About Us

PA HealthCare Credit Union is a unique, not-for-profit and member-owned, full-service financial institution. Unlike banks that are strictly profit-driven, we return excess earnings to our members in the form of lower interest rates on loans, higher yields on savings and investment accounts, personal and friendly service, and by adding new financial products and services.

Our role is to contribute to the financial success of our members. While we encourage you utilize all of the products and services that your Credit Union has available, we realize that we can’t be everything for everybody. We encourage you to take advantage of other financial resources available to you, such as employer 401k and the like.

PA HealthCare Credit Union is a state chartered credit union that has provided sound financial products and services for its members since incorporation in 1973. The Credit Union began as SVH Credit Union servicing the employees and family members of Sewickley Valley Hospital. We have expanded into the HVHS Credit Union as Sewickley Valley Hospital and The Medical Center at Beaver merged to form the Heritage Valley Health System (HVHS) and affiliated organizations.

Our latest expansion is the result changing our charter to a Trade, Industry and Profession (TIP) charter with a particular emphasis on employees, contractors and the self-employed within the HealthCare Industry. Our service area includes the Pittsburgh Metropolitan Statistical Area (MSA) which includes: Allegheny, Armstrong, Beaver, Butler, Fayette, Washington and Westmoreland counties in Southwestern Pennsylvania.

You can be comfortable knowing that we regularly survey other financial institutions to compare our products, services and rates. This practice ensures that your credit union accounts and services are competitive, as well as a great deal! It’s the credit union comfort factor, and you won’t find that anywhere else!

What's a credit union?

A credit union is a cooperative, not-for-profit financial institution organized to promote thrift and provide credit to members. It is member-owned and controlled through a board of directors elected by the membership. The board serves on a volunteer basis and may hire a management team to run the credit union. The board also establishes and revises policies that sets dividend and loan rates, and directs certain operations. The result: members are provided with a safe, convenient place to save and borrow at reasonable rates at an institution which exists to benefit them, not to make a profit.

Who owns a credit union?

Most financial institutions are owned by stockholders, who own a part of the institution and intend on making money from their investment. A credit union doesn't operate in that manner. Rather, each credit union member owns one "share" of the organization. The user of credit union services is also an owner, and is even entitled to vote on important issues, such as the election of member representatives to serve on the board of directors.

How did credit unions start?

The first credit union cooperatives started in Germany over a century ago. Today, credit unions are found everywhere in the world. The credit union movement started in this country in Manchester, New Hampshire. There, the St. Mary's Cooperative Credit Association, a church-affiliated credit union, opened its doors in 1909. Today, one in every three Americans is a credit union member.

What is the purpose of a credit union?

The primary purpose in furthering their goal of service is to encourage members to save money. Another purpose is to offer loans to members. In fact, credit unions have traditionally made loans to people of ordinary means. Credit unions can charge lower rates for loans (as well as pay higher dividends on savings) because they are nonprofit cooperatives. Rather than paying profits to stockholders, credit unions return earnings to members in the form of dividends or improved services.

Federal credit unions, like ours, are members of a nationwide system which was established by the Federal Credit Union Act of 1934. We are chartered and supervised by the National Credit Union Administration (NCUA). The NCUA also performs annual examinations in order to ensure full compliance with all federal laws and regulations.

As a federal credit union, each members savings is federally insured to at least $250,000.00 and backed by the full faith and credit of the United States Government.