credit unions - ncua
TRANSCRIPT
"Credit unions are a marvelous influence, in this coun-
try and increasingly so throughout the hemisphere.'"
HUBERT H. HUMPHREY
Vice President
"'Through credit unions, it is possible to build up the
strength of the poor and give them some small means
of power so they can withstand the force of human greed �
t °
"" and gain for themselves a new dignity and lUS zce.
SARGENT SHRIVER
Director of the Office of
Economic Opportunity
196G
BUREAU OF
ANNUAL REPORT OF THE
FEDERAL CREDmT UNIONS
J. Deane Gannon, Director
? San Fr•nclsca
Cs
BFCU
Boston
James M. Oratto
Room 1305, John Fitzgerald
Kennedy Federal Building,
Boston, Mass. 02203
Telephone: 617-223-6807
New York
Reuben Lansky
Room 1200, 42 Broadway, New York, N.Y. 10004
Telephone: 212-264-4790
Harrisburg
Stephen Pirk
Room 207, Blackstone Bldg., 112 Market St.,
Harrisburg, Pa. 17101
Telephone: 717-787-4597
Charlottesville
Harold B. Wright
220 Seventh St., N.E.,
Charlottesville, Va. 22901
Telephone: 703-296- 5171
REGIONAL OFFICES
Atlanta
James T. Coats
Room 404, 50 7th St., N.E.
Atlanta, Ga. 30323
Telephone: 404-526-5032
Chicago Richard A. Walch
Room 712, 433 West Van Buren St.,
Chicago, I11. 60607
Telephone: 312-353-5187
Kansas City Thornton L. Miller
601 East 12th St.,
Kansas City, Mo. 64106
Telephone: 816-374-5793
Dallas
Buford B. Lankford
9th Floor, 1114 Commerce St.,
Dallas, Tex. 75202
Telephone: 214-749-2072
San Francisco
Frdis W. Smith
Federal Offlce Building,
50 Fulton St.,
San Francisco, Calif. 94102
Telephone: 415-556-6277
BUREAU OF FEDERAL CREDIT UNIONS
Headquarters: 633 Indiana Avenue, N.W., Washington, D.C. 20004
CONTENTS
Credit Unions in Limited-income Areas.. 1
The Year in Review--
Federal Credit Unions .......................... 5
BFCU Activities .......................................... 25
Research .................................................... 33
Budget ....................................................... 39
Administrative Support ................... , ............ 45
Statistical Tables .......................... , ................
55
CREDIT UNIONS
|N LIMITED
iNCOME AREAS
,.&ssistance through
Project Moneywise =--
in February of 1966, the Bureau of Federal
(',redit T.!l•ions and the Office of Economic Op-
t)orttt:,•ity entcrecl into an agreement under
which tim l•ureau of Federal Credit Unions
wottld c01•dtlc• •t series of six training classes
for local ieaders in limited-ixlcome areas. The
objective of the training classes was to provide the participants with the expertise necessary
for the successfttl operation and ma•agement
of credit u_n_ions in their local communities.
i•irCL.J personnel provided the instrttction
while the Ottice of Economic Opportunity funded the program. These training programs
christel•ed 'Project Moneywise," were h.cld in
Boston, New York, Los Angeles, (:hicago, an(:[
\\rashington during 1966.
The four-week program covered such topics as co',•sumer education, family financial c{•unsel-
i•g, and credit uilion operations and ma•mge-
ment. F.ml)l•asis was gi\cn to tt•e special scr\ices
eledit unions could provide for their limited-
i::.c(m:e men:bcrs in an effort to l:cll: th,.•n: o-et m
t}!c most value out ot the money they already i•act.
/
Community Leaders Participating in Proiect Moneywise Training Sessions
---and Cooperative Month Seminar
Tile Bureau of Federal Credit Unions con-
dueled a seminar as a part ot! the Cooperative Month program sponsored by the Department of Agriculture Attending the seminar were key o[ficials of governmental and private agencies with a special interest in cooperatives and the
problems of those of limited income.
Durino the seminar, entitled "A Dollar
Down--Credit Dilemma ot: the Poor," Project Moneywise instructors discussed the topic ot!
why the "poor pay more" and what can be done
to reverse this trend.
Special emphasis was given to the value of:
credit unions in helping those of limited income
improve their economic security. The impof tance ot: credit in heloino-• • people to break the
chains binding them to unethical sections of
the market-place was stressed.
Through this seminar, many people became
aware o1! the place the creclit union holds in the
\Var on Poverty.
(2he rter ncj ]In 1.966 tl•e l•ureatl o[! Federal Credit Unions
issued c , .)8 charters to limited-income groups, about 14 percent o[ the total [:or the year. Less
than 5 percent of: all active charters were held
by such groups. At the end of tim year, tlmre were 526 OUt-
standino- Federal credit union charters amono
oroups wl•ose averao-e income is considered sub-
standard. Of the groups holding these char-
ters, 15 had not held their organizational meet-
ing after receiving their charters late in the
year, and 511 were in operation.
Membership tn 1966 potential membership in Federal
credit ttnions servino-• limited-income ,gr°ups in-
creased by 364,917 members, while tile actual
mlml:)er o[ membership accounts increased by -,°1,067. Credit unions were servino_, 16.2 per- cent of the potential memberst•ip at the year- end.
FCU/'66
Churters
Limited Income Groups
REGION AND STATE
1966 1965
Total .............
98 45
New England .............
Connecticut ...........
2 Maine
Massachusetts 6
New Hampshire R.hode Island 4
Vc 1"1!1 on t
Mideast ..................
Delaware 1
District of Columbia 1 6
Maryland ............. 1
New Jersey _ ...........
New York 4 5
Pennsylvania .......... 3 5
Sou rheas t
Alabama 4 I
Arkansas
Florida ...............
14 2
Georgia ............... 1
Kentucky ............. 1 1
Louisian a 9 l
Mississippi ............ 6 1
North Carolina 1
South Carolina 1
Tennessee
Virginia .............. t I
West Virginia ..........
Great Lakes
Illinois ................
4
Indiana 1
Michigan .............
Ohio .................
3 1
Wisconsin
Plains
Iowa
Kansas I
Minnesota 2
Missou ri ..............
I
Nebraska
North Daf,;-t•a----_--:--_- -
S South Dakota
.......... I
Rocky Mountain ...........
Colorado
Idaho
Montana ..............
l
Uta h
Wyo m i I1 g .............
SOU th west
Arizona ...............
l 8 New Mexico
........... 4
Oklahoma
Texas ................
17 8
Far West
Alaska ................
t
California ............. '2
Hawaii
Nex ada
Oregcm ...............
Washington ........... 1
Supervision
()flicials who serve tl•e limited-income credit
unions are selected [rom and by ttle oroup. AI-
thougtl leadership abilities in a limited-income
community often lic latent t)ecause of: economic
deprivation, the officials have done commenda-
ble work ill attracting potential members into
credit union membership. The Bureau of Fed-
eral Credit lJnions makes l:recluent contacts with
leaders ot: tile credit unions servino limited-in-
(:ome groups to assure ctLltivati(m ()f such leader-
ship and t(} offer guidan(:e in efficient credit
union ma,mgement. BF(:U examiners arc given specialized training to improve their skills in
working with these oTOUps.
To t:urtl•er •ncet the specific needs of credit
unions ill limitecl-inc(mm groups, the Bureau
Ires created a new, experimental position--that ota l:ederal Credit lJni(,• St•pervisor. This role
has been assigned t() a [(nmer Peace Corps \%1-
unteer, Robert ti. P, rees. tie will evaluate the
operations ()F these credit ul•iorts in the Wash-
ington, D.(:., area, make suggestions for im-
provement and ctesion and dexelol) trainino
programs tor otticials. A similar progTam of
assistance to limited-income (:redit unions has
been initiated t)y the Bt•r(-:atz's Boston Regional Office using tile part-tin!e work of students
under the college work-study program.
Comparison of miscellaneous statistics between Federal credit unions in limited-income groups and aH FederM credit unions
Item
Total shares
Number of members .................................
Amount of loans outstanding ..........................
Delinquent loans--number ...........................
Total reserves ......................................
Ratio
Ratio of reserve.{
Ratio of re ............................ i
Ratio o: loans ..............
Amount of h rganization ...............
Am{ 3ff since organization (net) ......
Ratio of loans charged off to all loans made .,2 ....... ....
As of
December 31, 1966
All FCUs in
Limited-Income
Groups
$ 22,634,453
134,025
827,208
16.2% $ 169
$ 19,442,671
48,420
402
$ 1,580,600
6,824
$ 1,485,165
85.9% 8.0£-/2 6.6%
7.6%
94.0%
$209,373,868
$ 987,163
0.47%
All
FCUs
67
•8
FEDERAL
CREDIT
UN|ONS
sT ae Year
In 1966, total assets ot Federal credit unions
increased 8503 million--9.7 percent--and men>
bets' shares increased $406 million--8.9 per-
cent; these gains were about 20 percent smaller
tllan the 1964--65 average. Tile $459 million--
11.9 percent---expansioi• in loans to members, thouo-h smaller than tile record rise in 1965, was
somewhat larger than growth in 1964 (chart 1).
CHANT ].
[.,(),,\b;R (1)t TSTANI)IN(; ANI) •41£3.IBl,iRS' •HARI-S
a'r FEm-aaL (;aEm'r UNIONS, 1960-66
M,lhons
of Dollars
600
400
2O0
0
Ratio Scale
Billions of Dollars
} fl !;};/}i)71} }/! {; Y i}£ ¸I
1 ........
1960 1962 1964 1966
Total assets of Federal credit unions as of
yearend 1966 amounted to 55.7 billion, mem-
bers' shares, $4.9 billion, and outstanding loans,
$4.3 billion. Tl•cre were il,941 operating Fed-
era] credit unions serving about c•, .J.a million
members. At the end of 1966, 55.7 percent of all
individuals within the field ot membership of
Federal credit unions had joined their credit
tiniO{].
The reduced rate of share growth at Federal
credit unions in 1966 accompanied a marked
slowdown in the expansion of consumers' cash
savings at financial institutions generally. Fed-
eral credit union loans, however, continued to
increase at a relatively brisk rate in contrast to
growth in consmner instahnent credit at finan-
cial institutions as a group, which was about
one-fourth less in 1966 than in the preceding 3,ear,
Although there were a few signs during 1966
that the current expansion--the longest sus-
tained period of prosperity in our history-- might be tapering off, performance in most sec-
tors ot! tile economy was more than satisfactory. New records were established in production, sales, profits, and payrolls, and tile unemploy- ment rate fell to its lowest level since 1953. Dis-
posable personal income (income available to
individuals after payment of personal taxes) amounted to $505 billion, an increase of about
7:y, percent.
Personal consumption expenditures increased
7.8 percent in 1966, although part of this rise
reflected higher prices. Consumer liquid savings at major savings institutions increased 517.4 bil-
lion and consumers added about .$6 billion to
their short- and intermediate-term instalment
indebtedness.
At the same time, growth rates of several im-
portant indicators slackened during 1966, and
there was more price inflation than in any year since the mid-1950s. Industrial production leveled off after August, following an earlier
slowdown in the rate of consumption expendi- tures, mainly on automobiles and other con-
sumer durable goods. The financial demands of the conflict in Viet
Nam contributed to a credit shortage and a
sharp rise in interest rates in the early part of
the year. As the money scarcity developed, com-
mercial banks stepped up their competition for
savings by increasing interest rates and seeking
longer-term funds. Long-term certificates of de-
posit carrying higher rates o1! interest were ex-
tensively promoted. Many savings and loan associations responded
by raising their dividend rates. Nevertheless, the
share of the savings inflow going to savings and
loan associations diminished, and the savings inflow to commercial banks increased during the
year, as may be seen on chart 9. In 1966, the
commercial bank share amounted to 59 percent,
compared with 5t percent in 1965 and 38 per-
cent in the 1960-64 period. The savings and loan
association share declined from 44 percent in
9' 1960-64 to ,t percent in 1966. Mutual savings banks gained about 15 percent of the expansion in 1966, about the same proportion they ac-
counted for in the early 1960s, while the credit
union share (Federal and State) edged upward slightly.
CHART 2
INSTITUTIONAL ,%HARES OF EXPANSION OF
CONSUNIERS SAVINGS I•'[ARKE'r, 1960-66
Percent Distribution of increase:
IO0
FCU/'66
Charters Issued
and Canceled
Seven hundred and one Federal credit union
charters were issued and 318 charters were can-
celed during 1966, for a net increase in out-
standing charters for the year of 383.'
Most of the charters issued to Federal credit
unions during 1966 (71 percent) were granted to occupational groups which comprise more
than four-fifths of the total number of operating Federal credit unions (chart 3).
CHART 3
CHARTERS ()UTSTANI)ING, DECEMBER 31, 1965, AND CHARTEI¢S ISSUED AND CANCELED, 1966,
BY mY['l:. OF •'VII•_MBERSIHI ,
Percent
] O0
Total
Associ- ational
8O
60-
Total
40 ----Occupa- tional
20--
Outstanding Charters Charters
charters issued canceled
12/31/65 dur ing during 1966 1966
0
1960-64 1965 1966 Increase Average $26.2 $17.4
during period $21.7
(Billions)
NOTE: Represents savings accounts of "Households" sector as pub- lished in Flow of Funds statistics by the Board of Governors
of the Federal Reserve System.
Four percent of the charters granted in i.0(i6
were to residential credit unions, qThis was
about double the percentage ot! Federa! credit
I)ifferences between the increase in outstanding cl•artcrs alld the ill£1case of 2508 ii! opcratiug t:c(Icral ,,:rcdi• uv, ions
arc caused toy lags between isstlc of CN•II[CI" Hlld C(lt/IIIICII((>
mCUt of operation, and changes in the number of <,:J
unions in liquidation.
unions <•}>c,.-ati•,o.._• i),, tt•c residential category at
the end •{ !9{15. reflecting, ill part, increased
efforts ctt.,•i!•g t!•c year to bring Federal credit
union set, ices t<) limited-it•come groups.
CHART 4.
CHAP.TF.IZS ISSl. KI) T() I;'KI)I:IIZAI. CREDIT [aNIONS
IN ]9{i(1 .,\S ,,\ PF.P.CEN'r,•xt;E OI: (.•HAP.TERS
Otqs>x.x•)ING o× I)l•:(:]::•Im.LR S1, 1(.)66
S:a•c
Khode &•and
Soufl• Cerohna
Norlh Dakola
New b%x•co
M;• sis•ipp;
Illinois
Arkon•o•
FJorida
Sou•h Dokolo
Arizona
Kentucky
Deiowere
V•,gin;o
Georgia
Maryland
Indiana
Norlh Carol ina
Minnesota
Massachusetts
Aiabama
California
We•t Virginia
Maine
Nevada
Pennsylvania
U.S. Average
Alaska
Loulsiano
New Hampsh;re
New York
Colorado
Texas
New Jersey
Ohio
Woshlnglon
idaho
Oklahoma
Kansc•s
Puerto Rico
DC.
Connecticu•
Missouri
•'yoming
Tennessee
Hawaii
Utah
Michigan
P•rcen•
m
m I
m m
m
m m m
m m I I
m m
/
5 10 15 20 25
U
I
I
mm ,
•m
[] []
!1
| 3 |
i• ,i! I • i• •
• iii
I •ii: • 14 !iii ii• •
i!i •I• i •i
�
¸¸1¸¸¸¸7¸¸¸¸ �
m ¸
"
Ii []
!
NOTE: No charters •ere ,ssued m 1966 m Mon•ano, Nebraska, [owe. Vermonl, Wlsc•sin. Canal
Zone, Guam. •nd •he V,rg;n •sta•ds The las• si• o• the•e iu•isdlc•ions as a group account
for o total a! only 2• auTo,and;rig F•d•ral c•ed;t union charters.
Most ot: tl•e charters issued in 1966 were in
States in wt}ich a relatively large ntm•ber o[
Federal credit unions were aheady in operation. Forty-seven percent at: the new charters in 1966, for example, were issued in six States--Ca!i-
l:ornia, Pennsylvania, New York, Illinois, Texas, and Indiana. Tt•ese States accounted {:or about
43 percent at: the number ot! Federal credit
unions in operation on December 31, 1966.
A comparison of the nun•ber of! charters is-
sued in 1966 with the number outstanding shows that there was a high level ot: chartering activity in several States that had relatively few
Federal credit unions (chart 4). In terms of rela-
tive chartering activity, the highest ranking o[
the six States menricmed above was Illinois, which ranked sixth. Only 3 percent of the total
number of Federal credit unions in operation as
of December 31, 1966, were in the top five States
shown on chart 4.
Charter cancellations in 1966, at 318, con-
tinned at the same rate as in other recent years.
Cancellations were distributed among member-
ship categories in about the same proportion as
operating Federal credit unions. For the most
part, liquidations were due to disruption in
fields of membership such as a plant closing, a
lack of need for the credit union for other
reasons, or unavailability of personnel to man-
age or operate the credit union.
More information on chartering and liquida- tion activities during 1966 is contained in the
section, "BFCU Activities," of this report.
Sheet
E)eve opments
Despite developments that affected the com-
petitive relationships between major financial
institutions, Federal credit unions maintained
their position in the savings and credit markets
reasonably well during 1966. •gith their savings inflow reduced, however, they were forced, in
order to meet their members' credit demands, to reduce their shareholdings in savings and loan associations, curtail their use of funds in
other major types of investments, and borrow.
CHART 5
INVESTMENTS OF
FEDERAL CREDIT UNIONS,
1957-66
Millions of Dollars
1000--
800 --
600--
4OO
200
1958 t 960 t 962 1964 1966
qncludes a relatively small amount of Federal Agency Securities
beginning in 1964, see Table 1.
Table l.--FederM Credit Union
Operations, 1966 [Dollar amounts in millions]
Item
Number of operating Federal credit unions ___
Number of members .....
Total Assets/Liabilities and Capital ..........
I,oans to members ........
Cash ....................
U. S. Government
obligations .............
Federal agency securities __
Savings and loan shares ___
Loans to other credit unions
Other assets ..............
Notes payable ............
Accounts payable and
l)e c'. !•1, 1766 _•Cbang, dt, ring _1261i 7"er- I 1
Number I centagcl Number [ or |distri-I or {
ll,(`•tl l .... l 39s I :,..i
9,271.967 | -7-7.[ 631,407 I 7.3
.....................
7-I--L7 ..........................................
29 10.6 305 ] 5.4
125 I 2.2 24 23.8 52 I "q ,t0 3:t5.8
685 12.1 --89 --11.5 116 1 2.1 32 37.5
l_: 2 s 15.o
116 2.0 20 21.3
34 t -•f 5
,1,94,t 87.2 ,t06 :,12 I 5.5 I .!4 16.6
5 .I (•t 22 .41 -i
236 ,t.2 l
other liabilities ......... 18.8
Shares ................... 8.9
P, egular reserve ..........
Special reserve for
delinqttent loans ........ 2.5
Other reserves =
........... 21.1
Undivided earnings a ...... 23 11.0
t Increase of less than $50(,0(0. 2 Reserv(" for colltingencies aneI spetial reserve for losses. a Before payment of yearend divklends.
FCU/'66
For the first time since 1960, annual growth in loans of Federal credit unions exceeded the
increase in shares? Reflecting the widespread shortage of loanable funds, growth in invest-
ments of Federal credit unions in 1966 was the
smallest in six years (chart 5). Increases in
U. S. Government obligations (including Fed-
eral agency securities) and loans to other credit
unions were almost entirely offset by a decline
in savings and loan association shares, as table
1 shows.
Reserves
The Federal Credit Union Act requires that
Federal credit unions set aside 20 percent of
their net earnings in each dividend period in a
regular reserve until such account equals 10 per- cent of members' shares. The purpose of the
regular reserve is to provide an account against which uncollectible loans may be charged off.
Regular reserves increased 16.6 percent to
.$312 million in 1966. As of yearend 1966, regu- lar reserves an:ounted to 6.3 percent of total
shares, an increase of 0.4 percentage points from
the preceding yearend, as table 2 shows.
Table 2o•ileserves• Net Earnings, and
Shares in Federal Credit Unions, 1_947-66
Reserves :is
[)erce.nt of Percent change fronl
metllbers' shares preceding year ill:
rcaF aiItt asset ..............................................................
size grotlp •lelll - act
t•.cgular Total bers' lRegular I "t't)tal ear,:>
reserves reserves
.................. share•er,es lreserves ings
1!H7-52 (av.) ........ 3.3 3.5 2,t.t [ 2t..i 24.9 39.6 1953-58 (av.) .......... :/.7 i.0 20.4 t 25.3 26.5 25.0
1(.t5!) .............. 4.,i .t.9 t4.5 21 .I 19.9 16.0 1960 .............. 4.8 5,2 13.0 21.7 5).0.8 21.3 196i ............. 5.0 5,5 I't.0 I9,9 19.8 13.8 1962 5.3 5.8 13.0 I(`}.7 19.3 15.(i
1963 ..............
t 5.5
'
6.0 i4�3 i9�3 19.3 i4.9 1961 .............. 5.6 6. t 16.4 I8.4 I t8.5 15.7 1965 ___
• • 9 6.t 13.0 t8.2 i t7 ( !6.0 ! 9(iIi i
........... • ":
......
6.3 6,.q ,•k9 t6.{; [ 16.7 !2.q
Asset size (in !
thousands1 : •
]
I.ess than $500 ___• 5.9 6 3 2' 0 i 8.9 [ 8'4 r, 2
SiOO-SI 999 ...... ] (;.5 7.! 5 '; [ 2 7 i I9 5 }.(.a 82,0(}0 alld OV ......
'
{).3 ('}.1-} I'I-': I 23.• i 23. ii 1():'• $
i i•,ical;down 1)} asset size showll below.
A total of 1,277 Federal creciit unions, ::0.7
percent oil t:l:,,)se il• operatioll, b.ad regular :-e-
serves amoui-::iiY•.• to 10 .perceI:t o:- .more of q,-,-t.,•i•
: l,oan growth in 19(30 was stimtzlate,,:{ t>,; scvcrai utajof amc•:dmcnts t(> :he Fcdc:a! C:cdit [::ion Act ip, the prc- ctxling- xcar.
::::are:: :>:: c-l: vca:-e::d 1!)(7(7, •Sen to', !2.5 pe:-:c:::t el Fede-r! credit d:nio::s is'_, each asset size diass
::}'•;:.vn <u: cL.:':t ,q [•.ad :cached o: passed tl:c :,0-
percent 2¢m:. £he proportion ]mvip.o teat]red
:'C •[:}: "i\'•£s scq.:tctvi:at i:ioj•c t, [:0: Fc.derai ,"•cC i,
:: ::.,'? :.:-: •-,iti: assets o!: S500 thousand or :•:<',re
LI•: i:. i-.,r Sz!•t,:C: C'.,'CC]iE L::liOYIS. Z•kHiOllg {tile ]::,voev
Yedcr:.:! oredit .::::ions, only about 30 pe:ce::t ::aci :c::;l.:ia:-:eserve :aries el less than 5 per(ont. /..i:_,:ost 55 i..'.crce::- el the 9,4::5 Feclcrai credit
::::•<:::,:. ::: •h•, iess tit:::: :;500 thousand ca•c:,orv
had a r<?::::iar-reserve-to-share ratio of less than
5 >e:c e:.•<
CHA•T6
........ h. •,,_.:.,,[, .... R }•.ES[.:RVES TO •'•I-IARIi:S OF
?!;:Dr::,"./-..:. CREDVF [JNIONS BY ASSET SIZE el.ASS, DECEM•a 31, !966
Asse• size and
number in group
$1,000,000 and
over 1,3t8
Less than $5'00,000 9,445
$500,000- $999,999 t, 178
Percent
0 20 40 60 80 100
il II--
/ !
f
The regular reserve ratio for Federal credit
unions as a group has approached the 10 per- cent goal very slowly in recent years. The ac-
count is, of course, reduced by the net amount
of loans charged off by operating Federal credit
unions during the year. In 1966, such chargeoffs by operating Federal credit unions totaled about
$13 million.
In addition to their regular reserves, Federal credit unions hold reserves in various other
accounts, such as reserves for delinquent loans
and reserves for contingencies. These accounts
10
': '
522 ,:::::: ....
i•.•>,:: I()SC "I r•'-•-:•
a •S•i), [:(:1 ..
• * •:'-•:: •:.<, ()i VC:I!'C!I(i- .... .r-
•-•'
: a::!O 0} a:• types --' t)l ICSL-I\CS tO [()ta.] Sh21< :
as or I)eccmber •{I. •c'"•" (1.9 - �
, :Jot,'-, WaS DC]ccI]E.
LO/,.N-'ro-S_V.:AR:: AND L QL::b-::\SSET I<ATiOS OF
}:Ii:DERAL CRIi:DIT UNIO',:S, !:l" ASSET .%IZI:
C:.ass, D:<c_:!:Mmi:a 32.', !957-66
Percent LOAN-TO-SHARE RATIO
90¸¸¸
Less then $500 •
,,, 1%-• • $1Million and over
80--
$50025999;9 thO.•O"a #
#
% #
70
0 I I I % I I I t I I
1958 1960 1962 1964 1966
LIQUID ASSET RATIO'
1958 1960 1962 1964 1966
iRepresents the sum of U,S. Government obligations and savings and loan o•o¢ietion *hore:• minu:• not• payable a• o percent of total a•set•.
Loan-to-Share and
Liquid-Asset Ratios
Loan-to-share ratios of each of the three major asset size classes of Federal credit unions, shown
in the upper panel of chart 7, again increased in
1966. The ratio for the $1 million and over
group reached 87.9 percent, substantially above
the high of 85.1 percent in the preceding year.
Ratios for the smaller size groups remained be-
low their 1960 highs. Federal credit unions became less liquid in
1966 as their loans and notes payable increased
considerably more than their holdings of U. S.
Government obligations and savings and loan
association shares. Except for the largest size
group, liquidity ratios remained above the 1960
lows, as may be seen in the lower panel of chart
7. The decline in liquidity for the largest size
group has been especially marked over the Iast
decade, with the ratio declining from 24.7 per-
cent in 1958 to 13.1 percent at the end of 1966.
FCU/'66
Tile largest single expense item is salaries, which comprised 40.9 percent of the total.
Borrowers' protection and life savings insurance
comprised an additional 23.3 percent. Other
expenses, which include a wide range of items
CHART 8
LOANS TO OTHER CREDIT UNIONS AND NOTES
PAYABLE OF FEDERAL CREDIT UNIONS, DECEMBER 31, 1957-66
Assets of
Millions of Dollars $1,000,000 and over
6O
Loans to Other Credit
Unions and Notes Payable
Loans made to other credit unions expanded sharply (37.5 percent) during 1966, as chart 8
shows, tn general, large Federal credit unions
are creditors and smaller credit unions are net
borrowers.
Reflecting the slow growth of share capital in
relation to loan demand in 1966, Federal credit
unions also increased their borrowing. Notes
payable rose 21.3 percent and had reached $116
million at yearend. Most borrowing by Federal
credit unions is from other credit unions and
commercial banks.
F•com@ •nd Expenses
Total income of Federal credit unions
amounted to $456 million and total expenses to
$173 million in 1966, as table 3 shows. Net
income totaled $283 million, a 12.6 percent
increase from the preceding year.
Nearly all of the income earned by Federal
credit unions is from interest charges on loans
to members. Such income amounted to $407
million in t966.
2O
0
40
2O
4O
2O
$500,000-$999,999
1 t I ! I 1 1 I 1
Less than $500,000
I I l I I I I I I
1958 1960 1962 1964 1966
tl
Table 3.--Ineonle and Expenses of
Federal Credit Unions, 1966
In( roast
Calendar •ear 191;6 [ (luting 961
!
Income and expenses Per.
ceil]age I distri- kIln)tl n t I
bution "
(millions) [I'cr(cnt
1 (/0.0 S51 [ t 2.5
•i,;i • ........
•i,, .....
I- ,
10.2 11..t
.7 "t.t .2
Ainonnt
',millions)
$'t56
'1(17 46
173
71 24 16
5
2
Total income .............
Interest on loans ............
Income from investlrlents ....
Other income ...............
Total expenses ............
Total salaries ...............
Borrowers' protection insurance
Life savings insurance .......
I.eague dues ................
Surety bond premiums .......
Examination and supervision fees ...................... 5
Interest on borrowed money __ :5 Cost of space occnpied ....... 3 Educational expenses ....... 3
Other expenses .............. 38
Net income ................ 283
100.0 I�) I 12.3
't0.9 ,, , 10.1
13.8 "' ' 12.5 9.5 " ' 13.4 3.0 ( • ) I 9.3 1.2 ( ' • i 6.0
3.0 [ (•) 3.5
3.01 i I 19.o 1.9 [ (•) I 1"1.0
1.9 (') I 12.8 21.8 6 [ 17.3
=:• ............
72 =::
, f
12.6
Less than $500,000.
that are individually small, accounted for a
relatively large 21.8 percent of the total.
Although not large as an expense item, interest
on borrowed money increased sharply in 1966
reflecting the increased use of borrowed funds.
The amount of gross income of Federal credit
unions has increased more than four times in
the last 11 years, from $106 million in 1956 to
$456 million in 1966. There have also been
significant changes over the period in the allo-
cation of gross income, as chart 9 shows. The
Table 4.•Federal Credit Unions Grouped by Annual Rate of Dividend, June 30 and
December 31, 1966
Dividend based on shares at--
December 31 une 30
Annualdividendrate of
Num-Num- ber
Number
ber
operating
I 11,941 Dec. 31 ......... 11,941
Credit unions paying I no 1,275 dividend ..... ] 1,275
Credit unions paying] dividend, total ---I 10,66(Z 10,666
I
325 Less than 3 percent_ 325 563 3 to 3.9 percent ___ 565
4 to 4.9 percent --- 4,4254,425 4,536 5 to 5.9 percent ___ 4,536
6 percent ......... 817
Percent based on--
Num- ber Num-
operat- ber
ing paying
100.0 ....
10.7 ....
89.3 100.0
2.7 3.0 4.7 5.3
37.1 41.5 38.O 42.5
6.8 7.7
Nl_lm- ber
11,941
9,254
2,687
5O 61
1,250 1,170
156
Percent
based on--
Ntlnl- bet Num-
operat- ber
ing paying
I00.0 ....
77.5 ....
22.5 100.¢
.4 1 5.
.5 2.• 10.5 46.5
9.8 43.5 1.3 5-•
12
proportion allocated to dividends on mernbers'
shares has risen from 42 percent in 1956 to 46
percent in 1966. Salaries, on the other hand, which accounted for 20 percent of oro g ss income
in 1956, absorbed only 16 percent of the total
in 1966.
Payments for borrowers' protection and life
savings insurailce ac('otlnted for 9 percent of
gross incolne in 1966, colnpared with 8 percent 11 years earlier. Fees and dues (including Federal examination and supervision fees) took
2 percent of gross income, down from 3 percent at the beginning of the period.
CHART 9
DISPOSITION OF GROSS INCOME
OF FEDERAL CREI)IT UNIONS,
S ELE(YIEI) YEARS
Percent
100
80--
60--
40-
20--
1956 1961 1966
Retained
earnings
Regular
Other
Fees & dues
Insurancel Total
expenses
Solarles
Dividends
•Represents borrowers' protection ond life •,ovings insuratlce
Dividends and
interest Refunds
About 89 percent of all operating Federal
credit unions paid a yearend dividend, and
22.5 percent paid a midyear dividend in 1966,
as table 4 shows. The proportion paying a mid-
year dividend was somewhat larger than in
1965.
Dividend rates paid by Federal credit unions
again increased in 1966 as they have in most
recent years (chart 10). The median rate paid by Federal credit unions that declared a year-
end dividend was 5 percent. Nearly 8 percent of the total paid a dividend rate of 6 percent,
the maximum permitted by Federal Credit
Union Bylaws.
Tile upward shift in yearend dividend rates
in 1966 was ttle sharpest since 1960, as chart 10
shows. The proportion of Federal credit unions
that paid less than 3 percent has remained
relatively stable at 12-14 percent in the last
few years. The proportion paying 4-4.9 percent
declined from 43 percent in 1959 to 37 percent in 1966.
Dividend rates paid by Federal credit unions
FCU/'66
and savings and loan associations vary according to the region of the country (chart 11).
On a national basis, the proportion of Federal
credit unions that paid a yearend dividend of
5 percent or more was about 3½ times larger than that of savings and loan associations. At
the same time, very few savings and loan asso-
ciations paid less than 4 percent while about
8 percent of Federal credit unions were in this
category. In general, regional dividend-rate patterns
for Federal credit union and savings and loan
associations are similar, as chart 11 indicates.
Highest rates paid regionally by both institu-
tions were in the Southwest and Far West. In
tile Far West, nearly 88 percent of savings and
loan associations paid a rate of 5 percent or
more. Seventy-one percent of the Federal credit
unions in that region paid 5 percent or more.
Dividend rates paid by Federal credit unions
and savings and loan associations tended to be
relatively low in New England, Mideast, Great
Lakes, and Plains States. The proportion of
Federal credit unions that paid a dividend rate
of 5 percent or more as of yearend 1966 ranged from 32 percent in New England to 75 percent in the southwestern part of the country.
CHART l0
DIVIDENI'• RATES PAID BY FEDERAL CREDIT UNIONS AS O'F YEAREND, 1959-66
Percent
100
80 5% o,
more
1962 1964 1966 1960
4-4.•
3-3.•,
Less than 3%
None
13
CHART 11
DIVIDEND RATES PAID BY t;'E1)I!:RAL CRH)IT UNIONS AND SAVINGS ANI) LOAN ASSOCIATIONS,
BY REGION, DECI-MBER 1966
[] 5p ...... [] 4.0-4.9 • 3.0-3.9 [] L .... hon and over percent percent 3.0 percent
25 50 75 100
New FCU's • [
Eog,and •L's v-///////.>//////.•'•///'/////////-• - I I
M•deos, iiI•.//"//•///"///..•//• •-/////..5"////////>////////..>//////.•.
Southeast
Great
Rocky Mt. •• •-///.>'./•////////..>.///////.•
Southwest
- I F ..... ,
•/"////.//A:• L__ ?'.//5
- I Other --///////////'./.d A .... Y/"/'///////'//.//./////.///./////2.///////•
All ,i,
i i
A .... •.-'//////.//////././/////..• •/'/,/./////, - I I
NOTE: States and territories comprising the areas shown in this chart are contained in tables in the Statistical Section of this Report, Data for savings and loon
associations were made available by the Federal Home Loon Bank Board. They cover about 98 percent of FHLB members and represent dividend rates
effective as of Jcmuary 1967.
A smaller proportion of residential- and asso-
ciational-type Federal credit unions paid a
dividend at yearend 1966, and those that paid a dividend paid a lower rate than occupational credit unions, as table 5 indicates. About one-
fourth of the associational and residential
groups paid 5 percent or more, compared with
55 percent in the occupational category. Among the occupational groups, military credit unions
paid the highest dividend rates in 1966, with 69
percent paying 5-6 percent. In the main, the Federal credit unions that
did not declare a dividend in 1966 were small, as may be seen in the lower portion of table
5. Of the 1,275 that did not pay a yearend divi-
dend, 802 (63 percent) had assets of less than
S10,()00. Many of these were ctlartered during the last year or two and had not yet become
firmly established.
Among the dividend-paying credit unions, the laI'g;er credit unions tended to pay a higher dividend rate than the smaller groups. More than two-thirds oi: the smallest size group paid 4 percent or less, compared with 1.5 percent of the largest size ,Zroup in this low-rate category.
Regular Reserves and
Dividend Rates
The yearend 1966 dividend rate paid by each
Federal credit union, cross-classified by the per-
centage of regular reserve to members' shares
at the credit union, is shown on chart 12.
In general, the higher the regular reserve
ratio the higher the dividend rate paid, al-
though there were a fairly large number of
exceptions to this. Relatively few credit unions
with regular reserve ratios of 10 percent or more
paid dividends of less than 3 percent. Some
Federal credit unions with high reserve ratios
paid no yearend dividend, ahhough many of
these may be on a midyear dividend basis.
There was wide variation in the reserve ratios
of Federal credit unions that paid a 6 percent dividend, from a few that had ratios of less
than 1 percent to others that reported ratios
of 21 percent or more. The frequency of obser-
vations in the top left corner of the diagram-- i.e., Federal credit unions with low reserve
ratios that paid a high dividend rate--was
surprisingly high.
Interest Refunds
Interest refunds were paid to borrowers by 2,466 Federal credit unions on December 31, 1966, as may be seen in table 6. This was fewer
than at yearend 1965, when 2,549 Federal
credit unions made such refunds. The decline
in the number of credit unions that paid interest refunds partly reflects a greater use of
earnings to pay dividends on shares as a result
of the stepped-up competition for savings in
1966.
14
FCU/'66
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z
z
c•
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¢xl
o
©
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z
z
m
h
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: .* .
o
: : : : : :
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: : :o." : : :*. -:.. � : .
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** :
. .. =-: :.: : : ;-" = .
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: : I : .:: : "':; � "; -" .* i
� . ° . . �
� . e -° � * ° °
"-
: " : " .': " :: "
I : "', " .' °
°. . ." � ,: :-• :: •. "*," I
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: : .'..: : : : :-
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15
Tal)le 5.--Federal Credit Unions Paying Dividends on December 31, 1966, by Economic Area, Type of Membership, and Asset Size Class
................................................... l
..................
_Paying l)i•idend 1 l)ividend Rate (Perce t)
F-•Imomic Area, Type Operating t t Pexe t (f [ l.ess of Mcmlwrshit,, :rod l)ec. 31. |Number ] than [ [ 't.01 ] I 't.51- [ [ 5 0 - I I 5 51- ]
Asset Size Class 1966 Number I Operating ] -t10 I -t.00 [ 449 I 450 [ ,t ({ ] 500 ] 5"tl I 5'5( I ";'•'cq 6,00
Number of Federal Credit Unions
10 066 80 .... 'I 888 !1 ?,8't "•89 "1 q09
.......
75"0--- 9.979 =88 ~
__!)!• 11.9'tl ,12.9 •/ _=, .......
-
..... ,: ....... =_=. ..... _ ......
817 New England ................... 873 7111 90.6 57 126 54 218 85 ] 181 [ 20 [ 3't 2 1"t .\lideast
......................... 3,123 2,812 90.(1 39"1 ] "t58 t211 5{)8 227 I C•l [ 120 [ 1,t8 9 107 Southeast
....................... 2,t03 1,783 84.8 124 181 30 25(1 92 I 586 [ 77 ] t73 I 12 (;rear l.akcs
..................... 1,81t2 1,689 89.3 157 33 82 '/"l•0 141 ] .119 [ 43 | 65 1 258
Plai ......................... ..... t08 372 91.2 29 ! 6,t 211 "84 2i I -96 [ 1"6 | 2i" 71 6717 Rocky Motto(air,
................ ,t82 "t't9 93.3 28 .t9 1't 78 "/9 [ 157 ] 28 | .3•J 6 17 Southwest
....................... 1,176 1 050 89.2 28 6 I 10 I l-t 38 [ 382 ] 82 / 39 22 166 Far •.Vcst
....................... 1,8!12 1,677 91.5 70 100 32 179 106 I 52/7 ] 202 | 25i• ,t0 158 OOler Areas' 52 't3 82.7 2 6 ___ 8 [ 6 I --- | 7 ___ 13
"l+otal ...................
New l(nghtnd ....................
M ideast ........................
Southeast ......................
(;rear l.ak(:s .....................
Plains ..........................
Rocky Mountain ................
Sotl t h',vc:;t .......................
Far \Vest .......................
Other Areas• ...................
ASSOCIATIONAL GROUPS-- TOTAI
...................
OCCUI'ATIONAL GROUPS-- TOTAL
..................
MaDII facturing ..................
"I'raIlspor tat{on, Communications, and Utilities
..................
Wholesale and Retail Trade .....
Services .........................
Goverlllnen t ....................
Federal Government ...........
Civilian ....................
Military ....................
State' and Other Government ___
Other Occupational Groups ......
RFSIDENTIAL GROUPS-- TOTAL
..................
ASSOCIATIONAL GROUPS-- TOTAI
...................
OCCUPATIONAL GROUPS-- TOTAL
..................
Manufacturing ..................
Transportation, Communications, and Utilities ..................
Wholesale and Retail Trade ......
Services .........................
Government ...................
Federal Government ...........
Civilian ....................
Military ....................
State and Other Government ___
Other Occupational Groups ......
RESIDENTIAL GROUPS-- TOTAL
..................
Less than $10,000 ...............
$10,000-$24,999 .................
S25,000--$49,999 .................
S50,000-$99,999 .................
$100,000-$249,999 ...............
S250,000-$499,999 ...............
$500,000-$999,999 ...............
$1,000,000-$1,999,999 ............
$2,000,000-$4,999,999 ............
$5,000,000 and over .............
Less than $10,000 ...............
$10,000-$24,999 .................
$25,000--$49,999 .................
$50,000--$99,999 .................
$100,000-$249,999 ...............
$250,000--$499,999 ...............
S500,000-$999,999 ...............
$1,000,000-$1,999,999 ............
$2,000,000--$4,999,999 ............
$5,000,000 and over .............
I)ercentage l)istribution
•_- i 01•0 ......
__• 8.3 •13.0- 3.6 17.{) 7.0 i•-- --- 1100.0 --_ 7.2 5 (• 6.8 27.6 10.7 I 22.{) --- I 100.0
___ 14.0 16.3 ,t.7 21.2 8.1 i 22.0 ___ |lOO.O ___ 7.0 10.1 1.7 1,t.0 5.2 I 32.8 _._ ] t00.0
___ {1.'1 t9.15 ,1.9 22.5 8.3 I 2't.8 ___ |101t.0 ___ 7.8 : 17.2 7.8 22.6 b.b I 2.t.2 ___|100.0 ___ 6.211/.9 3.1 17A 8.7 135.1 ___ |100.0 ___ 2.7 : 6.610 10.9 3.o I 36.3 ___ | 100.0
___ 4.2 6.0 119 t0.7 o.3 I 32.0 100 0 ,t 7 14 0
..... _
---1 .... _...
. 18.6 2.3 I l,t.O
Number of Federal Credit Unions
Canal Zone, Guam, Puerto Rico NOTE: For a breakdown by State
----1,8't8 9,8,10 [
[
4,573 [ 1,058
551
1,5i3 [ 1,88.1 )
980 I 656 [ 324 [ 90,1 I 261
25•1
1,067
]
1,162 1,339 1,758 2,536 1,583 1,178
733 453 132
t ,488
8,98,t
,t,143
1,014 504
1,295 1,788
953 641 3t2 835
240
19't
80.5
91.3
90.6
95.8 91.5 85.6 94.9 97.2 97.7 96.3 92.4 92.0
76.7
100.0 ___
100.0 ___
100.0 ___
100.0 ___
100.0 ___
100.0 ___
100.0 ___
100.0 ___
100.0 ___
100.0 ___
100.0 ___
I00.0 ___
I00.0 ___
265
I 24.8
917 78.9 1,230 91.9 1,700 96.7 2,499 98.5 1,565 98.9 1,176 99.8
729 99.5 453 100.0 132 100.0
--- i 100.0 ___
---
] 100.0
___
___ 100.0 ___
___ I00.0 ___
-__ I00.0 ___
-_- I00.0 ___
___ IO0.O ___
-__ I00.0 ___
--- I00.0 ___
--- 100.0 ___
265 382
5!)6 959
315481
43 109 34 60
128 166
6,t 132
23 54 15 47
8 7 41 78 12
27
96 "l I !1
273 ,539
t18 7'11
38 176 10 71 4I 235 1t0
51t 290 161
35 160 103 25 121 69 10 39 3,!- 24 130 58
11 7 26 21
43 13 57 9
Percentage Distribution
17.8 25.6
6.6 10.7
7.6 11.6
4.2 10.7 6.7 11.9 9.9 12.8 3.6 7.4 2.4 5.7 2.3 7.3
2.6 2.2 4.9 9.3
5.0 4.6
13.9 22.2
Number of
56 291
685 2,658
307 1,155
49 310 37 152
382 585 330 223 107 255
74
30
6.5 21.0 3.8
3.0 17.1 7.6
2.8 17.9 7.4
3.7 17.4 ,t.8 2.0 14.1 7.3 3.2 18.1 8.5 3.3 t6.2 9.0 3.7 16.8 10.8 3.9 18.9 10.7 3.2 12.5 10.9 2.9 15.6 6.9 2.9 10.8 8.8
6.7 29.4 4.6
108 70 236 236 166 276 130 262 128 273
62 139 39 82 14 32
5 12
--- 2
Federal Credit Unions
2 36 5 16 164 19 26 236 30 46 328 95 82 488 172 83 286 159 65 185 127 39 116 84 17 60 48
6 10 11
Percentage Distribution
19.5
29.7
27.9
30.7 30.3 29.5 32.7 34.6 34.9 34.4 30.5 30.8
15.5
40.7 |26.4 I .8 25.7 1 25.7 t 1.7 13.5 22.4 i 2.i
7.6 15.4 2.7 5.1 I 10.9 1 3.3 4.0 I 8.9 i 5.3 3.3 I 7.0 I 5.5 1.9 I 4.4 I 5.3 1.1 2.6 3.8
--- 1.5 4.5
5.5
2.5 4.3 4.3 2.5 4.3 (';.2 7.8
12.0
8.2 .9 7.7
4,3 .3 1.8 5.3 .3 3.8 9.7 .7 14.5 3.7 .4 4.0
5.6 .3 ,t.6
7.3 1.3 3.8 13.2 2.1 15.8 15.1 2.4 9.4
16.3 ___ 30.1
15 35 1
570 82{) 97
221 355 50
67 10,1. 9 37 ,t9 3 75 101 9
139 192 21 89 91 13 48 56 2 41 35 11
50 101 8 31 28 5
3 6 1
1.0 2.4 .1
6.3 9.2 1.1
5.3 8.6 1.2
6.6 10.3 .9 7.3 9.7 .6
� 5.8 7.8 .7 7.8 10.7 1.2 9.3 9.5 1.4 7.5 8.7 .3
13.1 11.2 3.5 6.0 12.1 1.0
12.9 11.7 2.1
1.5 3.1 .5
34
778
400
109 51 48
145 55
35 20 9O 25
2.3
8.7
9.7
10.7 10.1
3.7 8.1 5.8 5.5 6.4
10.8 10.4
2.6
33 ___ 4 --- I 7
159 8 36 1
]
42 342 18 69 2 65 527 50 141 7 114 748 142 225 17 224 444 105 140 16 131 344 94 104 20 116 212 86 65 13 68 131 63 65 14 38
39 22 21 9 12
13.6 1.9 12.5 17.9 2.1 17.4 19.2 2.4 27.8 19.3 5.6 31.1 19.5 6.9 29.9 18.3 10.2 28.3 15.7 10.8 29.3 15.9 11.5 29.2 13.2 10.6 29.0
7.6 8.3 29.6
1.5 -__ ___
.9 3.9 .I
1.5 5.6 .2 2.9 8.3 .4
5.7 9.0 .7 6.7 8.9 1.0
8.0 8.8 1.7 11.8 8.9 1.8 13.9 14.3 3.1 16.7 15.9 6.8
and the Virgin Islands. and detailed type of membership, see tables 11 and 12 of the Statistical Section of this Report.
2.6 4.6 5.3 6.7 9.0 8.4 9.9 9.3 8.4 9.1
16
FCU/'66
Table 6.--Federal Credit Unions Grouped by Rate of Interest Refund to Borrowers,
June 30 and December 31, 1966
Rate of interest refund
Number operating Dec. 31 ..............
Credit unions paying no interest refund ....
Credit 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 .........
qO percent and over .....
t Less than 0.05 percent.
