Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Pa. CUs see strong loan growth in 3Q
HARRISBURG, Pa. (1/6/10)--New- and used-auto loans grew in third quarter 2009 for Pennsylvania credit unions, with new auto loans increasing 2.5%--double the growth reported in third quarter 2008, said the Pennsylvania Credit Union Association (PCUA). New-auto loans fell 0.1% nationally, according to PCUA’s Pennsylvania Profile, Third Quarter 2009. The report said state member business loan balances rose 5.2% in the third quarter and 23% over the last 12 months. Loan delinquency rates stabilized slightly above 1%, compared with the national average of 1.69% (Life is a Highway Jan. 4). Loans grew faster than savings during the third quarter, pushing the loan-to-savings ratio for Pennsylvania credit unions up to 69.4%, from its lowest point of 67.4% in the second quarter. Credit union membership also grew 2.3% over 12 months ending Sept. 30, compared to a national growth rate of 1.6%, PCUA said.
Other Resources

RSS print
News Now LiveWire
St. Louis treasurer taps #creditunion to serve unbanked #NewsNow http://t.co/lWtcezJOej
15 hours ago
.@CUNAMutualGroup has committed $35K to @trustdotcoop over the next year to suppor the future of #creditunions.
16 hours ago
.@madison_mag gets the cooperative scoop from @SummitDoMore's @kimsponem http://t.co/RxSCeSegie
16 hours ago
.@VantageWestCU emeritus chairman Whittaker inducted into @DCUC_HQ Hall of Fame http://t.co/dpeP4ME49U
18 hours ago
Australian newspaper covers Gen Y tips from @ServusCU at @WOCCU conference http://t.co/xqmLfZVwaI
19 hours ago