HARRISBURG, Pa. (1/13/11)--Pennsylvania credit unions outperformed credit union national growth rates in assets, members, savings and loans during the third quarter of 2010, according to the Pennsylvania Credit Union Association (PCUA). As of Sept. 30, there were 545 credit unions in Pennsylvania, with $33.4 billion in assets, and 3.58 million members. Credit union membership grew 1.1% in the third quarter, and 1.9% in the 12-month period ending Sept. 30, compared to 0.7% national growth for the period, (Life is a Highway Jan 12). . PCUA President/CEO Jim McCormack cited the state’s iBelong credit union awareness campaign as a key factor in the third quarter performance. “The iBelong campaign has steadily raised awareness and the perception of credit unions over the past few years, resulting in consistent membership growth that is stronger than the national average,” said McCormack. Pennsylvania’s total loan balances grew 3.5% for a 12-month period ending Sept. 30. Loans rose 1.5% in the third quarter, faster than the national average of 0.3%. Member business loans were the fastest growing loan category, up 4.9% for the third quarter, compared with 1.8% national growth. First mortgages and other unsecured loans each grew 2.7%. Credit cards increased 2.2%. Nearly 96% of all Pennsylvania credit unions were well capitalized with net worth ratios of 7% or greater. Nationally, 94.5% of credit unions met the standard for being well capitalized. “Pennsylvania credit unions have positioned themselves well during the tough economic times, earning confidence of members in helping them make important financial decisions, as well as improving their visibility within their communities. These are important factors in strengthening the foundation for future credit union growth,” said McCormack.