Interest refund at--
December 31
Percent
based on--
Num-
ber Num-
Num- oper- ber
ber ating paying
11,941 I00.0 ---
9,475 79.3 ---
2,466 20.7 100.0
72 .6 2.9
553 4.6 22.4
1,119 9.4 45.4
76 .6 3.1
343 2.9 13.9
281 2.4 11.4
22 -2 .9
June 30
Percent
based on--
Num-
ber Num-
Num- oper- ber
ber ating paying
11,941 100.0 _--
11,742 98.3 ---
199 1.7 100.0
10 .1 5.0
47 .4 23.6
89 .7 44.7
3 (') 1.5
28 .2 14.1
21 .2 10.6
1 (•) .5
Less than 2 percent of operating Federal
credit unions made refunds at midyear. The
median interest refund rate at both yearend and midyear was 10 percent.
Share Accounts at
Federal Credit Unions
A large proportion of share capital at Federal
credit unions was held in relatively few large
accounts at yearend 1966. Almost 43 percent of
share capital was in accounts larger than $2,500,
which made tip 5 percent of total accotlnts
(table 7). At the other extreme, 75 percent of
accounts of $500 or less provided only about 14
percent of total share capital. Most of the bor-
rowing members of! Federal credit unions are
in the small share-account category.
As might be expected, there are characteristic
differences in the size distribution of share
accounts between large and small credit unions.
I.arge credit unions tend to be more dependent on large share accounts to meet their capital needs than are small credit unions, as table 7
shows.
A• Federal credit unions with assets of less
than $100 thousand (the four smallest size
groups shown ira taMe 7) , for example, only 0.6
percent of the accounts were larger than $2,500, but these accounts provided 11.2 percent of
total share capital. Among the three largest size
groups in the table, share accounts larger than
$2,500 comprised 7 percent of the total number
and supplied almost one-half of share capital.'
Operating Ratios and
Averages for Federal
Credit Unions
Ratios and averages for Federal credit unions
by asset size and major type of membership cate-
gory as shown in table 8.
Occupational-type Federal credit unions out-
number associational and residential groups 5
to 1. Occupational groups, with average a•scts
of $541 thousand, are about twice as large as
other Federal credit unions. The average share
account is larger, and the average loan is smaller,
for occupational groups than at other types of
credit unions.
The amount of loans delinquent 2 months or
inore as a percent o15 total loans outstanding at
occupational groups, at 2.8 percent, is less than
half the rates of other groups, and reserves as a
percent of delinquent loans are much higher than at other rnemtgership types. Also, the per-
centage of actual to potential membership at
occupational Federal credit unions (63.2 per-
cent) was considerably higher than for Federal
credit unions in othel- meinbership categories. Lower ctelinquelacy aim higher member-
participation rates at occupational groups may
be the resnlt of the fact that such credit unions
frequently have payroll deduction arrange-
ments which facilitate prolnpt repayment of
loans and regular savings programs. Federal
credit unions whose common bond is their
members' occupation also are usually con-
veniently accessible to their members.
As may be seen in table 8, there are charac-
teristic differences in operating statistics that are
In an effort to encourage Federal credit unions to broaden
the capital base of their credit union by promoting thrift
among their smaller shareholders, the Bureau revised its
Thrift Honor Award Program in 1966 to rccognizc growth in small savings accounts. "lhc new program is descril)cd,
and the names of awar(Iccs for 1966 arc listed in the scctitm
entitled "Administrative Support" of this report.
i7
Table 7.--Number and Amount of Share Accounts and Percentage Distribution in Federal Credit Unions, by Size of Account and Size of Credit Union,
December 31, 1966
Asset size
Total
Less than $10,000 .............
S 10,000--$24,999 ..............
$25,000--$49,999 ..............
$50,000--$99,999 ..............
$ t 00,000--$249,999 ............
$250,000--$499,999 ............
$500,000--$999,999 ............
$1,000,000--$1,999,999 .........
$2,000,000--$4,999,999 .........
$5,000,000 and over ...........
Total
Less than $10,000 .............
S 10,000--$24,999 ..............
S25,000--$49,999 ..............
550,000--$99,999 ..............
S 100.000--S249,999 ............
$250,000--S499,999 ............
S500,000--$999,999 ............
S 1,000,000--$1,999,999 .........
$2,000,000--$4,999,999 .........
$5,000,000 and over
Total
Less than $I0,000 .............
S 0 000--$24,999 ..............
$25 000--$49,999 ..............
$50,000--$99,999 S 100.(/00--9249,999
............
$250,000--$499,999 ............
S500,000--$999,999 ............
S 1,000,000--$1,999,999 .........
$2,000,000--$4,999,999 .........
S5,000,000 and over
Total
Less than $10,000 .............
St 0,000--$24,999 ..............
$25,000--$49,999 ..............
$50,000--S99,999 ...............
S 100,000--$249,999 ............
$250,000--$499,999 ...........
$500,000--$999,999 ............
S 1,000,000--$ 1,999,999 .........
$2,000,000--$4,999,999 .........
$5,000,000 and over ...........
Less than 0.05 percent.
To t a I
Size of Shal-c accotlnls ......
- 500 .................
S5-0;: ..........
;?,50;: 5001. or •,ss__• $1000 [ $2 500 ssooo •1oooo
................
' k. ......
:: ....
2_._:--__A Number of share accounts
9,271,967 6,988,570 823,838
1,279
5,676
12,753
28,971
79,680
93,482 122,570
138.348
174,122
166,957
Amount of
97,772 159,179
2.t4,936
418,756
969,712
1,059,195
1,347,169
1,529,278
1,876,532
1,569,438
96,205 150,805
222,257
358,237
774,687
808,894
995,761 1,122,328
1,353,716
1,105,680
1,002,t47
268
2,547
8,999 27,213
93,120
120,004
164,685
184,356
222,873
178,082
320,489
19
126
832
3,831
18,448
29,450
48,407
60,307
85,502
i 73,567
shares (in thousands)
112,982
1
,22
89
't57
3/t49 6,607
13,790 20,022
33,018 35,527
$10,001 and over
23,941
3
6
47
328
758
1,956
3,917
7,301 9,625
$4,944,033
4,557
17,305
42,783
110,352
363,399 487,436
723,768
889,508
1,199,355
1,105,571
$704,149
3,576
9,915
17,964
32,538 75,372
82,574
103,260
120,315
139,124
119,511
$536,929
553
3,351
8,468
19,895 54,931 63,378
83,835
93,453
107,778
101,287
$1,600,049
371
3,486
13,203
42,120
148,810
192,833
262,399
294,983 354,395
287,451
[--
$1,060,364
47
408
2,546
12,146
58,562
97,196
159,946
200,638
282,715
246,160
$728,418
10
118
528
2,976
21,389
41,952
89,461
130,307 217,902 223,776
$314,122
27
75
676
4,335
9,502 24,868 49,812
97,441 127,386
Percentage distribution of number of share accounts
100.0 75.4 8.9 10.8 3.5 1.2 .3
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
98.4
94.7
90.7
85.5
79.9
76.4
73.9
73.4
72.1
70.5
1.3
3.6
5.2
6.9
8.2
8.8
9.1
9.0
9.3
10.6
.3
1.6
3.7
6.5
9.6
11.3
12.2
12.1
11.9
11.3
(') (') .1 (•) .3 (1) .9 .1
1.9 .4
2.8 .6
3.6 1.0 3.9 1.3 4.6 1.8 4.7 2.3
(,) (,) (•)
.1
.t
.3
.4
.6
Percentage distribt, tion of amount of shares
100.0 14.2
100.0 78.5 100.0 57.3 100.0 42.0 100.0 29.5 100.0 20.7 100.0 t6.9 100.0 14.3 100.0 13.5 100.0 11.6 100.0 10.8
10.9
12.1
19.4
19.8
18.0
15.1
13.0
11.6
10.5
9.0
9.2
32.4
8.1
20.1
30.9
38.2
40.9
39.6
36.3
33.2
29.5
26.0
21.4
1.0
2.4
6.0
11.0
16.1
19.9
22.1
22.6
23.6
22.3
14.7
.2
.7
1.2
2.7
5.9
8.6
12.4
14.6
18.2
20.2
6.4
.2
.2
.6
1.2
1.9
3.4
5.6
8.1
11.5
attributable to the size, rather than the type of
membership, of the credit union. Delinquency rates on loans are higher for small credit unions
than they are for large groups, irrespective of
mernbership type. Loan-to-share ratios generally tend to be higher for large credit unions, prob-
ably reflecting the greater ability of large credit
unions to use their funds efficiently. Salaries
are a more important expense factor at large credit unions than at small groups. In view of
their limited activities, many small credit
unions are able to operate entirely with the
voluntary assistance of their members. Large credit unions are usually run by permanent
office staffs.
Credit Unions and
Other Savings and
Credit |nst|tutiorts
The number of operating State- and Fed-
erally-chartered credit unions has increased by well over 5,000 since 1956, as may be seen in
table 9. The number ot! members, at ahnost 18
million at yearend 1966, about doubled during the 10-year period.
In terms of growth in assets, loans, and sav-
ings, credit union expansion has been even
more marked. At the end of 1966, each of these
major balance sheet items was three to four
times above levels at the end of 1956.
The last decade, and particularly the 1960s,
has been a period of sharp expansion in the
economy as a whole. Considerable growth has
taken place in consumer instahnent credit at all
major lenders during this period. Outstanding
loans to consumers at credit unions have gTown
faster than at other major financial institutions
(chart 13) .
Despite their rapid growth rate in recent
years, the 99,383 credit unions in the United
States account for a relatively small segment of
the consumer installnent loan and savings mark-
ets. At the end o[! 1966, br example, commercial
banks held $39. 9 billion, and sales finance com-
panies held $16.9 billion of a total of $65.6
billion in consumer instalment loans at finan-
cial institutiolls. Credit unions held $8.5 billion,
about 13 percent ot! the total.
FCU/'66
CHART 13
CONSUMER INSTALMENT CREDIT OUTSTANDING
AT FINANCIAL INSTITUTIONS, 1957-66 Index
(1957-59 = 100)
350
3OO
150
0"
1958 1960 1962 1964 1966
Source: Boerd of Gove..•,s ot rne Federal Reserve System.
Similarly, commercial banks held $118.4 bil-
lion, and savings and loan associations held
$112.7 billion of the total of $_996.2 billion in
consumer savings accounts at yearend 1966.
Holdings of credit unions, at $10.1 billion,
accounted for 3.4 percent of the total.
Historical Deta on
Federa Credit Unions
Data covering highlights of the 32-year history of the Federal credit union program are con-
tained in tables 10 and 1l.
Federa| Credit Union
Charters, by Type of
Membership
Federal credit unions with occupational types
ot! memt)ership have been more dttrable tllan
19
Table 8.--Operating Ratios and Averages for Federal Credit Unions, by Type of
Membership and Asset Size Class, December 31. 1966
Item
No, of opr. credit unions ...........
Total assets/liab. & capital (thous.) __
Total loans to members (thous,) ....
Total shares outstanding (tbous.) ....
Total membership .................
Principal items as percent of total
assets/liab, g: capital: Total ....................
Loans to members ................
Cash .............................
U.S. Government obligations .......
Savings & Loan Assoc. shares .......
Loans to other credit unions .......
Federal agency securities ...........
Other assets ......................
Members' shares ..................
Notes payable ....................
Accts. payable gc other liab .........
Regular reserve ...................
Special reserve for delinq, loans ....
Other reserves ....................
Undivided earnings ...............
Averages: Assets per credit union ............
Memberd•ip per credit union ......
Shares per member ...............
Size of loan during 1966 ...........
Loans outstanding Dec. 31, 1966 _--
Operating ratios:
Delinq. loans/Total loans tarot.) ___
Total reserves/Total loans ..........
Loans outstanding/Shares ..........
Total reserves/Shares ..............
Regular reserve/Shares ............
Total reserves/Delinquent loans ....
Total expenses/Gross income 1 .....
Total expenses/Gross income 2 .....
Total salaries/Gross income ........
Dividends/Gross income ...........
Percentage dist. of Total expenses:
Total salaries .....................
Borrowers' protection ins ...........
Life savings insurance .............
League dues ......................
Surety bond premiums .............
Exam. & superv, fees ..............
Interest on borrowed money .......
Educational expenses ..............
Other expenses ...................
Actual to potential membership ......
Loss ratio a .........................
See end of table for footnotes,
Asset Size Category (thousands of dollars)
ALL SIZES Less than
Occu- Associ- Resi-
pational ational dential
9.322 1,733 253
5,041,760 371,743 69,912 3,857,452 278,910 52,146 4,395,845 324,019 61,603 8,027,099 818,378 134,578
100.0 100.0 I00.0
76.5 75.0 7,t.6
5+3 6.0 4.9
2.4 1.0 1.1
11.8 13.8 14.9
2.O 2.2 2.2 1.0 .2 "
1,0 1.7 2.3
87.2 87.2 88.1
2.0 2.7 1.8 .6 ,5 .3
5.5 5.2 5+3 .I .3 ,I
.4 .3 .2 4.2 3.9 4.1
540,845 214,508 276,332 861 472 532 548 396 458 874 980 1 ,O54 862 918 1,030
2.8 6.9 6.6
7.8 7.7 7.6
87.8 86.1 84.6 6.9 6.6 6.4
6.3 6.0 6.0 283.6 I 111.3 115.2
36.0 41.9 40.6
37.5 I 42.9 41.6 15,5 15.1 15.9 46.1 41.9 44.0
i00,0 I00,0 100.0 ,tl.4 35.3 38.1 13.8 13.5 14.3
9.3 11.2 10.7 2+9 3.7 3.5 1.2 1.4 1.3 3,0 3.5 3.3 3,0 3.8 2.8
1.9 I 2,4 2.4 23.6, 25.1 23.6
63.2! 32.5 24.8
.22i .35 .32
OCCU °
pational :
620
3,120 2,108 2,891
51,466
100.0
67.5 26.2
.3
4.3
1+6
92.7 1.9
.6 2.1
.:)
2.2
5,033 83 56
174
147
8.8 3.9
72.9 2.8 2.3
4415
54.9 55.0
9.4 17.0
100.0 17.1
9.8 12.2
5.2 8.4
9.8 2.2 1.4
33.9
25.8
.43
$t0
•,ssoci+ I Resi+ Occu- ltional Idential pational
i
287 59 808
1,290 192 13,621 834 133 10,162
1,t79 165 12,042 29,901 5,369 99,940
IO0.O
64.7 27.6
.9 4.7
.5
1.6
91.4 1.3
.9 3.1 1.4
.1
1.8
4,494 104
39 I79 144
t9.0 7.1
70.8 5.0 3.4
37.2 54.6
54.6 3.6
17.7
100.0 6.7
10.4
13.4 5.3 7.8
11.9 2.3 3.6
38.6
9.9
.38
Sl0 to $24.9 825 to 8,t!).9 / $50 to $99.9 SlOO to $2,t9+9
Associ- Resi- 0ccu- Am+oci- Resi-10--cct•'-- [•i(;soTi• ational dentialFt,onal at+n , entia, a ,ona, d n,,a, pat,on ,,
253 24 l +•-•---233 33- 1,3-17 I 296 7+3 2,041 335 ,ll+ 4,279 429136,721 8,442 1,211 97d118 121,200 2,324 338,77'1 54,508 6.2t,,
2,938 310128,418 6,182 941 75,390 [15,737 1,796 259,175 40,10.t 5,208
3,739 368 I 31,915 7,391 1,053 8£770 118,'139 2,036 293,736 't7,668 5,2!18
4t,836 4,749 1172,279 51,631 7,853 ;05,406 85.653 9,'t93 I.t:,877 18,,tlS
100.0 100.0
69.2 74,6 22.3 15.8
.... 3 5.2 8.2 1.0 .4
2.2 .7
85.6 88.4 4.8 3.4
.7 .:5
3.7 3.3 2.8 .:5
.I .I 2.4 3.8
3,258 16,857 91 124
31 12(I
149 267
129 240
25.5 7.0 9.4 5.1
80.9 84.4
7.6 4.3 4.3 3.7
36.9 72.9 57.7 46.3
57.7 46.5 8.6 13.9
15.0 28.6
100.0 100.0
14.9 29.8 9.4 11.4
11.3 13.1 7.1 4.9 6.8 4A
13.3 9.2 5.4 3.5 1.2 1.4
30.7 22.3
4.3 34.1
.62 .43
100.0
68.7 18.3
.6 11.2
.4
.9
87,4 2.5
.6 4.2 1.1
.1
.t.1
16,913 165
89 313 259
15.0 7.9
78,6 6.2 4.8
52.6 44.9 45.1
8.9 33.4
100.0 19.7 12.3 14.8
5.2 4.7
I0.5 3.2 2.0
27.6
20.5
.48
100.0
72.3 14.0
10.6 2.2
1.0
85.8 4.9
.2 4.5
.6
3,9
17,880 198
78 287
230
1O0.0 100.0 l,)0.0 100.0
77.4 73.2 77.7 77.0 13.0 13.9 9.6 10.8
.4 , ,t + ,t .5 8.3 11.2 9.2 10.5
.4 .6 2.0 .8
.6 .6 1.1 .5
86.9 87.6 86.9 86.6
3.4 2+6 2.5 3.3 .6 +5 .2 .4
,t.0 4.4 5.3 4.6 .4 ,6 .6 .2 .I .1 .2 .I
4.6 4.2 4.3 4.8
36,832 36.233 36,697 72,693 173 222 238 227
185 143 13,t 278
392 461 437 509
360 406 37(/ 498
t1.0 6.6 12.3 I4.2 5.3
7.1 t 5.8 6.9 7.8 6.4
84.3 6.0
5.3 64.9
46.9 47.2 I0.5 29.7
100.0 22.2 t2.6 13.7
6.5 4.4
11.4 5.0 3.7
20.5
17.3
.58
89.0 83.6 89.4 88.9 5.1 5.8 6.9 5.7 4.6 5.0 6.1 5.3
87.7 56.4 54.8 122.6
44.5 43.5 51.3 42.0
44.9 43.6 51.7 42,8
15.4 9.8 15.6 15.8
33.6 36.9 33.6 38.7
100.0 190,0 100.0 100,0
34.3 22.5 30.2 37.0 12,3 13.5 12.0 13.2
12.8 14.2 10.9 12.6 5.0 5.6 5.3 5.0
2.9 3.0 2,3 2.,t
8.5 8.8 7.6 6.1
3.8 3.6 3.4 4.0
1.2 2.7 1.6 1.4
19.2 26.2 26.8 18.3
44.6 21.I 20.8 50.3
,35 .57 .26 +31
765,377
100.0
74 +2 ll+0
.9 12.[1
.4
--7. +/
87.0 3.0
.2 ,t.8
.2 4.5
71,623 289
215 653 562
I0.I 7.3
85.3 6,2
71,5 42.7 .•3.0 12.'t 39.0
t00.0 28.8 13.6 13.8
5.1 2.3 6.0 ,I.O 1.8
2,t.6
25.9
.,t9
lO0.O 100.0
77.3 76.5 11.7 8.1
1.5 .7 7.0 13.1
1.7 1.0
.... ]
+8 .5
87.6 86.7 3.8 2.6
.1 ,,1
4.0 5.1 .:5 .2
" .2 3,9 ,l. 8
70,439 165,984 288 375 215 38,t 682 682
592 663
!t.1 4.5 ! 5.9 7.1
88.2 88.2; 5.2 6.3 4.6 5.9
6'i.8 159.6 ! 47.1 40.1
47.6 41.2 13.5 16.3 35.1 [ 41.9
1O0.O I 100.0 28,3 39.6 13.3 13.7 i 12.5 2.
5. I ,t.9 2.7 2,2 6.2 4,8
6.9 3.6 3.1 1.3
22.0 17.8
17.6 59.,1
.52 .31
100.0 I 10o.0
73.6 83.3 8.6 8.1
,7 2.0 I,t .9 4.9
1.6 .6
.7 .6
87.5 84,8
2.,t 5.,1
.2 .I
5.0 ,1.9 .,t .2 .2 .I
,i.,i .t. 5
t62,709 156,21!) ,t'29 ,t60
331 2SS
82O 732
740 7.13
8.9 7.3 7.6 5.2
8,t,1 98.3 6.4 6.1 5.7 5.8
85+3 86.2
42.2 ,t8.0
42,8 ,t8.3 1,1.0 18.7 41.5 38.,t
I00.0 100+0 32.6 38.8 13,5 13,1 12.8 9.!+
,t.8 3.,I '2. '2 I. 7 4.6 4.2 3.2 7.0 2.1 1.3
24.3 21.2
32.,t 22.7
.,13 .32
Table 8.--Operating Ratios and Averages for Federal Credit Unions, by Type of
Membership and Asset Size Class, December 31, 1966 (Continued)
Asset Size Category (thousands of dollars)
eHl
No. of opcr. credit nions .............
Total assets/liab. & capital (thous.) ....
Total loans to members (tllous.) .......
Total shares outstanding (tbous.) ......
Total membership ....................
Principal items as percent of total
assets/liab. & apital: "1 otal ....................
Loans to members ..................
Cash ....................
U.S. Government obligations .........
Savings g: Loan ;soc. shares .........
Loans to other •dit unions ..........
Federal agency curities ............
Other assets ....................
Members' shares ....................
Notes payable ....................
Accts. payable & ,tber liab ...........
Regular reserve ....................
Special reserve for delinq, loans ......
Other reserves ....................
Undivided earnin gs .................
Averages: Assets per credit mion ..............
Membership per :redit union ........
Shares per member .................
Size of loan durin ,• 1966 .............
Loans outstandin: Dec. 31, 1966 .....
Operating ratios:
Delinq. loans/Total loans (amt.) ....
Total reserves/To tal loans ...........
Loans outstandin ;/Shares ...........
Total rescrves/S ares ...............
Regular reserve/ hares ..............
Total reserves linquent loans ......
Total expenses/ ross income 1 .......
Total expenses/ ross income : .......
Total salaries/Gross income ..........
Dividends/Gross ncome ..............
Percentage dist. of Total expenses: Total salaries
-:----:- ..............
Borrowers' pro tlon ins ............
Life savings in: ance ...............
League dues -7
..................
Surety bond pre lll.lnlS ..............
Exam. & superv, tees ................
Interest on borrowed money .........
Educational exl. •ses ................
Other expenses ....................
Actual to potential menlbership ........
I,oss ratio a ....................
$250 to $499.9 $500 to $999.9 $1,000 to $1,999.9
Occu- Associ- Resi- Occu- Associ- Resi- Occu- Associ- Resi-
pational ational dential pational ational dential pational ational dm:tial
1,322 158 28 984 108 24 666 37 5
469,597 55,038 9,491 697,653 74,813 17,540 931,867 50,115 7,242
355,202 39,556 7,689 521,767 56,820 12,836 716,563 36,847 5,801
407,153 48,281 8,150 605,340 64,252 15,738 809,522 43,473 6,450
868,050 124,164 21,510 1,127,897 132,038 28,803 1,404,921 70,37t 9,•01
$2,000 to $4,999.9 $5,000 and over
Occu- Associ- Resi- Occu- Associ- Resi-
•ational ational dential )ational ational dential
412 22 6 125 4 1
1,241,199 71,618 19,969 1,211,290 30,440 5,264 950,893 56,681 15,284 937,773 23,209 2,148
1,085,213 62,037 17,684 1,063,263 27,561 4,662
1,712,829 104,796 22,885 1,518,934 34,111 6,397
100.0 100.0 100.0 100.0 100.0 100.0 i00.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
75.6 71.9 81.0 74.8 75.9 73.2 76.9 73.5 80.1 76.6 79.1 76.5 77.4 76.2 40.8
6.7 7.0 5.7 5.9 4.9 5.8 5.1 5.0 4.5 4.3 3.4 2.3 4.0 2.0 1.1
.7 1.8 .8 1.6 1.6 1.1 1.2 1.0 1.6 2.7 .1 .4 4.7 1.4 2.2
15.0 15.8 7.5 15.3 13.7 16.8 13.6 15.2 7.0 12.2 10.4 15.8 6.5 16.6 47.4
1.3 2,2 2.9 1.6 1.8 1.3 1.9 2.6 3.6 2.3 3.9 1.3 2.9 1.9 7.3
.1 .... 2 .1 .3 .... 2 .6 .... 6 .1 --- 3.3 ......
.6 1.3 1.9 .8 1.7 1.8 1.1 2.1 3.1 1.3 2.9 3.6 1.3 1.9 1.2
86.7 87.7 85.9 86.8 85.9 89.7 86.9 86.7 89.1 87.4 86.6 88.6 87.8 90.5 88.6
2.3 1.9 3.7 2.1 3.0 .7 2.1 3.4 .3 1.8! 3.2 1.5 1.6 1.3 ---
� 4 .3 .3 .5 1.3 .2 .5 .2 .1 .6 .7 .5 1.0 " .5
5.4 5.2 5.5 5.7 5.2 4.8 5.7 5.3 5.7 5.6 5.4 5.9 5.5 5.5 5.2
.1 .4 .1 .1 .2 A .1 .4 .1 .1 .2 ---
* ......
� 3 .'• .6 .4 .4 .4 .4 .4 .3 .5 .2 ° .5 .2 .1
4.7 4.1 3.9 4.5 4.0 4.1 4.3 3.6 4.5 4.0 3.6 3.6 3.6 2.4 5.7
355,217 348,3't2 338,958 708,997 692,714 730,849 1,399,200 1,354,462 1,448,462 3,012,618 3,255,346 3,328,182 9,690,324 7,610,101 5,263,763
657 786 768 1,146 1,223 1,200 2,109 1,902 1,320 4,157 4,763 3,814 12,15t 8,528 6,397
469 389 379 537 487 546 576 618 709 634 592 773 700 808 729
776 943 984 842 1,130 1,037 956 1,362 1,•26 965 1,266 1,559 1,054 1,599 1,293
774 873 1,020 843 1,063 1,079 913 1,319 1,484 941 1,273 1,431 1,014 1,279 1,298
3.7 7.8 8.1 3.1 6.1 5.9 2.8 6.7 5.6 2.4 4.8 6.1 1.7 4.4 2.4
7.6 8.2 7.6 8.2 7.7 7.3 8.1 8.2 7.6 8.1 7.3 7.7 7.8 7.5 12.9
87.2 8 I. 9 94.3 86.2 88.4 81.6 88.5 84.8 •9.9 87.6 91.4 86.4 88.2 84.2 46.1
6.7 6.7 7.2 7.1 6.8 5.9 7.1 7.0 6.8 7.1 6.7 6.7 6.9 6.3 6.0
6.3 5.9 6.4 6.6 6.1 5.3 6.6 6.1 6.4 6.4 6.2 6.6 6.2 6.1 5.9
207.9 106.0 93.8 261.0 126.3 123.8 287.1 123.1 1•6.3 339.7 151.1 125.9 446.6 172.9 542.8
38.9 42.4 47.1 37.1 42.7 38.4 36.7 41.9 • 7.5 34.9 41.5 37.8 32.7 37.2 32.9
40.4 43.5 47.9 38.7 43.7 39:6 38.4 43.3 •8.6 36.4 43.5 38.9 34.3 37.2 35.0
16.9 15.5 18.8 16.5 16.3 15.8 16.0 16.8 14.7 14.9 15.3 15.2 14.4 15.1 12.1
43.9 40.5 37.5 45.5 42.1 44.8 45.8 39.9 •6.3 47.3 43.0 45.6 49.0 50.9 50.2
I00.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 1£,0.0 100.0 100.0 100.0 100.0 100.0 I00.0
41.9 35.7 39.4 42.7 37.4 39.9 41.6 38.8 .".7.9 41.0 35.2 39.1 42.1 40.7 34.6
13.6 13.4 12,5 14.1 13.9 14.6 14.5 12.0 14.2 14.3 14.1 16.6 12.9 14.4 11.6
11.1 12.1 9.4 10.0 10.6 11.6 9.5 9.9 11.8 8.6 9.8 9.2 7.1 10.7 18.0
4.3 4.0 3.6 3.5 3.5 3.1 2.6 2.7 3.4 2.2 3.5 2.7 1.7 1.7 6.4
2.0 1.8 1.8 1.6 1.4 1.5 1.2 1.0 1.3 .8 .5 .5 .4 .3 .5
4.0 3.8 3.7 3.5 3.3 3.2 2.8 2.6 3.2 2.3 2.0 2.0 1.6 1.8 2.5
3.3 3.0 5.0 2.9 4.2 1.1 3.0 4.3 .7 2.6 4.8 1.6 2.9 2.0 .--
t.2 1.6 2.2 1.4 2.1 1.7 1.7 2.7 3.8 2.3 3.1 2.4 2.5 3.1 5.6
18.6 24.6 22.4 20.2 23.6 23.3 23.2 25.9 23.7 25.9 26.9 26.0 28.8 25.2 20.7
63.4 38.0 26.9 62.2 47.6 48.7 65.9 52.1 •5.5 71.2 53.2 49.8 68.7 59.4 33.8
.25 ,36 .30 .23 .35 .28 .20 .33 .34 .21 .31 .36 .20 .16 .24
� Less than t/2 of 1 percent.
•Before deduction of interest refunds. -• After deduction of interest refunds, a Net amount of loans charged off as percent o5 loans made since organization.
NOTE: Excludes data for 633 FCU's in miscellaneous occupational and associational groups.
oZ o,
those in residential and associational categories, as table 10 shows. Seventy-one percent o!i the
charters issued to occupational-type credit
unions during the 32 years of the progFain were
outstanding on December 31, 1966. Sixty-two
percent in the associational category and about
fifty-eight percent in the residential category
were still outstanding. Among occupational types of credit unions,
State and local government groups have shown
the greatest stability with 86 percent of the
charters issued in this category still outstanding. Educational groups were next, with 81 percent
outstanding as of December 31, 1966.
Federal credit unions with military types of
lnembership rank fairly high, with ahnost three-
[:ourths of all such charters issued outstanding at yearend 1966. Military groups, in fact, ranked
ahead of the civilian Federal Government (:ate-
o-or,, where 70 percent of charters issued & I,
(slightly more than the national average) were
still outstanding. Within the associational category, the rela-
tively high degree of stability of religious groups
was offset by a high turnover of charters among
Federal credit unions in labor unions and other
associational groups.
Probably the most significant cause of charter
cancellation is a disruption in the field of
membership that results in the credit union
no longer being wanted or needed. As evidence
of this, 16 percent of all cancellations during the life of the Federal credit union program
occurred during the four YVar years, 1942-45.
At that time the armed forces were being built-
up, there was a high degTee of labor mobility, and consumer goods typically bought on credit
were in short supply.
Table 9.•Seleeted Data for Credit Unions, 1956 and 1966
Year
and type of
charter
Number of
operating credit
Ilnions
Number of members
Total Total Total Assets I Loan s• Savings
(millions of dollars)
t 956: Federal .....
State .......
Total ....
t 96(1:
Federal .....
State .......
Total .....
8,350 4,502,210 8,901 4,548,617
17,251 9,050,827
11,941 9,271,967 10,644 8,650,743
22,585 17,922,710
m• .......
1,529 1 1,049 1,366 1,742 t 1,277 1,471
3.271 I 2,326 2,837
5.669 I 4,32,t 4,944 5.938 I 't,769 5,127
..... 12.20Z_•
__ 9,0(3.3 i 10,071
Table 10.•Charters Issued and Charters
Outstanding, by Type of Membership, December 31, 1966
Type of
Membership
Total ......................
Associational, total ........
Religious ...............
Labor Unions ...........
Other Associational ......
Occupational, total ........
Manufacturing ..........
Trans., Communications, and Utilities ..........
Trade ..................
Services .................
Education ............
Other ................
Government ............
Federal ...............
Civilian ............
Military ............
St. & Local ...........
Other occupational ......
Residential ...............
Number o1 Charters issued to
date
17,858
3,149 1,083
929
1,137
14,238 7,009
1,468 892
2,025 1,147
878
2,460 1,394
944 45O
1,066 384
471
Number of Charters Out- Charters standing as
Outstanding, percent of December 31, Charters
1966 issued
12,361 69.2
1,952 62.0 784 72.4 513 55.2 655 57.6
10,137 71.2
4,739 67.6
1,082 73.7 572 64.I
1,555 76.8 930 81.1
625 71.2
1,920 78.O 997 7t.5 664 70.3 333 74.O 923 86.6
269 70.1
272 57.7
22
FCU/'66
Table ll.--Selected Data for Federal Credit Unions as of December 31, 1934-66 [Amounts in. thousands]
Year
1934 2 ........................
1935 .........................
t936 .........................
1937 .........................
1938 .........................
1939 .........................
1940 .........................
1941 .........................
1942 .........................
1943 .........................
1944 .........................
1945 ........................ 2
1946 .........................
1947 .........................
1948 .........................
1949 .........................
1950 .........................
1951 .........................
1952 .........................
1953 .........................
1954 .........................
1955 .........................
1956 .........................
1957 .........................
1958 .........................
1959 .........................
1960 .........................
1961 .........................
1962 .........................
1963 .........................
1964 .........................
1965 .........................
1966 .........................
Number of charters
Net Issued Canceled change
78 828 956 638
515
529 666
583 187 108
6.(t 96
157 207 341
523 565
533 692 825
852 777 741 662 586
700 685 671 601 622
580
584 701
ram--
' Data for 193,t-44 are partly estimated. z First charter approved October I, 1934.
___ 78 828
, 4 952 69 569 83 432
93 436
76 590 8!) 494 89 98
321 --213
285 --216
185 --89 151 6
159 48 130 211
lOl 422 8!1 482 75 458
115 577 132 693
122 730 188 589 182 559 194 468 255 !131
270 430 274 411
265 406
284 317 312 310
323 257 270 314 318 383
Number of charters out-
standing at end of year
Inactive Operating i Number credit
Total tlllions
78 39 906 13,t
1,858 107 2,427 114
2,859 99
3,295 113
3,885 12!1
4,379 151
4,477 332
4,264 326
4,O48 2!13
3,959 202
3,965 204
4,013 168
,t,224 166
4,646 151
5,128 14,t
5,586 188
6,163 238
6,856 278
7,586 359
8,175 36!1
credit of Ill'liOnS 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
1,819,606 2,126,823 2,463,898 2,853,241 3,255,422
3,598,79O 4,032,22(I
Assets 1 Shares i
Loans OUt-
standing
$23 $23 $15 2,372 2,228 1,8:14 9,158 8,511 7,344
19,265 17,65(I 15,695 29,629 26,876 23,83C
47,811 43,327 37,67:1 72,530 65,806 55,81•
106,052 97,209 69,485 119,591 109,822 43,053 127,329 117,339 35,376
144,365 133,677 34,438 153,103 140,614 35,155 173,166 159,718 56,8111 210,376 192,410 91,372 258,412 235,008 137,642
316,363 285,001 186,21• 405,835 361,925 263,73(i 504,715 457,402 299,756 662,409 597,374 415,06• 854,232 767,571 573,97,t
1,033,179 931,407 681,97C 1,267,427 1,135,165 863,042
8,734 9,202 9,533
9,96!/ 10,374 10,780 11,097 11,407
11,664 11,978 12,361
384 467 503
5t6 469 509 465 452
386 ,135
420
4,502,210 ,t,897,689 5,209,912
5,643,248 6,087,378 6,542,603 7,007,630 7,499,747
8,0!12,030 8,640,56(I 9,271,967
1,529,202 1,366,258 1,049,18.(i 1,788,768 1,589,191 1,257,31 !i
:2,034,866 1,812,017 1,379,72,1
,352,813 2,075,055 1,666,52(} 2,669,734 2,344,337 2,021,46!! 3,028,294 2,673,488 2,245,22!•
3,429,805 13,020,274 2,560,722 3,916,541 3,452,615 2,91 1,15.q
,559,438 t,017,393 3,349,068 !5,165,807 •.,538,46t 3,864,809 i5,668,941 t,944,033 4,323,943
....
23
BFCU ACTIVITIES
Tile •unn°•,;umn of i•e•|er;l| Credii: |Tnlions S.l)er•.•ises a.d exannines
nnnore Ein;mnnvi;d i.•iii.lion• t|n;un ;.ny o||ner Federa• or State sup•r-
'vison'y ;u•enn4.y. '||n•, • Eunnvtions ;ure ;u('•-onnnp|ished •|nroun•h peri- odic. •x•unnniun;utionn• •unnq[| ot|ner s|)e•'i;ul sen-vi•'cs.
25
Chartering
The number ot: &arters granted to Federal
(:•edit unions in 1.()6(i was tl•e largest since 1956.
l)urillg 1%(}, tide I•urcau of! Federal (;redit
[Ynions issued 70! charters, an increase of 117
( •"
•)x'er tllc number granted in 1.)6:•.
,,-\ map on the l:ollowino; page shows the num-
1)er and location by State of the operating Fed-
oral credit unions at the end of t966. California,
Pennsylvania, and New York each had over
1,000 operating Federal credit unions.
Seven States accounted for almost 59 percent ot: tl•e d•artcrs issued in 1{)66: California 80,
Pennsylvania 71, New York 54, !llinois 46,
Texas 43, Indiana 38, and Florida 30. Six of
these States showed an increase in chartering durino 1.066 over 1965; the numl)er of charters
granted in Next, York remained the same as t!or
1965. The seven States accounted for 45 per- cent ot: the total operating Federal credit unions
at the end of 1966. The same States were issued
281i new charters in 1965, 49 percei•t of the total
for tllat year. Ot! the 12,361 outstanding charters
A recently chartered Federal credit union effec-
tively serving its field of membership.
at tide end {)t: 19(36, 420 credit unions were in-
active.
Types of Membership
Charters issued in 1966 were distributed
among the major types ot: membership groups as follows:
TYPE NUMBER PERCENTAGE
All Charters Issued 701 100.0
Occupatiorial .501 71.5
Associational 172 24.5
Residential 28 4.0
Tide distribution of charters issued prior to
Jamlary l, 1966, is as follows:
TYPE NUMBER PERCENTAGE
All Charters Issued 17,157 100.0
Occupational 13,737 80.1
Associa tiona I 2,977 17.3
Residential 443 2.6
All three types of membership showed increases
in chartering during 1966 over 1.(:)65. Chartering among associational-type groups was up more
than the other two types of membership, thereby causing a drop in the percentage of
occupational-type credit unions chartered. The
stepped-up establishment of new credit unions
among limited-income associational- and resi-
dential-type credit unions accounts for these
changing trends in percentages in the last two
years.
Charter Cancellations
The Bureau of Federal Credit Unions can-
celed charters for 318 Federal credit unions in
t966, compared with 270 in 1965. The increase
in charter cancellations means that the average
liquidation period of inactive credit unions was
reduced, thereby releasing the members" share-
holdings earlier.
26
FCU/'66
c
rJ v
d
I
/
/
27
Liquidations
Of the charters canceled in 1966, 250 Federal
credit tmions were liquidated. Approximately 83 percent of these credit unions returned 100
percent or more of the memt)ers' shareholdings S.},99.,.66, with gains of $686,983. Tile totaling ''( ( 9 9
"
l)alance of tile liquidated credit unions, with
shares ot: $967,346, concluded liquidation at a
loss to members of $951,690 (table 1). One
Federal credit union acc{lunted for almost half
of the losses in 1966, after suffering a sharp re-
duction in its field ot: membership. Table 9 shows tile size ot! Federal credit
tlllions whose charters were canceled because of
liquidation and the t)ereentage, ofshareholdings returned to their members.
Approximately 35 percent of the charter can-
cellations in 1966 resulted t:rom liquidations that were caused by reasons beyond the control
of credit union ofticials or members. About 49
percent, however, resulted from liquidations attributed to internal prol)!ems.
"With tile number of operating Federal credit
unions rapidly growing, the possibility o1! liqui- dation also increases. The Bureau, however, is
constantly improving its supervisory techniques
in an effort to prevent any unnecessary liqui- dations.
Mergers and Conversions
In addition to the 250 charters that were can-
celed because ot! liquidation, 68 other Federal
credit union charters were canceled: i3 merged with other Federal credit ullioIls, 42 either con-
verted to State charter or merged with continu-
ing State-chartered credit unions, and 13 failed
tO colnlnellce business.
Reasons for Termination
Table 3 gives the distribution by type ot!
membership and reasons l!or termination ol: all
Federal credit tulions whose charters were can-
celed in 1964, 1965, and 1966.
Of the 318 charter cancellations during 1966, 74.5 percent were in occupational groups, _:.3
percent were in associational groups, and 2.2
percent were in the residential groups. As
shown on page 26, charters issued were distrib-
uted among these groups, respectively, as foi-
lows: 71.5 percent, -94.5 percent, and 4.0 per- cent. Of tile charters issued to associational
and residential groups, 46.5 percent were issued
to limited-income people to which the Bureau
28
Table 1.•Liquidations of Federal Credit Unions, 1934-1966
I
Liquidations Completed
Item
_
1934-66 1965 ,
1966
Number of Federal Credit Unions ..... 4,834
or More ......... 3,838 183 212
996 I 30' 38 ers
..... 629,246 [ 43,642 47,860 percent or more 513,083 I 38,115 382064:
less than 100 percent ..... 116,157 5,527 9;796 Amount of Shares ___,
.....
V ....... .$91,811,381 $1i,554,786 $10,959,612
•"
Repaid 100 pe.*cent or more ___ 83,502,857 10,871,961 9,992,266
Repaid less than 100 percent •
....
..... 8,308,524 682,825 967,346
1 In addition, dividends were ])aid on some ol these shares are [ollows: 1934-66, $5,844,048; 1965, 8649,808; 1966, $686,983. e The losse.• on these shares were as [ollows: .19.34-66, $1,547,469; 1965, •581•841; 1966, :•251,690.
is giving special attention. Such attention is de-
signed to minimize problems that may lead a
credit union into liquidation.
FCUs Ceasing to Operate
In 1966, 316 Federal credit unions ceased
operations, compared to 319 in 1965. Charters
of tile inactive credit unions will be canceled
upon completion of liquidation, merger with
other credit unions, or conversion to State
charter.
The ratio of Federal credit unions ceasing operations to the number operating at the be-
ginning of the year was 2.7 percent in 1966; 2.8
percent in 1965; 2.7 percent in 1964: and 2.8
FCU/'66
percent in 1963. These low percentages indicate
stability among a high percentage of credit
unions in the Federal credit union system.
Of the 316 Federal credit unions ceasing to
operate in 1966, 250 entered liquidation, 15
were in the process of merging with other Fed-
eral credit unions, 38 were converting to State
charter or merging with continuing State-
chartered credit unions, and 13 did not begin operations. Of the 250 liquidations in process,
95 Federal credit unions ceased to operate be-
cause of reasons beyond the control of officials
and members; 152 ceased operations on account
ot! problems that officials and members should
have been able to control; and three ceased op-
erations because of various unusual conditions.
Table 2.--Federal Credit Union Charters Canceled Following Liquidations Completed in 1966 By Share Size Groups at Commencement of Liquidation
25o , ,
SIC 997,993 $ . ,, )9• 42
99 206,601 i)8! 21 37 273,475 ;•91 4 46 6
-.- • r. 7 3,318 . •,•9 a
30 I 036,839 3! i6 i 7
15 l ,061,876 7 i, ?9', 3
20 3,173,015 158 55 2
2 835,206 417,60: -0-
0 0 -0-
1 3,647,663 3,647,663 ] -O-
1Does not iTzchtde charters canceled because o[ mergers (13), conversions (42), or [ailure to coulmence busiT•ess
(•3).
Examination Services
The Bureau ot! Federal Credit Unions con-
ducted more than 10,000 regular supervisory examinations dqring 19(i6. These credit unions
ranged in size t:rou• less than $500 to over $50
million in assets. Tl•e complexities of their
operations ranged from handposted systems
with no paid staff or possibly one part-time em-
ployee credit union utilizing highly sophisti- cated electronic computers.
The Division of Examination and Account-
ing in the Bureau's \,Vashington office has over-
all responsibility for the examination program.
29
Table 3.--Federal Credit Union Charter Cancellations ill 1964, 1965, and 1966
Categorized by Type of Membership and by Reason for Termination of OFerations as
t:ede:-al Credit Unions
Type of Membership
A ll Cancellations
Occupational ............
Associational- _ .........
Residential
Reason for Termination
A ll Cancellations
1964
Number I Percent
323 100.0
245 75.8
69 21.4
9 2.8
1965 [ 1956
Number Percent IN umber]Percent
270 100.0
78.5
20.4
1.I
318
237
74
7
323 100.0
212
55
3
74.5
23.3
2.2
270 100.0
I
318 100.0
* Inchzdes FCUs Which Merged Into Continuing State Credit Unions.
The various regional offices of the Bureau
schedule and carry out the examinations.
Analysis of Operations
The Bureau's supervisory examination pro- cedures are tailored to analyze in depth critical
areas of a credit union's management, opera-
tions, and financial condition. The exaininer's
conclusions are drawn from these analyses and
form the basis for his recommendations on cor-
3O
rective and preventive measures to be taken.
Such conclusions and recommendations are
presented to the officials at a joint conference
normally conducted at the conclusion of the
supervisory examination.
The objective of the joint conference is to
make the examination constructive. This can be
accomplished when the examiner and the offi-
cials, working together, design plans of action to
eliminate weaknesses or potential weaknesses
FCU/'66
A Federal credit union examiner at work.
disclosed by the examination. A constructive
examination cannot be achieved unilaterally by the examiner. Tile success ot! an examination is
dependent on the willingness ot: tile officials to
implement corrective measures to eliminate
problems disclosed by the examiner's analyses.
Audit Functions
The Bureau's supervisory examination is not
an audit but a constructive analysis of the credit
union's affairs. Under the Federal Credit Union
Act, the supervisory committee in each Federal
credit union is responsible for carrying out the
audit function. This is an important responsi-
bility and tile Bureau has made a special effort
to improxe tile effectiveness ot: supervisory con>
mittees. In addition to the special conference
with the supervisory committee members held
during each examination, the Bureau conducted
42 supervisory committee training sessions dur-
ing 1966. These sessions were attended by 1,800
credit union officials, the majority of whom
were members ot! supervisory comn•ittees. The
participants in these sessions represented 825
Federal credit unions. Officials ot: 120 State-
chartered credit unions also attended these
sessions.
Supervisory committee members who desire
training sessions for their areas may make ar-
rangements by contacting the Bureau's regional office in their respective areas. These sessions
are usually held in the evening or on Saturday.
Supervision Periodic examinations represent the major
supervision administered to the Federal credit
union system by the Bureau of Federal Credit
Unions.
Special Visits
The examiner may also make special visits to
those credit unions experiencing either operat-
ing or development difficulties. During these
visits, the examiner generally will confine his
analyses to the problem areas and will discuss
with the officials appropriate plans of action
for eliminating the weaknesses. Other special
supervisory efforts are carried out by BFCU
through correspondence with the credit unions.
In some instances, credit unions experiencing difficulties are requested to submit periodic
reports to the appropriate regional offices; thus,
the problem can be closely followed by the
Bureau.
31
RESEARCH
Durin• 1966, the Bureau of Federa| Credit Unions conducted a
eonnprelnensive research and statistieai pro•rann r•|a•n• to •he
activities of erediJ unionns. Dat;. •-o.npiled fronn •his progra... •erved to ;udvaunee understandinn• o/' tine role of erediJ• u•nions
in the finn;lucia| vown.nuuity aund to assist. •'vedit unions •.. sob •'-
ilng operational problenns.
