foreword - national credit union administration · foreword thrift promotion in federal credit...

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

q

ii ¸

G

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.

D iii

i

HOTELS

CONSTRUCTION

GOVERNMENT

FRATERNAL

O

RELIGIOUS

BANKING

EDUCATIONAL

LAUNDRIES

• TEXTILES

HARDWARE

• FURNITURE

•'•/• PUBLISHING

"• •::2:o":°::,o°

iv

ii

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 cancellations 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 below $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 categories 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 transportation 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 percent 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 operation 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 percent 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 increase 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 operation 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 operating 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 percent 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" includes $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 borrowers' 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 premiums 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 ........


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.


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


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 ...................

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.


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 ........


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 .......


industries .........................

Rubber and plastics products ........

Leather and leather products ........

Stone, clay, and glass products .....

Primary metal industries ............

Fabricated metal products ...........


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.


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 ...........


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.


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


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 ........


industries ........................

Rubber and plastics products ........

Leather and leather products ........

Stone, clay, and glass products .....

Primary metal industries ............

Fabricated metal iroducts ............


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 ....


industries .....................

Rubber and plastics products .....

Leather and leather products .....

Stone, glay, and glass products-- primary metal industries .........

Fabricated metal products ........


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.


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


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


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

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