Pennsylvania
BENEFITS OF THE PENNSYLVANIA STATE CHARTER (View/download PDF)
REGULATING AGENCY: Pennsylvania Department of Banking & Securities; Division of Credit Union and Trust Supervision
Pennsylvania Capitol Building
- Wendy Spicher, Secretary of Banking and Securities
- Stacey Cameron, Acting Deputy Secretary for Depository Institutions
Website: dobs.pa.gov
ACCREDITED: 2001
LEAGUE: CrossState Credit Union Association
- Patrick Conway, President/CEO
- Website: crossstate.org
PRIVATE SHARE INSURANCE: No
2023 STATS
- Largest SCU: PENNSYLVANIA STATE EMPLOYEES CU $8.23B in assets
- Largest FCU: POLICE & FIRE FCU $8.75B in assets
| Fourth Quarter 2023 | SCUs | FCUs | Total CUs | % of SCUs/Total |
|---|---|---|---|---|
| Total Credit Unions | 40 | 271 | 311 | 12.86% |
| Credit Union Members | 1.19M | 3.74M | 4.93M | 24.08% |
| Credit Union Assets | $18.61B | $55.6B | $74.2B | 25.08% |
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.
RECENT NEWS
Wendy Spicher Unanimously Confirmed as Secretary of the Pennsylvania Department of Banking And Securities
Nov. 3, 2023 – Wendy Spicher was confirmed today by the Pennsylvania Senate as Secretary of the Pennsylvania Department of Banking and Securities (DoBS). She had been nominated for this cabinet-level position by Governor Josh Shapiro on July 7, 2023. In her role, Secretary Spicher provides overall leadership to the Pennsylvania Department of Banking and Securities, which supervises more than 160 Pennsylvania state-chartered banks, credit unions and trust companies; licenses and registers more than 30,000 non-bank financial services licensees; licenses and regulates more than 275,000 investment firms and professionals doing business with Pennsylvania residents; and provides free help to anyone with a question, concern, or complaint about Pennsylvania financial institutions, products, or services. Read more
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