Illinois Credit Union Fact Sheet ($ in Millions) Institutions Chartered in Illinois Credit Unions Banks/S&Ls/Savings Banks Number of CUs 396 Number of Banks 615 Federally chartered 103 Subchapter S 225 State chartered 293 Credit union market share of CU/Bank assets 9.4% Bank market share of CU/Bank assets 90.6% Average size $84.6 Average size $524.6 Total assets $33,520.5 Total assets $322,604.5 Subchapter S assets $48,800.3 Members 2,801,996 Membership/Population 21.7% Estimated Sub S foregone federal tax revenue $56.2 Estimated federal income tax $53.3 Estimated federal income tax $503.2 Stockholder dividends $188.6 Estimated directors fees $84.8 Average Interest Rates Average Interest Rates One-year certificate 0.85% One-year certificate 0.61% Money market accounts 0.73% Money market accounts 0.49% Auto loans 4.34% Auto loans 5.35% Classic credit card 12.32% Classic credit card 11.01% Alternative market share calculation Alternative market share calculation Total deposits $29,321 Total deposits in institutions w/ branches in state $359,499 Market share of deposits 7.5% Market share of deposits 92.5% National Credit Unions Banks/S&Ls/Savings Banks Number of CUs 7,580 Number of Banks 7,825 Federally chartered 4,632 Subchapter S 2,444 State chartered 2,948 Credit union market share of CU/Bank assets 6.5% Bank market share of CU/Bank assets 93.5% Average size $120.8 Average size $1,681.5 Total assets $915,488.2 Total assets $13,157,473.3 Subchapter S assets $500,898.4 Members 91,634,903 Membership/Population 29.8% Estimated Sub S foregone federal tax revenue $757.2 Estimated federal income tax $1,540.3 Estimated federal income tax $38,451.2 Stockholder dividends $17,305.2 Estimated directors fees $1,164.1 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 June 2010. Average interest rates are as of October 31, 2010 source: Datatrac. Population taken from Census Bureau Estimates for July 2010. If estimated federal income tax is less than zero, the tax is set to zero. 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.
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