33
Regular Statistical
Programs
Tl•e l•,meau ot: Federal (hedit Union's reou-
lar statistical pvooTams im:ltMc the monthly balance sheet data collection program, the an-
nual financial and statistical reporting l)y Fed-
eral credit unions, the annual summary re-
porting ()I: State-clmrtered credit union data by the credit union supervis()ry auth(nities ill
each State, and year-end l)alancc sheet data
reported by the State central credit uni()ns.
klo,•lkly Balancc 5'kcel l)ala---Selected l)al-
ante sheet data are collected and estimates are
compiled and published t()v ()utstanding loans,
members' shares, and total assets for Federal-
and State-chartered credit unitms as of the end
ot! each month. These estimates are based on
reports furnished to the BFCI.J by more tlmn
1,400 credit unicms, about equally divided t)c-
tween Federal and State charters. Tl•ese credit
tlllit)llS a(;'c()tlllt I'()r more than one-lom-th of tl•e
assets o[ all credit uniolls operating in tl•e
United States. Early in 196(5, the l•ureatt (()I>
tatted about one-halt: of all credit tlnions in
the country with assets of 52 million (n- m(ne
that were not already in the monthly i)r()gran•,
asking it! tlmy would l)e willing to partic;ipate. This and other efforts to supplement particil)a- tion resulted in considerable additional cover-
age during" the year. The composition of the
sample as oI: December 31, 1966, is shown in
tim accompanying table, i\ monthly release
containing the estimates, unadjusted, and ad-
justed for seasonal variation, is published within
f()ur weeks of the mo,•thend to which the esti-
mates pertain. This release is sent to a mailing list oi! several thousand.
The Bureau employs the fully-integrated data processing equipment of the Social Security Administration.
34
FCU/'66
All Credit Unions Compared with Monthly SampleNNumber and
Total Assets, by Region and Asset Size, December 31, 1966
[Dollar amounts in thousands]
Region and
asset size
REGION:
Total ................
New England ............
Mideast .................
Southeast ................
Great Lakes ..............
Plains ...................
Rocky Mountain ..........
Southwest ................
Far West ................
Other Areas a .............
Total ................
New Englimd .............
Mideast ..................
Southeast ................
Great Lakes ..............
Plains ...................
Federal credit unions
Total operating
1 12/31/66
or ?ercent
(list.
Number
anlount
11,941
State-chartered credit unions
100.0
7.3
26.2
17.6
15.9
3.4
4.0
9.9
15.3
.4
� .I Sample
Monthly sample L
I as
Numl)er [ percent or Percenq of
amount dist. / total
Total operating 2 I [Sample t2/31/66 I Monthly sampler
as
Number Number percent or Percent I or Percent of
amount dist. •
I amotmt dist. total
Number of credit unions
100.0
7.0
23.0
14.6
17.6
2.8
100.0 6.4 10,644
5.7 5.0 850
22.1 5.4 363
11.8 4.3 1,654
24.8 10.1 3,740 3.9 7.4 1,714
3.5 5.6 541
8.7 5.7 648
19.5 8.2 833
....... � • 30 l
100.0 593
8.0 49
3.4 18
15.5 48
35.1 285
16.1 98
5.1 14
6.1 23
7.8 58
2.8 ....
770
44
170
91
191
3O
27
67
150
Total assets
Rocky Mountain ..........
Sou thwest ................
Far West ................
Other Areasa .............
ASSET SIZE (thousands) :
Less than $250 ............
$250 - $499 ...............
$500 - $999 ...............
$1,000 - $I ,999 ............
$2,000 - $4,999 .............
$5,000 and over ...........
Less than 5250 ............
$250 - $499 ...............
$500 - 5999 ...............
SI,000 - $1,999 ............
$2,000 - .$4,999 .............
$5,000 and over _ ..........
873
3,123
2,103
1,892 408
482
1,176
1,832
52
3.2
9.8
21.7
.3
$1,771,343 100.0 31.2 ] 120,470 6.8 30.'• 345,406 19.5 26.5
235,950 133 985
362,865 20.5 36.5
34,587 2.0 21.4
5,937,793 100.0 • $1,692,621
590,100 9.9 ! 148,628
223,015 3.8 73,650
719,362 12.l 177,353
2,028,401 34.2 610,931 762,617 12.8 197,252
7,862 65.8
1 1,583 13.3
1,178 9.9
733 6]_1 453 3.8 '9 13_ 1.1
$5,668,941
43,781 2.5 24.4
165,041 9.3 29.7
463,243 i 26.1 37.6
100.0 5.6
8.3 5.8
3.0 5.0
8.1 2.9
48.0 7.6
16.5 5.7
2.,t 2.6
3.9 3.5
9.8 7.0
237,869 4.(I 50,544
425,978 i 7.2 80,036
895,797 [ 15.1 354,227
54,654 • t• ....
397,877
1,302,815
827,247
994,922
161,366
179,655
555,222
1,230,767
19,071
Number of credit unions
619,752 10.9
561,037 9.9
834,008 14.7
1,024,757 18.1
1,370,690 24.2
1.258,697 122•2•
100.0 28.5
8.8 25.2
4.4 33.0
10.5 24.7
36.1 30.1
11.6 25.9
3.0 21.2
4.7 18.8
20.9 39.5
168 28.3 2A
83 14.0 5.7
61 10.3 6.3
69 I l 1.6 11.6
93 I 15.7 24.2
119 I 20.1 54.3
151 19.6 1.9 7.024 I 66.0 | 105 13.7 6.6 1,4t7 ] 13.6
145 18.8 12.3 973 9.1
131 17.0 17.9 596 I 5.6
15 `4 , 20.0 34.0 385 I 3.6
84 10.9 63.6 219 1_ '797 l
Total assets
19,608 t 1.1 I 3.2 I-°-igi;3-1s--7• .......... .....
l-i ..... ......
38,,129 | 2.2 I 6.8 [ 511,067 8.6 ] 29,344 | 1.7 5.7
105,453 | 6.0 [ 12.6 [ 686,861 11.6 [ 44,986 | 2.7 6.5
186,908 | 10.5 [ 18.2 / 82(i,698 13.9 [ 102,685 | 6.1 12.4
t86,400 | 27.5 [ 35.5 [ t,160,830 19.5 I 303,610 | 17.9 26.2
5') 7 7't 2 1 188 463 36.9 1 191,830 70.4 54.5 934,545_[ o.-7•_?_'_._, l , ,
____ ....
•19 / ....
Represents credit unions reporting for December 1966.
2 Distribution by asset size partly estimated.
ahacludes Federal credit unions in the Canal Zone, Guam. Puerto Rico, and the Virgin Islands and State credit unions iu
Puerto Rico.
4 Estimated.
35
Arzntal Data /or Federal C•-edit {;,•io•.s--
Tile Buleau's Fina•cial and ,•'/ati.•liccll t•epo•l /or Federal Credit Unio•ls (FCU 521i was re-
vised in 1966, mainly to provide m<c i•ll()v-
marion on various policies that are in effect at
Federal credit unions. The revised t()rlll re-
quests information on interest rates d•arged on
various types o1: loans to members and cl•anges in restrictions on the maximum alllOtlllt o[
members' share purchases. Inforn•ati(),.• is also
requested on the types ot! share accounts (e.g., regular, joint, special) at the credit uni(m. The
breakdown oi: accounts, by size (section (: of
the report), which was requested as ot yearend 1{)65, was retained in the 1966 report, but in a
more summarized t!orm.
A•zTz'z•al Data for State-Chartered (;redit U'•t-
ions--The Bureau continued to collect data on
the operations of State-chartered credit unions
in each State from the State-chartered credit
union supervisory authorities.
A new form (FCU 524) was sent to all State
central credit unions, requesting selected bal-
ance sheet data for these special grot•ps, includ-
ing a breakdown of shares and loans t() indi-
viduals and to member credit unions.
Publication of
Research Studies
In order for Federal credit unions to benefit
from the conclusions obtained from analysis ot:
its statistical material, the Bureau ot! Federal
Credit Unions publishes the results oI! many
of its surveys and studies either in special pub- lications or in the quarterly BFC[! I•lletin.
During the past year, the results ot! a survey
of security of loans and loans charged off by a
sample of Federal credit unions, and a survey of the use of share account limitations by Fed-
eral credit unions and the role, if any, they play in the growth of the credit union were pub- lished in the Btdletin. Also appearing in the
th, lletin were articles on such topics as develop- ments in the consumer savings market and
trends in personal bankruptcies. Such articles
are intended to help credit unions interpret their own progress in relation to other financial
36
institutions or credit u•li()lls and t() suooest usc-
I•l ideas for improvement. ,S'tatistical Handboo/¢---A statistical handbook
sh()win ," operating ratios and averages was con>
piled based on yearend financial and statistical
data for 1965. The handbook, wllicl• was pre- pared on an experimental basis primarily for
the use o[ the I•FCU examiner staff, contains
ratios and averages for credit unions by selected
type-of-membership cateoor,, asset size o1 credit
union, and the nine BFC[• administrative re-
gions. The next issue of this publication is
t)eing expanded to provide separate data t!or
Federal credit unions tl•at have payroll deduc-
tion arrangements. Ratios and averages con-
tained in the handbook are shown on the fol
lowing page.
Future Surveys and Studies
A number ot! surveys and studies, with con>
pletion schedules in 1967, were in progress or
were being planned in 1966.
Grozvth of Federal Credit U•ions--A study ot! the characteristics of Federal credit unions
that have shown rapid growth in recent years,
compared to those that have grown relatively little, is planned. The study will be based on
yearend financial and statistical data reported by Federal credit unions that have been in con-
tinuous operation over a recent five-year period. Credit unions will be ranked according to
growth rate, and tabulations of balance sheet
and income and expense data will be prepared for each quintile by size of credit union and by type of membership.
Dividends Paid by Federal Credit Unions--
An article dealing with dividend rates paid by Federal credit unions in 1966 will be prepared on the basis of additional information that will
be developed from the 1966 financial and sta-
tistical reports.
bTterest Rates by Type o[ ,S'ecl•rity--New in-
formation requested in the 1966 Financial and
Statistical Report will make it possible to com-
pile summary data for monthly interest-rate
charges made by Federal credit unions. Federal
FCU/'66
New Data Shown in Statistical Handbook
No. o[ oper. credit unions
Total assets/liab, ge capital (thous.) Total loans to members (thous.) Total shares outstanding (thous.) Total mernbership
Principal items as percent of total assets/liab. 8•
capital: Loans to members
Cash
U.S. Govermnent obligations
Savings g: Loan Assoc. shares
Loans to other credit unions
Federal agency securities
Other assets
Members' shares
Notes payable Accts. payable • other liab.
Regular reserve
Special reserve for delinq, loans
Other reserves
Undivided earnings
Averages: Assets per credit union
Membership per credit union
Shares per member
Size of loans made during year
Outstanding loans end o[ year
Operating ratios:
Delinq. loans/Total loans (amt.) Total reserves/Total loans
Loans outstanding/Shares Total reserves/Shares
Regular reserve/Shares Total reserves/Delinq, loans
Total expenses/Gross income
Total expenses/Gross income '-'
Total salaries/Gross income
Dividends[Gross income
Percent dist. of expenses:
Total salaries
Borrowers' protection ins,
Life savings insurance
League clues
Surety bond premiums Exam. • superv, fees
Interest on borrowed money"
Educational expenses Other expenses
Actual to potential membership
Loss ratio a
t Before deduction o[ interest re[u•lds.
"-' 4fter deduction of interest re[unds.
a Net amount o• loa?ls charged off as percent of loa•z,s" made since organization.
37
credit unions were asked to report interest rates
charged on various type of unsecured and
secured loans to members as of yearend 1966.
This information will be available in 1967.
Metubers versus Number of Accoums--For
the first time as of yearend 1966, information
was requested concerning the types of share
accounts at thc credit union. Fcdcral crcdit
unions were asked to report the number of
regular accounts (individual and joint) and the
number of special accounts on their records.
On the basis of this information, an analysis of credit union membership in relation to
potential membership will be made in 1967.
Purpose- and Security-of-Loan Prograrn--A pilot test was conducted of a proposed survey
to obtain, on a regular basis, information con-
cerning the lending activities of credit unions.
The test involved about 100 Federal credit
unions that were asked to report selected infor-
mation on each loan made during the three
months of the test. The purpose of this test
was to expose and correct shortcomings in forms
and procedures associated with the survey be-
fore introducing it on a broad scale.
Several improvements were made in the pro-
gram as a result of the pilot test. One of the
major suggestions now under consideration is
that the needed information be obtained as a
by-product of the regular work of the credit
connnittee, by using a revised version of the
credit committee minutes. The form, which is
still preliminary, is illustrated below.
A number of technical and administrative
problems must be worked out before a regular reporting program dealing with credit union
lending activities can be introduced. It is
anticipated, however, that such a program will
be established on a limited basis in the near
future.
LOANS MADE
during month of
t9__ Charter number
Name ........................................................... FEDERAL CREDIT UNION
Mailing address .............................................................................
(P.O. Box or street and number) (City) (State) (ZIP Code)
Loans made ill current month:
Number Amount ...... $.
Credits to General Ledger Loan account during current month .............. $.
Outstanding balances, end of current month:
Total assets ....................................................... $.
Shares ........................................................... g
Loans to members ................................................. $_
Total assets December 31 of preceding year ................................. $.
(From Financial and Statistical Report Form FCU 521)
(SUPPLY THE ABOVE INFORMATION, IN DOLLARS, ON FIRST PAGE ONLY)
N E W L O A N S : REFINANCED BALANCE, IF ANY:
Maturity L Total (to near- Number Monthly Purpose Security i Amount est full of repay- interest of loan of loan Purpose Security n Date of Loan month) ments rate code • code • Amount code • code
e (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)
1.
2.
3.
4.
Etc.
See instruction sheet and codes ]or description o I purpose- and security-ol-loan categories.
38
BUDGET
39
Bureau Expenditures Expenditures ot: the. Bm-eau ()f Federal Credit Unions were slightly in excess of $5 million in
1966 and are expected to reach $6 million in 1967 and .:$6.4 million in 1968. Salaries and employ- ces' benefits during 1968 comprise approximately 80 percent of the total Bureau budget. The
remainder ot the expenditures is divided among costs for travel, printing, supplies, and other
miscellataeous items.
The BFCU completed 10,078 examinations of Federal credit unions in 1966, and is plan- ning to examine 11,018 Federal credit unions in 1967 and 12,105 in 1968. To perff)rm this work, approximately 300 examiners were needed in 1{166, and it is estimated that 322 examiners will
be needed in 1967 and 350 in 1968. The examiner staff represents more than two-thirds of all
Bureau employees.
Budget Schedules The following schedules are reproduced from the Appendix to the Budget o I the United
,Stales Government. The schedules show program performance and financial data for fiscal year 1966 and estimates for fiscal years 1967 and 1968.
10
11
14
21.98
24.98
l0
70
71
72.98
74.98
90
93
94
()PERATtNG FUND, BUREAU OF FEDERAL CREDIT UNIONS
Program and Financing (in thousands of dollars)
Identification code 09-30-4056-0-3-659 1966 actual
Program by activities:
Operating costs, funded:
1. Chartering ................................ 78
2. (a) Examination ........................... 3,911
(b) Supervision ............................. 795
3. Administration 227 .............................
-t. Oftice of Economic Oi•portunity training project 39
Total operating costs, funded .............. 5,{)50
Capital outlay, funded: Purchase of equipment ...... 10
Total program costs, funded .............. 5,060
Change in selected resources • ..................... 17
Total obligations ........................ 5,077
Financing: Receipts and reimbursements from:
Administrative budget accounts ..................
--39
Non-Federal sources (12 U.S.C. 1755-17561 ......... --5,140
Unobligated balance available, start of year .......... --1,421
Unobligated balance available, end of year ........... 1,523
New obligational authority: Relation of obligations to expenditures:
Total obligations .............................. 5,077
Receipts and other offsets (item 11-171 ............ --5,179
Obligations affecting expenditures ............ -- 102
Obligated balance, start of year: Receivables in excess
of obligations -- 67
Obligated balance, end of year: Receivables in excess
of obligations 125
Expenditures ............................. --44
Cash transactions:
Gross expenditures ............................
Applicable receipts ............................
5,028
--5,072
1967 est.
136
4,323
1,082
289
224
6,054
20
6,07,t
5
6,079
--224
--5,800 -- 1,523
1,468
6,079 -- 6,024
55
-- 125
167
97
6,039 -- 5,942
1968 est.
148
4,760
1,162
312
6,382
25
6,407
6,407
--6,374 -- 1,468
1,435
6,407
--6,374
33
--167
191
57
6,383 -- 6,326
Balances of selected resources are identified on the statement of financial condition.
4O
FCU/'66
Revenue, Expense, and Retained Earnings (in thousands of dollars)
1966 actual 1967 est. 1968 est.
Chartering program:
Revenue
Expense
Net operating loss, chartering program
Examination program:
Revenue
Expense
Net operating income or loss (--) examination
program.
Supervision program:
Revenue
Expense ....................
Net operating income, supervision program ....
Net income or loss (--) for tile year _ ........
Analysis of retained earnings:
Retained earnings, start of year ...............
Retained earnings, end of year ...............
16
--79
17
--137
18
--149
--63 --120 --131
4,366 --4,336
3,833 --3,924
4,798 --4,774
--91 30 24
1,291
--1,025 1,417
--1,374 1,558
--1,477
266 43
112 --47
1,574
1,686
81
--26
1,686 ! ,639
1,639 1,613
The Statement of Revenue, Expense, and Retained
Earnings shows that, although the Bureau had an
increase in net income of $112,000 in 1966, a slight net loss is budgeted for 1967 and 1968. This results
from absorbing the full cost of the employees' pay
raise voted by the Congress last year. The schedule
gives the financial results of the major Bureau pro-
grams: chartering, examination, and supervision.
41
Financial Condition (in thousands of dollars)
1965 actual 1966 actual 1967 est. 1968 est.
Assets:
Treasury balance
Accounts receivable net
Selected assets:
Advances
Deferred charges ................
� Fixed assets, net
Total assets
Liabilities:
Current
Government equity:
Non-interest-bearing capital: Donated assets, start of year Donated property to surplus .......
End of year ....................
Retained earnings
Total Government equity
1,354 711
18
3
129
1,398 826
26
5
121
1,301 908
26
10
124
¢ 1,244 956
26
10
131
2,215 2,376 2,369 2,367
641 690 730 754
1,686
1
--1
1,574 1,639 1 }
1,639 1,574 1,686
1,613
1,613
The Statement of Financial Condition shows that
on June 30, 1966, the Bureau had a cash balance
on deposit in a special fund in the Treasury of the
United States of $1,398,000. This amount is expected to decrease to $1,244,000 by the end of fiscal year
1968. The June 30 cash position is about halfway be-
tween the Bureau's high and low position. Usually on
December 31, the cash position is at its lowest. An
attempt is made to maintain a cash position equal to
two months' expenses--about $950,000--at the low
point in the year.
42
FCU/'66
Object Classification (in thousands of dollars)
Identification code 09-30-4056-0-3-659 1966 actual 1967 est. 1968 est.
11.1
1 1.4
11.5
19.0
21.0
22.0
23.0
24.0
25.1
25.2
96.0
31.0
41.0
42.0
94.0
99.0
Personnel compensation: Permanent positions ...................
Special personal services payments ........
Other personnel compensation ...........
Total personnel compensation ..........
Personnel benefits .......................
Travel and transportation ot: persons ........
Transportation of things ...............
Rent, communications, and utilities .........
Printing and reproduction .................
Other services ..........................
Services of other agencies .................
Supplies and materials ....................
Equipment ........................
Grants, subsidies, and contributions ........
Insurance claims and indemnities ...........
Total program costs, funded
Change in selected resources ...............
Total obligations ....................
3,745 8
6
3,759 281
658
16
70
49
11
141
24
10
39
9
5,060 17
5,077
4,499 8
6
4,513 340
717
18
70
50
15
213
25
20
86
7
6,074 5
6,079
4,839 8
6
4,853 365
752
19
72
50
15
231
25
95
6,407
6,407
43
AD•|NISTRATMVE
SUPPORT
o �
45
BFCU Bulletin
The Bureau of Federal Credit Unions pub- lishes the results of its activities in the quarterly Bulletin. The Bulletin, with a distribution of
about 16,000, is sent to officials of Federal
credit unions, Bureau employees, financial
editors, individuals interested in research activi-
ties, State supervisors, and State credit union
leagues.
Legislation
Tile Participation Sales Act of 1966 (P.L.
89-429) amended subsection 7 of section 8 of
the Federal Credit Union Act by providing Federal credit unions with the authority to pur-
chase participation certificates issued by various
Federal agencies with the Federal National
Mortgage Association (FNMA) acting as
trustee. In addition, the amendment clarified
the authority of Federal credit unions to invest
in obligations issued by FNMA itself.
The language of subsection 7 as amended
now reads:
(7) to invest its funds (A) in loans exclu-
sively to members; (B) in obligations of
the United States of America, or securities
fully guaranteed as to principal and interest
thereby; (C) in accordance with rules and
regulations prescribed by tile Director, in
loans to other credit unions in the total
amount not exceeding 25 percentum of its
paid-in and unimpaired capital and sur-
plus; (D) in shares or accounts of savings and loan associations, the accounts of which
are insured by the Federal Savings and
Loan Insurance Corporation; (E) in obli-
gations issued by banks for cooperatives, Federal land banks, Federal intermediate
credit banks, Federal home loan banks, the
Federal Home Loan Bank Board, or any
corporation designated in section 101 of
the Government Corporation Control Act
as a wholly owned Government corpora-
tion; or in obligations, participations, or
other instruments of or issued by, or fully guaranteed as to principal and interest by,
the Federal National Mortgage Association;
or (F) in participation certificates evidenc-
ing beneficial interests in obligations, or in
the right to receive interest and principal collections therefrom, which obligations have been subjected by one or more Gov-
ernment agencies to a trust or trusts ['or
which any executive department, agency
or instrumentality of the United States (or the head thereof) has been named to act
as trustee.
Uniform Accounting
System
The Bureau established a standard uniform
accounting system for Federal credit unions.
The Accounting Manual for Federal Credit
Unions (FCU 544) sets forth this uniform ac-
counting system and illustrates the basic ac-
counting forms. Variations in the system and
forms may be made if the standards listed in
the accounting manual are met.
A steadily increasing number of Federal
credit unions are installing data processing sys-
tems to maintain their accounting records. To
assist such Federal credit unions, the Bureau in
1964 issued a pamphlet entitled "Guidelines For
Use of Advanced Data Processing Procedures by Federal Credit Unions." Copies of this pamphlet may be obtained from the Bureau's regional offices. Information can also be obtained from
the regional offices as to whether a specific data
processing system has met the Bureau's stand-
ards.
To further assist Federal credit unions in
this area, BFCU late in 1966 issued in the Fed-
eral Register a proposed regulation concern-
ing the maintenance of accounting systems
generally by means of data processing. This
proposed regulation relates to the following general areas:
1. The purchase of accounting services by a
Federal credit union.
2. Participation in an accounting service by a Federal credit union through joint ownership of such service.
46
,7. The sharing ot! facilities by a Federal
credit union with another credit union
or financial institution.
Interested parties have been requested to
comment on the proposed regulation. It is
anticipated that the final regulation will be
issued during the first part ot! 1967. Copies will
thcn be distributed to all Federal credit unions,
and it will also be added to the t-IaT•dbooh for
Federal Cre(li! Unions.
P ternatio a Activities
The Bureat• assisted representatives from na-
tions throughout the world in credit union
operations. Some oi: the countries represented, in training
programs were Kenya, Tanzania, India, and
Turkey. in addition to personal contacts, the
Bureau provided tmndbooks, a(:c,,)unting mai!-
ttals, and other put)lications t() a :,lumber oi:
foreign cotmtries.
Yonah Samuel Msuya, Cooperative Inspector from Tanzania, participated in an extended
trainiwg program. His study covered BFCU's
administrative methods as well as the manner
in which its field program is com:ltlc:tecl.
Special training was given to 140 Peace Corps
Volunteers w"l•() were preparing at Arecibo,
FCU/'66
Puerto Rico, and the UniverSity ot! New Mexico
to o-o to I•atin America to work with credit
unions. The Bureau gave instructions to help the volunteers fulfill their mission of organizing credit unions in the host country, and estab-
lishing the credit unions on a sound, progres-
sive basis.
Training Programs
Training courses for examiners continued to
emphasize the total analysis process ap._d con>
munications skills. Because of Project Money-
wise, the examiners were given special training in the principles otf financial counseling
Since examiners oo far beyond simply exam-
ining credit unions, analysis at every step was
stressect, including the joint conference betwem•_
the examiner and credit union officials at the
close ()t: the examination.
A five-day block o• instructions on confer--
em:e leadership was conducted in 'Washington, i). (:., as a part of the BFCU's senior and inter-
mediate examiner conferences. The BFCi• Em-
ployee Development Otlicer also presented a
course on conference leadership in several
regional offices. The trainees continued the
training cycle in their respective regional otfices.
Peace Corps Volunteers
participating in classes
on credit union oper-.
aiionso
47
Thrift Honor
Winners for
Award
1966
The formula for determining which Federal
credit unions are eligible for the Thrift Honor
Award Certificate was revised in 1966 to recog-
nize and reward successful promotion of thrift
among savers with medium- and small-size
accounts. The new approach is made possible by tile breakdown of share accounts by size
provided by Federal credit unions in section
C of the Financial and Statistical Report.
Beginning with 1966, Thrift Honor Awards
are being presented to the 5 percent of Federal
credit unions that show the largest increase in
share accounts of 51,000 or smaller. In comput-
ing growth, the size of the credit union is taken
into account so that credit unions of all sizes
have an opportunity to qualify. The following Federal credit unions received
the award for their success in promoting thrift
in 1966:
ALABAMA
ACIPCO
M & S Steel Employees
Mclntosh Chemical
Noala Methodist
Opelika Rubber Workers
ALASKA Alaska Teamsters
Anchorage Teachers
Northern Alaska State Employees
ARIZONA
AJB
Arizona Standard Employees
City of Scottsdale Employees
GACE
ARKANSAS
Curtis Mathes Employees
N L R Uniformed Employees Southwestern House
CALIFORNIA Airco
Amstan Employees
Belridge Oil Employees
Brocks
CCG Employees
CMT
California Sperry Employees
Elbee O Dee
Fairview Employees
General Micro
Georgia Pacific Samoa
HGS
Harbor Area Postal Employees
Hueneme Oxnard School Employees
Hughes Tool Co. Aircraft Division
IBM Employees Southern California
LABAI
Local 509 U A W
Long Beach School Employees
Los Angeles Lee
MWD
Marine Corps Recruit Depot
N A B Pacific
Newport Mesa
ORCO State Employees
PMTSD
P & O Orient
Palm Harbor Employees
Pine Creek
RCSSE
Retail Clerks 197
Riker
Roseville Railway
Ryan Employees
S D Gasco Employees
S F Examiner
San Diego Naval Hospital
San Diego Transit System Employees
San Luis Union Oil Employees
San Rafael
Sears LA Vermont Employees
Sesloc
Sierra
W C H & C Employees
Walnut Creek
Weston B-W Employees
Woodruff Community Hospital
Employees
YCE
COLORADO Du Try
Farmers Tool and Supply
HID
Minnequa Works
Montrose
Otero County Teachers
SMWNo. 9
CONNECTICUT A B Co Ansonia Branch Unit 2
Employees
Bridgeport Brass No. 1
48
Fuller Brush Employees Groton Shipbuilders Hartford Hairdressers Unit 1
New Britain Postal Employees New Haven Police
New Haven Postal Employees Nutmeg P M & M Employees Park City Hospital Employees
Remshave
Seamless Rubber Employees
Spencer Turbine Employees
Westport School Employees
DELAWARE DPL
Local 26 Plumbers
Local 626
NVF Company Employees
DISTRICT OF COLUMBIA
Andrews Air Force Base -
Capico Employees
Central Cardoza
NRECA
Patent Office
Southern Railway Executive Office
Employees
FLORIDA AGRICO
City of Naples
F I C Employees
Florida Customs Employees
Florida Department of Agriculture
Holy Family Catholic
Jacksonville Corps of Engineers
Lakeland Postal Employees
May-Cohen Employees
Miami
Miami Shores Village Employees
Pinellas County Employees
Tampa A C L Employees
Tampa P O
Volusia Teachers
GEORGIA
Albany MCSC
Albany Thread Mill
Atlanta Penitentiary
Atlanta Teachers No. 2
Bibb Teachers
Carling Atlanta Employees
Dekalb County Teachers
Electrical Workers
EZ
F A A Southern
Georgia Power Columbus Division
Employees
Gwinnett Teachers
HEW Atlanta
TIC
GUAM
Government of Guam
HAWAII
Hamco
Kauai T & C
Lihue
Schofield
iDAHO Cottonwood Community French's Shelley Employees Kootenai Farmers Union
Nampa Fellowship Pocatello Railroad Employees Ricks College
S E I U.S. Employees
ILLINOIS
Aldergate ANC
C T A General Office
Cornell Community D A I Employees Decatur Firestone Employees
Dispatch
Goodyear No. Chicago Employees
Hyster Kewanee Employees Joliet Municipal Employees Kemba Chicago N A S Glenview
Nabisco Employees North Park Garage Pilsen Neighbors
Quaker
Rantoul Schools
SMI-SL
School District 151
School District 213 Employees
Super Valu Employees V A West Side Hospital
Warwick Employees
FCU/'66
INDIANA 3433
AA
Bridgeport Brass Indianapolis Dietzens
Evansville Post Office
Fort Wayne State School Employees Foster Forbes Employees
Gasco Employees
Holy Family Council
Hoosier Refinery Employees
Howard County School Employees
N & W Indiana Employees
N I P S Co. M C Division
New York Blower Employees
North Eastern Indiana Barbers
Portage School Employees
State Farm Insurance Companies
Lake Central
Sterling Employees
Valparaiso University
Wells Aluminum Employees
KANSAS
McPherson
Morton Employees
Osborn County Co-op
Tip Top
KENTUCKY
C Plant Employees
Frankfort Federal Employees
I B E W Local 369
USPHLE
LOUISIANA
Blue Cross of Baton Rouge
Brewster
Cee Zee Employees
Ethyl Employees
JDEA
Jeff: Davis Teachers
LAGC Employees
La Capitol
Morgan City Employees
New Orleans Union Passenger
Terminal Employees
Pointe Coupee Education
Association
Space Employees
Stratton Baldwin Employees
49
LOUISIANA (cont'd) Touro Employees
United Gas Employees
MAINE
Houlton
Holy Rosary Caribou
Madawaska
Maine Aire
St Agatha
St. Augustines
St Francis Desales
St Johns S P
St Marys Bangor
MARYLAND
Armistead Homes
Canco Md.
Har Co. Md.
Kirk Employees
Local 557
Montgomery County Postal
Employees
MASSACHUSETTS
Amalgamated NE
Asnacomet
Cambridge Teachers
Cape End
Checker Taxi Employees
Franklin County School Employees
Kennedys Employees
Lynn Gas & Electric Co. Employees
Microwave Employees
Middlesex County Employees
Mission Hill
Newburyport Municipal Employees
Otis
Pioneer Mass
R&D
RAH
Salem Teachers
Somerville Mass Firefighters
Somerville Municipal
Westover
Zero Employees
MICHIGAN Bull Dog Employees
Cunningham Drug Employees D M Employees
Detroit Rubber
Goodwill Industries of Greater
Detroit
Iron Mountain Kingsford Community
Lake Shore Employees
Leo XIII K C
Lloyd Employees
Saginaw VA Hospital
St Alfreds Parish
St Charles Parish
St Valentine
Standard Tube Employees
Vickers Employees
Ward Employees
MINNESOTA
Dispatch Pioneer Press Employees
Red Lake Co-op
School District 271
MISSISSIPPI
Friendship Community
Gulf Coast School Employees
Jackson B P A
Meridian Naval
Mississippi Highway Safety Patrol
Mound Bayou
Veterans Administration Employees
Jackson Mississippi
MISSOURI B S & B Employees
Wohlco
MONTANA
Billings N P Employees
St. V's
Valley
NEBRASKA
Douglas County Employees
Madison County Government
Employees
Nemeco
Omaha U P Shop Employees Red Ball D C
NEVADA
Ensign
FaIIonNAAS
Henderson City
VAC Reno
NEW HAMPSHIRE Portsmouth NH U S Employees
NEW JERSEY ACE
Asbury Park
Clifton NJ Postal Employees
Cumberland County Federal
Employees
Essex Division Telephone F A A NAFEC
NAPD
Newark Police
Parlin Dupont Finishes Employees Self Reliance JC
Wenewark
West Hudson Teachers
Westwood
NEW MEXICO Citco
Clovis Santa Fe Employees
Dona Aria County Teachers
NPC
Questa Mobly
White Sands
NEW YORK
106th Air Transport Group
Ami Employees
Broome County Employees
Buffalo Hebrew Social Club
Canada Dry Home Offlce
CD2
Chemung County Federal Employees Commuter Lodge
Cornell
Eastern Correctional Inst. Employees Fordham
Gasoline Merchants
Gates--Chili School District
Grand Central Terminal Employees
Hudson River Teachers
I P Co NY Office Employees
IRS Buffalo
Kenmore NY Teachers
Local 36 A F G M
Local 1212
MSH
Matteawan State Hospital
Employees
MAW
MCT
Milk Drivers Local 645
Moog Employees
5o
Mount Carmel
Mount Vernon Teachers
Niagara Falls Policemens
N Y A B Employees
Olean Times Herald - WHDL
Employees Rome Teachers
Simonds Lockport Employees
Spaulding Fibre Employees St Arms
Sweet Home
Ulster County Teachers
U S Court House SDNY
Wallkill Prison Employees
Webster School District
W. Genessee School District
Employees
West Seneca Central Employees
West Seneca State School
NORTH CAROLINA
Cone Mills Cliffside
Cone Mills Salisbury
NORTH LHHS
NDSU
DAKOTA
OHIO
Airtite
CAE
C T S Reed
Capital Machine
Catholic Diocese of Cleveland
Central State University
ELCM
East Ohio Gas Youngstown Division
Employees
Emery Industries Employees
FRESCO
GME
Hamilton Ohio Public School
Employees
Heath
HKF
I A of M Lodge 1356
Ledex Employees
Lima Ohio Postal Employees
Lima Public School Employees
Meatcutters Local 626
NASW Cleveland Area Chapter
North Royalton School Employees
Oxford Miami Employees
Republic Rubber Employees School Employees
Sherwood Employees
St. Joseph Mantua
Stark County School Employees
The Blade Times
U A P Employees
Woodco
Youngstown Ohio City Employees
OKLAHOMA
Douglas Aircraft Tulsa
Enid City Employees
Fansteel
Humble
Skelly Tulsa
Tulsa County
Tulsa DX
OREGON Adair
Carpenters 190
Castparts Employees
Chetco Employees
Clackamas Pomona
Ctatsop Tillamook Teachers
Coos-Curry Teachers
Jackson County Federal Employees
Lebply
Mar Po
O E C O Employees
P & F Local 481
Teamsters 162
Washco Grange
PENNSYLVANIA
ALMO
Assisian
Bears
Boyertown Casket Workers
Bux-Mont Lodge 1092 I A M
Byers Ambridge Employees
Cal Ed
Case
CP Works Employees
EFL
Ell Bee
Erie Times Employees
Fifty-ninth Street Baptist Church
Freedman Post 706 J W V
Frick District Employees
General Teamsters 963
I A M Local 1928
Jay Bee Employees Knit Goods
Lanstranco
Local 542 District II O E
Local 542 District III O E
Merck Cherokee
Mount Carmel Baptist
Mount Lebanon (Pa) School
Employees
NEAPCO Employees
Northview Heights Residents
P P & L Company Harrisburg
Division
PAAC Transit Division
Philadelphia EOCC
Philadelphia Mint
Philadelphia Service Center
Pittsburgh Carnegie Library
Em ployees
Pittsburgh Coke & Chemical
Employees
Pittston (Pa) Postal Employees
Retreat Employees
Robertshaw Employees
Rostraver
RTC
SCB
Scranton Times Employees
Screw & Bolt Corporation of
America
TFC
Uniploye
York Dispatch
Yorkco York Employees
Zoar Methodist Church
FCU/'66
RHODE ISLAND
I T T Royal
SOUTH CAROLINA
Anderson (SC) Cty. Teachers
Columbia (SC) Highway Employees
Columbia (SC) Teachers
IBEW Local 382
McEntire
Parris Island
PDEA
SCSE
Spartanburg U. S. Employees
Sroo
278-919 0-67--3 51
SOUTH DAKOTA
Dale-Sioux
Morrell Employees
Parkston
Pierre Federal Employees
Rosebud
S. D. State Employees
Sioux Falls Municipal Employees
Sioux Falls Teachers
Sioux Falls V A
Swift Watertown Employees
TENNESSEE
Aero Machinist 735
Alcoa Tennessee
Chattanooga Hamilton County
Teachers
Chattanooga R M S
Cleveland Woolen
K-25 Employees
LG&W
Memphis Chapter
Navy Memphis
Plasti-Line Employees
Shelby County Employees
TETCO V
TEXAS Air Defense Center
Austin Teachers
Belton
CSC Dallas
Chase Field
Cosden Employees
Cotton Belt
Daco Houston
East Grand
Eastland County Teachers
FLT
Fina Employees
Fort Worth Federal Employees
Friedrich
HEB
Hale County Teachers
Houston Musicians
Howard County Government
Employees
Howe
IBEW LU 60
I LA 1273
Jaggars Chiles Stovall
Katy Waco
Kilgore Shell Employees
Laredo District CPL
Litton Employees of Texas
Lufkin State School
Maverick County Teachers
Midland Gulf
Morris Sheppard Texarkana
Oil Well Employees
Rusk State Hospital Employees
SAC Employees
St. Henry's
St. Joseph's Nixon
Shamrock Hilton
Spohn Hospital
T B C Employees
Texaco PAW Employees
Texarkana Terminal Employees
Texas A & I
Texas & Pacific Employees
UOGO Gulf Division
VA Regional Office
Waco City Employees
Walker County Teachers
West Texas
Willacy County Teachers
Windthorst
UTAH Associated Federql Employees
Conoco Employees
D & RGW Car Department
Employees
IBM SLC Employees
Laborers Local 79
Tooele Army Depot
UPPCA Employees
Weber State College Employees
VIRGINIA Alexandria Public Schools
Employees
Bonnie
FFV
I B E W Richmond Va. Local 666
Owens 1013
PWC NOR VA
Poly Scientific Employees
Reymet
Standard Paper of Richmond Va.
WASHINGTON
Coulee Dam
Ft. Lewis
Grays Harbor Rayonier
Lower Columbia Longshoremen
Tacoma Machinists
WEST VIRGINIA
Appalachian Power Employees
Cha-Tel
Globe
Hope Employees
Kanawha Teachers
Methodist W. Va.
Mobay Employees
Romney
Steel Crete Employees
Wee
WISCONSIN Sheldon
WYOMING Atlantic City
Elk Basin
Sheridan Division CB & Q
Employees
White Crown
q
52
PUBLICATIONS
FCU/'66
The following publications may be ordered from the Superintendent of Documents, U.S. Government
Printing Office, Washington, D.C. 20402:
No.
FCU 531
1961)
FCU 532C
1965)
FCU 533
1965)
FCU 535
1964)
FCU 536
1966)
FCU 543
1964)
FCU 544
1965)
FCU 545
1961)
FCU 548
1966)
FCU 550
1965)
FCU 555
1967)
Title * Price
Organization of a Federal Credit Union (Chart) $0.05
Federal Credit Unions (information pamphlet) .05 or $3.00
per 100
Money Worries? A Credit Union Can Help .10 or $5.00
per 100
Federal Credit Union Bylaws, Specimen Copy .20
Hi! I'm Mr. Money Wise .10
Handbook for Federal Credit Unions (includes Rules and .75
Regulations)
Accounting Manual for Federal Credit Unions (Revised 7-65) 1.25
Supervisory Committee Manual .55
Credit Manual for Federal Credit Unions .40
Effective Collection Procedure for Federal Credit Unions .35
Emergency Preparedness Guidelines for Federal Credit Unions .25
Selected publications listed above are also available in Spanish, as follows:
FCU 532-Sp
(1962)
FCU 534-Sp
(1965)
FCU 535-S
(1964)
Una Vida Meior por Medio de las Cooperativas Federales de
Credito
Ley Federal de Cooperativas de Credito
Cooperative Federal de Credito--Modelo
* Price subject to change.
.05 or $3.00
per 100
.15
.15
Publications listed below may be obtained, without charge, from the Bureau of Federal Credit Unions:
No.
FCU 61
(1963)
FCU 80
(1967}
FCU 505
(1967)
FCU 537
(1966)
FCU 540
(1965)
Liquidation Procedures for Federal Credit Unions
Merger of Federal Credit Unions
Organizing a Federal Credit Union
Bureau of Federal Credit Unions (New Employees and Foreign Visitors)
Sale and Redemption of United States Savings Bonds by Federal Credit Unions
53
FCU 541
(1965)
FCU 549
(1966)
FCU 552
(1967)
SSI 3
(1967)
(1964)
Accounting Machine Handbook for Federal Credit Unions
Development of Federal Credit Unions
Guide to Standard Amendments to the Federal Credit Union Charter and Bylaws
Hi! I'm Mr. Money Wise
Guidelines for Use of Advanced Data Processing Procedures by Federal Credit Unions
q
54
STATISTICAL TABLES
FCU/'66
1. Assets of operating Federal credit unions (by region and State) ...............
2. Liabilities and capital of operating Federal credit unions (by region and State) ___
3. Assets of operating Federal credit unions (by type of membership) ............
4. Liabilities and capital of operating Federal credit unions (by type of membership) _
5. Gross and net income, and undivided earnings of operating Federal credit unions
(by region and State) ...............................................
6. Expenses of operating Federal credit unions (by region and State) ............
7. (;ross and net income, and undivided earnings of operating Federal credit unions
(by type of membership) .............................................
8. Expenses of operating Federal credit unions (by type of membership) .........
9. Dividends and interest refund paid, June 30 and Dec. 31, 1966 (by region and
State) .............................................................
10. Dividends and interest refund paid, June 30 and Dec. 31, 1966 (by type of mem-
bership) ...........................................................
11. Federal credit unions paying dividends on December 31, 1966 shares, by dividend rate class (by region and State) .......................................
12. Federal credit unions paying dividends on December 31, 1966 shares, by dividend rate class (by type o1: membership) ....................................
13. Loans made ill operating Federal credit unions during 1966, and current and
delinquent loans outstanding as of December 31, 1966 (by region and State)___ 14. Loans made in operating Federal credit unions during 1966, and current and
delinquent loans outstanding as of December 31, 1966 (by type of membership) 15. Loans made and loans charged off and recovered, in operating Federal credit
unions, from date of organization through December 31, 1966 (by region and
State) .............................................................
16. Loans made and loans charged off and recovered, ill operating Federal credit
unions, from date of organization through December 31, 1966 (by type of
membership) .......................................................
17. Membership and paid employment in Federal credit unions, December 31, 1966
(by region and State) ...............................................
18. Membership and paid employment in Federal credit unions, December 31, 1966
(by type of membership) ............................................
19. Federal credit union charters issued, canceled, and outstanding (by region and
State) .................... • ........................................
20. Federal credit union charters issued, canceled, and outstanding (by type of
membership) .......................................................
21. Number of share accounts by size, December 31, 1966 (by region and State) ....
22. Amount of shares, by size, December 31, 1966 (by region and State) ...........
23. Number of share accounts by size, December 31, 1966 (by type of membership)__ 24. Amount of shares, by size, December 31, 1966 (by type of membership) ........
25. Federal credit union operations (by asset size) .............................
26. Selected ratios and averages (by asset size) .................................
27. Selected ratios pertaining to Federal credit union operations (by region and State) _
28. Selected averages pertaining to Federal credit union operations (by region and
State) .............................................................
29. Selected ratios pertaining to Federal credit union operations (by type of mem-
hership) ...........................................................
30. Selected averages pertaining to Federal credit union operations (by type of mem-
bership) ...........................................................
31. Percentage distribution of total expenses of operating Federal credit unions (by region and State) ....................................................
32. Percentage distribution of total expenses of operating Federal credit unions (by type of nlembership) ................................................
33. Percentage distribution of share accounts by size (by region and State) .........
34. Percentage distribution of shares by size (by region and State) ................
35. Percentage distribution of share accounts by size (by type of membership) .....
36. Percentage distribution of shares by size (by type of meml)ership) ............
37. Total assets of credit unions, December 1957-December 1966 (Federal and State-
chartered) ............................................................
38. l.oans to memhers by credit unions, December 1957-December 1966 (Federal and
State-charte,-ed) .....................................................
39. Total savings in credit unions, December 1957-December 1966 (Federal and State-
chartered) ..........................................................
56
57
58
59
6O
61
62
63
64
65
66
67
68
69
70
71
72
73
74
/D
76
77
78
79
80
81
82
83
84
85
86
87
88
89
9(1
9l
92
94
96
55
Region and State
TABLE I.--A',S£TS OF OPERATING FEDERAL CREDIT UNIONS, BY REGION AND STATE, DECEMBER 31, 1966
Number of
Federal
Credit
Unions
Tolal .............. 11,9"-i
ew England ....................... •- 7 :i
Connecticut ...................... Z • 0
Maine .......................... •
• .'?
Massachusetts .................... : 3 3
New Hampshire .................... %.
Rhode Island ..................... 34
Vermont ........................
ideost ........................... J, i 2 %
Delaware ........................ 6/"
District of Columbia ................ 172
Ma•land ........................ 175
New Jersey ...................... ,q L, 3
New York ........................ 1,079
P•nsylvania ..................... I • , | i!2
Total
(Amo•lts in thousands)
U.S.
Government
Obllgotions
� /
SO ving/s and
Loon
Shores
</ Loons to
Other
Credit
Unions
Federal Other
Agency Assets
Securities
$•,aea,941 $125,10 Z $6•4,•L5 $116,415 $51,580 $bi,536
•97,•77 •,6&5 :•],TQE. 4,996 11,122 b,361
Loons to Cash
Me•bers
$4,32 •,ot. 3 $305,4•4
26i � b04 ?3 ,4[:4
151,27• !•,627
7..•, 440 t•, ['74
]i,77• 1,474
52V 47
945,74o 77,52 r)
19,1}4 1,2"0
I•'2,5•,3 E,2D;
•d,140 •111,2
113,607 g,£[.O
?g2,6g:J 31,7•7
2•g,637 23,301
647,812 47,241
ic1029 l,CI3
143,271 1 •J, 5AE•
[ c), 4"•b 6,273
18, 17"1 I,]39
60,•J53 6,7•+0
30,•07 2,61,0
22,501 1,6 •5
32,619 1,4C7
75,•h6 t 17c,?
