Public Service Credit Union is Fort Wayne’s oldest Credit Union, founded in 1932. Public Service Credit Union’s history began with Clarence Hensch. Clarence worked for NIPSCO and started lending money out of his own pocket to fellow employees during the Great Depression. Clarence founded Public Service Credit Union out of his home and the first loan granted by the credit union was for $25 to purchase a cow.
Since then, the credit union has expanded and now anyone who lives or works in Allen county is eligible to become a member. Over the years other credit unions have joined with Public Service Credit Union in an effort to provide competitive products and services as well as great rates and exceptional service to all members. A few of those credit unions include Kunkle, Eckrich, Essex, Indiana Postal, Peoples & Employees, and Pinnacle Credit Union.
Today, Public Service Credit Union has two locations in Fort Wayne, one on Jefferson Blvd across from Jefferson Pointe and the other located on Old Trail Road in Waynedale. PSCU is a full-service financial institution with approximately 5000 members and $65 million in assets. The credit union is a not-for-profit financial co-operative and is owned and operated by its members. Unlike banks whose profits are returned to its stockholders, a credit union’s profits are returned to members through lower interest loans, higher dividends and low-cost services. You can become an equal member/owner of Public Service Credit Union by opening a savings account with just $5. Anyone who lives or works in Allen County is eligible to become a member and experience the credit union difference.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
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