PSCU Adjusts to the Economy

Livermore Branch

Livermore Branch

Pacific Service Credit Union is exceptionally well-prepared for today’s unstable economy and we continue to conduct business as usual. We are among the strongest financial institutions in the nation with nearly twice the level of capital needed to be considered safe by our regulator and key rating agencies, such as Bauer Financial.


Today’s marketplace is rapidly changing and we have responded by taking actions to reduce our exposure to the economy. Over many years of successful operations we have prepared for this “rainy day.” This year, we are forecasting a return to positive earnings. Capital reserves are up over 11% which is rare in today’s economy and a solid indicator of our conservative business practices and financial strength.


The board and management are pleased to report that we continue to pay competitive deposit rates, charge lower fees than most other institutions, and continue to offer low loan rates. The economy will not adversely affect the quality of our products, dilute our long-standing value proposition, or interrupt our outstanding service to members. With your continued support, PSCU will emerge from this recession as we entered it – a financially solid and member focused organization eager to serve your financial needs. I thank you for your business.

1 comment on this post.
  1. Gary Gallagher:

    Let me be the first to congratulate you on your new website and blog! Great idea, and making yourself accessible in this public manner is reassuring I’m sure to other members as well as to me. Keep the money safe, the rates competitive, and most importantly the service standard as high as always, and success is guaranteed. Happy New Year!

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