6717!5 51127
28,550 2, I 7•J
728,06• 54,213
67,794 5,C 'i]
I•I,169 12,7%9
323,120 18,357
195,462 18,205
52J 45
122,551 e.,43%
?,945 196
47,477 7,213
9,776 7•9
12,5•5 I,C62
2g,925 2,128
7,21 [ 494
17,6d2 1,5•2
145,373 8,231
65,2,%9 3,535
71,I01 g�,5
22,390 1,297
24)549 1,117
II)974 I)197
457) Ig7 26) •.•7
65,25Z 2,404
32,555 I ,25&
48,II• 2,755
311,277 19,732
I , 000) 49•J 56,502
21,77h 2,•23
718,04• 3.'5,719
96,121 9,(=.72
27,924 1,453-
60,31o 3,590
76,81& 317•6
15,I01 1,3t13
3,59U 425
1,641 32
9,673 £79
189 45
L,191
BOB
1,59•
1,033
27,00>
Ill
!,766
1,212
0,112
7,551
IU,25G
it;,7q7
4,907
32
•,gg5
963
3O6
I,954
819
114
377
Z,117
1,943
1,266
50,174
4,431
15,217
3,760
6,765
5,648
30
636
63
1,702
2,28q
50
879
2,447
1,535
280
458
i0•
56
8,375
I,625
1,3•6
753
4,611
23,III
20,824
1,383
732
172
45,6C•
9,51 q
23,346
1,7C4
1,3•4
237
3•6,254
209,323
•S,7&2
I06,g12
16,163
3,•53
8•4
1,3C2,815
2,0•6
•,4IS
7,342
G•,440
62,2H4
79,6RU
83,352
5)01]
1,215
11,55•
5,724
2,086
Z0,45C
2,377
1,9o0
2,558
16,020
9,337
4,0C7
133,8•
17,219
40,9•9
28,91a
46,633
70
17,79•
1,496
3,914
1,2 7•
2,476
5,12•
8ZI
2,64]
13,493
5,552
1,254
2,4c4
1,2C2
3,021
45,5•@
1,482
6,173
3,252
34,622
19C,628
2,615
49,6g3
32,02Q
577
7,07A
8,639
2,I&5
1,5•7
1,5Og
1,354
487
44
65
21,970
23,47B
214,620
•2,521
179,052
409,577
393,417
827,246
761
5,128
1,396
1,570
6,753
6,362
15,8•5
1,328
361
2,727
1,817
450
1,256
964
727
522
2,645
2,3•S
618
26,098
954
3,347
17,302
4,495
3,369
44
I,478
364
322
706
•7
429
7,576
3,794
1,164
720
1,727
172
10,225
1,852
550
516
7,303
26,086
761
18,523
876
1,689
I,I02
3,135
271
i0,635
Ig3
169
lOb
14,391
7,329
36S
328
5,835
527
6,675
29
tO
1,910
2,629
65J
439
.....
E 525
465
6,502
30
2,596
1,097
2,733
47
2,088
670
35
32
1,351
164
64
lOO
1,417
499
143
99
675
9,220
9,064
21
5
130
1,453
884
910
76
31
6
9,913
196
1,426
R62
1,115
2,727
3,588
7,448
664
135
1,831
1,178
243
691
297
170
263
822
752
401
15,879
706
2,230
10,706
"2,214
24
1,481
68
613
147
84
302
58
208
2,371
658
693
573
323
125
6,240
1,332
307
590
4,012
14,721
)utheast ......................... 2
, I 03
Alabama ........................ ?C;5 7•, 154
Arkansas ........................ 73 I •, •45
Florida ......................... ;" "• '3 173 , 836
Georgia ........................ 2>4 :•,• )C12
Kcntucky ........................ ] (2. 1 2.? � 4 O?
Louisiana .......................
354 I 12, 705
Mississippi ...................... I 3{" 36 ,013
North Carolina .................... •7 77, 107
South Carolina .................... 97 37, 811
Tennessee ....................... ] <•,• ] O• , 599
Virginia ........................ ? !3 •2 • I , 738
West Virginia ..................... I • 0 37, e 24
root Lakes ........................ l,f. 9? 994,9•2
Illinois ........................ •! q6, 161
Indiana ......................... t•61 21g,287
Michigan ........................ 37 "• 403,258
Ohio ........................... (!I 276,507
Wisconsin ....................... 3 709
loins ........................... •'38 I 61 , 367
Iowa .......................... • 4,778
Kansas ......................... 74 c:2,C50
Minnesota ....................... r]4 ] 2 � 450
Missouri ........................ [• • 18
, 213
Nebraska ........................ • d 41 , 824
North Dakota ..................... "• 3 8,661
Sou th Dakota ..................... I 03 23,390
0cky Mountain ..................... 4 i 2 179,654
Colorado ........................ I • 0 8 C, 526
Idaho .......................... hi -.'?5,545
Montana ........................ I C'5 28, CO',
Utah ............................ W• ?O, C27
Wyoming ........................ "x9 16, 595
)uthwest .......................... 1,176 555,22]
Arizona ......................... 1 C'3 74,536
New Mexico ...................... /'8 42,370
Oktahoma ....................... I 31 56, C77
Texas .......................... 874 382,239
or West .......................... i,g3Z 1,730,768
Alaska ......................... I 36 27, 120
Collfomla ....................... ! i,185 8•I,285
Hawaii .......................... 167 141 ,(559
Neva• ......................... 68 32,767
� I _. 1 74,226
Wosh;ngton ..................... . I 175 94,310
,her ore.as ........................ I 52 19,071
Canal Zon,• ...................... 7
Guc• .......................... 3 Puerto Rico ..................... jg
Virgin Islands .................. 3
143
9,417
958
1,145
1,406
I)652
I21
5,g•6 ........ ],826 46 ....... 30
1,736 ....... 30 25 ...... 8
11,173 ........ 339 200 ....... 82
236 ............................. 2
56
TABLE 2.--LIABILITIES AND CAPITAL OF OPERATING FEDERAL CREDIT UNIONS, BY REGION AND STATE, DECEMBER 31, 1966
(Amounts in thousands)
FCU/'66
Region and State
Totat ...........
qew England ....................
Connecticut ...................
Maine .......................
Massachusetts .................
New Hampshire .................
Rhode Island .............. • . . .
Vermont .....................
•ideast ........................
Delaware .....................
District of Columbia .............
Maryland .....................
New Jersey ...................
New York .....................
Penn sylvanla ..................
;outheast ......................
Alabama ............... . ......
Arkansas .....................
Florida ......................
Georgia .....................
Kentucky .....................
Louisiana .................... i
Mississippi ...................
North Carolina .................
South Carolina ............ . .....
Tennessee ....................
Virginia .....................
West Virginia ..................
•reat Lakes .....................
Illinois ..................... ,
tndiano ......................
Michigan ......................
Ohio ........................ ,
Wisconsin .....................
'lalns .........................
Iowa ........................
K•sas .......................
Minnesota ....................
Missouri ......................
Nebraska ......................
North Dakota .................. i
South Dakota .................. ,
•ocky Mountain ...................
Colorado .....................
Idaho ........................
Montana .....................
Utah ........................
Wyoming .....................
•outhwest ....................... [ ,
Arizona .......................
New Mexico ....................
Oklahoma .....................
Number of
Federal
C re di t
Unions
ILeg41
f73
3!6
1=?
335
34
2
3,123
66
172
178
493
1,18•
2,I03
2¢q
75
295
2Z4
101
3•.
13L
c: ?
Q7
I00
•08
lUG
2•8
461
379
c-
74
5",
lcC
t: 3
!(5
q q
176
Texas ........................ ,• 7 4
Far West ....................... I , !• 3 ?
Alaska ...................... 3 5
California .................... 1,1•
Total Notes
Payable
Accounts
PaycbIga•d Other
Liabilities
Shares Regular Reserve
Special Reserve For
Delinquent Loans
Other
Reserves' Undivided
Earnings 2
$5,668,941 $IIS,7• $34,C92 •,944,033 $312e12• $4,909 $21,844 $236,150
3q7,877 3,119 2,744 352,981 2C,841 434 946 16,813
209,323
•.fi,742
I0c,q12
16,163
3,883
884
11,302,815
23,428
214,820
92,821
179,C52
409,577
3q3,417
•27,246
983
1,363
65•
110
2•
i0
24,6•2
78,154
I•,845
175,•3•
X8,012
22,402
112,706
%8,C13
77,107
37,811
I03,5g9
e7,7•8
37,0?4
9q4,822
1,059
4,804
2,364
2,154
0,659
7,641
14,531
!,0•0
455
2,689
1,41•
1,0•9
1,262
4d•
56•
1,03•
1,23u
2,674
2•,•q2
3,•70
16,24•
2,R51
ld
a,2i•
1,4;•4
361
370
XSJ
46U
3,7•4
[,525
50t•
7>4
143
IC,R?•
Z,OPc
!,16,,
90k
6,67,,
3!,417
22,5!•
1,003
•,4g[
•,170
2,42•
1,7q4
186
761
19
5
i
7,488
06,161
71•,287
433,258
276,507
70q
161,367
•U
2,•42
8ci
1,109
1,873
q12
3,•14
3h7
32
1,C95
lqO
27
4•9
•0
156
c7
05
49
!78
-2,5[2
836
3,3]0
9
•0
40
16
40
526
204
44
46
4,334
•0
140
1o7
3, •G7
9,]20
4 •4
0,753
917
2•,5
260
670
18E,070
52,942
95,346
14,462
3,409
7S2
1,133,225
4,778
52,C50
12,450
1R,213
41,•24
8,6eI
23,390
179,654
20,242
I•7,706
72,536
155,6B8
358,191
338,861
71g,884
67,722
16,47 m
152,889
76,955
Iq,2q3
97,675
33,412
23,966
33,371
90,214
76,061
31,848
•68,432
b5,155
1qi,837
346,04q
244,753
638
142,075
4,301
45,461
11,07q
15,974
37,242
7,500
20,428
156,613
70,403
21,9•6
24,509
25,050
14,574
47q,34 n
6m,26R
•6,AO0
32¢,525
I,C74,890
25,44•
753,300
124,008
27,060
c4,662
•Z,323
16,585
II,3C7
3,0C4
5,419
794
250
67
75,723
C0,526
25,546
2&,001
•9,C27
16,585
555,221
1,01•
11,544
3,635
12,080
24,317
23,130
48,2%0
4,609
11,170
4,q64
1,0C5
2,2E7
1,217
1,644
6,7C•
4,5•C
2,163
52,02•
5,610
12,1•8
19,024
15,2C8
2•
q,274
220
2,441
7C0
l,OtO
2,2•4
437
1,23 •
g,43•
4,2Cq
1,259
1,4C2
1,687
8•6
•3,01¢
],6•0
2,427
3,372
d3,55f,
63,3e2
1,147
4P,932
q,154
l,Sea
3,446
5,11•
1,2C2
104
46
240
33
II
1,271
74,535
42,•79
<6,C77
382,239
1,230,76•
24
19
25
22
312
868
361
70
I
49
80
11
26
27
1
7
31
37
21
2,087
qO
116
I ,488
392
65
17
g
18
2
3
14
111
11
8
21
67
6
105
4
32
61
464
389
340
210
7
6,081
•7,120
,• 61 , 2",5 Hawaii ...................... Ibl 141 ,05g Nevada ...................... • a 32 , 7•7
Oregon ...................... f•;. , 74,226 Washington ................... ]. 75 94, ] 1 O
3,her ar•as ..................... •" • 19, C 71
Cono[ Zone ................... 7
Guam .......................
Puerto Rico ................... ]
Virgin Islands ................. , j
71
1,363
624
931
1,754
1,338
3,268
2•6
162
879
294
135
126
95
144
•5
275
493
363
3,890
401
545
1,S05
1,139
758
10
30b
27
49
193
44
125
1,078
449
262
179
94
94
1,857
268
4J
291
1,254
3,942
8,738
2,862
4,267
739
154
54
54,345
'Rescue for contingencies and special reserve for losses.
924
6,541
2,676
7,067
16,472
20,666
37,639
d,g40
796
7,066
4,155
873
6,201
1,624
1,053
1,672
4,841
3,534
1,885
39,083
J,610
8,924
15,523
11,199
27
o,563
148
2,126
425
722
1,753
306
1,083
7,720
•,40•
994
1,248
1,359
717
25,769
2,585
1,797
2,525
18,861
47,372
16
248
20
100
48
32
23•
3,142
90
5o
224
19d
1,03t
32,302
5,868
1,21l
3,411
3,548
36/ 33 25 846
5,926 •'3 ? 5,122 422 9 316 1,7%6 75 4 1,584 3C ........ 2 41
•I,173 242 9,679 720 2 23 485
236 .............. 200 30 2 ....... 3
•eforepaymentofyear-enddividend.
57
TABLE 3.--ASSETS OF OPERATING FEDERAL CREDIT UNIONS, BY TYPE OF MEMBERSHIP, DECEMBER 31, 1966
(Amounts in thousands)
Type-of-membership
Number of
Federal
Credit
Unions
Total .............. 11, o41
ASSOCIATIONAL GROUPS - TOTAL ..... ], 84£
Cooperatives ....................... 142
temal and professional .............. •6E•
igious ......................... 749
mr unions ....................... & 7&
er associational groups .............. ] l 5
DCCUPATIONAL GROUPS - TOTAL ..... 9, Rgq
Ag icuJture ........................ 3 q
,ng ........................... 60
•tract construction .................. 3F.
lufactu6ng ...................... 4t 573
Food and kindred p,o•ucts ............ 47 r'
Textile mill prod. and apparel .......... 204
Lumber and wood products ............ • 7 S
Paper and allied products ............. 305
Printing and publishing .............. 250
Chemicals and allied products .......... "•62
Petroleum refining .................. 2 •$ 5
Rubber and plastics products .......... 131
Leather and leather products ........... 5 3
Stone. clay, and glass products ......... 239
Primary metal industries .............. ?,78
Fabricated metal products ............. 393
Machinery, incl, electrical ............ 772
Tran sponatlon equipment ............. 34(
Motor vehicles and equipment ......... 23 •,
Aircraft and ports ................. R 6
Instmmonts' ...................... 84
Other manufacturing ................ | 20
•nsportatian, communication, and utiJltles, . 1 � (" 58
Railroad transportation ............... 281
Bus tran sportation .................. 15
Motor freight teen sparta,ion •
........... 128
Air transportation .................. i 38
Other transportation ................. , •
Communications ................... • •'
Telephone ...................... 17
Ulilities ........................ •26
olesale and r•toll trade ............... 551
•ance, •nsurance, real estate ........... ] 26 � vices .......................... 1,5}3
Hotels and other lodging places .......... 4 T
Personal services .................. 31
Miscellaneous b•siness so.ices ........ •8
Medical, other health servi ce s .......... • 38
Hospital s ...................... 32 ¥
Educational services ................ o i
EI•. and secondary schools .......... 7q 1
Colleges end universities ............ 11 O
Other so.ices .................... 1. 1. l
Gov•ment ........................ I, Pq4 I,
Federal govemm•t ................. 9 • •" •
Civilian ....................... •" 56
Military ........................ 524
State and other govemmont ............ •4
her occupotlonol groups ............... 6•
RESIDENTIAL GROUPS - TOTAL ....... 253
ban community ..................... q• 2C, '• •5
•ral community ..................... 16• 49, 82 ?
SProfossionaJ, scintilla, and controlling instnsmemts; photographic and optlcaJ
•Jncludlng war•ous•ng.
Loons to
U.S. Savings Loons to Other
Federal Other
Tolol Members
Cash Government and Loon Credit Unions
Agency Assets
ObJigations Shores Securities
S5, •68, g41. $4, 323,943 S305,4•4 $125,197 $684,835 $116,415 $51,580 $61 t536
394, 274 297, I 1. I 23,342 3 ,gab 53,521 '9, 159 576 6•519
78,&$5 68,035 2,909 681 4,094 I•0q9 97 [,538
95,614 66,967 6,186 915 16,380 2,577 130 1,457
116�554 78,026 7,550 1,786 23,051 3,456 343 2,332
•3,1.23 66,882 5,6•8 485 7,916 1,168 5 979
22,481 I•,2C'1 1,030" 128 2,080 858 ....... 214
5,21"4,8•5 3,97&,686 278,666 120,442 620,867 105,741 50,986 53,419
28,517
16,47g
1.1,444
2,34C,2q6
!]3,343
46,58A
37,606
!38�726
14,294
1931857
lSl,qC•
63,71C
5,878
88,g17
253,397
92,733
390,217
57•,4C<
264,126
2SS,q68
63,526
35,123
5q7,154
14•,964
5g,899
4•,256
51,552
71332
i•2,3•7
177,315
IC6,845
164,64R
34,87?
485,75•
4,387
1,69•
4"•,441
28,67•
27,52 •
38315•4
322,7•8
59,348
25, C;68
5C7,4a•
C82,30•
375,8•2
7'];&,442
425,1.S5
14,828
12,947
0,032
1,693.779
94,025
31,602
28,904
106,566
471322
1361130
11•,626
45,967
4,234
61,531
179,575
6C,769
276,747
443,920
215,320
212,691
40,359
22,503
472,720
102,255
47,144
40,271
4•,7&I
5,004
15q,lll
155,286
78,175
138,286
27,046
376,008
2,957
1,219
30,919
22,706
21,367
390,536
251,355
48,292
18,177
1,229,931
888,089
3•0,T33
587,356
341,841
1,866
908
679
139,175
9,753
3 ,433
2,126
8,348
5,301
12,523
8,229
4,311
557
5,442
11,488
6,919
24 ,580
29,477
12,342
15,43b
4,035
2,641
2g,800
6,519
31616
3,000
3,227
536
7,453
6,91.4
5,449
10,116
2,271
28,672
327
156
3,129
2,514
2,393
20,895
17,994
2 ,787
I 1650
65 , 152
42,414
19,0•2
23,412
22,748
325
8
6
67 ,fill
2,588
1,123
236
2,008
740
5,867
5,113
968
62
2,312
9,465
2,161
15,529
1S1282
2,667
14,603
1,152
201
10,686
21942
395
411
I,g78
2,262
2,226
2,697
4,130
786
81713
51
190
74
74
71813
5,713
2,109
585
28,00T
18,029
4,482
13,547
9,977
II,007
2,027
1,371
339,173
22,781
8,974
4,714
17,304
8,852
31,961
2612•5
10,538
945
17,855
42, 503
20,402
63, 107
41,189
20,225
16,348
12,410
g,372
6•,681
23,147
6,882
3,421
3,883
1,692
8,4R7
8,000
17,169
26,577
3,937
50,656
955
282
4,453
3,3T•
3,285
38,149
33,499
4,263
3,446
121,421
84,001
38,48q
45,512
37,419
261
389
42
43,945
3, 041
1,085
897
1,637
i, 206
4, 334
3, 133
I, 335
46
936
5,009
I, 677
6,805
II1875
6,444
5, 174
696
232
g, 970
3, 761
994
785
515
85
I, 593
I, 500
2, 237
3, 638
101
ii, 716
54
30
I, 569
331
331
9, 330
8,685
646
403
35, 679
28, 464
7,988
20, 477
7,215
21
20
30,964
497
25
1,147
520
1,549
234
25
8O
2,153
170
30e
20,126
323
19,178
4,140
3,292
753
49O
1,034
450
450
564
565
633
1,698
.....
{; 10
1,258
579
680
430
13, T92
12,695
2,7T1
9,924
11097
209
179
315
25,450
657
369
703
1,716
353
1,493
1,304
557
24
761
3,204
636
3,149
9,620
6,804
21539
T30
174
6,006
1,586
379
368
153
15
2,951
2)940
553
1,366
97
6,300
43
6
181
165
160
5,528
4,942
581
378
13,497
8,610
2,396
6t214
4,887
142 IC8 16 18
69,q12 52,146 3,426 760 10,448 1,516 18 1,598
3,378
7,070
14,143
38,903
652
864
408
352
.....
• 921
2,505
884
1,015
goods; watches and clocks.
58
TABLE 4.--LIABILITIES AND CAPITAL OF OPERATING FEDERAL CREDIT UNIONS, BY TYPE OF MEMBERSHIP, DECEMBER 31, 1966
(Amounts in thousands)
Type-of-membership
Number of
Federal
Credit
Unions
Total .............. 1|, 941
ASSOCIATIONAL GROUPS - TOTAL ..... I, t•4 £
-•ooporQtivos ....................... [ 42
:raternal crnd ptofesslonol .............. 36 R
¢ollgious ......................... 74q
.abet unions ....................... 474
)t•er pssoclatlonal groups .............. 1 [ 5
OCCUPATIONAL GROUPS - TOTAL ..... 9, 840
kgrlculture ........................ 39
Ainlng ........................... 60
-entreat construction .................. 3•
Aonufacturlng ...................... 4, 573
Food end kindred products ............ 470
Textile mill prod. and oppQrel .......... 204
Lumber •dwood products ............. •. 78
Paper and allled products ............. 3;) 5
Ptlntlng and publishing .............. 250
Chemlaols end allied products .......... -•62
Rubber and plastics products .......... [ 3 [
Leather and leather products ........... 53
Stone, clay, and glass products ......... 239
Primary metal industries .............. 378
Fabricated metal products ............. 3q 3
Machinery, incl. electrical ............ 772
Transportation equipment ............. "549
Motor vehicles and oqulpment ......... 239
Aircraft end parts ................. •6
[n strument s •
...................... 84
Other manufacturing ................ [ 2C
Transportation, communication, and utilitle•... [, C58
Railroad transportation ............... 28 l
Bus transportation .................. [ 52
Motor freight transportation" . .......... i'28
Air transportation .................. 3
Other transportation ................. 2
Communications ................... 2./38
Telephone ...................... l 73
Utilities ........................ 226
Wholesale and refall trade ............... 55 |
Finance, insurance, real estate ........... [26
Services .......................... I,S13
Hotels and olher lodging places ......... 47
Personal services .................. ] |
Miscellaneous business services ........ 68
Medlcal, olher health services .......... •38
Hospitals ...................... •27
Educational services ................ c) | 8
Eiem. end secondary schools .......... 7q l
Colleges end unlversitles ............ 1 i q
Other services .................... ]. [ 1
Government ........................ [1 084
Federal government ................. 9F•
Civilian ........................ 656
Military ........................ i 324
State and other government ............ q•,
Other occupationa• groups ............... 6
RESIDENTIAL GROUPS - TOTAL ....... 253
Urban community ..................... 8 •"
Rural community ..................... 1. 6 •3
'Reserve for contingencies and special reserve for Iosles.
•8efore payment of year*end dividend.
Notes Total
P•able
$5,66•,941 $115,788
3q4,224 I[,477
78,453 4,147
93,614 778
116,554 1,698
83,123 3,375
22,481 1,479
5,234,805 103,042
28,517 43
16,479 576
[[,444 279
•,340,2q6 42,746
133,343 1,553
46,586 483
37,6q6 764
138,726 2,419
64,294 392
i83,857 2,316
tSl,'l;].t [•t/9
63,700 TO0
5,878 169
88,917 i,II8
253,3q7 3,621
92,733 1,093
393,217 7,989
574,49n 17,424
264,126 14,012
285,q68 3,240
63,526 910
35,123 617
5q7,154 15,422
140,964 1,605
59,899 1,401
4•,256 1,484
51,552 1,153
7,332 88
182,327 8,520
177,315 8,50g
|C6,845 [,ITC
184,648 1,928
34,872 201
483,T63 8,860
4,387 65
1,683 34
43,441 252
28,67C 438
27,620 435
383,S•4 7,628
322,768 7,015
Sq,348 613
25,•68 446
1,5C714•9 32,980
1,082,303 24,122
375,862 6,963
7•36,44• [7,159
425,185 8,858
[42 7
6q,912 1,268
20,085 466
49,827 8C2
'P'rofesslonol, scientific, end controlling instn•m•ts; photographic and optical goods; watches and clocks.
•lna]udlng warehousing.
Accounts
Payable and Other
Liabilities
$34,092
2,105
227
206
1,028
537
I07
3t ,788
47
50
q5
12 ,787
523
164
146
469
221
924
421
833
55
359
826
360
2,350
4,687
2 ,3qT
2 )209
556
192
3,811
438
219
510
304
1 ,743
[ ,692
588
2,066
129
2 , T34
[I
8
276
i3t
t3l
2,0T8
I •793
278
230
10,020
8,447
999
7,448
1,573
49
[<)q
39
160
Shares Regular Reserve
Special Reserve For
Delinquent Loons
Other
Reserves =
FCU/'66
Undivided
Earnings =
$4,944,033 $312,125 $4,909 $2[,844 $236,150
342,S50 20,348 1,084 i, I01 15,259
67,341 3,707 191 278 2,562
82,547 8,996 161 198 3,727
102,414 5,872 455 347 4,740
71,718 3,770 250 169 3,304
18,831 1,0•2 26 109 926
4,539,579 288,066 3,746 20,576 218,007
2,188
922
606
133,374
25
98
3
10,421
24,q25
13,q92
9,963
2,038,C76
l
8
2
2,439
116,265 7,891
40 ,896 2,589
32,872 1,886
[ 1 g ,n67 8,679
56 , 333 3,894
168 ,949 •2, 827
135 ,03[ 12, 229
55,974 3,606
5,033 275
77,694 5,436
15,814
5,299
20,371
27,770
11,864
14,818
3,400
1,909
36,988
8,851
4,103
2,277
2,625
818
[[,403
11,145
7,210
9,924
2,132
23,961
211
99
1,920
89g
863
19,4q0
17,013
2,425
1,344
7T•qTO
81,781
20,929
30,853
26,189
85 476
tO 154
57 108
81 1,046
40 219
43 893
18 409
103 185
9 14
51 293
475
98
530
809
787
20
3
25
887
344
1, 538
3,597
1,617
1,964
130
127
3,037
918
402
257
165
4
[,024
1,021
269
793
94
1,068
.....
2" 52
47
39
935
757
178
33
5, 036
3, 704
1,052
2,652
1,333
220 , ].96
81,416
341,149
499,640
223 ,449
254,335
56 ,203
30,557
508 ,823
122,120
50,851
41 ,393
45,335
6,390
150,089
145,653
92,645
[61 ,595
30 ,R8q
427,654
3 ,897
I ,462
36 ,569
26,050
25,083
337,714
282 ,763
53,676
21.,q61
,323,58T
956 , 141
330 ,923
628,218
367 ,446
280
137
82 24
S
19
lO
144
8
228
4
t
5
36
36
174
136
38
7
636
331
223
108
305
1,289
831
496
i00,453
6,550
2,290
1,773
6,965
3,194
8,405
7,816
2,600
324
3,g65
1[,57T
4,122
16,291
20,561
10,001
9,382
2,324
[,696
28,795
6,895
2,841
2,3U
[,964
323
9,506
9,276
4,953
8,196
1,420
19,259
200
88
1,369
1,072
1,033
15,483
13,293
2,140
1,04T
57•260
37,77T
14,773
23,004
19,488
74 2 2 8
61,603 3,711 80 167 2,884
[7,769 933 16 57 804
43,834 2,778 63 110 2,080
59
TABLE 5.--GROSS AND NET INCOME, AND UNDIVIDED EARNINGS OF OPERATING FEDERAL CREDIT UNIONS, BY REGION AND STATE, 1966
(Amounts in thousands)
Region and State
Number of
T•t=l
$456,255
29,531
14,888
4,914 8,098
1,295 266
70
Gross Income
Income Interest
From on Loans'
Investments
$406,553 $46,347
24,193
11,702 4,335
6,789 1,119
194
54
Federa|
Credit
Unions
Total ...... ..... 11,941
New England .................... 873
Connecticut ................... 316
Maine ....................... 152
Massachu=o.= ................. 335
New Harnpshiro .................. 34
Rhode Island .................. 34
Vermont ..................... 2
Mideast ........................ 3,123
Delaware ..................... 66
Distri ct of Colurnbla ............. [ 72
Maryland ..................... 175
New Jersey ................... 493
New York ..................... 11029
Pennsylvania .................. 1 , 188
5,035
:•, C67
553
1,203 13O
68
15
13,406
I19
1,558 501
2,631 4,126
4,471
101,026
1,893
17,609 6,942
12,905
31,i01 30,575
86,767
1,761
15,804
6,416
10,222 26,630
25,933
Other
$3,356
Net
Income
$283,414
302 18,345
I19 9,495
26 2,896
105 4,898
46 840
4 175
2 41
853 62,849
12 1,192
248 I0,35•
25 4,152
52 8,053
345 20,184
170 18,9C9
Undivided
Eornlngs 2
$236,150
16,813
8,738
2,862 4,267
739
154
54
54,345
924
6,541
2,676
7,067
16,472
20,666
Southeast ...................... i 2,103
Alabama ..................... 208
Arkansas ..................... 73
Florida ...................... 295
Georgia ..................... 224
Kentucky ..................... 101
Louisiana ................... 354
Mississippi ................... 136
North Carolina ................. (57
South Carolina ................. 97
Tennessee .................... 190
Virginia ..................... 208
West Virginia .................. 150
Great Lakes ..................... 1,892
Illlnoi= ...................... 388
Indiana ...................... 461
Michigan ..................... 379
Ohio ...................... 661
Wisconsin .................. 3
Plains ........................ 408
Iowa ..................... 6
Kansas ...................... 74
Minnesota • ................... 54
Missouri ..................... •0
Nebraska ..................... F 8
North Dakota .................. 33
South Dakota .................. ]. 03
Rocky Mountain .................. 4 E' 2
Colorado ..................... 160
Idaho ....................... 60
Montana ................... 105
Utah ........................ ! 98
Wyoming .................... 59
Southwest ...................... I , 176
Arizona ...................... 103
New Mexico ................... 68
Oklahoma .................... 13 ]
Texas ....................... @ 74
F• West ...................... 1,832
Alaska .......... ............ 36
California ..................... 1,185 Hawaii ......................
Nevada ......................
Oregon ......................
Washington .................
Other areas .....................
Canal Zone ...................
Gum'n .......................
Puerto Rico ...................
Virgin Islands ................
167
68
201
175
57
7
3
39
XNet of interest refunds to borrowers. 'Before I•me•t
67,182
6,442 1,603
14,776 7,899 1,908 8,873
3,055 2,182 3,158
8,119 6)959
3,CIO
79,367
7,075 16,494
33,671 22,068
61
12,957
361
4,107 995
1,386
3,449
713
1,944
15,471
6,963 2,16! 2,411
2,508
1,427
46,299
6,935
3,449
4,707 31,208
102,832
2,540 72,564
10,170 3,883
6,427 8,047
1,591
455
141
97
24
ofyoar-enddi%idond.
61,005
5,942 1,520
13,624 6,446
1,774
7,708
2,845 2,016
3,003
7,097 6,286 2,746
70,205
6,079 13,654 31,22•
19,187
58
11,502
284
3,739 909
1,17b
2,q90
653
1,7•I
14,312
6,402
2,030 2,235 2,369 1,275
42,901
6,569 3,037
4,463
28,832
94,229
2,364 67,295
8,200
2,940
5,975 7,455
1,439
353
138
q24
23
5,580
466
77
873
541
127
1,122 200
132
146
989
654
254
8,780
976
2,754
2,249
2,799
2
1,343
76
332
83
203
4•7
42
171
I,GgO
5L5
97
169
133
146
3,145
307
403
220
2,215
7,835
156
4,739 1,826
116
430
568
133
101
3
28
597
34
6
280
112
7
42
I0
34
I0
33
18
i0
383
20
86
194
82
1
III
I
36
4
7
23
18
22
69
16
33
7
6
7
253
59
9
24
161
768
20
530
144
27
23
25
20
1
18
42,698
4,031 965
9,188
4,619
1,096 5,760
1,831 1,371 1,989
5,498
4,364
1,934
47,473
4,378
IC,796
18,613 13,652
34
B,043
213
2,539
577
886
2,170 432
1,227
9,471
4,335 1,286
1,365 1,580
9C6
29,183
4,129
2,287
2,9C2
19,864
64,4CI
1,666
45,332
7,031 1,699
3,841 4,831
951
275
79
589
9
37,639
3,940
7q6
7,066
4,155 873
6,201 1,624
1,053 1,672
4,841 3,534
1,885
39,083
3,610 8,924
15,323 11,199
27
6,563
148
2,126 425
722
1,753 306
1,083
7,720
3,403
994
1,248 1,359
717
25,769
2,585
1,797
2,5?5 18,861
47,372
1,033 32,302
5,868
1,211 3,411
3,548
846
316
41
485
3
6O
TABLE 6.--EXPENSES OF OPERATING FEDERAL CREDIT UNIONS, BY REGION AND STATE, 1966
(Amours •n th•$onds)
FCU/'66
TotoE ........... •il 7/, ; 4 •.
New Engl•d ................... 1!,l ":
Cona*cficut ..................
Moino ......................
MassQchusett= ..........
N•w tl•p=hffe,. Rhod= Island...
Ar•msas ..................
FIorlda ...................
O•rgla ..................
K•cky ..................
Louisi=a ....................
North Carolin• .........
South Caroline ................
T•nosieo ....... � ...........
Vlrg;a•o ....................
West Virginia .................
Gl•tLakes ................. :..
Illlnois ....................
Indloa• .....................
M•d•gan ....................
Wisconsin ..................
K•sas ............
Missou,• ...................
South Dakota ................
Rocky Mountain .............
Colomda ...................
M•t•o ...................
Wyoming ...................
Na* Mexico. l, 1 •.2 Okl=homo .................... I, ,•0 "•
Texas .......................
For We=t .......................
AIo*ka ......................
ColiIom•o..
Hawali ...................... 3,i3:, Nevada .... L � 3•.4
Oregon ...................... 2,5 b 7
Washington ...........
Othor a,•s ...................
C•al Zone ................... I •,l•
Puerto R•¢o.
Vi,gl. IIl•d, ......
NOTE: Fo• I•,cen•og• d•t,•b•t•oa of total expenses, s• T•b•o 31
Total
Salaries
•,176
Borrowers' Life
Proteclion Savings League Dues Insur=ce Ins•rence
13 l• 3
•,3• •,Shl 1,079
qt •,) 2?
77v •r,6 37
•4o 2•1 84
b?u •'• 195
l,Pd• i,CP? 27•
1,717 1,2c• 404
3,6%3 k,77S •47
3•7 2• 70
, IOL ?9 )4
77• • I0 I I0
gd I•I 45
$24 ?•9 1o?
tct• II• 4•
4'.0 •7• 70
3';3 I•2 Ba
It;• 122 54
4,4h• •,•74 1,227
417 723 BC
;,n7c 1,5;7 6<•6
1,17e 7:.• 245
2• IA tO
24c 221 56
•9 59 15
[49 I17 54
37 76 6
q9 78 53
gll /2• 276
3S• •I 64
I 1 s ",•
"14", •17 3i 7u ,3a 16
2•413 l,gSJ 5n7
Jg7 247 9S
1•,6 t,a Ig
77Z 14• 72
1,6Id i,CS2 3•0
4,qf,O 3,1"1• 879
')O S4 3
3•37• e,143 607
sl., 325 •0
•61 P•H •6
7,, q7 5
/J 12 !
hl 21•
L .............
Surety Bond
Pr•iums
$2,1C?
2•
4C•)
17•
•r
IC
54
2 a
14
50
17
IC
34
;I
lq
35F
120
?I
7
21
v
3?
21P
•3
•g•
•g•
5O
q
l
Examination
•d Intereston Costal
Borrowed Space Educational Other
•pervision Expenses Expenses Fees Money Occupied
$5,2g? $5,2•4 $J,291 $3,312 $37,6•3
386 1•5 231 204 2•290
17R 7� 92 g3 1,08l •7 •2 • 47 376
130 4+) bE 41 718 14 5 12 22 89
5 l 4 I 22 ! ..................... 6
1,283 l,Od3 745 647 8,450
25 32 27 lb 14q 138 lq7 gl 13B 1,6•9
77 110 33 71 649 lq5 v7 76 8l 1,073 410 273 259 16b 2,389 •7 36) 259 176 2,542
778 612 283 412 5,291
•2 42 •2 40 540 •3 25 9 7 tO0
147 12• •t 106 1,358 8• 59 16 25 683 ?7 S9 17 13 162
1•3 $5 25 28 5•4 36 36 18 35 259 '• Z9 q 13 lbB 35 •1 7 17 256 •�9 5• 2q 49 516 qO '•1 23 63 492 •'• 23 17 18 224
865 t,057 913 824 7,19•
lot o• 42 53 538 tH5 Io• q3 13• 1,13g 314 710 574 448 3,390 264 120 203 [B5 2,123
I t 1 I 5
171 147 7a •2R 994
5 .... 1 l 32 45
"'"
70 20 58 314 !b t0 tO l0 69 19 7 6 IZ 97 44 2• 25 23 309 II 20 5 7 47 30 17 12 17 126
I•3 1•3 I16 130 1,207
7• 67 40 67 553 7• 35 21 18 15• •7 2d 35 23 220 33 44 g 14 LBI 20 9 12 7 gS
534 511 282 307 3,44g
55 80 67 74 670 38 Oo 14 12 222 •O 45 •4 .•3 347
3•2 •26 ib7 18• Z,210
1,020 1,443 6•5 655 8,687
23 54 • 12 182 b75 9db 409 460 61259 115 40 4R 29 660
33 136 26 l• 313 86 113 84 54 540 88 IL• 60 82 733
22 lo 7 4 121
7
13 14 • 3 81 1 ....... l ....... 3
61
TABLE L-GROSS AND NET INCOME, AND UNDIVIDED EARNINGS OF OPERATING FEDERAL CREDIT UNIONS, BY TYPE OF MEMBERSHIP, 1966
(Amounts in thousands)
Type-of-membership
Total ............. ,
ASSOCIATIONAL GROUPS - TOTAL .....
.%operatives .......................
Fraternal and professional ..............
Religious .........................
.. obor unions .......................
•)¢ner associationaJ groups ..............
OCCUPATIONAL GROUPS - TOTAL .....
A•ri•ulture ........................
•Hnlng ...........................
Contract construction ..................
Manufacturing ......................
Food 0nd klndred products ............
Textile mill p•d. oncl apparel ....... -.. ,
L•mJ•r and wood products ............
Popor and allied products .............
Printing and publishing ..............
Chemlcals and allied products ...........
Petroleum refining ..................
Rubber and plastics products ..........
Leather and leather products ...........
Stone, clay, and glass products ........
Primary metal industries ..............
Fabricated metal products .............
Machinery, incl. electrical .............
Transportation equipment ..............
Motor vehicles and equipment .........
Aircraft and parts .................
In strumente• s. ....................
Other manufacturing ................
Transportation, communication, and utilities..
Railroad transportation ...............
Bus transportation ..................
Motor freight transportation 4
............
Air transportation ..................
Other transportation .................
Communications ...................
Telephone ......................
Utilities ........................
Wholesale and retail trade ................
Finance, insurance, real estate ...........
Services ...........................
Hotels and other lodging places .........
Personal services ...................
Miscellaneous business services .......
Medical, other health services .........
Hospitals ......................
Educational services ................
Elem. and Hcandary schools ...........
Colleges and universities ............
Other services •
...................
Government ....................... .
Federal govemmant ..................
Civilidn ............ ...........
Military .........................
State and other govemmant ............ .
Other occupational geoups ...............
RESIDENTIAL GROUPS - TOTAL .......
Ur• community .............. . ......
Rural community .....................
NUmber of
Federal
Credit
Unions,.
!.1,941
I, 848
142
368
749
474
115
9, 840
39
60
30
4, 573
470
204
178
305
250
362
285
131
53
239
378
393
772
349
230
86
84
120
1,058
281
152
128
38
25
208
173
226
551
126
I) 513
47
31
68
338
327
918
791
119
III
I, 884
980
656
324
904
253
85
168
1Net of interest refunds to burrowers.
=Befc.,e paymant of year-end dividend.
Total
$456,255
31,g16
6,401
7,048
9,163
7,173
2,151
418,635
1,848
1,417
865
182,09C
10,449
3,682
3,251
11,278
5,072
14,617
II,866
5,1C2
499
6,723
20,286
7,144
29,498
45,378
22,746
20,859
4,616
2,629
49,524
Ii,929
5,207
4,225
3,920
513
15,679
15,279
8,051
14,978
2,493
38,107
368
137
2,906
2,354
2,264
30,358
25,541
4,713
1,8q3
127,300
911487
301812
60,675
35,813
12
5,704
1,630
4,C74
Gross Income
Interest
on Loon s x
$406,553
28,222
6,088
5,977
7,724
6,686
1,746
373,272
1,230
1,298
784
158,423
9,037
3,164
21977
I0,225
4,491
12,388
10,165
4,471
445
5,688
17,471.
51947
25,415
40,73I
21,346
17,942
3,667
2,140
45,109
10,439
4,806
3,967
3,473
429
15,047
141676
6,948
13,359
2,234
34,160 316
123
2,674
2,159
2,074
27,246
22,868
4,295
1,642
116,664
83,556
27,943
55,613
33,1.08
11
5,059
1,406
3,653
Income From
Investments
$46,347
B ,173
275
967
I ,347 440
143
429574
587
109
77
22,465 I ,344
483
248
974
550
2,163
I ,650
600
47
1,014
2,749
I ,162
3,901
4,185
I ,277
2 ,588
927
469
3,985
11368 388
232
267
83
576
549
I ,071
1,545 247
3,691 49
14
317
175
172
2,899 2 ,497
382
237
9,867
7,396
2,705
4,691
2 ,471
600
207
394
Other
$3,356
521
38
I03
71
47
261
2,789
31
I0
5
1,202 68
35
26
79
31
67
51
30
7
21
67
34
182
462
123
329
22
20
430
122
12
25
181
I
56
54
32
74
12
257
4
6
20
19
213
177
36
14
769
535
164
371
234
46
18
28
Net
Income
$283',414
18,001
3,631
4,310
5,178
3,866
1,015
262,083
1,348
822
568
I15,425
6,620
2,298
1,857
7,095
3,174
9,818
7,905
3,263 275
4)472
12,986
4,368
18,519
28,194
12,639
14,373
2,958
1,623
30,242
7,023
3,018
2,547
2,574
364
9,240
8,990
5,476
9,476
1,803
24,363
198
76
2,089
1,300
1,252
19,542
16,422
3,061
1,158
78,028
55,755
18,839
36,916
22,273
3,331
900
2,430
Undivided
Earnings •
$236, 150
15,259
2, 562
3, 727
41 740
3,304
926
218,007
I, 289
831
496
I00,453
6,550
2, 290
I, 773
6,965
3, 194
8, 40 5
7,816
2,600 324
3,965
ll, 577
41 122
16,291
20, 561
I0, O0 1
9,382
2,324
11696
281 795
6,895
2,841
2, 311
I1 964
323
9,506
9,276
4,953
8) 196
I, 420
19,259
200
88
I,) 369
I,072
1,033
15, 483
13, 293
2, 140
1,047
57, 260
37, 777
14, 773
23, 004
191 483
8
2, 884
804
2,080
•Professional, scientific, and controlling insttu•nants; i•otogra•ic and optical goods; watches and clocks.
4Including warehousing.
62
TABLE 8.-EXPENSES OF OPERATING FEDERAL CREDIT UNIONS, BY TYPE OF MEMBERSHIP, 1966
(Amours ;n thousands)
FCU/'66
I
Type•|•embership Total
Total ............. $172.841
ASSOCIATIONAL GROUPS - TOTAL .... 13.9l S
op•atives ...................... 2, 77•
atemal •d p•fe$1i0nol ............. 2, 7•8
llg;•s ........................ 3, g64
ber units ...................... 3, 3O7
";or •=$o¢iat;•al groups ............. 1 � 135
OCCUPATIONAL GROUPS - TOTAL .... 1561552
Agr;•Dure ....................... S0G
•;ng ..................... 595
ntrac• ¢•strud• .................. 297
nu focturlng ..................... 66,665
Food •d k;ndred pro•cts ........... 3, 03C
Texlile mill prod. •d apparel .......... 1,383
Lumber mdwoo• products ............ 1, 394
Paper •d oll;od products ............ 4, 1 • 3
Pelntlng •d publishing .............. It 898
C•cels •d allied pro<lucks .......... 4, Tg•
P•trol•m refining .................. 0.96•'
Rubboe •d plastics pmduc•s .......... f, R 39
L*• md l•d•et presets ........... 224
St•o, cley, oncl glass products ......... 2, •51
P•imo=7 motol ;ndusttles .............. 7, 3O0
Fo•r;c•l mot•l I•odacts ............. 2, 77b
Mo•inorf, ;ncl. alo•ltlc=l ............ 10, g7•
Motor veh;cles •d e•pm• ......... lt•, 137
Aircraft •d ports ................. •, 48•
Instnum•t $ s
...................... • 6 SEJ
Ot,• m•ufocturlng ................ 1, •0•
•$•ort•tJo•, communi¢ofi•, •¢1 uti[;t;o$.,. 1•. 292
R•iltoad t,•sp•rtation ............... •,, 906
Bus l•nsportati• .................. 2 t t Oq
Rotor fre[•t tr•spo,totion •
........... 1,678
Air Iron. sportati• .................. I 1. 346
Ot•r t•$pod•lJon .................. 149
Communications ......... •, •3q
e •e ............ 6, 2R9 u•.',• b, .......
:::::::::: 2,•T•
lolosele and •=ta•l •ra4= ............... 5, 5C2
;n•¢=, Insut•c•. r•l estato .... 6qC
,rvlc.s .......................... 13, 7 •,•,
Hot•I= •d o•be, Iodg•n• plot,s ......... 171
Per•nal services .................. 6 I
M•scell•s b•s•n•ss s•,v•ces ........ 907
Medical, odler health sorv•cos .......... l, 054
Hosp;lal� ...................... l, C 12
Educati•al services ................ I C � R I •
El•m. and sec•do• sch•ls .......... •, 120
Coll.g.s and un•ver*;tl=• ........... 1, 652
O•er te•ices .................... 735
•mm• ....................... 4•, 272
Federal govamm•t ................ 35* 732
Civil;an ...................... 111C73
Militor• ........................ Z3* 75•
Star. and other govemm•t ........... I •, 569
lh• occupati•al group: ...............
RESIDENTIAL GROUPS - TOTAL ....... 2, 374
•b• commun;• ..................... 729
:ucal commua•t• ..................... 11644
Borrowe•' Life Examination Interest
Co• of Total Pro.eolian Savings Leo•e Dues S•rety Bond •d on
Space E•c•ional Other
Salaries Instance Insur•ce
Premiums •p•vision Bor•owed Occupied
E•enses Expenses Fees Manor
$70,6l • $23,875 $16,368 $5,103 $2,102 $5,252 $512• $3¢291 $3•312 $37•683
4.972 1•85• 1,551 501 Ig• 473 548 576 326 2.g20
•$8 381 282 98 28 7• tg6 gl 76 587
927 417 320 108 41 I00 •5 138 76 566
1.44• 5•3 661 156 68 153 83 189 111 801
1.183 427 369 113 46 121 166 113 42 T28
4•3 125 119 27 11 25 61 64 23 239
6•,736 211682 16,563 4,519 1,877 4,699 6,630 2•619 2,930 36,299
167 g5 62 Ig 13 26 • 16 2 98
230 R7 61 26 I0 20 29 22 7 103
llb 37 25 7 4 lO T 6 13 73
26,240 9,735 6.310 2,I•6 853 2tlO• 1, g24 1,322 1,228 1•,796
1.52• 533 370 16.5 66 153 73 33 59 85•
554 201 152 5"1 28 54 18 13 21 291
5tl 188 133 57 21 •q 50 35 24 307
1,525 731 444 121 6• 135 llO 67 78 912
816 277 220 70 34 79 22 30 27 32•
lt89b 799 405 161 76 17g 139 B2 76 987
1.752 636 292 10g 66 153 60 77 6T 768
6Bl 30• 217 60 24 58 3• 38 36 383
93 30 25 q 5 10 g 2 3 38
862 •8 166 77 38 R8 48 35 35 475
2,605 1,267 8•2 231 87 217 156 124 135 1,637
1.12R 3qq 310 log 52 118 48 28 •4 543
4,358 1,667 l,oq6 356 15l 376 363 226 199 21387
6,00• 2,161 11615 •6 110 337 73g 682 408 6,25%
3,•66 1.3R5 lt031 400 70 203 603 368 261 2•330
3.056 688 357 78 33 117 127 132 1•2 1,756
71• IgO 138 38 19 54 31 41 25 409
41C 11g 135 38 18 4• 23 11 It 226
7,4•7 2,725 1,857 578 237 570 7•2 432 382 4,261
1,863 806 676 183 66 147 66 g7 69 g3•
8IT 360 265 75 3• 67 58 38 43 636
635 247 178 46 22 53 74 39 27 357
592 179 ql 26 9 36 66 17 29 326
48 30 15 B 4 8 3 2 2 28
2,684 601 602 163 58 15• •61 206 175 1,68T
2,423 668 385 137 54 147 440 203 173 1,659
1.059 413 231 9B 47 104 55 34 30 696
2,421 674 •56 159 88 205 100 q2 88 1,221
259 126 37 33 18 Al 14 7 7 168
5,630 1.801 1.4,30 420 199 47q 442 327 248 2,T93
nZ 17 17 7 3 q 4 ....... Z 30
22 7 8 3 2 4 2 ............. 13
394 110 •T 22 14 36 14 2g 11 229
45q 134 13l 45 22 54 23 4 14 170
44.: 128 126 42 21 52 22 4 13 164
4,360 1,418 1,126 316 145 346 386 272 214 2,225
•,617 1,195 g75 266 123 2BR 355 258 181 [1862
731 217 146 48 2l 56 30 14 33 356
•8 116 7l 26 13 31 14 21 7 126
22,162 6,400 4*357 1,191 4•5 1,244 1,368 3q5 954 I0,805
161748 4,240 2,862 753 2q5 846 q29 215 742 8,103
5,5q1 1.6•3 1,136 341 152 366 336 47 16g 2.1•4
11.157 21547 l.T•6 612 I•3 •80 593 168 573 5.g60
5,41• 2,160 t,•gs 379 160 39q 660 181 213 2,T02
I ............................. 1 ....... 1 ....... l
q05 33q 254 83 31 7q 66 9T 56 463
2•q q3 8• 30 8 23 22 43 23 136
637 247 170 53 23 56 46 55 33 327
'Prolessi•oh s¢i•li•ic, and conlrolllng ;nltmmmtl; pbotogrophlc •d optical •oo•; wcrl•el •d �locke.
