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
STATS: (As of Dec 2020)
- TOTAL # SCUs: 50
- TOTAL # FCUs: 299
- SCU % OF TOTAL (SCUS #/STATE TOTAL #): 14% of 349 PA CUs
- TOTAL $ SCU ASSETS: $17,113,755,295
- TOTAL $ FCU ASSETS: $44,932,918,139
- TOTAL ASSETS: $62,046,673,434
- SCU % OF TOTAL ASSETS (SCUS $/STATE TOTAL $): 28%
FUN FACT: In 1885, vowing not to lose another patient to pneumonia, Dr. George Holtzapple successfully created the first application of oxygen, thus saving his patient’s life and winning international fame through his discovery.
June 30, 2021 – The Pennsylvania Bankers Association (PA Bankers), CrossState Credit Union Association (CrossState) and the Pennsylvania Association of Community Bankers (PACB) applaud Governor Tom Wolf for signing HB 859, introduced by Rep. Delozier (R-Cumberland) into law as Act 39 of 2021. This law – a joint effort between PA Bankers, CrossState, PACB and the PA Department of Banking and Securities (DoBS) – strengthens the state charter and provides for consistent safety and soundness of the banking industry.
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