The credit union industry reported 11.09% in dividend payout as of June 2013, down from 13.28% reported in the previous June. While operating expenses have risen at credit unions, interest incomes have decreased due to a low rate environment. This has made it more difficult for most credit unions to keep their old higher dividend payout ratio.Data shows that all states except District of Columbia posted an annual decrease in dividend payout.
Among all states, North Carolina led the nation in dividend payout ratio of 18.66%, down from 22.81% from a year ago.Credit unions in Iowa came in second with having paid out 15.45% of their total incomes as dividends to their members as of second quarter. District of Columbia ranked fifth with 13.8% in dividend payout ratio, up 2.3 percentage points from the rate reported in the previous June.
LEADERS IN DIVIDEND PAYOUT
Data as of June 30, 2013 For All Credit Unions
Callahan & Associates | www.creditunions.com
Generated by Callahan & Associates Peer-to-Peer Analytics