;Includ;ng w•roh•.;ng.
NOTE• Far p•rce•tag• dlstrlbu•io, of •atol oxp=•sos, s•e Table 32
63
TABLE g.--DIVIDENDS AND INTEREST REFUND PAID. BY REBN]N AND STATE. JUNE 30. AND DECEMBER 31. 1966
(;,mo•,s ;• thousands)
Dividends and Interest Refund ,,um•r
ol Region and Slole
Fedetor
Credll
Unions
Total ........... •, ')41
le. Engt•d .................... •- ;
............................... 7. Ne• H•p ,2•ir. .................
Rhodo l•land .................. "
•;dea•t ......................... ,,173
Delaware ..................... , t
Disttlct of Columbia ............. t 7 ?
Ma,Tl•d ..................... I 7 ,,
4'JX Ne• J*, =,y ...................
New Yatk ..................... • i,Oig
P•n =ylv=ia .................. 1 � • I R
cu,•eo=T ...................... • ;', 1 r
A}Qboma ..................... ,:( ,,
Florida ....................... ' '+•
O•,gia ..... 21',
Kentucky ..................... • 1• l
Lauislono .................... 3 'J.
North Carotino ................. d l
Sou,h Ca,o. ..............
iiiii •i( Virginia .....................
2r '}
•,.a, Lako• ..................... i I, • q3
Ill;hall ..................... ,•
Indiana ...................... •* •, I
Michigan .................... 37 )
1
W•con•in ....................
K•as ...................... 74
N•braska .....................
•u• Dakota ................. ! •
•ocky Maunla•n ................. ,• •-
Colorado .................... 1 •.G
Montana .................... I r,
Umh ........................ q•
Wyoming .................... • "%
AH=•a ..................... 1 C'
N.. M•l•co., t ,,
OkJc•,omo ................... I • 1
Texas. • 7 ,,
F• W*t• ...................... I,•.32
AJa•ka ....................... : 6
Cohfom,a... [ ) ] •
Howall ..................... l • 7
Nevada ..................... ¢rd
0,,,•o. ...................... ? C, 1
Wathiagton .................. 175
3P•, ar•as .................... ), '. 2.
Gu• ....................... 3
Dividends Paid or Payable
June 30, 1966
Numbe• Paying 1 Amount
I77 ] I,•7
II 2•z
• 9-,
�'1,8 II,73H
? !!'•
4,•: 3,eft
•') ,w. l
I7> 1,234
15q 2.•7
p77 -.. LYu
5•
73 l,•r)l
z.O a•l
20 I •u
7 ?d
•O !o(.
7 2•4
•o 7[q
3h 4•,9
•7 9,263
f2 72•
2•1 3,061
7 3
IU7 I ) ,s"•6
2
2q 175
o 1•4
147 t,•7o
% !.1,l
, 143
2? ?t9
•y -,o
lp4
1o,, 4,776
z.1 1,259
1 o 40u
634 1&,355
14 Bq•
AC") 1 t ,n6•.
23 4F•
15 2•
6• 6•4
IO r, 1,477
:) 19
58
Dec. 31, 1966 Total Dividend:
on 1966
Number Paying Amounl Shares
I ;,•,;. $1fq,Og5 $28G,',. • ,
7,•1 I !, 97 "• 1 •, 7:.O
='..} e,ba4 7,2!o
I,,u / ,t•;. 2,lL'3
2 27 Y7
I,,; 1,•e.') 2,9c; •
462 •.,7,2 •-,o16
',•P 11,3%• 1S,IqT'
i .C.•, I 1,070 I •,6•*7
1,7, 3 , , ,011 31,3',7
1;.1 2,•67 q. OC:•
� ,' 523 o•t
_ • 2. •.z. "• 3,4!C
3C'. 3,•1 4,�23
I !77 I, 327 1,4'j•
t.S 7•7 9•_'.
71 !,112 1,3c1
1 7• J,3•4 4.1C?
1. 2 .... •,1.
I L'2 1,252 1,3•v
<•7 9,57 • 3,3C•
•11 5,')4• 7.qZ 7
21 •4
S 121 |•o
71 1,3qb 1,9CI
'.• 334 42r
#,S 49• 65 •,
1,251 ! ,6155
•0 232 3l,*
; t •,T,Y OCO
a,,q 4,qqt •,S•q
"+• 813 9•6
r,4 ()lk l,lC+• -'7 4£1; 6h e
�
I,C:O •7,62•" 21,9C I.
,+• 11712 2,971
%7 I ,]&47 1.7[•
1ZJ l,•n 2., 14;
7L1 12,9ni I• ,02•-
34 66• 1,0117
l,LcP i• ,'12• J•,aC c,
164 a,9o2 5,472
t,n d74 I, i •7
t1>7 2,120 2,774
170 2_,073 3,5fO
4) 5qO b/l
� 201 2C1
3• BSP 410
t 4
June 30. 1966
Number Paying Amounl
tq9 $1,Oqo
15 3U
b 19
2
6 6
.....
5 .......
•3 350
! .......
? I?u
GO
! 22
• 171
15 7•
1
.....
V ....
7;
1 ;
2 13
47 32_V
I .......
80
19 151
2l g2
2•
.....
i .....
1";
.....
i .....
17
16 34
4 5
1• 102
3 57
I 1
• 17
• 27
25 14S
I• 13b
I I
I 2_
Interest Refund
Dec. 31, 1966
Number Paying Amoun•
2,406 517,309
346 2_,287
164 1,321
5O 397
120 482
B El
3 �
1 3
69l 3,017
14 •0
18 731
10 63
5• 192
172 •55
3q£ 1,s96
268 l,g31
1• 123
24
61 6O2
14 78
13 63
•0 297
f• 159
3 12
9 48
1• 148
•8 232
?q 144
527 5,746
2• 62
112 b3q
253 4,3O8
12q 738
IO8 438
15
?• 177
3 13
17 9S
12 25
)q 70
145 560
46 25B
1• 54
34 70
•1 117
.20 65
214 2,001
IP 729
7 35
3• 274
15& 1,463
191 1,322
22
£4 b12
43 277
7 55
16 53
3H 301
1 a
1 fl
Toml
Intems)
Refund, 1966
$1B,405
2,317
I,341
4OO
488
81
5
3
3,387
81
351
93
199
877
1.767
2,005
123
24
627
78
64
322
159
12
48
156
245
144
6,075
62
72_5
4,&5•
8•0
466
15
189
43
13
107
25
?B
594
267
54
79
12B
71
2,103
2B&
36
290
t.4gl
t,470
22
745
289
56
55
303
8
64
TABLE 10.•DIVIDENDS AND INTEREST REFUND PAID, BY TYPE OF MEMBERSHIP, JUNE 30, AND DECEMBER 31, 1966
(Amoo.ts in th•sands)
Type-of• ernbershlp
Number o1
Federal
Credit
Unloas
Total ..............
ASSOCIATIONAL GROUPS - TOTAL .....
•p•at•ves .......................
ratamaJ •d professlonol ..............
•t;g•s .........................
ther associative[ g•ups ..............
OCCUPATIONAL GROUPS - TOTAL .....
H•lture ........................
inlng ...........................
n.oct ¢•ltmct• ..................
•ufQc•uf;ag ......................
F•d •d kindred products ............
To.lie m•ll p•d. md •pperel ..........
Lumber •dw•d p•ducts .............
Pap.ar.•d allied pmch•cts .............
Printing •d pubHshlng ..............
Ch•ical* •d allled products ..........
Petrol•m relining ..................
Rubber •d pJo*ticl products ..........
L•th• •d I•ther p•duds ...........
Stone, clay. •d gla•s prodact* f ........
Prlma,'y metal industrles ..............
Fa•eicat• metal p•oductl .............
Machi.•-/. •ncL electrical ............
Me,or •icles •d oqulpm•t .........
Aircraft and p•rt$ .................
Inst•m•ts • ......................
Other manufoctu6ng ................
'r•spoctotlon, communlca•ion, •d utilities...
Rallied tr•spartadon ...............
Bus ttan sporlatlon ..................
Motor ffaE•ht .•spor•=tion' ...........
Air tr•sport allen ..................
OTher t ran spoHallon .................
Communications ...................
Telephone .......................
Ufilitles ........................
•holesale and retail Irade ...............
:in.ca. ;.s•rance, real eslale ...........
ll,q61
l, 868
142
363
769
474
115
q, 84C"
39
6C
4, 573
47C:
178
3•5
25C
3•
t3t
5•
73�
378
•q3
77•
3•q
•6
I,C58
2qi
152
•5
20•
t26
•o•;ces .......................... l. 513
Hote$$ •d olher lodging places ......... • 7
Po,so.ol se,•ces .................. 3 l
M•.cell•us bu.i•ess ,e,•ces ........ •8
Med•col, other health se,v;ces .......... •
Educa,;o.al serv•co• ................ • l•
El•. and sec•dar• schoal• .......... 7") l
Collage, and •ni•er,•ties ............ t lq
Other s.•ces ................... I t 1
Federal govemm•t.., o•C;
M•lltery ........................ •2•
State and elba, govemme., ........... O" 4
RESIDENTIAL GROUPS - TOTAL ....... 25
U,b• co•mw;•/ ..................... q •
Dividends •d Interest Rek.nd
Dividmds Paid or Payable
June 30. 1966 Dec. 31. 1966
Number Paying Amount Numbee Paying Amount
•,687 $50.3q9 10.666 $159,055
•54 •665 1.488 I0.77n
4• 746 t31 1,q66
56 6q3 3•6 2.635
86 5•0 588 3,241
63 620 39g 2,28•
9 R7 56 668
•.3q• 47.377 8*gq& 166e369
67 38 I•005
l- 63 55 560
3 g •B 6•6
I1•2 Ig.?6q 6•L63 64.283
l•O l,Ol3 637 3,q•6
16 162 •7T 1.6•3
36 331 156 leD20
67 76q 278 4,4q•
61 3q• 234 2,00S
ill 1,78q 332 5,583
B? 1.36q 277 61967
3• 588 116 1,757
7 33 68 l•g
4q 7q7 2L5 2.516
7• 2,146 367 7,I00
5• &77 366 2.711
I•8 2,g23 6gl 10,516
•71 2,263 2•1 6,233
35 4,016 76 6,68&
34 608 79 L,536
2• 123 105 1,015
255 6,615 1,016 17,80C
50 722 •6q •,555
•4 3B7 1•6 •,•16
•R 3•? 118 1,402
11 385 36 1,563
6 30 26 253
q3 I•970 2•| 6,7S7
7& •.q31 168 4,6•&
• 77• 220 3,455
:9. 3gl SIS 971
315 41•fl 1.295 13.575
5 II 38 121
2 3 25 50
27 527 6• 1,034
41 140 260 76•
• 135 251 737
2C5 3,650 815 t0,888
16• 2,85q 737 g,3•8
3q 783 I•2 1,5(:3
35 15h 93 716
63R 16,4• 1,788 62,178
3oi 12,5c6 q53 2q,313
L• ) 2,gTa 661 I LI,563
[qg q,%?g 312
J 17,7•0
21 • 3,g•8 835 12,865
2 1 • 3
•? 577 tg6 1,936
I• t•2 55 53O
•q 43• 13g 1,4C'6
Total Divid•ds i June 30, 1966
on 19•
•es Numb• Paying Amount
$20g,•56 199 $I.096
13.215 q II
2,6•2 .....
3,32? 3 3
3,760 4 6
2,701 2 2
75• .............
193,726 •87 •,OT2
1,072 ..............
693 .............
631 ............
8•,052 92 482
•.917 9 19
1,58• 1 q
1,351 ..............
5,263 8 so
2,397 8 17
7,373 8 38
6,327 7 16
2,3•5 3 23
182 ..............
3,313 6 2•
q,2•6 6 •
3, te7 6 14
13.•39 14 127
19,•66 9 14• 3,•q6 6 68
lO.5Gl 3 76
2,16• 5 20
1.13q 2 II
22,•15 27 l•g
5,•7• 3 13
2,203 t 6
L.7•g I 2
1,g48 ...... - .......
283 1 3
6,727 16 [l•
6,545 • ItO
6,z2g 5 14
7,052 4 Ll
1,362 ..............
18,06• 2• II0
131 ..............
53
t,•6t
......
; .....
;" 9n• 1 t
872 l I
14,538 2• I00
•21237 20 97
2,2•5 l 3
879 ..............
581672 39 3•0
•I,81g 18 189
1•1541 13 30
77,2•8 5 159
16,R53 21 131
2,5L• 3 14
672 ..............
1.8•I 3 16
Interest Refund
FCU/'66
'Prolesslonal, sci•td,c, and can ¢olli•g instmm•,s photogrophlc •d optical �oeds; wo the. and clacks.
*ln•luth.g w°,ehou s•.g.
'Less ,h• $500.
Dec. 31, 1966 Totd
Interesl Numb,:, Paying Amoun) RoUnd1966
2,466 $17,309 $18,695
L89 816 826
15 118 118
63 220 223
gO 330 336
33 TT 79
8 68 6•
2,266 16,361 17,633
I0 53 53
g 38 38
4 8 8
1,088 9,315 9,T97
llO 580 600
32 76 85
20 92 qZ
73 677 687
60 194 211
96 Tll TS@
56 35& 369
32 296 319
8 10 SO
43 217 Z•l
93 810 821
I00 353 367
ZOT 1,502 1,62g
I06 3(054 3,1q9
74 2.271 2,339
27 7TO 866
28 251 270
26 139 150
329 2,629 2,778
75 397 •[0
33 227 232
30 159 161
47 47
12 15
93 I,329 1,6•0
gO l,325 1,435
85 •5T 472
80 636 •4T
17 32 32
251 1,075 1,T86
4 4
I 4 57
24 5• 55
Z2 52 54
Igg 892 9gl
166 772 869
21 I17 I19
16 T3 73
456 2,T72 3,093
208 1,317 1,506
171 663 673
37 674 833
248 1,656 1,587
31 135 1•8
9 41 •1
22 93 I07
65
TABLE 11.--FEDERAL CREDIT UNIONS PAYING DIVIDENDS ON DECEMBER 31. 1966 SHARES, BY DIVIDEND RATE CLASS, BY REGION AND STATE
Region and
State
Number of Federal credit
unions• December 31,
1 I Paying Number no Paying
�
Operating • Dividend Dividend
Total ............... ---.I 11,941
New England ................. .
873
Connecticut ............... 316
M•ine ..................... 152
Massachusetts ............. 335
New Hmmpshire ............. 34
Rhode Island .............. 34
I i•275
• 82 J
15
12
40
4
Ii
i0•666
791 i
301
I 140
295
3O
23 i
Dividend Rate Class
Less
than
4.00 4.00
888 i•384
57 126
29 39
7 28
14 51
5 1
2 7
4.01-
4.49
382
54
24
8
19
i
2
Xl 4.51-
i 4.50 4.99 5.00
i
i•909 750 2•979
218 I 85 I 181
77
I 39 61
43 ii 30
85 33 70
6 2 13
5 --- 7
5.01- [
5.49 I 5.50
588 870
20 34
13 15
--- 8
7 i0
--- [
5.51-
6.00
99 817
2 14
2 2
--- 5
--- 6
--- 1
Vermont ................... 2
Mideast ..................... ! 3,123
Delaware .................. 66
District of Columbia ...... ! 172
Maryland ................... 175
New Jersey ................ : 493
New York .................. 1,029
Pennsylvania ;
1,188
--- 2 1 ---
i 311 2•812 i 393
i0 56 i 8
13 159 i 12
28 147 i 14
41 452 i 49
97 932 I 75
122 1,066 E 235
Southeast ................... • 2•I03
Alabama ....................
Arkansas ..................
Florida ...................
Georgia ...................
Kentucky ...................
Louisiana .................
Mississippi ................
North Carolina .............
South Carolina ............
Tennessee .................
Virginia ..................
West Virginia .............
Great Lakes ................. • 1,892
Illinois .................. , 388
Indiana .................... 461
Michigan .................. 379
Ohio ....................... 661
Wisconsin ................. 3
Plains ...................... 408
Iowa ...................... 6
Kansas .................... 74
Minnesota ................. 54
Missouri .................. 50
Nebraska .................. 8B
North Dakota .............. I 33
South Dakota ..............
' 103
Rocky Mountain .............. 482
Colorado .................. 160
Idaho ..................... 60
Montana ................... 105
Utah ...................... 98
Wyoming .................... 59
320
208 47
73 Ii
295 50
224 31
I01 16
354 49
136 29
67 2
97 20
190 12
208 25
150 28
11783
161
62
245
193
85
3O5
107
65
77
178
183
122
Southwest ................... 1,176
Arizona ...................
. 103
New Maxico ................ : 68
Oklahomm .................. 131
Texas ..................... 874
369
599
3
372 i
6
71
48
45
85
30
87
203 1,689
81 307
50 411
i0
62
36
3
6
5
3
3
16
33 449
I0 150
4 56
3 102
14 84
2 57
126 I•050
14 89
ii 57
8 123
93 781
124
9
7
14
8
9
27
7
2
7
3
17
14
i 157
1 57 i
24 I 25 •
51 i
29 1 I
9•
4i 4
t
6
i 28 1
8
3
10
6
1
2
2
5
I9
458
6
21
27
I16
87
201
181
131
1
7
3
34
38
48
30
19 ---
3 i
23 5
13 1
10 ---
29 3
16 3
4 ---
3 2
Ii 6
34 8
16 1 i
331 i 82
93 15 i
53 ii
82 33
102 23
1 ---
64 29 i
2 i --- !
9 1 I0
8 6
ii 5
18 6
3
i ---
13 2 l
49 I 14 I w
191 4 i 4 1 4 •
21 1 4 i 4 • 2
'
i il --- i
69 J i lO
3 ---
2 ---
7 1
57 9
2
598
ii
31 I 33
115
I 128
280
25O
15
5
27
19
17
34
16
12
13
30
41
21
I
380
61
76
103
139
i i
84 [
2
16
12
9
22
7
16
78
25
9
24
I0
I0
114
14
8
17
75
227 621 i 120
3 15 4
14 42 11
13 39 5
43 74 8
77 291 70
77 160 22
92 586 77
2 64 5
5 35 4
9 85 9
6 61 i0
8 28 2
18 90 18
4 30 3
5 23 5
10 25 3
8 58 8
12 49 8
5 38 2
141 419 1 43
17 46 1 5
36 129 I
13
40 66 1 7
48 177 i 18 --- i ---
E
21 90 1 16 I
--- 2 ---
5 17 2
2 8 1
i 9 3
7 17
2 10
4 27
39 157
19 47
i 24
I0 25
3 40
6 21
38 382
4 43
3 20
8 43
23 276
148
4
I0
5
9
I00
20
173
17
24
27
5
4O
I0
7
5
20
ii
7
62
3
33
7
19
21
5
1
4 4
1 4
5 7
28 i 33
14 7
7 4
2 5
1 11
4 6
82 139
9 6
6 2
13 16
54 115
9 107
i 3
I i0
1 7
--- 4
5 61
1 22
12 25•
2 28
--- 2
3 46
4 44
--- 6
i 45
1 17
--- 7
--- 9
1 33
--- 3
--- 18
7 67
1 --
I • 9
5 I 31
--- I 6
I I 21
i 17
--- 2
--- 1
1 2
--- 3
--- 2
--- 7 l
6 17
2 5
---
I 1
3 4
1 7
22 166
--- 8
--- 14
4 9
18 135
Far West ................... i 1 832
Alaska .................... 36
California ................ 1,185
•Iawali .................... i 167
Nevada .................... 68
Oregon .................... 201
Washington_ ................ 175
Other areas ................. 52 _•
Canal Zone ................ 7 Guam
...................... 3 Puerto Rico ............... 39
Virgin Islands ............ 3
155
2
123
3
8
14
5
I
7
2
1 677 : 70 i I00 I 32
34 2 1 : 1
1,062 50 59 ! 19
164 6 5 I 7
60 3 4 i ---
187 4 20 1 4
170 5 ii I i
i
2 • ---
1 ! 2 • ---
43
7
1
179
3 i 7! 3t 8
87 4• ; 326 i 1511 178
---
I r-I---
40 158
2 3
29 115
6 8
--- 15
2 10
I 7
66
/ ....
FCU/'66
TABLE 12.--FEDERAL CREDIT UNIONS PAYING DIVIDENDS ON DECEMBER 31, 1966 SHARES, BY DIVIDEND RATE CLASS, BY TYPE OF MEMBERSHIP
Humber of Federal credit-ualoas• December 31j 1966
Type-of-membership Number
Operatln K
Total ......... Iir941
ASSOCIATIONAL GROUPS - TOTAL_.. i•848
:ooperatlves ........................ 142
Fraternal and professional .......... 368
Religious ........................... 749
Labor uniOnS ........................ 474
3ther associational groups .......... 115
OCCUPATIONAL GROUPS - TOTAL .... 9,840
kgrlculture ......................... 39
•inlng .............................. 60
3ontract construction ............... 30
Kanufacturlng ....................... 4,573 Food and kindred products ........ 470
Textile mill prod. and apparel--- 204
Lumber and wood products ......... 178
Paper and allied products ........ 305
Printing and publishing ..... i--. 250
Chemicals and allied products .... 362
Petroleum refining ............... 285
Rubber and plastics products ..... 131
Leather and leather products ..... 53
Stone, clay, and glass products-. 239
Primary metal industries ......... 378
Fabricated metal products ........ 393
Machinery, Incl. electrical ...... 772
Transportation equipment ......... 349
Motor vehicles and equlpment---i 230
Aircraft and parts .............. 86
Instruments I• ................... 84
Other manufacturing .............. 120
Transportation, communication, and
utilities ........................ 1,058 Railroad transportation .......... 281
Bus transportation ............... 152
Motor freight transportatlon2/-- 128
Air transportation ............... 38
Other transportatlou ............. 25
C=•nmunlcatlons ................... 208
Telephone ...................... 173
Utilities ........................ 226
•holesale and retail trade .......... 551
Finance, ins., real estate .......... 126
Services ............................ 1,513 Hotels and other lodging places-- 47
Personal services ................ 31
Miscellaneous business services-- 68
Medical, other health services--- 338
Hospitals ...................... 327
Educational services ............. 918
glem. and secondary schools .... 791
Colleges and universities ...... 119
Other services ................... IIi
Government .......................... 1,884 Federal government .............. • 980
Civilian ....................... 656
Military ....................... 324
State and other government ....... 904
Other occupational groups ........... 6
RESIDENTIAL GROUPS - TOTAL ..... 253
Urban community ..................... 85
Rural c•mmunlty ..................... 168
Paying Less
no Paying than
Divldgnd Dividend 4,00
i•275 .1%666. 888
360 it488 265
ii 131 17
54 314 52
161 588 123
75 399 64
59 56 9
856 8,984 596
i 38 ---
5 55 6
2 28 3
430 4,143 315
33 437 31
27 177 19
22 156 15
27 278 17
16 234 13
30 332 16
8 277 8
17 114 8
5 48 3
24 215 19
31 347 31
49 344 33
81 691 65
40 309 27
19 211 19
I0 76 5
5 79 2
15 105 8
44 1,014 43
12 269 13
6 146 i0
i0 118 4
2 36 2
i 24 2
7 201 7
5 168 4
6 220 5
47 504 34
ii 115 3
218 1,295 128
9 38 8
6 25 4
4 64 5
78 260 41
76 251 41
103 815 64
64 707 57
17 102 7
18 93 6
96 1,788 64
27 953 23
15 641 15
12 312 8
69 835 41
2 4 ---
59 194 27
30 55 II
29 139 16
4,00
1,384
382
32
77
173
86
14
959
3
4
481
48
31
23
21
26
28
8
21
I• Professlonmi, scientific, and controlling instruments; photographic •nd
2/ Including warehousing.
13
24
45
52
76
36
27
3
7
22
109
38
33
9
1
2
9
5
17
6O
4
166
7
5
3
49
48
88
75
12
14
132
54
47
7
78
43
4.01-
4,49
382
96
19
24
35
15
3
273
4
118
9
7
I
2
6
8
8
3
I0
4
I0
29
I0
9
4
7
38
19
7
1
1
1
i
9
I0
3
41
1
5
5
27
26
1
8
59
35
25
i0
24
I ___
l
11
32
Dividend Rate Class (percent)
1 i 4.51-
4,50 I 4,99
i7909 750
313 56
30 ! 8
62 i0
136 15
77 20
8 3
1,539 I 685
2 6
6 2
2 I 4
741 307
69 25
44 12
33 i i0
45 . 14
34 12
51 26
18 20
23 3
16 7
34 21
71 24
70 ! 26
140 57
56 29
44 20
9 8
16 7
21 14
176 49
66 12
29 8
23 5
2 ---
23 9
21 9
33 15
i
71 37
15 , 9
235 ii0
II I ---
3 2
7 •
5
45 i 12
44 ! 12
157 I 85
134 i 68
19 16
12 6
290 161
160 103
121 69
39 34
130 58
}
i
1 ---
57 9
15
I 42
optical goods; watches and clocks.
I } 5,00
21,979
291
17
65
89
103
17
2,658
Ii
16
II
I, 155
133
42
51
88
66
94
85
35
5
57
93
91
175
98
69
22
28
14
310
82
3O
4O
7
I0
78
63
63
152
35
382
lO
5
19
69
66
253
222
31
26
585
330
223
107
255
i
3O
8
22
5.01-
5,49
588
15
i
4
3
6
1
57O
6
4
4
221
22
6
6
16
i0
24
24
6
ii
19
9
44
17
8
9
3
4
67
12
7
4
8
2
18
17
16
37
17
75
i
1
9
II
9
49
42
7
4
139
89
48
41
5O
---
3
I;
5.51-
5,50 5,99 6,00
870 99 817
35 I 34
5 --- 2
i0 I 9
6 ---
14 --- 14
...... I
829 97 778
4 1 l
5 i II
2 --- 2
355 5O 4OO
43 I0 47
6 1 9
4 --- 13
37 2 36
34 3 ! 30
30 7 i 48
41 13 i 52
7 --- 1 8
2 ---
I 2
14 2 i 23
19 5 I 36
25 --- i 28
57 2 i 46
22 3 II
6 --- 9
16 2 2
9 I 2
5 1 9
104 9 ! 109
13 I ' 13
13 --- 9
13 1 18
9 l 8
3 --- 2
29 --- 27
26 --- 22
24 6 32
49 3 51
16 3 i0
I01 9 48
...... I
I --- 4
4 2 9
16 i i
Ii
16 --- I0
69 5 18
62 5 16
7 --- 2
ii I 5
192 21 145
91 13 55
56 2 35
35 Ii 20
i01 8 90
i --- I
6 l 5
2 ......
4 I 5
67
TABLE 13.-LOANS MADE IN OPERATING FEDERAL CREDIT UNIONS DURING 1966, AND CURRENT AND DELINQUENT LOANS OUTSTANDING
Reqion o'nd Stole
I Number ot
Federal
Credit
Unions
AS OF DECEMBER 31, 1966, BY REGION AND STATE
Amounts in thousands)
Loons Made Dufinq 1966 Loans Outstanding Dec 31, 1966
Number
Total ........... ii,941
New E.gl•d .................... g73
Coanz'cticut ................... 3 ! 6 1 •4 � 703
Malno ....................... ] 52 56 , 73R
Massachusetts ................. 3 • 5 1 24 � 1 •9
New H•p•hire ................. 34 16. � $79
Rhode Islcmd .................. :•4 4 , q96
Vermont ...................... 2 I , 79•
Mideost ........................ 3,123 1,433,182
Dcl•are ...................... •: • 3 3, • O 5
District of Columbia ............. i 17• 2?4,ztt -•,
Maryland ..................... 1 75 l 07, P 6 =,
New Jmsey ................... 4•3 187,2(31
New York ..................... L,C2) 4OO,136
Pennsylv•ia .................. i , I,•':" 479,t20
South•st ...................... •,!G3 1,160,C56
Alabama ..................... i ?•" • 105,734
A•sas ..................... 7 • 33, 123
Florida ...................... 2G5 • 27 , i!23
Ge,•jia ..................... 224 t 51 , 217
K•tucky ..................... lt•l 36,£00
h•isiona .................... 354 124,543
Mississil:•i ................... I 36 62, 169
North Carolina ................. ,' 7 48, C4ti
South Carolina ................. •7 74, • ;•8
Tennessee .................... I o 3 12 6,6 I 0
Vi,ginia ..................... 2 (? C 1 ? 2, l 46
West Virginia .................. I "0 4? , 285
Gr• Lakes .................... l,•g2 95C,682
Illinois ..................... i •-P'• I OqtCl3
Indiana ..................... 461 224, 154
Michigo• .................... • 7%/ 335, I bY
Ohio ........................ t.t-i 2•1 ,•54
Wisconsin .................... 3 694
Plains ........................ 4G• 150,446
Iowa ....................... 6 4, O 24
Kansas ...................... 74 42,795
Minnesota .................... 54 12,533
Missouri ..................... 5") 2G, 801
Nebraska ..................... • 36 , 1 I 1
North Dakota .................. 33 1 O, F 26
South Dakota .................. I 03 23, • 56
Rocky Mountain .................. 4 • 2 I 70,974
Colorado ..................... ItO 76,314
Idaho ....................... 60 24,$73 h¢lont•a ..................... 105 26,723 Utah ........................ 9'• 28,669
Wyoming ..................... •9 14,235
Southwest ...................... 1,176 674,619
ArizOna ...................... 1('3 7- • , 16.4
N•-w Mexico ................... AE• 43,079 Oklahoma .................... 131 62,4 CR
Texas ....................... R74 490,963
Fm West ....................... 1,932 1,275,114
Alag•o ...................... 36 27,3Z4 California .................... 1,Ib5 940,963 Hawaii
. ..................... 16 7 104, CP4 Nc•w•a ...................... 68 38,930
Oregon ...................... ?01 78, C6,9
Washington ................... 175 87,804
Othe* meas ..................... •2 43,152
Canal Zc..o ................... 7 16,C31 Guam ....................... , 3 5,3 •0
Pu•o Rico .................... •.9 21,428
Virgin Islands ................. 3 313 '
Inclu•s loons less than 2 months d•linquent.
Amount
Current' Tot0l Delinquent
Number Amount
6,P57,126 $5,507,0P; 4,987,236 :$4,323,943
398,901 332,791 322,503 261t594
185,790
59,•62
90,027
13,135
3,019
8•9
1,220,194
25,1Ft5
216,4e2
84,259
142,222
351,96•
394,085
894,043
26,220
18G,269
121,899
26,163
1C3,n07
4C,16.•
38,462
44,604
IO?,SR2
•9,915
37,82•
934,947
•5,•72
212,031
395,7•5
250,993
7S2
143,444
3,755
46,714
10,270
13,584
35,530
7,904
25,6tI•
167,644
7n,818
24,745
22,943
29,555
13,783
594,789
77,?94
4o,090
59,058
412,357
1,196,033
Z6,190
847,322
12•,303
36,182
74,n78
85,559
23,196
Number Amount
4,753,6•9 i$4,190,676
303,£•9 252,252
142,7S3 I27,033
47,S52 44,122
94,711 67,606
141721 IC,996
3,•14 1,974
7•8 522
1,079,583 965,755
24,890 15,508
199,047 17•,3|9
86,7W• 86,534
145,8•4 IU7,310
320,620 277,C96
302,397 257,98£
830,•E,? 6:•I,977
71,•?0 59,232
20,•04 i•,668
IE'G,FO7 140,695
95,403 67,647
?5,525 17,752
94,•31 78,603
42,222 29,599
36,C47 22,182
51,4lP 32,077
•,lru 75,0•1
94,420 65,851
•1,455 27,640
688,130 703,501
74,119 64,686
154,515 137,12q
258,370 312,511
200,744 I•8,713
382 461
110,611 118,445
2,775 2,896
34,798 41,345
I0,£79 9,330
15,•44 12,144
28,872 28,734
7,g02 7,007
1o,241 16,989
135,273 146,025
61,369 63,500
IG,511 20,439
21,603 21,4•6
22,2•5 23,154
11,505 11,506
499,999 447,746
63,715 63,920
32,9o2 31,854
48,971 47,105
354,351 304,866.
1,073,409 976,387
21,•38 20,673
808,397 ?02,523
79,7e0 93,929
28,254 /26,544
63,w5• •58,226. 71,167 741492
26,423 14,588
7,7•9 3,404
4,329 1,613
13,928 9,415
377 156
7,392
2,647
12,9•3
174
Number Amount
233,587 $133,267
18,644 9,342
7,773 4,242
2,42g 1,360
7,367 3,334
654 283
3g• 116
72,574 39,992
1 ,35 Q 606
9,51• 4,224
3,365 1,615
II,43 • 6,297
26,552 15,602
20,347 II ,649
34,4£7 15,836
4,162 2,159
874 356
5,614 2,576
3,897 1 ,782
1,0!• 425
5, OI;• 2,350
P,24C 908
954 319
1,716 542
3,410 1,637
4,046 I ,865
lt563 918
35,7C3 24,567
9,37• 3,106
?,335 4,041
12,11F. 10,609
IC,8C8 6,749
•.6 62
5,967 4,106
72 48
1,2•4 1,132
678 446
987 391
1,720 1,191
293 2O4
933 693
6,665 5,347
2,37F 1 ,769
825 751
1,32! 964
1,647 1,395
5C5 468
17,877 9,451
2,047 1,331
1,049 701
1,8t4 1,008
12,917 6,411
40,352 24,112
1,017 605
2•],7CI 15,523
?,674 2,192
1,341 1,380
3,2f•4 2,089
3,365 2,324
1,335 513
579 194
1 C7 ?7
555 258
87 32
150,52•
50,381" 102,078
14,875
3,912
731
1,152,157
26,249
208,565
90,160
157,267
347,172
322,744
864,829
76,052
21,37•
186,42[
99,250
26,540
99,53?
44,462
37,001
53,128
89,570
98,466
33,018
723,833
79,495
161,850
270,488
211,552
448
122,578
2,847
36,082
II,357
16,331
30,592
8,195
17,174
141,938
63,741
19,336
22,924
23,927
12,010
517,876
65,762
34,011
50,835
367,268
1,113,761
22,955
837,098
82,374
29,595
67,242
74,49?
27,761
8,368
4,436
14,483
474
131,275
45,482
70,940
11,279
2,089
529
945,748
19,114
182,543
68,148
113,607
292,698
269,637
647,812
61,391
16,025
143,271
69,428
18,177
80,953
30,507
22,501
32,619
76,668
67,715
28,558
?28,068
67,794
141,169
323,120
195,462
523
122,551
2,945
42,477
9,776
12,535
29,925
7,211
17,682
145,373
65,269
21,191
22,39•
24,549
11,974
457,197
65,252
32,555
48,113
311,277
1,000,499
21,278
718,046
96,121
27,924
60,316
76,816
I5,101
3,598
1,641
9,673
189
68
\
TABLE 14.--LOANS MADE IN OPERATING FEDERAL CREDIT UNIONS DURING 1966, AND CURRENT AND DELINQUENT LOANS OUTSTANDING
AS OF DECEMBER 31, 1966, BY TYPE OF/•EMBERSHIP
FCU/'66
Type-of-membership
Number of
Federal
Credit
UMons
Total .............. i 11, q41
ASSOCIATIONAL GROUPS - TOTAL .... l, ;t48
Cooperotlves ....................... . 142 55, 1 q9
Fraternal end profe= =lanai ............... 368 43, 2 •
Rel•glou$ ......................... 749 85,672 Lair unions ....................... ! 474 1 ( 5, 719
Other associational groups .............. 1 15 19,42 l
OCCUPATIONAL GROUPS - TOTAL ..... q, S4C 5, 8q6, C2g
Agriculture ......................... 3q I 5, 835
Mining ........................... • 60 21, 738 Contact construcHon .................. I 3• • 2 � 4 ¢)2
Mcnufacturlng ...................... 4, 573 2, 662, lZ•5
Food and kindred products ............ 47• 14¢)� 772 Textile mill prod. and apparel .......... 234 9"•� 7,•6 Lumber ondwood products ............. 178 5h, •.•6
Paper end allied products ............. 30 5 1 51,25C
Printing and publishing .............. 2350 75 t 756
Cbemlcots and allied products .......... ]62 187, 3 c 5
Petroleum refining .................. 2•5 118• 539
Rubber and plastics product= .......... 13 I 64, 996
� Leather cmd I•ther products ........... 53
" | 6, • 8 q
Stone, cloy, and gloss products ......... 23 3q 1 C6, 4 53 Primory metal industries .............. 378 294, 556 Fabricated meta• products ............. 3c•3 l 27, 348
Machlnery, incL electrical ............ 772 46�)t 168
Transportation equipment ............. 34q 644, •47
Motor vehicles and equipment ......... 23C 3r•], 668
Aircraft and ports ................. •6 312, 56¢)
Instruments 2. ..................... •4 6C, R15 Other manufacturing ................ I 2 (5 4 •, • 29
Transportation, communlcetlon, and ufilltiel... I , ,q 58 5•6 � 117 Rai flood transportation ............... 2 • 1 I 3 t
, 2 R 8
Bus transportation .................. I•2 69t 3623
Motor freight tron spot,allen s ........... 123 P • q, 651
Air tron sportation .................. 38 57, 584
Other ,ran sportation ................. 25 6, C 75
Communication s ................... 20 • [ 66153
Telephone ....................... 173 !6, •
, 314 Utilities ......................... 226 86, 627
Wholesale and retail trade ............... 551 •371671" Finance, insurance, real" estate ............ 1236 3g, [ 59
Sorvlces .......................... I, S13 5r 3,987 Hotels and other lodging places ......... 47 11 ,
• 18
Personcd servicol .................. 3 I 6 w 404
Miscelloneous business services ........ 6R 3¢), C-'8
Medical, other health services .......... 338 72, 547
Hospital s ...................... 327 7(', q33
Educational services ................ �) 1 R 3 423, 577
Elem. and secondurf schools .......... 79 I 76 7, 5C4
Colleges and universities ............ l 1 c• 72, 633
Other services .................... I 1 I 32* ! :•3
Government ........................ l,•84 1�q17,518 Federal government ................. qRF I, 32 •� 06, %
Civilian ....................... 656 381,628
Milita•f ........................ •24 q41,432 State and other government ............ or4 494, 45•
Other occupational groups ............... 6 •6•
RESIDENTIAL GROUPS - TOTAL ....... 253 51, 85R
Urban community ..................... •5 141739 Rural community ..................... "[69 37, [ [�)
'Includes loans less th•n 2 months delinqu•t.
Loans Mode During 1966
(Amounts in thousands)
Loans Outstanding Dec. 31, 1966
Curr•P Delimuent Total Number Amount
6,257,176 $5,507,O81
3C�),23g 302,059
69,350
59,587
76,420
78,8•1
17,�)02
5,150,379
20,Ogl
17,178
12,255
2,326,412
Number Amount
4,753,649 $4 ,190,676
2ql ,428 276,852
52,117 65,1¢)6
47,2•6 61 ,245
83,710 71,611
89,100 61,639 19,265 17,160
4,416,371 3,865,113
I 1,492 14,502 15,230 12,419
8,978 81907
1,819,T27 I ,646 1467 124,011
4g1601
36,g88
178,030
661q96
188,283
135,151
59,740
6,520
85,538
280,687
91,141
368,038
594,216
239•,3233
281,013
50,193
31,780
Number Amount
233,587 $133, 267
33,852 20, 260
3, 391 2, 839
5,4.2 •- 4, 722
11,504 6,415 11,479 5,243
2,056 1,041
194,934 109, 573
3T2 326 876 528
298 125
83,326 47,311
Number Amount
41987,236 $4,323,943
325,280 297,111
55,508 681035
52,658 65,967
95,214 781026 100,579 66,882
21,321 181201
4,611,305 3,974•686
11,864 14,828 16,106 121947
91276 g,032
1,903,053 1,693,77g
6C0,693
127,414
64,041
63,g27
53,958
5,746
14)4,811
189,607
¢)0,897
|93,809
32,8R1
I02,916
49,720
33,504
I03,663
52,117
136,708
I06,07[
44,957
8,081
70,619
174,638
76,782
322,858
459,683
202,828
236,788
46•540
30,870
90,873
30,724
27,739
I03,765
45,737
133,178
110,574)
44,569
4,006
59,162
173,662
58,561
268,651
434,514
208,833
210,496
39,088
21,689
5,564
2,637
2,644
4,576
2,960
4,364
4,092
2,178
895
4,014
8,430
4,663
16,253
15,596
8,861
5",275 2,279
2,181
3, 152
878
I, 165
2, 801
1,615
2,951
3,047
1, 398
228
2, 369
5,913
2,208
8, 096
9, 406
6,487
2, 195
I, 2T2
815
108,480
52,357
36,148
I08,239
55,0T7
141,072
II0,163
4T,135
8, g76
74t633
183,068
81,445
339,111
475,279
211,689
242,063
48,81g
33,051
94,025
31,602
28,904
106,566
47,322
136,130
113,626
45,967 4,234
61,531
17g,575
60,769
276, T47
443,920
215,320
212,69[
40,359
22,503
443,098
5,036
2,335
37,676
32,87C
31,724
342,792
281,398
5gt77q
22,3Rg
1,503,826
I,•78,3q4
341,754
686,640
475,432
454,448 460,315 q¢),q72
43,175
44,047
42,257
4,538
143,755
138,875
76j704
£67,028
31,299
97,362
45,400
3g,C88
40,364
4,836
157,058
153,34)2
76,208
134,002
26,589
17,842
6,278
2,197
2,156
730
237
3,447
3,065
2,797
9,361
t,266
12,405
4, 893
[, 744
I, 182
397
169
2,053
1,894
1,967
4, 285
457
472,290
106,250
45,372
46,203
42,987
41775
147,202
141,940
7g,501
176,38g
321565
137
54,643
14,6C7
40,036
=Professlonal, scientific, and controlling instruments; photographic and optical goods; watches and clacks.
•tnc[uding warehousing.
403,•24
5,690
2,683
32 ,094
44,258
43,121
24)7,111
240,06q
55,574
21,388
1,504,688
t,14q,222
340,065
809,157
355,466
257
45,850
14,069
31,781
363,425
2,810
1,15C
30 ,127
21,413
20,595
290,176
242,286
47,046
17,750
1,198,388
865,057
288,587
576 ,470
333,331
q8
48,711
13,407
35,394
21,624
658
339
1,404
3,273
3,215
15,018
121174
2,737
g32
59,93g
45,331
20,720
24,611
14,608
3O
4,801
1,348
3,453
12, 583
14R
69
792
793
773
I01 354
9,069
I, 246
427
31, 54 3 23,032
121 146
IO, 886
8,511
I0
3, 434
735
2,699
424,848
6,348
3,022
33,498
47,531
46,336
312•129
252,243
58,311
22,320
[,564,627
1,194,553
360,785
833,768
370,074
287
50,651
15,417
35,234
472,720
102,255
47,144
40,27[
40,761
5,004
159,111
[55,286
78,[75
138,286
•7,046
376,008
2,957
1,2319
30,919
22,206
21,36T
3001530
251,385
48,292
18,1T7
1,229,93[
888,089
300,733
587,356
341,841
108
52,146
14,143
38,003
69
TABLE IS.--LOANS MADE AND LOANS CHARGED OFF AND RECOVERED, IN OPERATING FEDERAL CREDIT UNIONS, FROM DATE OF ORGANIZATION
Number
of
Federal
Credit
Unions
Region and State
Total ........... Ii,941
New England .................... 873
Connecticut ...................
316
Maine ........................
1 52
Massachusetts .................
335
Hew Hampshire ................. 34
Rhode Island .................. 34
V6rmont ..................... 2
Mideast ........................ 3,12 •,
DMawa•e ..................... 66
District of Columbia ............. 172
Maryland ..................... 175
New Jersey ................... 493
New York ..................... 1,029
Pennsylvania .................. 1 , 183
Southeast ....................... 2,103
Alabama ..................... 208
Arkansas ..................... 73
Florida ...................... 295
Georgia ..................... 224
Kentucky ..................... 101
Louisiana .................... 354
Mississippi ................... 136
North Carolina ................. 67
South Carolina ................. 97
Tennessee .................... 190
Virg•nla ..................... 208
West Virginia .................. 150
Great lakes ..................... 1 t 892
Illinois ...................... 388
Indiana ...................... 461
Michigan ..................... 379
Ohlo ........................ 661
Wisconsin .................... 3
Plains ........................ 408
Iowa ....................... 6
Kansas ...................... 74
Minnesota .................... 54
Mi ssouri ..................... 50
Nebraska: .................... 88
North Dakota .................. 33
South Dakota .................. 103
Rocky Mountain .................. 482
Colorado ..................... 160
Idaho ....................... 60
Montana ..................... 105
Utah ........................ 98
Wyoming ..................... 59
Southwest ...................... 1,176
Ad zone ...................... 103
New Mexico ................... 68
Oklahoma .................... 131
Texas ....................... 874
Far West ....................... 1t832
Alaska ...................... 36
CaBfomia .................... 1,185
Hawaii ...................... 167
Nevada ...................... 68
Oregon ...................... 201
Washington ................... 175
Other areas ..................... 52
Canal Zone ................... 7
Guam ....................... 3
Puerto Rico ................... 39
Virgin Islands ................. 3
THROUGH DECEMBER 31, 1966, BY REGION AND STATE
(Amounts in thousands) !
