Celebrate 80 Years with Pasadena Services Federal Credit Union

It’s not every day that you get to celebrate an 80th birthday. Join Pasadena Services Federal Credit Union on August 30 from 12-1pm, at the Pasadena Headquarters, for a special ribbon cutting ceremony to celebrate the credit union’s commitment to the community.

Since 1936, PSFCU has served the unique banking needs of Pasadena Unified School District and Pasadena City College faculty and staff. The original bank was a cigar box jointly used by teachers to provide small loans.

“Credit unions serve distinct groups – we started as a teacher’s union – and build relationships to better understand our clients,” said CEO Ken Landis.

Over the years, PSFCU has evolved into a community chartered financial institution that services the World Class City of Pasadena and Greater San Gabriel Valley, including Glendale and Vernon. In their 80th year, the PSFCU is expanding its reach to serve more people and continuing to focus on the under banked and underserved. They have credit builder loans to help people regain their financial footing.

“We’re reaching out to new communities and people of modest needs,” said Andy Tien, Vice-president of Marketing.

In 2009, Vernon Commerce Federal Credit Union was acquired and continues to operate as a division of PSFCU. They are focusing on financial education and offer classes for adults, high school students and at Union Station Homeless Services. Tien explains that financial literacy is vital to helping people make sense of their monetary situations and avoid high fees or predatory lenders.

“We want people to know that we’re the better alternative to paying outrageous fees and interest rates. Our loyal members, who have been with us since the beginning, love us because we pride ourselves in providing outstanding, personal banking service.” said Tien.

As a not-for-profit financial cooperative, PSFCU does not issue stock or pay dividends to outside stockholders. Instead, earnings are returned to members in the form of lower loan rates, higher interest on deposits, and lower fees.

Celebrate 80 years with PSFCU and get your bank account in shape. If you’d like to attend the ribbon cutting ceremony, please RSVP by calling (626) 594-5231.

You can visit PSFCU’s offices at 670 N. Rosemead Blvd Pasadena or their Vernon branch at 2529 S. Santa Fe Ave. Vernon, CA 90058. Call (877) 297-4707 or visit their website http://www.mypsfcu.org. You can also stay in touch with them on Facebook: http://bit.ly/2br7rMj, Twitter: @PasadenaServFCU, and Yelp: https://www.yelp.com/biz/pasadena-service-federal-credit-union-pasadena