HARRISBURG, Pa. (7/12/11)--While Pennsylvania credit unions continue to outperform the nation’s credit unions in growth of assets, loans and members, results from the first quarter show mixed results with increased earnings, slow loan growth, and a record low in asset yields. The data were taken from the Pennsylvania Profile, a quarterly economic summary of Pennsylvania Credit Union Association (PCUA) members, with statistics provided by the National Credit Union Administration and the Credit Union National Association. Savings balances rose 4% in the first quarter, greater than the 3.6% growth in first quarter 2010. Credit union savings balances are expected to continue growing in 2011 and 2012, according to PCUA (Life is a Highway July 11). However, consumers will struggle with tight household budgets, which could affect their ability to save, PCUA said. Asset yields fell to 4.06% in the first quarter--a 21 basis-point decline from the fourth quarter of 2010--and the lowest yield on assets in Pennsylvania credit union history. The first quarter drop in asset yields marks the fourth consecutive year of declines, a result of low interest rates. Increased loan growth in 2012 should boost asset yields. Pennsylvania’s unemployment rate continues to drop, falling to 7.8% in March from 8.5% in December. An improving job market will improve credit quality and is expected reduce loan delinquencies, according to PCUA.