For Immediate Release
December 12, 2007

CONTACT:
Colleen Greer
Phone: 717-787-6801
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Senate Approves Bill With Piccola Language Moving PSECU Headquarters

HARRISBURG – Under legislation approved by the Senate today, the Pennsylvania State Employees Credit Union (PSECU) is one step closer toward creating and retaining hundreds of jobs while remaining in Dauphin County, according to Senator Jeffrey E. Piccola (R-15).

The Senate passed Senate Bill 648 by a vote of 49-0 which includes language sponsored by Piccola that would transfer land in Susquehanna Township, Dauphin County, to PSECU. The credit union is currently headquartered off North Cameron Street, close to the Harrisburg Area Community College and Pennsylvania Farm Show Complex. The measure now awaits the governor's signature.

"This new site would give PSECU more room for growth in the coming years and at the same time keep a local job creator right here in Dauphin County. This move is a major investment in our area and region," said Piccola. "In addition, once this project moves forward, PSECU's current site is expected to have a bright future."

Piccola also noted that PSECU would be responsible for paying the Commonwealth $2.7 million for the 47 acres. The Pennsylvania Department of General Services would use the sale proceeds for costs incurred with all remaining funds deposited in the Agricultural Farm Operations Account.

"The development of this new site will further expand opportunities in Dauphin County – an area already growing but a community that expects to grow even more in future years," he added.