With a 24.4% increase in member business loans over the past year, credit unions in Pennsylvania experienced significant growth in the second quarter.
According to the Pennsylvania Credit Union Association, MBLs rose 7% for the quarter, up from 4% in the first quarter of this year. The state's growth rate outpaced the national growth rate of 8.2%, data from the association's Pennsylvania Credit Union Profile, Second Quarter 2013 revealed.
In second place behind MBLs were first mortgages, which rose 3.4% for the state's credit unions.
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