria. Here are the different groups of people who are eligible for membership:
Penn State Students, Faculty, and Staff
Penn State students, faculty, and staff are eligible for membership at Penn State Federal Credit Union. Once they become members, they can enjoy all the benefits that come with being a member, such as access to low-interest loans, competitive rates on savings accounts, and more.
Family Members of Existing Members
Family members of existing members are also eligible for membership at Penn State Federal Credit Union. This includes spouses, children, siblings, parents, grandparents, and grandchildren.
Local Companies and Organizations
Penn State Federal Credit Union has partnerships with a number of local companies and organizations. Employees of these companies and organizations are eligible for membership. To see if your business is eligible, please call (814) 933-1668 or send an email to partnerships@pennstatefederal.com.
Individuals Who Live, Work, Worship, or Attend School in Certain Areas
Individuals who live, work, worship, or attend school in certain areas are also eligible for membership. These areas include Bellefonte, Centre Hall, Howard, Milesburg, Millheim, Pleasant Gap, Port Matilda, and Zion.
Other Eligibility Criteria
In addition to the above, there are a few other eligibility criteria that one must meet to become a member of Penn State Federal Credit Union. These include:
- Being at least 18 years old
- Having a valid Social Security number
- Providing a valid government-issued ID
- Opening and maintaining a share savings account with a minimum balance of $5
Overall, Penn State Federal Credit Union offers a wide range of membership options to individuals and businesses. By becoming a member, one can enjoy a variety of benefits and services that can help them achieve their financial goals.
Products and Services
Penn State Federal Credit Union offers a wide range of products and services to meet the financial needs of its members. Whether you are looking for a checking account, savings account, loan services, or credit cards, Penn State Federal Credit Union has you covered.
Checking Accounts
Penn State Federal Credit Union offers three different checking account options: Basic Checking, Premier Checking, and eChecking. Basic Checking is a no-frills account that comes with no monthly fees or minimum balance requirements. Premier Checking, on the other hand, offers a higher interest rate and other perks, such as free checks and ATM fee reimbursement. eChecking is an online-only account that comes with no monthly fees and offers a higher interest rate than Basic Checking.
Savings Accounts
Penn State Federal Credit Union offers a variety of savings account options, including Regular Savings, Money Market Savings, and Club Accounts. Regular Savings is a basic savings account that comes with no monthly fees or minimum balance requirements. Money Market Savings offers a higher interest rate than Regular Savings and requires a minimum balance of $2,500. Club Accounts are designed to help members save for specific goals, such as holiday shopping or vacation.
Loan Services
Penn State Federal Credit Union offers a variety of loan services, including personal loans, auto loans, home equity loans, and mortgages. Personal loans can be used for a variety of purposes, such as debt consolidation or home improvements. Auto loans come with competitive rates and flexible terms. Home equity loans allow members to borrow against the equity in their homes, while mortgages are available for both new purchases and refinancing.
Credit Cards
Penn State Federal Credit Union offers a variety of credit card options, including Visa Platinum, Visa Platinum Rewards, and Visa Secured. Visa Platinum offers a low interest rate and no annual fee, while Visa Platinum Rewards offers rewards points for every dollar spent. Visa Secured is designed for members with limited or no credit history.
In summary, Penn State Federal Credit Union offers a wide range of products and services to meet the financial needs of its members, including checking accounts, savings accounts, loan services, and credit cards. With competitive rates and flexible terms, Penn State Federal Credit Union is a great choice for anyone looking for a reliable financial institution.
Online and Mobile Banking
Penn State Federal Credit Union offers its members convenient and secure online and mobile banking services. Members can access their accounts 24/7 from anywhere in the world through a computer or mobile device.
Penny Online
With Penny Online, members can securely manage their accounts, pay bills, transfer funds, and more. The service is free and easy to use, and it provides members with a wide range of features, including:
- View account balances and transaction history
- Transfer funds between accounts
- Pay bills and schedule payments
- View eStatements
- Apply for loans and credit cards
- Send and receive secure messages
To access Penny Online, members need to enroll in the service and create a username and password. Once they have logged in, they can access all of the features and services available.
Penny Mobile
Penn State Federal Credit Union's mobile app, Penny Mobile, allows members to manage their accounts on the go. The app is available for both Android and iOS devices, and it provides members with the following features:
- Check account balances and transaction history
- Transfer funds between accounts
- Deposit checks using Mobile Deposit
- Pay bills and schedule payments
- Apply for loans and credit cards
- Send and receive secure messages
To use Penny Mobile, members need to download the app from the App Store or Google Play and log in using their Penny Online username and password. The app is free to download and use.
Security
Penn State Federal Credit Union takes the security of its members' accounts very seriously. Both Penny Online and Penny Mobile use state-of-the-art security measures to protect members' personal and financial information. These measures include:
- Multi-factor authentication
- Encryption of sensitive data
- Secure login and password requirements
- Monitoring of account activity for suspicious behavior
Members can also take steps to protect their accounts by using strong passwords, keeping their login information confidential, and reporting any suspicious activity to the credit union immediately.
Overall, Penn State Federal Credit Union's online and mobile banking services provide members with a convenient and secure way to manage their accounts from anywhere, at any time.
Branches and ATMs
Penn State Federal Credit Union has three branches across Pennsylvania, offering diverse financial services. Members can access their accounts, apply for loans, and get financial advice from friendly and knowledgeable staff.
Branch Locations and Hours
The credit union has two branches in Bellefonte and University Park and one in State College. Members can visit the Bellefonte Branch at 123 Amberleigh Lane, Bellefonte, PA 16823, from Monday to Friday, 9:00 a.m. until 4:00 p.m. The North Atherton Branch is located at 1937 N Atherton Street, State College, PA 16803, and is open from Monday to Friday, 9:00 a.m. until 4:00 p.m. The University Park Branch is located at 102 Hub Robeson Center, University Park, PA 16802, and is open from Monday to Friday, 8:00 a.m. until 5:00 p.m.
