Who are the top ten credit unions in dividend payout ratio?

 
 

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