|
Wisconsin credit unions saved their 2.2 million members more than $188 million* in 2008 by providing
member-favored pricing for financial services. That’s a savings of $169 per household.
Savings were seen for:
LOANS |
SAVINGS COMPARED TO BANKS |
New car loans |
$ 10,058,751 |
| Used car loans |
$ 31,792,713 |
Personal unsecured loans |
$ 6,816,591 |
| 1-year adjustable rate 1st mortgage |
$ 14,253,798 |
15-year fixed rate 1st mortgage |
$ 1,181,660 |
30-year fixed rate 1st mortgage |
$ 717,757 |
Home equity/2nd mortgage loans |
$ 18,970,020 |
Interest rebates in period |
$ 175,521 |
TOTAL |
$ 83,966,811 in total savings in lower loan rates |
SAVINGS |
SAVINGS COMPARED TO BANKS |
Regular savings accounts |
$ 8,093,750 |
Checking |
$ 2,036,597 |
Money market accounts |
$ 25,733,364 |
Certficate accounts |
$ 12,834,616 |
Retirement (IRA) accounts |
$ 6,413,991 |
TOTAL |
$ 55,112,318 in total savings on higher savings rates |
FEES |
SAVINGS COMPARED TO BANKS |
Across all types of accounts |
$ 49,827,524 in total savings on lower and fewer fees |
STATEWIDE TOTAL MEMBER SAVINGS
$188,906,653 million annually
* preceding 12-months ending September 2008
|
|
