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K Credit Unions 'aiss D Epargn E Et De Credit

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CATALOGUE No. 61-209 ANNUALANNUEL 1968 LK C, 3 Credit Unions 'aiss d epargn e et de credit y"MPI p DOMINION BUREAU OF STATISTICS BUREAU FEDERAL DE LA STATISTIQUE hud P ''bI carT Le Uoiument petit cite reproduut en route libWe peurvu pu A indique qrrI ernane du 111S PW - 4-J itU. ii - i a - all it ji 7 II 4'Zo. Or Vq 41 r — - - - - •T -w4 - -- 4 r '- ; - - -! ,.- v; I I• -. - :-k 1 \-• Fy -Ot . - - If i-1 - _-.-- :- H II - ' 1 I - - I •-IS I -- 7 - I-- k. - •1'- - _a DOMINION BUREAU OF STATISTICS —BUREAU FEDERAL DE LA STATISTIQUE Business Finance Division - Division des finances des entreprises Financial Institutions Section - Section des institutions financières CREDIT UNIONS CAISSES D'PARGNE ET DE CRDIT Published by Authority of The Minister of Industry, Trade and Commerce Publication out orisée par le ministre de I'Industrie et du Commerce Price—Pri: 75 cents May - 1970 - Mai 6609-526 The Queen's Printer Ottawa L'Imprlmeur de Is Reine Ottawa I SYMBOL S The following standard symbols are used in Dominion Bureau of Statistics publications: SIGNES CONVENTIONNELS Les signes conventionnels suivants sont employds uniformément dans les publications du Bureau fédéral de la stat is t i que. figures not available. nombres indisponibles. figures not appropriate or not applicable. nayant pas lieu de figurer. - nil or zero. - - amount too small to be expressed. p preliminary figures. - néant ou zero. -- nombres infimes. nombres provisoires. r revised figures. r nombres rectifiés. x confidential to meet secrecy requirements of the Statistics Act. x confideritiel en vertu des dispositions de la Loi sur la statistique relatives au secret. TABLE OF CONTENTS TABLE DES MATIERES Page Introduction Introduction ................... 4 llniformisation des statrstlques ..................................... 4 Standardization of Statistics Methodology Page 4 .................................... Number and Classification of Local Credi Unions 5 L Methode ............................................ ......................... 5 ............... Nombre de sociétaires des caisses locales d'epargne et de credit Loans ........ 6 Avoir des soci,taires ........................................... 6 Prêts Financial Statements of Local Credit unions 7 ................................................... ................................................ Central Credit Unions 8 ........................... Charts Caisses centrales 4 4 5 5 6 6 7 8 ................................... tats financiers des caisses locales d'epsrgne at de credit 4 ............................................. Members' Equities of Local Credit Unions ................................................ Membership in Local Credit Unions ................................................. Nombre et classement des caisses locales d'dpargne et de credit ....................................... Graphique s 1. Growth of Membership in Local Credit Unions 2. Composition of Assets, Liabilities and Equity of Local Credit Unions by Province .................................... 9 ........ 10 1. Croissance du nouibre de sociétaires, dana lea caisses d'epargne et de credit locales 2. Composition de l'actif, du passif et de 1avojr des caisses d'epargne et de credit locales, par province .................... ............................................. Tables 9 10 Tableaux 1. Growth Record of Local Credit Union ......... 11 1. Croissance des caissea locale8 d'Cpargne et de credit 2. Avoir et depots par sociétaire, caisses locales ............................................ 2. Deposits and Equity by Province per Credit Union Member 3. Rate of Growth of Book Equity per Local Credit Union Member 4. Memberships in Local Credit Unions .............................. 12 12 14 ....................... .......... 5. Local Credit Unions Chartered in Canada ..... 14 6. Local Credit Union Classified by Asset Size. 14 7. Local Credit Unions Classified by Type of Association 8. Loans Made by Local Credit Unions ............................... ........... 9. Statements of Loan Accounts of Local Credit Unions 10. Number of Loans of Local Credit Unions .................................... ...... 16 16 18 20 ..... 