HARRISBURG, Pa. (10/12/10)--Pennsylvania credit unions saw improved financial performance in the second quarter because net interest margins stabilized and operating expenses declined, said the Pennsylvania Credit Union Association (PCUA). The Pennsylvania Profile, Economic Summary for Second Quarter 2010 shows Pennsylvania credit unions outpaced national growth rates in all categories: assets, loans, total surplus funds, total savings and total members, for the 12-month period ending June 30 and for the second quarter 2010 (Life is A Highway Sept. 30). Credit union membership in Pennsylvania grew 2.2% in the 12-month period, and 0.5% for the second quarter. The national growth rate for the 12 months was 0.9%. Since second quarter 2009, Pennsylvania credit union total assets grew 8.9%; loans increased 5.4%; and savings rose 9.3%. However, savings growth slowed to 1.2% growth in the second quarter from 3.6% in the first quarter. Pennsylvania credit union loan balances increased 0.9% in the second quarter, faster than the national average of 0.3%, PCUA said. In loan categories, member business loans grew 6.7% in the second quarter and 26% in the 12-month period. Other top-performing loans were first mortgages, which grew 2.8% in second quarter and 16% since June 2009; used-auto loans, 2.6% for second quarter and 6.9% over the 12-month period; and credit cards, 2.3% in second quarter and 12% for the 12-month period. Slight second-quarter growth in consumer spending is reflected in loan growth, PCUA said. The housing market continues to struggle in Pennsylvania, and the labor market continues to deteriorate, the association added.