The industry average for dividend payout ratio, the percent of income paid out to members in dividends, stood at 9.87% as of June 2013, down from 13.28% reported in the same quarter last year. The fall in dividend payout ratio is attributed to a decrease in credit unions’ earnings from yields on loans and incomes due to historic low-rate environment.
Among credit unions over $20 million in assets, Division 819 Transit Employees ($22.9M, Irvington, NJ) led the nation in dividend payout ratio as of June 2013. The credit union paid out $469,229 in dividends on members’ share accounts, which is equivalent to 60.46% of its total income as of second quarter. Bucks County Employees ($29.5M, Doylestown, PA) was the next leader in dividend payout ratio with 58.36% of its income being paid out in dividends.
leaderS in dividend payout ratio
Data as of June 30, 2013 for Credit Unions over $20M in Assets
© Callahan & Associates | www.creditunions.com
|
|
Credit Union |
State |
Dividends/Income |
Total Income |
Dividends |
Total Assets |
|
1 |
DIVISION 819 TRANSIT EMPL |
NJ |
60.46% |
$283,696 |
$469,229 |
$22,939,034 |
|
2 |
BUCKS COUNTY EMPLOYEES |
PA |
58.36% |
$257,195 |
$440,677 |
$29,521,816 |
|
3 |
DAKOTA TELCO |
ND |
51.76% |
$80,439 |
$155,411 |
$20,783,494 |
|
4 |
STATE FARM |
IL |
51.64% |
$15,184,817 |
$29,404,663 |
$3,916,275,147 |
|
5 |
TRIBORO POSTAL |
NY |
49.17% |
$786,318 |
$1,599,034 |
$127,426,478 |
|
6 |
LUFTHANSA EMPLOYEES |
NY |
49.07% |
$476,468 |
$970,914 |
$100,879,360 |
|
7 |
AFLAC |
GA |
48.50% |
$1,059,790 |
$2,184,909 |
$181,666,218 |
|
8 |
MERCK EMPLOYEES |
NJ |
47.09% |
$9,591,563 |
$20,368,521 |
$1,873,079,890 |
|
9 |
KULA COMMUNITY |
HI |
46.28% |
$274,843 |
$593,932 |
$41,302,184 |
|
10 |
SAN JOAQUIN POWER EMPLOYEES |
CA |
44.95% |
$884,325 |
$1,967,367 |
$122,839,748 |
Source: Callahan & Associates’ Peer-to-Peer Analytics
Callahan & Associates’ 2014 Directory