Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Pa. CUs assets up 6 in 1Q
HARRISBURG, Pa. (7/18/12)--Pennsylvania credit unions grew at a 6% annual rate during the first quarter to reach more than $37 billion in assets, according to the Pennsylvania Credit Union Association (PCUA).

Membership in the 520 Pennsylvania credit unions grew by 2% to a record 3.7 million members, said PCUA's new, enhanced Pennsylvania Credit Union Profile, a quarterly statistical analysis of credit unions using data from National Credit Union Administration call reports.

The report also compares credit union statistics with those of commercial banks and details other indicators such as unemployment rates, housing prices and inflation rates.

On a year-over-year basis, Pennsylvania credit unions grew: 6% in assets, 4% in loans, 6% in savings, and 2% in membership.

Nationally, credit unions grew by 7% in assets, 2% in loans, 7% in savings, and 2% in membership. There are 7,162 credit unions with more than $1 trillion in assets and 94 million members operating in the U.S.

"Providing statistical analysis regarding the state of an industry is an important function of a trade association," said PCUA President/CEO Jim McCormack. "Our improved version not only provides a snapshot of the credit union movement, but also provides comparisons of credit unions to banks, along with other economic indicators that impact operations."


RSS





print
News Now LiveWire
About 1 in 5 #CUs offer credit-building loans,@SchenkMike @CUNA vice president of economics and statistics, told @CreditCardsCom
5 hours ago
RT @CUNA: DDoS attacks shorter, intense, more expensive: @VERISIGN HT @newsnowlivewire http://t.co/QiQKIEjK5v
5 hours ago
RT @CUNA: .@CUNACouncils launches new website. Offering site tours to current members. Check it out! http://t.co/YFJA1tKIxn
5 hours ago
.@Discover to support #ApplePay by fall http://t.co/3wDjkOVU7P HT @Forbes
7 hours ago
.@HUDgov requires investors to delay foreclosure for a year and offers a non-profit only pool sale http://t.co/WYzQrTL3QA
9 hours ago