foreword - national credit union administration · foreword thrift promotion in federal credit...
TRANSCRIPT
FOREWORD
Thrift promotion in Federal credit unions received increasing attention in 1963, and members' savings (shares) soared to a new record high of
nearly $31/. 2 billion at the yearend. The increase in shareholdings in 1963--
$432 million--represented the largest annual increase on record, and this increase for one year alone exceeded the total amount of shares outstanding after the first 16 years of operation of the Federal credit union program.
Federal credit union officials are to be commended for this achievement.
They should continue their efforts to stimulate savings for a number of reasons. An upsurge in savings will benefit the members and the credit unions by providing greater financial security to the members, and at the same time furnishing the additional capital that will be needed to meet
the heavy loan demand that is anticipated for the years immediately ahead. The Bureau's Thrift Promotion Program was started in 1963 to en-
courage savings, as the name implies. Many of the Federal credit unions had an outstanding record in this area during 1963. The program will
continue in 1964, and it is my hope that many more Federal credit unions will qualify this year for the Bureau's Thrift Honor Award.
J. DEANE GANNON, Director
U.S. DEPARTMENT OF
HEALTH, EDUCATION, AND WELFARE
ANTHONY J. CELEBREZZE, Secretary
SOCIAL SECURITY ADMINISTRATION
ROBERT M. BALL, Commissioner
BUREAU OF FEDERAL CREDIT UNIONS
CENTRAL OFFICE STAFF
Washington, D.C. 20201
Office Of the Dirovtor
J. DEANE GANNON Director
JOSEPH E. BLOMGREN" _ ..... Deputy Director
WILLIAM E. ALLEN ....... _
.................................... Assistant Director
EDWARD M. COOK ..... _ ................ _ ............ Employee Development Officer
JOSEPH E. BLOMGREN
HARRY AUERBACH
GLADYS M. AYRES
AGNES M. MARTIN
LAMAR KEMP
Division of Administration
Chief
___Budget Officer
Chief, Fiscal Section
Personnel Officer
Writer-Editor
Division of Examination and Accounting
KENNETH L. WIMER
JOSEPH BELLENGHI
KENYAN E. BIXBY
JOHN P. MCGRAW
BERNARD H. ROSENBERG
MERRILL J. MARKS
Chief
Technical Assistant
.Technical Assistant
Technical Assistant
Technical Assistant
.Review Examiner
Division of Organization and Standards
SAMUEL B. MYRANT
LAWRENCE P. HURTER
DORIS E. LEARN
Chief
Program Analyst .... Program Assistant
Division of Statistical Research and Analysis
EDWIN j. SWINDLER ..........
_ ...................................... Acting Chief
RONALD M. GARDNER Principal Statistician
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U.S. DEPARTMENT OF HEALTH, EDUCATION, AND WELFARE Social Security Administration
BUREAU OF FEDERAL CREDIT UNIONS
Central Office Staff
Washington, D.C. 20201
J. Deane Gannon .............................. Director
Joseph E. Blomgren ................... Deputy Director and Chief, Division of Administration
Robert W. Seay .......................................... Assistant to the Director
Kenneth L. Wimer ......................... Chief, Division of Examination and Accounting
Samuel B. Myrant "
Chief, Division of Organization and Standards
Edwin J. Swindler ..................... Chief, Division of Statistical Research and Analysis
Region
No. Representative
I James M. Giatto
II-A
II-B
III
IV
V
VI
VII
Reub'en Lansky
Francis A. Maguire
Harold B. Wright
James T. Coats
Richard A. Walch
Thornton L. Miller
Buford B. Lankford
Erdis W. Smith IX
Regional Offices
Address
Room 423, 120 B oytston St.,
Boston, Mass., 02116
Room 1200, 42 Broadway, New York, N.Y., 10004
Room 207, B!ackstone Bldg;, 112 Market St.,
Harrisburg, Pa., 17101
� 700 East Jefferson St., Charlottesville, Va.,
22901
Room 404, 50 7th St. NE.,
Atlanta, Ga., 30323
Room 712, 433 West Van
Buren St., Chicago, Ill., 60607
560 Westport Road
Kansas City, M0., 64111
1114 Commerce St.
Dallas, Tex., 75202
Federal Office Bldg. 50 Fulton St.
San Francisco, Calif., 94102
Area Served
Connecticut, Maine, Mas-
sachusetts , New Hampshire,
Rhode Island, Vermont
New Jersey, New York
Delaware, Pennsylvania
District of Columbia, Kentucky, Maryland, North
Carolina, Puerto Rico,
Virgin Islands., Virginia, West Virginia
Alabama, Canal Zone, Florida, Georgia, Mississippi, South
Carolina, �Tennessee
Illinois, Indiana, Michigan, Ohio, Wisconsin
Colorado, Idaho, Iowa, Kansas,
Minnesota, Missouri, Montana, Nebraska, North
Dakota, South Dakota, Utah, Wyoming
Arkansas, Louisiana, New
Mexico, Oklahoma, Texas
Alaska, Arizona, California, Guam, Hawaii, Nevada, Oregon, Washington
D
Region
I.
II-A.
II-B.
II-C.
III.
IV.
V°
VI.
VII.
IX.
REGIONAL OFFICES OF THE BUREAU OF FEDERAL CREDIT UNIONS
Regional representative
James M. Gratto ......
Reuben Lansky .......
Richard A. Walch .....
Francis A. Maguire ....
Harold B. Wright .....
James T. Coats .......
Robert W. Seay .......
Thornton L. Miller ....
Buford B. Lankford ....
Erdis W. Smith .......
Associate regional representative
William M. O'Brien .....
Gordon Johnson ..........
Wm. B. Covington ......
Stephen Pirk ............
Vacancy ................
J. Theodore Rutland .....
Francis J. Franzen .......
Vacancy ................
W. C. Johnson ..........
Vacancy ................
i Address
Room 423, 120 Boylston St.,
Boston, Mass. 02116
!Room 1200, 42 Broadway, New York, N.Y., 10004
Room 1200, 42 Broadway, New York, N.Y., 10004
Room 207, Blackstone Bldg. 112 Market St., Harris-
burg, Pa., 17101
700 East Jefferson St.,
Charlottesville, Va., 22901
Room 404, 50 7th St. NE., Atlanta, Ga., 30323
Room 712, 433 West Van
Buren St., Chicago, Ill., 60607
560 Westport Road, Kansas
City, Mo., 64111
1114 Commerce St., Dallas, Tex., 75202
Federal Office Bldg., 50 FuN ',
ton St., San Francisco, Calif., 94102
Area served
Connecticut, Maine, Massachu
setts, New Hampshire, Rhodq
Island, Vermont.
New York (except Long Islan¢
and Staten Island).
New Jersey, New York (Lon: Island and Staten Island only)
Delaware, Pennsylvania.
District of Columbia, Kentucky Maryland, North Carolina
Puerto Rico, Virginia, Virgir Islands, West Virginia.
Alabama, Canal Zone, Florida
Georgia, Mississippi, South
Carolina, Tennessee.
Illinois, Indiana, Michigan, Ohio
Wisconsin.
Colorado, Idaho, Iowa, Kansas, Minnesota, Missouri, Mon-
tana, Nebraska, North Dakota
South Dakota, Utah, Wyo- ming.
Arkansas, Louisiana, New Mex-
ico, Oklahoma, Texas.
Alaska, Arizona, California, Guam, Hawaii, Nevada, Oregon, Washington.
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HOTELS
CONSTRUCTION
GOVERNMENT
FRATERNAL
O
RELIGIOUS
BANKING
EDUCATIONAL
LAUNDRIES
• TEXTILES
HARDWARE
• FURNITURE
•'•/• PUBLISHING
"• •::2:o":°::,o°
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FEDERAL CREDIT UNIONS, 1934-63
Federal credit unions are cooperative associations organized in
accordance with the Federal Credit Union Act "to promote thrift
among their members and create a source of credit for provident and
productive purposes." Membership is limited to a group of persons
having a common bond of association, occupation, or residence. Fed- eral credit unions are chartered, examined, and supervised by the
Bureau of Federal Credit Unions. The Bureau's operating expenses are borne by the Federal credit unions; the Bureau receives no direct
appropriation of public funds.
Members' shareholdings are not insured by any agency of the Government.
Greater emphasis on promotion of thrift
characterized the operations in Federal credit
unions in 1963. Impressive gains were made in
all major areas. Total assets and shares re- Humber
corded increases in excess of 14 percent, and the o•
oper-
dollar gains--S487 million and $432 million, re- Year ating
Federal
spectively--were the highest on record for any credit
single year. The increase in loans outstanding unio,s
--$350 million--was exceeded only in 1960, and 1934• 39
the $4 billion loaned to members during 1963 1935_ 772 1936_ 1,751
was an all-time high. Membership, at 71/.2 mil- 1937_ 2,313
lion, increased 492,000 (7 percent) during the 1935_ 2,76o 1939_ 3,182
year, and membership participation moved up 1940_ 3.756 1941_ 4,228
from 55.8 percent at the end of 1962 to 56.6 1942_ 4,145
percent a year later. 1943_ 3,935 1944_ 3,815
The 10,955 Federal credit unions in operation - 1945_ 3,757 1946_ 3,761
at the end of 1963 held $3.9 billion in assets, of 1947_ 3,845
which $2.9 billion was in loans outstanding, and 1948_ 4,058 1949_ 4,495
the members had savings of nearly $3,5 billion 195o_ 4,984 1951_ 5,398
in the credit unions as the year ended. Federal 1952_ 5,925
credit unions made a record 5.3 million loans in 1953_ 6,578 1954_[ 7,227
1963, and the average loan of $753 was $42 1955_ I 7.806 1956_. 8,350
more than the average loan made a year earlier. 1957_• 8,735
The Federal Credit Union Act was amended 1958:9,030 1959_ 9,447
by approval on October 17, 1963, of Public Law 196o_ 9,905 1961_ 10,271
88-150 (77 Star. 270) to permit a Federal credit 1962_ lO,632
union to have a manager other than the treas- 1963_ lO.955
urer, and to hold its annual meetifig at any
time during the months of January, February,
j and March.
TABLE 1.--Selected data on Federal credit union
operations as of December 31, 1934-631
Number of
members
3,240 119,420 309,700 483,920 632,050 850,770
1,127,940 1,408,880 1,356,940 1,311,620 1,306,000 1,216,625 1,302,132 1,445,915
!1,628,339 i 1 819,606 2,126,823 2,463,898 2,853,241 3,255,422 3,598,790 4,032,220 4,502,210 4,897,689 5,209,912 5,643,248 6,087,378 6,542,603 7,007,630 7,499,747
Assets
$231300 2,372,100 9,158,100
19,264,700 29,629,000 47,810,600
\ 72 530,200 •06:052,4o0 119,591,400 127,329,200 144,365,400 153,103,120 173,166,459 210,375,571 258,411,736 316 362,504: 405,834,976 504,714,580 662,408,869 854,232,007
1,033,179,042 1,267,427,045 1,529,201,927 1,788,768,332 2,034,865,575 2,352,813,400 2,669,734,298 3,028,293,938 3,429,804,503 3,916,541,104
Shares
$23,100 2,228,400 8,510,900
17,649,700 26,876,100 43,326,900 65,805,800 97,208,900
109,822,200 117,339,100 133,677,400 •40,613,962 159,718,040 192,410,043 235,008,368 285,000,934 361,924,778 457,402,124 597,374,117 767,571,092 931,407,456
1,135,164,876 1,366,258,073 1,589,190,585 1,812,017,273 2,075,055,019 2,344,337,197 2,673,488,298 3,020,274,340 3,452,615,166
Loans
outstanding
$15,40 1,834,20 7,343,80
15,695,30 23,830,10 37,673,0C 55,818,3C 69,484,7f 43,052,5C 35,376,2C 34,438,4C 35,155,41 56,800,98 91,372,15
137,642,32 186,218,02 263,735,83 299,755,7• 415,062,31 573,973,52 681,970,33 863,042,04
1,049,188,54 1,257,319,32 1,379,723,72 1,666,525,51 2,021,463,15 2,245,223,20 2,560,721,85 2,911,159,47
1 Data for 1934-44 on membership, assets, shares, and loans out-
standing are partly estimated. -" First charter approved Oct. 1, 1934.
TABLE 3.--Liquidations of Federal credit unions, 1934-63 NUMBER OF FEDERAL CREDIT UNIONS
New chc•rters--The downward movement since 1959 in new Federal charters was reversed in 1963, when 622 charters were issued, 21 more
than in 1962. California led the States with 68
new charters in 1963, followed by Illinois with 52 and Pennsylvania with 50.
TABLE 2.--Changes in number of Federal credit unions, 1934-63
Year
Number of charters Number of charters out- Charte•
standing at end of year eaneelec
per 1,00( potential
Can- Net Inactive Operating caneela- Issued celed change Total credit credit tions 1
unions unions
934%__ 78 ........
78 78 39 39 0
935 .... 828 ........
828 906 134 772 0 936 .... 956 4 952 1,858 107 1,751 4.4 937 .... 638 69 569 2,427 114 2,313 37.1 938 .... 515 83 432 2,859 99 2,760 34.2 939 .... 529 93 436 3,295 113 3,182 32.5 940 .... 666 76 590 3,88•, 129 3,756 23.1 941 .... 583 89 494 4,379 151 4,228 22.9 942 .... 187 89 98 4,477 332 4,145 20.3 943 ....
108 321 --213 4,264 326 3,938 71.7 944 .... i 69 285 --216 4,048 233 3,815 66.8 945 .... J 96 185 --89 3,959 202 3,757 45.7 946 .... 157 151 6 3,965 204 3,761 38.1 947 .... 207 159 48 4,013 168 3,845 40.1 948 ....
341 130 211 4,224 166 4,058 32.4 949 .... 523 101 422 4,646 151 4,495 23.9 950 .... 565 83 482 5,128 144 4,984 17.9 951 .... 533 75 458 5,586 188 5,398 14.6 952
.... 692 115 577 6,163 238 5,925 20.6
953 .... 825 132 693 6,856 278 6,578 21.4 954
.... 852 122 730 7,586 359 7,227 17.8
955 .... 777 188 589 8,175 369 7,806 24.8 956
.... 741 182 559 8,734 384 8,350 22.3
957 .... 662 194 468 9,202 467 8,735 22.2
958 .... 586 255 331 9,533 503 9,030 27.7 959
.... 700 270 430 9,963 516 9,447 28.3
960 .... 685 274 411 10,374 469 9,905 27.5
961 .... 671 265 406 10,780 509 10,271 25.5 962
.... 601 284 317 11,097 465 10,632 26.3
963 .... 622 312 310 11,407 452 10,955 28.1
1 Cancellations during year in relation to number of
outstanding at beginning of year. 2 First charter approved Oct. 1, 1934.
charters
Item
Number of Federal credit unions
...................
Paid 100 percent or more__
Paid less than 100 percent_ Number of members .........
Received 100 percent or
more .................
Received less than 100
percent ...............
Amount of shares ............
Repaid 100 percent or
more 1 ................
Repaid less than 100 per- cent2 ...................
Liquidations completed
1934-63
4,112 3,225
887
489,811
395,340
94,471 $57,810,580
$51,809,293
$6,001,287
1962
253 208
45
47,565
40,506
7,059 :$10,709,588
$9,800,446
$909,142
1963
276 227
49
44,818
38,461
6,357 $9,302,260
$8,805,021
$497,239
1 In addition, dividends were paid on some of these shares as
follows: 1934-63, $3,663,594; 1962, $822,511; 1963, $729,430. 2The losses on these shares were as follows: 1934-63, $1,084,081;
1962, $114,885; 1963, $110,336.
Of the 15,993 Federal charters issued since October 1, 1934, a total of 4,112, or 25.7 percent, had completed liquidation as of December 31, 1963. About 1 cancellation in 5 resulted in some
loss to the members, with total losses amounting to $1.1 million and the average loss amounting to $11.48 per member. Seventy-eight percent of the Federal credit Unions that have liquidated did so at no loss to the members, and in some
of these groups, the members received a liqui- dating dividend in addition to full repayment of their savings. The 395,000 members in the
groups that paid 100 percent or more received 107.1 percent of their shares, on the average, when the credit unions liquidated. (See table
3). The 276 Federal credit unions that com-
pleted liquidation in 1963 are distributed by size of the members' shareholdings at com-
mencement of liquidation, and by number of
members, as follows:
I
Liquidations.--The 312 charters canceled in
1963 represented the largest number of cancel- lations in any of the past 20 years, and, in re-
lation to charters outstanding, the largest num-
ber since 1948---except in 1959, when about the
same proportion (2.8 percent) were canceled.
Cancellations in 1963 resulted from mergers with other Federal credit unions or conversions to State chartersml0 each--and revocations of
16 charters in credit unions that did not com-
mence operations within 12 months of the date
the charter was approved. Liquidation was
completed and the charters were canceled in the
remaining 276 groups. Nearly one-half of these
groups liquidated because of loss of their field of membership through plant closings, or ex-
cessive employee turnover; another one-third
liquidated because management was inadequate; and the remainder closed operations for a num-
ber of other reasons, including inability to ob-
tain officials, or because credit union or savings and loan services were otherwise available.
Classification
Total ............
Amount of shares:
Less than $1,000 ........
$1,000-$4,999 ...........
$5,000-$9,999 ...........
$10,000-$24,999 .........
$25,000-$49,999 .........
$50,000-$99,999 .........
$100,000 or more ........
Number of members:
Under 50 ...............
50-99 ..................
100-149 ................
150-249 ................
250--499 ................
500-749 ...............
750-999 ................
1o000 and over ..........
Paid less Paid 100 than 100 percent percent or more
49 227
13 20 13 64
9 38 6 40 8 29
__ 16
__ 20
12 55 16 63
7 48 8 21 5 28 1 8
Total
Number Cumulative
percentage
276 ............
33 12.0 77 39.8 47 56.9 46 73.5 37 86.9 16 92.7 20 100.0
67 24.3 79 52.9 55 72.8 29 83.3 33 95.3
9 98.5 0 98.5 4 100.0
More than half of these groups had shares of less than $10,000 and fewer than 100 mem-
bers, and nearly three-fourths had shares be- low $25,000 and membership below 150. Mere- i
2
D
Average
D Membership 700
bers in some of the smallest groups received less than a full return of their shareholdings, but all 36 of the groups with shares of $50,000 or more returned at least 100 percent of the members' savings at liquidation.
Number operating.--Increases in 43 juris- dictions and small declines in 6 resulted in a net increase of 323 operating groups in 1963. In 6 other areas, the number remained unchanged, but in 1 of these--Michigan--an uninterrupted downward trend since 1956 was halted in 1963. Three States in the Midwest--Illinois, Indiana, and Ohio--together accounted for more than one-fourth of the net increase in operating groups; other notable increases occurred in such scattered areas as California, Pennsylvania, and
Texas, while Delaware's increase of 12 operat-
MEMBERSHIP
Increasing by almost half a million, or 7 percent, in 1963, membership in Federal credit unions stood at 7•2 million at the yearend. One
State--Californiampassed the l-million mark in membership for the first time. (See table 17).
CHART A
AVERAGE •V•EMBERSHIP PER FEDERAL CREDIT UNION, AND
AVERAGE SHAREHOLDINGS PER MEMBER, DECEMBER 31, 1953-63
Average" Shareholdlngs (Dollars)
1 $500
6OO
5OO
AV. MEMBERSHIP
4OO
3ooi
2OO
!00
$100
0 0 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963
Membership in government employee groups topped 2 million for the first time, and
ing groups during 1963 represented a large relative increase--29 percent.
The distribution of operating groups
among the 3 major type-of-membership cate- gories remained unchanged--83 percent of the
operating Federal credit unions are classified in the "Occupational" category, 15 percent are in "Associational", and 2 percent in the "Residen- tial" group. Federal credit unions operating among government employee groups increased in 1963 for the category as a whole, but there was a slight decline in the number of military groups. Declines also occurred in Transporta- tion, where railroad, bus, and truck transporta- tion all recorded fewer operating Federal credit unions in 1963 than in 1962.
all type-of-membership groups except "other associational", "utilities", and "hotels" recorded increases, in 1963. (See table 18).
SIZE OF FEDERAL CREDIT UNIONS
As the program matures, credit unions continue to grow. More than half of the Federal credit unions now have assets in excess of $100,000, which is an arbitrary dividing line between the "small" and "large" groups. At the end of 1963, 49.4 percent of the operating groups had assets of less than $100,000 and 50.6 percent had assets of $100,000 or more, with about 1 in 6 (16.9 percent) in the $500,000 and over size class. Ten years ago, only 30 per- cent of the credit unions were in the $100,000 and over asset size group, and only 1 in 20 had assets in excess of half a million dollars. (See table 4).
TABLE 4.---Percentage distribution of all operating Federal credit unions, by amount of assets,
1945-631
Number of
Year Federal credit Less than $40,000--- $100,000---
unions $10,000 $99,999 $499,999
Percent of Federal credit unions with assets of--
1945 ..... 3,757 35.8 55.2 8.5 1946
..... 3,761 32.6 56.5 10.3 1947
..... 3,845 28.6 57.7 12.8 1948
..... 4,058 26.2 56.7 14.7 1949 ..... 4,495 26.5 55.5 16.2 1950
..... 4,984 25.9 52.8 19.0 1951
..... 5,398 23.0 53.2 20.9 1952 ..... 5,925 21.5 50.8 23.8 1953
..... 6,578 20.5 49.3 24.9 1954
..... 7,227 19.6 48.6 25.5 1955 ..... 7,806 17.2 48.5 26.9 1956
..... 8,350 15.4 47.3 28.9 1957 ..... 8,735 13.8 45.9 30.9 1958
..... 9,030 13.1 44.6 31.7 1959 ..... 9,447 12.7 42.8 32.5 1960
..... 9,905 12.4 41.6 32.7 1961 ..... 10,271 11.6 41.2 32.9 1962
..... 10,632 11.1 40.0 33.4 1963
.... . 10,955 10.5 38.9 33.7
1 Based on data Dee. 31. For data unions reporting),
$500,000--- $999,999
0.3 .4 .7
1.3 1.5 1.8 2.2 2.7 3.6 4.3 4.9 5.2 5.5 6.2 6.9 7.6 7.9 8.3 8.8
$I,000,000 or more
0.2 .2 .2 .2 .3 .5 .7
1.2 1.7 2.0 2:5 3.2 3.9 4.4 5.1 5.7 6.4 7.2 8.1
for all Federal credit unions in operation as of for 1935-44 (based on number of Federal credit
see 1955 Report of O•rations, table 3, p. 4.
3
A size distribution of the groups in opera- tion at the end of 1963, based on membership, is shown in the following tabulation:
Membership Number
size of
(number of credit
aeeounts) unions
Total ..... 10,955
Under 50 ....... 217 50--99 ........... 1,144 100-149 ......... 1,377 150-249 ......... 2,057 •50--499 ......... 2,612 •00-749 ......... 1,179 750-999 ......... 584
1,000-2,499 ..... 1,247 •,500-4,999 ..... 379
5,000-9,999 ..... 121
10,000 and over_. 38
Number
Total ..... 7,499,747
Under 50 ....... 7,759 i0-99 ........... 88,455 100-149 ......... 171,056 150-249 ......... 404,777 .•50-499 ......... 929,028 i00-749 ......... 723,610 T50-999 ......... 505,160 |,000-2,499 ..... 1,900,746 .•,500-4,999 ..... 1,306,172 •,000-9,999 ..... 808,574 10,000 and over_. 654,410
Total assets
Per-
Per- cent
cent- change age from
Amount clistri- Dee.
(thou- bu- 31, sands) tion 1962
$3,916,541 100.0 14.2
675 (1) 8.9
15,902 .4 6.9
43,124 1.1 9.2
128,699i 3.3 8.8
384,227 • 9.8 9.0
357,912! 9.1 9.1
263,365! 6.7 6.5
1,062,962 i 27.1 11.8
800,880 I 20.5 14.0
441,067 11.3 14.2
417,728 10.7 44.3
Membership
Per
,cent \of
Average •o- per t•n-
FCU tial
685 56.6
36! 7.9 77 28.1
124 38.6 197 42.7 356 50.5 614 57.0
865 61.2
1,524 60.4
3,446 67.4
6,682 62.7
17;221 57.3
Per-
cent
change from Dec.
31, 1962
7.0
--3.4 2.7
.6 3.0
3.5 3.6
.7 5.4
5.6 10.2
36.6
Loans outstanding
Per-
cent
Per- .•han g• cent from
Amount of Dec.
(thou- total 31, sands) asset., 1962
$2,911,159 74.3 13.7
364 54.0 28.7
10,378 65.3 6.2
30,937 71.7 8.1
93.914 73.0 7.6
279,353 72.7 8.1
261,435 73.0 9.3
194,433 73.8 5.8
788,526 74.2 10.9
593,979 74.2 13.6
342,504 77.7 11.8
315,336 75.5 48.0
Shares
Per-
cent
Aver-change age from
Amount per Dee.
(thou- mem- 31, sands) ber 1962
$3,452,615 $460 14.3
609 78 7.1
14,039 159 6.4
37,868 221 9.0
112,427 278 8.6
336,434 862 9.2
312,675 482 8.8
231,512 458 6.4
931,912 490 11.6
709,591 543 14.5
389,996 482 14.7
375,552 574 44.1
1 Less than 0.05 percent. NOTE: Computations based on unrounded data.
As would be expected, the distribution of credit unions by membership size is skewed, just as it is for asset size. Average membership, based on the arithmetic mean, is 685 for Federal credit unions in operation December 31, 1963; average (median) membership is only 315, however. That is, one-half of the operating groups had fewer than 315 members and one-
half had more than 315 members at the end of 1963.
