Pennsylvania credit unions grew slightly more than the nationalaverage last year in assets, loans, savings and membership,according to the Pennsylvania Credit Union Association.
|The association said fourth-quarter data from the NCUA showedthat the state's 526 credit unions grew by 6% in assets, 2% inloans, 6% in savings and 2% in membership, the latter to 3.7million.
|Nationally, in 2011 credit unions grew by 5% in assets from theyear before, 1% in loans, 5% in savings and 2% in membership,the PCUA said.
|“Consumers continue to discover that credit unions offer lowerfees and better service than other financial institutions. Thecontinued fallout from Wall Street has led many consumers to seekout financial institutions operating within their communities,”said PCUA President/CEO Jim McCormack.
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