Student Federal Credit Union at the University of Pennsylvania
BankingPennsylvania, United States11-50 Employees
The Student Federal Credit Union at the University of Pennsylvania is an independent, nonprofit financial institution operated by Penn students as volunteers, and it is not part of or sponsored by the university. Founded in 1987 by three Wharton MBA students, it stands as the Ivy League’s first and only credit union and is one of only two student‑run credit unions in the United States. It serves University of Pennsylvania students, alumni, and their immediate families, and maintains an on‑campus office with two ATMs, plus access to a broad network of surcharge‑free ATMs across Philadelphia and the United States. The credit union offers terms that have historically been more favorable than leading competitors, with dividend rates exceeding those of rivals and fees lower than typical banks. It is fully backed by the National Credit Union Administration, with member accounts insured up to $250,000, and operates independently from the university. In 2019, Kuran Malhotra was appointed CEO, marking a notable leadership update for the organization.
1-888-653-2347 
support@leadiq.com 
