Pennsylvania and New Jersey state line (Image: Shutterstock).
The inaugural board of directors for the CrossState Credit Union Association elected Rick Stipa, president/CEO of the $2.9 billion TruMark Financial Credit Union in Washington, Pa., as its first board chair.
CrossState Credit Union Association officially opened Jan. 1 as a result of a merger agreement between the Pennsylvania Credit Union Association and the New Jersey Credit Union League that was announced last year.
Andrew Jaeger, president/CEO, of the $339 million Credit Union of New Jersey of Ewing, N.J., was elected vice chair by the CrossState Credit Union Association board of directors.
The board chair and vice chair are elected for a one-year term and may serve two consecutive terms. When the chair is from Pennsylvania, then the vice chair will be from New Jersey and vice versa.
Rick Stipa "As we enter 2020, we are extremely excited to move forward in both Pennsylvania and New Jersey," Stipa said. "I commend the CrossState Board and team for all the great work positioning us to move forward in serving both New Jersey and Pennsylvania credit unions."
CrossState Credit Union Association is one of the largest regional credit union trade associations in the nation, representing 519 credit unions throughout Pennsylvania and New Jersey that serve 5.2 million members and manage more than $63 billion in assets.
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