Loans From Date of Organization Through December 31, 1966
Total Loans Mode
Number
75,979,757
5,539,025
3,293,981 622,399
1,331,167 196,479
65,778 29,22]
20,476,978
207#919
3,153,224
986,249
21710,6g0 5,604,871
7,814,025
13,355,356
1,123,356
280,744 2,396,556
I,R45,636 284,042
1,954,031
784,497 371,298 656,368
1,570,912 1,584,846
533,070
Ii,353,192
i1401,412 2,658,785 3,557,166
3,751,I04
4,725
1,817,224
45,417 436,794
163,146 325,616 465,336
103,530
277,385
1,918,172
815,711 255,772 •941965
405,114 146,610
•,679,480
742,794
413,297
716,794 5,806,595
13,427,911
251,205
9,604,487
1,6171297 291,871
715,G31 948,020
412,419
197,005 L6,626
•94,306 4,482
•Net amount of•[oans charged off as I•ec•t of total loans made since organization
Amount
$43,077,687
2,7C4,817
1,510,440
388,886
662,672
95,644
28,312
18,863
10,109,560
132,512
1,722,244
515,597
1,343,9•5 3,102,677
3,292,574
6,322,219
618,647
160,283
1,346,097 699,126
157,230
921,242
294,885 165,087
232,928 861,434
599,170
266,086
7,187,440
761,450
1,603,595
2,750,332
2,068,586 3,476
1,221,455
29,340 371,296
95,556 160,775
312,589
56,760 195,139
1,317,894
589,722
187,262 190,793 238,484
111,632
4,914,106
560,181 338,847 478,910
3,5361169
9,158,565
160,340 6,496,122
1,069,016 242,310 513,165 677,611
141,631
46,462
8,356
E5,175
1,637
Loans Charged Off
Gross Amount
$121,867
5,866
3,208
666
1,652
253
65
22
26,288
239
5,G32
1,712
3,669
7,C48
8,589
13,238
1,292 596
2,558 1,347
476
1,757
490
35O
509
1,414
1,895 552
25,635
2,460
4,197
11,036 7,921
20
4,755
93
1,034
585
684
1,420
165
774
5,132
2,520
527
934
734
418
10,770
2,047
690
1,368
6,666
29,857
504
22,549
1,865 781
1,757
2,400
325
44
23
240
18
Recoveries
$21,752
954
602
86
218
39
5
4
5,936
43
1,211
292
917
1,243
2,230
2,159
326
41
401
204
90
193
84
47
7e
248
320
126
5,457
420
865
2,106 2,065
2
86g
24
162
149
113
251
44
126
792
409
74
169
85
56
1,337
3O8
102
174
754
4,159
61
2,953 452
94
202
398
89
5
I
77
5
Net Amount
$I00,I 15
4,91]
2,6C6
580
1,434
214
5•
IE
20,353
195
3,821
1,420
2,752
5,805 6,359
11,079
966
555
2,157
1,144
387
1,564
4C6
3C3
431
1,166 1,575
426
20,17•
2,041
3,332 8,931
5,857
18
3,886
6g
871
436
571
1,169
121
648
4,340
2,111 453
765
649
362
9,433
1,739 588
1,194
5,912
25,699
444
19,597 1,413
687
1,556 2,002
236
38
22
163
13
Loss Ratio '
.23
.18
.17
.15
.22
.22
.21
.I0
.2O
.15
.22
.28
.20
.19
.19
.18
.16
.35
.16
.16
.25
.17
.14
.18
.18
.14
.26
.16
� 28
.27
.21
.32
.28
.51
.32
.Z3
.23
.46
.36
.37
.21
.33
.33
.36
.24
.40
.27
.32
.19
.31
.17
.25
.17
� 28
.28
.30
.13
.28
.30
.30
.17
.08
.27
.19
.77
7O
FCU/'66
TABI_E 16.--LOANS MADE AND LOANS CHARGED OFF AND RECOVERED, IN OPERATING FEDERAL CREDIT UNIONS, FROM DATE OF ORGANIZATION
Type-of-membership
Number
of
Federal
Credit
Unions
THROUGH DECEMBER 31, 1966, BY TYPE OF MEMBERSHIP
(Amounts in thousands)
Loans from date of organization through December 31, 1966
II,941
I, 848
142
368
749
474
115
Total . [
.......... .-"
ASSOCIATIONAL GROUPS - TOTAL ....
Cooperatives ........................
Fraternal and professional ..............
Religious ........................
Labor unions ......................
Other associational groups .............
OCCUPATIONAL GROUPS - TOTAL .... g, 840 71,
Agriculture ....................... 39
Mining .......................... 60
Contract construction ................. 30
Manufacturing ..................... 41 573 34, Food and kindred products ........... 470 2, 254, Textile mill prod. and ooparel ......... 204 I, 265, Lumber a•dwood products ............ 178 707, Paper and allied products ............ 305 2, 471, Printing and publishing ............. 250 982, Chemicals and allied products ......... 362 2, 512, Petroleum refining ................. 285 2, 827, Rubber and plastics products ......... 13 l 628, Leather and leather products ..........
53 147, Stone, clay, and glass products ........ 239 1, 567, Primary metal industries .......
, ...... 378 3, 9C0,
Fabricated metal products ............ 393 1, 73 1, Machinery, incl. electrical ........... 772 5, 375, 717
Transportation equipment ............ 349 6, 2521791 Motor vehicles and equipment ........ 230 2, 537, 543
Aircraft and parts ................ 86 3, 366, 971
Instruments "•. .................... 84 848,930
Other manufacturing ............... 120 8 C 2, 979
Transportation, communicatic•, and utilities.. 1, 058 8, 7031598 Railroad transportation .............. 281 2, 371, 653
Bus transportation ............... . . 1•2 1, 319, 187
Motor freight transportation' .......... 128 652, 198
Air transportation ................. 38 561, 102
Other transportation ................ 25 90,72 1
Communications .................. 20A 2, 373,094
Telephone ..................... 173 2, 290, 46g
Utilities ....................... 225 1,335,643
Wholesale and retail trade .............. 55 i 4, 366, 736
Finance, insurance, real estate .......... 126 459, 369
Services ......................... 1, 513 4, 298, 127
Hotels and other lodging places ........ 47 187, 207
Personal servi cos ................. 31 1 C 2, 7 N 4
Miscellaneous business services ....... 68 375,021 Medical, other health services ......... 338 471, 269
Hospitals ..................... 527 457, 60g
Educational services ............... 918 2, 803, 899
Elem. and secondary schools ......... 79 L 2, 239, 292
Colleges and universities ........... I [9 543, 822
Other services ................... 1 ! 1 358,027
Government ....................... 1, 884
Federal government ................ 98Q
Civilian ...................... 656
Military ....................... 324
State and other government ........... 904
Other occupational groups .............. 6 2, 8 g 3
RESIDENTIAL GROUPS - TOTAL ...... 253
Urba• community .................... 85
Rural community .................... I•8
Total loans made Loans charged off Less
ratio •
Number Amount Gross Amount Recoveries Net Amount
75, 979, 757 $ 43,077,687 •$ I'2l 1867 $21,752 •$I00,115 .23
3, 430,230
559,469
611,728
962,027
1,085,499
211,507
973,755
332,079
214,968
150,349
279,404
2,432,475
485,839
6191579
643,631
540,932
142,4g4
40,197,373
221,223
125,137
84,564.
18,589,013
I0,886
2,04.8
2,089
3,155
2,902
691
109,24.5
205
4-53
[50
49,172
2,272
335
363
738
680
156
8,614
1,713
1,726
214.17
2,223
535
.35
.35
.28
.38
.41
.38
19,193 90,051 .22
137
4.00
118
39,94.4. 805
469
043
522
813
557
923
855
943
785
958
305
1,200,377
411,641
325,488
1,360,359
594,737
1,581,949
1,635,196
440,630
56,074
743,686
1,961,643
764,146
3 ,695
I ,I 94
1,401
2,145
1,413
2,582
3 ,261 I ,268
161
2 ,017
4,432
2,845
2,955,491
3,855,326
1,778,201
9,025 II ,470
6 ,267
68
53
3I
3,091
989
1,199
1,822
1,164.
2,151
2,733
996
I39
1,598
3,451
2,289
7,125
9,4.04
51044 1,931,914
433,781
2681489
5,348,948
1,327,557
640,645
414,376
345,413
63,844
1,734.,500
1,698,390
822,613
1,758,939
278,797
2,844,543
48,010
24.,275
258,683
179,183
172,707
2,138,616
1,795,886
332,800
195,777
4,837
1,270
994
13,949
4,464
2 ,028 i ,309
860
183
3,460
3,342
I ,644
7,528
719
7,193
265
I00
892
790
769
4,552
3,665
846
594
9,229
Ig, 166,232
13,615, i16
5,468, 278
8, 146, 838
5, 551, 116
575,772
161,816
413,956
IC,945,303
7,158,663
3,023,708
4,134,955
3,786,640
g05
447,839
115,373
332,466
29,874
23,289
8,703
14,586
6,584
1,737
467
I ,270
604
204
202
323
249
431
528
272
23
419
981
556
1,900
2,066
1,223
770 4.,066 255 1,014 215 779
,733 11,216 985 3,479 448 1,580 187 1,123 124 736
35 148
650 2,810 621 2,721
304 1,339
,170 6,358 121 598
,Iil 6,083 51 214
10 90
124 768
III 679
110 659
717 39835 608 3,057
I01 745
98 497
4,678
3,725
I ,668
2,056
954
25,195
19,565
7,035
12,530
5,631
1,450
389
1,060
287
78
209
.06
.32
.14
.21
.26
.24
.37
.13
.20
.14
.17
.23
.25
.21
.18
.30
.24
°24
.28
.21
.23
.29
.21
.26
.25
.27
.21
°23
.16
.16
.16
.36
.21
.21
.45
.37
.30
.38
.38
.18
.17
.22
.25
.23
.27
.23
.30
.15
.27
.32
.34
.32
Net amount of loons Charged off as percent of total loans made since organization
Professional, scientific, a•d controlling instrumee•ts; p•otegrop;nic and optical goods; w•tches a=nd clocks.
tncluding warehousing,
71
TABLE 17.--MEMBERSHIP AND PAID EMPLOYMENT IN FEDERAL CREDIT UNIONS, BY REGION AND STATE,
DECEMBER 31, 1966
Region and State
No. of
Federal
Credit
Unions
Total ........... 11,941
New England .................... •73
Connecticut ................... 3 I 6
Maine ....................... 152
Massachusetts ................. 335
New Hampshire ................. 34 Rhode Island
.................. z•, 4
Vermont ..................... 2
Mideast ........................ 3,123
Delaware ..................... 66
District of Columbia ............. 172
Maryland ..................... 175 New Jersey ................... 403 New York
..................... 1,02q
Pennsylvania .................. [ , 188
Southeast ...................... 2 , 103
Alabama ..................... 208
Arkansas .................
. .... 73 Florida
...................... 295 Georgia ..................... 224 KentuCky ..................... I 01 Louisiana
.................... 354
Mississippi ................... 136 North Carolina
................. o 7 South Carolina
................. 97
Tennessee .................... 1 g 0
Virginia ..................... 208 West Virginia .................. 150
Great Lakes ..................... I , •.92
Illinois ..................... 358
Indiana ...................... 461
Michi gan ..................... 37 9 Ohio
........................ 6 b 1 Wisconsin
.................... 3
Plains ........................ 4Of;
Iowa ....................... 6.
Kansas ...................... 74
Minnesota .................... 54
Missouri ..................... 50 Nebraska ..................... gp North Dakota
.................. 33 South Dakota
.................. 103
Rocky Mountain .................. 482
Colorado ..................... 160
Idaho ....................... 60 Montana
..................... 105 Utah
........................ 98 Wyoming ..................... 59
Southwest ...................... 1•176
Ari zona ...................... [ 03 New Mexlco.. ................. 68 Oklahoma .................... 151 Texas ....................... 874
Far West ....................... 1,832
Alaska ...................... 36 Califomia ......... • .......... I ,185 Hawaii ...................... 167 Nevada ......................
b 8 Oregon ...................... 201 Washington ................... 175
Other areas .....................
Canal Zone ................... 7 Guam
....................... 3 Puerlo Rico
................... 39 Virgin )zlonds ................. 3
I,
11
Member•hip Paid Employment
Actual Pat•tial
9,271,967 16,647,848
610,100 1,088,921
•73,549 3•1,679
101,43R 211,178
Ig5,Sel 403,023
29,C86 47,475
9,C06 43,915
1,460 1,648
2,304,104 4,598,070
47,C33 g3,325
380,343 824,777
160,C84 302,706
315,474 609,972
704,358 1,524,33b
606,812 I,252,954
1,500,743 2,740,235
154,547 220,125 37,C25 57,531
306,768 549,151
167,155 281,642
50,•3] 133,404
]Q0,186 390,037
79,624 127,391
64,508 I•5,426
87,271 135,884
142,541 204,275
177,434 3e6,481
62,753 108,890
1,520,C70 ?,625,691
175,787 377,87!
317,800 504,169 566,314 8•9,445
459,471 887,48U
i,198 1,726
765,•93 547,464
6,C96 8,232
74,649 150,486
27,513 122,607 31,•60 51,g28
67,887 120,278
Ih,492 30,785 41,C96 83,145
293,866 486,624
170,589 193,181 39,877 70,733
•1,670 107,639 45,7b0 72,504
26,870 42,567
g07,225 1,508,50•
II0,I05 180,960
60,104 107,407 94,755 150,691
656,761 1,069,44b
823,q!0 2,975,272
39,g91 56,872
309,746 21188,23• 159,647 213,904
4g,C•9 91,599
127,232 215,29• 138,235 209,36•
46,356 77,067
14,844 24,700
7,892 15,700
21,985 30,667
1,637 6,000
Full41me Part-tlme
I0,$26 13,054
671 1,231
335 455
121 167
179 541
28 35
6 30
2 3
2,169 3,680
44 S4
575 264
105 194
226 650
545 I1078
584 1,410
1,789 1,987
172 220
•7 64
425 262
190 106
54 qO
211 340
79 146
•�0 61
87 93
168 199
201 192
75 124
1,7R2 2,137
149 339
34H 505
7•0 522
604 767
[ 4
Z96 470
7 9
•9 S9
•0 46
34 $4
75 112
23 44
38 I16
350 552
170 lgO
49 65
58 125
47 I00
26 72
1,30g 1,086
211 g8
•.8 70
139 118
87! 800
2,4•7 1,849
61 31
I,•06 1,133
214 193
72 76
147 213
1K7 203
73 62
28 21
i 0 3
34 34
1 4
72
TABLE\18.--MEMBERSHIP AND PAID EMPLOYMENT IN FEDERAL CREDIT UN'IONS, BY TYPE OF MEMBERSHIP,
DECEMBER 31, 1966
FCU/'66
Number of
Federal Type-of-membership Credit
Unions
[l,e41 Total ..............
ASSOCIATIONAL GROUPS - TOTAL .....
Cooperatives ....................... 142
Fraternal and professional .............. 36 R
Religious ......................... 74q
Labor unions ....................... 474
Other associational groups .............. 1 l 5
OCCUPATIONAL GROUPS - TOTAL .... 9, 84?
Agriculture ........................ 39
Mining ........................... 60
Contract construction .................. 3:•
Manufacturing ...................... 4, 57
Membership
Actual Potential
g,271,967 16,647,848
I, 848 ,976, 104 3,035,220
12C,4!I
14g, 630
317,63m
•73, 7".,7
57, 726
•,261,2R5
25,643
37, I•i
[ 3, 276
3, %13, 34•
332,954
311,880
1,077,695
794,222
518,469
13,n70,251
32,632
48,980
161080
4,q82,327
Paid Employment
Full-time Part-time
I0,926 13,054
731 1,645
152 133
138 396
176 812
169 350
96 44
10,051 11,170
20 53
28 75
16 24
3,916 5,044
Food and kindred products ............ 47 r
Textile mill prod. and apparel .......... 2 ] 4
Lumber and wood products ............ 17 S
Paper and allied products ............. 3 :• 5
Printing and publishing .............. 25°
Chemicals and allied products .......... 3F,?__
Petroleum refining .................. 2'35
Rubber and plastics products .......... I 31
Leather and leather products ........... 53
Stone, cloy, and glass products ......... 239
Primary metal industries .............. 37•
Fabricated metal products ............. 3 q 3
Machinery, incl. electrical ............ 772
Transportation equipment ............. "•4q
Motor vehicles and equipment ......... 2 •C
Aircraft and parts ................. 'q&
instruments = ......................
•4
Other manufacturing ................ l 2>
Transportation, communication, and utilities... I,CSH
Railroad transportation ...............
• •t 1
Bus transportation ..................
! 52
Motor freight transportation z
........... I •-8
Air transportation ..................
3•,
Other transportation ................. 2 5
Communications ................... 2•' ;•
Telephone ......................
I 7
Utilities ........................
226
Wholesale and retail trade ............... 551
Finance, insurance, reaJ estate ........... 126
Services ........................ I, 51 •,
Hotels and other lodging places ......... 47
Personal services .................. • 1
Miscellaneous business services ........ 6
Medical, other health services .......... 27.•
Hospital s ......................
3 _27
Educational services ................
Q l t•
Elem. and secondary schools .......... 791
Colleges and universities ............ ! lq
Other services ....................
l l 1
I93,962
q5,6•5
66,673
176,263
IITI,675
245, P73
2(:g,3R6
91,A31
132,1•6
334,2•I
156,1•3
625,5•q
813,C42
409,•79
•65,665
q0,623
64,961
852,315
21•,326
R2,•70
73,2•6
66,qqq
g,345
P58,276
248,47B
147,063
327,3q2
57,1q4
7qi,899
12,443
5,139
50,CSg
G4,644
92,3•5
5•7,•46
q•l,q¢4
41,618
268,984
149,852
98,743
218,023
137,280
347,535
253,i•5
125,078
28,557
176,566
516,732
246,599
981,516
1,214,953
617,320
538,097
116,381
102,383
1,14•,394
288,630
115,386
103,359
84,621
12,925
346,glb
B32,967
IRS,SbO
S22,437
94,314
1,408,671
24,989
8,174
74,4•0
2CI,477
196,483
1,033,173
828,7q1
198,527
66,3G8
195
105
84
244
98
270
266
98
I0
125
400
140
653
1,059
531
1n4
65
1,094
272
78
94
93
6
412
407
139
404
51
817
16
6
62
b4
62
623
506
118
41
526
147
176
541
290
410
329
142
54
238
4-63
413
8S2
436
BOl
98
97
129
I ,331 385
2,77
124
31
29
256
218
29g
&b8
I01
I ,467
35
26
57
258
249
I ,C 16
@66
145
75
Government ........................ I, R84 2, 753,462 4,823,516
Federal government .................
q•:? •, i?1,67• 3,86•3,22n
Civilian ....................... •-5• •,6, 5•.• I,C47,727
Military ........................ ?24 1, 4•5,," •5 2,•15,493
State and other government ............
o 54 6 • 1 , 799 960, 296
� , ,_, (Z
Other occupationa) groups ...............
A {• 3 • 1 , .r" ]
RESIDENTIAL GROUPS- TOTAL ....... 253 134, £73
Urban community ..................... • 5 42 � 5 q
Rural community ..................... 15- H el, q•q
•Professional, scientific, and controlling instruments; photographic and optical goods; watches and
qncluding warehousing.
542,377
2q2,022
250,355
clacks.
3,795
2,944
•I0
2,134 761
144
3T
lOT
2,605
1,511
1,046
465
1,9•4
239
85
154
73
TABLE }9.--FEDERAL CREDIT UNION CHARTERS ISSUED, CANCELED, AND OUTSTANDING, BY REGION AND STATE, DECEMBER 31, 1965 AND DECEMBER 31, 196o
Charters of Federal credit unions
Region and
State
Issued
Total, all areas ....... 17,157
Total, 50 States & D.C. 17.074
New England ................. 1,216
Connecticut ..............
469
Maine ....................
201
Massachusetts ............
452
Nhw }•mpshire ............ 44
Rhode Island .............
43
Vermont ..................
7
Mideast ..................... 41703
Delaware .................
79
District of Columbia ..... 256
Maryland ................. 234
New Jersey ............... 740
New York ................. 1,738
Pennsylvania ............. 1,656
Southeast ................... .
2•946
Alabama ..................
267
Arkansas ................. 102
Florida ..................
407
Georgia .................. 302
Kentucky ................. 126
Louisiana ................ 510
Mississippi .............. 169
North Carolina ........... 94
South Carolina ........... 148
Tennessee ................ 323
Virginia ................. 290
West Virginia ............ 208
Great Lakes ................. •
2,698
Illinois .................
496
Indiana ..................
618
Michigan ................. 615
Ohio .....................
960
Wisconsin ................
9
Plains ...................... •
617
Iowa .....................
K•nsas ...................
Minnesota ................
Missouri .................
Nebraska .................
North Dakota .............
South Dakota .............
Rocky Mountain ..............
Colorado .................
Idaho ....................
Montana ..................
Utah .....................
Wyoming ..................
Southwest ...................
Arizona ..................
New Mexico ...............
Oklahoma .................
Texas ....................
Far West ....................
Alaska ...................
California ...............
£1awail ...................
Nevada ...................
Oregon ...................
Washington_ ..............
Other areas .................
Canal Zone ...............
Guam .....................
Puerto Rico ..............
Vir in Islands •=
8
116
87
78
115 64
149
681
217
89
161
131
83
11678
129
85
182
1,282
2,535
43
1,669 213
79
280
251
83
7
6
63
7
As of Dec. 31• 1965
Net
transfers Canceled
..... 5,179
..... 5.150
..... 341
-I 144 ..... 55
..... 114
..... 7
I 16
..... 5
-8 11578
17
---:; 70
5 66
2 244
-3 706
-4 475
3 880
-i 61
1 32
..... 124
-i 82
1 30
-3 147
-I 40
-i 29
2 61
-2 121
7 92
I 61
-2 790
-I 116
-i 170
..... 211
..... 287
..... 6
1 197
..... 2
..... 38
..... 31
..... 29
2 23
..... 31
-I 43
-3 180
-i 58
..... 29
-2 46
I 27
-I 20
7 505
..... 27
..... 22
..... 44
7 412
2 679
..... 8
..... 476
..... 42
..... ii
i 73
1 69
..... 29
..... 3
..... 22
..... 4
l/ Adjusted to reflect transfers during 1966:
and Pennsylvania to New Jersey.
Out-
standing
11,978 11.924
875
324
146
338
37
28
2
3•I17
62 178
173
498
1,029
1,177
2,069
2O5
71
283
219
97
360
128 64
89
2OO
2O5
148
1,906
379
447
4O4
673
3
421
6
78
56
49
94
33
105
498
158
60
113
105
62
1,180
102
63
138
877
1,858
35
1,193 171
68
2O8
183
54
Issued
701
700
5O
7
9
24
2
8
171
6
4
15
21
54
71
170
14
8
30
2O
i0
2O
16 5
15
3
19
i0
.I12
46
38
3
25
22
2
4
I
5
I0
12
8
2
I
I
66
Durin•
I0
9
4
43
97
2
80
2
4
3
6
Canceled
318
316
21
9
1
2
55
5
9
22
16
49
5
7
I0
2
4
5
6
I
58
14
7
19
18
21
3
1
4
3
I0
2
6
35
7
2
4
22
69
1
48
4
2
4
iO
2
Outstanding
Total !/
12,361 12.308
905
323
153
355
38
34
2
3,231
67
179
183
511
1,059
1,232
2,191
214
77
307
232
107
370
142
69
I00
198
218
157
1,960
411
478
388
68O
3
422
6
77
59
5O
9O
35
105
5O2
164
62
113
I00
63
It212
106
7O
138
898
1,885
36
1,225 169
69
207
179
53
as of Dec.
Held by inactive
credit
unions
42O
419
7
1
2O
4
108
I
7
8
18
30
44
88
6 4
12
8
6
16
6
2
3
8
I0
7
68
23
17
9
19
14
3
5
2
2
2
20
4
2
8
2
4
36
3
2
7
24
53
31, 1966
Held by
operating credit
unions
11,941 11.889
873
316
152 335
34
34
2
3•123
66
172
175
493
1,029
1,188
2,103
2O8 73
295
224
I01
354
136 67
97
190
208
150
11892
388
461
379
661
3
408
6
74
54
50
88
33
103
482
160
60
105
98
59
1,176
103
68
131
874
i•832
36
1,185 167
68
201
175
i each from District of
7
3
41
3
olumbla to penns
I
1966
7
3
40
3
40
2
i
6
4
1
-FZ
52
7
3
39
3
•Ivanla, Nevada to Arizona, New York to Connecticut, New York to Florida,
74
FCU/°66
TABLE 20.--FEDERAL CREDIT UNION CHARTERS ISSUED, CANCELED, AND OUTSTANDING, BY TYPE OF MEMBERSHIP, DECEMBER 31, 1965 AND DECEMBER 31, 1966
Type of membership Issued
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 ..................
Lumber and wood products ...............
Paper and allied products ..............
Printing and publishing ................
Chemicals and allied products ..........
Petroleum refining .....................
Rubber and plastics products ...........
Leather and leather products ...........
Stone, clay, and glass products ........
Primary metal industries ...............
Fabricated metal products ..............
Machinery, including electrical ........
Transportation equipment ...............
Motor vehicles and equipment .........
Aircraft and parts ...................
Instruments • .........................
Other manufacturing industries .........
Transportation, communication, and
utilities ..............................
Railroad transportation ................
Bus transportation ...........
37 ........
Motor freight transportation --" ........
Air transportation .....................
Other transportation ...................
Communications .........................
Telephone ............................
Utilities ..............................
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 ......
llospitals ............................
Educational services ...................
Elementary and secondary schools .....
Colleges and universities ............
Other services .........................
Government ..................................
Federal government .....................
Civilian .............................
Military .............................
State and other government .............
17p157
2,977
293
693
1,028 893
70
13_737
42b
319
385
331
445
466
167
87
296
516
610
1,094 581
384
152
121
156
1,443 408
240
189
61
35
238
191
272
861
190
I•905 144
84
91
341
329
1,091 937
146
154
2,399 1,381
936
Charters of Federal credit unions
As of Dec. 1965
1 Net Out- 1
transfers Canceled standing . Issued
ii•978
1,856
153
378
755
510
6O
9.872
] I 5•179
-9 i 1,112
i 136
I 301
1 273
382
2O
3.867
3
15
18
2,141 265
222
125
74
8O
91
171
38
31
52
151
-Ii 209
-6 318
3 229
-7 142
5 68
2 38
I0 47
4 371
2 114
-6 79
2 61
-i 24
i Ii
i 30
.... 17
5 52
5 300
-i 60
-9 438
.... 92
i 5O
-2 19
-5 24
-6 23
-I 206
-4 171
i 31
-2 47
6 514
1 379
-I 274
i 701
172
� 4
20
i 55
i 36
i 57
1
!: 501
191 i0
310 16
250 12
356 23
294 4
131 ii
55 4
245 ii
370 22
390 28
770 57
355 19
235 8
89 6
85 3
119 8
1,076 25
296 2
155 5
130 i0
36 2
25 i
209 i
174 i
225 4
566 31
129 4
1,458 120
52 2
35 ---
7O 5
312 42
300 41
884 56
762 47
116 6
105 15
1,891 61
1,003 13
661 g
445
1,018
Other occupational groups ................... i
ii
RESIDENTIAL GROUPS - TOTAL ............. i 443
I
Urban con•unity ............................. 131
Rural con•unity ............................. 312
I05
135
i .
7 !
7 1 200 I i °°I 6 140
Canceled Total •/
318 12•361
76 1,952
5 151
12 383
23 784
33 513
3 121
235 10,137
of Dec. 1966
Held by J Heldby inactive operating credit J credit
unions unions
420 ii•941
104 1,848
9 142
15 368
35 749
39 474
6 115
297 9,840
39
60
3O
4,573 470
206
178
305
250
362
285
131
53
239
378
393
772
349
230
86
84
120
1,058 281
152
128
38
25
208
173
226
551
126
1,513 47
31
68
338 327
918
791
119
III
1,884 980
656
324
904
4,739 166
488 18
212 8
193 15
316 Ii
257 7
369 7
290 5
138 7
59 6
248 9
390 12
407 14
8O2 30
360 ii
236 6
89 3
2 86 2
3 124 4
0 1,083 25
9 289 8
2 158 6
3 138 I0
- - 38 ---
1 25 ---
2 208 ---
2 173 ---
3 227 I
5 571 20
3 130 4
24 1,555 42
3 51 4
i 34 3
3 72 4
3 350 12
3 338 ii
12 930 12
9 802 ii
2 120 1
2 llg 7
31 1,920 36
17 997 17
6 664 g
333 342 5 ii 9
888 48 14 923 19
5 i 1 --- 6 ---
72 1 21 J 3 l 90 l 5
178 I 7 I 182 I 14
I/ Adjusted to reflect changes in type-of-membership classifications during 1966.
•/ Professional, scientific, and controlling instruments; photographic and optical goods; watches and clocks.
•/ Including warehousing.
253
85
168
278-919 ()-67- t 75
TABLE 21.--NUMBER OF SHARE ACCOUNTS BY SIZE, BY REGION AHD STATE, DECEMBER 31, 1966
Re�ion cnd Stale Total 5500
or [ess
6,988,440
437,9!0
5501-
51,000
823,938
65,008
Size o|shore accounts
$1,001- 52,500
I,OO2,197 Total ..............
! •', )71,°67
New Engl•d .................. : .... :;lu' •'20
Connecticut ......................
; ? 3 � 5 c 9
Maine ..........................
,J'. ,43>.
Now N•p•ire .................... zg, C ;3b
Rhode Istcnd .....................
9,006
Ve•t ........................
:. ,450
Midcost ...........................
_", =84, "C4
47,0•3
L63,2•4
134,•5S
5q•,o12
:,•30,743
134,247
3%035
•35,'69
:t7,:55
%0,q21
•4,•03
97,•71 "47,•4•
58,753
:,52?,¢:70
IS9,ZgR
75,151
],09h
i,7A6,•Oc
56,725
I:0,375
510,99• 5Zb,9I?
30,409
9,023 22,369
2,257 T89
146
3,•73
31,B8S
12,341
25,264
73,497
70,45?
iI0,166
v7,3:&
%7,49&
12,91• 72,99&
2,9•1
ic4
27&,6•6
Delaware ........................
Dist*•ct el Columblo ................
Ne• Jersey ......................
New York ........................
P•nsylv•io .....................
Southeosl .........................
Alabama ........................
Ark•sa• ........................
Florida .........................
K•tucky ........................
Laviai•a .......................
Mississippi ......................
North Corol•,• ....................
South Corolino ....................
T•nesseo .......................
Virginia ........................
West Virginia .....................
Great Lakes ........................
Illinois ........................ • 75,211
Indiana ......................... 317,-•0C
Michigan ....................... -co•, •3 g
Ohio ........................... 4•,•71
Wisconsin ....................... % t ! 9
Plolns ........................... T65 t •97
K•sos ......................... 7•,649
Minnesota ....................... { 7 • r: • 3
•l,;O0 M]ssou,; ........................
.-7,4•7 Nebra*ka ........................
North Ookota ..................... ! !, ,
• 9
South Ookoto ..................... 4• .09•,
Rocky Mountain ..................... : )! ,
• •o
Cole,ado ........................ : : •
' = ? 9
Idaho ..........................
5:), •7"•
M•tono ........................ •i ,,-7 7t
Utah ........................... • •
, 7-. 0
Wyoming ........................ : • *973
S• uthwest ......................... h• 7, -: 5
Atiz•a ......................... .I-.1 Lr'. =
New Mexico ......................
• C', ; g'*
O•l•homo ....................... o&
, ? :
Fo, Was! .......................... :,•'•,9%0
Alosko ......................... •9,99•.
Ca]ifomlo ....................... i 3 '-: •'c;*" 7' 5
Hawaii ..........................
.=9,':47
Nevoc• ......................... 49,C•9
Oregon ......................... , ; ::7,17:?
Washington ...................... • 7" •, 235
Othe, o,•s ........................ •.5, • 56
Gu• .......................... 7,69•
Puerto Rico ...................... 2 • , q n a
Virgin lslmd$ .................... ! t 6 : ?
i05,•71
2•,15%
2&),?05
134,o'33
40,•72
•:,501
55,9•q
71,927
:O6,96•
135,9•? 227,!:9:
4•I,734 350,',45
q•o
110,9)0
N,Lq[
5•,h£?
51,24•
•3,USJ
37,7•
9%E5•
40,<•5
3•,0!9
4(,,37•
77,iq•
?9,219
3!,342
979,97•
10%:23
34,61÷
57,6•3
g,•37
3,•99
11,448
11,267
4,324
7,!8B 4,159
5,847 11,009
t0,739 4,8OO
134,893
14,332 76,901
E?,849
40,7•9
02
•0,777
9•9
5,608
y,9E5 •,%55
5,5•6
1,136
3,07&
3L,953
8,876
3,•33
4,409
1,993
7•,%17
9,443 R,254
6,71W
54,9Z7
•56,596
2,3•9
114,965
17,459
l•,lq5
4,5}t
4,549
39,2&6
'£,I•4 •2,46•
•:,779
7;,4•4
147,6&0
I•,50)
4,•91
29,4•I
?I,33 •
•,•37
4,•0•
•3,4!7
7O,r•
4=,572
17c
i?,0"5
•,0•[
"•,OqT
:F,TnO
9,517
E,?G5
•,597
11,Gi.•
7,034 If,&77
•0,8:'9
207,!•G
52,501- S5,001- 510,001 55,000 510,000 end over
3•0,489 i :.2,9•- 23,941
21,785 h,•Z4 1,255
11,246 •.,O_=O 1,002 3,4!6 P49 82
, •04 I, 59• 142
976 30'I 29
104 •F .......
7.9 ! • .......
•-, 167 74, I 3• 4,491
1,330 463 9• 12,E51 4,79 • 913
4,•75 •,349 ?69
9,255 3,4a8 e61
25,968 •,0•2 1,173
•0,-'_90 6,936 1,183
4•,845 't,474 3,190
4,1•8
932
9,550
•,7i9
i,Z?!
2,5a4
•,791
I,$76
6,158 4,9•?
1,820
12,5•I
15,435 4R
•,75•
3•0
2,965
647
940
2,:28 520
•,726
9,7•5
4,&24
1,616
I,=IE
9•4
34,24 °
4,!93
5,1cg
2,940
23,9•6
71,450
1,20!
4q,=iG
6,3E4
!,97Z •,6L2
f,71]
923
2,?G:
;if
4,C65
1,7C5
319
2,519
v?C
•79
{36
2,5??
1,3•0 7•6
20,IG;
•,l&?
7,•67 5,70 •
;!
3,1Z9
1,012
363
9•C
117
3,979
Z,&CE
39�
39•
1,5•0
5a7
I,?E7
7,007
7810•9
977
20,IC4
3,776
741
:,•2= 1,990
297
27 978
577
55
313
51
II0
133
530
195
154
4,851
NOTE: Fat p•rcentage dist•ibuti• of number of s•ro o•:c•nts, s• Table 33
LZ,OO:
7,1�9 16,9"•4
},/a6
3&
•t944
•c,2'!
!•,0':9
3,00:
i,OCX
177
� ,:•5
L•
457
1,213
1,775
l,&05
l
612
17
188
9
1"4 206
2'3
45
654
282
tO9
89
152
22
2,124
464
122
207
1,331
6,736
229
4,878
752 ?0Z
240
435
38
791 i;4 10
4•C !•3 26 o Z ........
76
TABLE 22.--AMOUNT OF SHARES, BY SIZE, BY REGION AND STATE, DECEMBER 31, 1966
(in thousands)
FCU/'66
Region and State
Total .......... :...
New Engl•d .................... . . .
C•nnoctlcul ................... ...
Maine ....................... ...
Massachusetts ................. ...
New H•pshlro ................. .,.
Rhode Is[an4 .................. . . .
Ve•t ........................
Total $5OO
orless
•53,9• 1 54,3•0
•36,070 38)1!9 =2,9•Z 7,75E
96,346 !•,935
i•,462 2,13•
•,40q 675
732 i6G
lb9,780
20,Z42 3,S•
.37,•05 12,242
7Z,•3% !2,390
:65,L5• 22,952
:5a,!91 •Z,•JO
719,•4 1i0,3!5
Size of share accounts
$501- $1,001- $2,501- $5,001- $10,001 $1,000 $2.500 $5,000 $10,000 m'ld over
$•,929 $11690tO4q 1.I )0•0,364 $7•8,4l• $614,122
42,7.•,3 !71,139 ?3,606 4•,425 17,248
30,387 T9,300 "•9,7a9 "5,364 i4,151
6,795 70,63; I0,9,21 5,7".3 1,130 13,207 • • ,6• 3 la, 733 i0, !6• 1,602
1,663 4,9•.4 3,391 •,921 366
555 1,332 •SO 156 ........
•0o •'•9 1-.32 94 .........
i•8,893 370,408 .':41,339 !=•,3Z8 E7,671
2,467 6,509 4,006 -'_, 6£5 99•
!9,64• 5Z, 8".0 42,938 •8,149 iI,qi9
5,139 74,•52 •.5,071 q,9•? 3,59•
17,546 •0,9•i E[,290 23,•09 lO,ISO
45,400 i• i,830 31,q54 4q,737 16,064
•5,48• 113,335 58,079 •2,•S5 14,949
76,885 23C,74. •32,562 •C7,73E 41,64Z
Mideost ........................ --- i !,15•,•:•5
District of Co[umbla ............. ...
Moryl•d ........................
N•w J•rsey ................... ..,
New Yo•k ........................
P•nsylv•ia .....................
South•st ...................... , . .
Alabama ..................... . . .
Atk•nsos ........................
Florld• ...................... �.,
K•tucky. .................... . ..
Lou•slana .................... ,,
Misslslippi ......................
North CaroJina ....................
South Carolina ....................
T•.cssee .................... ...
Virginia ..................... ...
West Virginia .................. ..,
Great L•k©s ..................... ,..
Illinois ..................... ...
Indian• ...................... ...
Michigan .......................
Ohio ...........................
W• scons•n ......................
Pl•ns ........................ ...
Iow• ..........................
Minnesota .................... . . .
Missou6 ..................... ,..
NeS•ska ........................
North Dakot• .....................
South Oakot• .....................
Rocky Mountain .....................
Colorado ..................... . . .
Idaho ..........................
•ontona ........................
UIah ...........................
Wyoming ........................
Southwest .........................
Arizona .........................
N•w Mexico ................... ...
Oklahoma .......................
Texas ..........................
•7,7•Z
91.F?3
•3,4•2
)3,966
13,371 •J,£:4
•3,•65
•4A,049
744.763
.•,37ff
%,391
1;,0•9
i•,974
2v,•42
7,300
7J,•33
21,9°6
2a,•99
[m,050
•4,3G0
4•,736
9,•32
2,5•i
11,579
11,737 3,777
&,750
4,930 6,•02
•4,039
133,9•6
13,3G0
57,1;• 37,341
75
18,C6£
49•
1,o24
2,720 3,q17
i,!07
21,92•
9,913 3,091
3,LI• 4,17!
1,6•9
64,955
9,227 3,707 0,022
47,000
6,433
2,322
15,354 7,893
2,944 12o0•6
5,941
2,767 4,222
7,930
7,•qO 3,474
91,103
q,Sq6
36,a90
26,&19 44
I&,613
471
3,957
1,655 1,616
3,867
2,•34
!•,47&
6,211
•,403 2,269
3,07•
30,755
5,46&
3,790
4,%=S
16,A•5
b,939
7,003
•4,697 12,116
7,14•
•4,309 ?•,&O0
o,934
2•9,4!9
?0,374
<•,O&i
I'1,5>i
17,6•4 4,5qi
4,7:93
17,92•
2,691• 7,2 %%
?c,,%13
•,777
W,2L6
S,L4•
3,879
IF9,104
"i,523
12,074
17,092 iOd,413
13,165
2,92]
32,143 16,496
Z,49• •%,927
7,65•
4,656
6,0•
20,•36
IT,072
c,09•
;5,472
&2,!77
•0,447
54,C•0
•N,g•4
1,!27
9,43b
2,•.44
3,038
7,323
1,719
4,270
3•,791
14,4•4
4,•79 3,•76
4,559
•04,E50
!3,544
!I,FI4 9,770
%1,767 :,3q2
P•,277
•I,59! ],533
!0,757 4,3•1
3,071 4,00q
15,865
i%,8•4
6,!49
5?,739 %P,4•f,
56,909
•,072
7•i
6,619
957
?,362
37•
3,103
•0,272
9,!2[
2,6R3
3,36?
2,!•2
+7,4•0
10,233
7,302
•,iS3
Far West .......................... i ! ,•74,190
Alaska ......................... •3 ,44• Collfomlo ....................... "/ • ] . 590
Hawaii ...................... .., ,. • 4, CC a
Nevad• ......................... ? •,C60
Washington ................... � -, , q ? � 3 • 3
Other o,e•s ........................ t : [, :,•' 5
Gu• .................... 5h4 Puerto Rico ................... .,
Virgin Islands ...................
9 '
±00
•, 79
•26,02£
9,055
65,24•
12,34! 2,8•0
•,375
4,2t7
q•
!03,651
1,7•Z
71,265
12,93C
2,7o5
6,37•
8,050
3,0•i
i76
!,927 2;
333,356
=,2o3
27n,493
40,6:7
q,45:)
?q,743
•7,7<1
1,439
4 .7
",4 •3
•39,3!9
2,@79
22,<3•
3,475
19,762
•,507
7•
!,523
2•
2,74]
?0,839
•,ii?
l,-O4
' 6?
l;
NOTE: Far percentage distrlbufion o(emoun) of shares, see Table 34
3,886
343
12,386 5,423
491
3,996 568
1,340
1,849
7,215
2,069 2,075
60,•03
6,073 15,738
21,932
16)q4E 12
B,041
229
2,•04
107
1,438
2,970
302
9o)16
4,199 1,3•5 1,169
2,071
293
28,T02
6,?77 1,611
2,•70
17,943
90,5•0
1,759
6•,765 8,qo0
2,•69
3,140
5,487
!25
20
734
77
TABLE 23.-NUMBER OF SHARE ACCOUNTS BY SIZE. BY TYPE OF MEMBERSHIP. DECEMBER 31. 19•
Type of membership
Total ....
ASSOCIATIONAL GROUPS - TOTAL .....
C•perofives .......................
Fratomol •d professional ..............
Religious .........................
L obor unions .......................
Other assocla•i•ol" group= ..............
OCCUPATIONAL GROUPS - TOTAL .....
Agdcuhurv ........................
Mining ...........................
Contract construction ..................
Manufacturing ......................
Food •d kindred products ...........
Textile mill prod. and apparel .........
Lamber =dw•d products ............
Paper end allied products ............
Prlnling and publishing .............
Chemlcols and aHiad producl= .........
PelroJeum refining ..................
Rubber and plastics products ...........
Leo•her and leather products ..........
Stone, cloy. and gloss products ........
Primnry m•nl ;nA,,•tri.• ..........
Fabricated melal products ............
Mochlner,/, incl. electrical ...........
Tr on spa,,orlon equipment ............
Motor vehicles and equipment ........
Aircraft and ports ................
, .......... , ..................... i i
Other manufaclurlng ...............
Transportotlon. communication, and ufillties... !
Railroad transportation ...............
Bus Iron sponolion ...................
Motor freight tr•sportotlon 2
..........
Air transportallon ..................
Other tronspor t orion .................
Communications ...................
Teleph•© ......................
"Total
9,271,967
876,104
120,&11
149,630
317,630
230,707
57,?26
8,261,285
23*643
30,131
13,276
3,613,340
193,062
95,645 66,673
176,263
101,675
245,873
209,336
$5OO
or less
89,901
111,533
265,558 193,427
48,995
6,176,181
12.233
23.133
9t131
2.490.732
141,060
76.252 50,506
121,942
74,025
175,114
149,5•6
$501-
$I,000
823,838
56,863
8,573
11,943 18•505
15,686
2,356
756,374
3,244
2,705
1.381
351,341
18.231 81504
6.620
20.324
9,684
23,509
18,449 91,631
17,087
132o156 33•.201
156,133 625,599
813,042 409,379
365,665
90,023
66,861
850,315
213,326 g2,070
73,236 66,999
9,345
258,276
248,678
67•352 8,396
14,43• 1,262 9•9,865 11,566
157,431 35,07& 119,158 13,630 670,623 59,071 583,259 9B,210
304,259 62,072 249,033 53,096
59,946 13,604 50,219 5,607
61•v196 85,300 151,452 20,367
58,157 7,605 52,502 9,052
•4,570 10,302 6,418 1,035
195,026 24,015 187,336 23,193
Size of Share accounts
$I,001- $2,500
1.002.1•7
84.922
16,144
19.306
26.325
18,109 5.038
903.382
S2,501- $5,000
320.489
18,168
6.167
6.567
5,465
2.885
lt104
29•.613
$5,001-.
$10,000
112,982
5,698
1.324
1,841 1.520
623
190
106.224
SlO.OOl end over
23.941
1,218
303
431 270
173
22,411
5.2•6 2.193 3.337 690
1.768 635
378.922 132.930 23.214 7,4e8
8,025 2,064 6,585 2,155
21,394 9,106 13t4•0 3,82B 30,4•0 11,504 27,615 9,523 10,650 3,590
1,123 230
12t969 6,86g 41,105 I•,002 16,282 5,302 65,02? 21,966 83,360 31,701 44,370 13,263 35,849 17,336 10,761 3,969
6,932 1,633
1044723 32,917 31,532 7,87U 12,064 3,169
8,328 2,437 7,376 2,910 1,300 382
25,062 9,226
24,077 8,973
618 108 229
37 289 71
48,625 lO,TA•e 2,591 475
711 88
663 1•3 2,921 568
838 52 6,481
825 3,515
6g• 1,258 388
33 6
2,452 428 5,515 1,151 1,515
243 7,343 1,565
12,736 3,773 6,388 1,02• ?,816 2,538 1,627 312
628 43
11,005 2,161 1,892
206 959
116 779 136
1,626 217 176
36 3,813 1,130 3,776 1,123
UTililies ........................ 147,063 106,071 12,926
Wholesale and r.tail trade ............... 327,392 25•1077 2 B, 006 Finance, insurance, real estate ........... 57,194 4•., 61'•. 4,421 Se,•ices
.......................... 791,899 598,238 68,522 Haiti= and olher lodging places ......... 12,•43 lO, 197. 1,258 Pet =anal services ................... 5,189 4,385 618 Miscellaneous business services ........ 50.059 33.206 7t003 Medical, other hearth s•rvlces .......... 96,644 81, &68 6,337
Hospitals ...................... 921325 7'9,609 6,156 Educational services ................ 5871946 437.511 691873 Elem. and secondary schools .......... 491,006 357,614 39,626 College $ and unlver slti•s ............ 103t312 71,122 91957
Othefservlces .................... 41,618 31e521 3•633
Oovemmenl ........................ 2,753,•.62 I 2,127,265 211,403
Fede,ol go•emmenl ................. 2,121,673 1,679,798 139,217 Civilian
....................... 666,588 504.268 54,327 Mililary ........................ 1.&55.085 lv175,550 8•.1890 Slole and olher govcmmenl ............ 631 t 789 4471467 72 , • •6
Other occupollonal groups ............... I 633 532 51
RESIDENTIAL GROUPS - TOTAL ....... 136,57• 104,851 10,601
Urban communJ t•/ ................... 42,589 33,668 3,129 Ru,Ûl ...... ity ................... iZl 91,989 71,183 7,672
'P,o(ess;onol. scion,lilt, a.d cant oll ng inst•m•Ts; photographic •d optical good•; watches •d clocks. =Including warehousing.
19,061
30.431
5,196
85,669 818 •93
5•662
5,•56
5,256 68•663
57.963
10,•23 4.77•
2•B.Q60 210,336
78,016 132.320
77.724
40
6,915
10,fl87
1,892 27,495
156
B5
2,976 1,115
1•057 21,975
17,954
3,958
1,188
I 88,969
64,695
22.600 42,095 26.276
131843 3.708
•.411 997
9.432 2.711
NOTE: For percentage dlstrlbu ion o number.of shore accounts, see Table 35
1,762
3,285 849
9.837
11
8
970
235
212
B,204
61635
1,545 409
31,483
23,261
6,345
16,916
8.222
1,260
330
930
32•
696
231
2.0T9 2
2,0 32
32
1,719
1,412 307
86
6,283
4,360 1,0•6
3,31•
1,923
1
312
53
78
TABLE 24.-Ak{OUNT OF SHARES. BY SIZE. BY TYPE OF MEMBERSHIP. DECEMBER 31. 1966
(M thousands)
FCU/'66
Type of membership
Total ..............
