Welcome to the 3rd Quarter of 2023! And some exciting news await! We are proud to announce our intent to merge with Pasadena Federal Credit Union. Two of Pasadena’s strongest credit unions collaborating together for our community. Read more below!
Intent to Merge with Pasadena FCU
For over 85 years, Pasadena Service Federal Credit Union (PSFCU) has been serving its members and bringing value by offering personalized service, innovative technology, and access to robust products and services to help members achieve their financial goals.
On behalf of the Board of Directors and Leadership Team, we are excited to announce our plans to merge with Pasadena Federal Credit Union (PFCU). Merging with PFCU will allow us to continue acting in the best interest of our members by providing a wider range of products and services, more branches, more value, and more member and community giveback. Additionally, employees will benefit from being part of a larger organization by having access to additional career development opportunities.
While Pasadena Service Federal Credit Union is financially strong and healthy, the Board of Directors decided to explore a strategic partnership of the two credit unions as we look to our next chapter of growth and expansion.
This merger is not a “buy out” or “acquisition.” Both Credit Unions view this merger as a collaborative partnership between two financially strong credit unions committed to their members. The Boards of Directors and leadership of both credit unions recognize they can better serve the memberships of both credit unions together.
The Board of Directors of each credit union has unanimously approved this partnership to create more value on multiple levels for both institutions, who share common roots in the communities in which they were originally founded to serve. Both credit unions are very excited about this merger and the benefits it brings to our members, employees, and our communities.
Each credit union will continue the due diligence process while obtaining regulatory approval from the National Credit Union Administration.
Once we receive regulatory approval, a merger packet and ballot will be mailed to all members in good-standing. A special meeting of the membership will also be called to consider the merger plan and provide an open forum to address questions and comments from the membership.
Your Board of Directors unanimously endorses this merger, and we encourage you to vote in favor when you receive your ballot.
As the merger process continues, we will keep members informed of progress, including sharing important notices, dates, and events. For the most current information and FAQs, please visit this Merger Updates page. You can also email [email protected] if you have any additional questions or concerns, or fill out the form below the merger page.
We look forward to sharing this exciting new chapter with you and appreciate you for being a member of Pasadena Service Federal Credit Union.
Sincerely,
James Chang
President/CEO
Consolidate your debts this summer
Are you tired of juggling multiple debts and struggling to keep track of payments? This summer, we’re here to help you take control of your financial well-being with valuable debt consolidation tips. By combining your debts into a single manageable payment, you can simplify your financial life and pave the way towards a brighter future.
Assess your financial situation
Start by evaluating your current debts and their interest rates. Take note of outstanding balances, payment due dates, and any late fees. This assessment will provide a clear picture of your financial obligations.
Know your options
Explore the various debt consolidation solutions available. myPSFCU offers financial resources and solutions to make your debt and finances more manageable.
- myPSFCU HELOC – 3.99% APR intro rate for first 6 months.
- Cash Out Auto Refinance – Refinance your car loan, get cash out for 5.99% APR.
- Greenpath – Free access to financial resources, education, counseling, and credit and debt management.
Seek professional advice
Reach out to our dedicated team if you find yourself overwhelmed with your finances. We provide expert guidance tailored to your unique situation and help you make informed decisions. Take charge of your financial journey today, and enjoy a stress-free summer filled with financial stability and opportunities!
Our Partners
Bankcard International Group
Bankcard International Group, aka BIG, provides high risk payment processing the way it should be – Dependable, Legitimate, and Service Oriented. B.I.G. was created by a group of like minded individuals who believe that every legal business deserves respectful service and services designed to help them succeed. Our team combined their decades of working in the high risk payment processing industry and have put that valued experience to work for you.
Carscouts
Carscouts will find and negotiate your dream car for you so you make the most of your money. Members can save an average of $3,000 on their purchase and have the vehicle delivered to their home, work, or at myPSFCU!
Update your contact information
For better account security, make sure your contact information is up to date! You can update your contact information by logging in on our online banking or using our mobile app!
Alternatively, you can also send us an email at [email protected], visit our branches, or call us to learn more about other ways to update your contact information.
