Question 1

What is McKeesport Area Public School Employees Federal Credit Union?

Accepted Answer

McKeesport Area Public School Employees Federal Credit Union is a small, community-focused federal credit union serving employees of the McKeesport Area School District and their families. Located in McKeesport, Pennsylvania, the credit union operates with approximately $4 million in assets and serves over 540 members.

As a specialized education sector credit union, it provides tailored financial services to teachers, administrators, support staff, and other school district employees. The credit union maintains a strong financial position with a net worth ratio of 26.21% and a healthy return on average assets of 2.13%.

Question 2

When was McKeesport Area Public School Employees Federal Credit Union founded?

Accepted Answer

The credit union was established under federal charter number 2003, though the exact founding date is not publicly available. Like many school employee credit unions, it was likely formed to provide accessible financial services and promote savings among McKeesport Area School District staff members.

The credit union was created to serve the specific needs of the educational community in McKeesport, offering an alternative to traditional banking with a member-owned cooperative structure.

Question 3

Where is McKeesport Area Public School Employees Federal Credit Union headquartered?

Accepted Answer

The credit union is headquartered at 3590 Oneil Boulevard in McKeesport, Pennsylvania, 15132. Some records also show an address at 2225 5th Avenue in McKeesport, which may serve as a branch or alternate location within the school district facilities.

Question 4

Where does McKeesport Area Public School Employees Federal Credit Union operate?

Accepted Answer

The credit union operates in McKeesport, Pennsylvania, serving employees of the McKeesport Area School District throughout Allegheny County. Membership is restricted to school district employees, their immediate family members, and household members.

The McKeesport Area School District serves the communities of McKeesport, White Oak, Versailles, and surrounding areas in the Mon Valley region of southwestern Pennsylvania.

Question 5

What services does McKeesport Area Public School Employees Federal Credit Union offer?

Accepted Answer

The credit union provides core financial services including share savings accounts, checking accounts, and various loan products. With over $3.4 million in total loans outstanding, the credit union actively supports member borrowing needs with a loan-to-share ratio of approximately 117%.

Typical services for school employee credit unions include personal loans, auto loans, and savings programs. Members can access their accounts and conduct basic banking transactions. The credit union's website is linked through the school district's main website at www.mckasd.net.

Question 6

What makes McKeesport Area Public School Employees Federal Credit Union unique?

Accepted Answer

The credit union's defining characteristic is its exclusive focus on serving the McKeesport Area School District community. This specialization allows the credit union to understand the unique financial needs of educators and school employees, including seasonal income patterns and education-related expenses.

With only 542 members, the credit union maintains an intimate, personalized service model where staff know members by name. Despite its small size, the credit union has demonstrated financial stability with 4.12% loan growth and strong capital ratios. The credit union earned Low-Income Designation status from the NCUA, reflecting its commitment to serving economically underserved communities in the McKeesport area.

Question 7

What type of financial institution is McKeesport Area Public School Employees Federal Credit Union?

Accepted Answer

McKeesport Area Public School Employees Federal Credit Union is a federally chartered credit union regulated by the National Credit Union Administration (NCUA). It operates under the NCUA Region 1 jurisdiction.

As a federal credit union, it is a not-for-profit cooperative financial institution owned by its members. Membership is restricted to employees of the McKeesport Area School District, their family members, and individuals living in the same household as a member. This common bond structure ensures that the credit union serves a defined community with shared interests and needs.

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