REGULATING AGENCY: Pennsylvania Department of Banking & Securities; Division of Credit Union and Trust Supervision
- Richard Vague, Secretary
- Wendy Spicher, Deputy Secretary for Depository Institutions
- Website: dobs.pa.gov
- Credit Unions
LEAGUE: CrossState Credit Union Association
PRIVATE SHARE INSURANCE: No
STATS: (As of Q4 2021)
Total Number of Credit Unions: 340
- TOTAL # SCUs: 46
- TOTAL # FCUs: 294
- SCU % OF TOTAL (SCUS #/STATE TOTAL #): 14%
Total Assets: $67,959,926,444
- TOTAL $ SCU ASSETS: $18,074,431,028
- TOTAL $ FCU ASSETS: $49,885,495,416
- SCU % OF TOTAL ASSETS (SCUS $/STATE TOTAL $): 27%
Total Members: 4,587,387
- TOTAL Members SCUs: 1,092,754
- TOTAL Members FCUs: 3,4946,33
- SCU % OF TOTAL (SCUS/STATE TOAL): 24%
FUN FACT: Pennsylvania’s small town of Indiana is known as the Christmas Tree Capital of the World, a testament to its status as one of the top suppliers of Christmas trees in the country.
Happening in Pennsylvania: CEO of TruMark Financial Credit Union in Pennsylvania to Retire
February 4, 2022 — Rick Stipa, president and CEO of TruMark Financial Credit Union in Fort Washington, Pennsylvania, has announced his plans to retire.
As former NASCUS Credit Union Advisory Council Chair (2018-2020), and an active Council Member, since 2014, the entire NASCUS family would like to thank Rick for his friendship and leadership over his 28+ years of industry service. We are sincerely grateful for our time together and wish him a happy and healthy retirement.
“We’d like to thank Rick for all he has done for our credit union, our members, and our community as CEO. Rick’s been a truly inspirational leader and friend,” Len Doughty, president of the credit union’s board, said in a press release. “We wish Rick and his family all the best for whatever lies ahead.”
TruMark Financial Credit Union went from $670 million of assets at the start of his tenure to nearly $2.8 billion and more than 130,000 members today under Rick’s leadership.
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