Estimated 1st-Year Increases in Member Business Lending at Credit Unions
By Congressional District of CU Main Office
Data source: NCUA and CUNA E&S. Data as of June 2011
Asumptions: 1. Grandfathered CUs (i.e., those currently above the 12.25% cap and/or Non-Federally Insured) do not increase lending;
2. Non-MBL lenders lend in amount equal to 1% of assets on average under the new authority;
3. All other MBL CUs lend in amount equal to their current use rate;
4. Estimates produced using assumptions 1-3 are further adjusted as follows:
* CUs with net worth/assets = 10% are limited to a 30% increase in MBLs in the 1st year.
5. First year increases: baseline estimate = 50% of new use rate; adjusted/conservative estimate = 40% of new use rate.
6. Employment increase is based on Council of Economic Advisors 5/09 ARRA job creation estimates ($92,000 in spending creates 1 job)
All Vermont CU's All US CU's
Current total CU MBLs outstanding = $164,109,942 $39,250,743,407
Proposed new authority (% of assets) = 27.5% 27.5%
Estimated 1st year increases in CU MBL loans:
Baseline estimate (50% Use): $103,527,086 $16,205,016,864
Adjusted/conservative estimate (40% Use): $82,821,669 $13,424,970,637
Estimated increase in employment
(Based on adjusted/conservative estimate of 1st year increase in CU MBLs) 900 145,924
CUID Name of CU Headquartered in Dist. City State District
31595 New England FCU Williston VT 00
31600 Heritage Family FCU Rutland VT 00
31590 NorthCountry FCU S Burlington VT 00
31627 Vermont FCU Burlington VT 00
31632 Vermont State ECU Montpelier VT 00
39706 Opportunities CU Winooski VT 00
31610 River Valley CU Brattleboro VT 00
31583 One Credit Union Springfield VT 00
31593 Green Mountain CU S Burlington VT 00
36687 Bennington E/E FCU Bennington VT 00
31572 Members 1st CU Brattleboro VT 00
31573 Border Lodge CU Derby Line VT 00
31578 Central Vermont Medcl Ctr Inc CU Montpelier VT 00
31580 Members Advantage Community CU Barre VT 00
31586 Covered Bridge CU Windsor VT 00
31589 Northern Lights FCU St Johnsbury VT 00
31603 Granite Hills CU Barre VT 00
31604 Northeast Schools & Hospital CU Newport VT 00
31608 ORLEX Government ECU Newport VT 00
31612 Rutland Cnty Teachers & Mncpl ECU Rutland VT 00
31619 St Patricks Parish Credit Union Fairfield VT 00
31623 Credit Union of Vermont Rutland VT 00
31634 Vermont VA FCU White Riv Jct VT 00
31637 White River CU Rochester VT 00
31640 Windsor County South CU Springfield VT 00
35517 CVPS ECU Rutland VT 00
37126 PMH CU Bennington VT 00
District Totals
State Totals
in spending creates 1 job)
Current Percent
Authority @ "Used"
CEO Net Worth Assets Members MBLs Outstanding MBLs / Assets 12.25% @ 12.25%
John Dwyer 11.38% $843,168,446 80,215 $73,341,115 8.70% $103,288,135 71.0%
Ronald Hance 8.00% $269,739,170 31,044 $24,436,659 9.06% $33,043,048 74.0%
John Benoit 9.16% $327,937,968 24,925 $23,816,940 7.26% $40,172,401 59.3%
Bernard Isabelle 8.37% $319,340,586 30,826 $19,824,200 6.21% $39,119,222 50.7%
