With a 24.4% increase in member business loans over the pastyear, credit unions in Pennsylvania experienced significant growthin the second quarter.

According to the Pennsylvania Credit Union Association, MBLs rose 7% for thequarter, up from 4% in the first quarter of this year. The state'sgrowth rate outpaced the national growth rate of 8.2%, data fromthe association's Pennsylvania Credit Union Profile, SecondQuarter 2013 revealed.

In second place behind MBLs were first mortgages, which rose 3.4% for the state'scredit unions.

Members were also in the auto buying mood with new andused auto loan balances rising 2.9% and 3.9%, respectively, in thesecond quarter compared to 2.8% and 2.9% in 2012, according to thePCUA.

“We are forecasting overall credit union loan balances to rise5.5% this year, the fastest pace since 2008 and 6.5% in 2014,” thePennsylvania CU Profile read.

The increase in loan balances combined with the simultaneousdrop in the dollar amount of delinquent loans, brought down thenational credit union loan delinquency rate (delinquent loans tototal loans) from 1.21% in the second quarter of 2012 to 1.04% inthe second quarter of 2013, according to the profile report.