Pennsylvania

REGULATING AGENCY: Pennsylvania Department of Banking & Securities; Division of Credit Union and Trust Supervision

Pennsylvania Capitol Building

  • Richard Vague, Secretary
  • Wendy Spicher, Deputy Secretary for Depository Institutions
  • Website: dobs.pa.gov
  • Credit Unions

ACCREDITED: 2001

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.


RECENT NEWS

PA Financial Institution Associations Applaud Enactment of Banking Fund Legislation

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.

Click on the title to read the full release.


STORY ARCHIVE:
Click here to take a look at the stories that have been collected over the years in Pennsylvania.

What’s new in your state?
Click here to submit your state-chartered credit union news stories to NASCUS today!