Penn East Federal Credit Union is proud to bring financial literacy education to Wayne County Correctional Facility, reinforcing the credit union philosophy of “People Helping People.” This initiative aims to equip incarcerated individuals with essential financial knowledge, helping them build a stronger foundation for their future.

America’s Credit Unions and CrossState Credit Union Association played key roles in introducing Penn East Federal Credit Union to Wayne County Correctional Facility, recognizing the importance of financial education for all individuals, regardless of their circumstances. Through this collaboration, Penn East is providing an informative sessions that covers vital financial topics, including:

  • Understanding the differences between credit unions and banks.
  • Opening financial accounts and accessing Second Chance Checking accounts.
  • Building savings, understanding different savings accounts, and safe strategies for growing money.
  • Understanding credit scores and steps to rebuild credit.

“At Penn East, we believe in helping others through financial education, regardless of their life circumstances,” said David Saxton, VP of Marketing at PEFCU. “By bringing this program to Wayne County Correctional Facility, we hope to provide individuals with the knowledge they need to take control of their financial future and build a more stable path forward.”

The program underscores Penn East’s dedication to community engagement and financial empowerment.

“Teaching a life skill, such as Basic Banking in prison is crucial because it helps the offenders who are ready to grow and change for the better, get a head start on how to maintain their money when they are employed,” said Jennifer Geyer, Director of Inmate Services at Wayne County Correctional Facility.

This effort highlights the impact of collaboration within the credit union movement and reinforces how credit unions across this country are driving positive change within each community. Penn East Federal Credit Union remains committed to expanding financial literacy efforts, ensuring individuals from all walks of life have access to the knowledge needed to succeed.

About Penn East Federal Credit Union

“Have a positive impact on our members, our community, and each other.” That is the common thread that goes across all of Penn East Federal Credit Union’s endeavors. With over eighty-five years in business and 24,000 members, the community-oriented credit union is a vital part of Northeastern Pennsylvania. Penn East FCU serves Luzerne, Lackawanna, Wayne and Wyoming counties with five branches and a 24/7 digital banking service through their website www.penneastfcu.org and their Penn East Mobile Banking App. Penn East FCU provides trusted financial solutions, integrity, and reliability to its members and community.