Federal credit unions with 1,000 or more
members held 70 percent of the total assets, but
represented only 16 percent of the number in
operation at the end of 1963. The 38 groups with 10,000 or more members, or 0.3 percent of all operating groups, held more than 10 per- cent of the assets, while, at the other extreme, 43 percent of the operating groups (those with fewer than 250 members) held only 5 percent of the total assets on December 31, 1963.
ASSETS
A 14.2-percent rise in total assets in 1963, though not a record, bettered the relative in- crease in 1962--13.3 percent but the amount
of increase--S486.7 million--was the largest dollar gain for any single year since the pro-
gram began in 1934. The dollar increase in
4
1963, in fact, was more than the entire amount accumulated during the first 16 years of opera- tion of the Federal program.
California's Federal credit unions held
$600 million in assets, or 15.4 percent of the
total, nearly double the amount held by Michigan, the second ranking State in total assets. Average assets of the Michigan Federal credit unionsmabout $750,000mare larger than
California's, however, and are exceeded only by those in the District of Columbia, where
average (mean) assets are strongly influenced
by assets of one very large credit union. (See tables 9 and 26).
TABLE 5.--Assets, liabilities, and capital of Federal
credit unions, Dec. 31, 1962, and Dec. 31, 1963
Assets, liabilities and capital
Jumber of opera- ting Federal credit unions ....
Total assets___
,oans to members__ ;ash
.............
LS. Government
obligations ......
avings and loan shares ..........
,oans to other credit unions ....
•ther assets .......
Total liabilities and capital__
[otes payable .....
.ccounts payable and other liabilities
........
hares ............
:egular reserve ....
}ecial reserve for
delinquent loans_ •ther reserves1
....
rndivided
earnings• ........
Dec. 31, 1963
Percentage Amount distribution
Dec. 31, 1962
10,955 10,632
$3,916,541,104 $3,429,804,503
2,911,159,474 217,052,772
88,059,567
599,230,365
59,330,936 41,707,990
2,560,721,896 193,923,961
84,095,259
493,024,709
62,156,232 35,882,446
3,916,541,104 3,429,804,503
68,656,711 68,061,983
21,193,682 3,452,615,166
�
191,355,233
4,572,557 11,975,628
166,766,855
17,702,698 3,020,274,340
160,365,239
4,368,044 9,598,729
148,838,742
Change Dec. Dee.
during 31. 31, year 1963 1962
323 ...........
$486,736,601 100.0 100.0
350,437,578 74.3 74.7
23,128,811 5.5 5.7
3,964,308 2.3 2.4
106,205,656 15.3 14.4
--2,825,296 1.5 1.8
5,825,544 1.1 1.0
# 486,786,601 1O0.0 100.0
--594,728 1.7 2.0
3,490,984 .5 .5
432,340,826 88.2 88.1
30,989,994 4.9 4.7
204,513 .1 .1
2,376,899 .3 .3
17,928,113 4.3 4.3
•Reserve for contingencies and special reserve for losses. Before payment of yearend dividend.
Loans outstanding.mTotaling $2.9 billion at the end of 1963, loans outstanding increased 13.7 percent during the year in contrast to a 14.1' percent gain a year earlier. The amount of increase in 1963--$350.4 million--was the second� highest annual increase on record, ex-
ceeded only in 1960, the first complete year after the 1959 amendments to the Federal Credit Union Act. With the continuing increase in size of loans made, coupled with generally longer maturities--up to the 5-year maximum--out- standings increased from $701, on the average, at the end of 1962 to $742 a year later.
Investments.mThroughout the decade of the 1950's, investments ranged from 1/5 to 1/4 of the total-assets in Federal credit unions. With the sharp upturn in loans in 1960, investments fell off to 17 percent of total assets, and, since 1960, they have remained below 20 percent of the total, but are again moving up. g
D Ten years ago, Federal credit unions had 10 percent of their assets invested in U. S. Government bonds and 11 percent in insured
savings and loan associations, with another 2
percent of their assets in loans to other credit unions. Government's share in the investment
portfolios has declined steadily in the past 10
years, loans to other credit unions have fluctu- ated within a narrow range of 11/.2-2 percent of total assets, while savings and loan shares
emerged as the principal outlet for investment of surplus credit union funds. Nearly $600 million in Federal credit union funds, or 15.3
percent of total assets, was invested in savings and loan shares at the end of 1963, $88 million --2.3 percent of assets--was invested in U. S. Government securities, and $59 million in loans to other credit unions.
CHART B
LOANS TO OTHER CREDIT UNIONS AND NOTES PAYABLE
IN FEDERAL CREDIT UNIONS, 1953-63
|
Millions of dollars
60 -- --
I • L°ans t° °lher credit uni°nsNotes payable
50 ....
40 -- ----
, .
3o -- - .:!
20 --
.. _
'i 1953 1955 1951 1959 1961 1963
Other assets--Other assets remained pratically unchanged relative to the total. They accounted for about 61/2 percent of total assets, the bulk in cash on hand and in banks.
LIABILITIES AND CAPITAL
Notes payable--Borrowing by Federal credit unions declined fractionally in 1963.
Shares--Members added a record $432 million to their share accounts, and average savings in Federal credit unions climbed from $431 at the end of 1962 to $460. Increasing 14.3 per- cent in 1963, total shares amounted to nearly $31/, billion at the yearend.
i Reserves--This was another good year for ac-
t cumulation of reserves as the total amount set
aside as a bulwark against losses on loans again increased nearly one-fifth. Reserves amounted to 7.1 percent of the loans outstanding at the end of 1963, up from 6.8 percent a year earlier.
The $12 million in "other reserves" in- cludes $325,856 in the Special Reserve for Losses.
Undivided earnings--This account includes the net income after transfer of required amounts
to reserves, but before yearend dividends have been deducted.
Payment of the reported $112.7 million in
dividends will reduce undivided earnings to
about $54 million. This amount will be further reduced by subsequent tranfers to regular and
special reserves in some credit unions; such transfers represent amounts voluntarily set
aside over and above legal requirements. Other liabilities--Amounting to only .•2 of 1
percent of total liabilities and capital, "other liabilities" consist primarily of social security and withholding taxes payable on earnings of the credit union employees.
INCOME AND EXPENSES
Federal credit union earnings have kept pace with rising costs of operation, and net
income available for dividend payments to the members has been maintained. Relative to
gross income, expenses have, in fact, declined
steadily each year Since 1959, from 40.5 percent in that year to 39.1 percent in 1963. Gross income went up 14.3 i•ercent and expenses 13.4 percent in 1963.
TABLE 6.---Income and expenses of Federal credit unions, 1962 and 1963
Income and expense
Total income .... '
interest on loans .......
income from
investments .........
Dther income ..........
Total expenses__
rota! salaries ..........
Borrowers' protection insurance ...........
Life savings insurance__,
League dues ...........
]urety bond premiums_, Examination and super-
vision fees ...........
interest on borrowed
money ..............
Educational expenses_ _.
Dther expenses ........
Net income .....
1963
$307,783,216
276,141•214
30,282,8•0 1,359,122
120,424,767
51,966,671
16,030,104 10,987,055
3,953,534. 1,712,844
4,264,584
3,245,410 2,117,600
26,146,965
1962
$269,211,320
241,927,551
26,080,732 1,203,037
106,169,656
46,694,191
14,079,454 9,624,919 3,580,400 1,632,471
4,067,931
2,926,717 1,850,823
21,712,750
Change during
year
$38,571,896
34,213,663
4,202,148 156,085
14,255,111
5,272,480
1,950,650 1,362,136
373,134 80,373
196,653
318,693 266,777
4,434,215
Percentage distribution
1963 1962
100.0 100.0
89.7 89.9
9.8 9.7 .5 .4
!100.01100.0
43.2 44.0
13.3 13.3 9.1 9.1 3.3 3.4 1.4 1.5
3.5 3.8
2.7 2.7 1.8 1.7
21.7 20.5
24,316,785 ............ 187,358,449 163,041,664
Federal credit unions paid out some $52 million in salaries in 1963. Salaries are con-
centrated in the larger groups, since most of the smaller credit unions must necessarily rely on voluntary assistance, and very few have salaried employees.
5
Another $27 million, or 22 percent of total
expenses, was paid out in premiums for bor- rowers' protection and life savings insurance. Next to salaries, this is the largest major ex-
pense. Insurance costs in 1963 were 14 percent higher than in 1962, the increase paralleling the
increasing size of the credit unions. Educational and other expenses also in-
creased at a faster rate than did expenses as a
whole, rising 14 and 20 percent, respectively, above 1962 levels. These expense items ac-
counted for nearly a fourth (23.5 percent) of the total expenses of Federal credit unions in 1963.
Dues to State leagues increased 10.4 per-
cent, and amounted to nearly $4 million, or 3.3
percent of total expenses. Surety bond pre- miums and interest payments on borrowed
money likewise recorded increases less than the rise for expenses as a whole.
Fees paid to the Bureau for examination and supervision of the Federal credit unions in
1963 showed the smallest increase of any of
the major expense items--4.8 percent. Amount-
ing to some $4.3 million, examination and su-
pervision fees accounted for 3.5 percent of total
expenses in 1963 in contrast to 3.8 percent a
year earlier.
DIVIDENDS AND INTEREST REFUND
Dividends--About 9 out 10 Federal credit unions pay the traditional end-of-year dividend, but there has been no great rush so far to pay a mid-year dividend. Authorized for the first time in 1960 under a 1959 amendment to the Federal Credit Union act, about 111/2 percent of the Federal credit unions paid a dividend on
June 30 shares in that year; in 1963, about 18
percent of the operating groups paid a midyear dividend.
The median dividend rate on yearend shares might have stabilized at about 4•/• per-
TABLE 7.--Federal credit unions grouped according to
annual rate of dividend, June 30 and Dec. 31, 1962 and 1963
Dividend based on shares as of--
December 31 June 30 Annual rate of
dividend
1963 1962
All Federal credit unions_
Credit unions paying no dividend ......
Credit unions paying :
dividend, total ....
Less than 1 percent 1 to 1.9 percent._. 2 to 2.9 percent__. 3 to 3.9 percent_.. 4 to 4.9 percent_.. 5 to 5.9 percent__. 6 percent ........
Number Percent Number
10,955 100.0 10,632
1,192 10.9 1,152 10.8
9,763 89.1 9,480 89.2 I
I (1) 1 (s) 50 .4 37 .4
208 1.9 217 2.0 899 8.2 928 8.7
4,962 45.3 4,815 45.3
3,001 27.4 2,835 26.7 642 5.9 647 6.1
1Lessthan 0.05 percent.
Percent
100.0 10,955
9,959
1,996
0
3
31
86
1,058 695
123
1963 1962
I
•Iumber Percent Number Percent
100.0 I0,632 100.O
81.8 8,857 83.3
18.2 1,775 16.7
0 0 0
(') 5 (•) .3 2 .3 .8 85 .8
9.7 950 9.0 6.3 596 5.6 I.I II0 1.0
i
6
cent. Steadily increasing each year, it reached f 4.62 percent in 1962, and remained practically unchanged at 4.63 percent in 1963. With a
ceiling of 6 percent, there is, of course, a point somewhere below that maximum as to where the average will stop. Interest refunds--As in the case of midyear dividends, the proportion of operating groups that refund a portion of the interest paid by borrowing members is increasing, but Federal credit unions have, in general, been slow to use
this provision, adopted in 1954. In 1957, the first year such information was available, 13.2
percent of the Federal credit unions refunded
a portion of the interest, and 9 years after
adoption of the amendment, only 1 in 5 are
paying an interest refund. Three-fourths of the groups that paid an
interest refund in 1963 returned 10 percent or
less--a flat 10 percent was the most frequent rate--and one-fourth returned more than 10
percent of the interest paid by borrowing mem-
bers, with the rate ranging up to 30 percent or more in 12 of the Federal credit unions.
TABLE 8.--Federal credit unions grouped according to
rate of interest refund to borrowers, Dec. 31, 1962, and Dec. 31, 1963
Rate of interest refund
All Federal credit unions .....
Credit unions paying no interest refund
.........................
•redit unions paying interest refund, total
...........................
Less than 5 percent ............
5-9.9 percent .................
10 percent .............. = .....
10.1-14.9 percent .............
15-19.9 percent ...............
20-29.9 percent ...............
30 percent and over ............
1963
•qumber Percent
10,955 1OO.0
8,676 79.2
2,279 20.8
75 .7 565 5.1
1,060 9.7
66 .6 281 2.6 220 2.0
12 .1
1962
Number Percent
# 10,632 1O0.0 ""
8,579 80.7
2,053 19.3
72 .7 513 4.8 977 9.2
50 .5 237 2.2 196 1.8
8 .1
OPERATING RATIOS AND AVERAGES
Selected ratios and averages pertaining to Federal credit union operations in 1963 are
shown in tables 25-28, grouped by State and
t.ype-of-membership, and in table 32, by asset size categories.
Continuing growth and improvement in
operations are revealed by these data. Na-
tionally, assets, shares, and membership all recorded significant gains in 1963, on the aver-
age, and an increasing proportion of potential members are joining the credit unions. Loan
delinquency declined in 1963, continuing a
downward trend since 1959, and total expenses in relation to gross income also moved down.
Federal credit unions are generally in a
stronger position with respect to reserves, but ratios alone do not guarantee solvency, and the
question of adequacy of reserves is an individ- ual matter for each group to determine. !
D
D
DETAIL TABLES--1963
TABLE
9. Assets of operating Federal credit unions, December 31, 1963 (by State) __
10. Liabilities and capital of operating Federal credit unions, December 31, 1963 (by State)
..................................................
11. Assets of operating Federal credit unions, December 31, 1963 (by type of membership)
..................................................
12. Liabilities and capital of operating Federal credit unions, December 31, 1963 (by type of membership)
.....................................
13. Gross and net income, and undivided earnings of operating Federal
credit unions, 1963 (by State) .....................................
14. Expenses of operating Federal credit unions, 1963 (by State) 15. Gross and net income, and undivided earnings of operating Federal credit
unions, 1963 (by type of membership) .............................
16. Expenses of operating Federa' credit unions, 1963 (by type of member-
ship) ............................................................
17. Actual and potential membership of operating Federal credit unions, December 31, 1963; dividends and interest refund paid, 1963 (by State)
...........................................................
18. Actual and potential membership of operating Federal credit unions, December 31, 1963; dividends and interest refund paid, 1963 (by type of membership)
19. Loans made in operating Federal credit unions during 1963, and current
and delinquent loans outstanding as of December 31, 1963 (by State) __
20. Loans made in operating Federal credit unions during 1963, and current
and delinquent loans outstanding as of December 31, 1963 (by type of membership)
21. Loans made and loans charged off and recovered, in operating Federal credit unions, from date of organization through December 31, 1963
(by State) 22. Loans made and loans charged off and recovered, in operating Federal
credit unions, from date of organization through December 31, 1963
(by type of membership) 23. Federal credit union charters issued, canceled, and outstanding December
31, 1962, and December 31, 1963 (by State) 24. Federal credit union charters issued, canceled, and outstanding December
31, 1962, and December 31, 1963 (by type of membership) "25. Selected ratios pertaining to Federal credit union operations, 19,63 (by
State) ',,
26. Selected averages pertaining to Federal credit union operations, •1963 (by State)
27. Selected ratios pertaining to Federal credit union operations, 1963 (by type of membership)
28. Selected averages pertaining to Federal credit union operations, 1963
(by type of membership) 29. Percentage distribution of total expenses of operating Federal credit
unions, 1963 (by State) 30. Percentage distribution of total expenses of operating Federal credit
unions, 1963 (by type of membership) 31. Federal credit union operations, December 31, 1963 (by asset size) ......
32. Selected ratios and averages pertaining to Federal credit union opera-
tions, December 31, 1963 (by asset size)
PAGE
8
9
10
11
12
13
14
15
16
17
18
19
2O
21
22
23
24
25
26
27
28
29
3O
31
J 7
TABLE 9.--Assets of operating Federal credit unions, by State, December 31, 1963
State
Total .............
Alabama ................
Alaska .................
Arizona ................
Arkansas ...............
•alifornia .............
Canal Zone .............
Colorado ...............
•onnecticut ............
Delaware ...............
District of Col.- ......
Florida ................
Georgia ................
Guam ...................
Hawaii .................
Idaho ..................
Illinois ...............
Indiana ................
Iowa ...................
Kansas .................
Kentucky ...............
Louisiana ..............
Maine ..................
Maryland ...............
Massachusetts ..........
Michigan ...............
Minnesota ..............
Mississippi ............
Missouri ...............
Montana ................
Nebraska ...............
Nevada .................
New Hampshire ..........
New Jersey .............
New Mexico .............
New York ...............
North Carolina .........
North Dakota ...........
Ohio ...................
Oklahoma ...............
Oregon .................
Pennsylvania ...........
Puerto Rico ............
Rhode Island ...........
South Caroline .........
South Dakota ...........
Tennessee ..............
Texas ..................
Utah ...................
Vermont ................
Virginia ...............
Virgin Islands .........
Washington .............
West Virginia ..........
Wisconsin ..............
Wyoming ................
8
Table
Number
of
Federal
credit
unions
I0,955
185
32
84
64
1,106
7
150
307
53
150
258
197
2
170
58
294
389
7
81
81
334
128
154
310
406
45
103
48
iii
97
60
28
467
57
934
52
31
596
126
195
1,078 42
21
79
96
195
835
95
2
183
3
174
129
4
62
9.--Assets of operating Federal credit unions by State, Dec. 31, 1963
Loans to
Loans to U.S. Savings
other Other Total Cash Government and loan
members credit assets obligations shares
unions
$3,916,541,104 $2,911,159,474 15217,052,772 $88,059,567 $599,230,365 $59,330,936 $41,707,990
49,785,454 12,804,059 48,271,516 11,523,276
601,294,231
4,301,022 56,377,739
153,743,292 12,013,554
'
137,003,318
,112,383,422 52,709,809
177,830 101,793,071
17,689,701
67,999,747 139,143,106
3,306,657 41,019,377 13,137,022
78,476,608 37,014,718 48,7073179 73,594,100
304,391,317
10,841,361 24,089,590 15,174,272 20,738,006 30,287,552
20,942,573 I0,074,518
133,228,847 31,925,208
288,522,071
14,170,667 5,924,611
186,585,359 38,430,111 49,360,970
275,268,118 7,335,466 3,140,951
17,625,054 18,371,653
.71,187,056 273,105,576
253968,237 671,692
53,285,603
227,045 76,317,768 22,447,914
557,409 12,074,721
39,858,339 10,688,837 41,627,959
9,437,379 473,296,811
2,559,412 44,741,244 91,806,513
9,919,443 110,554,983
91,454,898 42,O19,040
172,949 65,410,884 14,840,239
46,106,119 86,567,896
2,111,585 33,172,168
9,660,219
57,370,357 27,587,969 39,680,700 51,254,413
237,275,402
8,343,528 20,352,426 10,267,129 15,702,773 22,331,977
17,967,349 7,685,568
83,237,890 25,720,687
204,328,881
11,322,790 4,628,024
129,718,826 31,598,091 40,066,662
185,832,528 6,022,166 1,507,039
15,016,967 14,023,430
51,843,286 216,463,930
21,805,310 367,888
40,520,187
191,476 58,445,762 17,010,336
437,094 9,223,716
1,962,320 705,645
1,698,157 803,241
27,425,669
359,747 2,975,498 8,489,540
971,668 6,821,542
6,159,565 2,417,380
4,843 6,105,961
774,769
3,488,508 9,310,996
194,018 1,772,563
874,999
4,430,495 1,471,605 2,527,866 5,105,689
16,484,567
538,706 1,405,981
830,104 '1,447,544
1,679,715
976,587 648,632
7,525,723 1,106,499
19,677,700
932,495 441,851
12,930,901 1,916,856 2,697,834
16,663,039 697,418 232,237
1,011,879 1,327,207
3,961,780 15,288,637
1,124,814 51,305
2,752,169
31,878 3,325,856 1,525,658
47,969 916,947
2,551,090
1,000 19,000
17,753,959
84,873 5,438,351
64,526 3,457,217
1,540,502 1,196,743
1,238,554 55,810
3,943•046 10,310,118
46,791 517,821
9,654
713,296 446,409 316,374
1,042,681 2,702,309
51,000 147,135
1,521,190 200,021 835,416
297,986 4,843,986
513,521 6,323,300
37•924 14,388
4,015,510 370,354
18,496
9,490,320
19,000 49,468
687,895
562,816 3,528,901
20,000
218,904
172,269 662,577
7,066
4,455,019 1,098,003 2,488,821
983,403 65,959,427
1,363,000 5,834,432
45,180,006 782,388
13,820,274
10,969,967 6,031,248
27,774,938 1,196,814
13,199,228 29,867,783
819,483 4,750,597 2,275,444
14,996,826 5,844,265 5,429,802
15,000,751 30,298,653
1,065,491 1,624,655 2,389,696 2,391,979 4,914,448
1,023,623 1,265,975
36,389,906 3,803,593
53,263,342
1,743,631 770,898
36,442,293 3,968,059 5,022,606
57,331,603 439,875
1,342,544 1,354,821 1,841,531
13,824,910 32,464,402
1,035,466 205,453
8,346,677
3,390 10,316,780
2,588,335 61,007
1,572,804
639,950 205,000
1,481,000 207,497
10,874,458
2,299,415 1,476,000
190,425 1,440,162
1,521,066 779,130
639,367 601,811
687,000 1,269,455
28,300 499,183 224,905
499,697 1,076,080
275,750 532,201
8,755,316
617,070 371,300
99,011 � 567,900
322,063
582,732 111,500 430,116 516,228
2,862,138
51,000 33,500
1,865,903 279,500 861,754
3,343,563 109,552
22,400 99,200
337,440
581,375 2,582,326 1,576,111
39,500 1,225,592
2,936,450 445,711
256,833
318,736 106,574 974,579
72,756 5,983,907
18,863 442,277
1,352,882 85,104
909,140
737,424 266,268
38
623,367 220,258
575,846 1,816,858
106,480 307,045
91,801
465,937 588,390 476,687 658,365
8,875,070
225,566 188,093
67,142 427,789 203,933
392,282 64,857
801,226 264,680
2,066,710
82,827 35,950
1,611,926 297,251 693,618
2,607,065 66,455 17,731 92,719
154,150
412,889 2,777,380
406,536 7,546
222,074
301
l, 120,651 215,297
ii, 339
97,355
e
D
I
TABLE lO.--Liabilities and capital of operating Federal credit unions, by State, December 31, 1963
Table 10.--Liabilities and capital of operating Federal credit unions, by State, Dec. 31, 1963
State Total I Notes
I payable
Accounts
payable and other
liabili-
ties
I
Shares Regular reserve
Total ....... I$3,916,541,104 $68,061,983 $21,193,682 $3,452,615,166
49,785,454 12,804,059 48,271,516 11,523,276
601,294,231
Alabama ..........
Alaska ...........
Arizona ..........
Arkansas .........
California---'----
1,801,182
� 570,000
1,044,500 329,923
12,827,056
I Canal Zone .......
156,176 15,384
150,287 26,882
4,464,791
4,680 4,301,022
42,351,664 11,311,533 43,149,986 10,164,342
533,445,334
3,826,749 Colorado .........
Connecticut ......
Delaware .........
District of Col.-
Florida ..........
Georgia ..........
Guam ............ r
Hawaii ...........
Idaho ............
Illinois .........
Indiana ..........
Iowa .............
Kansas ...........
Kentucky- - r
......
Louisiana ........
Maine ............
Maryland Massachusetts ....
Michigan .........
Minnesota ........
Mississippi ......
Missouri .........
Montana ..........
Nebraska .........
Nevada ...........
New Hampshire ....
New Jersey .......
New Mexico .......
New York .........
North Carolina---
North Dakota .....
Ohio .............
Oklahoma .........
Oregon ...........
Pennsylvania .....
Puerto Rico ......
Rhode Island .....
South Carolina---
South Dakota .....
Tennessee ........
Texas ............
Utah .............
Vermont ..........
Virginia .........
Virgin Isl•ds--- Washington .......
West Virginia ....
Wisconsin ........
Wyoming ..........
56,377,739 1,321,683 153,743,292 885,445
12,013,554 383,954 137,003,318 1,620,662
112,383,422 1,320,369 52,709,809 I 493,794
177,830 6,000 101,793,071 631,348
17,689,701 459,372
67,999,747 433,000 139,143,106 1,344,351
3,306,657 ii,000 4i,019,377 775,513 13,137,022 224,300
78,476,608 575,719 37,014,718 1,162,025 48,707,179 1,210,347 73,594,100 785,903
304,391,317 8,129,960
10,841,361 215,500 24,089,590 649,139 15,174,272 236,000 20,738,006 778,209 30,287,552 572,063
20,942,573 899,384 10,074,518 408,500
133,228,847 1,158,332 31,925,208 663,762
288,522,071 3,421,350
14,170,667 258,760 57924,611 85,433
186,585,359 1,513,186 38,430,111 485,185 49,360,970 1,599,964
275,268,118 5,684,868 7,335,466 231,195 3,140,951 7,000
17,625,054 261,300 18,371,653 372,727
71,187,056 923,705 273,105,576 4,700,192
25,968,237 569,185 671,692 •0,000
53,285,603 1,609,948
227,045 15,000 763317,768 1,602,916 22,447,914 540,800
557,409 8,641 12,074,721 204,333
313,017 1,491,495
16,436 1,933,065
684,012 117,140
259
443,308 77,141
116,508 617,337
7,188 65,831 18,767
3513057 74,477
343,987 644,468
1,856,153
44,595 46,790 36,585
380,483 25,382
81,608 5,308
764,327 634,633
1,035,617
24,074 9,253
661,213 134,465
79,573
692,588 11,382
5,930 26,843 38,890
89,708 1,540,135
40,738 517
113,703
477,608 88,897
1,561 111,430
49,799,986 137,559,878
10,631,269 122,700,672
98,333,658 46,468,933
165,559 90,566,478 15,534,621
60,961,751 123,739,979
3,039,223 36,584,252 11,751,477
68,621,690 32,069,987 43,311,289 65,653,038
268,471,713
9,655,811 20,883,726 13,605,297 17,629,800 26,664,399
18,123,203 8,736,272
117,067,637 27,751,362
255,182,840
12,680,868 5,355,141
165,875,243 33,724,292 43,238,995
238,342,589 6,368,588 2,809,925
15,886,759 16,162,470
62,524,236 236,869,667
22,966,328 548,331
46,328,078
182,201 67,374,746 18,737,935
497,383 10,625,983
Special reserve
for
delin-
quent loans
Other
reserves I
Undivided
earnings 2
$191,355,233 $4,572,557 •ii,975,628 $166,766,855
2,830,291 26,733 403,144 9,822
1,891,109 6,807 42.0,081 871
25,074,431 283,224
269,452 9,02+7 2,398,850 24,251 7,309,679 146,706
485,560 8,868 6,116,872 41,445
6,881,578 74,662 2,698,473 37,589
2,170 i0
5,969,197 27,444 742,897 48,762
3,552,920 94,849 7,299,677 120,164
120,976 i0,000 1,639,576 14,824
557.,066 10,359
4,568,819 17,051 1,595,048 45,160 1,720,938 55,992 3,103,814 194,431
12,119,717 1,073,957
504,614 18,077 1,355,201 17,135
663,968 24,460 896,437 47,•64
1,382,298 9,989
811,319 4,016 398,189 18,903
8,235,962 63,024 1,486,803 23,620
15,524,046 330,567
606,362 479
246,019 .........
