HARRISBURG, Pa. — Recognizing its investment program, the Bank Insurance & Securities Association has awarded PSECU its Award of Excellence for Program of the Year among community-based financial institutions, making it only the third credit union in the award's seven-year history to receive the recognition.
Program of the Year honors are given to a bank or credit union securities, insurance or investment program that exemplifies industry excellence. Awards are given in three categories: large national and regional institutions, regional institutions, and community-based financial institutions. Program superiority is assessed based on productivity, marketing initiatives, integration initiatives, product innovation, technology initiatives, and education or compliance initiatives.
The $2.9 billion PSECU's investment program is managed through CUSO Financial Services, LP, a broker-dealer and registered investment advisory firm. Investment programs at the three credit unions that have won the BISA awards were all managed by CFS.
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