Steven Post 8.04% $559,696,604 48,860 $16,283,612 2.91% $68,562,834 23.7%
Cheryl Fatnassi 12.62% $33,222,241 10,306 $2,964,212 8.92% $4,069,725 72.8%
Jeffrey Morse 7.32% $65,044,142 15,199 $2,394,089 3.68% $7,967,907 30.0%
Gerald Cross 10.36% $120,206,088 15,528 $771,285 0.64% $14,725,246 5.2%
Ginny Fleischman 7.08% $19,207,512 4,173 $241,657 1.26% $2,352,920 10.3%
Pamela Sanders 9.41% $4,141,620 532 $36,173 0.87% $507,348 7.1%
Judith Wisell 9.07% $11,125,499 2,078 $0 0.00% $1,362,874 0.0%
Debbie Kinney 9.61% $3,108,978 1,070 $0 0.00% $380,850 0.0%
Susana Williams 12.02% $9,038,089 1,586 $0 0.00% $1,107,166 0.0%
Sean Gammon 9.27% $70,144,509 11,907 $0 0.00% $8,592,702 0.0%
Linda Kidder 8.07% $13,101,964 2,804 $0 0.00% $1,604,991 0.0%
Rita St Arnauld 8.15% $17,454,378 3,509 $0 0.00% $2,138,161 0.0%
Susan Poczobut 13.51% $32,756,052 3,072 $0 0.00% $4,012,616 0.0%
Linn Elko 7.95% $3,343,229 1,104 $0 0.00% $409,546 0.0%
Judy Jenne 8.00% $5,575,027 1,295 $0 0.00% $682,941 0.0%
Marion Bove 11.48% $2,597,944 795 $0 0.00% $318,248 0.0%
John Schreindorfer 12.61% $462,277 291 $0 0.00% $56,629 0.0%
Brian Fogg 10.85% $29,007,843 2,670 $0 0.00% $3,553,461 0.0%
Sandra White 8.80% $20,921,323 2,738 $0 0.00% $2,562,862 0.0%
Wanda Dunham 11.30% $28,000,489 5,109 $0 0.00% $3,430,060 0.0%
Rose Thow 16.24% $6,235,458 1,198 $0 0.00% $763,844 0.0%
Cheryl West 7.69% $18,632,832 1,949 $0 0.00% $2,282,522 0.0%
Laurie Gormley 11.63% $3,898,317 1,314 $0 0.00% $477,544 0.0%
$2,837,108,585 306,097 $164,109,942 5.78% $347,545,802 47.2%
$2,837,108,585 306,097 $164,109,942 5.78% $347,545,802 47.2%
Adjusted/
Conservative
Estimate Estimate
First Year First Year
Change Change
New New in MBLs in MBLs Estimated
Authority @ Assumed Outstanding Outstanding Additional
27.50% Use (use @ 50%) (use @ 40%) Employment
$231,871,323 $164,643,319 $45,651,102 $36,520,882 397
$74,178,272 $54,857,806 $15,210,573 $12,168,459 132
$90,182,941 $53,466,600 $14,824,830 $11,859,864 129
$87,818,661 $44,503,306 $12,339,553 $9,871,642 107
$153,916,566 $36,555,047 $10,135,718 $8,108,574 88
$9,136,116 $6,654,353 $1,845,071 $1,476,057 16
$17,887,139 $5,374,486 $1,490,198 $1,192,159 13
$33,056,674 $1,731,456 $480,086 $384,068 4
$5,282,066 $542,495 $150,419 $120,335 1
$1,138,946 $81,205 $22,516 $18,013 0
$3,059,512 $111,255 $55,627 $44,502 0
$854,969 $31,090 $15,545 $12,436 0
$2,485,474 $90,381 $45,190 $36,152 0
$19,289,740 $701,445 $350,723 $280,578 3
$3,603,040 $131,020 $65,510 $52,408 1
$4,799,954 $174,544 $87,272 $69,818 1
$9,007,914 $327,561 $163,780 $131,024 1
$919,388 $33,432 $16,716 $13,373 0
$1,533,132 $55,750 $27,875 $22,300 0
$714,435 $25,979 $12,990 $10,392 0
$127,126 $4,623 $2,311 $1,849 0
$7,977,157 $290,078 $145,039 $116,031 1
$5,753,364 $209,213 $104,607 $83,685 1
$7,700,134 $280,005 $140,002 $112,002 1
$1,714,751 $62,355 $31,177 $24,942 0
$5,124,029 $186,328 $93,164 $74,531 1
$1,072,037 $38,983 $19,492 $15,593 0
$780,204,861 $371,164,115 $103,527,086 $82,821,669 900
$780,204,861 $371,164,115 $103,527,086 $82,821,669 900