Page 7 - MCUL: Contact Magazine - Q4 2019

5.46 $424 Million in Direct Financial

MILLION Benefits to 5.46 Million Members
MEMBERS

3 % $78 $167

INCREASE PER MEMBER PER MEMBER
YEAR ENDING JUNE 2019 HOUSEHOLD

LOWER CREDIT CARD FEES LOWER HOME EQUITY LOAN RATES

$24.56 $34.18 5.46% 5.82%

CREDIT UNIONS BANKS CREDIT UNIONS BANKS

LOWER INTEREST RATES FOR NEW AND USED CAR LOANS

AVERAGE 60 MONTH NEW CAR LOAN AVERAGE 48 MONTH USED CAR LOAN

3.68% 4.43% 3.69% 4.59%

CREDIT UNIONS BANKS CREDIT UNIONS BANKS

MORE SAVINGS HIGHER CD RATES

$
$210

MORE IN CLOSING AVERAGE 1YR CERTIFICATE ($10,000 BALANCE)
COST SAVINGS
COMPARED TO BANKS 1.31% .89%

CREDIT UNIONS BANKS

Data based on Mid-Year 2019 CUNA Member Benefits Report & Mid-Year 2019 CUNA Call Report

Data based on Mid-Year 2019 CUNA Member Benefits Report & Mid-Year 2019 CUNA Call Report

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