National Financial Awareness Day

National Financial Awareness Day is a time to reflect on the importance of financial IQ. Also known as financial literacy, basically it means that you understand money and how it works so you can use it efficiently.

At PSECU, we have always encouraged our members to learn everything they can about money and money management. For example, our Resource Center is filled with tips and tricks that can make your hard-earned money work for you. Our blog posts are for every age and every stage of life, covering topics like the basics of budgeting, understanding credit, tips for saving money, and much more. Plus, we have posts that can help you level up your digital banking game so you’re using all our services like a pro.

On National Financial Awareness Day, we want to remind you what’s available to you as a member of our member-owned credit union. Like credit unions everywhere, we’re fundamentally different from banks because we serve our members, not corporate stockholders. At PSECU, our mission is to provide members with low- or no-fee products and services. Check out the list below to see how we can help you achieve more!

Something for Everyone
From youth accounts to retirement planning services, we truly have what you need no matter where you are in your life journey. With few exceptions our products and services are available to everyone, but we want to call out some that could really benefit certain ages. Let’s take a look.

• Youth accounts and special savings rate. We offer custodial accounts and youth accounts, and both offer a 4.00%¹ Annual Percentage Yield (APY) on savings account balances of up to $500.
  
• Greenlight subscription service. We pick up the subscription for this trusted banking²app and debit card for kids and teens (issued by Community Federal Savings Bank, Member FDIC). With the app, parents have a tool to help kids develop smart money skills in a fun, unique way. That includes an easy way to pay teens for chores! Kids get their own parent-controlled debit card so they can learn how to earn, save, and spend wisely.

• Free checking. We have only one checking program, so free checking is available for anyone. It’s especially great, though, for teens looking for a place to park money they get from birthdays, part-time jobs, or for doing chores. Add a debit card and they learn to spend responsibly.
• Money market accounts. With this type of savings account, you can earn more with dividends³ that grow alongside your balance. Increased earnings can begin with as little as $500 in your account. A money market is perfect for saving up for post-secondary education, vehicle, or any other long-term goal.

Young Adults After High School

• Free credit score service³. A good credit score helps you get lower rates on loans and maybe even insurance. We provide members with a checking account or a loan can enroll in our free credit score service. The primary owner of the account must be 18 years of age or older.
• Secured Visa® Card. Our Secured Visa is a great credit-building tool. There are no application or annual fees. The card is opened using funds you have deposited with us. As you use your card and pay the bill on time each month, you’re building up favorable credit history.

Working Adults

• Certificates. The equivalent of a bank Certificate of Deposit (CD), our certificates have a guaranteed rate of return on balances as low as $500⁴.
• PSECU Financial Services. Available through LPL Financial, LLC⁵, PFS’s staff of financial professionals can help with a variety of financial planning services including retirement income planning, investing, and estate planning. 

These are some highlights of what we have that can help our members achieve more whether they’re just starting out or getting ready to retire. Visit psecu.com to see everything we offer.

¹APY denotes Annual Percentage Yield. To be eligible for the Youth Savings rate, the primary account owner must be under the age of 18. All eligible Youth Savings Share accounts earn 4.00% APY for balances of $.01 to $500.00. For balances of $500.01 and over, the Regular Savings Share APY will apply. Rates and information are subject to change at any time. Fees could reduce earnings on the account(s). The disclosed dividend rates are variable and may change after the member opens the account(s). Find our current dividend rates at psecu.com/rates. PSECU requires a $5 minimum balance to open and maintain a Regular share account. This $5 share account deposit is also required to be eligible to receive the Youth Savings rate, and the member must be in good standing as defined by PSECU's Bylaws, Article II, Section I. PSECU will make a $5 minimum share purchase on behalf of the member.  
²PSECU members are eligible for the Greenlight SELECT plan at no cost when they connect their NCUA-insured PSECU checking account as the Greenlight funding source for the entirety of the promotion. PSECU debit cards are not eligible for this promotion. Subject to minimum balance requirements and identity verification. Upgrades will result in additional fees. Upon termination of promotion, customers will be responsible for associated monthly fees.  See terms for details.  Offer ends 7/30/2025. Offer subject to change and partner participation.    

Greenlight is a financial technology company, not a bank. The Greenlight app facilitates banking services through Community Federal Savings Bank (CFSB), Member FDIC. 

³PSECU is not a credit reporting agency. Members must have PSECU checking or a PSECU loan to be eligible for this service. Joint owners are not eligible.

⁴If your withdrawal plus penalty takes the certificate below the required minimum $500 balance, your certificate will be closed and the penalty will be calculated on the entire balance.
⁵Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker/dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Pennsylvania State Employees Credit Union (PSECU) and PSECU Financial Services (PFS) are not registered as a broker/dealer or investment advisor. Registered representatives of LPL offer products and services using PFS, and are employees of LPL. These products and services are being offered through LPL or its affiliates, which are separate entities from and not affiliates of PSECU or PFS. PSECU has contracted with LPL to make non-deposit investment products and services available to credit union members. Securities and insurance offered through LPL or its affiliates are: 

Financial Advisors are registered to conduct securities business and licensed to conduct insurance business in limited states. Response to, or contact with, residents of other states will be made only upon compliance with applicable licensing and registration requirements. The information in this mailing is for U.S. residents only and does not constitute an offer to sell or a solicitation of an offer to purchase brokerage services to persons outside the United States. 

Your Credit Union (“Financial Institution”) provides referrals to financial professionals of LPL Financial LLC (“LPL”) pursuant to an agreement that allows LPL to pay the Financial Institution for these referrals. This creates an incentive for the Financial Institution to make these referrals, resulting in conflict of interest. The Financial Institution is not a current client of LPL for brokerage or advisory services. 
 
Please visit https://www.lpl.com/disclosures/is-lpl-relationship-disclosure.html for more detailed information.