Business Details
39 Years
experience
Student Banking Services in Philadelphia
Since 1987, we have provided student-first banking services tailored to the unique needs of University of Pennsylvania students and international members. As the first and only student-run credit union in the Ivy League, our 37+ years of service combine hands-on financial education with practical banking solutions. Our team of 65+ student employees delivers lower fees, rates up to 4x below market averages, and specialized programs like our Credit Builder initiative.We offer surcharge-free ATM access across campus and online banking platforms for 24/7 account management. Federally insured by NCUSIF, we maintain strict compliance with financial regulations while prioritizing member financial independence through exclusive local partnerships and personalized support.
Services
Checking Accounts
Personal Loans
Auto Loans
Student Loans
Credit Builders
Money Market Accounts
Direct Deposit
Wire Transfers
Online Banking
ATM Access
Details
- Year established: 1987
Highlights and features
- We offer rates up to 4x lower than other campus banking options
- Our Credit Builder program helps enhance credit scores through timely payments
- Tailored loan options for international students without requiring a social security number
- Free and unlimited incoming international wires
- Student-run institution with over 37 years of service
Services
Checking Accounts
Our comprehensive checking accounts provide students with essential banking tools including fee safety nets and free credit builder programs. Designed for easy financial management, these accounts offer quick access to funds through surcharge-free ATMs and online banking platforms. Members benefit from lower fees and specialized support for managing their first bank accounts.
Credit Builders
This program helps members establish and improve credit scores through structured loan payments guaranteed by SFCU. Designed for students with limited credit history, it combines financial education with practical credit-building opportunities. The program ensures timely reporting to credit bureaus while maintaining low-risk parameters for account holders.
Student Loans
Tailored loan options specifically designed for international and domestic students without requiring social security numbers. These flexible financing solutions include competitive rates and repayment terms aligned with academic timelines. The program supports educational expenses while providing financial literacy resources throughout the loan lifecycle.
Money Market Accounts
High-yield savings solutions offering better returns than traditional savings accounts with limited transaction privileges. These accounts provide liquidity while maintaining competitive interest rates that grow with member balances. Designed to help students build emergency funds and long-term savings.
Online Banking
24/7 digital access to account management tools including transfers, bill payments, and transaction monitoring. The platform supports real-time balance tracking and secure messaging with student advisors. Mobile optimization ensures convenient banking from any location while maintaining strict security protocols.
Questions
How do I join Student Federal Credit Union?
Visit our office at 3401 Walnut Street or apply online. Bring your Penn ID and complete our membership form to start banking with us.
What makes your credit builder program unique?
Our program combines secured loans with guaranteed approval and automatic credit reporting, specifically designed for students building initial credit histories.
Do you offer services for international students?
Yes! We provide accounts without SSN requirements, free international wires, and student loans tailored to international members' needs.
Are my deposits insured?
All deposits are federally insured up to $250,000 by the National Credit Union Share Insurance Fund (NCUSIF), backed by the U.S. government.
What banking hours do you offer?
We operate Monday-Friday 10am-5pm with online banking available 24/7. Our office is located in the Franklin Building on campus.
