Question 1

What is PMC Federal Credit Union (PMCFCU)?

Accepted Answer

PMC Federal Credit Union (PMCFCU), officially chartered as Pocono Medical Center Federal Credit Union, is a small, healthcare-focused federal credit union serving employees and families of the healthcare community in northeastern Pennsylvania. With approximately $3.5 million in assets and 898 members, this specialized credit union provides personalized financial services to medical professionals and healthcare workers affiliated with Lehigh Valley Hospital-Pocono (formerly Pocono Medical Center).

Operating as a single-branch institution, PMCFCU maintains a community-focused approach with a small staff dedicated to serving its niche membership base.

Question 2

When was PMC Federal Credit Union (PMCFCU) founded?

Accepted Answer

PMC Federal Credit Union was founded in 1973 to serve employees of Pocono Medical Center, now known as Lehigh Valley Hospital-Pocono. The credit union was established under the Federal Credit Union Act with the mission to provide accessible financial services to healthcare workers and their families in the Pocono Mountains region.

The original Pocono Medical Center hospital began as General Hospital in East Stroudsburg in 1915 on Courtland Street before expanding to its current location at 206 E. Brown Street. The credit union was created decades later to support the growing healthcare workforce with cooperative financial services following the "not for profit, not for charity, but for service" motto that guided credit union founders.

Question 3

Where is PMC Federal Credit Union (PMCFCU) headquartered?

Accepted Answer

PMC Federal Credit Union is headquartered in East Stroudsburg, Pennsylvania. The credit union's mailing address is PO Box 1144, East Stroudsburg, PA 18301, and its physical location is at 206 E. Brown Street, East Stroudsburg, PA 18301.

East Stroudsburg is a borough in Monroe County, located in the scenic Pocono Mountains region of northeastern Pennsylvania.

Question 4

Where does PMC Federal Credit Union (PMCFCU) operate?

Accepted Answer

PMC Federal Credit Union operates a single branch location in East Stroudsburg, Pennsylvania. The credit union's field of membership is restricted to healthcare-related individuals, specifically serving employees of Lehigh Valley Hospital-Pocono and their immediate family members.

Current members who no longer work for LVH-Pocono but remain on the hospital's payroll system can continue their membership and restart payroll deductions through the credit union. The institution serves the Monroe County area and surrounding communities in northeastern Pennsylvania.

Question 5

What services does PMC Federal Credit Union (PMCFCU) offer?

Accepted Answer

PMC Federal Credit Union provides a range of traditional financial services to its healthcare-focused membership:

Savings Accounts: Members can pool their savings through share accounts that earn competitive dividends. The credit union operates on the cooperative principle where members save together and lend to each other.

Loans: The credit union offers various lending products including auto loans and personal loans to qualified members. Loan products are designed to meet the financial needs of healthcare workers and their families.

Payroll Deductions: Members employed by Lehigh Valley Hospital-Pocono can arrange convenient payroll deductions for savings and loan payments, making it easier to build savings and manage debt repayment.

Member Services: The credit union provides personalized service through its small staff, offering face-to-face banking during business hours (Monday-Friday, 9:00 AM - 3:30 PM, with a lunch closure from 11:30 AM to 12:15 PM). Members can reach the manager at 570-476-3338 or the teller line at 570-420-2587.

Question 6

What makes PMC Federal Credit Union (PMCFCU) unique?

Accepted Answer

PMC Federal Credit Union's distinctiveness lies in its highly specialized membership serving the healthcare community. As one of the smallest federal credit unions in Pennsylvania, PMCFCU offers an intimate, personalized banking experience that larger institutions cannot match.

Healthcare-Focused Membership: The credit union exclusively serves employees of Lehigh Valley Hospital-Pocono and their families, creating a tight-knit community of members who share common professional backgrounds and financial needs.

Volunteer Leadership: Following traditional credit union principles, PMCFCU is governed by a Board of Directors composed of qualified, unpaid volunteers elected by the membership. These board members work for the members' best interests rather than external shareholders.

Strong Financial Protection: All board members, staff, and credit committee members are bonded by CUNA Mutual Insurance Group and bound by sworn oaths of confidentiality to protect member information. The credit union maintains "Well Capitalized" status according to NCUA standards, with a net worth ratio of 12.56%.

Community Investment: PMC Federal Credit Union demonstrates commitment to future generations through its annual scholarship program, awarding educational scholarships to members and their families—with the 2025 scholarship going to Brielle Davis.

Question 7

What type of financial institution is PMC Federal Credit Union (PMCFCU)?

Accepted Answer

PMC Federal Credit Union is a Federal Credit Union (FCU) chartered under federal law and regulated by the National Credit Union Administration (NCUA). Federal credit unions operate under the Federal Credit Union Act of 1934, which provides the guiding framework for their operations.

As a federal credit union, PMCFCU is a not-for-profit cooperative financial institution owned by its members. The cooperative structure means that members are simultaneously customers and owners, pooling their resources to provide financial services to each other. Each member has equal voting rights regardless of their account balance, embodying the democratic "one member, one vote" principle.

Membership eligibility is determined by a defined field of membership based on employment with Lehigh Valley Hospital-Pocono. All deposits are federally insured up to $250,000 by the NCUA, providing the same level of federal protection as FDIC insurance at banks.

The credit union operates with volunteer leadership through an elected Board of Directors and maintains its commitment to the founding credit union philosophy: "Not for profit, not for charity, but for service."

PMC Federal Credit Union (PMCFCU)

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About PMC Federal Credit Union (PMCFCU) in the United States