June 2012

The savings really add up, thanks to Wisconsin credit unions!

Wisconsin credit unions saved their 2.2 million members more than $202 million* in 2011 by providing member-favored pricing for financial services.

Savings were seen for:

Loans
Savings compared to banks
New car loans
$10,349,252
Used car loans
$44,591,519
Personal unsecured loans
$5,553,350
5-year adjustable rate 1st mortgage
$50,271,550
30-year fixed rate 1st mortgage
$355,128
Home equity/2nd mortgage loans
$17,561,758
Interest rebates in period
$110,576

$128,773,133 in total savings in lower loan rates

 
Savings Accounts
Savings compared to banks
Regular savings accounts
$4,938,460
Checking
$1,671,651
Money market accounts $9,417,775
Certficate accounts $16,509,146
Retirement (IRA) accounts
$4,131,814

$36,668,846 in total savings on higher savings rates

 

Fees Savings compared to banks
Across all types of accounts $36,550,331 in total savings on lower/fewer fees

STATEWIDE TOTAL MEMBER SAVINGS $202 million

* Preceding 12-months ending September 2011


Find more information online!

Click here for more resources from The League

View our Scorecard, which details how credit unions deliver value to their members


 
Tom Liebe, Vice President of Government Affairs
(608) 514-0082 • tliebe@theleague.coopwww.theleague.coop
Credit Union House: 1 East Main St., Suite 101, Madison, WI 53703-5109