ATM Locations
Penn State Federal Credit Union has several ATMs that members can use to withdraw cash, check balances, and make deposits. Members can access free ATM transactions (withdrawals, balance inquiries, transfers, and deposits) without a PenFed fee. The credit union's ATMs are located at the Bellefonte Branch, North Atherton Branch, and University Park Branch. In addition, members can use over 30,000 surcharge-free ATMs nationwide through the CO-OP Network.
Services
Penn State Federal Credit Union offers a range of financial services to its members, including checking and savings accounts, loans, credit cards, and financial planning. Members can also access online banking services, mobile banking, and e-statements. The credit union's friendly and knowledgeable staff are always available to help members with their financial needs and answer any questions they may have.
Community Involvement
Penn State Federal Credit Union is committed to giving back to the community. The credit union believes that it has a responsibility to support the communities it serves, and it does so through a variety of initiatives.
One of the ways that Penn State Federal Credit Union supports the community is by participating in local charity events. The credit union partners with local organizations to help raise funds and awareness for important causes. For example, Penn State Federal Credit Union has participated in the Centre County United Way's Day of Caring, which is an annual event that brings together volunteers to complete projects for local non-profit organizations.
In addition to participating in local events, Penn State Federal Credit Union also supports the community by providing financial education to its members. The credit union offers workshops and seminars on a variety of financial topics, such as budgeting, saving, and investing. These educational opportunities help members make informed financial decisions and achieve their financial goals.
Penn State Federal Credit Union also supports local schools through its School Spirit Debit Card program. This program allows members to show their support for their favorite local school by choosing a debit card featuring the school's logo. For every purchase made with the card, the credit union donates a portion of the transaction fee to the school.
Overall, Penn State Federal Credit Union is dedicated to making a positive impact in the community. Through its various initiatives, the credit union is able to support local organizations, provide financial education to its members, and help local schools.
How to Join
Becoming a member of Penn State Federal Credit Union is a simple and straightforward process. Here are the steps to follow:
Check eligibility: Before you can join, you need to make sure you are eligible. Membership at Penn State Federal Credit Union is open to anyone who works, lives, worships, or attends school in Centre or Huntingdon County, Pennsylvania. Immediate family members of current members are also eligible.
Gather your information: To join, you will need to provide some basic personal information, such as your name, address, and Social Security number. You will also need to provide information about your current employer or school.
Open an account: To become a member, you will need to open a Regular Share account with a minimum deposit of $5. This account represents your ownership in the credit union and gives you access to all of the products and services offered.
Enjoy the benefits: Once you are a member, you can take advantage of all the benefits that Penn State Federal Credit Union has to offer, including lower loan rates, higher savings rates, and a range of convenient online banking services.
Stay a member: Once you are a member of Penn State Federal Credit Union, you are always a member. As long as you maintain an active account, you can continue to enjoy the benefits of membership for life.
Overall, joining Penn State Federal Credit Union is a smart financial decision that can help you achieve your financial goals. With a wide range of products and services, friendly service, and a commitment to helping members succeed, Penn State Federal Credit Union is a trusted partner for all your banking needs.
Contact Information
Penn State Federal Credit Union offers various ways to get in touch with their team. Whether you have questions about your account, need assistance with a loan or mortgage, or have general inquiries, there are several options available to you.
Phone Numbers
Penn State Federal Credit Union has two phone numbers for members to use depending on their needs. For account problems, questions, and inquiries, members can call the Tellers at 814-865-0384. For loan and Visa credit questions, members can contact the Loan Department at 814-865-7728.
Members can also reach out to Penn State Federal Credit Union via email. For loan and Visa credit questions, members can send an email to the Loan Department at [email protected]. For home buying and mortgage rate inquiries, members can contact the Mortgage Department at [email protected]. Members can also send general inquiries to [email protected].
Locations and Hours
Penn State Federal Credit Union has several locations throughout Pennsylvania. Members can visit any of their branches to speak with a representative in person. To find the nearest location, members can visit their website's Locations, Hours and Closings page. On this page, members can also view the hours of operation for each branch and any upcoming closings.
Online Contact Form
For non-urgent inquiries, members can also fill out an online contact form on Penn State Federal Credit Union's website. The form asks for basic information such as the member's name, email address, and phone number, as well as the reason for their inquiry. Once the form is submitted, a representative will respond as soon as possible.
Frequently Asked Questions
What is the routing number for Penn State Federal Credit Union?
The routing number for Penn State Federal Credit Union is 231385634. This routing number is used for wire transfers, direct deposits, and other electronic transactions.
How do I log in to my Penn State Federal Credit Union account?
To log in to your Penn State Federal Credit Union account, go to the credit union's website and click on the "Login" button in the top right corner. Enter your username and password to access your account.
What is the phone number for Penn State Federal Credit Union?
The phone number for Penn State Federal Credit Union is 814-865-7728. You can use this number to contact the credit union for any questions or concerns you may have.
Where is the address of Penn State Federal Credit Union?
The address of Penn State Federal Credit Union is 1937 N. Atherton St., State College, PA 16803. This is the main branch of the credit union.
What are the locations of Penn State Federal Credit Union?
In addition to the main branch, Penn State Federal Credit Union has several other branches located throughout Pennsylvania. You can find a list of all branch locations on the credit union's website.
What are the current CD rates for Penn State Federal Credit Union?
The current CD rates for Penn State Federal Credit Union vary depending on the term length and amount deposited. You can find the current rates on the credit union's website.
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