9,444,036 • 418,509 2,147,961 '\ 12,776 1,968,870 '• 45,601
14,562,326 842,940 383,639 3,700 190,412 9,596 643,472 4,514 861,822 11,082
4,064,620 31,057 15,636,588 73,646
1,222,534 50,166
185,401 24,881
234,258 44,653
1,206,694
217,192 115,845
5,420 842,958
576,764 310,209
63,554
107,758
323,091 334,335
1,300 143,114
39,876
65,574 101,373 263,002 122,396 888,871
421311 89,212 19,932
144,567 112,614
45,456 5,600
597,561 28,390
841,821
71,291 25,472
642,144 101,921 140,447
756,862 15,998
23,052 25,312
197,220 857,648
17,511 42,823 ..................
2,570,333 42,350 362,828
24,429 ..................
3,&49,949 47,230 307,103 1,647,451 30,966 255,831
24,981 1,851 .........
565,434 6,111 29,005
2,434,007 469,295
1,794,569 516,524
23,992,701
191,094 2,302,760 6,234,244
482,047 3,747,644
4,512,379 2,583,671
3,832 4,091,742
719,150
2,517,628 5,687,263
116,970 1,796,267
535,177
4,276,698 1,966,648 1,801,624 3,090,050
11,850,946
360,453 1,050,387
588,030 861,346
1,520,807
977,587 501,746
5,342,004 1,336,638
12,185,830
528,833 203,293
8,031,028 1,823,511 2,287,520
14,385,945 320,964 118,088 779,114 899,350
3,356,510 13,427,700
1,101,775
40,021 2,258,363
5,415 3,058,216 1,146,034
22,992
532,425
i Reserve for contingencies and special reserve for losses.
2 Before payment of yearend dividend.
TABLE 11.--Assets of operating Federal credit unions, by type of membership, December 31, 1963
1
Table ll.--Assets of operating Federal credit unions by type of membership, Dec. 31, 1963
Type of membership
Number
of
Federal
credit
unions
TOTAL ........................ 10,955
ASSOCIATIONALGROUPS--TOTAL ....... 1,646
Cooperatives ........................... 147
Fraternal and professional ............. 358
Religious .............................. 666
Labor unions ........................... 442.
Other associational groups ........... •- 31
OCCUPATIONAL GROUPS--TOTAL ........ 9,080
Agriculture ............................ 41
Mining ................................. 51
Contract construction .................. 28
Manufacturing .......................... 4,179
Food and kindred products ............ 455
Textile mill products and apparel .... 178 Lumber and wood products ............. 162
Paper and allied products ............ 279
Printing and publishing .............. 221
Chemicals and allied products ........ 320
Petroleum refining and related
industries ......................... 303
Rubber and plastics products ......... 107 Leather and leather products ......... 48
Stone, clay, and glass products ...... 212
Primary metal industries ............. 344
Fabricated metal products ............ 358 �
Machinery, incl. electrical machinery 697
Transportation equipment ............. 320
Motor vehicles and equipment ....... 219
Aircraft and parts .................. 78
Instruments I
......................... 75
Other manufacturing .................. 100
Transportation, communication, and
utilities ............................ 1,043 Railroad transportation .............. 291
Bus transportation ................... 157
Motor freight trans, and warehousing- ll9
Air transportation ................... 31
Other transportation ................. 28 Conmmmications ....................... 198
Telephone .......................... 171
Electric, gas, and sanitary services- 219
Wholesale and retail trade ............. 533
Finance, insurance, and real estate .... 135
Services ............................... 1,287 Hotels and other lodging places ...... 49 Personal services .................... 31
Miscellaneous business services ...... 63
Medical and other health services .... 255
Hospitals .......................... 246
Educational services ................. 794
Elementary and secondary schools--- 683
Colleges and universities .......... 105
Other services ....................... 95
Government ............................. 1,780 Federal government ................... 980
Civilian ........................... 640
Military ........................... 340
State and other government ........... 800
Other occupational groups .............. 3
RESIDENTIAL GROUPS--TOTAL ......... 229
Urban community ........................ 61
Rural community ........................ 168
Total Loans to
members Cash
U.S.
Government
obligations
Savings and loan
shares
Loans to
other
credit
unions
Other
assests
$3,916,541,104 •2,911,159,474 $217,052,772 $88,059,567 $599,230,365 $59,330,936 $41,707,990
289,292,807 217,436,946 17,306,568 2,640,327 42,696,170 4,634,100 4,538,696
59,428,566 50,629,166 2,563,120 270,277 4,363,514 715,660 886,829 77,652,823 55,2783880 5,502,811 792,047 13,315,110 1,313,866 1,450,109 85,827,345 58,230,224 5,208,164 1,342,815 17,774,138 1,618,195 1,653,809 52,283,651 41,527,152 3,513,957 188,512 6,188,217 461,282 404,531 14,060,422 11,771,524 518,516 46,676 1,055,191 525,097 143,418
3,578,013,475 2,657,331,802 197,061,458 85,141,969 548,636,417 53,730,650 36,111,179
11,659,0641 23,365,964 11,002,491
7,960,088
1,653,360,074
8,230,317 5,541,214
1,149,100,248
70,153,162 21,111,043 24,552,577 75,938,007 34,559,131
101,078,313
95,087,888 28,883,699
2,930,699 44,024,532
114,547,967 42,659,256
177,043,862 271,876,184 131,047,954 131,306,388
29,452,297 15,201,631
343,011,907 82,553,836 37,950,129 26t939,132 22,686,772 4,690,211
111,465,599 109,175,277
56,726,228
104,959,743 20,921,977
234,923,374 2,413,948 1,058,464
19,503,698 12,461,249 11,825,735
187,201,7031 157,432,179
27,633,569 12,284,312
778,947,074 547,254,563 198,741,247 348,513,316 231,692,511
36,884
101,345,634 30,286,012 33,062,429 99,373,183
48,881,573 148,425,335
� i, 813,035 839,495 589,717
99,118,927
6,739,919 2,308,842 1,546,72C 5,995,694 3,684,984 8,992,085
7,791,069 2,432,617
347,923 4,058,030 8,308,878 4,912,135
16,792,367 20,191,813 10,061,633
9,158,567 3,400,340 1,615,511
22,575,908 5,348, 853
2,462,260 1,623,524 2,554,423
489,751 5,629,624 5,287,999 4,467,473
8,000,537 1,701,459
18,939,473 283,179 126,015
2,195,420 1,535,251 1,448,634
13,678,015 11,192,571
2,136,160 1,121,593
43,473,128 29,150,180 13,651,463 15,498,717 14,322,948
9,779
139,155,892 39,897,103
4,014,403 65,035,567
173,062,402 68,246,778
257,300,756 375,457,581 169,666,340 190,892,080
46,706,235 23,109,191
596,737
30,526
54,083,075
2,252,375 499,738 259,039 727,186
1,356,564 3,566,363
5,352,456 342,021
45,077 1,183,315 7,908,461 2,152,181
10,031,753 15,776,456
1,202,794 14,269,217
2,369,687 260,403
7,823,874 2,768,936
367,593 27,904
1,397,254 210p000
1,228,33• 1,207,951 1,823,852
4,128,940 837,888
3,543,169 91,233
137,264 13,865 13,865
3,204, 937
2,760,499 417,438
95,870
14,097,760 8,518,260 2,376,638 6,141,622 5,579,500
440,507,788 115,329,147
46,946,975 31,404,375 31,516,692
6,934,620 129,727,622 126,672,945
78,648,357
9,116,354 1,630,483 1,571,968
307,469,718
19,975,818 5,832,704 4,985,549
14,257,553 8,372,591
32.390.767
27,199,343 7,403,180
638,103 14,515,138 37,646,905 17,149,054 47,633,607 52,954,362 17,755,024 31,416,589 10,804,754
5,710,290
55,995,999 20,711,239
5,084,158 2,441,580 4,721,227 1,509,508 7,790,910 7,495,372
13,737,377
22,126,480 3,983,449
43,922,076 835,203 291,231
4,146,803 2,106,710 2,085,587
33,316,440 26,728,143
5,391,812 3,225,689
102,801,348 69,517,222 32,990,155 36,527,067 33,284,126
18,542
142,293,422 27,653,240
309,251,668 3,671,616 1,2+87,372
26,571,211 16,314,354 15,560,564
243,762,793 203,963,143
36,084,063 17,444,322
114,000 142,050 135,500
24,805,960
1,610,900 315,835
1,184,466 1,389,530
688,782 1.414.•82
2,527,503 552,000
33,300 762,623
2,359,080 886•063
3,258,523 7,429,467 4,382,796 2,965,671
@31,000 162,006
6,079,549 2,639,611
722,484 195,770
62,000 17,000
998,134 902,134
1,444,550
2,236,367 134,200
4,385,284 26,000
4,587 465,150
96,950 94,950
3,414,597 3,137,565
277,032 378,000
15,695,740 11,232,202
4,035,228 7,196,974 4,463,538
2,000
962,551,410 670,645,038 253,215,278 417,429,760 291,906,372
67,330
66,774 160,146
91,163
I0
18,782,146
613,460 217,850 534,078
1,065,213 219,521 9•2.925
1,197,633 283,586
19,301 491,929
2,291,111 488,089
2,540,6442. 7,229,299 5,216,139 1,775,648
448,157 159,350
5,020,551 1,306,672
360,351 176,465 957016 18,150
2,615,020 2,604,212
448,877
•41,355 74,267
3,538,292 22,053
7,075 122,876 100,329
91,793 2,947,101 2,712,186
228,052 338,858
7,536,360 4,972,611 1,420,547
3,552,064 2,563,749
125
49,274,822 36,390,726 2,684,746 277,271 7,897,778 966,186 1,058,115
15,246,344 10,706,093 739,608 196,692 2,617,334 486,200 500,417 34,028,478 25,684,633 1,945,138 80,579 5,280,444 479,986 557,698
I Professional, scientific, and controlling instruments; photographic and optical goods; watches and clocks.
q
D
D
D
TABLE 12.--Liabilities and capital of operating Federal credit unions, by type of membership, December 31, 1963
Table ]2.--L•abilities and capital of operating Federal credit unions, by type of membership. Dec. 31, 1963
Type of membership
TOTAL- ......................
ASSOCIATIONAL GROUPS--TOTAL ........
Cooperatives ...........................
Fraternal and professional ........... r-
Religious ..............................
Labor unions ...........................
Other associational groups .............
OCCUPATIONAL GROUPS--TOTAL .........
Agriculture ............................
Mining .................................
Contract construction ..................
Manufacturing ..........................
Food and kindred products ............
Textile mill products end apparel ....
Lumber and wood products .............
Paper and allied products ............
Printing and publishing ..............
Chemicals and allied products ........
Petroleum refining and related
industries .........................
Rubber and plastics products .........
Leather and leather products .........
Stone, clay, and glass products ......
Primary metal industries .............
Fabricated metal products ............
Machinery, incl. electrical machinery Transportation equipment .............
Motor vehicles and equipment .......
Aircraft and parts .................
Instruments J .........................
Other manufacturing- .................
Transportation, communications, and
utilities ............................
Railroad transportation ..............
Bus transportation ...................
Motor freight trans, and warehousing- Air transportation ...................
Other transportation .................
Communications .......................
Telephone---i ......................
Electric, gas, and sanitary services-
Wholesale and retail trade .............
Finance, insurance, and real estate ....
Services ...............................
Hotels and other lodging places ......
Personal services ....................
Miscellaneous business services ......
Medical and other health services ....
Hospitals ..........................
Educational services .................
Elementary and secondary schools---
Colleges and universities ..........
Other services .......................
•overnment .............................
Federal government ...................
Civilian ...........................
Military ...........................
State and other government ...........
Other occupational groups ..............
RESIDENTIAL GROUPS--TOTAL ..........
]rban community ........................
•ural community ........................
Total Notes
payable
Accounts
payable and
other
liabili-
ties
Shares Regular reserve
•,916,541,i04•68.061,983 $21,193,6SP $3,452,615,166 $]9],355,233
289,252,807 6,846,781 627,989 255,728.191 13,151,985
59,428,566 2,383,713 107,5541 52,032,706 2,487,857 77,652,823 955,519 177,8531 68,953,296 4.299,430 85,827,345 1,194,735 199,803 76,560,687 3,744,062 52,283,651 1,698,063 97.493' 467031,588 2,069,418 14,060,422 614,751 45,286 12,149,914 551,218
3,578,013,475 59,655,321 20,413,153 3,153,729,477 176,059,928
23,365,964 ii,002,491
7,960,088
1,653,360,074
101,345,634 30,286,012 33,062,429 99,373,183 48,881,573
148,425,335
139,155,892 39,897,103
4,014,403 65,035,567
173,062,402 68,246,778
257,300,756 375,457,581 169,666,340 190,892,080
46,706,235 23,109,191
10,500
248,922 23,500
23,828,390
1,303,616 251,268 906,786
1,850,430 267,972
1,984,440
618,452 701,740 160,800 716;993
2,794,818 731,237
5,388,778 5,202,4231 4,083,160 1,051,137
734,307 214,330
8,691,696 746,118
1,248,140 i, 293,595
270,641 32,800
4,589,202 4,936,702
5 ii, 200
1,381,932 249,589
5,166,897 115,464
18,100 123,500 555,245 466,245
4,235,408 3,889,998
345,410 119,180
20,053,895" 15,182,550
2,744,949 12,437,601
4,871,345
440,507,788 115,329,147
46,946,975 31,404,375 31,516,692
6,934,620 129,727,622 126,672,945
78,648,357
32,765
20,323 11,317
8,719,643
218,817 73,908 98,743
267,760 189,934
1,226,662
305,653 190,653
12,168 270,532 639,251 176,663
1,444,773 2,683,980 1,317,473 1,357,215
778,604 141,542
2,458,053 404,736 199,571
� 221,190 275,485
15,534 1,127,326 1,110,277
214,211
1,61•3,812 97,131
1,632,664 12,827
8,405 358,884
36,857 36,5881
1,056.204
916,014 127,670 159,487
5,800,350 4,778,591
704,241 4,074,350 1,021,759
95
142,293,422 27,653,240
309,251,668 3,671,616 1,487,372
26,571,211 16,314,354 15,560,564
243,762,793 203,963,143
36,084,063 :
17,444,322
20,703,934 9.457 366
7,136,729
1,456,559,681
89,291,179 26,697,690 1
28,692,818! 85,986,277 42,929,758
129,991,539
121,424,537 35,147,558
3,420,855 57,422,042
151,215,140 60,035,844
226,007,601 336,649,280 150,130,434 172,981,633
41,172,599 20,474,964
381,095,641 101,516,476
40,112,796 26,900,398 28,108,773
6,141,046 108,965,882 106,248,785
69,350,270
125,843,677 24,600,113
276,114,723 3,245,Z•8 1,307,566
24,172,076 14,628,375 14,010,188
217.157,196
180,746,511 32,989,601 15,604,062
852,154,798 597,802,474 227,015,740 370,786,734 254,352,324
62,815
962,551,410 670,645,038 253,215,278 417,429,760 291,906,372
67,330
1,608,779 591,231 420,862
84,233,232
5,341,225 1,547,442 1,618,992 5,411,498 2,837,369 8,048,844
9,706,610 2,034,507
185,322 3,444,809 9,746,518 3,967,751
12,316,995 14,775,685
6,452,679 7,741,800 2,164,426 1,085,239
24,378,545 6,277,297 2,769,109 1,330,990 1,490,900
427,628 7,402,713 7,266,088 4,680,308
6,520,255 1,477,095
13,544,376 •41,280 "70,958
906,737 416,523 397,548
11,189,764 9,722,533 1,290,762
819,114
43,283,805 26,846,635 12,016,014 14,830,621 16,437,170
1,748
49,274,822 1,559,881 152,540 43,157,498 2,143,320
42,718 109,822
13,186,686 29,970,812
15,246,344 34,028,478
770,200 789,681
560,184 1,583,136
Special reserve
for
delin-
quent loans
•, 572,557
913,851
118,883 205,484 339,529
222,031
27,924
3,564,716
8O3
39,244 127
2,288,091
85,956 18,421 50,644 75,294 38,122 62,168
42,904 98,979 i0,148
126, 038
490,954 124,800 523,365 503,886 476,961
20,332 13,616 22,796
502,326 292,993
83,389 34,622 28,062
630
46,148 43,354 16,482
135,644 11,007
165,148 6,616
859
17,300
21,615
21,453 101,381
85,404 15,977 17,377
422,319 299,455 169,259 130,196 122,864
7
93,990
29,048 64,942
i Reserves for contingencies and special reserve for losses.
2 Before payment of yearend dividend.
3 Professional, scientific, and controlling instruments; photographic and optical goods; watches and clocks.
Other
reserves i
$11,975,628
Undivided
earnings 2
$166:766,85•
688,203 11,295,807
223,483 149.857
182,306 81,105 51,452
2,074,370
2,911•3•4
3:606.223 2,083,953
619,877
11,140,914 153,449,966
14,536
54,154 1,203
5,549,755
204,125 65,650
288,683 542,541 124,980 550,722
290,859 74,475
4,854 130,337 682,666 214,178 701,781
1,549,390 738,642 807,819
58,148 66,366
2,058,119 640,857 270,163 134• 587
140,684
699,766 699,468
172,062
392,990 84,885
461,693 75
40,783 12,616
9,355
397,080 355,527
41,553 11,139
2,523,579 1,769,858
548, 727
1,221,131 753,721
146,511
69,978 76,533
994,647 591,251
366,350
72,181,282
4,900,716 1,631,633
1,405,763 5,239,383 2,493,438 6,560,960
6,766,877 1,649,191
220,256 2,924,816 7,493,055 2,996,305
i0,917,463 14,092,937
6,466,991
6,932,144 1,784,535 1,103,954
21,323,408 5,450,670 2,263,807 1,489,393 1,202,147
316,982 6,896,585 6,768,271 3,703,824
6,378,112 1,133,420
12,166,167 149,906
81,484 951,931 643,123 619,187
9,625,760 8,247,156 1,273,090
713,963
38,312,664 23,965,475 10,016,348 13,949,127 14,347,189
2,665
2,021,082
587,530 1,433,552
ll
TABLE 13.-LGross and net income, and undivided earnings of operating Federal credit unions, by State, 1963
Table 13.--Gross and net income, and undivided earnings of operating Federal credit unions, by State, 1963
q
State
TOTAL ..................
Alabama .....................
Alaska ......................
Arizona .....................
Arkansas ....................
California ..................
Canal Zone ..................
Colorado ....................
Connecticut .................
Delaware ....................
District of Col.- ...........
Florida .....................
Georgia .....................
Guam ........................
Hawaii ......................
Idaho .......................
Illinois ....................
Indiana .....................
Iowa ........................
Kansas ......................
Kentucky ....................
Louisiana ...................
Maine .......................
Maryland ....................
Massachusetts ...............
Michigan ....................
Minnesota ...................
Mississippi .................
Missouri ....................
Montana .....................
Nebraska ....................
Nevada ......................
New Hampshire ...............
New Jersey ..................
New Mexico ..................
New York ....................
North Carolina ..............
North Dakota ................
Ohio ........................
Oklahoma ....................
Oregon ......................
Pennsylvania ................
Puerto Rico .................
Rhode Island ................
South Carolina ..............
South Dakota ................
Tennessee ...................
Texas .......................
Itah ........................
Vermont .....................
Virginia ................ - ....
Virgin Islands ..............
•ashing%on ..................
Hest Virginia ...............
Nisconsin ...................
Nyoming .....................
Number
of
Federa]
credit
unions
i0,955
185
32
84
64
l, 106
7
150
307
53
150
258
197
2
170
58
294
389
7
81
81
334
128
154
310
406
45
103
48
Iii
97
60
28
467
57
934
52
31
596
126
195
I, 078
42
21
79
96
195
835
95
2
183
3
174
129
4
62
Total
Gross income
Interest on
loans
Income from
investments Other
Net
income Undivided
earnings I
$307,783,216 $276,141,212. $30,282,880 $1,359,122 $187,358,449 $166,766,855
3,904,204 1,078,428 4,224,378
893,125 44,653,717
12,797 1,223
12,172 3,326
212,969
4,186,989 1,139,283 4,390,110
947,518 48,468,303
320,197 4,834,497
10,748,088 934,472
10,509,234
" 9,396,342 4,109,238
13,600 7,021,663 1,472,150
4,956,568 10,001,192
256,145 3,160,067 1,046,033
6,218,983 2,987,061 4,100,616 5,629,051
24,099,295
869,316 1,972,277 1,069,530 1,732,032 2,505,088
1,946,900 819,627
9,540,096 2,518,715
21,505,146
1,090,989 440,830
14,722,628 3,232,196 4,132,696
21,388,577 586,298 198,397
1,470,752 1,500,840
5,590,255 22,406,282
2,136,908 49,870
4,174,758
20,851 6,318,515 1,821,920
49,763 i, 024,469
2,598,577 633,048
2,559,484 563,812
29,970,865
250,993 4,512,077 8,414,715
891,350 9,738,017
8,844,237 3,773,601
13,599 5,757,561 1,397,485
4,227,786 8,294,898
223,714 2,921,284
941,240
5,526,009 2,660,138 3,808,500 4,850,229
269,988
59,632 153,560
51,067 3,601,617
4,653 9,602
98,105 6,523
51,393
23,359 7,818
i
91,185 1,434
21,305 50,468
56
9,203 1,500
11,819 11,880 37,789 45,333
200,691 2,915,914 6,371,101
564,664 6,239,433
5,606,348 2,639,475
6,435 4,742,775
866,197
3,030,842 6,462,647
146,555 1,947,183
600,874
4,025,225 1,729,135 2,333,065 3,312,945
22,219,991
808,226 1,885,197
917,525 1,599,041 2,249,356
1,859,347 735,281
7,754,012 2,318,195
18,747,023
1,019,239 405,437
12,888,497 3,048,234 3,882,855
18,464,699 555,013 135,496
1,403,563 1,378,600
4,969,796 20,816,481
2,044,471 38,975
3,764,566
20,062 5,738,911 1,672,752
47,285 951,803
64,551
312,818 2,235,268
36,599 719,824
528,746 327,819
1,172,917 73,231
707,477 1,655,826
32,375 229,580 103,293
681,155 315,043 254,327 733,489
Ii1,822
1,883 2,886 1,655 6,190 7,039
7,580 3,980
35,745 10,268
162,532
6,706 6,938
39,548 11,138 14,965
54,420 13,202
1,364 7,068 8,893
14,690 62,733
3,913 463
13,111
424
17,379 3,040
39
1,595
12,975,278
504,352 1,173,688
659,491 939,204
1,558,507
1,131,184 517,038
5,825,134 1,633,932
13,676,136
654,697 259,123
8,973,603 1,930,944 2,392,675
12,688,767 347,953 135,592 911,952 934,526
3,738,425 14,105,660
1,294,228 31,563
2,619,733
10,183 3,848,733 1,169,487
27,799 621,572
i, 767,482
59,207
84,194 150, 350
126,801 248, 693
79,973 80, 366
i, 750, 339
190, 252
2,595,591
65,044 28,455
i, 794, 583
i[72, 824
234, 876
2,869,458 18,083 61,537 60,121
113,347
605,769 i, 527, 068
88, 524
10,432 397,081
365
562, 225
146,128 2,439
71,071
2,/*34, 007
469,295 i, 794,569
516,524 23,992,701
191, 094
2,302,760
6,234, 244
482,047
3,747,644
4,512,379 2,583,671
3,832 4,091, 742
719,150
2, 517,628 5,687,263
116,970 l, 796,267
535,177
4,276, 698
i, 966, 648
i, 801, 624
3,090, 050
ii, 850, 946
360,453 i, 050,387
588,030 861, 346
i, 520,807
977, 587
501, 746
5,342,004 l, 336,638
12,185,830
528,833 203,293
8,031, 028
i, 823,511 2,287,520
14,385,945 320, 964
118,088 779,114 899,350
3,356, 510
13,427,700 i, i01, 775
40,021 2,258,363
5,415 3,058,216
i, 146,034 22,992
532,425
i Before payment of yearend dividend.
12
i
TABLE 14.--Expenses o/ operating Federal credit unions, by State, 1963
Table 14.--Expenses of operating Federal credit unions, by State, 1963 z
Examina- Interest
Total Borrowers '
Life Surety tion and on Educa-
State Total salaries protection savings
League bond tional Other
insurance insurance dues
premiums supervi- borrowed expenses
expenses siGn fees money
$120,424,767 $51,966,671 $16,030,104 $10,987,055 $3,953,534 $1,712,844 !$4,264,584 $3,245,410 $2,117,600 $26,146,965
P
TOTAL .......
