Intro – Public Employees Credit Union Reviews & Ranking
Public Employees Credit Union was recently ranked and reviewed by AdvisoryHQ as a top rated credit union. Firms on our top rated lists were selected after they successfully passed AdvisoryHQ’s ground-breaking four-step banks and credit unions selection methodology.
Click here for a step-by-step breakdown of the methodology and selection process used during our Public Employees Credit Union review: AdvisoryHQ’s Methodology for Selecting Top Banks and Credit Unions.
The Public Employees Credit Union review below provides a detailed review, including some of the factors used by AdvisoryHQ News in its ranking and selection of Public Employees Credit Union.
Public Employees Credit Union Review
Public Employees Credit Union was founded in 1952 by a group of state workers. This locally owned and operated credit union puts its focus on its members. As a non-profit organization, this credit union in Austin, Texas boasts that it doesn’t have to answer to Wall Street like the big name banks. Rather, this homegrown local Austin credit union answers to its owners – its members.
Source: PECU
With assets totaling over $320 million and over 23,000 members, Public Employees Credit Union has set the foundation to continue serving its members for many years to come. With their hometown, friendly approach, and infallible commitment to customer service, this Austin area credit union is a safe place for anyone to place their money.
Key Factors Leading Us to Rank This Firm as One of This Year’s Top Credit Union Firms
Upon completing our review, Public Employees Credit Union was included in AdvisoryHQ’s ranking of this year’s best credit unions based on the following factors.
Public Employees Credit Union Review: Double Insurance
Like all of the credit unions on this list of top credit unions, all funds deposited at Public Employees Credit Union are federally insured by the NCUA up to $250,000. PECU takes this a step further and self-insures its members’ funds up to an additional $250,000.
This additional deposit insurance of $250,000 is offered to PECU members at no additional cost and brings the total amount that each deposit account is insured for up to $500,000.
Public Employees Credit Union Review: Open to the Public
Though originally founded to serve Texas state employees, Public Employees Credit Union has since been opened to the public so that everyone can enjoy the great benefits that they have to offer.
Membership is open to anyone who lives, works, worships, or attends school within 10 miles of any of their Central Texas locations. Family members of PECU members can also join, regardless of where they live. Those who are members of certain Texas associations may also join PECU regardless of where they live.
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Public Employees Credit Union Review: Kids Accounts
Public Employees Credit Union is truly a credit union for the entire family, big and small. Not only does it offer a wide range of accounts for adults, it also offers an exclusive account just for kids.
Their PECU Zoo Crew Kids account is for kids aged 12 and under and is PECU’s way of offering a fun way for families to teach kids about the importance of saving money. This kid-friendly account comes with many perks that kids will love:
- New kids account holders receive a prize pack filled with cool stuff including a free pass to the Austin zoo
- The $5 PECU membership fee is waived
- Requires only a $10 minimum deposit to open
- Earns interest at a higher rate than their regular savings account
- Kids receive a colorful plastic animal every time they deposit at least $10
This exclusive kids program is just one of the many reasons that Public Employees Credit Union is rated as one of the top credit unions.
Public Employees Credit Union Review: E-Loans
Public Employee Credit Union knows that its members are busy and that scheduling time to go into a branch and fill out loads of paperwork to get a loan can be a hassle. With their e-Loan feature, a new loan can be obtained with just a few clicks.
By filling out their loan information online, members can receive a loan decision in as little as a minute – making it a convenient way to do business in today’s hectic world.
In addition to reviewing the above Public Employees Credit Union review, you can click on any of the links below to browse exclusive reviews of AdvisoryHQ’s top credit unions:
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