Business Details
50+ Years
experience
Your Trusted Partner for Financial Services in Pennsylvania
Established in 1938, PALCO Federal Credit Union has grown from a small employee-based credit union to a community-focused financial institution serving eight Pennsylvania counties. Our history of mergers and expansions, including the 2022 transition to a community charter, reflects our commitment to accessibility and member-driven service. We prioritize financial education, competitive rates, and personalized solutions to meet diverse member needs. Our not-for-profit structure ensures that every decision aligns with member benefits rather than external profits. With physical locations and digital tools like mobile banking, we combine tradition with modern convenience.Our team emphasizes transparency, ethical practices, and community engagement to build lasting trust. Decades of experience and a focus on innovation position us to adapt to evolving financial landscapes while maintaining stability. We offer a full spectrum of services, from savings accounts to mortgages, designed to empower members at every life stage. Our mission remains rooted in the principle of 'members helping members' through tailored financial guidance and support.
Services
Share Savings Account
Freedom Checking
Auto Loans
Mortgage Services
Personal Loans
Line of Credit
Share Secured Loans
Certificate Loans
Youth Savings
Online Banking
Details
- Year established: 1938
Highlights and features
- We are a member-owned, not-for-profit credit union dedicated to our members' financial success.
- Established in 1938, we offer decades of experience serving Pennsylvania communities.
- We provide competitive loan rates and flexible financing options.
- Our community charter allows membership to anyone in our served counties.
- We offer a wide range of financial products and services tailored to meet diverse needs.
Services
Freedom Checking
Freedom Checking eliminates minimum balances, monthly fees, and per-check charges while offering a free check card and surcharge-free ATM access. Members gain unlimited check writing and mobile app features for account management. This service prioritizes financial flexibility for everyday banking needs.
Share Savings Account
Our Share Savings Account requires a $5 minimum balance to access all credit union services. Dividends are earned quarterly based on average daily balances, with special youth accounts available for children under 12. This foundational service supports long-term financial growth.
Auto Loans
Auto Loans offer competitive rates for new and used vehicles, with financing up to 130% of the purchase price. Refinancing options reduce existing high-interest loans, and flexible terms help members achieve vehicle ownership goals through personalized loan officer support.
Mortgage Services
Mortgage Services include fixed-rate, adjustable-rate, FHA/VA, and PFHA options for purchases or refinancing. An automated underwriting system streamlines approvals, and online tools provide rate comparisons, personalized quotes, and pre-approvals for homebuyers.
Personal Line of Credit
The Personal Line of Credit provides up to $10,000 at competitive rates with open-ended borrowing flexibility. Members can access funds repeatedly over time, making it ideal for ongoing expenses like home improvements or debt consolidation.
Questions
Who is eligible to join PALCO Federal Credit Union?
Anyone living, working, worshiping, or studying in Bradford, Columbia, Lycoming, Montour, Northumberland, Sullivan, Tioga, or Union counties qualifies for membership.
What loan options are available for vehicle purchases?
We offer financing up to 130% for new and used vehicles, including cars, trucks, motorcycles, and RVs, with competitive rates and refinancing options.
How can I apply for a mortgage?
Apply online through our Mortgage Center in under 20 minutes, or contact us at (800) 808-2662 for personalized assistance with purchase or refinance loans.
Are there youth savings accounts available?
Yes, children 12 and under can open a Kirby Kangaroo savings account with a $5 minimum deposit to start earning dividends.
What identification is required to open an account?
Valid photo ID (driver's license, passport, etc.) and proof of address (utility bill, etc.) are required for account opening compliance.
