Estimated 1st-Year Increases in Member Business Lending at Credit Unions Data source: NCUA and CUNA E&S. Data as of March 2010 Asumptions: 1. Grandfathered CUs (i.e., those currently above 15% MBLs/Assets) do not increase lending; 2. Non-MBL lenders lend in amount equal to 1% of assets on average under the new authority; 3. All other MBL CUs lend in amount equal to their current use rate; 4. First year increases: baseline estimate = 50% of new use rate; adjusted/conservative estimate = 40% of new use rate. 5. Employment increase is based on Council of Economic Advisors 5/09 ARRA job creation estimates ($92,000 in spending creates 1 job)
All US CU's Current total CU MBLs outstanding = Proposed new authority (% of assets) = Estimated 1st year increases in CU MBL loans: Baseline estimate (50% Use): Adjusted/conservative estimate (40% Use):
$36,904,173,465 27.5% $13,677,563,959 $11,329,275,407
Estimated increase in employment (Based on adjusted/conservative estimate of 1st year increase in CU MBLs) 123,144
State Alaska Alabama Arkansas Arizona California Colorado Connecticut District of Columbia Delaware Florida Georgia Hawaii Iowa Idaho Illinios Indianna Kansas Kentucky Louisiana Masschusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming Totals
Assets $5,979,542,575 $14,892,582,719 $2,259,745,433 $12,592,229,974 $126,144,187,325 $15,018,918,919 $8,546,513,277 $5,519,114,472 $1,747,650,474 $42,705,643,195 $16,179,401,117 $8,729,271,841 $8,711,246,492 $4,200,994,739 $33,093,525,182 $18,870,930,812 $6,064,469,002 $5,846,943,311 $8,342,260,988 $28,130,853,366 $18,003,171,112 $5,278,298,513 $38,941,705,512 $15,606,775,808 $8,714,287,147 $3,933,867,072 $3,746,995,986 $31,561,643,500 $2,219,789,667 $3,101,482,919 $4,882,077,366 $11,735,482,389 $6,632,974,405 $4,150,125,868 $51,723,186,112 $20,851,536,994 $9,436,630,665 $15,885,087,618 $32,898,812,501 $525,097,657 $4,258,269,270 $9,532,486,794 $2,187,441,105 $15,335,836,097 $65,241,531,649 $14,940,653,806 $77,197,996,168 $2,543,327,668 $29,369,108,297 $20,843,043,204 $2,717,940,165 $1,851,644,458 $909,424,332,705
Members MBLs Outstanding MBLs / Assets 586,870 $342,451,270 5.73% 1,752,740 $404,944,687 2.72% 315,179 $3,922,075 0.17% 1,567,040 $635,926,064 5.05% 9,868,143 $8,466,271,876 6.71% 1,462,745 $518,810,259 3.45% 875,980 $71,918,373 0.84% 331,714 $2,203,106 0.04% 215,850 $2,278,352 0.13% 4,567,216 $1,167,779,296 2.73% 1,805,597 $666,856,891 4.12% 812,638 $388,642,711 4.45% 962,471 $580,599,379 6.66% 534,322 $62,136,017 1.48% 2,759,609 $865,862,652 2.62% 2,244,410 $1,446,962,808 7.67% 783,093 $151,860,374 2.50% 720,188 $90,127,664 1.54% 1,174,877 $81,245,356 0.97% 2,449,640 $1,042,263,427 3.71% 1,775,347 $260,217,095 1.45% 609,265 $136,589,839 2.59% 4,432,556 $867,251,175 2.23% 1,513,616 $819,832,268 5.25% 1,174,422 $194,792,474 2.24% 554,856 $31,437,662 0.80% 388,101 $457,057,101 12.20% 3,168,418 $792,827,723 2.51% 200,537 $617,413,634 27.81% 421,956 $144,324,587 4.65% 460,297 $144,964,600 2.97% 1,124,779 $336,736,303 2.87% 652,175 $204,964,193 3.09% 397,832 $287,900,081 6.94% 4,448,593 $3,683,434,922 7.12% 2,661,943 $536,709,621 2.57% 1,016,179 $248,444,956 2.63% 1,492,432 $911,355,184 5.74% 3,543,113 $556,398,138 1.69% 70,563 $5,688,824 1.08% 326,044 $200,560,138 4.71% 1,366,264 $42,419,088 0.44% 240,353 $114,329,499 5.23% 1,800,642 $561,602,032 3.66% 7,452,399 $2,068,754,932 3.17% 1,758,929 $1,340,311,125 8.97% 6,760,081 $614,722,495 0.80% 293,213 $101,003,656 3.97% 2,686,450 $1,269,423,268 4.32% 2,236,741 $2,213,491,584 10.62% 390,683 $69,652,432 2.56% 208,499 $50,296,400 2.72% 91,417,600 $36,877,969,666 4.06%
Estimate First Year Change in MBLs Outstanding (use @ 50%) $201,377,675 $184,116,274 $6,344,644 $184,376,780 $2,244,994,176 $291,979,258 $72,387,760 $12,252,082 $9,121,749 $652,708,834 $414,047,914 $218,308,048 $197,063,753 $24,293,671 $575,575,540 $440,924,377 $70,370,481 $60,111,047 $61,911,751 $434,822,753 $166,104,071 $69,102,620 $534,424,971 $203,258,778 $116,777,049 $19,288,469 $21,892,894 $437,691,663 $18,351,238 $59,610,598 $55,957,243 $183,289,346 $97,429,346 $60,844,865 $922,819,239 $336,769,533 $134,868,337 $302,728,470 $325,963,116 $5,072,986 $107,102,465 $39,965,211 $39,336,201 $295,059,843 $852,146,271 $354,877,788 $410,815,896 $64,211,336 $547,479,268 $458,496,691 $39,432,771 $32,600,314 $13,670,857,453
Conservative Estimate First Year Change in MBLs Estimated Outstanding Additional (use @ 40%) Employment $163,309,224 1,775 $157,299,133 1,710 $5,075,715 55 $147,501,424 1,603 $1,876,729,588 20,399 $236,535,089 2,571 $57,910,208 629 $9,801,665 107 $7,297,399 79 $531,532,267 5,778 $332,182,939 3,611 $174,646,439 1,898 $171,316,312 1,862 $19,897,900 216 $460,964,433 5,010 $364,110,002 3,958 $57,609,142 626 $48,088,838 523 $49,529,401 538 $351,817,221 3,824 $139,077,062 1,512 $56,574,353 615 $430,835,584 4,683 $169,269,168 1,840 $96,135,422 1,045 $15,515,135 169 $17,621,116 192 $363,343,622 3,949 $16,691,080 181 $49,429,453 537 $49,397,032 537 $149,199,158 1,622 $77,943,476 847 $58,526,946 636 $758,804,869 8,248 $274,263,006 2,981 $114,639,460 1,246 $248,481,652 2,701 $274,027,181 2,979 $4,058,389 44 $89,312,261 971 $31,972,169 348 $31,896,207 347 $249,113,438 2,708 $700,161,555 7,610 $331,923,550 3,608 $329,907,049 3,586 $51,369,069 558 $472,662,969 5,138 $389,054,285 4,229 $33,469,898 364 $26,080,251 283 $11,323,910,203 123,086