Docstoc

Maine - PDF

Document Sample
Maine - PDF Powered By Docstoc
					                                                                                                   Maine
                                                                            Credit Union Fact Sheet
                                                                                                  ($ in Millions)

                                                    Institutions Chartered in Maine
                                     Credit Unions                                                                                Banks/S&Ls/Savings Banks
 Number of CUs                                                                                      66         Number of Banks                                                           29
  Federally chartered                                                                               54
                                                                                                                 Subchapter S                                                             0
  State chartered                                                                                   12

 Credit union market share of CU/Bank assets                                                  9.0%             Bank market share of CU/Bank assets                                    91.0%
 Average size                                                                                 $77.5            Average size                                                         $1,774.1
 Total assets                                                                              $5,115.5            Total assets                                                        $51,450.0
                                                                                                                Subchapter S assets                                                     $0.0
 Members                                                                                    607,852
 Membership/Population                                                                       46.2%
                                                                                                                Estimated Sub S foregone federal tax revenue                            $0.0
 Estimated federal income tax                                                                    $8.9          Estimated federal income tax                                           $124.0
                                                                                                               Stockholder dividends                                                  $251.2
                                                                                                               Estimated directors fees                                                 $6.1

 Average Interest Rates                                                                                        Average Interest Rates
  One-year certificate                                                                        1.79%             One-year certificate                                                  1.44%
  Money market accounts                                                                       1.13%             Money market accounts                                                 0.93%
  Auto loans                                                                                  5.00%             Auto loans                                                            6.59%
  Classic credit card                                                                        11.14%             Classic credit card                                                  13.64%

 Alternative market share calculation                                                                          Alternative market share calculation
 Total deposits                                                                               $4,264           Total deposits in institutions w/ branches in state                  $46,643
 Market share of deposits                                                                      8.4%            Market share of deposits                                              91.6%

                                                                                                 National
                                     Credit Unions                                                                                Banks/S&Ls/Savings Banks
 Number of CUs                                                                                  7,756          Number of Banks                                                         8,091
  Federally chartered                                                                           4,729
                                                                                                                  Subchapter S                                                         2,492
  State chartered                                                                               3,027

 Credit union market share of CU/Bank assets                                                 6.3%              Bank market share of CU/Bank assets                                     93.7%
 Average size                                                                               $114.2             Average size                                                         $1,627.9
 Total assets                                                                           $885,329.2             Total assets                                                    $13,171,380.0
                                                                                                                Subchapter S assets                                               $504,660.0
 Members                                                                                91,251,824
 Membership/Population                                                                      29.8%
                                                                                                                Estimated Sub S foregone federal tax revenue                         $509.1
 Estimated federal income tax                                                              $1,832.7            Estimated federal income tax                                       $20,389.7
                                                                                                               Stockholder dividends                                              $33,395.2
                                                                                                               Estimated directors fees                                            $1,196.6

 Average Interest Rates                                                                                        Average Interest Rates
  One-year certificate                                                                        2.90%             One-year certificate                                                  2.19%
  Money market accounts                                                                       1.99%             Money market accounts                                                 1.27%
  Auto loans                                                                                  5.46%             Auto loans                                                            6.91%
  Classic credit card                                                                        11.64%             Classic credit card                                                  12.74%
Source: All financial data is September 2009, except Alternative market share data which is June 2009. Average interest rates are as of September 30 2009, source: Datatrac.
       Population taken from Census Bureau Estimates for July 2009. Credit union data is from NCUA;
       Bank data is from FDIC, directors fees were estimated using the America's Community Bankers Compensation Survey Results
Produced by CUNA's Economics & Statistics Department.

				
DOCUMENT INFO