PCUA celebrates 80 years of serving CUs, members

December 8, 2014

HARRISBURG, Pa. (12/9/14)--The Pennsylvania Credit Union Association (PCUA) celebrated its 80th anniversary Monday.

Click to view larger imageFormer U.S. Rep. Paul Kanjorski (D), right, with former Pennsylvania Credit Union Association President/CEO Jim McCormack at a H.R. 1151 rally in 1998. Kanjorski was a longtime supporter of credit unions. (Pennsylvania Credit Union Association Photo)

On Dec. 8, 1934, 14 Keystone State credit union leaders, with assistance from Roy Bergengren and other national leaders from the Credit Union National Association, founded the Pennsylvania Credit Union Association in the wake of 1933 passage of the State Credit Union Act (Life is a Highway Dec. 8). The league's first chairman was H. Andrew Hanemann, treasurer of Pennsylvania State Employees CU, Harrisburg.

In 1933, Pennsylvania was the second-most populous state in the union and was an integral part of CUNA's strategy to create a nationwide league system. Nationally, there were more than 2,500 credit unions operating in 42 states, including Pennsylvania.

Pennsylvania's credit union movement continued to expand through the early 1980s, when the number of Pennsylvania credit unions peaked at almost 1,600. Today, Pennsylvania's credit union movement has consolidated to 463 credit unions, but the number of members has eclipsed more than 3.8 million.

The PCUA has transformed itself from an organizing body to an association that today prides itself on providing political, regulatory and public advocacy, the league said. The PCUA also provides compliance information, products and services.

"I would like to thank all of our member credit unions; board members, past and present; and credit union leaders throughout the years for your support of our association," said Patrick Conway, PCUA president/CEO. "Our association has a long and proud history of serving our members, and we look forward to positioning Pennsylvania's credit union movement for success for the next 80 years and beyond."

To mark the PCUA's 80-year anniversary, association employees donated more than 188 pounds of food and volunteered for a day at the Central Pennsylvania Food Bank. In addition, it promoted its "$80 for 80" political action committee campaign in an effort to raise a record sum to help credit union-friendly legislators at both the state and federal levels.