ASSOCIATIONAL GROUPS - TOTAL .....
=oop•rafives .......................
=rot,real c•nd professional ...............
:•eligioul .........................
-abet units ........................
•ther assoclat[onol groups ..............
OCCUPATIONAL GROUPS - TOTAL .....
•.gdcultuee ........................
Aining ...........................
•ntTact ¢•st•cfi• ..................
dmufacturing .., ...................
Food •d kindred products ............
Textile mill prod. •d appall ..........
Lumber •d w•d products ............
Paper m'ld alHed products .............
Printing and pub]ishlng .............. i
Chemicals and allied products ...........
Petrol•m refining ...................
Rubber end plQstics products ..........
Leo,her •d leather products ........... .
Stone, cloy, and g•Qss products .........
Primary metal industries ..............
Fobric•ed metal products .............
Machinery, incl. electricaE ............
Tra• sportation equipment .............
Motor vehicles and equipment .........
Aircraft and pans .................
Institutes I ......................
Other manufacturing ................
l*ronsportotlon, communlcotlon, end utilities...
Railroad transportation ...............
Bus transportation ..................
Motor freight transportotlon •
...........
A•e rr•sporfotlon ..................
Other tronsportaHon .................
Communications ...................
Telephone ......................
Utilities ........................
Nholesale end retell trade ...............
Finance, insurance, real estate ...........
•a•ices ..........................
Hotels end other lodging places .........
Per sane] services ..................
Miscellaneous business services ........
Medical, other heohh services ..........
Hospitals ......................
EducoHono[ services ................
Elem. end secondary schoots ..........
Co[leges and universities ............
Other services ....................
•'overnmen t ........................
Federal go,emmet .................
Civliion .......................
MHho•y ........................
SlaTe and olher government ............
O•her occupational groups ...............
RESIDENTIAL GROUPS - TOTAL .......
Urban community .....................
Rural community .....................
Total
Size o| shore accounts
SS00
or less
$/•, 9•t*, 033 $704,169
5501-
$I,000
$536.929
$t,001- $2,500
$1,600,0&9
52,501- $5,000
$1,060,36&
5si001- 510,000
$721114.18
$10,001 and over
$316,122
341,850 53,547 37,832 137,860 60,095 36,•23 17,093
67.361 6.721 5,981 27;•20 13,905 leT91 4,52• 82.5•7 9,702 8,0&O 30,798 151583 128686 5,738
102,•14 18.175 12,360 •1,1•9 17•51• 9t•91 3,6•5 71.718 16.255 9.751 29,382 9,5•8 •1198 2t58• 18,831 2,595 1.701 9•130 3,5•5 1•258 602
� 1539,579 662,356 •92,522 1,•39,87• 988,651 683e570 292,600
2,060
2,516 1,282
305.569
16,647
9,213 6•896
1•,983
81647
23,262
8,519 1,411
10,196 31.771
1•.380
5•,71•
79,79• 67.887
26.101 6.376
7,245
70,964 16.840
8,573 8.991
5.529
8•0
20,875
20.015 11.317
27.•91
•.073 56*008
1.2•7
•63
3.746
7.791 7.600
3g.•z1
33,105
6,052 3.340
172.387
128t•52
•0.680
87.772
•3.g35
25
7,256
2,317
21102
•63,•02
25,525
61930 7,1•6
291380
12,70•
60,351 32,•8
11,966 7•9
16,73•
•7,326
17,923 74,31•
101.925
121•39
5,623
111,8•2
25,5•1 10,090
8.•65
9,831
1,271 31,662
30,786 2•,975
35,665
6,•01 g2,969
&58
202
10,176 3,627
3,#33
74,•20
b1,84• 12•365
•,085
286,69•
206.036
7•,127
131,q08
80,658
8,155
5,Z76
2,775
600,&31 37,•81 12.652
10,908
33.790
21,857 •8,527
66,•25
17 •57'6
1,7•I 20,630
66126• 26,23•
102,722
12•,131
68,209
56,299
15,901 10,612
166156•
50,177
19,389 13,•90
11,018 2,0•6
39•737
38,026
30,687
•fl,572
8,327
1,206
8,881 8,•17
8,107
113,119
g6,•8• 16,185
7,870
•59,831
333,T•g 126,885
206.89•
126,052
23
•,058
1,665
1,953
318,•17
17•057 &t9•2
3,657
29•260
23,526
8t5•8
186
16,382
33,765 lOtO12
•9,006
80e924
2•1395 51e319
I0,5•I
2•903
73,72q 12,•97
5,91• •,969
10,997 1,159
261335
26,058
11,857
21,671
5,780 6•,•85
72
•6
6,657
I,•98
1,355
53,•13 63,534
9,722
2,798
I92•008
I•2,239 •I,575
I00,66•
•9,769
2,200
1,958 932
228.153
13,069
6,020 3,583
13,799
61926
16,937
1Z,982 5,928
869
7,831
28,8•2
9,690 391•92
58,793 27,9•1
261619
6,783
3,611
56,717
•6,562
5,336
S,SlO
5,019 717
151616
1•,996 g,658
19,298
3,112 •6,075
887
3O2
3,610
•,350 •,223
3•,2•7
•8,652
5,•00 2,679
13•,062 91,495
33,8?3
57,622
•2,567
2•,925
13,992 9.963
2.038.076
116,265
•0,896 32.872
119.067
56.333
168,949
135,831
55,97• 5.033
77,69•
220,196
81,416 341.1•9
•99.6•0
223,4•9
25•,335 56,203
30,557
508.823
122,120 50.851
•1,393
45.335 6.390
150,089
[•5,653 gZ.6A5
161.595
30,889 •27.654
3,897
1.•62 361569
26.050
15.0•3
337.71• 232.760
53*676
21.961
1.313,587 956,1•1 330.9•3
•25.218
367.•6
74 5
61 ,&03 8,2•,6 8,575 22,311 11,619 8,N2• 6, •.2 g
3,323 8,295
6,828
15,•85.
17,769
43,83•
21560 5.686
2,145 6.279
2.220
•,355
1,196 660
919
162t124
68685
1,138 1,876
7,6?3 761
10.612
8,936
3.•39
77
51921
1512•9 3riTe
20,900
51,17• 11,521
36,592 •1162
563
29,027
2,503 1,5•9
1,668
2,9•2 35O
15,86•
15,771 •,151
8,899
3,196 Z811"/•
27
3,498
366
366
23,093
191141 3,952
11189
78,60•
5•1160 13,783
•0,357
3
695
3*734
'Professionol, sclen•ific, end cootrolHn• ;nst•m•ts; photographic •nd op col goods; watches and clocks.
:including warehousing.
NOTE: For percentage dlstr•bufion of amount of shores, see Table 36
79
TABLE 25.--FEDERAL CREDIT UNION OPERATIONS, BY ASSET SIZE, DECEMBER 31, 1966
(Amounts in thousands}
Item Total
1tuber op,.oting Dec, 31, 1966 ......... ) i t 94 l
Jmbors: Actual ................... ],,•71.•r7 Potential .................. I.• 1667,h4•
lid Employees: Full time ............. I 079 •"
Part time ............. i •, C ';,,4
,tel as•ets ...................... 5, t':;. t 9al
Loans to members ................. . •. v32.tt 9A3
Less than
$I0,000
!,C67
q7,792
g•5,671
34
1•2
4,94•
•,313
510,000- $24,999
I,):2
I•9,P4•
572,•7•
76
14,3P• Cash
.........................
U.S, Government obligations .........
Savings and loon shores .............
Loons to olh•r credit unions ..........
Federal agency securities ............
Other assets ............... '
.....
•tal liabilities and capital ............
Notes payable ....................
Accls. payable and other ]iab .........
Shares ........................
Regular reserve ..................
Speclal reserve for del. loans .........
Other reserves L
.................
Undlvided eamlngs )
................
ass income, total ..................
Interest on loans ..................
Income from investments ............
Olher income ....................
,tel expenses .....................
Salaries .......................
Borrowers' protection insurance ........
Life savings insurance .............
League dues ....................
Surety bond premiums ..............
Exam. and superv, fee: ............
Interest on borrowed money ...........
Cost of space occupied .............
Educational expenses ..............
OH•er expenses ...................
vldends paid or payable: June 30, 1966-Number ..............
Amount ..............
Dec. 31, 1966-Number ..............
Amount ..............
tal dividends on 1966 shares ..........
crest refisnd:
Number paying Dec. 31, 1966 ..........
Amount paid during 1966 .............
ans made during 1966:
68q,i'•]
II:,GI •
5],•!L
4,•Lq
41,•47
3,5•5
172,6•I
7b,•L)
L•,dbq
3,1P•
2,1C?
5,2•4
3,20l
•,•t•
=•,3G9
I7%,0:':
18,405
1,299
21
2Pl
11
%,945
q•
•,547
•23
3•
246
I0
9•
239
bo
14
19
12
la
?
11
3
1
265
4G
45
3,?15
7•
•,7•
•51
1•,6A5
66•
L7,31•
6q•
1.
7sC
79
127
7•
240
7c
•O
65
2•
ll
lq?
C,b
1,%
911
'•LL
6?V
3c
Number .......................... ",2•7,12! Amount ........................ • =, 5C 1, C/'I
arts outstondlng Dec. 31, 1966:
Curren¢ -Number ................ , 4,75 ;, 6nO
Amount ................ , •,,13Jt675
Delinquent-Number ................ 2 J 3, "3 •" 7
Amount ................ 1•3,?f7
ans f(om organization
through Dec. 31, 1966:
Loans made -Number .......... '. 1"•,'•79,7• 7
Amount ........... 4. • ,077,687 Loans charged of•-Gross amt .......... I ? l, 86 7
Recoveries ......... 21,7•'2 Net amount ......... 1 '3•,, 1 |
•,320
70,2q•
?,91•
•,33A
3q•
127,27•
25,812
134
17
116
SC,rS#
T4,3•
32,45•
l•,Cq?
7,405
1,307
713,5a9
[36
IReservo for contingencies and specic[ reserve for losses. •Before poymenl of year-end dividend.
:Loss than $500.
*Includes loans less than 2 months delinquent.
$25,000- 5100,000-
549,999 $249,999
l,?>•
� "
•(., c, 3v
IC3
I,C,•
57, r,r-•
! -..',
,,5
•M
4•,jr3
7,C•3
:?
.:,2 .7
•,C23
:',7 1
2"3
;?
I,E'??
ZJ'J
C?
•i,•
•Z
1,214
!,-' :7
31
ic,771
ll,5n$
j,!77
., 2•5,.• 70
35•,77L•
1,6¢Q
1,41•
550,000-
599,999
1,75G
A•t,75( •
,0,7,597
l,TqO
I• 1,342
q7,i•C
13,75•
i a, I A O
64?
IIC,3•2
310
]cO
=,06 •,
•C,507
S,6SI
6g6
12")
•,510
1,604
5ql
574
2ZC
27•
I-)?
I07
i 2n2
35a
L , 70C,
3,70"•
,050
27E
164
2:E,591
1�C,229
ll•,91a
91,240
17,•37
Z,716,052
1,073,155
4,30a
716
3,5g3
9•9,7!•
6J7
3,•ic
41!',6C•
j4,4S e
•,01•
4,4•?
•CI
2,12!
iI,I•)
l,Gi!
21,•IZ
77F
•,677
31,5•7.
?,977
14,33a
$250,000- $499,999
1,5S3
1,059,105
1,552,1•4
g78
2,•77
S':1,0•7
412,13g
37,7c•
4,6•2
•4,615
7,q73
27h
3,5o9
12,770
2,4•e
4•7,436
•u,338
626
[,469
76,001
4•,699
&0,966
4,461
27•
16,558
7,636
$500,000-
5999,999
1,178
1,347,169
2,274,2•d
1,640
1,73D
934,00•
621,542
46,345
t3,165
129,477
13,205
1,015
7,258
834,00o
17,445
4,64•
723,76S
a7,2•5
609
2,918
37,399
67,236
5o,605
7,265
36o
26,192
[0,97•
$1,000,000- $1,999,999
7•3
,i,529,27a 2,3•7,606
2,134
1,0•7
1,324,757
784,515
51,639
12,313
141,405
20,486
2,460
1,024,757
22,94q
4,8•fi
889,508
58,398
B6q
4,218
43,937
83,091
74,024
8,645
422
32,168
13,277
1,9• • ?,521
1,7•Y 2,060
bg5 78•
317 365
695 740
52 • 611
2•9 351
iS • 242
2,393 3,244
6C• 44•
1,•C7 •,827
2,•q e 1,565
3,722 4,610
2,650 3,074
qld 84?
425 371
q• 900
779 999
475 556
377 572
4,951 6,966
440 321
5,661 •,150
1,I?6 729
12,7•4
ln,SC?
878
673,67a
4J?,7C!
302,7L:
•q,3ca
15,c•7
7,33°,2C9
3,350,01 c
12,93 v
2,2C•
IC,7Z&
17,145
19,•72
504
1, 636
68ff,9•1
•&•,h•6
5C4,623
4C4,847
3G,837
17,292
G,4•dv086
1•,225
•,666
II,559
24,89•
30,583
432
2,713
932,314
805,797
683,333
600,161
33,519
21,381
13,743,715
6,793,270
•0,474
3,999
16,476
29,747
37,897
277
•,746
L,052,088
1,020,683
807,164
760,753
33,917
23,762
13,745,623
8,302,453
21,552
4,128
17,424
$2,000,000- $4,999,999
453
1,876,532
2.697,7o8
2,772
684
i* 1,370,690
1,08[,043
58,874
33,436
167,216
33, 399
7,565
19,157
,370,690
24,850
8,131
1,199,355
77,028
824
6,082
54,439
110,636
98,330
11,576
7)0
40,437
16,424
5,782
3,489
929
299
928
•,097
745
980
9,793
267
15,278
483J
36,980
52,758
163
4,686
1,316,554
1,297,674
1,054,008
1,024,290
36,310
26,753
15,560,124
10,056,985
26,245
4•617
21,629
$5,000,00Q and over
).32
1•569,63• 2,303.,247
2,376
257
1,258,697
973,361
49,563
57,614
86,224
35,696
3q,944
16,295
1,258,697
20,335
11,668
i,I05,571
69,).52
58)
6,058
45,320
98,501
87,068
I0,542
891
33,836
14,239
4,370
2,445
573
123
560
957
687
869
9,03.4
qO
).6,218
132
32,143
48,361
44
4,546
I,I06,694
1,176,284
928,281
955,889
24,844
17,473
11,907,212
8,514,814
).9,616
3,013
16,602
TABLE 26 SELECTED RATIOS AND AVERAGES PERTAINING TO FEDERAL CREDIT UNION OPERATIONS, BY ASSET SIZE, DECEMBER 31 1966
item
Ratio (percent) of:
TotaJ expenses to gross income .........
Total salaries to gross income ..........
Delinq. loans to total (amount} ..........
Loons outstanding to shores ...........
Loons outstanding to assets ...........
Total reserves to shores..." ...........
Total reserves to loons outs ...........
Total reserves to delinquent loans .......
Actual to potential membership ........
Tote[
37.:)
15.5
3.1
87.5
70. 3
6.g
7.8
254.3
55.7
Average: Assets par credit union ..............
4 7q ,746
Membership per credit union ........... 776
Less than
$10,000
65.8
23.0
ll.g
72.9
67.0
3.6
4.g
41.3
10.1
4,635 o2
$10,000- $24,999
49.1
I6.O
9.1
B3.1
73.2
q.8
5.8
63.5
27.b
16,92 / ,
137
$25,000- $49,999
"*5.3
15.1
7.6
88.0
76.5
5.3
6.I
79.4
35.0
36,735 Id3
$50,000- $99,999
42.9
15.3 6.1
88.1
76.3
5.8
6.6
108.0 40.8
72,439 238
•:•ares per member ..................
Size of loans made during 1966 .........
Loans outstanding Dec. 31, 1966 ........
ReJotlve to nati'nal average:
Avg. assets per credit union ...........
Avg. memb. per credit union ......... . .
Avg. shores per member ..............
Avg. size of loan during 1966 ..........
Avg. loons out. Dec. 31, 1966 ..........
Expenses as percent of torah
"Total expenses ...................
Total salaries ..................
Borrowers' protection insurance ........
Life savings insurance ..............
League dues ...................
Surety bond premiums ...............
Exam. and superv, foes .............
Interest on borrowed money ...........
Cost of space occupied .............
Educational expenses ..............
Other expenses ..................
Loss ratlo I ......................
53 "t
•0
867
I00
i00
100
163
lOC
100.0
40.9
13.8
9.5
3.0
1.2
3.0
3.0
1.9
1.9
21.8
.?3
47
171
140
9
IO
16
i00.0
34 .g
6.2
7.8
3.4
5.3
6.6
1.5
4.7
1.3
28.3
.45
109
269
18
20
31
28
100.0
32.6
lO.d
11.9
4.4
4.0
8.6
3.1
2.7
1.4
20.9
.45
175
398
368
8
24
33
42
lOO .O
33.3
12.2
12.6
.=.0
1.8
8.4
3.7
2.8
1.4
17.8
.38
264
522
5O8
15
31
5O
59
59
100.0
35.6
13.1
12.7
5.0
2.4
6.I
4.0
2.4
1.5
17.2
.33
LNet amount of loons charged off as percent of total loans made since, organization
$100,000- $249,999
41.3
15.9
5.C
87.7
76.2
6.3
7.1
141.7
51.1
165,065 382
375
694
674
35
4q
70
79
i00.0
38.6
13.7 12.1
4.q
2.2
4.8
3.6
2.0
1.4
16.7
,32
$250,000- $500,000- $1,000,000- $2,000,000- $5,000,000
$499,999 $999,999 $1,999,999 $4,999,999 and over
40.6 16.7
4.1
86.6
75.2
6.7
7.7
187.6
57.2
354,414 669
460
793
788
75
86
86
90
ol
I00.0
41.1
13.6
11.I
4.2
2.0
k.O
3.3
l.g
1.3
17.5
.26
39.0
16.3
3.4
85.9
74.5
7.0
8.2
237.4
59.2
707,986
38.7
16.0
3.0
88.2
76.6
7.1
8.1
267.1
64.9
I ,398,031
36.5
14.8 2.5
87.6
76.7
7.0
8.0
313.7
69.6
3,025,807
1,144 537
865
867
149
147
101
98
I00
100.0
41.9
14.2 I0.1
3.5
1.6
3.5
3.0
l.B
1.4
18.9
.24
2,086 4,142
582 639
970 986
933 964
294 637
269 534
I09 120
II0 112
108 111
I00.0 I00.0
41.3 40.6
14.3 14.3
9.6 8.6
2.6 2.3
1.2 .7
2.8 2.3
3.1 2.7
1.7 1.8
1.8 2.4
21.7 24.2
.21 .22
34.4
14.5
1.8 88.0
77.3
6.9
7.8
433.8
68.2
9,535,584 II,890
704
1,063
1,021
2,009 1,532
132
121
118
lO0.O
42.1
12.9
7.2
1.7
.4
1.7
2.8
2.0 2.6
26.6
.19
co
9
C
oC o',
o
o.
* * * . I* * , , * � � I, * , , * I, � � * , . I , , * * � * , , I* * * , , , I* * � * * * , , * � * , , I, , * ' � , * I * * * * * * � I* '
r"
g
-t
Z
Z
C•
0
r-
-t
m
m
TABLE 28.--SELECTED AVERAGES PERTAINING TO FEDERAL CREDIT UNION OPERATIONS, BY REGION AND STATE, 1966
FCU/'66
Region and State
Total ...........
Mew Engl•d ....................
Connecticut ...................
Maine .......................
Massachusetts .................
New H•pshire .................
Rhode Island ..................
Vermont .....................
Mideast ........................
D=laware .....................
District of Columbia .............
Maryt•d .....................
New Jersey. ..................
New York .....................
Penn sylv•ia ..................
Southeast ......................
Alabama .....................
Ark•sas .....................
Florida ......................
G•rgia .....................
K•tucky .....................
Louisiana ....................
M•sslsslppi ...................
North Carolina .................
South CcroHna .................
T•nessee ....................
Virglnio .....................
West Virglnia ..................
Great Lakes .....................
Illinois .....................
Indiana ......................
Michigan .....................
Ohio ........................
Wisconsin ....................
Plains ........................
iowa .......................
K•sos ......................
Minnesota ....................
Missouri .....................
Nebraska .....................
North Dakota ..................
South Dakota ..................
Rocky Mountain ..................
Colorado .....................
Idaho .......................
Montana .....................
Utah ........................
Wyoming .....................
Southwest ......................
Arizona ......................
New Mexico ...................
Oklahoma ....................
T0xas .......................
Far West .......................
Alaska ......................
Califomla ....................
Howell ......................
Nevada .............. : .......
Oregon ......................
Wcshlng•on ...................
Other areas .....................
C•a• Zone ...................
Guam .......................
Puerto Rico ...................
Virgin Islands .................
Average Assets
Per Credit Union
Relative to
Amount National
Average
$474,74• 100
66•,416 140
399,6!5 64
314,14C 67
475,362 lf•O
113,32• 24
46•,C•6 93
417,1• •F
35•,q7• 75
1,26•,q•l 26 •
671,•4• 9Q
3C•,1•'9 77
3q:.,C•4 R6
•!l,15q 70
37•,734 79
2:;c,174 5•
3'•=.,•!l £3
27I,•:O1 •7
•lc,371 67
775,564 50
3!•q,8C2 83
5•,7r•. 115
421,•16 8q
24C,8;'• 5?
S;b,F•7 1]i
741,•77 5?
2%•,•.71 50
7•,•7. l•n
?•C,Sg=) •9
36•,:�0 77
47".,?75 1¢C'
?':i,4#,l S •
5C,,2(7 10•
4?5,77" 90
2•:•.,�72 5#,
?qg,lqO 62
?';L',5;7 5o
q7/,1;7 99
573,• 131
4?e,C•6 9?
7",!,3f ¸: IS•
•1,•7• tO•
3'-•,2,5 75
=•,•;!• 114
36•,7•.1 77
•4•,5:7 !77
57•,•4 122
Average Membership Average Shares
Per Credit Union Per Member
Relative to
Number Natlonal
Average
77• [CO
699 9•
667 •
•Sz, 7 •
•::,3 L1'3
265 36
730 9q
7•8 q'-,
7!.• £l
bgo 8?
685 8:
5•7 7•
71e• g2
6•7 8>
501 69
I,O•C 1•
74c %•.
504 •5
5 •,7 6 °
5• 75
96• 124
90• 116
7•qO g7
8q3 110
•. ld 5•
80• LC
452 •
689 6c:
!,CIc 131
t ,OOq I 3'.
.= lo 6e
•37 £:
771 S5
T 05 •
6IU 7•,
£1"a LC4
667 cO
457 59
77i q'
1,121 14•
l,l!l t4'
oz.6 12•
7P[ S
u 3 • h ;
7 :% IC :
2,12t 27:
;,631 3;%
Relative to
Amount National
Average
IOC
lOO
128
9•
92
93
71
97
92
BI
93
8•
9•
9•
9C
$533
579
660
522
g8P
6q7
B7O
515
4c•2
43C'
406
653
4Q4
509
686
503
465
498
600
379
4ZO
372
3•2
633
620
50•
571
606
eOz.
611
53•
637
5•6
720
600
6O?,
501
549
6 b£
4o7
543
476
•47
54C
612
St5
510
5•0
S•t6
575
777
552
!>05
5q•',
•4S
96
83
92
8•
71
96
7g
75
72
Ilg
tO7
91
Ill
ICC
10C
10C
t35
tic
7•:
9 q
103
9
lOS
102
tO•
tOZ
10 z
9c.
10 •
97
"3?
IIi
l 1C
tl2
h7
S 5
Average Size of Loans
Made During 1966
Relative to
Amount National
Average
$880 tO0
836 95
898 102
898 102
725 82
774 8E
604 69
66• 75
851 97
765 85
964 i10
781 89
759 86
895 102
822 93
771 88
805 91
8 10 92
7ql gO
805 0I
715 81
827 94
666 73
634 72
507 68
8q2 97
736 84
800 91
Or{3 ll2
7R3 80
046 lot'
l ,l 51 131
8•1 101
1,126 12•
95• 108
9•3 [06
l,Oq2 124
Big 93
6S3 74
984 112
730 83
L ,I00 125
081 L i 1
l ,004 114
99t it3
8S7 07
1,0%1 117
968 110
R92 100
980 112
I ,070 122
946 [0•
840 q5
9•,• 107
9g,q 109
9t]O 10•
t ,214 138
9nO l I l
9•4 108
974 1 ] 1
5•8 61
461 52
49• 56
606 69
556 6 I
Average SizeofLoans Out-
standing as of Dec. 31, 196•
Relativeto
Amount National
Average
$867 tO0
811 g4
872 LOt
903 104
695 80
758 87
534 62
723 83
821 95
728 84
875 lOt
756 87
722 83
863 97
835 96
749 86
807 93
750 87
769 89
700 81
685 7q
813 g4
686 79
608 70
614 71
856 99
6R8 79
865 100
1,006 It6
853 98
872 101
1,19£ 138
9•4 [87
1,167 13•
1,000 115
1,034 119
1,177 136 861 q9
768 89
978 113
880 101
1,030 119
1,024 it8
1,024 118
1,096 126
977 i•
1,026 118
997 115
8•{3 I02
992 114
957 [10 946 109
848 98
898 104
927 107
85• Og
1,167 155
944 109
897 lO•
1,0ti lt9
5,;4 63
630 50
370 43
66• 77
39£ 46
83
TABLE 29.--SELECTED RATIOS PERTAINING TO FEDERAL CREDIT UNION OPERATIONS, BY TYPE OF MEMBERSHIP, 1966
•ount of
Totai Tota i • llnquen t Tot a 1
Type-of-membershlp Expenses Sa laries Loans to LoanB Loans Reserves
to Gross to Gross Total Loans OuCetandtng Outstanding To
Inc•e Inc•,me Outscandlng to Shares to Assets Shares
•7.q 18.• 3.• 37,5 76.3 6.9 i
ASSOCIATIONAL CROUPS • •. • l 8.6 6. 5 86. 7 75.4 b. 6
Coop •3.• 15. 4.2 l•l.O 86.7 6.2 Fraternal and 3•.9 I•°2 7.2 79.9 7'3.5 7.7
", •'. 4 15.• 9.2 76.2 •6.9 6.5 Labor •. 1 l•. 5 7. S 93.3 q•.5 3.8
Other associational • 2.8 2 l ° 5 •. 7 56 � 7 8 l .C 6 .O
OCCUPATIONAL CROUPS - • 7.4 i <
� 5 •. ,q 87.6 7 •. 4 6 � g
Ag ?7. I 9., 7. 2 55.5 52 .C 8 .•
42.0 16.2 4.1 52.5 78.6 7.4 Contract
3•. • l 3.4 I. 4 90.7 7• .9 6. l
•.6 14.4 •.8 •3.1 72.4 7.2
Food end kindred •.6 14.• 3.4 8n.q ?].5 7.•
Textile mill prod. and 37.6 15.c 2.8 77.5 •7.8 6.7
Lumber and •ood 47.• 16.? 4.] 87.q 76.q 6°Z
Paper and allLed •7. l [ 3.5 2 � 6 Hq. 5 76. • 8 � 2
Printing and publishing ? 7.4 16. ! 3.4 •4. n 73 � 6 7.4
Chemicals and allied 32.5 13. • . 2.2 3•.6 7• .2 7.q
Petroleum •3.4 14.P 2. 7 •3.7 72.• 9.3
Rubber and plas tics 36. I I • � • 3 � • 82.1 72.2 7.
I•athcr and leacher 44. q I •. 7 5. • 84. I 72.0 5.9
SCone, clay, and glass 33.5 12.8 3.9 79.2 68.2 7.4
Priory metal •,.C I?.8 3.3 RI.6 7,)*9 7.8
Fabricated metal 38. q I 5 � 7 3.6 74.6 65.5 7. I
Machinery, incl. 37.2 14,8 2.9 81.I 70.9 6.6
Transportation 37.9 15.C 2.1 85.8 77.3 6.4
Motor vehiclea and 44.4 18.2 3.0 c6.4 ,ql.5 6.4
Aircraft and 3• � I 14.7 l � 0 •3.6 74.4 6.6
Instrumenc• • •5.• 15.5 3.2 71.8 63.5 6.3
Ocher •.3 15.6 3.6 73.6 64.1 6.7
Transportation, c•unicatton, and
3•. e, 15.1 2.6 •2.9 79.2 7.9 Railroad 41.I 15.6 4.8 83.7 72.5 8.1 Bus 4?.O 15.7 5. 7 52.7 78.7 9.0 Motor freight •ransportatlon 2/ ............. •9.7 15.n 2.9 57.3 83.5 6.2 Air 34.3 tS.l l.O Rq.q 79.1 6.2 Other 2g.n 9.4 3.4 73.3 65.3 8.2
41.I 15.£ 1.3 IC6.O 87.3 8.3
•1.2 15.q 1.2 I'.'6.6 37.6 q.4
•2 .C I 3.2 2.5 84.4 73.2 8 � [
Wholesale and retail •6. v 16.2 5. l 85.6 ?4.9 6.7 Finance, ins., real
27.7 ir .4 I. 7 87.6 77.•: 7.2
•. I 14.8 3.3 57.9 77.7 5 .• Hotels and other lodging •,•.3 •2.3 5.0 75.9 67.4 5.5 Rersonal
•-',. 7 16.3 5.7 83.4 72 .C 6.9 Htscellaneoua busines•
3?. 3 I 3. ? 2. 6 84.5 76.5 5.4 Medical, o•her heal•h
I q. • 3.6 85.2 77.5 3.8 R°sl lq.4 3.6 85.2 77.4 3.7
6.1
•4.8
44.7 Educational
•5.6 14.•. 3.4 •9.0 75 .4 Elementary and seconda*ry • 5. 7 I 4.2 3.6 88. g 77. O 6.3 Colleges and
•. I I 5. 5 2. 6 q3. O 51.4 4.9 Other
•.8 16.3 2.4 82.£ 7•.5 6.3
3£.7
55.i
17.4 2.6 52.9 81.6 6.3 Federal 18.• 2.6 e,2.9 82.1 5.3
3£.9 1•. l 4.0 93.0 8].0 6.7
•9.? •.4 1.9 °3.9 8•.I 5.4
State and other ? ? � • 15 � l 2.. 5 •3 � 0 80.4 7 � 6
OCher occupettonal --
•5.4 I•. ? 9.1 144. q 75.8 5. )
RESIDENTIAL GROUPS --
• I � 6 15 � • 6 � 6 84.6 74.6 6.4
Urban 44.9 |6.•
Rural 4r .4 I •.A
i_/ Professional, scientific, and controlling instruments; phocographlc
2/ Including warehousing.
5.2 79.6 7D.4 5.7
7.1 86.7 7•.3 6.7
and optical goods; watches and clocks
Total
Reserves
to Loans
Oucstandlng
7.8
7,6
6.1
9.6
8.6
6.3
6.3
7.Q
14.q
7.9
6.8
8.6
9.¢
8.7
7.1
q.2
8.8
9.7
ll.l
8.5
7."
9.4
9.6
9.4
B°!
7.2
6.6
7.•
8.•
9.2
8.5
9.7
9.7
6.4
6.q
IO.4
7.•
7.8
q.6
7.9
8.3
6.7
7.3
8.3
6.4
4.4
4.4
6.9
7.1
5.5
7.6
6.8
6.3
7.4
5.7
8.1
3.4
7.6
7.1
7.8
Total
Reserves to
Delinquent Loans
254.3
lll.•
I•7.1
154.6
it4.0
79.9
109.3
2n5.1
679.8
195.0
488.4
309.1
268.2
513.6
176.1
350.i
257.2
449.4
415.4
•78.6
130,4
244.0
290.5
260.0
277.2
342.1
219.9
765.5
277.8
253.0
324.9
202.4
263.0
216.3
703.8
309.6
606.5
643.3
380.8
253.5
488.4
200.7
148.6
144.8
249.6
123.8
121.4
198.9
197.4
212.0
323*9
265.2
242°3
182.8
308.8
327.0
37.7
115.2
[36.R
109.3
Actual to
Potential
Membershi•
55.7
2'8.9
36.2
48.0
29.5
29.0
ll.l
63.2
72.5
61.6
82.6
68.5
71.8
6•. 8
67.5
8{3.8
74.1
70.7
82.7
73.3
50.8
74.
64. 7
63.3
65.7
66.9
66.3
68.0
77.4
63.4
74.6
73. Q
71.1
70.9
79.2
72.3
74.4
74.6
78.0
62.7
60.6
56.2
4q. 8
63.5
67.2
47.0
47.0
56.9
58.0
52.0
62.7
57. l
54.9
63.6
51.7
65.8
63.3
24. R
14.6
36.7
84
TABLE 30.--SELECTED AVERAGES PERTAINING TO FEDERAL CREDIT UNION OPERATIONS, BY TYPE OF MEMBERSHIP, 1966
FCU/'66
Average Assets
Per Credit Un£oa
Type -of -•embershi p Amount
Total .............. p74, 746
ASSOCIATIONAL GROUPS - TOTAL- .... 2 i 3, 325
Cooperative. .......................... 552,485
Fraternal and professional ............ 254, 385
Re llgio•s ............................. I35. 612
Labor unions .......................... 175, 365
Other assoclatldnal groups ............ __i•o 4•q
OCCLr•ATIONAL GROUPS - TOTAL ..... 528, Q44
Agriculture .......................... 7"41, 203
Mining ................................ 27�, 682
Contract construction ................. ='31143C
Manufacturing ......................... 8 [ I, 764
Food and kindred products .......... Z83, 70P
Textlie mill prod. and apparel ..... 228.•65
Lumbar and wood products ........... 211, 272
Paper and allied produc£s .......... &54. 84C
Prlntln S and publishing ............ 257. ]7&
Chemicals and allied products ...... 835. 516
Petrole• refining ................. 884, 84•
Rubber and plastics products ....... 46•6. •58
I•,th•r ,nd leather prn•IctR ...... . 1]•.0•7
Stone, clay• and glass products .... 377, Q='7
Primary metal industries ........... 67C, 352
Fabricated metal products .......... ?•5, q5[
Machinery. Incl. electrical ........ 815, 46_ •
Transportation equipment ........... I,&46. 102
Motor vehicles and equipment ..... i, 148, 373
Aircraf• and parts ............... 3. 325• 214
Instruments i/ ..................... 7E6, p57
Other manufacturfns ................ 2q•, 6Q2
Transportation, communication• and
utilltles• • ........... i ............. 56•,31@
Ru l iroad transpor taZlon ............ 511,652
Eus transportation ................. 3W4, C I L
Motor freight trsnsportatlou 2• .... •77, cQ[
Air •ransportatlon ................. ], 856, 62:)
Other transportstlon ............... 2q3, ?SO
C•unlca t ions .................... 876,475
Telephone ....................... I,C •4, c4•
Utilities ......................... 47?, 755
Wholesale and retail trade ........... ='='5. •14
Finance, ins., real estate ........... 275. 7•='
Services ............................. ='!q, 7•8
Motels and other lodging places--- q•, •4 •
Personal services ................. 54, 6 • 3
Miscellaneous business services--- 5q4, 72&
Medical, other health services .... 84. 9_23
Hosplta [s ....................... [)4. 454
Educational services ............... 417. 76C
Elem. and secondary schools ...... 4Ca. •'31"
Colleges and uulversltle• ........ 4q•. 726
Other services ..................... 225. F 42
Government ............................ R. C � I 53
Federal government ................. 1. I "4. •Q I
Civilian ......................... 872, 05{
Military ......................... ?. I •H •, 376
State and other government ......... 470. '39
Other occupatlon, l groups ............. 23. &q6
RESIDENTIAL GROUPS - TOTAL ....... 276, 3='2
Urban co=•aunlty ....................... 2364 2g?
Rural co•nlty ....................... 2q6, F�C
Relative to
Natioual
Average
I hr
45
II;"
54
33
=.7
41
IIi
154
8e
3C
I08
6?
4 a
45
36
54
ii%
I17
IC?
2•
78
141
5O
136
='47
242
7C, C,
159
62
llg
IC'6
83
73
236
62
2!6
l ,•r,
71
88
67
l?
12£
•6
In3
4•
IAC
23 •
4Sq
5•
5•
62
i/ Professlon•l, scientlfict and controlling instrumental
2/ Including warehousing.
Average Membership Average Shares Average Size of Loans
Per Credit Union Per Member Made During 1966
Relative to Relative to Relative to
National National National
Number Average Amp•mt Average Amount Average
776 I03 $53=' tO 9880 I00
474 61 3gl 73 877 111
848 I0o 558 I08 1,257 143
ACT 5• 552 I04 1,378 157
424 53 322 6 n 892 I01
48T 63 31• 58 745 85
s•2 ' i,, •5 326 61 922 |Og ,.
840 108 550 153 874 99
6C• 78 1,054 198 1,269 144
5C2 65 464 87 T90 90
443 87 75C 141 981 I11
746 q6 5q7 I12 874 go
•11 5) 6• 113 828 94
&69 60 428 8• 547 62
375 48 493 9Z 659 T•
578 7• 676 127 1,177 134
407 5? 554 I•4 884 lO0
&Tq 88 637 12• 1,005 114
735 g8 64g 12• 1,140 130
•99 g9 611 118 91=' 104
322 • 2•5 55 405 46
553 71 588 iIO 8C4 gl
884 114 639 •24 888 lOl
='g7 51 821 q8 716 81
8tO 104 548 107 784 gq
2,330 80D 615 I•5 9•2 I05
1,780 229 546 1•2 969 110
4,Z82 548 •96 131 899 I02
L,072 138 6?4 117 825 94
541 70 47l 88 648 74
8C4 104 5g8 112 1,025 I[6
759 98 572 107 970 110
540 70 62C ]16 923 I05
572 74 565 106 830 106
1,763 227 577 127 937 I06
374 48 654 128 946 108
1,242 160 5R1 log I, 170 133
1,436 185 586 llO 1,183 134
85[ 84 63C 118 1,04q •g
8g4 77 4CA q3 815 g3
454 5g 543 101 862 98
523 67 54C IC1 gTg lO0
265 34 813 5 ° 445 51
167 22 232 53 365 41
736 q5 731 137 966 llO
•8'3 38 273 82 45=' 51
2R2 •4 272 51 447 51
64C 8Z 574 10R 1,0Ol 114
608 78 388 tic 1,O52 120
868 112 520 98 82=' q4
375 4R 528 go 697 79
1,461 18a •RI 90 827 94
•,•65 279 451 86 777 88
1,016 131 496 93 896 102
4,491 570 430 81 729 83
6qg g3 532 109 962 lOg
IC6 14 117 22 371 42
532 60 458 86 1,054 120
3•I 65 417 7i• ggl I13
548 71 477 8 ° l.O?g 123
and optical goods; watches and clocks.
Average Size of
Loans Outstanding as of Dec. 31., 1966
Relative to
Natioaal
Amount Average
@BSV 100
q13 105
1,226 141
1,253 145
819 94
665 77
•4 gg
86• 99
1,250 144
804 83
g74 112
890 103
86.7 tO0
604 70
800 92
g85 114
859 99
965 l•l
1,031 tlg
q75 I12
472 54
824 g5
q81 113
746 86
816 g4
934 I08
1,017 117
878 I01
827 95
681 79
1,001 115
962 III
1,03g 120
872 fOE
948 109
1,048 121
1,081 125
l,Og4 126
983 113
784 90
831 96
885 102
466 54
403 46
923 106
467 54
461 53
g63 Ill
9q6 115
828 96
814 94
786 91
743 86
834 96
704 81
924 lOT
375 43
1,030 I19
917 tO6
1,079 124
85
00
O, 0
• 0 u o - . - - 0
•lii!i ! i!i!ii i iii! ! !!i!i i iiiiiii ! ii!ii i iii[iii!iiii ! i[i)•[ i !iiiii i .•
-ii!i ! ii!iii i iiii ! ii!!! i iiiiii? i i[:
TABLE 32.-PERCENTAGE DISTRIBUTION OF TOTAL EXPENSES OF OPERATING FEDERAL CREDIT UNIONS, BY TYPE OF MEMBERSHIP, ]966
FCU/'66
Typ• -o£-m•mbc rah£p
ASSOC rATIONAL CROUP•
C°°t 1C •°r
Fratern• 1 end lC'3 .•.
L=Lor i le,? .T
OCher a,=ocl.tloual t,,•,•_
OCCUPATIONAL GROUPS 1 C C. r
IL'. "
Food a•d kind•d 1C •" ."
Textile mill prod. aad 4ppacel- 1-2.• Lmtb•r •nd wood
IC•.¢. Paper and allied produc•= ....... IC:J. Pr£nt•ag =ud
1C').C Ch•call •d allied
lr,•.e. Pe •rolet•
1 • 3. ,"
R•bber m• plaettc= 1•.• Leather •d leather l,-%r Stoue
0 ¢hy• end glus productJ, l• •.r
l•tm•ry instal l" •.C Fmbricated me•al 1 • '•. C
F•chtnary, incl. lr •o': Trau=por tatloa 1 C •
.
Motor veh£clel ead 103/
In•tr•Hnt• I_/ ................. lrr. Other
l:n.5 Tr=n• porte •l•u• ¢o•nunl• t•
Motor •r•t.ght •ran•por•atiou lot .,-,
O•he• Ir •. •,
1,3.C Te lepho•e ................... l
• 1,. ?
Wholesale end retail I?•.
Financ% lug., I: C.
Hotela aud other Iodgtag p1#hel. IC3.• Persoaal
l(l• ,]
Miscellanea, u= bul•neen : I0 .". C"
Hedlcal, other health l.,.• .,-
•ducattou=l 1 .: "•. ?
Zlem. and l.- -).r
Colleges a•d 1 "') � : Other
t ' •.
•
t'•.'"
lr,•.: ¸
State •md o•her lr•' .:
Other occup•Ciouel 1., • *C
RESID•NTZAL GROUPS - I • .", •
Urba•
Rura 1 l • •. "
* Less than 0.05 perceut.
•na•£cm Le•erese Borro•rs' Ll•e Surety =ud Super- Coe• of Total Frotec•lo, Saving= LelSUe Boud v•sl•a •orr•d $p•ce Educattoua I Other
Tot•l S,larles In=ur#uce Iusurance Duel P•emlum• Fee• , Mmey Occupied Expeo•ea Expea•e•
.. .... • •. l 4%9 13.8 9.5
..... •
• 3.r
•• •
1.2 3*0 3.0 1.9 1.9 ZI*8 It'.,: •5.7 13.3 11.1 3.6 ••
•-------------•--- • • 1.4
• 3.9 -- •.I 2.3 ?I.0
•4.6 13.8 1n..2 3.5 1.0 2.7 7°0 33.q 15.2 11.7 3.9 1.5 3*7 1.6
3*3 2°7 21*2 5.1 2*8 20.7 •.3 12.7 11.6 3.q 1.7 3*9 •°l •.8 35.a 12.9 Iio2 3°4 1.4 3.7
2.8 20.2 5.0 3.• 1.3 22.0 4,'.8 11*0 10.4
2*311 1o) 2°2 5o• 3°9 2°0 21o•
4!.• 13.• 9.3 2oq 1.Z 3.0 3.0 1.7 1*9 •l.9
3•.4 lq.l 12o• 3.8 2.6 5.1 .8 2*8 •q.• 14.7 I42 4.3 1.6 3.4 3
19.5 •°8 3*7 1. 17.3 1':;.
^ 12.5 8.4 2.5 1.2 3.3 2*2 2.2 4.• 24.5
•.4 It*.6 %5 •.2 1.3 3.2 Z*g 2*0 1.8 22*2 3q.8 13.q q.7 4.3 1.7 4.0 1.9 *9 1.5 22.3 4,•.." 14o5 II*0 3*7 2.0 3°9 1*3 •.I 13.5 %5 ,.1 1.5 3.5 3.6 Z• 1.5 21.0
3•.5 17.5 1"3.6 •.O 1.• 3.2 1o7 •2.0
2.6 1.6 l.q 21.8 4•- n 14.b II.• 3.7 1.8 '•.2 1.l 1.6 1,4 17,1 3c°5 16.6 8.4 3.3 1°6 3.7 2.9 1.7 1.6 2•.6 44*2 16. I 7.• 2°7 1.7 3*9 I°5 2.0 1.2 lq.4 37.C 16.8 11.8 3*3 1.3 3.2 l*g 2.l 1.9 20*8 •1.6 13*4 11.3 3*q 2.O 4.6 3°8 1.• I*• 17*1 38.3 Ig.q 6.5 3.• 1.7 3°9 2°I I°5 I*5 21°I 35.7 17.3 11.5 3.2 1.2 3.0 Z.1 1*7 I*8 22.4 4C°5 14*4 11 °2 3°9 1.9 4.3 1.7 I°0 1.6 19.6 3%7 13.4 10.0 3.2 1.4 3,4 3*3 2.0 1.8 21.7 3q.6 12.5 8.2 2.q .S 2*0 4.3 2*0 2.4 2•..8 34.3 13.8 10.2 4.C .7 2.C 6°0 3.• 2.6 23.1 47. I I:L6 5.5 I *2 .5 1.0 2*0 2.0 2.2 27.1 43.0 11.5 8*3 2.3 1.l 3.2 1.0 2.5 1.5 24*7 •C.7 11.9 I0.4 3.7 1.8 4.4 2.• I.I 1.1 22,5
•-• I•* l 9.6 3.0 1.2 3.0 3.8 2.2 2.0 22,l 36. r 16.4 13*8 3.7 1.4 3.0 1.3 2°0 l°4 tqoO 37*3 16.5 12*I 3.4 I*4 3. I 2.6 1.8 2°0 lq*9 37.• 14*7 1,3.6 2.7 1.3 3*2 4.°• 2*3 1.6 •1.3 •3.q 13.3 6*8 1*8 .7 2.7 3.• 1*2 2.1 24.0 32.5 20*2 %q 5.5 3.q 5*4 2.1 1.5 l*I 18.8 3•.6 I0.7 6*2 2.2 .9 2*4 6.9 3.2 2,7 26.2 38,5 10.6 6.1 2.2 .9 2*3 7,0 3*2 2*8 26,% 41.1 16.0 9*0 3*8 1.• 4*0 2.1 1.3 1.5 19°3
44.• 12*3 8.3 2.q 1.6 3*7 1.8 1.7 1°6 22.2 37.5 18.3 5.3 •..7 2*6 5.9 2.1 I.1 1°0 21.5 41.0 13.1 10.2 3ol 1.4 3.5 3*2 2.4 t.R 20.3 •a.2 % q 10. I 3 .g 2 .O 5.O 2 � I * .• 17.6 36.4 11.2 12.4 5.7 2.9 7ol 2.5 * .5 21 ,I t*3,• 12.2 5,2 2°5 1.5 4.0 1.6 3°2 1.3 25.2 4•.6 12.7 12.4 4.2 2.1 5.1 2.1 * 1.3 16.1 42.5 12°7 12*4 4.2 2*i 5.1 2.2 1*3 16°2 •r.4- ILl 10.4 2.q 1.3 3.2 3.6 2"5 2.0 20.6 3%7 13.1 10.7 2.9 1.4 3.2 3*g 2°8 2*0 44.3 13,2 8.9 2.9 1.3 3.4 1,0 .0 2.0
20.4
21.5 •1.• 15.8 9.7 3*6 I,Q 4.2 2.0 2.8 1°0 17.2
45.7 13.0 8.8 2.3 -g 2.5 2.8 I*9 2i°q •6.•, 11.o s.o 2.1 .• 2.• 2.6 "6 •
2*1 22.7 46.7 14.1 9.5 2.8 1.3 3. I 2.8 * I.• 17.9 •7.? 10.7 7.3 1.7 .6 2.C 2*5 .7 2.4 25.1 4C1 • 15.9 II.O 2.8 1.2 2.q 3*2 1.3 1.6 20.O
2e.B LL.3 5,0 4*5 5.8 12.q I*0 12. a 1.6 15*6
3•t• 14.3 IQ•7 ,3.5 i•3 •,3 2•8 611 2.4 19.5
1 36.q 12*7 11*5 4.1 l°l 3.1 3.0 5,8 3.1 18.6 3•.7 15.0 ....
