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
July 's Fed Bank's "FedFocus" has some interesting articles: incl cost/benefits of $1 currency 2 coin conversion ttp://tinyurl.com/nybmnhh
21 hours ago
Do you wish you were a News Now subscriber? Go here: http://t.co/7evfBSjeMx
21 hours ago
Financial education for student body key part of Altura #creditunion, UC-Riverside partnership #NewsNow http://t.co/Xp6OJd66o6
22 hours ago
.@VTcreditunions gains 200 new FB followers in just 2 wks to reach 1,000 http://t.co/I89xJcv4Jg
22 hours ago
.@CUNA is testifying on reg relief Tues,July 15 at 2 p.m. be4 Hs Fin Serv Subc. Here is the agenda and witness list: http://t.co/yBRhlmdqHt
1 Day ago