Alabama ..........
Alaska ...........
Arizona ..........
Arkansas .........
California .......
Canal Zone .......
Colorado .........
Connecticut ......
Delaware .........
District of Col.-
Florida ..........
Georgia ..........
Guam .............
Hawaii ...........
Idaho ............
Illinois .........
Indiana ..........
Iowa .............
Kansas ...........
Kentucky .........
Louisiana ........
Maine ............
Maryland .........
Massachusetts ....
Michigan .........
Minnesota ........
Mississippi ......
Missouri .........
Montana ..........
Nebraska .........
Nevada ...........
New Hampshire ....
New Jersey .......
New Mexico .......
New York .........
North Carolina---
North Dakota .....
Ohio .............
Oklahoma .........
Oregon ...........
Pennsylvania .....
Puerto Rico ......
Rhode Island .....
South Carolina---
South Dakota .....
Tennessee ........
Texas ............
Utah .............
Vermont ..........
Virginia .........
Virgin Islands---
Washington .......
West Virginia ....
Wisconsin ........
Wyoming ..........
1,588,411 506,235
1,830,626 383,706
18,497,438
119,506 1,918,583 %,376,987
369,808 %,269,801
5,789,994 1,469,763
7,165 2,278,888
605,953
1,925,726 3,538,545
109,590 1,212,884
445,159
2,193,758 1,257,926 1,767,551
2,316,106 ll, 124,017
364,964 798,589 410,039 792,828 946,581
815,716 302,589
3,714,962 884,783
7,829,010
436,292 181,707
5,749,025 1,301,252 1,740,021
8,699,811 238,345
62,805 558,800 566,314
1,851,831 8,300,621
842,680 18,307
1,555,025
10,668 2,469,782
652,433 21,964
402,897
679,690 263,539 785,255 156,586
8,832,313
58,808 828,636
2,099,756 142,528
2,217,019
i, 720,394 670,242
4, 071
866,973 232,596
780,472 i, 472,511
42,426 452,915 183,871
957,724 512,673 774• 624
991, 093
4,174,880
147,085 310,084 173,144 307,550 408,803
393,237 121,741
i, 575,748 439,739
3,166,371
231,963 77,707
2,441, 772
558,192 671, 949
3,382,078 118,255
21,090 264,565 221,095
793,541 3,699,304
328,254 7,485
764,301
7,030 1,013,857
236,614 8,160
174,362
218,841 56,459
249,550 55,482
2,331,951
8,362 281,358 485,907
5%,942 408,812
500,108 203,356
724
415,236 89,576
275,814 475,770
15,679 188,136
54,847
355,635 159,819 214,343 299,277
1,426,950
52,629 116,851
56,380 98,875
107,104
105,075 41,812
455,388 102,757
1,166,343
45,374 26,728
759,378 190,167 239,735
1,158,505 22,677
8,503 78,730 89,720
294,186 1,151,360
133,430 2,623
190,760
973
348,196 96,787
3,186 58,938
140, 310
38,132 171, 073
48,178 1,470,967
20,221 208,036 437,892
31,170 256,118
277,443 109,859
607
228,365 69,362
205,613 376,929
11,197 155,050
49,407
248,515 153,508 1%8,601 272,424
1,149,456
37,73"7 89,762 40,259 77,965 80,539
75,112 27,373
351,643 60,801
653,609
32,933 17,801
456,500 108,413 167,885
830,288 13,910
9,073 65,000 60,175
190,536 743,159
86,285 2,784
91,034
177
235,927 56,913
2,253 42,776
66,542 2,178
62,223 18,380
421,956
1,071 52,365 73,058 12,551 55,814
91,788 49,696
55
89,002 44,718
65,754 137,052
6,777 51,520 30,137
"76,083 28,999 93,887 56,462
501,969
13,824 33,902 18,468 38,812 41,773
3;i16 6,322
160,372 18,764
237,591
9,119 9,469
196,860 62,214 62,508
398,031 2,920 2,247
13,609 42,554
52,307 273,665
32,450 338
52,413
71,806 36,105
940
10,998
21,142 6,013
18,438 7,752
195,416
i, 218
25,571 63,809
5,659 34, 052
42,647 25,373
172
44,252 8,868
33,771 62,681
1,420 19,802
8,630
40,516 18,359 22,443 42• 505
106,797
6,775 12, 379
8,602 ii, 747
13,533
i0,343 3,322
71,754 10,434
131, 575
6,897 4,538
96,970 19,138 26,640
150,081 4,884 I, 837
7,128 10,718
29,403 130,525
10,979 493
23,514
237
31,204 11,487
431
7,970
52, 039
14, 640
39,470 16,452
531,196
4, 812
59,866 155,718
16, 010
96,677
116,576 61, 580
494
91,198 23,460
76,605 135,082
3,674 39,933
17,799
iO1,130 42,010 57,712
IIi, 647
274,195
15,056 29,219 18,567 32,191 38,057 •
23,620 1O, 584
172,877 30,274
355,753
16,837 9,904
226,285
� 49,896
'\61, 940
36•, 086
i0,362 5,370
23,303 26,213
70,617 319,521
32,008 1,039
64,146
607
74,505 28,646
386
16,740
54,330 20,904 49,728 32,348
597,617
1,638 71,107 79,047 19,424 74,188
87,638 24,370
35,791
24,018
26,273 55,016
314
42,251 10,307
30,690 58,669 59,539
34,713 393,927
12,735 25,274
8,047 36,725 28,768
45,462 17,432 50,740 43,555
180,471
8,824 4,143
81,285 25,822 70,846
235,675 11,362
721
11,571 19,461
38,314 222,212
32,896 104
64,519
525
65,135 22,761
1,789 14,389
27,760 4,567
40,062 4,783
246,539
1,534 39,832 59,323 10,399
117,239
53,319 24,179
157
15,849 i0,544
37,753 59,871
1,058 26,221
7,957
17,949 24,799 34,805 21,727
342,300
8,991 17,034
7,648 26,582 18,276
10,602 11,774
, 54,606 10,355
135,987
3,709 2,302
122,205 20,742 34,299
112,742 2,597
188
7,625 10,711
28,271 123,751
20,329 9O
27,796
51,475 i1,898
527
3,962
327,757 99,803
414,827 63,745
3,869,483
21,842 351,812 922,477
77,125 1,009,882
900,081 301,108
885
492,222 102,811
423,671 763,633
27,045 237,056
82,204
365,516 259,090 401,597 486,258
2,753,543
70,132 164,084
78,924 162,381 209,728
149,149 62,229
821,834 168,104
1,801,310
80,636 29,115
1,367,770 266,668 404,219
2,072,325 51,378 13,776 87,269 85,667
354,656 1,637,124
166,049 3,351
276,542
1,119
577,677
151,222 4,292
72,762
i For percentage distribution of expenses, see table 29.
D 13
TABLE 15.--Gross and net income, and undivided earnings of operating Federal credit unions, by type of member-
ship, 1963
Table 15.--Gross and net income, and undivided earnings of operating Federal credit unions, by type of membership, 1963
Type of membership
Number
of
Federal
credit
unions
Total
Gross income
TOTAL ................... 10,955
ASSOCIATIONAL GROUPS--TOTAL- 1,646
Cooperatives ..................... 147
Fraternal and professional ....... 358
Religious ........................ 666
•abor unions ..................... 444
Other associational groups ....... 31
OCCUPATIONAL GROUPS--TOTAL-- 9,080
Agriculture ...................... 41 1,444,603 Mining ........................... 51 927,228 Contract construction ............ 28 632,3_18
Manufacturing .................... 4,179 Food and kindred products ...... •455 7,752,832 Textile mill products and
apparel ...................... i78 Lumber and wood products ....... 162
Paper and allied products ...... 279
Printing and publishing ........ 221
Chemicals and allied products-- 320
Petroleum refining and related
industries ................... 303
Rubber and plastics products--- 107
Leather and leather products--- 48
Stone, clay, and glass products 212
Primary metal industries ....... i 344
Fabricated metal products ...... 358
Machinery, incl. electrical
machinery .................... 697
Transportation equipment ....... 320
Motor vehicles and equipment-: 219
Aircraft and parts ............ 78
Instruments 2 ................... 75
Other manufacturing ............ 100
Transportation, commnications, and utilities .................. 1,043
Railroad transportation ....... 291
Bus transportation ............ 157
Motor freight trans, and
warehousing ................. ll9
Air transportation ............ 31
Other transportation .......... 28
Communications ................ 198
Telephone ................... 171
Electric, gas, and sanitary services .................... 219
Wholesale and retail trade ....... 533
Finance, insurance, and real
estate ......................... 135 1,928,251
Services ......................... 1,287 Hotels and other lodging
places ....................... 49 297,088 Personal services .............. 31 122,683 Miscellaneous business
services ..................... 63
Medical and other health
services ..................... 255
Hospitals .................. 246
Educational services ........... 794
Elementary and secondary schools .................... 683
Colleges and universities .... 105
Other services ................. 95
Government ....................... 1,780 Federal government ............. 980
Civilian ..................... 640
Military ..................... 340
State and other government ..... 800
Other occupational groups ........ 3
RESIDENTIAL GROUPS--TOTAL ...... 229
Urban community .................. 61 1,261,O85 Rural community .................. 168 2,737,206
Interest
on loans
Income from
investments Other
Net
income
Undivided
earnings I
$307,783,216 $276,141,214 $30,282,880 $1,359,122 $187,358,449 $166,766,855
22,936,342 20,806,620 1,995,910 133,812 12,880,548 11,295,807
4,483,193
5,136,706 5,788,448 4,241,673 1,156,600
251,704, 536
1,002,481 860,942 536,356
4,681,201
5,816,062 6,689,581 4,524,741 i, 224,757
185,510
616,597 860,591 265,521
67,691
27,945,712
404,573 60,976 71,237
15,893,618
280, 848,583
124,631,702
12,498
62,759 40,542 17,547
466
1,198,335
37,549 5,310
24,525
538,458
2,431,486 2,761,439 7,987,824 3,725,278
10,858,247
2,702,842
3,434,367 3,706,356 2,388,911
648,072
172,254,044
1,022,150 537,483 409,626
77,22A,099
I0,104,106 3,196,076
332,577 4,802,006
12,879,971 5,161,333
19,276,655 28,316,144 13,608,976 13,700,123
3,313,367 1,732,361
36,346,006 9,662,822 4,089,044
2,797,647 2,289,836
489,193 ii, 191,621 10,947,603
5,825,843
II, 194,919
23,699,145
1,875,790
1,307,744 1,244,785
18,785,392
15,821,345 2,726,484 1,310,448
108,199,626 6,753,116
2,121,605 2,481,072 7, 264,058 3,295,885 9,357,933
8,680,122 2,823,746
303,899 4,098,228
10,788,030 4,253,317
16,713,138 25,050,606 32,524,023 11,672,713
2,764,760 1,450,111
33,428,811 8,532,747 3,810,323
2,695,946 2,042,585
419,129 10,795,960 10,571,818
5,132,121
10,016,038
1,727,248
21,437,690
254,472 107,718
1,693,560
1,212,867 1,151,314
17,017,291
960,575
293,265 270,565 705,530 415,982
1,464,810
1,386,682 364,447
27, 099
684, 022
2, 063,348 886,449
2,489,314 3,070,173 1,011,641 1,907,946
533,772 277,585
2,810,194 1,093,923
272,725
95,251 227,996
"
67,887 372,769 354,499
679,643
1,127,781
195,938
2,124, 019
39,162 14,555
162,237
87,419 86,013
1,665,750
1,385,753 229,672 154,896
80,041,034 55,890,036 20,400,198 35,489,838 24,150,998
3,577
39,141
16,616 9,802
18,236 13,43/ 35,504
37,302 7,883 1,579
19,756 28,593 21,567
74,203 195,365
73,312 119,464
14,835 4,665
107,001 36,152
5,996
6,450 19,255
2,177 22,892 21,286
14,079
51, i00
5,065
137,436
3,454 410
19,993
7,458 -7,458
102,351
89,201 13,150
3,770
4,837,456
1,477,551 1,591,641 4,962,433 2,320,046 7,195,474
6,729,809 2,016,586
179,060 3,221,900 8,048,760 3,125,054
11,624,468 16,837,630
7,341,122 8,886,632
2,026,3-12 1,030,119
21,607,953 5,540,247 2,277,197
1,684,501 1,461,328
350,585 6,456,583 6,316,739
3,837,512
7,045,442
1,348,629
14,838,705'
145,119 67,753
1,305,924
710,943 678,158
11,818,727
9,902,766 1,741,195
790,239
14,346,391 2,483,662 1,151,782
5,256,505 3,491,149 1,547,648 1,943,501 1,765,356
871
291,866 201,614
84,018 117,596
90,252 25
48,217,875 33,123,021 12,421,268 20,701,753 15,094,854
2,082
74,492,663 52,197,273 18,768,532 33,428,741 22,295,390
2,681
2,074,370 2,911,384
3,606,223 2,083,953
619,877
153,449,966
994,647
591,251 366,350
72,181,282 4,900,716
� 1,631,633 1,405,763 5,239,383 2,493,438 6,560,960
6,766,877 1,649,191
220,256 2,924,816 7,493,055 2,996,305
i0,917,463 14, 092,937
6,466,991 6,932,144 i, 784,535 i, 103,954
21,323,4•8 5,450,670 2,263,807
1,489,393 1,202,147
316,982 6,896,585 6,768,271
3,703,824
6,378,112
1,133,420
12,166,167
149,906 81,484
951,931
643,123 619,187
9,625,760
8,247,156 1,273,090
713,963
38,312,664 23,965,475 10,016,348 3-$,949,127 14,347,189
2,665
3,998,291 3,630,058 341,258 26,975 2,223,857 2,021,082
1,122,820 2,507,238
8,892 18,083
129,373 211,885
651,812 1,572,045
and clocks.
i Before payment of yearend dividend.
2 Professional, scientific, and controlling instruments; photographic and optical goods; watches
587,530 1,433,552
14
%.
0
P TABLE 16.--Expenses o/ operating Federal credit unions, by type of membership, 1963
Table 16.--Expenses of operating Federal credit unions, by type of membership, 19631
D
Type of membership
TOTAL .......................
ASSOCIATIONAL GR0UPS--TOTAL---
Cooperatives ....................
Fraternal and professional ......
Religious .......................
Labor unions ....................
Other associational groups ......
OCCUPATIONAL GROUPS--TOTAL ....
Agriculture .....................
•i•/ling ..........................
Contract construction ...........
Manufacturing ...................
Food and kindred products .....
Textile mill products and
apparel .....................
IAtmber and wood products ......
Paper and allied produets .....
Printing and publishing .......
Chemicals and allied products- Petroleum refining and related
industries ..................
Rubber and plasties products-- Leather and leather products-- Stone, clay, and glass products Primary metal industries ......
Fabricated metal products .....
Machinery, incl. electrical
machinery ...................
Transportation equipment ......
Motor vehicles and equipment Aircraft and parts ..........
Instruments 2 ....... _ ..........
Other mar•/facturing ...........
Transportation, eomaunications, and utilities .................
Railroad transportation ......
Bus transportation ...........
Motor freight trans, and
warehousing ................
Air transportation ...........
Other transportation .........
Co•m/nications ...............
Telephone ..................
Electric, gas, and sanitary services ...................
Wholesale and retail trade ......
Finance I insurance, and real
estate ........................
Services ........................
Hotels and other lodging places .......................
Personal services .............
Miscellaneous business
services ....................
Medical and other health
services ....................
Hospitals .................
Educational services ..........
Elementary and secondary schools ...................
Colleges and universities---
Other services ................
Goverm•ent ......................
Federal goverr•ent ............
Civilian ....................
Military ....................
State and other government ....
Other occupational groups .......
RESIDENTIAL GROUPS--TOTAL .....
Urban commun/ty .................
Rural community .................
Total Total
salaries
'$120,424,767 $51,966,671
10,055,794 3,629,824
1,978,359 694,143 2,381,695 826,116 2,983,225 1,110,895 2,135,830 792,426
576,685 206,2/+4
108,59%,539 47,625,104
422,453 389,745 222,492
47,%07,603 2,915,376
953,935 1,169,798 3,025,391 1,405,232 3,662,773
3,374, 296
I, 179,490 1533517
i, 580,106 4,831, 211
2,036,280
140,009 157,244
99,227
20,311,285 1,233,778
427,728
451,658 i, 216, 990
635,164 1,513,555
1,576,788 467,548
64,556 674,007
1,905,066 843,625
3,214,023 5,165,229 2,420,657 2,550,552
609,330 312,440
6,055,407 1,658,903
68%,243
427,641 %08,292
43,629 1,979,480 1,938,519
853,219
1,995,326
217,084
3,781, 262
64,046 21,854
268,756
251,208 237,127
2,941,101
2,458,563 465,558 234,297
14,867,540 11, O5%,104
3,854,529 7,199,575 3,813,436
720
Examina- Interest Surety Educa-
bond tion and on
tional
premiums supervi- borrowed
sion fees money expenses
Borrowers' Life
protection savings League
dues insurance insurance
I
$16,030,104 $10,987,055 $3,953,534 $1,712,844 $4,264,584 $3,245,410 $2,117,600
1,344,423 1,088,937 403,279 16%,765 %25,829 338,771 253,018 !
285,345 20%,616 80,316 340,814 258,959 97,489 378,356 334,546 125,880 266,364 228,675 80,414
73,544 62,1%1 19,180
14,461,272 9,726,704 3,485,325
74,580 %9,116 21,076 46,274 39,408 16,349 23,552 18,5%7 5,043
6,274, 275 4,176,325 1,652,ZJ+3 405,168 260,754 iBl, 131
118,955 99,201 36,266
163,400 121,398 47,072 461,3-32 300,763 100,185 195,243 140,302 57,002 550,932 299,5%8 3_35,251
502,803 216,293 103,950 163,545 121,313 %5,564
17,428 18, 079 5,534 269,860 106,410 68, 033
713,857 505,797 174, 546
267, 930 211, 896 89,576
941,298 707,993 278,710 1,274,537 903,070 318,816
815,255 662, 996 247,884 406,196 225, 059 63, 079
140,427 91, 449 31, 098
87,760 72,059 29,709
1,984,223 608,770
�
266,303
162, 549
102, 237
31, 615
519,047 504, 823
293,702
504, 769
100,258
1,211,108
15,907 6,103
78,095
74,421 70,765
961,676
826,847 128,162
74, 906
7,652,187 ii, 478,514 6,267,854 %,813,491 1,287,255
702,242
14,738,053 4,122,575 1,811,847
1,113,146 828,508 138,608
4,735,038
4,630, 864
1,988,331
4,149,477
579,622
8,860,440
151,969 54,930
569,866
596,801 566,627
6,966,665
5,918,579 985,289 520,209
31,823,159 22,767,015
7,978,930 14,788,085
9,056,144 1,495
4, 242,035 2, 803,005
i, 124, 241
i, 678,764 1,439,030
198
1,774,434 711,743 224,409
236,702 475,041
609,273 1,165,161
24,070 65,895 113,987 50,452! 38,775 107,309 45,840 67,3751 56,964 143,578 58,560 91,220, 37,443 93,249 86,570 27,726
7,513 15,798 33,814 16,2451
62,706 161, 703
1,523,662 3,777,908 2,824,480 1,826,429
Other
expenses
$26,146,965
2,406,948
459,535 599,018 683,226 522,963 142,206
23,343,655
12,217 21,930 2,250 1,883 99,392 7,994 16,3-52 13,531 3,382i 89,411 3,826 8,579 651 6,318! 56,7%9
703,985 1,71%,283 1,128,209 781,975 10,664,823 57,285 133,898 59,696 42,608 591,058
21,276 47,296 9,564 1%,9%5 178,70% 17,633 42,362 39,571 20,867 265,855 49,377 i09,211 84,22J. 49,706 653,783 30,001 65,888 17,699 22,259 241,674 62,201 1%5,3681 92,980 5%,283 808,655
64,247 145,4471 44,889 39,146 680,733 19,229 43,309 26,657 20,938 271,387
3,556 7,3%5 4,136 3,629 29,25% 31,343 72,101 30,543 26,132 301,677 70,692 171,711 116,186 62,165 1,111,191 44,419 98,930 36,450 29,788 413,666
120,390 290,3591 2%3,104 3-19,161 1,737,1%9 81,230 263,908i 277,355 250,005 2,944,36• 53,071 148,335 I 185,72% 167,129 1,566,803 2%, 279 103, 3501 90,187 79,873 i, 270,916 16,325 43,4021 30,872 17,330 307,222 14,799 33,748i 14,263 9,013 128,451
1,400,011 486,577 204,191 484,514i 412,648 286,942 3,423,5%0 519,410 171,946 62,329 136,458! 33,228 58,732 872,799 211,209 66,408 25,890 62,074! 56,782 47, 294 391,644
i12, 257 34,142 16,996 40,3581 61,194 18,772 239,237 56,085 12,918 6,942 25,558! 3-3,937 14,981 187,558 16,O07 9,206 4,066 9,079 1,045 859 23,102
298,737 i10,812 49,032 123,400 220,240 i15,707 l, 318,583 288,596 i06,791 46,566 117,773! 216,512 i14,923 1,296,362
186,306 81,145 38,936 87,587 26,222 30,597 390,617
352,578 130,051 74,ZX14 178,279 69,086 54,%82 790,442
38,559 27,276 17,389 41,299 3-3,912 5,750 118,095
846,745 298,435 144,823 369,668 294,788 135, 2%0 1,778,37R
IA,399 6,329 3,364 '. 9,304 5,882 2,163 30,575 6,531 2,828 1,787 • 4,702 611: 314 I0,20C
\
35,387 17,447 10,152 \26,730 5,270 4,433 123,596
73,833 26,678 12,8%2 37,019 19,013 8,080 93,707 71,221 25,380 12,292 35,333 15,3681 8,020 91,122
665,778 226,087 106,572 267,283 254,835 115,396 1,427,937
575,115 189,270 89,748 223,184 235,796 99,772 1,220,284 87,259 34,398 15,615 40,690 18,945 14,112 180,55C 50,817 19,066 10,106 24,630 9,177 4,854 92,356
2,805,374 .847,982 354,703 943,043 889,402 550,406 6,322,674 1,854,070 550,658 232,185 640,313 680,772 409,506 4,542,402
768,958 255,436 121,115 284, 594 125,861 115,389 1,328,807 1,085,112 295,222 111,070 355,719 554,911 294,117 3,213,595
951,304 297,32% 122,518 302,730 208,630 140,900 1,780,272 41 93 70 161 3 51 158
171,414 64,930 24,%17 60,847 82,159 38,153 396,362
58,212 24,790 6,904 18,795 42,903 19,832 138,429 113,202 40,140 17,513 42,052 39,256 18,321 257,933
I
i For percentage distribution o£ total expenses, see table 30.
2 Professional, scientific, and controlling instruments; photographic and optical goods; watches and clocks.
15
TABLE 17.--Actual and potential membership of operating Federal credit unions, December 31, 1963; dividends and interest refund paid, 1963, by State
Table 17.--Actual and potential membership of operating Federal credit imions, Dec. 31, 1963; dividends and interest refund paid, 1963, by State
State
TOTAL ............
Alabama ...............
Alaska ................
Arizona ...............
Arkansas ..............
California ............
Canal Zone ............
Colorado ..............
Connecticut ...........
Delaware ..............
District of Col.- .....
Florida ...............
Georgia ...............
Guam ..................
Hawaii ................
Idaho .................
Illinois ..............
Indiana ...............
Iowa ..................
Kansas ................
Kentucky ..............
Louisiana .............
Maine .................
Maryland ..............
Massachusetts .........
Michigan ..............
•nnesota .............
Mississippi ...........
Missouri ..............
Montana ...............
Nebraska ..............
Nevada ................
New Hampshire .........
New Jersey ............
New Mexico ............
New York ..............
North Carolina ........
North Dakota ..........
Ohio ..................
Oklahoma ..............
Oregon ................
Pennsylvania ..........
Puerto Rico ...........
Rhode Island ..........
South Carolina ........
South Dakota ..........
Tennessee .............
Texas .................
Utah ..................
Vermont ...............
Virginia ..............
Virgin Islands ........
Washington ............
West Virginia .........
Wisconsin .............
Wyoming ...............