10.3 3.2 1.• 3,4 2.7 3.3 ;,.n to o
1/ Profeseloual, =cieutif£e, and cc•trolling lastn=euts I paotogr=ph/c 2_/ •cIud£ng warehousing.
NOTE: For b•sLc data, =ee T•ble 8.
aud optical goodo I w•Cche8 and clocks.
87
TABLE 33.--PERCENTAGE DISTRIBUTION OF SHARE ACCOUNTS BY SIZE, BY REGION AND STATE, DECEMBER 31, 1966
Region and State Total $500
or less
Total ............. 00.0 75.4
New England ...................... I0:). 0 71 .,q
Connecticut ..................... I C 0.0 69 . 2
Maina ......................... I00.0 7•�.i
Massachusetts ................... 100.0 72 .9
New Hampshire ................... IOD.O 77.7
Rhode Island .................... I00.0 79 . 5
Vermont ....................... 100.0 75.1
Mideast .......................... i C O J 0 7 5 j 8
Delawara ....................... 100.0 78.1
District of Columbia ............... 103.0 7b.b
Maryland ....................... l 00. 0 78.9
New Jersey ..................... 100.0 77.4
New York ....................... 1CO.0 74,C
Pennsylvania .................... [ O0.0 75 . •:
Southeast ........................ t 0 ,r). !) 78 . 7
Alabama ....................... 1C0. L3 78.q
Arkansas ....................... 139.0 78.I
Florida ........................ ICC.O 78.7
Georgia ....................... I C0.LI •0.5
Kentucky ....................... 100.0 79 . 3
Louisiana ...................... 100.0 75 .5
Mississippi ..................... I00.O 77 .2
North Carolina ................... 100.0 83.7
South Carolina ................... I00..0 82.4
Tennessee ...................... i I00.0 75 .0
Virginia ....................... J 100.0 81 . 3
West Virginia .................... C C. 0 78 . 2
Great Lakes. 1 G 0.0 74. •1
Illinois. 100 � 0 77 . 5
Indiana. 100 � 0 74 . 6
Michigan ........................ 100.0 72.7
Ohio ........................... 100.0 76.3
W}sconsin ....................... 100oO 78.5
Plains ........................... 100.0 75.7
Iowa .......................... I00.0 68.7
Kansas ......................... lOO.O 72.1
Minnesota ....................... 100.0 79.9
Missouri ........................ 100.0 7• .2
Nebraskc ........................ ICO.O 7q.b
North Dakota ..................... ] 00. 0 7 g � t
South Dakota ..................... lOO.0 77 .3
Rocky Mountain .................... 10:3.0 75.0
Colorado ....................... 100.3 76. 3
Idaho ......................... 100.0 71* .4
Montana ....................... IO0.O 78.7
Utah. 1CO.0 74. 3
71�.7 Wyoming ........................ l 0 Q. 0
Southwest ......................... 10 D . 0
Arizona ......................... 100.0
New Mexico ...................... 1 C 0 � 0
Oklahoma ....................... I00.0
Texas .......................... '100.0
Far West .......................... 100.0
Alaska ........................
California ........................ ! Hawaii .........................
Nevada .........................
Oregon ........................
Washlngton .......... ...........
Other areas .......................
Ca•ol Zone .....................
Guam .........................
Puerto Rico .....................
Virgin Islands ...................
'Less than 0.05 percent.
I00.0
100.0
I00.0
ICO.O
IOO.0
lCC.O
100.0
100.0
1C0.0
ICO.O
100.0
NOTE: For basic data, see Table 21
75.1
76.1
67.1
77.2
75.3
73.7
78.4
74.3
t& .6.
70.5
75.3
71 .3
81 .I
•0.9
90.3
76.8
g5.3
Percentage distribution by size of share accounts
$501-
$1,000
8.9
10.7
Ii.I
8.9
11.4
7.8
8.7
I0.0
9.6
8.2
8.4
7.7
8.0
II.I
I0.i
7.3
6.9
8.g
7.0
t•.7
8.5
8. i5
9.0
6.4
6.7
7.•. 6.1
7.6
8 .:9
8.2
8.5
9.3
8.9
5.2
7.6
9.3
7.5
7.0
7.7
8.1
6.9
7.5
7.5
6.8
8.6
6.3
9.6
7.4
8.6
7.3
13.3
7.1
8.6
9.1
5.8
8.8
10.9
lO.q
8..•s
II.0
9.7
8.7
4.1
13.0
2.3
$1,001- $2,500
I0.8
12.7
12.7
12.7
ll.B
I0.0
9.2
11.2
10.2
9.7
10.3
9.5
10.3
10.2
10.3
9 ° o
10.1
11.9
8.5
9.1
11.2
9.&
b.8
7.9
IC.H
8.7
9.•3
II.I
10.4
10.9
12.5
9.7
10.5
12.0
14.5
14.8
10.2
9.7
11.0
9.9
II.I
11.9
12.2
12.6
I0.6
ll.Z¢
13.2
Ii.i
11.2
12.7
II.I
II.0
11.4
9.9
10.7
16.4
12.6
II.I
II.9
6.5
7.0
3.6
7.5
1.8
$2,501- $5,000
3.5
3.6
4.1
3.4
3.0
3.4
2.3
2.7
3.1
2.8
3.4
2.9
2.9
3.4
2.9
3.1
3.1
2.5
3.1
2.8
2.4
3.5
3.2
2.2
2.1
4.3
2.8
2.9
3.7
2.7
4.0
3.g
3.6
4.0
3.3
5.4
4.0
2.4
3.0
3.1
3.2
3.0
3.3
3° L,
3.1
3.1
3-3
3.5
3.•
3.6
5.2
3.1
3.•3
3.9
•a.3
3.8
5.2
4.0
3.6
4.1
2.0
2.6
I.I
2.0
.5
$5,001- $10,001
$10,000 and over
1.2 .3
1.1
1.5
.8
.8
I.I
.3
1.0
1.0
1.0
I.I
.8
I.I
I.I
.g
I.I
1.3
.6
1.3
1.0
.6
.9
.9
.7
.7
1.7
1.0
1.2
1.3
.9
1.6
1.3
1.2
1.8
1.2
1.8
1.4
.5
i.i
1.4
.8
I.I
1.0
1.1
1.O
1.0
1.0
1.1
1.1
1.2
1.0
1.3
i.!
1.6
2.1
1.5
2.4
1.5
1.0
1.4
.6
.8
.3
.6
.I
.2
.4
.1
.1
.1
.2
.2
.2
.2
.3
.2
.2
.2
,2
.I
.3
.2
.I
.2
.I
.2
.2
.4
.i
.2
°3
.3
.4
.3
.3
.I
.2
.3
.3
,
.4
.3
.I
.i
.2
.2
.3
.2
.3
.I
.2
.4
.2
.2
.2
.4
.6
.&
.5
.4
.2
.3
.I
J J i
88
TABLE 34.--PERCENTAGE DISTRIBUTION OF SHARES, BY SIZE, BY REGION AND STATE, DECEMBER 31, 1966
-U1'66
Region end State
Total ..........
New England ...................
Connecticut ..................
Maine ......................
Massachusetts ................
New Hampshire ................ Rhode Island
.................
Vermont ....................
Mideast .......................
Delaware ....................
District of Columbia .............
Maryland ....................
New Jersey ..................
New York ....................
Pennsylvania .................
Southeast ......................
Alabama .....................
Arkansas .....................
Florida ......................
Georgia .....................
Kentucky .....................
Laulslana ....................
Mississippi ...................
North Carolina ................
South Carol ina ................
Tennessee ...................
Virginia ....................
West Virginia .................
Great Lakes ....................
Illinois ....................
Indiana .....................
Michigan ....................
Ohio .......................
Wisconsin ...................
Plains .......................
Iowa ......................
Kansas .....................
Minnesota ...................
Missouri ....................
Nebraska ....................
North Dakota .................
South Dakota .................
Rocky Mountain .................
Colorado ....................
Idaho ......................
Montana ....................
Utah .......................
Wyoming ....................
Southwest .....................
Arizona .....................
New Mexico ..................
Oklahoma ...................
Texas ......................
Far West ......................
Alaska .....................
California ...................
Hawaii .....................
Nevada .....................
Oregon .....................
Washington ..................
Other areas .....................
Canat Zone ...................
Guam .......................
Puerto Rico ...................
Virgin Islands .................
NOTE: For basic data, see Table 22
Total
tCO.O
t 00.0
tO0.O
100.0
tGO.O
IO0.O
100.0
100.0
IO•.Q
100..0
I00.0
1C2.0
!00.3
165.0
I00.0
l O,".q
100.0
ICO.O
100.0
100.0
103.0
163.0
100.0
103.0
tO0.O
IOO.O
100.0
ICO.C
[00.0
100.0
tOO.O
100.0
[06.0
[OO.u
ICO.O
tC?.O
1C3.o
1C9.0
100.0
1C3. O
123.r•
[CO.O
tOq.o
tCO.C
100.0
tOO.O
103.0
ICC.O
lCO.O
iOO.6
100.0
tCC.O
101.0
I0•.0
ICO.O
109.0
100.0
100.0
tC•;.n
!03.0
100.0
100.0
I0•.0
102.0
100.0
Percentage distribution by size of share accounts
$500 $501- $1,001- $2,501- $5,001- $10,001 or less $1,000 $2,500 $5,000 $10,000 and over
14.2 10.9 32.4 21.4 14.7 6.4
15.5 12.1 34.3 20.9 12.3 4.9
15.1
14.6
16.•
14.9
19.;I
21 .3
15.0
17.7
11 .8
17.1
14.7
14.6
16.7
IS.3
14.2
1E.5
14.1
14.4
19.6
14 .e
14.2
20.6
19.8
15.1
15 .e
16.1
15.4
15.6
13.3
16 .5
15.5
Ii .£
!?.7
11 .3
11 .9
14.7
17.0
10.3
14.7
14.1
14.0
14.1
13.7
12.7
17.9
II .3
13.b
12.5
10.1
12.4
14.3
11 .7
38.6
11 .3
19.6
13 .2
0.9
25.$
23 .6
26.8
26.3
q6.4
11.0
12.8
13.9
11.5
16.3
14.1
12.2
12.2
10.5 11.2
11.3
12.7
13.4
10.7
9.5
14.1
I0.0
10.3
15.3
12.3
II.•
I 1.5
12.7
8.8
iO.O
I0.9
I0.9
11 .3
9.7
10.5
10.8
6.54
10.3
9.6
8.7
14 .9
10.1
10.4
lO.o
11 .2
9.q
9.C
10 .<•
9.2
12.5
9.7
lO.t
B . 4
10.3
9.9
ii .2
9.6
7.•
9.5
lO.q
10.2
I0.6
9.?
18.3
!6.S
14.3
19.•
13.4
31.3
39.0
37.'*
34.3
39.1
34.4
32.7
32.2
33.5
33.6
32.b
31.5
33.4
32.1
33.7
42.1
29.5
31.6
36.3
35.5
36.3
29.5
32.0
26.9
33.7
31.7
31.0
34.7
29.2
32.2
29.4
32.6
36.1
31.6
38.8
41.4
30.1
34.7
35.9
35.�,
37.1
37.5
gB.l
37.•.
32.•
40.5
3:3.2
33.0
32.&
35.1
33.0
3L.2
22.4
30.5
32 .:
35.•
35.2
33.7
27.1
2 -5• . L;
29.5
25.7
21.:-
21 .4
20.6
19.6
23.4
20 .C
17.6
21 .3
19.8
22.9
20.8
20.1
22.9
19.5
21.2
19.4
17.7
21.0
21.4
18.1
22.4
22.9
19.4
18.3
23.1
22.4
19.1
21.1
18.2
22 .C
20.4
22.3
25.4
20.4
25.7
20.•
19.4
19 .C
19.4
22.9
20.-O
20.3
20.5
18.8
22 .3
18.2
21 .I"
22.&
26.8
32.1
20.0
22.3
22.2
12.3
22.1
23 .C
2C.2
73.•
23.5
15.7
lq.q
17 .q
15 .•
13 .2
13.6
I0.8
I0.7
13.3
4.9
12.6
13.7
13.3
15.0
12.4
14 .q
13.o
12.6
15.3
17.4
8.4
17.2
15.1
8.2
ii.0
13.1
12.8
12.C
17.6
15.6
16.2
15.0
13.I
17.6
14.0
15.1
21.6
14.8
16.6
14.6
8.6
14.f4
17.'•
11.6
15.2
12.q
13.C
12.2
13.7
11.8
14.8
14.1
15.7
i0.•
16.•
13.•
16.•
11.7
17.q
16.R
14.,•
!2.5
16.4
10.3
13.2
i0.•
5. :
7.6
2.1
1.7
2.5
5.1
4.9
6.3
5.0
6.5
4.5
4.4
5.6
5.7
2.1
8.l
7.0
2.5
4.1
1.7
5.6
5.5
8.0
2.7
6.5
7.0
7.1
8.2
6.3
6.9
1.8
5.7
5.2
•.2
1.0
q.O
8.0
4.0
3.0
5.8
6.0
6.3
4.8
8.3
2.0
6.0
q.6
4.4
5.9
5.5
9.4
7.5
•-1
7.2
9.1
4.q
6.7
2 . 9
?.4
1.5
3.4
89
TABLE 35,-PERCENTAGE DISTRIBUTION OF SHARE ACCOUNTS BY SIZE, BY TYPE OF MEMBERSHIP, DECEMBER 31, 1966
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 prod. and apparef .........
Lumber andwood products ............
Paper and allied products ............
Printing and publishing .............
Chemicals and allied products .........
Petroleum refining .................
Rubber and plastics products .........
Leather and leather products ..........
Stone, clay, and glass products ........
Primary metal industries .............
Fabricated metal products ............
Machinery, incl. electrical ...........
Transportation equipment ............
Motor vehicles and equipment ........
Aircraft and parts ................
Instruments •. .................... Other manufacturing ...............
Transportation, communication, and utilities.
Railroad transportation ..............
Bus transportation .................
Motor freight transportation •
..........
Air transportation .................
Other transportation ................
Communications ..................
Telephone .....................
Utilities .......................
Wholesale and retail trade ..............
Finance, insurance, real estate ..........
Services .........................
Hotels and other lodging places .......
Personal services .................
Miscellaneous b•siness services ......
Medical, other health services .........
Hospitals .....................
Educational services ...............
Elem. 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 ...................
'Less than 0.05 percent
Percentage distribution by size of share accounts
Total $500
or Jess
$501-
$1,000 $1,001-
$2,5OO $2,501-
$5,000
$5,00t-
$10,000
$10,001 and over
100.0 75.4 8.9 10.8 3.5 !.2 .3
i00.0 81.0 6.5 9.7 P.l .6 .I
I00.0 74.7 7.1 13. •- 3.5 !.! .3
i00.0 74.5 8.0 12.9 3.1 1.2 .3
%00.0 83.6 5.8 S.3 1.7 .5 .i
i00.0 83.8 6.7 7.8 i._ • .3 .I
i00.0 84.9 4.1 8.7 1.9 .3 .1
i00.0 74.7 9.2 10.9 3.6 1.3 .3
13.7
9.0
10.4
i0.3
9.6
8.9
9.9
11-5 9.3
9.6
8.8
9.2
7.4
8.8
10.5 8.7
9.6
12.1
!0.3
14.5
i00.O
I00.O
I00.O
51.7
76.8
68.8
22.2.
11.1
13.3
I! .I
12.0
8.4
9.9
12.1
13.2
12.4
13.2
11.6
6.6
9.8
12.3
10.6
10.6
!0.3 10.8
0.8
73.0
73.1 79.7
75.8
69.P
72.8
71.2
71.4
73.5
86.5
75.6
7! .0
75.3
75.2
71,7
74.3
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3.2
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4.5
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1.5
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I00.0
100.0
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!00.0
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!00.0
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2.6
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1.6
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8.8
8.6
7.7
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!00.0 66.6
I00.0 77.6
100.0 72.2
100.0 71.0
100.0 70.9
iO0.O 71.7
I00.0 66.5
i00.0 68.7
iOO.O 75.5
I00.0 75.6
lO0.O 72.1
lo0.o 77.6
I00.0 78.0
I00.0 75.6
•2.0
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12.3
14.8
!4.7
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11.0
13.9
9.7
9.7
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9.3
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4.4
2.5
3.9
3.7
3.9
3.3
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3.6 3.6
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81
86
68
86
86
76
74
74
75
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i00.0
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2-3 2.9
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77.4
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and clocks.
I00.0
!00.0
"lhTl,.si•,•l, scientific, and controlling instruments; photographic and optical goods; watches
'*•4•ng worwhou sing.
NOTE: For basic data, see Table 23
.3
90
TABLE 36.--PERCENTAGE DISTRIBUTION OF SHARES, BY SIZE, BY TYPE OF MEMBERSHIP, DECEMBER 31, 1966
FCU/'66
Type-of-membership
Total .............
ASSOCIATIONAL GROUPS - TOTAL ....
Cooperatives ......................
Fraternal and professional .............
Religious ........................
Labor unions ......................
Other associational groups .............
OCCUPATIONAL GROUPS - TOTAL ....
Agriculture .......................
Mining ..........................
Contract construction .................
Manufccturing ......................
Food and kindred products ............
Textile mill prod. and apparel ..........
Lumber and wood products ............
Paper and allied products .............
Printing and publishing ..............
Chemicals and allied products ..........
Petroleum refining ..................
Rubber and plastics products .........
Leather and leather products ..........
Stone, clay, and glass products ........
Primary metal industries .............
Fabricated metal products ............
Machinery, incl. electrical ...........
Transportation equipment ............
Motor vehicles and equipment ........
Aircraft and parts ................
Instruments •
.....................
Other manufacturing ...............
Transportation, communication, and utilities..
Railroad transportation ..............
Bus transportation .................
Motor freight transportation 2
..........
Air transportation .................
Other transportation ................
Communications ..................
Telephone .....................
Utilities .......................
Wholesale and retail trade ..............
Finance, insurance, real estate ..........
Services .........................
Hotels and other lodging places ........
Personal services .................
Miscellaneous business services .......
Medical, other health services .........
Hospitals .....................
Educational services ...............
Elem. 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 ....................
Percentage distribution by size of share accounts
Total
": 9 3.0
!00.0
", 91'. 9
05.0 "
9-3. )
103o9 ; '20.3
$500
or Jess
"4.7.
17-.•
19.0
2•.7
$501- $1,000
!0.9
II °0
$1,001- $2,500
3['.4
#.:2.2
$2,501- $5,000
17.5
$s,001- $10,000
•.7
8.9
9.7
12.I
13.6
9.0
LO.7
37.3
40.3
4•.5
20.E
18.9
17.1
t3.3
18.8
23.2
Z5.4
9.3
5.q
D.7
$10,001 and over
�.�
5.0
5.7
7.0
3.3
29.1
16.6
ZI.I
21.9
22.0
lb.9
21.7
24-.7
22.5
23.9
25.9
21.4
!4.9
21.5
ZI.5
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2• .,4
•00.0
1 ¢ O. 0
f' 0..•
8.S
14.0
9.4
11.2
11.•
14.7
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11.6
12.3
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9.6
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ll.9
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10. =
14.7
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9.7
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lO0.O
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:00.3
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300.0 �
00.0
130.0
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•00.0 • r;U.O
103.0
"00.0
"00.0
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00.0 T 00.0
J.•
•3.0 3•.7
57.7
?7.9
20.5
b2.2
30.9
33.2
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3}.8
}2.7
2 • .4
•a.5
2 • .b
70.1
3•.2
•3.!
15.0
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22.5
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9.9
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) 3.0 "
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190.0 • _eO.O
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1.5
7.5
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"6.9
15.9
12.2
13.I
13.9
13.7 12. 2
17.0
i3.2
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32.0
.•: .7
13.9
29.9
70.3
!1.7
15.7
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i 2. ,"
•7.3
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11.4
12.5
10.5
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11.1
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16.8
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30.5
22.1
28.3
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9.9
37.7
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24.3
32.0
26.5
•3,1
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27.0
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70.7
37.?
•7.3
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30.2
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31 .i
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22.2
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21.7
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27.0
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20.7
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.8.7
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5.4
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:OC.9 !3.4 !0.7 75.2 !3.9 13.7 7.?
" OO.,• ;%.4
" O'.b. 0 i?.0 . &. {
10.2
5.2
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7.4.
I.B
5.7
2.9
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•.9
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1.5
7.q
5.2
5.9
%. 2
&.-=
3.:)
'Professional, scientific, and controlling instrum,•'•ts; photographic and optical goods; watches and clocks.
qncluding warehousing.
NOTE: For basic data, see Table 24
91
TABLE 37.--TOTAL ASSETS OF CREDIT UNIONS, DECEMBER 1957-DECEMBER 1966
(In m•Ilions o[ dollars)
Federal credit unions State-chartered credit unions
Not adjusted fo• Adjusted for Not adjusted for Adjusted for seasonal variation seasonal variation seasonal variation seasonal variation
Period
1958 ........................
1959 ........................
1960 ........................
1961 ........................
1962 ........................
1963 ........................
1964 ........................
1965 ........................
1966 ........................
1957:
December ..................
1958:
January ...................
February ..................
March .....................
April .....................
May .......................
June ......................
July ......................
August ....................
September .................
October ...................
November ..................
December ..................
1959:
January ...................
February ..................
March .....................
April .....................
Mey .......................
June ......................
Ju i y ......................
August ....................
September .................
October ...................
November ..................
December ..................
1960:
January ...................
February ..................
March .....................
April .....................
May .......................
June ......................
July ......................
August ....................
September .................
October ...................
November ..................
December ..................
1961:
January ...................
February ..................
March .....................
April .....................
May .......................
June ......................
July ......................
August ....................
September .................
October ...................
November ..................
D=.cember ..................
Amount
outstanding
2,035 2,353 2,670 3,028 3,430 3,917 4,559 5,166 5,669
1,789
1,758 1,762 1,775
1,779 1,817 1,835
1,855 1,875 1,913
1,949 1,986 2,035
2,012 2,024 2,0$7
2,075 2,113 2,140
2,!72 2,198 2,229
2,269 2,305 2,353
2,310 2,319 2,357
2,385 2,423 2,454
2,461 2,486 2,525
2,568 2,622 2,670
2,616 2,634 2,658
2,685 2,720 2,771
2,793 2,830 2,863
2,912 2,970 3,028
Change during period
246
3!8
317
358
402
487
642
607
503
37
-31
4
13
4
38
18
20
20
38
36
37
49
-23
12
23
28
38
27
32
26
31
40
36
48
-43
9
38
28
38
31
7
25
39
43
54
48
-54
18
24
27
35
51
22
37
33
49
58
58
Change Amount during
outstandin B period
1,745 17
1,762 17
1,778 16
1,791 13
1,801 i0
1,824 23
1,839 15
1,862 23
1,883 21
1,911 28
1,935 24
1,959 24
1,987 28
2,018 31
2,044 26
2,068 24
2,098 30
2,121 23
2,144 23
2,181 37
2,207 26
2,227 20
2,253 26
2,273 20
2,298 25
2,322 24
2,345 23
2,381 36
2,409 28
2,433 24
2,456 23
2,471 15
2,493 22
2,522 29
2,550 28
2,586 36
2,610 24
2,634 24
2,663 29
2,682 19
2,709 27
2,731 22
2,768 37
2,801 33
2,833 32
2,860 27
2,892 32
2,932 40
2,966 34
Change 7h•ount during
outstandin• period
2,312 291
2,676 364
2,989 313
3,354 365
3,758 404
4,213 455
4,800 587
5,385 585
5,938 553
2,021 13
2,021 ---
2,040 19
2,076 36
2,106 30
2,136 30
2,160 24
2,178 18
2,206 28
2,242 36
2,271 29
2,300 29
2,312 12
2,314 2
2,339 25
2,382 43
2,419 37
2,456 37
2,486 30
2,509 23
2,544 35
2,588 44
2,623 35
2,659 36
2,676 17
2,669 -7
2,690 21
2,729 39
2,763 34
2,798 35
2,824 26
2,841 17
2,873 32
2,913 40
2,945 32
2,978 33
2,989 II
2,983 -6
3,008 25
3,053 45
3,092 39
3,132 40
3,162 30
3,183 21
3,220 37
3,266 46
3,303 37
3,341 38
3,354 13
Amount
outstandin•
2,015
2,039 2,053 2,086
2,110 2,136 2,160
2,182 2,206 2,231
2,255 2,282 2,305
2,335 2,365 2,394
I 2,424
i 2,456
i 2,486
I 2,514 2,544 2,575
2,605 2,635 2,668
2,693 2,720 2,743
2,769 2,798 2,821
2,847 2,873 2,899
2,925 2,954 2,977
3,010 3,041
3,068
3,098 3,129 3,159
3,193 3,220 3,250
3,280 3,311 3,337
Change during period
23
24
24
23
24
26
24
22
24
25
24
27
23
30
30
29
3O
32
3O
28
30
31
30
3O
33
25
27
23
26
29
23
26
26
26
26
29
23
33
31
27
30
31
30
34
27
30
3O
31
26
92
TABLE 37.--TOTAL ASSETS OF CREDIT UNIONS, DECEMBER 1957-DECEMBER 1966 (Continued)
(In millions of dollars)
FCU/'66
Period
1962:
January ..................
Februar3c .................
March ....................
April ....................
May ......................
June .....................
July .....................
August ...................
September ................
October ..................
November .................
December .................
1963:
January ..................
February .................
March ....................
April .................... t
May ...................... '
June .....................
July .....................
August ................... :
September ................ i
October .................. !
November ................. I December .................
L964: J
January .................. i
February ................. ;
March .................... i April .................... [ May ...................... I June .....................
July .....................
Augus t ...................
September ................
October .................. i November ................. ! December .................
[965:
January ..................
February .................
March ....................
April ....................
May ......................
June .....................
July .....................
August ...................
September ................
October ..................
November .................
December .................
966:
January ..................
February .................
March ....................
Apr [ i ....................
May ......................
June .....................
July .....................
August ....................
September ................
October ..................
November .................
December .................
Federal credit unions
Not adjusted for
seasonal variation
Change Amount during
outstanding period
2,968 -60
2,997 29
3,048 51
3,079 31
3,131 52
3,184 53
3,197 13
3,238 41
3,280 42
3,329 49
3,376 47
3,430 54
3,382 -48
3,409 27
3,463
! 54
3,498 35
3,561 I 63
3,607 ! 46
3,651 i 44
3,691 I 40
3,739 ! 48
3,795 i 56
3,856 61
3,917 61
3,858 -59
3,896 38
3,951 55
4,002 51
4,074 72
4,160 • 86
4,181 •
I 21
4,231 • 50
4,290 I
i 59
4,376 86
4,459 ] ,
83
4,559 [ I00
4,466 ! -93
4,505 39
4,575 70 I
4,619 ! 44
4,686 I 67
4,788 !
102
4,781 i -7
4,836 i 55
4,907 i 71
4,978 ! 71
5,071 93
5,166 i 95
5,053 i -i13
5,085 I 32
5,152 67
5,185 33
5,269 84
5,371 • 102
! 5,318 i -53
5,357 39
5,428 ! 71
5,494 i 66
5,578 i 84
5,669 i 91
Adjusted for
seasonal variation
Amount
outstanding
2,992 3,033 3,073
3,107 3,144 3,178
3,203
3,241 3,277
3,306 3,333 3,366
3,413 3,447 3,487
3,526
3,572 3,596
3,658 3,691 3,735
3,769 3,810 3,844
3,893 3,939 3,979
4,034 4,086 4,143
4,189 4,231 4,286
4,346 4,406 4,470
4,502 4,551 4,607
4,656 4,695 4,750
4,805 4,855 4,912
4,958
5,016 5,050
5,094 5,142 5,188
5,227 5,280 5,328
5,350 5,379 5,433
5,472 5,517 5,547
Change during period
26
41
40
34
37
34
25
38
36
29
27
33
47
34
40
39
46
24
62
33
44
34
41
34
49
46
40
55
52
57
46
42
55
60
60
64
32
49
56
49
39
55
55
5O
57
46
58
34
44
48
46
39
53
48
22
29
54
39
45
30
State-chartered credit unions
Not adjusted for
seasonal variation
Change Amount during
outstanding period
3,340 -14
3,364 24
3,428 64
3,462 34
3,497 35
3,535 38
3,549 14
3,598 49
3,649 51
3,689 40
3,722 33
3,758 36
3,739 -19
3,758 19
3,815 57
3,857 42
3,930 73
3,961 31
3,981 20
4,033 52
4,089 56
4,142 53
4,196 54
4,211 17
4,200 -13
4,247 47
4,310 63
4,375 65
4,436 61
4,494 58
4,535 41
4,584 49
4,653 69
4,723 70
4,784 61
4,800 16
4,771 -29
4,828 57
4,900 72
4,959 59
5,023 64
5,089 66
5,109 20
5,175 66
5,242 67
5,300 58
5,358 58
5,385 27
5,356 -29
5,401 45
5,469 68
5,526 57
5,601 75
5,671 70
5,686 15
5,728 42
5,800 72
5,850 50
5,911 61
5,938 27
Amount
outstanding
Adjusted for
seasonal variation
Chamge during period
3,370 3,401 3,445
3,472 3,494 3,531
3,560 3,598 3,631
3,663 3,689 3,739
3,773 3,796 3,838
3,869 3,922 3,953
3,993 4,033 4,069
4,113 4,154 4,196
4,238 4,286 4,332
4,388 4,432 4,485
4,549 4,579 4,630
4,686 4,732 4,776
4,819 4,877 4,930
4,979 5,023
5,074
5,119 5,170 5,216
5,258 5,305 5,364
5,410 5,456 5,502
5,548 5,601 5,654
5,697 5,722 5,771
5,804 5,852
5,914
33
31
44
27
22
37
29
38
33
32
26
50
34
23
42
31
53
31
40
40
36
44
41
42
42
48
46
56
44
53
64
3O
51
56
46
44
43 58
53
49
44
51
45
51
46
42
47
59
46
46
46
46
53
53
43
25
49
33
48
62
93
TABLE 38.--LOANS TO MEMBERS BY CREDIT UNIONS, DECEMBER 1957-DECEMBER 1966
(in miJllons of doJlofs)
Federal credit unions State-chartered credit unions
Not adjusted for Adjusted for Not adjusted for Adjusted for seasonal variation seasonal variation seasonal variation seasonal variation Period
1958 ........................
1959 ........................
1960 ........................
1961 ........................
1962 ........................
1963 ........................
1964 ........................
1965 ........................
1966 ........................
1957:
December ..................
1958:
January ...................
February ..................
•£ar ch .....................
April .....................
May .......................
June ......................
July ......................
Augu s t ....................
September .................
October ...................
November ..................
December ..................
1959:
January ...................
February ..................
March .....................
April .....................
May .......................
J•ne ......................
July ......................
August ....................
September .................
October ...................
November ..................
December ..................
1960:
January ...................
February ..................
March .....................
April .....................
Hay .......................
June ......................
July ......................
August ....................
September .................
October ...................
November ..................
December ..................
1961:
January ...................
February ..................
March .....................
April .....................
May .......................
June ......................
July ......................
Augu s t ....................
September .................
October ...................
November ..................
December ..................
Amount
outstanding
1,380 1,667 2,021 2,245 2,561 2,911 3,349 3,865 4,324
1,257
1,241 1,238 1,242
1,258 1,269 1,284
1,305 1,319 1,332
1,345 1,355 1,380
1,362 1,371 •,396
1,423 1,444 1,490
1,517 1,546 1,570
1,599 1,627 1,667
1,656 1,678 1,723
1,774 1,809 1,856
1,882
1,918 1,943
1,964 1,991 2,021
1,991 1,991 2,007
2,027 2,055 2,103
2,120 2,151 2,166
2,190 2,219 2,245
Change during •ount
period •atstandin•
123 .....
287 .....
354 .....
224 .....
316 .....
350 .....
438 .....
516 .....
459 .....
14 1,241
-16 1,254 -3 1,262
4 1,261
16 1,271 ii 1,278 15 1,283
21 1,297 14 1,305 13 1,320
13 1,333 I0 1,344 25 1,362
-18 1,377 9 1,398
25 1,419
27 1,437 21 1,456 46 1,486
27 1,508 29 1,531 24 1,556
29 1,585 28 1,612 40 1,644
-ii 1,674 22 1,710 45 1,751
51 1,794 35 1,822 47 1,849
26 1,871
36 1,899 25 1,928
21 1,948 27 1,971 30 1,993
-30 2,013 2,030 ---•6 2,044
20 2,052 28 2,069 48 2,090
17 2,107 31 2,130 15 2,151
24 2,173 29 2,197 26 2,214
Change during period
13 8
-I
i0
7
5
14
8
15
13
II
18
15
21
21
18
19
30
22
23
25
29
27
32
30
36
41
43
28
27
22
28
29
20
23
22
20
17
14
8
17
21
17
23
21
22
24
17
Amount
outstanding
1,698 2,051 2,381 2,607 2,917 3,260 3,699 4,233 4,769
1,521
1,507 1,513 1,524
1,554 1,568 1,592
1,614 1,641 1,652
i",667 1,678 1,698
1,691 1,708 1,740
1,786 1,823 1,871
1,904 1,944 1,981
2,017 2,041 2,051
2,047 2,070 2,101
2,153 2,196 2,249
2,274 2,315 2,338
2,354 2,368 2,381
2,364 2,367 2,386
2,407 2,438 2,477
2,505 2,542 2,662
2,578 2,596 2,607
Change during period
177
353
330
226
310
343
439
534
536
13
-14 6
ii
3O
14
24
22
27
ii
15
Ii
2O
-7
17
32
46
37
48
33
40
37
36
24
10
-4
23
31
52
43
53
25
41
23
16
14
13
-17
3 19
21
31
39
28
37
2O
16
18
ii
Amount
outstanding
1,513
1,528 1,542 1,552
1,568 1,577 1,589
1,604 1,618 1,628
1,644 1,665 1,690
1,715 1,741 1,772
1,804 1,834 1,865
1,893 1,919 1,954
1,989 2,021 2,041
2,074 2,110 2,142
2,177 2,209 2,242
2,263 2,285 2,308
2,324 2,345 2,367
2,393 2,413 2,430
2,436 2,453 2,470
2,493 2,509 2,529
2,545 2,570 2,591
Change during period
17
15 14
i0
16
9
12
15
14
10
16
21
25
25
26
31
32
30
31
28
26
35
3• 32
20
33
36
32
35
32
33
21
22
23
16
21
22
26
20 17
6
17
17
23
16
20
16
25
21
94
TABLE 38.-.LOANS TO MEMBERS BY CREDIT UNIONS, DECEMBER 1957-DECEMBER 1966 (Continued)
(in millions of dollars)
FCU/'66
Federal credit unions State-chartered credit unions
Not adjusted for Adjusted for Not adjusted for Adjusted for Period seasonal variation seasonal variation seasonal variation seasonal variation
Change Amount during
outstanding period
1962:
January ..................
February ................
March ....................
April ....................
May ......................
JuQe .....................
July .....................
August ...................
September ................
October ..................
November .................
D•cember .................
1963:
January ..................
February .................
March ....................
April ....................
May ......................
dune ....................
July ....................
August ...................
September ................
October ..................
November .................
December .................
1964:
January ..................
February .................
March ....................
April ....................
May ......................
June .....................
July .....................
August ...................
September ................
October ..................
November .................
December ................
1965: I ii!!!i!!iiiiiiiiii!iiiiii!
i Aprl [ ................... J
May .....................
June ....................
gULF ......................
August ...................
Se p tembe r ................
October ..................
November .................
Dscember .................
!966:
.{anuary ..................
February .................
March .....................
April .....................
May ......................
.June .....................
Ju i v - .....................
AugLn; t ......................
September ................
t)c [ob• r .......................
g•ovembe r ...................
D•e:nber .................... ]
Change Amount during
outstanding perioJ
2,214 -31
2,214 .....
2,234 20
2,276 42
2,324 48
2,375 51
2,406 31
2,442 36
2,454 12
Change Amount during
outstanding period
2,236 22
2,257 21
2,277 20
2,306 29
2,338 32
2,361 23
2,389 28
2,415 26
2,437 22
Change Amount during
outstanding period
2,581 -26
2,581 .....
2,602 21
2,648 46
2,693 45
2,739 46
2,769 30
2,828 59
2,847 19
2,484 30
2,523 39
2,561 38
2,540 -21
2,543 3
2,573 30
2,622 49
2,669 47
2•728 59
2,761 33
2,794 33
2,808 14
2,842 34
2,864 22
2,91] 47
2,873 -38
2,888 15
2,919 31
2,975 56
3,032 57
3,110 78
3,157 47
3,195 38
3,230 35
3,259 29
3,285 26
3,349 64
3,301 -48
3,320 i9
3,385 65
3,475 90
3,543 68
3,634 9i
3•673 39
3,723 50
3,748 25
3,769 21
3,809 40
3,865 56
3,795 -70
3,813 18
3,873 60
3,930 57
3,992 62
L, 087 95
4 •1)7 20
4• !7i 5L•
4, !;)• 3'J
4, i 7 '• f; 6
2,464 27
2,498 34
2,526 28
2,568 2,595 2,623
2,654 2,682 2,709
42
27
28
31
28
27
2,736 27
2,761 25
2,786 25
2,819 33
2,844 25
2,876 32
2,908 2,947 2,976
3,008 3,047
3,085
3,[29 3, 157
3,201
3,233 3,265 3,309
3,351 3,395 3,447
3,507 3,554 3,594
3,637 3,675 3,7[[
3=743 3,790 3,823
3>861 3,903 3,944
3,966
4,004 4=(•43
4,070 4,
TABLE 39.--TOTAL SAVINGS IN CREDIT UNIONS, DECEMBER 1957-DECE,V, BER 1966
(In millions of dollars)
Perio•
1958 .....................
1959 .....................
1960 ........................
1961 .....................
1962 ......................
1963 ......................
1964 .....................
1965 .......................
1966 .....................
1957:
•ber ..................
1958:
January ...................
February ..................
.......................
Apri .....................
Ma• ......................
June ......................
Jul) ......................
Aug' • t ....................
Se• =tuber .................
Octo •er ...................
No iber ..................
•ber ..................
1959:
January ...................
February ..................
March .....................
Apri .....................
May ......................
......................
July ......................
Aug •t ....................
Sep •mber .................
October ...................
nher ..................
nber ..................
1960:
January ...................
February ....................
M•z ......................
Apri .....................
May .......................
June ......................
July ......................
Au• st ....................
Se• ember .................
October ...................
November ..................
mher ..................
1961:
January ...................
uary ..................
March .....................
April .....................
May ......................
June ......................
Jul ......................
Aug It ....................
Se I ember .................
ber ...................
November ..................
mher ..................
Federal credit unions
Not adjusted for ;•justed for
seasonal variation seasonal variation
Amount
ouLsLa(•diug
1,812 2,075 2,344
2,673 3,020
3,453 4,017
4,538 4,944
1,589
1,606 1,616 1,634
1,645 1,666 1,685
1,696
1,705 1,724
1,752 1,778 ,
1,812
1,833 1,844 1,865
1,877 1,901 1,925
1,938 1,951 1,972
2,005
?,035 2,075
2,097 2,106 2,129
2,139 2,167
2,190
2,201 2,210 2,233
2,269 2,301 2,344
2,369 2,381 2,:408
2,421 2,453 2,480
2,495 2,511 2,538
2,583 2,621 2,673
Change during
p•iud
223
263
269
329
347
433
564
521
406
32
17
i0
18
ii
21
19
ii
9
19
28
26
34
21
ii
21
12
24
24
13
13
21
33
3O
4O
22
9
23
i0
28
23
II
9
23
36
32
43
25
12
27
13
32
27
15
16
27
45
38
52
.%moun t
ouL• La;id I.•
1,575
1,592 1,613 1,629
1,648 1,666 1,683
1,703 1,720 1,741
1,759 1,778 1,796
1,817 1,840 1,859
1,881 1,901 1,923
1,946 i 1,969
1,990
2,011 2,035
2,056
2,078 2,100 2,123
2,143 2,167 2,188
2,210 2,230 2,253
2,276 2,301 2,323
2,348 2,374 2,398
2,423 2,453
2,478
2,505 2,536 2,564
2,591 2,621 2,649
State-chartered credit unions•i/
Not adjusted for
seasonal variation
Change during Amount
period outstanding
...... 2,057 ...... 2,366 ...... 2,637 ...... 2,966 ...... 3,311 ...... 3,712 ...... 4,208 ...... 4•682 ...... 5,127
20 1,792
17 1,813 21 1,824 16 1,846
19 1,859 18 1,885 17 1,907
20 1,921 17 1,931 21 1,955
18 1,987 19 2,019 18 2,057
21 2,083 23 2,095 19 2,120
22 2,136 20 2,163 22 2,191
23 2,208 23 2,222 21 2,248
21 2,286 24 2,319 21 2,366
22 2,390 22 2,398 23 2,419
20 2,428 24 2,458 21 2,482
22 2,490 20 2,498 23 2,520
23 2,580 25 2,590 22 2,637
25 2,662 26 2,673 24 2,698
25 2,710 30 2,743 25 2.771
27 2,783 31 2,798 28 2,826
27 2,873 30 2,910 28 2,966
Change during
period
265
309
271
329
345
401
496
474
445
36
21
ii
22
13
26
22
14
I0
24
32
32
38
26
12
25
16
27
28
17
14
26
38
33
47
24
8
21
9
30
24
8
8
22
40
3O
47
25
II
25
12
33
28
12
15
28
47
37
56
Adjusted for
seasonal variation
AmDunt
out3tandin•
1,776
1,797 1,819 1,840
1,863 1,885 1,905
1,929 1,949 1,973
1,995 2.019 2,041
2,064 2,089 2,114
2,140 2,163 2,189
2,217 2,242 2,271
2,295 2,319 2,347
2,369 2,391 2,412
2,433 2,458 2,480
2,500 2,521 2,545
2,570 2,590 2,616
2,641 2,665 2,687
2,713 2,740 2,768
2,797 2,823 2,852
2,885 2,910 2.945
Change
during
period
22
21
22
21
23
22
20
24
20
24
22
24
22
23
25
25
26
23
26
28
25
29
24
24
28
22
22
21
21
25
22
2O
21
24
25
20
26
25
24
22
26
27
28
29
26
29
33
25
35
96
1962:
Period
TABLE 39.--TOTAL SAVINGS IN CRED T UNIONS DECEMBER 1957-DECEMBER 1966 (Continued)
(In millions of dollars)
Federal credit unions
Not adjusted for Adjusted for seasonal variation seasonal variation
State-chartered credit unionsl/
Not adjusted for Adjusted for seasonal variation seasonal variation
FCU/'66
Amount
outstanding
January ...................
February ..................
March .....................
April .....................
May .......................
June ......................
July ......................
August ....................
September .................
October ..................
November .................
December ..................
1963:
January ...................
February ..................
March .....................
April .....................
May .......................
June ......................
July ......................
August ....................
September .................
October ..................
November .................
December ..................
1964:
January ...................
February ..................
March .....................
April .....................
May ......................
June .....................
July ......................
August ....................
September .................
October ...................
November ..................
December .................
1965:
2,708 2,719 2,752
2,757 2,785 2,816
2,827 2,835 2,866
2,915 2,953 3,020
3,054 3,066 3,109
33124 3,165 3,197
3,219 3,238 3,277
3,336 3,393 3,453
3,484 3,508 3,536
3,572 3,632 3,683
3,713 3,742 3,787
3,859 3,921 4,017
Change during period
35
ii
33
5
28
31
ii
8
31
49
38
67
34
12
43
15
41
32
22
19
39
59
57
6O
31
24
28
36
60
51
30
29
45
72
62
96
Change •ount
outstanding
2,681 2,711 2,738
2,760 2,785 2,813
2,838 2,864 2,895
2,924 2,953 2,993
3,027 3,057 3,097
3,127 3,162 3,194
3,232 3,271 3,310
3,346 3,390 3,422
3,456 3,498 3,529
3,576 3,632 3,679
3,728 3,780 3,825
3,871 3,913 3,981
during period
32
30
27
22
25
28
25
26
31
29
29
4O
34
30
4O
30
35
32
38
39
39
36
44
32
34
42
31
47
56
47
49
52
45
46
42
68
Amount
outstanding
2,990 3,014 3,050
3,065 3,095 3,123
3,132 3,157 3,182
3,220 3,271 3,311
3,345 3,371 3,409
3,429 3,474 3,494
3,512 3,529 3,554
3,604 3,665 3,712
3,760 3,790 3,821
3,859 3,909 3,952
3,977 3,997 4,041
4,105 4,163 4,208
January ...................
'
4,028 February .................. 4,046 March ..................... 4,077
April .....................
E
4,099 May ....................... 4,147 June ...................... 4,215
July ...................... 4,230 August .................... 4,250 September ................
j 4,299
Octobe= ................... 4,379 November .................. 4,447 December .................. 4,538
1966: !
January .................. 4,527 February .................. 4,542 March ..................... 4,571
April .....................
•
4,592 H•y ......................
] 4,640 June .....................
• 4,702
July ..................... • 4,699 August ...................
'
4,701 September ................. 4,745
October .................. 4,804 November ................. • 4,864 December ................. • 4,944
ii
18
31
22
48
68
15
2O
49
8O
68
91
-ii
15
29
21
48
62
-3
2
44
59
6O
80
3,996 4,038 4,081
4, 120
4, 159
4,207
4,247 4,289 4,329
4,383 4,429 4,467
4,496 4,533 4,576
4,615 4,654 4,693
4,718 4,744 4,774
4,809 4,845 4,871
15
42
43
39
39
48
4O
42
40
54
46
38
29
37
43
39
39
39
25
26
30
35
36
26
4,248 4,286 4,321
4,350 4,393 4,429
4,449 4,461 4,497
4,566 4,626 4,682
4,748 4,781 4,820
4,845 4,884 4,924
4,934 4,944 4,975
5,025 5,073 5,127
I/ Includes members' deposits in State credit unions only.
Change during period
24
24
36
15
3O
28
9
25
25
38
51
4O
34
26
38
20
45
20
18
17
25
5O
61
47
48
30
31
38
5O
43
25
2O
44
64
58
45
40
38
35
29
43
36
20
12
36
69
60
56
66
33
39
25
39
40
i0
I0
31
50
48
54
Change Amount during
outstanding period
2,969 24
3,002 33
3,035 33
3,065 30
3,089 24
3,120 31
3,148 28
3,182 34
3,211 29
3,236 25
3,268 32
3,295 27
3,325 30
3,358 33
3,395 37
3,426 31
3,464 38
3,491 27
3,526 35
3,557 31
3,586 29
3,618 32
3,658 40
3,694 36
3,738 44
3,775 37
3,806 31
3,855 49
3,897 42
3,944 47
3,989 45
4,029 40
4,078 49
4,121 43
4,159 38
4,195 36
4,223 28
4,265 42
4,304 39
4,346 42
4,380 34
4,420 40
4,462 42
4,492 30
4,538 46
4,580 42
4,621 41
4,668 47
4,720 52
4,757 37
4,801 44
4,840 39
4,874 34
4,914 40
4,949 35
4,979 30
5,020 41
5,035 15
5,068 33
5,112 44
U,S. GOVERNMENT PRINTING OFFICE : |967 0--Z78-919
97
