PSECU Announces Upcoming Retirement of President Greg Smith Following Nearly 30 Years of Service

Harrisburg, March 14, 2018 (GLOBE NEWSWIRE) — Today, Pennsylvania’s largest credit union, PSECU, announced the upcoming retirement of its President, Greg Smith, following nearly 30 years of dedicated service. Smith will remain with the credit union through February 2019 before entering into retirement.

“I consider it a personal honor to have been able to serve PSECU’s membership for nearly three decades and do my part to uphold the ‘people helping people’ credit union philosophy, as it is one I believe in fully,” said PSECU Greg Smith. “Following that philosophy – the legacy on which PSECU was founded – over the years, we’ve helped countless people achieve their financial goals. I’m proud to say I contributed to those commendable and extremely worthwhile efforts.”

Smith joined PSECU as its President 27 years ago in March 1991. Since that time, his leadership has led the credit union through a chapter of significant growth.

“When Greg came to PSECU in 1991, we had about 190 employees, 162,000 members, and over $600 million in assets. Since then, we’ve grown into a $5 billion credit union with more than 850 employees and nearly 450,000 members. Now, we are Pennsylvania’s largest credit union both in terms of membership and asset size,” said Joe Sassano, Chair of the PSECU Board of Directors. “On behalf of the credit union – our members, our employees, and our Board – I sincerely thank Greg for all of the contributions he has made to position PSECU for continued growth and success.”

Throughout his over 40-year career, Smith held multiple positions that supported the credit union movement across the nation. Before joining PSECU, Smith worked at WesCorp FCU and Orange County FCU in California, Teachers FCU in Minnesota, and Michigan State University EFCU.

Additionally, Smith has contributed his time and credit union expertise to credit union organizations at the state and national level. Currently, he serves on the Board of Directors of the Credit Union Executives Society and on the Governmental Affairs Committee for the Pennsylvania Credit Union Association.

Preparations are currently underway to identify candidates to fill PSECU’s top executive role next year. The advance notice provided will enable the credit union to select the most qualified candidate to step into the President role and efficiently transition responsibilities in a way that is seamless and undisruptive to the credit union’s operations. 

About PSECU
Opened in 1934, PSECU was founded by 22 ordinary people who made an extraordinary commitment to each other: To create a financial institution where pooled resources benefit all members. Today, we are a full-service credit union serving more than 430,000 members and have over $5 billion in assets. As a not-for-profit financial institution, our goal remains to help our members and their families achieve a better life. For more information about PSECU, visit psecu.com. View our Community Report Card to learn how we contribute to the greater good.

This credit union is federally insured by the National Credit Union Administration.
Equal Opportunity Lender.

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A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/a7e270bb-3f7c-42bc-bb04-1bf534836b18

CONTACT: David James Misner
PSECU
717-777-2169
dmisner@psecu.com