Number
of
Federal
credit
unions
10,955
Membership, December 31, 1963 Dividends and interest refund
Number Dividends paid or payable Interest refund
Potential Actual
13,258,009 7,499,747
151,665 104,824 45,657 27,577
151,433 86,983 43,577 28,731
1,731,749 1,015,808
24,700 15,042 174,335 104,214 '337,077 236,781 '58,291 30,500
593,976 279,333
367,045 241,7+42 198,864 125,780
7,000 1,398 190,747 131,966
51,361 32,941
253,789 133,467 387,720 233,723
5,737 4,863 134,390 69,796
92,809 35,552
290,637 158,314 157,859 75,640 233,926 123,174 329,006 166,803 800,159 498,141
84,387 25,638 96,847 58,097 49,347. 30,508 88,530 44,315
120,214 60,671
65,563 38,769 40,561 23,253
497,215 276,035 88,604 53,439
1,197,352 583,006
136,041 44,667 26,604 13,227
699,340 375,177 105,641 71,769 175,369 97,613
1,065,009 590,130 28,945 19,597
8,549 6,478 97,550 58,982 69,470 37,783
182,305 125,220 873,575 529,563
69,434 45,1-31 1,516 i•351
267,022 131,256
4,550 1,481 178,169 121,832
84,828 47,572 2,275 1,296
39,691 23,098
June 30, 1963 Dec. 31, 1963
Number Number
paying i Amount
paying Amount
1,996 $24,479,997 9,763 $112,678,595
51,191 1,818,598 100,740 347,661 552,715 1,325,754
11,208 395,037 4,988,428 17,193,513
3-36,554 667,440 1,386,511 233,085 4,677,011
32,802 390,778 1,683,354 2,945,955
842,958 3,121,583 249,830 1,650,525
1,408 2,950 219,502 3,554,353
54,423 583,166
401,247 1,863,938 991,978 3,842,460
31,639 84,260 275,680 1,156,781
76,375 348,543
349,346 2,609,042 80,309 1,141,683
249,455 1,357,359 308,740 2,061,091
1,522,848 7,824,457
96,976 246,969 41,830 842,163
114,710 400,805 142,970 536,877
91,373 1,029,813
72,798 685,282 IZ•4,942 202,342 713,636 3,511,668 154,968 1,032,750
1,928,166 8,149,050
91,764 391,901 37,851 156,337
1,762,587 4,752,988 239,839 1,138,784 344,967 1,796,096
1,224,03_3 7,799,257 19,418 230,946 12,927 91,496
112,632 495,136 148,818 533,790
335,174 2,311,357 1,039,098 9,255,622
195,569 790,602 19,397
215,378 13606,298
2,157 3,813 1,076,125 1,731,049
36,202 742,004
Total
dividends Number Amount
on 1963 paying shares
$137,158,592 2•279 :$12,625,292
1,869,789 55,580 448,401 4,042
1,878,469 153,670 406,245 17,389
22,181,941 483,728
136,554
2,053,951 199,111 4,910,096 1,210,553
423,580 52,278 4,629,309 88,025
3,964,541 399,535 1,900,355 46,030
4,358 3,773,855 214,007
637,589 50,201
2,265,185 51,132 4,834,438 508,928
115,899 12,609 1,432,461 99,319
424,918 32,420
2,958,388 283,408 i, 221,992 213,322 1,606,814 45,295 2,369,831 294,447 9,347,305 3,088,277
343j945- 23,197 883,993 92,083 5•5,515 6,180 679,847 45,180
1,121,186 87,764
758,080 14,770 347,284 59,522
4,225,304 162,066 1,187,718 15,206
10,077,216 771,235
483,665 6,421 194,188 17,179
6,515,575 630,426 1,378,623 155,154 2,141,063 63,542
9,023,270 1,030,373 250,364 7,009 i05,423 3,737 607,768 27,878 682,608 63,958
2,646,531 95,725 10,294,720 1,073,845
986,171 138,029 19,397 1,548
1,821,676 119,077
5,970 2,807,174 216•070
778,206 46,929 636
105,772
2
168
106
4
53 19,060
355,380 19,696 420
0 461,152 47,463
16
D
D
I
TABLE 18.--Actual and potential membership of operating Federal credit unions, Dfcember 31, 1963; dividends and interest refund paid, 1963, by type of membership/
Table 18.--Actual and potential membership of operating Federal credit unions, Dec. 31, 1963; dividends and interest refund paid, 1963,
Type of membership
TOTTAL- ..............................
ASSOCIATIONAL GROUPS--TOTAL ...........
]ooperatives ............................
Fraternal and professional ..............
•eligious ...............................
Labor unions ............................
Dther associational groups ..............
OCCUPATIONAL GROUPS--TOTAL- ...........
Agriculture .............................
Mining ..................................
Contract construction ...................
•nufacturing .... L ......................
Food and kindred products ............
Textile mill products and apparel ....
Lumber and wood products .............
l•aper 8_rid allied products ............
Printing and publishing ..............
Chemicals and allied products ........
Petroleum refining and related
industries .........................
Rubber and plastics products .........
Leather and leather products .........
Stone, clay, and glass products ......
Primary metal industries .............
Fabricated metal products ............
Machinery, incl. electrical machinery Transportation equipment .............
Motor vehicles and equipment .....
Aircraft and parts ...............
Instruments z .........................
Other manufacturlng ..................
Transportation, eammunications, and
utilities .............................
Railroad transportation ..............
Bus transportation ...................
Motor freight trans, and warehousing- Air transportation ...................
Other transportation .................
Conm•mieations .......................
Telephone ........................
Electric, gas, and sanitary services-
Wholesale and retail trade ..............
Finance, insurance, and real estate .....
Services ................................
Hotels and other lodging places ......
Personal services ....................
Miscellaneous business services ......
Medical and other health services ....
Hospitals ........................
Educational services .................
Elementary and secondary schools-
Colleges and universities ........
Other services .......................
Government ..............................
Federal government ...................
Civilian .........................
Military .........................
State and other government ...........
Other occupational groups ................
RESIDENTIAL GROUPS--TOTAL- ............
Urban co•m•unity .........................
by type of membership
•embership, December 31, 1963
Number I of
Federal Potential
Actual credit number
unions
Rural commmity .........................
13,258,009!7,499,747 2,234,248 729,178
281,258 105,660
299,028 143,005 927,248 271,903 609,426 176,322
117,288 32,288
10,6373568 6,661,728
28,153 1 38,975
14,626
2j 4,117,393
230,488
i18,004
84,418
187,551
I18,061
273,253
260,731 ill, 636
21,179 146,803
396,672
189,097 736,172
1,071,206
556,110
475,529
105,019 67,100
283,648 1 54,3791
596)4824 13,074 1
5,3341 40,722! 64,416 1
62,450i 4413371
360,863
75,106
31,565
1132970 607,158 530,537
076,621
506,812 329
108,8411
35,558i 73,2831
Dividends and interest refund
Dividends paid or payable
I0,955
1,646
147
358
666
444
31
I 9,080
41
51
28
4,179 455
178
162
279
221
320
303
107
48
212
344
358
697
320
219
78
75
i00
1,027,500
290,348
120,934 78,092 61,794
14,016
301,024
290,491
161,292
439,581
86,280
1,103,479
23,714
8,749
58,468 141,935
138,805
824,743 665,895
152,683
45,870
3,781,106 2,999,399
801,589 2,197,810
781,707 475
229
I 386,193
61 155,722 168 230,471
Dec. 31, 1963
Number
paying Amount
June 30, 1963
Number Amount
paying
1,996 $24,479,997
194 1,554,758
39 498,358 43 491,971 65 294,529 43 231,859
4 38,041
1,770 22,627,873
51,438
29,•34
33,765
9,607,373
641,697
83,031
311,359
330,585
158,412
1,052,889
735,774
258,932
10,612
508,865
1,219,325
284,410
1,371,348 2,282,704
715,734
1,566,970
272,592 84,838
2,513,195
487,586
241,183 156,742
164,175
15,703
1,113,207
1,094,316
334,597
•88 i, 030,931
238,004 1 1,798,831
11,755
i, 861
18 183,723 23 34,088 21 29,783
1• 1,502,008
1,094,098
23 65,396
67 7,324,802 17 5,568,678 58 1,675,554
3,893,124 1,756,124
32 297,366
12 79,205 20 218,161
9,763
1,327
136!
308:
520
335
28
8,249
i Total
dividends
on 1963
Shares
$112,678,595 $137,158,592
7,758,867 9,313,625
1,445,496 1,943,854 2,095,741 2,587,712 2,358,607 2,653,136 1,425,241 1,657,100
433,782 471,823
103,575,494 126,203,367
759,026
3•4,8'/1
268,485
47,037,841 2,891,556
907,412
1,237,347
3,229,863
1,607,009
4,273,946
4,576,728
1,132,121
97,071
1,845,785
4,759,039
1,958,711
6,898,135
9,731,884
4,428,022
4,811,039
1,2Z•, 566
646,668
13,247,293
3,644,387
1,360,927 933,996
938,570 256,540
3,497,118
3,418,549 2,615,755
\•,128,386 '\ 767,576
8•994,585 '96,999
44,125
757,035 202 I 450,677 194
I 432,256 688 '
7,124,474 589! 6,129,358
1,61J 913,932
80 521,275
28,016,010 939 18,701,314 614 I 7,740,229 325 I 10,961,085
71• 9,314,696
1,421
1871 1,344,234
i• 390,314
953,920
x Professional, scientific, and controlling instruments; photographic and optical goods; watches and clocks.
810,464
384,405
302,250
56,645,214 3,533,253
990,443
1,5487706 3,560,448
1,765,421
5,326,835
5,312,502 1,391,053
107,683
2,354,650
5,978,364 2,243,121
8,269,483 12,014,588
5,143,756
6,378,009
1,517,158
731,506
15,760,488
4,131,973
1,602,112
1,090,738
1,102,745
272,243
4,610,325
4,512,865
2,950,352
5,159,317
1,005,580
10,793,416 108,754
45,986
940,758
484,765 462,039
8,626,482
7,223,456
1,266,860
I 586,671
35,340,812
24,269,992
9,415,783 14,854,209
11,070,820
1,421 i
I I, 641,600
469,519
1,172,081
Interest refund
l ar Ip ying Amount
2,279 $%2,625,292
192 651,438
26 104,255 47 180,699 76 247,843 32 62,544 ii 567097
2,053 11,845,179
48,281
32,027
7,879
6,737,619 430, 605
51,622
82, 554
400,134
152,576
554,307
69 417,288 26 178,974
5 7,057 38 173,787 82 382,264 86 212,444
190 i, 102,105 99 2,231,649 75 I, 380,970 21 847,491 19 247,819 21 112,434
314 i, 926, 299
69 299, 543
38 182,450 27 84,859
5 42,527 7 13,055
83 909, 336
81 906,936 85 394,529
82 369,937 20 34,679
203 671,146
3,924
2,478
39,647
30,701 18 30,279
150 550,334 130 478,047
18 70, 665
14 44,062
415 2,017,306 209 867,037 172 498,784
37 368,253 206 i, 150,269
1 6
34 128,675
9 ] 31,082 25 97, 593
17
TABLE 19.--Loans made in operating Federal credit unions during 1963, and current and delinquent loans out-
standing as of December 31, 1963, by State
Table 19.--Loans made in operating Federal credit unions during 1963, and current and delinquent loans outstanding as of Dec. 31, 1963, by State
State
TOTAL .......
Alabama ..........
Alaska ...........
Arizona ..........
Arkansas .........
California .......
Canal Zone .......
Colorado .........
Connecticut ......
Delaware .........
District of Col.-
Florida ..........
Georgia ..........
Guam .............
Hawaii ...........
Idaho ............
Illinois .........
Indiana ..........
Iowa .............
Kansas ...........
Kentucky .........
Louisiana ........
Maine ............
Maryland .........
Massachusetts ....
Michigan .........
Minnesota ........
Mississippi ......
Missouri .........
Montana ..........
Nebraska .........
Nevada ...........
New Hampshire ....
New Jersey .......
New Mexico .......
New York .........
North Carolina---
North Dakota .....
Ohio .............
Oklahoma .........
Oregon ...........
Pennsylvania .....
Puerto Rico ......
Rhode Island .....
South Carolina---
South Dakota .....
Tennessee ........
Texas ............
Utah .............
Vermont ..........
Virginia .........
Virgin Islands---
Washington .......
West Virginia ....
Wisconsin ........
Wyoming ..........
i Includes loans
Number
of
Federal
credit
unions
10,955
185
32
84
6%
l, 106
7
150
3O7
53
150
258
197
2
170
58
29•
389
7
81
81
334
128
154
310
#O6
45
103
48
lll
97
6O
28
467
57
93%
52
31
596
126
195
l, 078
42
21
79
96
195
835
95
2
183
3
174
129
4
62
less than
Loans made during 1963 Loans outstanding Dec. 31, 1963
Currentl Total
Number Amount
Number Amount
5,334,318 •4,017,102,279 3,726,386 $2,811,706,816
92,392 21,215 63,920 27,477
755,593
19,240 6%,656
171,%80 19,76•
168,03i',
191,996 124,728
728
93,%26 21,830
83,137 172,763
3,214 %2,027 26,998
120,462 53,72% 93,393
113,875 298,510
12,%75 52,%18 20,345 22,302 36,868
27,284 16,466
170,657 45,965
349,983
44,560 7,883
234,971 50,735 62,333
399,709 19,513
3,686 62,306 23,751
119,527 439,212
29,697 1,291
95,105
390
88,760 38,668
721
12,153
61•I09,059 14,795,532 55,472,193 18,618,552
611,996,135
5,641,978 58,413,839.
128,391,727 13,276,000
144,045,302
126,871,358 68,065,857
302,971 91,238,603 18,297,760
71,372,138 134,O76,795
2,729,531 38,446,023 15,585,708
83,061,991 39,449,592 56,682,253 71,29%,006
292,791,606
8,936,%76 30,449,025 14,059,328 17,263,773 28,851,448
23,814,790 10,652,250
110,946,652 40,547,551
269,039,090
16,794,958 5,94-4,108
180,085,499 42,968,7%5 53,624,884
282,316,542 8,529,575 2,168,066
26,349,842 20,643,385
83,311,469 317,450,047
28,507,671 570,677
57,31%,379
188,729 76,1%6,637 26,020,370
577,692 ii, 002,112
55,902 15,090 49•620 15,498
59%,980
8,657 47,224
118,204 16,659
141,044
137,906 70,897
566
64,713 15,158
5%,152 109,962
2,184 33,167 16,575
79,185 36,151 64,605 79,250
220,001
9,893 33,560 1%,143 17,107 27,032
19,742 11,978
123,820 30,089
257,19%
2%,588 5,88%
158,658 36,201 47,302
251,011 13,376
2,473 31,835 15,193
73,035 287,850
22,743 588
67,661
372
61,636 23,930
45%
9,688
Delinquent
Number
2 months delinquent.
197,267
38,529,655 3,143 1,328,684 10,426,648 631 262,189 40,715,560 i•692 912,3991
9,238,393 724 198,986 462,225,436 22,888 11,071,375
2,447,169 642 112,2%3 433187,643 2,302 1,553,601 88,905,843 6,478 2,900,670
9,595,340 705 324,103 107,015,546 7,656 3,539,437
88,953,416 5,701 2,501,482 %1,063,890 3,199 955,150
161,217 52 11,732 63,620,206 2,329 1,790,678 14,253,456 763 586,783
%3,517,6%2 4, 399 2,588,477 83,804,954 5,395 2,762,9%2
2,050,329 98 61,256 32,078,775 1,532 1,093,393
9,382,808 825 277,%11
55,632,489 3,928 1,737,868 26,610,696 1,835 977,273 38,539,059 3,046 1,141,641 48,592,429 6,758 2,661,98%
229,290,832 10,329 7,984,570
7,805,145 844 538,383 19,866,040 1,273 486,386
9,882,230 892 384,899 14,690,568 1,5%2 1,012,205 21,%09,930 1,531 922,047
17,397,668 1,059 569,681 7,508,687 489 176,881
79,556,85% 8,154 3,681,036 25,237,432 933 483,255
192,765,440 22,097 11,563,441
11,.131,152 725 191,638 4,460,996 278 167,028
124,033,228 10,190 5,685,598 30,913, 518 i, 274 68%,573 38,619,386 2,6%2 1,447,276
176,104,381 19,688 9,728,147 5,814,293 634 207,873 1,412,310 298 9%,729
1%,761,834 1,168 255,133 13,%80,693 827 542,737
50,757,421 2,757 1,085,865 211,421,697 11,416 5,042,233
20,612,210 1,636 1,193,100 360,987 13 6,901
39,011,137 3,%71 1,509,050
154,%25 130 37,051 57,004,678 2,526 1,441,08% 16,440,149 1,186 570,187
373,430 49 63,664 8,879,466 493 344,250
Amount Number Amount
$99,452,658 3,923,653 $2,911,159,474
59,045 15,721i 51,312 16,222
617,868
9,299 49,526
12%,682 17,36%
148,700
1%3,607 7%,096
618
67,042 15,921
58,551 115,357
2,282 34,699 17,%00
83,113 37,986 67,651 86,008•
230,330
10,737 3%,833 15,035 18,649 28,563
20,801 12,467
131,974 31,022
279,291
25,333 6,162
168,8%8 37,475 49,944
270,699 14,010
2,771 33,003 16,020
75,792 299,266
24,379 603
71,332
5O2
64,162 25,116
503
10.181
39,858,339 10,688,837 41,627,959
9,437,379 473,296,811
2,559,412 44, 741, 244
91, 806,513 9,919,443
110,554,983
91,%5%,898 42,019,040
172,949 65,410,884 14,8%0,239
46,106,119 86,567,896
2,111,585 33,172,168
9,660,219
57,370,357 27,587,969 39,680,700 51,25%,%13
237,275,402
8,343,528 20,352,426 10,267,129 15,702,773 22,331,977
17,967,349 7,685,568
83,237,890 25,720,687
20%,328,881
11,322,790 %,628,02%
129,718,826 31,598,091 40•066,662
185,832,528 6,022,166 1,507,039
15,016,967 14,023,430
51,843,286 216,463,930
21,805,310 367,888
40,520,187
191,476 58,445,762 17,010,336
437,094 9.223,716
� 18
/
0
P TABLE 20.--Loans made in operating Federal credit unions during 1963, and current and delinquent loans out-
standing as of December 31 1963, by type of membership
D
I
Table 20.--Loans made in operating Federal credit unions during 1963, and current and delinquent
type of membership
Lqype of membership
TOTAL .............................
ASSOCIATIONAL GROUPS--TOTAL- ........
Cooperatives ..........................
Fraternal and professional ............
Religious .............................
Labor unions ..........................
Other associational groups ............
OCCUPATIONAL GROUPS--TOTAL ..........
Agriculture ...........................
Mining ................................
Contract construction .................
Manufacturing .........................
Food and kindred products ...........
Textile mill products and apparel--- Lumber and wood products ............
Paper and allied products ...........
Printing and publishing .............
Chemicals and allied products .......
Petroleum refining and related
industries .........................
Rubber and plastics products ........
Leather and leather products ........
Stone, clay, and glass products .....
Primary metal industries ............
Fabricated metal products ...........
Machinery, incl. electrical
machinery ..........................
Transportation equipment ............
Motor vehicles and equipment ......
Aircraft and parts ............ ----
Instruments 2
........................
Other manufacturing .................
Transportation, communications, and utilities ........................
Railroad transportation .............
Bus transportation ..................
Motor freight trans, and warehousing Air transportation ..................
Other transportation ................
Communications ......................
Telephone .........................
Electric, gas, and sanitary services
Wholesale and retail trade ............
Finance, insurance, and real estate---
Services ..............................
Hotels and other lodging places .....
Personal services ...................
Miscellaneous business services .....
Medical and other health services---
Hospitals .........................
Educational services ................
Elementary and secondary schools--
Colleges and universities .........
Other services ......................
Government ............................
Federal government ..................
Civilian ..........................
Military ..........................
State and other government ..........
Other occupational groups .............
i RESIDENTIAL GROUPS--TOTAL .........
Urban community ....................... i
Rural con•unity .......................
Number
of
Federal
credit
unions
10,955
1,646
147
358
666
444
31
9,080.
41
51
28
4,179 455
178
162
279
221
320
303
107
48
212
344
358
697
320
219
78
75
IOC
1,043 291
157
llg
3]
28
198
171
219
533
135
1,287 49
31
63
255
246
794 683
105
95
1,780 980 640
340
800
3
229
61
168
Loans made during 1963
Number Amount
5,334,318 $4,017,102,279
271,371 231,879,600
50,729 54,840,459 45,752 52,649,370 79,052 60,927,027 83,567 51,283,209 12,271 12,179,535
5,018,069 3,744,161,835
18,259 18,443,988 16,397 11,545,430 11,586 8,208,016
2,260,814 1,706,381,203 145,983 104,903,530
80,279 37,497,937 57,975 33,885,826
144,377 126,394,838 66,050 49,706,029
180,905 156,791,291
123,622 122,751,938 49,429 41,847,915 13,800 4,595,039 92,378 66,831,936
241,468 182,195,832 110,678 69,799,888
370,916 256,807,976 491,881 388,872,731 218,085 183,457,452 251,702 191,701,986
54,216 41,334,607 36,857 22,163,890
547,567 477,007,555 132,393 109,767,555
71,128 58,088,316 58,537 44,176,523 42,189 31,862,724
7,252 6,169,258 156,029 154,349,107 151,169 151,021,570
80,039 72,594,072
217,390 153,966,050 36,405 27,400,868
388,417 291,277,938 11,917 4,456,636
7,899 2,275,112 32,189 25,610,012 55,871 20,810,749 54,265 19,884,162
255,959 221,917,103 199,793 182,459,105
52,565 36,588,204 24,582 16,208,326
1,520,988 1,049,854,947 1,111,021 709,306,302
326,617 250,3000,440 784,404 459,005,862 409,967 340,548,645
246 75,840
44,878 41,060,844
13,852 ii, 767,843 31,026 29,293,001
loans outstanding as of Dec. 31, 1963, by
Loans outstanding Dec. 31 1963
Current I
Delinquent
Number I Amount Number Amount
i
3.726.386•2,811,706,816 197,267 $99,452,658 l
239.3771 201,216,758 29,687 16,220,188 ]
43.3491 47,978,803 3,203 2,650,363 45.0951 50,870,584 5,779 4,408,296 72.696 I 53,078,137 10,410 5,152,087 65.698 l 38,152,383 9,184 3,374,769 12.5391 11,136,851 1,111 634,673
r
3.450.1911 2,576,271,166 164,034 81,060, 636
llol4•i 11,400,078 365 258,986 10.7631 7,624,561 968 605,756
7.4•21 5,416,065 367 12.5,149
1.436,0821 1,114,441,056 69,332 34,659,192 89.5611 67,736,852 5,091 2,416,310 39.5761 20,409,120 2,396 701,923 32.0921 23,694,535 2,180 858,042 88.4601 74,174,378 3,576 1,763,629 4•.2101 33,327,734 2,508 1,231,397
I16.5191 98,929,415 3,754 2,148,898
101.1491 91,975,459 4,656 3,112,429 32.566 I 27,518,723 2,295 1,364,976
6.J•l 2,790,119 554 140,580 57.1131 42,283,375 3,328 1,741,157
137.351 1 109,471,093 8,139 5,076,874 62.8011 41,015,595 4,020 1,643,661
234.818 i 171,355,840 33,136 5,688,022 331.9351 266,782,070 10,143 5,094,114 144o5851 127,809,319 5,333 3,238,635 173.4861 129,649,921 4,182 1,656,467
40.1281 28,339,44-4 2,157 1,112,853 22.444 l 14,637,304 1,399 564,327
19,045 11,186,081 8,502 5,453,987 2,554 1,501,310 1,705 76(3,139
661 314,322 189 125,729
2,928 1,595,735 2,713 1,513,148 2•506 1,434,859
7,80] 3,055,666 1,214 412,179
•'\15•54g 7,811,325 '• 643 135,123
186 34,474 1,008 431,007 2,09C 395,711
� 2,042 383,379 10,673 6,364,223
8,552 5,499,155 2,044 823,713
949 450,787
49,387 22,945,557 37,268 16,686,774 15,94A 8,088,366 21,324 8,598,408 12,119 6,258,783
745
3,54£ 2,171,834
1,0"7'7 639,048 2,469 1,532,786
383.7131 331,825,826 93.4531 77,099,849 42.6951 36,448,819
� 34.5211 26,178,993 28.5831 22,372,450
5.1231 4,564,482 115.1621 109,869,864 iii.5771 107,662,129
64.1761 55,291,369
144.8101 101,904,077 26.9871 20,509,798
292.6291 227,112,049 6.2881 2,278,825 2.8301 1,023,990
25.4311 19,072,691 30.5061 12,065,538 29.6471 11,442,356
212.4001 180,837,480 172.2511 151,933,024
37.5051 26,809,856 15.1741 11,833,525
1.136.4661 756,001,517 860.0161 530j567,789 260.5161 190,652,881 599.5001 339,914,908 276,4501 225,433,728
..... 36,139
36.8181 34,218,892 i
11.8251 10,067,045 24.9931 247151,847
Total
Number Amount
3,923,653 $2,911,159,474
269,064 217,436,946
46,552 50,629,166 50,874 55,278,880 83,106 58,230,224 74,882 41,527,152 13,650 11,771,524
3,614,225 2,657,331,802
11,508 11,659,064 11,731 8,230,317
7,819 5,541,214
1,505,414 1,149,100,248 94,652 70,153,162 41,972 21,111,043 34,272 24,552,577 92,036 75,938,007 45,724 34,559,131
120,273 101,078,313
105,805 95,087,888 34,861 28,883,699
6,907 2,930,699 60,441 44,024,532
145,490 114,547,967 66,821 42,659,256
247,954 177,043,862 342,078 271,876,184 149,918 131,047,954 177,668 131,306,388 42,285 29,452,297 23,843 15,201,631
402,758 343,011,907 101,955 82,553,836 45,249 37,950,129 36,226 26,939,132 29,244 22,686,772
5,312 4,690,211 118,090 111,465,599 114,290 109,175,277
66,682 56,726,228
152,611 104,959,743 28,201 20,921,977
308,178 234,923,374 6,931 2,413,948 3,016 1,058,464
26,439 19,503,698 32,596 12,461,249 31,689 11,825,735
223,073 187,201,703 180,803 157,432,179
39,549 27,633,569 16,123 12,284,312
1,185,853 778,947,074 897,284 547,254,563 276,460 198,741,247 620,824 348,513,316 288,569 231,692,511
152 36,884
40,364 36,390,726
12,902 10,706,093 27,462 25,684,633
i Includes loans less than 2 months delinquent.
2 Professional, scientific, and controlling instruments; photographic and optical goods; watches and clocks.
19
TABLE 21.--Loans made and loans charged of and recovered, in operating Federal credit unions, from date of organization through December 31, 1963, by State
Table 21.--Loans made and loans charged off and recovered, in operating Federal credit unions, from date of organization through Dec. 31, 1963, by State
State
TOTAL ........................
Alabama ...........................
Alaska ............................
Arizona ......................... •_
Arkansas ..........................
