Summer 2023 Newsletter

BRAND NEW DEBIT AND CREDIT CARDS COMING SOON

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Happy Retirement, Jeff!

CEO Jeff Debree, accompanied by his wife Sarah and family (Listed from left to right) Kelly DeBree, Amber, Mike DeBree, Jack DeBree, Mark DeBree and Cassie proudly accepts a lifetime achievement award at the Annual CrossState Credit Union Conference in Hershey, PA, May 2023

We have some bittersweet news to share with you today. After over 19 years of dedicated service, our esteemed President and CEO, Jeff DeBree, has announced his plans to retire on July 28, 2023. Jeff’s visionary leadership, unwavering commitment, and profound knowledge have been instrumental in shaping Penn East Federal Credit Union into the outstanding financial institution it is today.


Under Jeff’s guidance, we have experienced remarkable growth and achieved numerous milestones, all while prioritizing the well-being and satisfaction of our valued members. His tireless efforts have helped us become one of the largest credit unions in the Greater Wyoming Valley, serving over 24,000 individuals and families throughout Northeastern Pennsylvania.


The Board of Directors would like to extend their heartfelt gratitude to Jeff for his outstanding contributions. His passion for service and dedication to our membership has been invaluable, and we are immensely grateful for his unwavering commitment to our credit union. We wish Jeff the very best as he embarks on this new chapter of his life, and we are confident that he will find great success in all his

future endeavors.


As we bid farewell to Jeff, we also look toward the future with optimism and excitement. While Jeff’s departure will leave a void, we are committed to building upon the strong foundation he has laid. We are dedicated to finding a new leader who will continue to prioritize the needs of our members and foster the growth and prosperity of Penn East FCU.

Diaper Drive Results

Thanks to everyone who helped and donated to our 2nd annual Mother’s Day Diaper Drive. We set a small goal of 1,500 diapers, and with everyone’s help, we hit 7,000 diapers, 83 pairs of clothes,15,000 baby wipes, and $600 in cash donations for the Maternal & Family Health Services Nurse-Family Partnership! People helping people is the credit union way!

New Feature: Savings Boost

Make progress toward your financial goals effortlessly. With our Savings Boost program, enrolling is all it takes to start saving. Every time you use your debit card for a purchase, we’ll round up the amount to the nearest dollar and deposit the rounded up amount directly into your chosen PEFCU savings account.


It’s easy. For example, if you spend $3.25 on a cup of coffee, we’ll automatically transfer $0.75 to your designated PEFCU savings account.* Rest assured, if your checking account balance is insufficient to cover the transfer, no money will be deducted.


Start boosting your savings today! Enroll in our Savings Boost program and let your everyday purchases work towards your financial future.


*This is for Savings accounts only. Certificate Accounts are excluded from this program

SUMMER PERSONAL LOAN

AS LOW AS

6.99% APR*

FOR UP TO 12 MONTHS | $5,000 MAXIMUM

Apply online today!

* APR=Annual Percentage Rate. The Annual Percentage Rate is the advertised rate. Rate and loan approval based on creditworthiness. Rate is subject to change without notice. Full details are available at the credit union. Loans are for qualified borrowers and the rate given is based on creditworthiness. Estimated monthly payment of $87.00 per $1,000 borrowed at 6.99% APR for 12 months. Federally insured by the NCUA | Equal Housing Lender

Credit Card: Fee Change

Our Credit Card late fee has dropped from $25 to only $8, bringing you increased affordability and flexibility.

Summer Newsletter PDF