Pennsylvania State Employees CU (64131), a $9.0B credit union headquartered in Harrisburg, PA, led by CEO Rudolph, reported $8.0B in member deposits at the end of 2025 Q3, an increase of $336.5M (+4.4%) compared to the same quarter last year.
The credit union's 85.3% loan-to-share ratio indicates strong loan demand relative to deposits, which may require attention to deposit pricing and liquidity management.
At a high level: balance sheet is loan-heavy, constraining future optionality.
Deposit Composition
Pennsylvania State Employees CU's deposit portfolio is led by Money Market, comprising 27.4% of total deposits—higher-yield accounts with selective transactions.
Deposit Portfolio Breakdown
| Deposit Type | Balance | % of Total | YoY Growth |
|---|---|---|---|
| Money Market | $2.2B | 27.4% | +16.8% |
| Share Certificates | $2.1B | 26.1% | +1.1% |
| Regular Shares | $1.6B | 20.2% | -0.8% |
| Share Drafts | $1.6B | 20.0% | +1.1% |
| IRA/KEOGH | $497.1M | 6.2% | -1.0% |
| Other Shares | $9.6M | 0.1% | +6.1% |
Source: NCUA 5300 Call Reports (2025_Q3)
Quarterly Deposit Trends
Moderate deposit growth suggests stable member relationships balanced with competitive pricing pressures.
Quarterly Trend
| Period | Total Deposits | QoQ Change | Avg/Member |
|---|---|---|---|
| 2024 Q2 | $7.7B | $13K | |
| 2024 Q3 | $7.6B | -0.6% | $13K |
| 2024 Q4 | $7.8B | +2.2% | $13K |
| 2025 Q1 | $8.1B | +3.6% | $14K |
| 2025 Q2 | $8.0B | -0.6% | $14K |
| 2025 Q3 | $8.0B | -0.8% | $14K |
Source: NCUA 5300 Call Reports
Member Deposit Metrics
Pennsylvania State Employees CU serves 563,709 members, a decrease of 5.1% year-over-year. The average member deposit of $14K has grown 10.0% compared to last year.
Deposit growth exceeding member growth suggests existing members are increasing their balances, a sign of deepening relationships.
Historical Context: Since the 2008 Crisis
Pennsylvania State Employees CU's deposit base has grown 173% since Q3 2008, when the financial crisis was at its peak. At that time, the credit union held $2.9B in member deposits serving 347,828 members.
Membership has expanded 62% over this period, demonstrating strong community trust and successful member acquisition.
Peer Comparison
Among 86 credit unions in its $4.5B–$13.5B asset peer group, Pennsylvania State Employees CU ranks in the 37th percentile for deposit growth.
Outlook
Pennsylvania State Employees CU's deposit trajectory will depend on rate competitiveness, member retention efforts, and the broader economic environment affecting member savings behavior.
Pennsylvania State Employees CU's Q4 2025 results, expected in early 2026, will provide further insight into whether this deposit growth trajectory can be sustained.
Track This Credit Union
Monitor Pennsylvania State Employees CU's quarterly deposit performance, member metrics, and share composition with Finleet Terminal.
Data Sources: NCUA 5300 Call Reports (2025_Q3), NCUA Historical Data (2007-present), Finleet Proprietary Analysis
Methodology: Year-over-year growth calculated comparing 2025_Q3 to same quarter prior year. Peer groups defined as credit unions within 50% asset range. Average deposit calculated as total shares and deposits divided by total members.