California ........................
Canal Zone ........................
Colorado ..........................
Connect icut .......................
Delaware ..........................
District of Columbia ..............
Florida ...........................
Georgia ...........................
Guam ..............................
Hawaii ............................
Idaho .............................
Illinois ..........................
Indiana ...........................
Iowa ..............................
Kansas ............................
Kentucky ..........................
Louisiana .........................
Maine .............................
Maryland ..........................
Massachusetts .....................
Michigan ..........................
Minnesota .........................
Mississippi .......................
Missouri ..........................
Montana ...........................
Nebraska ..........................
Nevada ............................
New Hampshire .....................
New Jersey ........................
New Mexico ........................
New York ...........................
North Carolina ....................
North Dakota ......................
Ohio ..............................
Oklahoma ...........................
Oregon .............................
Pennsylvania ......................
Puerto Rico .......................
Rhode Island ......................
South Carolina ....................
South Dakota ......................
Tennessee .........................
Texas .............................
Utah ..............................
Vermont ...........................
Virginia ..........................
Virgin Islands ....................
Washington ........................
West Virginia .....................
Wisconsin .........................
Wyoming ...........................
i Net amount of loans charged off
Number
of
Federal
credit
unions
10,955
185 822,634 32 172,906 84 524,952 64 268,569
1,106 7,288,587
7 135,650 150 582,557 307 2,685,989
53 119,523 ', 150 2,810,849
258 1,742,800 197 1,144,104
2 950
170 1,149,514 58 197,121
294 1,116,520 389 2,039,004
7 38,322 81 344,838 81 184,434
334 1,323,165 128 453,252 154 689,520 310 990,918 406 2,926,701
45 138,129 103 461,541
48 266,021 iii 222,277
97: 367,005
60 186,026 28 147,737
467 2,246,532
57 315,018 934 4,461,051
52 250,162 31 81,504
596 2,804,279 126 563,636 195 491,913
1,078 5,785,6681 42 137,498 2i 54,328 79 388,077 96 260,808
195 1,242,707 835 4,423,076
95 363,658 2 115,002
183 891,565
3 I 3,509 174 784,037 129 405,166
4 3,796 62 I 109,247
Loans from date of organization through December 31, 1963
Total loans made Loans charged off
Number Amount Gross
Recoveries Net amount amount
57,724,352 27,907,186,053 $74,539,478 $11,931,599 $62,607,879
359,301,714 86,951,926
348,404,808 86,993,815
4,006,955,239
563,084 251,831
1,137,692 160,971
12,336,627
78,450 24,778
138,213 16,379
1,471,812
484,634 227,053 999,479 144,592
I 10,864,815
26,469,620 377,590,596
1,064,705,926 66,365,847
948,553,612
846,461,226 428,379,152
371,933
20,139 1,400,768 !
2,282,256 121,037
2,811,547
1,467,497 767,158
2,473 211,177 445,680
16,897 558,977
184,798 106,733
17,666 1,189,591 1,836,576
104,140 2,252,570
1,282,699 660,425
737,421,2561 113,817,464
523,751,007 945,061,826
20,132,231 235,116,692
89,612,113
613,282,836 216.720,067 294,451,676 429,997.831
1,129,712 317,906
1,573,757 2,319,230
64,698 662,391 207,919
1,098,809 349,465
1,013,286 944,955
223,762 905,950 35,908 281,998
234,975 1,338,782 504,831 1,814,399
15,011 49,687 93,957 568,434 39,068 168,851
119,104 979,705 44,870 304,595
126,927 886,359 97,738 847,217
1,973,560,418
72,375:730 181,875,638 147,845,475 124,365,522 210,424,241
126,492,266 57,388,409
986,762,149 219,711,066
2,041,381,386
87,574,237 38,978,287
1,486,420,751 312,688,443 306,830,668
2,231,076,384 51,079,737 20,909,645
115,209,526 128,798,303
566,849,349 2,245,776,991
189,381,235 11,943,587
370,102,242
1,190,631 500,008,969 158,441,994
2,001,235 72,871,126
8,685,047
381,266 296,524 442,097 548,609 940,257
560,407 153,518
2,484,901 405,567
4,248,765
191,441 126,860
5,060,382 767,207 840,152
6,290,737 117,871
36,071 206,187 399,838
880,339 4,167,993
447,738 18,169
1,052,293
5,133 1,458,875
293,717 3,161
225,621
1,423,806
67,221 45,410 63,278 84,538
161,867
35,675 17,022
542,651 50,154
650,759
25,826 17,668!
1,157,473 103,733
97,531
1,412,220 26,974
3,000 25,182 53,955
145,321 431,580
49,041 3,259
151,334
2,360 204,134
59,115 1,069
25,925
7,261,241
314,045 251.114
378,819 464,071 778,390
324,732 136,496
1,942,250 355,413
3,598,006
165,615 109,192
3,902,909 663,474 742.621
4,878,517 90,897 33,071
181,005 345,883
735,018 3,736,413
398,697 14,910
900,959
2,773 1,254,741
234,602 2,092
199,696
Loss ratio I
as percent of total loans made since organization.
2O
0.22
.13
.26
.28
.16
.27
.06
.31
.17
.15
.23
.15
.15
0
.12
.24
.25
.19
.24
.24
.18
.15
.14
.30
.19
.36
.43
.13
.25
.37
.36
.25
.23
.19
.16
.17
.18
.28
.26
.21
� 24
.21
� 17
.15
.15
� 26
.12
.16
.21
.12
� 24
.23
.25
.14
.I0
.27
O TABLE 22.--Loans made and loans charged o[f and recovered, in operating Federal credit unions, from date o/
organization through December 31, 1963, by the type of membership
Table 22.--Loans made and loans charged off and recovered, in operating Federal credit unions, from date of organization
through Dec. 31, 1963, by type of membership
O
Type of membership
TOTAL ................................
ASSOCIATIONAL GROUPS--TOTAL ............
3ooperatives ..............................
•raternal and professional ................
Religious .................................
Labor unions ..............................
Other associational groups ................
OCCUPATIONAL GROUPS--TOTAL ..............
Agriculture ...............................
Mining ....................................
Contract construction ...... r
..............
Manufacturing .............................
Food and kindred products ...............
Textile mill products and apparel .......
Lumber and wood products ................
Paper and allied products ...............
Printing and publishing .................
Chemicals and allied products ...........
Petroleum refining and related
industries ............................
Rubber and plastics products ............
Leather and leather products ............
Stone, clay, and glass products .........
Primary metal industries ................
Fabricated metal products ...............
Machinery, incl. electrical machinery--- Transportation equipment
Motor vehicles and equipment ..........
Aircraft and parts ....................
InstruJnents 2
............................
Other manufacturing .....................
Transportation• communications, and
utilities ................................
Railroad transportation .................
Bus transportation ......................
Motor freight trans, and warehousing ....
Air transportation ......................
Other transportation ....................
Conm•nications ..........................
Telephone .............................
Electric, gas, and sanitary services ....
Wholesale and retail trade ................
Finance, insurance, and real estate .......
Services ..................................
Hotels and other lodging places .........
Personal services .......................
•iiscellaneous business services .........
Medical and other health services .......
Hospitals .............................
Educational services ....................
Elementary and secondary schools ......
Colleges and universities .............
Other services ..........................
Government ................................
Federal government ......................
Civilian ..............................
Military ..............................
State and other government ..............
Other occupational groups .................
RESIDENTIAL GROUPS--TOTAL .............
Urban community ...........................
Rural community ...........................
•mbsr
of
Federal
credit
unions
i0, 955
I, 646
147
358
666
444
31
9,080
41
51
28
4,179 455
178
162
279
22]
320
303
107
48
212
344
358
697
320
219
78
75
i00
1,043 291
157
119
31
28
198
171
219
533
135
i, 287
49
31
63
255
246
794
683
105
95
1,780 980
640
340
800
3
229
61
168
Loans from date of organization through December 31, 1963
l Total loans made Loans charged off
Loss
Gross Net ratio l
Number Amount Recoveries amount 8Jnount
57,724,352 $27,907,186,053 $74,539,478 $11,931,599 i$62,607,879 0.22
2,609,135 1,659,215,695 6,742,501 1,135,222 5,607,279 .34
450,690 337,033,402 1,190,464 163,003 1,027,461 .30
549,978 465,410,187 1,454,336 228,281 1,226,055 .26
745,500 441,125,017 2,074,544 392,721 1,68i, 823 .38
741,925 330,729,069 1,648,879 281,129 1,367,750 .41
121,042 84,918,020 374,278 70,088 304,190 .36
54,696,999 25,955,839,758 66,776,096 10,663,758 56,112,338 .22
304,357 145,870 140,132
26,605,845 1,830,278 i•050,422
600,483 1,764,453
835,067 2,061,252
2,261,910 463,159 111,806
1,128,943 3,066,233 1,347,555 4,242,866 4,663,991 1,865,300 2,568,193
670,744 506,683
7,175,024 2,106,071 1,092,563
467,491 381,293
82,480 1,953,041 1,893,910 1,092,085
3,543,729 399,116
2,856,708 173,121
84,180 217,616 269,697 259,676
1,838,036 1,444,242
356,902 274,058
13,524,366 9,459,505 3,961,022 5,498,483 4,064,861
1,852
170,473,857 1 76,313,979 63,236,001
12,580,437,699 846,346,875 276,065,230 253,885,788 875,515,130 418,125,020
i, 086,716,172
1,240,346,394 260,583,235
32,798,590 518,399,706
1,396,670,596 573,344, 503
1,896,934,476 2,426,254,225 1,113,124,873 1,228,067,361
302,200,855 176,250,904
3,785,153,636 1,015,189,441
464,643,556 242,988,606 204,817,119
51,881,037 1,208,745,287 1,188,169,759
596,888,590
1,132,696,282 206,717,977
1,684,499,156 38,065,329 17,080,328
132,649,730 88,580,433 84,738,840
1,270,910,509 1,063,554,593
186,902,124 137,212,827
6,255,780,241
3,995,962,234 i, 775,413,709 2,220,548,525 2,259,818,007
530,930
156,150 267,345 113,640
32,340,679 2,276,531
688,417 721,866
1,257,528 791,951
1,622,921
2,169,221 860,493
86,458 1,415,907 3,001,309 2,006,473 5,823,961 8,228,888
4,790,360 3,221,297
719,774 668,981
9,475,588 3,417,819 1,469,968
640,219 534,853 104,949
2,218,634 2,157,618 1,089,146
4,333,446 415,714
3,620,503 194,488
66,562 361,349 317,286 304,404
2,344,275 1,897,479
396,934 336,543
16,051,750
12,575,224 5,227,850 7,347,374 3,476,526
1,281
40,143 24,835 18,673
5,625,803 329,998 108,590
76,013 156,204 128, 197
279,541
322,416 160,935
14,388 267,209 597,584 350,592
1,174,896 1,383,615
853,025 496,679 149,895 125,730
i, 595,424 605,454 282,027
86,369 72,621 ii, 979
362,027 350,137 174,947
642,763 62,293
506,608 33•522
5,242 57,664 35,797 35,112
325,262 272,024
47,123 49,121
2,147,216
1,667,713 798,757 868,956 479,503
116,007 242, 510
94,967
26,714,876 1,946,533
579,827 645,853
1,101,324 663,754
1,343,380
1,846,805 699,558
72,070 1,148,698 2,403,725 1,655,881 4,649,065 6,845,273 3,937,335 2,724, 618
569,879 543,251
7,880,164 2,812,365 1,187,941
553,850 462,232
92,970 1,856,607 1,807,481
914,199
3,690,683 353,421
3,113,895 160,966
61,320 303,685 281,489 269•292
2,019,013 1,625,455
349,811 287,422
13,904,534
10,907,511 4,429,093 6,478,418 2,997,023
1,281
.07
.32
.15
� 21
.23
.21
.25
.13
� 16
.12
.15
.27
.22
.22
.17
.29
.25
.28
.35
� 22
.19
.31
.21
.28
� 26
� 23
.23
.18
.15
� 15
� 15
.33
.17
.18
.42
.36
.23
.32
.32
� 16
.15
.19
� 21
.22
.27
.25
.29
.13
� 24
418,218 292,130,600 1,020,881 132,619 888,262 .30
124,432 79,035,503 293,975 41,639 252,336 .32
293,786 213,095,097 726,906 90,980 635,926 .30
@ Net amount of loans charged off as percent of total loans made since organization. 2
Professional, scientific, and controlling instruments; photographic and optical goods; watches and clocks.
21
TABLE 23.--Federal credit union charters issued, canceled, and outstanding December 31 1962, and December 31, [ 1963, by State •.
Table 23.--Federal credit union charters issued, canceled, and outstanding Dec. :31, 1962, and Dec. 31, 1963, by State
State
Charters of Federal credit unions
As of December 31, 1962 During 1963 Outstanding as of
Dee. 31, 1963
Held by Net Out-
:Issued transfers
Canceled standing
Issued Canceled Totall inactive
credit
unions
....... 4,274 11.090 622 312 11,407 452 10,955
-i 46 189 I0 9 190 5 185 ....... 6 32 2 1 33 1 32 ....... 21 83 6 3 86 2 84
1 28 64 3 ....... 67 3 64 -I 370 1,125 68 41 1,153 47 1,106
.............. 7 ............ 7 ....... 7 -i %8 153 8 % 156 6 150
....... 122 310 12 6 316 9 307
....... 15 44 II ....... 55 2 53 -8 66 ]A8 5 2 151 1 150
....... 95 27% 8 7 275 17 258 -1 70 197 ii 6 202 5 197
.............. 5 ..... 1 4 2 2 ....... 33 172 % 2 174 4 170 ....... 27 58 2 ....... 60 2 58
-i 82 270 52 iO 312 18 294 -i 144 388 31 II 407 18 389
....... 1 6 1 ....... 7 ....... 7 ....... 33 83 ..... 2 81 ....... 81
2 26 82 5 1 86 5 81
-3 123 331 29 9 350 16 334 ....... 49 120 14 3 131 3 128
6 52 160 9 6 163 9 154 -I 87 322 13 i0 325 15 310
i 172 421 i0 8 423 17 406
....... 29 44 2 I 45 ....... 45
....... 35 99 9 1 107 % 103 ....... 25 47 3 1 49 1 48
-2 37 112 5 3 i14 3 III 2 18 97 2 2 97 ....... 97
....... I0 60 i i 60 ....... 60
....... 6 25 3 ....... 28 ....... 28 2 198 493 13' 21 485 18 %67 1 17 56 6 3 59 2 57
-3 605 984 43 40 987 53 934
-I 23 51 5 1 55 • 52 ....... 28 32 2 2 32 1 31
-I 248 596 40 18 619 23 596 -2 36 124 7 I 131 5 126
2 61 195 12 5 202 7 195
-% 400 I,i01 50 19 1,132 54 1,078 ....... 14 40 % 1 43 1 42
1 I% 19 5 2 22 i 21 2 56 78 5 1 82 3 79
-i 35 103 2 % I01 5 96
-3 I00 202 5 4 203 8 195 7 325 850 45 23 872 37 835 1 19 9• 7 3 98 3 95
....... % 3 ............ 3 1 2 6 83 175 16 % 187 % 183
....... % 3 ............ 3 ...... 3
....... 55 176 7 % 179 5 174 1 52 128 7 3 132 3 129
....... 5 • ............ % ...... %
....... 16 62 2 2 62 ...... 62
Held by operating
credit
unions
Total ................................ 15,371
Alabama ................................... 236 Alaska .................................... 38 Arizona ........................... L ....... I04 Arkansas ................................. 91
California ................................ 1,496
Canal Zone ................................ 7
Colorado .................................. 202 Connecticut ........................
• ...... 432
Delaware ............................ ÷ ..... 59
District of Columbia ................ -• .... 222
Florida ................................... 369
Georgia ................................... 268 Guam ...................................... 5 Hawaii .................................... 205
Idaho ..................................... 85
Illinois .................................. 353 Indiana ................................... 533 Iowa ...................................... 7 Kansas .................................... 116
Kentucky .................................. 106
Louisiana ................................. 457 Maine ..................................... 169
Maryland .................................. 206
Massachusetts ............................. 410 Michigan .................................. 592
Minnesota ................................. 73 Mississippi ............................... 134 Missouri .................................. 72 Montana ................................... 151 Nebraska .................................. 113
Nevada .................................... 70
New Hampshire ............................. 31 New Jersey ................................ 689 New Mexico ................................ 72 New York .................................. 1,592
North Carolina ............................ 75 North Dakota .............................. 60 Ohio ...................................... 845 Oklahoma .................................. 162
Oregon .................................... 254
Pennsylvania .............................. 1,505 Puerto Rico ............................... 54 Rhode Island .............................. 32 South Carolina ............................ 132 South Dakota .............................. 139
Tennessee ................................. 305 Texas ..................................... 1,168 Utah ...................................... 112 Vermont ................................... 7
Virginia .................................. 252
Virgin Islands ............................ 7
Washington ................................ 231 West Virginia ............................. 179 Wisconsin ................................. 9
Wyoming ................................... 78
I Adjusted to reflect transfers during 1963, as follows: i each from Colorado to California. Indiana to Ohio, Louisiana to Texas. New Jersey to New York, New York to New Jersey and Texas to Oklahoma.
22
0
D TABLE 24.--Federal credit union charters issued, canceled, and outstanding December 31, 1962, and December 31,
1963, by type of membership
Table 24.--Federal credit union charters issued, canceled, and outstanding Dec. 31, 1962 and Dee. 313 1963, by type of membership
D
D
Type of membership
Issued
Charters of Federal credit unions
As of Dec. 31, 1962 During 1963 Outstanding as of
Dee. 31, 1963
Held by Held by inactive operating Net
Canceled Outstanding Issued Canceled Total l credit credit transfers unions unions
TOTAL-
ASSOCIATIONAL GROUPS--TOTAL ..........
Cooperatives. Fraternal and professional Relig" Labor
Other associational groul
OCCUPATIONAL GROUPS--TOTAL.
Agricultu Minlng Contract construction
Manufacturing, Food and kindred products Textile mill products and apparel .......
Lumber and wood products Paper and allied products Printing and publishing Chemicals and allied products. Petroleum refining and related
industri¢
Rubber and plastics products Leather and leather products
Stone, clay, and glass products ...... r--
Primary metal industries
Fabricated metal products Machinery, incl. electrical machinery---
Transportation Motor vehicles and equipment ..........
Aircraft and parts Instruments •
............................
Other manufacturing .....................
Transportation, communications, and
utilities
Railroad transportation- Bus transportation Motor freight trans, and warehousing ....
Air transportation Other transportation Conmmnicatlons
Telephone Electric, gas, and sanitary services ....
Wholesale and retail trade
Finance, insurance, and real estate .......
Hotels and other lodging places .........
Personal services
Miscellaneous business servi
Medical and other health services .......
Hospitals Educational servi
Elementary and secondary schools ......
Colleges and universities
Other services.
Government
Federal government Civilian
Military State and other government
Other occupational groups
RESIDENTIAL GROUPS--TOTAL
Urban
Rural
15,371 ........ 4,274 i1,097 622 312 ii,407, 452 10,955
2,625 -i 906 1,718 122 83 1,752! 106 1,646
278 ........ 126 152 7 3 154 7 147
642 1 252 391 13 23 379 21 358
875 ........ 212 663 58 25 696 30 666
780 -2 299 479 43 31 490 46 444
50 I ........ 17 33 1 1 33 2 31
12,344 i -i 3,189 9,154 482 220 9,417 337 9.,080
43- ....... 1 42 ............... 42 1 41
61 -I 13 47 6 ........ •2 1 •I
43i -2 13 28 3 1 30 2 28
6,049 4 1,765 4,288 237 131 4,390 211 43179 704 1 233 472 17 19 469 14 455
380 ........ 195 185 12 i0 188 I0 178
283 ........ 109 174 ii 4 179 17 162
336 -i 58 277 15 6 284 5 279
290 -i 69 220 3-1 5 227 6 221
397 1 70 328 12 1 337 17 320
495 -i 141 313 6 ll 309 6 303
3-32 ........ 29 103 13 3 113 6 107
74 -i 28 45 6 1 50 2 48
251 ........ 42 209 13 4 220 8 212
470 3 I12 361 15 12 368 24 344
549 1 175 375 26 i0 385 27 358
961 ........ 249 712 53 25 738 41 -697
532 1 193 340 15 16 340 20 320
354 -2 122 230 11 8 230 ll 219
140 -i 55 84 4 7 85 7 78
102 ........ 26 76 6 2 80 5 75
133 1 36 98 6 2 103 3 lO0
1,377 1 299 1,079 16 23 1,072 29 1,043 401 ........ 96 305 ...... 5 301 lO 291
237 -3 66 168 i 5 162 5 157
171 1 44 128 4 6 126 7 i19
55 ........ 22 33 2 1 33 2 31
31 2 6 27 2 1 28 ........ 28 220 ........ 26 194 5 1 199 1 198
183 ........ 15 168 3 ........ 172 1 171
262 i 39 224 2 4 223 4 219
775 -3 232 540 33 21 558 29 533
169 1 45 125 13 ", 2 137 2 135
1,628 -3 362 1,263 90 24 1,326 39 1,287 133 ........ 78 55 3 6 52 3 49
79 ........ 42 37 1 3 36 5 31
79 -2 12 65 4 3 67 4 63
253 -i 17 235 27 1 260 5 255
245 -2 16 227 26 1 251 5 246
945 ........ 173 772 52 3-I 813 19 794
809 -i 146 662 47 7 701 18 683
129 1 26 104 5 3 106 1 105
139 ........ 40 99 3 ........ 98 3 95
2,192 2 453 1,741 82 17 1,807 27 1,780 1,312 I 336 977 29 ii 994 14 980
886 -3 255 628 22 6 643 3 640
426 4 81 349 7 5 351• 11 340
880 1 117 764 53 6 813 13 800
7 ........ 61 1 2 1 31 ........ 3
402 2 179 225 18 9 238 9 229
3-15 -3 53 ! 59 4 1 65 4 61
287 5 126 166 14 8 173 5 168
i Adjusted to reflect changes in type-of-membership classifications during 1963.
2 Professional, scientific, and controlling instruments; photographic and optical goods; watches and clocks.
23
TABLE 25.--Selected ratios pertaining to Federal credit union operations, by State, 1963
Table 25.--Selected ratios pertaining to Federal credit union operations, by State, 1963
Ratio (percent) of--
State
TOTAL ................
Alabama ...................
Alaska ....................
Ari zona ...................
Arkansas ..................
California ................
Canal Zone ................
Colorado ..................
Collnecticut ...............
Delaware ..................
District of Columbia ......
Florida ...................
Georgia ...................
Guam ......................
Hawaii ....................
Id•lo .....................
Illinois ..................
Indiana ...................
Iowa ......................
Kansas ....................
Kentucky ..................
Louisiana .................
Maine .....................
Maryland ..................
Massachusetts .............
Michigan ..................
•nnesota .................
•ssissippi ...............
Missoumi ..................
Montana ...................
Nebraska ..................
Nevada ....................
New Hampshire .............
New Jersey ................
New Mexico ................
New York ..................
North Carolina ............
North Dakota ..............
Ohio ......................
0k!•loma ..................
Oregon ....................
Pennsylvania ..............
Puerto Rico ...............
Fd]ode Island ..............
South Carolina ............
South Dakota ..............
Tennessee .................
Texas .....................
Utah ......................
Vermont ...................
Virginia ..................
Virgin Islands ............ |
Washington ................
J West Virginia .............
Wisconsin .................
Wyoming ...................
