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

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.

RECENT NEWS

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.

READ MORE

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