Once just for state workers, PECU is now open to you! PECU is a not-for-profit cooperative governed by a volunteer Board of Directors that is elected by its members. When you join PECU, you become a member/owner of PECU that has a voice and a vote. Conversely, banks are owned by outside stockholders and controlled by paid Boards that constantly seek to increase profits. This often occurs through more and higher fees, higher loan rates and reduced savings interest rates. PECU has more free services, less fees, and some of the best loan rates in the industry.
PECU is Austin-owned and Austin proud! State workers started PECU in 1952 to better serve the employees of Austin’s state agencies. The number of state agencies has greatly expanded over time, but PECU is still here to serve you. When we served just state workers, we’d often receive requests from the general public to join PECU. In recent years, we opened our membership to anyone who lives, works, worships or attends school within a 10-mile radius of any of our Central Texas branches. We also have a branch in Beaumont. What’s more, you can join PECU no matter where you live if you are a family member of a current PECU member or you have membership in specified Texas associations. Even if you move away from the Austin area, your PECU membership goes with you. With our 24/7 e-Branch, extensive suite of free electronic services and 5,000+ globally shared branches, you can do your PECU business from almost anywhere!
PECU has a conservative advertising budget, but we work diligently to help our community. We sponsor many high school and youth sports teams. We give kids free opportunities to visit the Austin Zoo through our PECU Zoo Crew kids accounts. Our teen accounts feature fun events, contests and activities. Our Double Nickel accounts have special benefits for those 55 years of age or older. Finally, it’s not just an advertising mark, we keep the State of Texas outline that’s located inside our logo close to our heart. We’re here to help you. We hope you’ll join us at PECU.