24
Total Total
salaries
Ito gross income !income
39.1
37.9
44.4
41.7
40.5
38.2
37.3
39.7
40.7
39.6
40.6
40.3
35.8
52.7
32.5
41.2
38.9
35.4
42.8
38.4
42.6
35.3
42. i
43.1
41.1
46.2
42.0
40.5
38.3
45.8
37.8
41.9
36.9
38.9
35 .i
36.4
40.0
41.2
39.0
40.3
42.1
40.7
40.7
31.7
38.0
37.7
33.1
37.0
39.4
36.7
37.2
51.2
39.1
35.8 1 44.1
39.3 i
16.9
15.7
14.7
16.6
14.3
17 � 6
15.4
17.2
18.9
17.6
17.3
16.9
15.7
16.2
17.8
16.3
20.2
14.9
16.5
17.5
14.7
21.3
17.6
16.6
17.3
16.3
15.8
20.2
i0.6
18.0
14.7
14.2
16.5
15.4
15.0
18.3
33.7
16.0
13.0
16.4
17.0
Amount of
delinquent loans to
total loaru•
outstanding
3.4 84.3
3.3 94.1
2.5 94.5
2.2 96.5
2.1 92.8
2.3 88.7
4.4 66.9
3.5 89.8
3.2 66.7
3.3 93.3
3.2 90.1
2.7 93.0
2.3 90.4
6.8 104.5
2.7 72.2
4.0 95.5
5.6 75.6
3.2 70.0
2.9 69.5
3.3 90.7
2.9 82.2
3.0 83.6
3.5 86.0
2.9 91.6
5.2 78.1
Loans
outstanding to shares
Loans Total
outstanding reserves
to assets to
shares
74.3 6.0
80.1
83.5
86.2
81.9
78.7
59.5
79.4
59.7
82.6
80.7
81.4
79.7
97.3
64.3
83.9
67.8
62.2
63.9
80.9
73.5
73.1
74.5
81.5
69.6
3.4
6.5
2.4
3.7
6.4
4.1
3.2
2.3
4.4
1.9
5.7
1.7
3.6
4.4
2.2
3.6
5.2
3.5
6.3
1.7
3.9
2.1
2.3
5.5
1.9
3.7
19.4
2.5
3.4
14.6
3.7
88.4
86.4
97.5
75.5
89.1
83.8
99.1
88.0
71.1
92.7
80.1
89.3
86.4
78.2
93.7
92.7
78.0
94.6
53.6
94.5
86.8
82.9
91.4
94.9
67.1
87.5
105.1
86.7
90.8
87.9
86,8
78.0
77.0
84.5
67.7
75.7
73.7
85.8
76.3
62.5
80.6
70.8
79.9
78.1
69.5
82.2
81.2
67.5
82.1
48.0
85.2
76.3
72.8
79.3
84.0
54.8
76.0
84.3
76.6
75.8
78.4
76.4
5.2
6.8
5.4
4.7
5.2
5.2
5.9
7.0
5.2
6.2
5.6
4.7
4.8
7.6
5.5
6.5
5.3
5.1
6.3
6.7
5.0
6.8
6.3
7.1
4.2
5.6
6.9
7.0
5.6
7.8
6.4
13.4
5.6
10.3
5.4
5.7
Total
reserves
to loans
outstanding
Total
reserves to
delinquent loans
Actual to
potential
membership
7.1 209.0 56.6
7.6
4.1
5.1
5.1
5.6
10.9
5.9
8.2
5.0
6.3
8.2
7.2
1.3
9.3
6.1
8.6
9.0
6.3
5.4
6.3
8.1
6.3
5.1
6.7
5.9
6.8
7.2
6.9
659
6.7
4.8
5.5
i0.7
6.0
8.2
229.0
167.0
233.7
244.0
239.9
248. i
170.0
261. I
154.2
197.8
301.1
318.9
18.6
338.4
153.3
153.4
280.6
215.9
164.4
218.9
267.7
178.2
178.7
128.5
176.4
104.9
300.5
184.0
107.5
163.2
151. i
239.0
241.7
318.4
144.4
353.9
162.5
184.8
330.5
148.9
166.1
6.0
5.9
8.1
7.2
5.4
8.7
69.1
60.4
57.4
65.9
58.7
60.9
59.8
70.2
52.3
47.0
65.8
63.2
20.0
58.2
64.1
52.6
60.3
84.8
51.9
38.3
54.5
47.9
52.7
50.7
62.3
30.4
60.0
61.8
50.1
50.5
59.1
57.3
55.5
60.3
48.7
32.8
49.7
53.6
67.9
55.7
55.4 6.7
13.3
4.5
6.4
8.3
7.7
5.9
11.6
7.3
12.8
6.5
II .4
6.1
6.5
194.0
211.1
263.0
165.5
395.3
328.6
108.1
620.5
197.2
65.9
264.0
339.2
42.1
174.5
67.7
75.8
60.5
54.4
68.7
60.6
65.0
89.1
49.2
32.5
68.4
56.1
57.0
58.2
(
O %_
TABLE 26.--Selected averages pertaining to Federal credit union operations, by State, 1963
Table 26.--Selected averages pertaining to Federal credit union operations by State, 1963
D
State
TOTAL- ..............
Alabama ..................
Alaska ...................
Arizona ..................
Arkansas .................
California ...............
Canal Zone ...............
Colorado .................
Connecticut ..............
Delaware .................
District of Columbia .....
Florida ..... • ............
Georgia ..................
Gus/• .....................
Hawaii ...................
Idaho ....................
Illinois .................
Indiana ..................
Iowa .....................
Kansas .......... "
.........
Kentucky .................
Louisiana ................
Maine
Maryland .................
Massachusetts ............
Michigan .................
Minnesota ................
Mississippi ..............
Missouri ....... u .........
Montana ..................
Nebraska .................
Nevada ...................
New Hampshire ............
New Jersey ...............
New Mexico ...............
New York .................
North Carolina ...........
North Dakota .............
Ohio .....................
Oklahoma .................
Oregon ...................
Pennsylvania .............
Puerto Rico ..............
Hhode Island .............
South Carolina ...........
South Dakota .............
Tennessee ................
Texas ....................
Utah .....................
Vermont ..................
Virginia .................
Virgin Islands ...........
Washington ...............
West Virginia ............
Wisconsin ................
Wyoming ..................
Average assets
per credit union
Amount
$357,512
269, iii
400,127 574,661 180,051 543,666
614,432 375,852 500,792 226,671 913,355
435,595 267,562
88,915 598,783 304,995
231,292 357,694 472,380 506,412 162,185
234,960 289,177 316,280 237,400 749,732
240, 919
233,880 316,131 186,829 312,243
349,043 359,804 285,287
•60,0•I 308,910
272,513 191, ll6
313,063 305,001 253,133
255,351 174,654 149,569 223,102 191,371
365,062 327,073 273,350 335,846 291,178
75,682 438,608 174,015 139,352
194,754
Relative to
national
average
I00
75
112
161
50
152
172
105
140
63
255
122
75
25
167
85
65
i00
132
142
45
66
81
88
66
210
67
65
88
52
87
98
I01
8O
157
86
76 53
88
85
71
71
49
42
62
54
102
91
76
94
81
21
123
49
,39
54
Average membership
per credit union
Relative to
Number national
average
685 i00
567 83
862 126
1,036 151
449 66
918 134
2,149 I 314
695 i01
771 ll3
575 84
1,862 272
936 i 137
638 I 93
699 102
776 113
568 83
454 66
601 88
695 i01
862 126
439 64
474: 69
591 86
800 117
538 79
1,227 179
570 83
564 82
636 93
399 58
625 91
646 94
840 123
591 86
938 137
624 91
859 125
427 62
629 92
570 83
501 73
547 80
467 68
308 45
7Z7 109
394 58
642 94
634 93
475 69
676 99
717 105
494 72
700 102
369 54
324 47
373 54 i
Average shares
per member
Relative to
Amount national
avcragc
$460 lO0
404 88
410 89
496 108
354 77
525 114
254 55
478 104
581 126
349 76
439 95
407 88
369 80
118 26
686 149
472 103
457 99
529 ll5
625 136
524 114
331 72
433 94
424 92
352 77
394 86
539 117
377 82
359 78
446 97
398 87
439 95
467 102
376 82
424 92
519 113
438 95
284 62. 405 88',
4.42 96
470 102
Z•43 96
4O4 88
325 71
434 94
269 ,
58
428 '
93
499 108
7.47 97
509 iii
406 88
353 77
123 27
553 120
394 86
384 83
460 I00
Average size of
loans made daring 1963
Average size of
loans outstanding as of Dec. 31, 1963
Amount
Relative to
national
average
$753 I00
661 88
697 93
868 115
678 90
810 108
293 39
903 120
749 99
672 89
857 114
661 88
546 73
416 55
977 130
838 IIi
858 114
776 103
849 113
915 122
577 77
690 92
734 97
607 81
626 83
981 130
716 95
581 77
691 92
774 103
783 104
873 116
647 86
650 86
882 117
766 102
377 50
754 1O0
766 102
847 112
860 114
706 94
437 58
588 78
423 56
869 115
697 93
723 96
960 I01
442 59
603 80
484 64
858 114
673 89
801 106
905 120
Amount
$742
675
68O
811
582
766
275
9O3
736
571
743
637
567
28O
976
932
787
750
925
956
555
69O
726
587
596
I, 030
777
584
683
842
782
864
616
631
829
732
447
751
768
843
802
686
430
544
455
875
684
723
894
610
570
381
911
677
869
906
Relative to
national
svcragc
I I00
l 91
92
109
78
103
37
122
99
77
i00
86
76
38
132
126
106
I01
125
129
75
93
98
79
8O
139
105
79
92
113
105
116
83
85
112
99
60
I01
I04
114
I08
92
58
73
61
118
92
97
120
82
77
51
123
91
117
122
25
TABLE 27.--Selected ratios pertaining to Federal credit union operations, by type of membership, 1963
Table 27.--Selected ratios pertaining to Federal credit union operations, by type of membership, 1963
Type of membership
TOTAL .........................
ASSOCIATIONAL GROUPS--TOTAL ........
Cooperatives ............................
Fraternal and professional ..............
Religious ...............................
Labor unions ............................
Other associational groups ..............
OCCUPATIONAL GROUPS--TOTAL .........
Agriculture .............................
Mining ..................................
Contract construction ...................
Manufacturing ...........................
Food and kindred products .............
Textile mill products and apparel .....
Lumber and wood products ..............
Paper and allied products .............
Printing and publishing ...............
Chemicals and allied products .........
Petroleum refinir• and related
industries ..........................
Rubber and plastics products ..........
Leather and leather products ..........
Stone, clay, and glass prodnets .......
Primary metal industries ..............
Fabricated metal produets .............
Machinery, incl. electrical mae/llnery- Transportation equipment ..............
Motor vehicles and equipment ........
Aircraft and parts ..................
Instruments I ..........................
Other manufacturing ...................
Transportation, co•mmications, and
utilities .............................
Raili-oad transportation ...............
Bus transportation ....................
Motor freight trans, and warehousing-- Air transportation ....................
Other transportation ..................
Communications ........................
Telephone ...........................
Electric, gas, and sanitary services--
Wholesale and retail trade ..............
Finance, insurance, and real estate .....
Services
Hotels and other lodging places .......
Personal services .....................
Miscellaneous business services .......
Medical and other health services .....
Hospitals ...........................
Educational services ..................
Elementary and secondary schools ....
Colleges and universities ...........
Other services ........................
Government ..............................
Federal government ....................
Civilian ............................
Military ............................
State and other government ............
Other occupational groups ...............
RESIDENTIAL GROUPS--TOTAL ..........
Urban community .........................
Rural community .........................
Total Total Amount of
expenses salaries delinquent
loans to to gross to gross total loan
income i income outstanding
39.1 16.9 3.4
43-8 15.8 7.5
42.3 14.8 5.2
41.0 17..2 8.0 44.6 16.6 8.8 47.2 17.5 8.1 47.1 16.8 5.4
38.7 17.0 3 .i
29.2 9.7 2.2
42.0 17.0 7.4 35.2 15.7 2.3
, 38.0 16.3 3.0
37-6 15.9 3 -4
39.2 17.6 3.3
42.?+ 16.4 3.5
37.9 15.2 2.3
37.7 17.1 3.6
33.7 33.9 2.1
33.4 15.6 3.3
36.9 14.6 4.7 46.2 19.4 4.5 32.9 14.0 4.0
37.5 14.8 4.%
39.5 16.3 3.9
39-7 16.7 3.2
40.5 18.2 1.9
46.1 17.8 2.5
35.1 18-6 1.3
38.9 18.4 3.8 40.5 18.0 3.7
40.5 16.7 3.3
42.7 17.2 6.6
44.3 16.7 4.0 39.8 15.3 2.8 36.2 17.8 1.4
28.3 8.9 2.7 42.3 17.7 1.4
42.3 17.7 1.4
34.1 1%.6 2.5
37.1 17.8 2.9
30.1 11.3 2.0
37.?* 16.0 3.3
51.2 21.6 5.6
44.8 17.8 3.3
30.4 12..3 2.2
45.6 19.2 3.2 45-5 19.0 3.2
37.1 15.7 3 -4
37.4 15.5 3.5
36.1 17-1 3.0
39.7 17.9 3.7
39.8 18.6 2.9
40.7 19.8 3.0
39.1 18.9 4.1 41.7 20.3 2.5 37-5 15-8 2.7 41.8 20.1 2.0
44.4 17.8 6.0
48.3 18.8 6.0
42.6 17.4 6.0
Loans
outstanding
Ratio (percent) of--
Loans Total
outstanding reserves
to assets to shares to shares
84.3 74.3 6.0
85.0 75.2 5.8
97.3 85-2 5.4 5.6
80.2 71.2 6.8 8.4 76 ,i 67.8 5.6 7.3
90.2 79.4 5.2 5.7 96.9 83.7 5.2 5-4
8?*.3 74.3 6.0 7.2
56-3 49.9 7.8 i3.9 87.0 74.8 7.2 8.3 77.6 69.6 5.9 7.6
78-9 69.5 6-3 8.0 78.6 69.2 6.3 8.0 79.1 69.7 6 .i 7.7
85.6 74.3 6.8 8.0 88.3 76.4 7.0 7.9
80.5 70.7 7.0 8.7 77.8 68.1 6.7 8.6
78.3 68.3 8 -3 10.6
82.2 72.4 6 -3 7.6
85.7 73.0 5.9 10.2
76.7 67.7 6.% 8.4 75.8 66.2 7.2 9.5
71.1 62.5 7.2 i0.i
78.3 68.8 6.0 7.6
80.8 72.4 5.0 6.2
87.3 77.2 5.I 5.9
75-9 68.8 5.0 6.5
71.5 63-1 5.4 7-6
74.2 65.8 5.7 7-7
90.0 77.9 7.1 7.9
81.3 71.6 7.1 8.7 94.6 80.8 7.8 8.2
i00.i 85.8 5.6 5.6
80.7 72.0 5.9 7.3
76.4 67.6 7.0 9.1
102.3 85.9 7.5 7.3
102.8 86.2 7.5 7-3
81.8 72.1 7.0 8.6
83.4 73.8 5.6 6.7
85.0 75.7 6.4 7.5
85.1 76.0 5.1 6.0
74.4 65.7 4.6 6.1
80.9 71.2 5.5 6.8 80.7 73.4 4.0 4.9 85.2 76.4 3.1 3.6
84.% 76.0 3.1 3.6
86.2 76.8 5.4 6.2
87.1 77.2 5.6 6.5
83.8 76.6 4.1 4.9
78.7 70.4 5 .% 6.9
91.% 80.9 5 .• 5 -9
91.5 81.6 4-8 5.31 87.5 78.5 5.6 6.%
94.0 83.5 4.4 4.6 91.1 79.% 6.8 7.5 58.7 5%.8 2.8 4.8
84.3 73.9 5.5
Total Total Actual to
reserves reserves
potential to loans to delinquent membership outstanding loans
7.1 209.0i 56.6
6.8 91.0 32.6
106.8
105.6
82.8
70.3
99.4
26
235.3
627. i
113.0
337.4
265.6
233.1
232.4
228.2
341.9
243.7
403.3
322.6
161.8
142.5
212.6
215.1 262.0
238.1
330.4
236.8
517.% 200.9
208.1
2%0.8 132.2
208.0
197.'3 528.0
340.6
510.7 529.3
339.3
230.7
3•1.6
181.4
109.5
208.3
223.9 1LB.9
111.7
183.7
184.8
163.7
188.0
201.51
173.3
157.% 188.2
276.6
235.6
37.6
47.8
29.3
28.9
27.5
62.6
83.5
58.5
80.9
68.1
74.7
65.6
71.3
81.4
73 .%
77.7
79.5
61.9
63.0
76.3 65.6
68.7 65.6
58.7 56.2
60.7
76.1
69.3
73.3
71.3
67.3
74.3
79.3
74.5
72.3 72.4
80.1
64.5
63.0
54.1
55.1
61.0
69.6
45.4
45.0
53.5
54.2
49.2
68.8
55.9
53.6
66.2
%9.0
64.8
69.3
6.6 109.8 28.2
81.2 70.2 5.0 6.2
85.7 75.5 5.8 6.7
103.2
112.5
x Professional, scientific, and controlling instruments; photographic and optical goods; watches and clocks.
22.8
31.8
(
D TABLE 28.--Selected averages pertaining to Federal credit union ope?'ations, by type of membership, 1963
Table 28.--Selected averages pertaining to Federal credit union operations, by type of membership, 1963
D
I
Type of membership
TOT•JL.. .....................
ASSOCIAYIONAL GROUPS--TOTAL ......
Cooperatives ..........................
Fraternal and professional ............
Religious .............................
Labor unions ..........................
Other associational groups ............
OCCUPATIONAL GROUPS--TOTAL .......
Agriculture ...........................
Mini•.... ....... .. ....... . ...........
Contract cc•ustruction .................
Manufacturir• ...............
Food and kindred products .......
Textile mill products and apparel... Lumber and wood products ............
Paper and allied products ...........
Printing and publishing .............
Chemicals and allied iroducts ........
Petroleum refining and related
industries ........................
Rubber and plastics products ........
Leather and leather products ........
Stone, clay, and glass products .....
Primary metal industries ............
Fabricated metal iroducts ............
Machinery, incl. electrical
machinery .........................
Transportation equipment ............
Motor vehicles and equipment ......
Aircraft and parts ................
i Inst rz.nent s ........................
Other manufacturing .................
Transportation, co•mmications, and
utilities ...........................
Railroad transportation .............
Bus transportation ..................
Motor freight trans, and ware-
housing ...........................
Air transportation ..................
Other transportation ................
Communications ......................
Telephone .........................
Electric, gas, and sanitary services. .... .....................
Wholesale and retail trade ............
Finance, insurance, and real estate...
Services.............................. Hotels and other lodging places .....
Personal services ...................
•dscellaneous business services .....
Medical and other health services...
Hospitals .........................
Educational services ................
Elementary and secondary schools..
Colleges and urdversities .........
Other services....... ...... .........
Government... ........ . .....
Federal government ..................
Civilian ..........................
Military ..........................
State and other government ..........
Other occupational groups .............
RESIDENTIAL GROUPS--TOTAL ........
Urban cGmmunity ..... • .................
Rural community .......................
Average assets
per credit union
Relative toi Amount national
average
$357,512 i00
175,731 49
404,276 113
216,907 61
128,870 36
117,756 33
453,562 127
394,054 ii0
569,902 159
215,735 60
284,289 80
395,635 Iii
222,738 62
170,146 48
204,089 57
356,176 i00
221,184 62
463,829 130
459,260 128
372,870 104
83,633 23
306,772 86
503,088 141
190,633 53
369,155 103
1,173,305 328
774,732 217
2,447,334 685
622,750 174
231,092 65
422,347 118
396,320 iii
299,025 84
263,902 74 i 1,016,667 284
247,665 69
655,190 183
740,777 207
359,125 i00
266,967 75
204,839 57
240,289 67
74,931 21
47,980 13
421,765 118
63,978 18
63,254 18
307,006 86
298,628 84
343,658 96
183,624 51
540,759 151
68%,332 191
395,649 III
1,227,735 343
364,883 102
22 ,Z/+3 6
215,174 60
249,940 70
202,550 57
Average membership
per credit anion
z Professional, scientific, and controlling instruments; photographic
Average shares
per member
Relative to
Number national Amount
average
685 i00 $460
443 65 351
719 105 492
399 58 482 408 60 282
397 58 261
1,042 152 376
734 107 473
573 84 881
447 65 414
422 62 603
670 98 520
378 55 519
435 64 345
372 54 476
547 80 563
392 57 495
663 97 612
684 100 586 646 94 508 278 41 257
529 77 513
785 115 560
363 53 462
693 i01 468
1,966 287 535
1,428 208 480
3,699 540 600
1,066 156 515
465 68 440
Relative to
national
average
Average size of
loans made during 1963
Relative to
Amount national
average
i00 $753 i00
76 854 113
107 1,081 144
105 1,151 153
61 771 102
57 614 82 82 993 132
103 746 99
192 1,010 134
90 704 93
131 708 94
113 755 I00
113 719 95
75 467 62
103 584 78
122 875 116
108 753 i00
133 867 115
127 993 132
ii0 847 112 56 333 44
112 723 96
122 755 i00
i00 631 84
102 692 92
116 791 105
104 841 112
130 762 IOl
112 762 I01
96 601 80
722 105 506 ii0 871 711 104 490 107 829 518 76 493 107 817
488 71 464 i01 755
1,581 231 573 125 755
373 54 588 128 851
i/I00 161 500 109 989
1,230 180 505 ii0 999
590 86 537 �117 907
532 78 444 97 708
403 59 452 98" 753
463 68 480 104 750
267 39 248 54 374
172 25 245 53 288
646 94 594 129 796
253 37 227 49 372
254 37 224 49 366
556 81 492 107 867 528 77 529 115 913
715 104 439 95 696
332 48 494 107 659
1,188! 173 403 88 690
1,640: 239 372 81 638 829 121 428 93 766
3,166 462 344 75 585
634 93 502 109 831 110 16 191 42 308
475 69 397 86 915
583 85 371 81 850! 436 64 409 89 944
and optical goods; watches and clocks.
Average size of
loans outstanding as of Dec. 31, 1963
Relative to
Amount national
average
$742 i00
808 109
1,0881 147
i, 087 146
701 94
555 75
862 116
735 99
1,013 137
702 95
709 96
763 103
741 i00
503 68
716 96
825 iii
756 102
84O 113
899 121
829 112
424 57
728 98
787 106
638 86
714 96
795 107
874 i18
739 i00
697 94
638 86
116 852 115
ii0 810 109
108 839 113
i00 744, I00
100 776 105
113 883 119
131 944 127
133 955 129
120 851 115
94 688 93
i00 7%2 i00
i00 762 i03
50 348 47 38 351 47
106 738 99
49 382 51
49 373 50
115 839 113
121 871 117
92 699 94
88 762 I03
92 657 89 85 610 82
102 719 97
78 561 76
ii0 803 108
41 243 33
122 902 122
113 830 112 125 935 126
27
TABLS 29.--Percentage distribution of total expenses of operating Federal credit unions by State, 1963
q
Table 29.--Percentage distribution of total expenses of operating Federal credit unions, by State, 1963
State
TOTAL---L .......................
Alabama ..............................
Alaska ...............................
Arizona ..............................
Arkansas .............................
California ...........................
Canal Zone ...........................
Colorado .............................
Connecticut ...........................
Delaware .............................
District of Columbia .................
Florida .............................. ,
Georgia ..............................
Gu,%m .................................
Hawaii ...............................
Idaho ................................
Illinois .............................
Indiana ..............................
Iowa .................................
Kansas ...............................
Kentucky .............................
Louisiana ............................
Maine ........................... _ ....
Maryland .............................
Massachusetts ........................
•[ichigan .............................
Ntirmesota ............................
•iississippi ..........................
Missouri ............... ;
.............
Montana ..............................
Nebraska .............................
Nevada ...............................
New Hampshire ........................
New Jersey ...........................
New Mexico ...........................
New York .............................
North Carolina .......................
North Dakota .........................
Ohio .................................
Oklahoma .............................
Oregon ...............................
Pennsylvania .........................
Puerto Rico ..........................
Rhode Island .........................
South Carolina .......................
"
South Dakota .........................
Tennessee ............................
Texas ................................
Utah .................................
Vermont ..............................
Virginia ............................
Virgin Islands .......................
Washington ...........................
West Virginia ........................
Wisconsin ............................
Wyoming ..............................
i Borrowers'
Total s•eslprotection insurance
100.0 43.2 1 I
i00.0 42.8
i00.0 52. i
i00.0 42.9 i
i00.0 40.8! i00.0 47.7 1 I00.0 49.211 i00.0 43.2 1 i00.0 48.0! i00.0 38.5•
i00.0 51.9 •
i00.0 £5.4
i00.0 45-6
'100.0 56.8
i00.0 38.1
I00.0 38.4
i00.0 40.5
i00.0 41.6
I00.0 38.7
I00.0 37.3 i00.0 41.3
i00.0 43.7
100.0 40.8
i00.0 43.8
i00.0 42.8
I00.0 37.5
ioo.o 4o.3i 100.0 38.8
i00.0 42.2
i00.0 38.8
i00.0 43.2
i00.0 48.2! i00.0 40.2
I00.0 42.4
i00.0 49.7
I00.0 40.4
i00.0 53.2
i00.0 42.8•
i00.0 4.2.5
i00.0 42.9
i00.0 38.6
i00.0 38.9
i00.0 49.6
I00.0 33.6
i00.0 47.3
i00.0 39.0
i00.0 42.9
i00.0 44.6
I00.0 39.0
i00.0 40.9
lO0.O 49.2
i00.0 65.81 i00.0 41.0
i00.0 36.3
i00.0 37.1
I00.0 43.3
Life Examination
savings League Surety
bond and super- in- dues
premiums vision surance fees
•.3 9.1 3.3 l.Z 3.5
•.8 8.8 4.2 1.3 3.3 11.2 7.5 .4 1.2 2.9 •.6 9.3 3.4 1.0 2.2 14.5 12.6 4.8 2.0 4.3 12.6 8.0 2.3 i.i 2.9
7.0 16.9 .9 1.0 4.0 14.7 10.9 2.7 1.3 3.1 II.I i0.0 1.7 1.4 3.6 14.9 8.4 3.4 1.5 4.3
9.6 6.0 1.3 .8 2.3
•.2 7.3 2.4 i.i 3.1 13.8 7.5 3.• 1-7 •,2 iO.i 8.5 .8 2.4 6.9i 18.2 i0.0 3.9 1.9 4-0 14.8 ii.4 7.4 1.4 3.9
14.3 10.7 3.4 1.7 4.0 •.4 10.6 3.9 1.8 3.8 14.3 10.2 6.2 1.3 3.3 15.5 12.8 4.3 1.6 3.3 12.3 ii.i 6.8 1.9 4.0
16.2 11.3 3.5 1.8 4.6 12.6 12.2 2.3 1.5 3.3 12.1 8.Z 3.0 1.3 3.3 12.9 11.8 2.4 1.8 4.8 12.8 10.3 4.5 1.0 2.5
14.4 10.3 3.8 1.9 4.1 14.6 11.2 4.2 1.6 3.7 •.7 9.8 4.5 2.1 4.5 12.5 9.8 4.9 1.5 4.1 11.3 8.5 •.4 1.4 4.0
12.9 9.2 .4 1.2 2.9 •.8 9.0 2.1 i.i 3.5 12.3 9.5 4.3 1.9 4.6 11.6 6.9 2.1 1.2 3.4 14.9 8.4 3.0 1.7 4.6
10.4 7.5 2.1 1.6 3.9 !4.7 9.8 5.2 2.5 5.4 13.2 8.0 3.4 1.7 3-9 14.6 8.3 4.8 1.5 3.8 •.8 9.6 3.6 1.5 3.6
•.3 9.6 4.6 1.7 4.1 9.5 5.8 1.2 2.1 4.3
•.5 14.5 3.6 2.9 8.6 14.1 11.6 2.4 1.3 4.2 15.9 10.6 7.5 1.9 4.6
•.9 10.3 2.8 1.6 3.8 •.9 8.9 3.3 1.6 3.8 15.8 10.2 3.9 1.3 3.8 14.3 15.2 1.8 2.7 5-7 12.3 5.8 3.4 1.5 4.1
9.1 1-7 ...... 2.2 5.7 i4.1 9.6 2.9 1.3 3.0 14.8 8.7 5.5 1.8 4.4 14.5 10.3 4.3 2.0 1.8 14.6 10.6 2.7 2.0 4.2
L
Interest
on
borrowed
money
2.7
3.4
4.1
2.7
3.2
3.2
1.4
3.7
1.8
5.3
1.7
2.3
1.7
1.6
4.0
1.4
1.6
.3
3.5
2.3
1.4
4.7
3.4
1.5
3.5
3.5
3.2
2.0
4.6
3.1
5.6
5.8
1.4
4.9
2.3
2.0
2.3
1.4
2.0
4.1
2.7
4.8
1.1
2.1
3.4
2.1
2.7
3.9
.6
4.1
4.9
2.6
3.5
8.1
3.6
Educa-
tional
expenses
1.8
1.8
.9
2.2
1.2
1.3
1.3
2.1
1.3
2.8
2.7
1.4
1.6
2.2
.7
1.7
2.0
1.7
1.0
2.2
1.8
.8
2.0
2.0
1.0
3.1
2.5
2.1
1.9
3.3
1.9
1.3
3.9
1.5
1.2
1.7
.8
1.3
2.1
1.6
2.0
1.3
i.i
.3
1.4
1.9
1.5
1.5
2.4
.5
1.8
2.1
1.8
2.4
1.0
Other
expenses
21.7
20.6
19.7
22.7
16.6
20.9
18.3
18.3
21.1
20.9
23.7
23.8
20.5
12.3
21'6
17.0
22.0
21.6
24.7
19.5
18.5
16.7
20.6
22.7
21.0
24.8
19.2
20.6
19.3
20.5
22.2
18.3
20.6
22.1
19.0
23.0
18.5
16.0
23.8
20.5
23.2
23.8
21.6
21.9
15.6
15 � 2
19.1
19.7
19.7
18.3
17.8
10.6
23.4
23.2
19.5
18.0
28
D
I
TABLE 30.--Percentage distribution of total expenses of operating Federal credit unions, by type of membership, 1963
Table 30.--Percentage distribution of total expenses of operating Federal credit unions, by type of membership, 1963
Total Type of membership Total
salaries
Borrowers' Life Surety Examination Interest Educa-
iprotection savings League
bond and super- on tional
insurance insurance dues
premitmm! vision borrowed expenses
fees money
Other
expenses
TOTAL ........................... I00.0
ASSOCIATIONAL GROUPS--TOTAL- ...... i00.0
Cooperatives ........................ i00.0
Fraternal and professional .......... I00.(
Religious ............................ lO0.C
Labor unions .............. • .........
