Illinois.pdf by zhaonedx

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									                                                                                                  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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