Money.com, an online financial magazine, recently named PSECU to its list of Best Banks 2023-2024. PSECU was included as one of only five financial institutions from the Northeast United States and was specifically called out for having the “best fees” in that region which includes New York, New Jersey, Massachusetts, Connecticut, Pennsylvania, New Hampshire, Vermont, Maine, and Rhode Island. 

PSECU was identified for having the fewest service charges, as well as no monthly fees, no insufficient funds fee, no incoming wire transfer fees, and “lower than usual” outgoing wire fees. Money.com also called out PSECU’s interest rates on products like checking and savings account options. 

“As a not-for-profit financial cooperative, we are dedicated to providing superior financial value to our members in the form of low- and no-fee services and offering competitive interest rates on loans and savings products,” said George Rudolph, PSECU President & CEO. “While these have long been our practices, it’s great to be recognized at a national level for our commitment to our members’ financial well-being.” 

According to Money.com, Money staff evaluated 293 of the largest retail banks, credit unions, regional and state banks, ranked by assets, and 20 of the most popular online banks. They then compared opening balance requirements, interest paid, fees and features to determine their top picks. The full methodology for their evaluation can be found here.