Other associational groups ..........
OCCUPATIONAL GROUPS--TOTAL ........
Agriculture .........................
..............................
Contract construction ............ ---
•anufacturing .......................
Food and kindred products ........
Textile mill products and apparcl Lumber and wood products .........
Paper and allied products ........
Printing and publishing ..........
Chemicals and allied products ....
Petroleum refining and related
industries .....................
Rubber and plastics products .....
Leather and leather products .....
Stone, glay, and glass products-- primary metal industries .........
Fabricated metal products ........
Machinery, incl. electrical
machinery ......................
Transportation equipment .........
Motor vehicles and equipment-- Aircraft and parts
Instruments i ...................
Other manufacturing .... - .........
Transportation, commmmications, and
utilities .........................
Railroad transportation ..........
Bus transportation ...............
Motor freight trans, and ware-
housing ........................
Air transportation ...............
Other transportation .............
Co•mmioations ...................
Telephone .....................
Electric, gas, and sanitary services .......................
Wholesale and retail trade ..........
Finance, insurance, and real estate
Services ............................
Hotels and other lodging places-- Personal services ................
Miscellaneous business services--
Medical and other health services
Hospitals .....................
Educational services .............
Elementary and secondary schools .....................
Colleges and universities .....
Other services ...................
Government ..........................
Federal government ...............
Civilian ......................
Military ......................
State and other government .......
Other occupational groups ...........
RESIDENTIAL GROUPS--TOTAL- ........
Urban community .....................
Rural co•mmity .....................
IO0.C
IO0.C
lO0.O•
lO0.O
I00.0
i00.0
i00.0
lO0.O
lO0.O
i00.0
I00.0
!00.0
i00.0
i00.0
lO0.0
I00.0
i00.0
i00.0
i00.0
I00.0
i00.0
i00.0
I00.0
lO0.O
i00.0
lO0.O
i00.0
I00.0
i00.0
lO0.O
i00.0
i00.0
lO0.O
lO0.0
I00.0
lO0.0
lO0.O
i00.0
lO0.O
lO0.O
i00.0
lO0.O
I00.0
I00•0 i00.0
i00.0
I00.0
i00.0
I00.0
i00.0
lO0.O
I00.0
i00.0
lO0.O
I00.0
43.2 13.3 9.1 3.3 1.4 3.5 2.7 1.8
36.1 •.4 10.8 4.0 1.6 4.2 3.4 2.5
35.1 14.4 10.3 4.1 1.2 3.3 5.8 2.6
•.7 14.3 10.9 4.1 1.6 4.5 1.9 2.8
37.2 12.7 11.2 4.2 1.9 4.8 2.0 3.1
37.1 12.5 10.7 3.8 1.7 4.4 4.0 1.3
35.8 12.8 10.8 3.3 1.3 2.7 5.9 2.8
43.8 •.3 9.0 3.2 1.4 3.5 2.6 1.7
33.1 17.7 II.6 5.0 2.9 5.2 .5 .5
40.3 11.9 I0.I 4.2 2.1 4.1 3.5 .9
•.6 10.6 8.3 2.3 1.7 3.9 .3 2.8
42.8 13.2 8.8 3.5 1.5 3.6 2.4 1.7
42.3 13.9 8.9 4.5 2.0 4.6 2.0 1.5
44.8 12.5 10.4 3.8 2,2 5.0 1.0 1.6
38.6 14.0 10.4 4.0 1.5 3.6 3.4 1.8
40.2 15.3 I0.0 3.3 1.6 3.6 2.8 1.6
45.2 13.9 i0.0 4.0 2.1 4.7 1.3 1.6
41.3 15.0 8.2 3.7 1.7 4.0 2.5 1.5
46.7 14.9 6.4 3.1 1.9 4.3 1.3 1.2
39.6 13.9 10.3 3.9 1.6 / 3.7 2.2 1.8
42.0 11.3 11.8 3.6 2.3 4.8 2.7 2.4
42.7 17.1 6.7 4.3 2.0 4.6 1.9 1.6
39.4 14.8 10.5 3.6 1.5 3.5 2.4 1.3
41.4 13.1 10.4 4.4 2.2 4.9 1.8 1.5
42.0 12.3 9.2 3.6 1.6 3.8 3.2 1.6
45.0 ii.i 7.9 2.8 .7 2.3 2.4 2.2
38.6 •.0 10.6 3.9 .8 2.4 3.0 2.7
53.0 8.4 4.7 1.3 .5 2.1 1.9 1.7
47.3 10.9 7.1 2.4 1.3 3.4 2.4 1.3
•.5 12.5 10.3 4.2 2.1 4.8 2.0 1.3
41.1
40.2
37.8
38.4
49.3
31.5
41.8
41.9
42.9
48.1
37.5
42.7
42.1
39.8
47.2
42.1
41.8
42.2
41.5
47.3
45.0
46.7
48.6
48.3
48.7
42.1
48.2
40.1
38.8
40.8
13.5 9.5 3.3 1.4
14.8 12.6 4.2 1.5
14.7 11.7 3.7 1.4
14.6 I0.i 3.1 1.5
12.3 6.8 1.6 .8
22.8 Ii.5 6.6 2.9
ll.O 6.3 2.3 1.0
10.9 6.2 2.3 1.0
14.8 9.4 4.1
12.2 8.5 3.1
17.3 6.6 4.7
13.7 9.6 3.4
10.5 9.5 4.2
II.I 11.9 5.1
13.7 6.2 3.0
12.5 12.4 4.5
12.5 12.6 4.5
13.8 9.6 3.2
14.0
13.0
14.4
13.3
12.3
14.1
ii.4
15.9
13.2
12.6
10.3
13.9
9.7
8.9
9.8
8.8
8.1
9.6
7.3
10.5
2.7
3.2
3.5
3.7
2.7
2.4
3.2
2.0
3.3
6.2
9.7 0.7
9.6 4.1
9.7 3.4
2.0
1.8
3.0
1.6
2.2
3.2
1.8
2.1
2.2
1.5
1.5
1.6
1.9
I.i
1.0
1.5
.8
1.3
4.7
1.4
I.i
1.5
21.7
24.0
23.2
25.2
22.9
24.5
24.6
21.5
23.5
22.9
25.5
22.5
20.3
18.7
22.7 21.6
17.2
22.1
20.2
23.0
19.1
19.1
23.0
20.3
22.7
25.6
25.0
26.4
23.9
18.3
3.3 2.8 1.9 23.2
3.3 .8 1.4 21.2
3.4 3.1 2.6 21.6
3.6 5.5 1.7 21.5
3 .I 1.7 1.8 22.6
6.6 .8 .6 16.7
2.6 4.7 2.4 27.9
2.5 4.7 2.5 28.0
4.4 1.3 1.5 19.6
4.3 1.7 1.3 19.0
7.1 2.4 1.0 20.4
4.2 3.3 1.5 20.0
6.1 3.9 1.4 20.1
8.6 I.i .6 18.6
4.7 .9 .8 21.7
6.2 3.2 1.3 15.7
6.2 2.7 1.4 16.1
3.8 3.7 1.7 20.5
3.8 4.0 1.7 20.6
4.1 1.9 1.4 18.3
4.7 1.8 .9 17.8
3.0 2.8 1.7 19.9
2.8 3.0 1.8 20.0
3.6 1.6 1.4 16.7
2.4 3.7 2.0 21.7
3.3 2.3 1.6 19.7
10.8 .2 3.4 10.6
3.4 4.6 I 2.2 22.3
3.1 7.0 3.3 22.7
3.6 3.4 1.6 22.1
1
Professional, scientific, and controlling instruments; photographic and optical goods; watches and clocks.
29
0 ¢• TABLE 31.--Federal credit union operations, by asset size, December 31, 1963
Item Total
Number operating Dec. 31, 1963 .....
Members : Actual ...................
Potential ................
Total assets .......................
Loans to members .................
Cash .............................
U.S. Government obligations ......
Savings and losn shares ..........
Loans to other credit unions .....
Other assets .....................
Total liabilities and capital ......
Notes payable ....................
Accounts payable and other .......
Bares ...........................
Regular reserve ..................
Special reserve for del. loans---
Other reserves 1
..................
Undivided earnings 2
..............
Gross income, total ................
Interest on loans ................
Income from investments ..........
Other income .....................
Total expenses .....................
Salaries .........................
Borrowers' protection insurance--
Life savings insurance ...........
League dues ......................
Surety bond premiums .............
Examination and supervision fees-
Interest on borrowed money .......
Educational expenses .............
other expenses ...................
Dividends paid or payable: June 30, 1963--Number ............
Amount ............
Dec. 31, 1963--Number ............
Amount ........ •---
Total dividends on 1963 shares .....
Interest refund:
Number ............................
Amou/It ...........................
Loans made during 1963:
Number ...........................
Amount ...........................
10,955
7,499,747 13,258,009
3,916,541,104 2,911,159,474
217,052,772 88,059,567
599,230,365 59,330,936
41,707,990
3,916,541,104 68,061,983 21,193,682
3,452,615,166
191,355,233 4,572,557
I1,975,628 166,766,855
307,783,216 276,141,214
30,282,880 1,359,122
120,424,767 51,966,671 16,030,104 10,987,055
3,953,534 "1,712,844 4,264,584 3,245,410 2,117,600
26,146,965
Table 31.--Federal credit union operations, by asset
•ount in dollars•7
Less than $5,000 - $I0,000 - $25,000 $50,000 -
$5,000 $9,999 $24,999 $49,999 $99,999
size, as of December 31, 1963
$i00,000 - $250,300 - $500,000 - $i,000,000 - $2,000,000 - $5,000,000 $249,999 $499,999 $999,999 $1,999,999 $4,999,999 and over
Loans outstar•ding Dec. 31, 1963:
Current • ......... Number ..........
Amount ..........
Delinquent ....... Number ..........
Amount ..........
Loans from organization through Dec. 31, 1963:
Loans made ...... Number ..........
Amount ..........
Loans charged-off---Gross amt.--
Recoverles-- Net amount--
621 530 1,226 1,372 1,665 2,285
47,2721 54,037 170,704 253,840 430,897 943,085 321,978 252,292 599,258 696,263 956,504 1,778,617
1,583,551 4,014,231 20,794,316 50,326,969 121,168,379 367,497,435 985,054 2,851,250 15,513,446 38,599,164 92,120,804 274,134, 707
507,313 887,457 3,218,971 6,098,942 12,211,435 29,1Z•4,121 958 10,402 74,180 277,652 793,275 3,353,715
49,344 209,328 1,783,243 4,805,998 14,527,036 55,394,008 1,200 15,875 55,885 273,061 891,426 3,563,911
39,682 39,919 148,591 272,152 624,403 1,906,973
1,583,551 4,014,231 20,794,316 50,326,969 121,168,379 367,497,435 28,143 132,394 775,250 1,820,752 3,849,841 9,538,779 13,572 15,475 73,649 125,180 309,981 1,074,543
1,480,763 3,606,125 18,360,650 44,032,788 105,570,336 321,082,307 35,678 107,225 677,087 1,916,186 5,240,325 17,027,609 12,053 37,851 144,050 229,875 358,796 1,016,763
1,634 1,287 9,196 45,363 159,371 540,338 11,708 113,874 754,434 2,156,825 5,679,725 17,217,096
68,058 261,403 1,543,688 4,049,332 9,968,188 29,923,056 63,161 250,503 1,454,491 3,813,891 9,271,429 27,281,570
1,315 8,291 71,827 211,662 642,209 2,515,586 3,582 2,609 17,370 23,779 54,550 125,900
48,665 132,009 752,639 1,884,908 4,403,121 12,750,181 3,385 25,739 208,277 610,662 1,621,023 5,112,724
3,936 15,882 91,524 239,027 596,021 1,719,114 5,039 16,917 93,630 227,558 526,566 1,452,082 2,592 6,751 37,002 93,720 233,668 637,862 5,850 8,216 31,997 55,820 111,485 283,756 7,211 16,906 88,648 200,598 319,001 662,577
803 4,110 26,583 72,798 164,328 445,908 i•031 2,827 12,034 - 27,337 59,664 176,446
18,818 34,661 162,944 357,388 771,365 2,259,712
1,996 i
24,479,997 44
9,763 84
i12,678,595 6,361 137,158,592 6,405
2;279 1
12,625,292 20
5,334,318 12,098 4,017,102,279 1,548,530
3,726,386 7,973 2,811,706,816 864,558
197,267 1,366 99,452,658 120,496
16 68 167 244 442
1,409 15,491 95,537 294,700 1,208,777 295 1,002 1,259 1,623 2,256
51,498 429,907 1,252,399 3,471,059 11,490,955 52,907 445,398 1,347,936 3,765,799 12,699,732
i0 46 145 296 622
342 5,854 39,975 173,610 823,862
27,543 105,539 173,119 286,554 636,057 4,995,276 27,201,361 63,498,066 138,336,080 386,923,680
15,707 59,887 101,031 181,188 425,023 2,544,437 14,238,191 35,968,306 86,799,830 260,002,094
2,369 7,565 10,925 16,677 32,330 306,813 1,275,255 2,630,858 5,320,974 14,132,613
116,663 659,716 1,282,826 2,912,558 6,783,698 19,517,522 132,977,674 350,855,160 888,247,513 2,741,236,026
91,195 605,972 1,949,918 3,411,935 9,152,473 10,135 78,878 237,821 527,812 1,419,261 81,060 527,094 1,312,097 2,884,123 7,733,212
57,724,352 33,192 27,907,186,093 4,494,979
74,539,478 15,411 11,931,599 1,328 62,607,879 14,083
i Reserves for contingencies and special reserve for losses.
2 Before payment of yearend dividend.
3 Includes loans less than 2 months delinquent.
1,399
1,021,932
1,772,316
492,751,826 370,334,011
31,47'3,794 5,578,264
76,168,965 5,637,240 3,562•552
492,751,826 11,483,325
1,520,148 431,031,733
24,347,770 779,440
1,110,324 22,479,086
39,640,350 35,868,281
3,629,510 142,559
16,295,214 6,870,425 2,252,052 1,688,830
718,805 335,570
665,3401 527,472' 219,799
3,016,921
390
2,345,209 1,393
14,670,096 17,015,305
483
1,506,476
723,270 507,638,085
491,385 354,828,187
29,668 15,505,824
8,304,217 3,664,840,228
10,379,914 1,631,679 8,748,235
967
1,263,108 1,984,528
679,884,077 505,348,849 38,050,588
8,493,477 112,425,887
9,437,094 6,128,182
679,884,077 13,874,686 2,786,327
595,900,894 33,830,478
814,228 1,978,847
30,698,617
54,306,624 48,650,930
5,457,753 197,941
21,618,841 9,529,438 2,888,923 2,025,783
763,626 356,522 760,604 616,244 314,223
4,363,478
290
3,460,105 962
20,244,244 23,704,349
324
2,106,359
903,979 696,124,753
634,911 486,428,153
32,966 18,920,696
11,399,731 5,069,709,599
13,978,320 2,286,703
.11,691,617
544
1,262,190
i, 874,340
755,290,903 565,283,233 36,181,309 II, 376,563
119,821,055 13,761,993 8,866,750
755,290,903
12,424,543 3,516,862
665,625,223 38,323,327
469,909 2,609,855
32,321,184
60,310,638 54,120,230
5,917,745 272,663
23,500,892 10,344,305 3,227,549 2,085,276
667,003 286,066 679,750 641,613 403,474
5,165,856
212
'5,187,739 543
21,889,224 27,076,963
217
2,666,721
945,420 781,071,846
671,943 548,865,323
25,994 16,417,910
10,092,982 5,628,842,522
13,413,063 2,197,165
11,215,898
286
1,264,122
1,756,951
843,156,940 622,677,609 35,613,305 20,033,009
137,885,776 14,511,084 12,436,157
843,156,940 11,429,270
5,763,513 744,547,790
42,547,075 358,375
3,657,059 34,853,858
65,986,439 58,576,966
7,127,229 282,244
24,299,964 10,694,224 3,212,621 1,917,452
557,942 187,588 599,761 537,220 552,234
6,040,922
136
7,022,032 286
23,633,168 30,655,200
114
2,930,248
954,853 845,047,578
695,066 606,499,121
24,814 16,178,488
10,298,563 5,763,468,736
14,219,742 2,463,012
11,756,730
6C
788,560 1,264,962
580,072,477 423,311,347
23,668,537 38,068,072 76,159,725 11,182,167 7,682,629
580,072,477 2,705,000 5,994,432
521,376,557 27,302,473
351,217 1,862,354
20,480,444
41,725,440 36,789,762
4,699,753 235,925
14,738,333 6,946,469 1,783,455
947,922 234,563
49,974 264,188 208,331 348,531
3,954,900
3O
4,848,954 60
15,539,684 20,388,638
21
2,371,825
565,886 564,717,024
442,272 414,668,616
12,593 8,642,731
5,840,206 3,642,996,094
7,721,535 1,077,805 6,643,730
D TABLE 32.--Selected ratios and averages pertaining to Federal credit union operations, by asset size, December
31, 1963
Table 32.--Selected ratios and averages pertaining to Federal credit union operations, by asset size, December 31, 1963
Less than $5,000 - $10,000 - $25,000 - $50,000 -
Item Total $5,000 $9, 999 $24,999 $49, 999 $99, 999
D
Ratio (percent) of--
Total expenses to gross income .........................
Total salaries to gross income .........................
Amount of delinquent loans to total loans outstandlm•-- Loans outstanding to shares ...................
7 ........
Loans outstanding to assets ..........................
Total reserves to shares ...............................
Total reserves to loans outstanding ....................
Total reserves to delinquent loans .....................
Actual to potential membership ........................
Average-- Assets per credit union ................................
39.1
16.9
3.4
84.3
74.3
6.0
7.1
209.0
56.6
$357,512 Membershi•per credit union ............................
Shares per member .................... • ................
Size of loans made during 1963 .........................
Loans outstanding Dee. 31, 1963 ........................
Relative to national average--
Avg. assets per credit union ...........................
Avg. membership per cred4t Im•nn .......................
Avg. shares per member ................................
Avg. size of •oansmade during 1963 ....................
Avg. loans outstanding Dec. 313 1963 ...................
Expenses as percent of total:
Total expenses ........................................
685
$460 $753 $742
I00
i00
I00
i00
i00
i00.0
Total salaries ........... - ...........................
Borrowers w protection insurance ......................
Life savings insurance .................... - .........
League dues .........................................
Sumetybond premiums ....................... i .........
Examination and supervision fees ................... --
Interest on borrowed money-- .........................
Educational expenses .......... -
......................
Other expenses ......... - .............................
Loss ratio I ..............
43.2
13.3
9.1
3.3
1.4
3.5
2.7
1.8
21.7
0.22
71.5
5.0
12.2
66.5
62.2
3.3
5.0
41.0
14.7
$2,550
50.5
9.8
I0.8
79.1
71.0
4.1
5.1
47.7 21.4
$7, 574
48.8
13.5
8.2 84.5
74.6 4.5
5.4
65.1
28.5
$16,961 76
$3i $128 $1o5
i
ii
7
17
14
i00.0
7.0 8.1
10.4
5.3
12.0
14.8
1.6
2.1
38.7
.31
102 139
$67 $108 $181 "$258 $158 $23o
2 5
15 20
15 23
24 34
21 31
i00.0 i00.0
19.5 27.7
12.0 12.2
12.8 12.4
5.1 4.9
6.2 4.3
12.8 11.8 3.1 3.5
2.2 1.6
26.3 21.6
.41 .39
46.5
15.1
6.8
87.7 76.7
5.0
5.7
83.3
36.5
$36,681 185
$173 $367 $3•5
I0
27
38 49
46
lO0.0
32.4
12.7
12.1
5.0
2.9
lO. 6
3.9
1.4
19.0
.37
$100,000- $250,000- $500,000- $1,000,000- $2,000,000- $5,000,000 Item
$249,999 $499,999 $999,999 $1,999,999 $4,999,999 and over
44.2
16.3
5.8 87.3 76.0
5.5
6.3
108.2
45.0
$72, 774
259
$245 $483 $466
2O
38
53
64
63
1(30.0
36.8
13.5
12.0
5.3
2.5
7.3
3.7
1.4
17.5
.32
Ratio (percent) of--
Total expenses to gross income .........................
� _ ........................ Total salaries to gross income
Amount of delinquent loans to total loans outstandir•-- Loans outstanding to shares ............................
Loans outstanding to assets ............................
Total reserves to shares ......... _ .....................
Total reserves to loans outstanding ....................
Total reserves to delinquent loans ................... r-
Actual to potential membership ............... -
.........
Average-- Assets per credit union .............................. i_
42.6
17.1
5.2
�85.4 74.6
5.8 6.8
131.5
53.0
41.I
17.3 4.2
85.9 75.2
6.1
7.1
169.2
� 57.7
$160,830 $352, 217
39.8
17.5
3.7
84.8
74.3 6.1
7.2
193.6
63.6
$703,086
39.0
17.2
2.9
84.9
74.8 6.2
7.3
252.2
67.3
$I, 388,402
36.8
16.2
2.6
83.6 73.9
6.3
7.5
287.8
71.9
$2, 948, i01
Membership per credit union ............................
•ares per member ......................................
Size of loans made during 1963 ..... i ...................
Loans outstanding Dec. 31, 1963 ........................
Relative to national average-.
Avg. assets per credit union ...........................
Avg. membership per credit union ................. i .....
Avg. shares per member .................................
Avg. size of loans made during 1963 ....................
Avg. loans outstanding Dec. 31, 1963 ...................
Expenses as percent of total:
Total expenses ........ ....................... r .........
Tota]• salaries .......................................
Borrowers' protection insurance ......................
Life savings insurance ...............................
League dues .... z .....................................
Surety bond premiums .................................
Examination and supervision fees .....................
Interest on borrowed money-. ..........................
Educational expenses .................................
Other expenses .......................................
Loss ratio & ......................... - .....................
413
$340 $608 $599
45
6O
74
81 81
I00.0
40. i
13.5
11.4
5.0
2.2
5.2
3.5
1.4
17.7
.28
73O
$422 $702 $711
99
I07
92
93
96
i00.0
42.2 13.8
10.4
4.4
2.1
4:1
3.2
1.3
18.5
.23
I, 306 ' $472 $77o $757
197
191
103
102 I
102
10(3.0
44.1
13.4
9.4
3.5
1.6
3.5
2.8
1.5
20.2
.23
2,320 $527
� •26 $81o
388
339
115
ii0
109
i00.0
44.0
13.7
8.9
2.9
1.2
2.9
2.7
1.7
22.0
.19
4,420 $589 $885 $865
825
645 128
118
117
I00.0
•.0 13.2
7.9
2.3
.8
2.5
2.2
2.3
24.8
.2O
35.3
16.6
2.0
81.2 73.0
5.7
7.0
341.5
62.3
$9,667, 875
13,143 $661 $998 �
$931
2,704
i, 919
144
133
125
i00.0
47.1 12.1
6.4
1.6
.4
1.8 1.4
2.4 26.8
.18
i Net amount of loans charged off as percent of total loans made since organization.
31