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PSECU to reward members for second consecutive year

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The Pennsylvania State Employees Credit Union announced this week it will offer a piece of a $10 million “Relationship Reward” program to its members for the second year in a row.

The reward is the equivalent of a dividend for members, like the dividend a publicly traded company would give to its shareholders.

“We’re extremely pleased to be issuing the Relationship Reward for the second year in a row,” PSECU President Gregory A. Smith said. “Thanks to our members, we’re as strong as ever and as a member-owned financial cooperative, it’s only right that we give back to them.”

The reward amount varies by member and depends on which of the credit union’s services a member uses.

Members who use PSECU’s financial planning services can receive $25, and members who use one of the credit union’s Visa credit cards are eligible for $10 in rewards.

Members can receive $5 for using each of the credit union’s service options: direct deposit, online or mobile banking, or e-statements.

There is also a calculation formula for total dividends earned and interest paid during 2013, with that amount multiplied by 4.113 percent.

Reward amounts and qualifications are identical for a business account.

Only members who qualify for at least $10 worth of rewards will receive it, according to PSECU.

Members can see their reward amounts through their online or mobile banking accounts or by calling 800-237-7328.

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