3. Taux de croissance de l'avoir comptable, par sociftaire, caisses locales 4. Ncxnbre de sociétaires des caisses locales d'epargne et de credit 5. Caisses locales d'epargne et de credit I charte, Canada 6. Classement des caisses locales d'epargne et do credit suivant l'actif 7. Caisses locales d'epargne et de credit classées par genre d'asgociation 8. PrBta consentis par les caisses locales d'épargne at credit 9. Etata des comptes de prOts des caisses locales d'epargne et de credit 10. Nombre de prBts des caisses locales d'epargne et de credit 11. But des prêta consentis 12. But en pourcentage du total des prBts, par province 13. Taux d'intérBt et do dividende des caisses locales d'fpargne et de credit ............................ 14. Personnel des caisses locales d'épargne et de credit 15. PrPts consentis par lea caisses centrales d'épargne et de credit ...................................... 16. Bilans, 1968 ........................................ 17. Bilans, sous forme de pourcentages, 1968 ............ 18. Etats des revenus et des dépenses, 1968 ............. 19. 9tats des revenus et des dépenses, sosis formes de p ourcentages, 1968 ................................ 20. Etats des bénéf ices non repartis, 1968 .............. 21. 9tats des comptes de reserve, 1968 .................. 22. Bilans, 1967 ........................................ 23. Bilana, sous forme de pourcentages, 1967 ............ 24. Etats des revenus et des dépenses, 1967 ............. 25. tats des revenus at dea depenses, sous (orme do p ourcentages, 1967 ................................ 26. 9tats des bénéfices non repartis, 1967 .............. ............................ 12 ...................................... 14 ............................................ 14 ................................... 14 ............................... 16 ............................................ 16 ............................ 18 ............................................ 11. Purpose of Loans 12. Purpose as a Percentage of Total Loans 13. Schedule of Interest and Dividend Rates of Local Credit Unions 14. Employees of Local Credit Unions 15. Loans made by Central Credit Unions ............................ ...... ....................... ............ ......... 16. Balance Sheets, 1968 17. COn-Size Balance Sheets, 1968 18. Statements of Operations, 1968 19. Ccsmson-Size Operating Statements, 1968 ........................ ............ .............. 22 24 24 26 26 28 30 32 34 ........ ............ 36 38 40 42 44 46 ........................ .............. ...... 26. Statement of Undistributed Surplus, 1967 ...... 20. Statements of Undistributed Surplus, 1968 21. Statements of Reserve Accounts, 1968 22. Balance Sheets, 1967 23. Coemion-Size Balance Sheets, 1967 24, Statements of Operations, 1967 25. CcEuion-Size Operating Statements, 1967 48 11 12 ............................. 20 22 24 24 26 26 28 30 32 34 36 38 40 42 44 46 48 INTRODUCTION The year 1968 proved to be another one of continuing growth for the credit union movement in Canada. Despite a difficult financial climate in which monetary and credit restraints were beginning to be implemented and competition was becoming more intensified particularly for deposits from banks and trust companies, local credit unions showed an increase in deposits to $1,980 million from $1,780 million in the previous year for an increase of over 11% and an increase in share capital to $1,346 million from $1,269 million for an increase of over 67.; or in other words an overall increase of funds from members of 97,. En 1968, une fois encore le mouvement en faveur des caisses d'epargne et de credit au Canada a continue de croitre. En dépit d'un clitnat financier difficile o4 lee restrictions concernant Is monnaie et le credit ont coeencé E atre mises en application Ct oO Ia concurrence devenait de plus en plus intense, particulièrement en cc qui a trait aux dCpCts des banques et des sociétfs de fiducie, lea d6p8ts des caisses locales d'épargne at de credit sont montés a 1,980 millions de dollars contre 1,780 millions l'année précedentc, soil une augmentation de plus de II p. 100, et le capital-action a atteint 1,346 millions de dollars contre 1,269 millions, soit une augmentation de plus de 6 p. 100; en d'autres termes, lee fonda des membres ont, au total, augmenté de 9 p. 100. liring the same period, membership in credit unions increased by some 324,000 to a total memberships of 4,632,400 for a 6% increase over the previous year. Total assets of all credit unions increased by 107. to $3,700 million while equity and deposits per member rose to $767 from $758 during the year for an increase of l. Au cours de Ia m8me période, le nombre de membres de caisses d'épargne et de credit s'est accru de quelque 324,000 par rapport a l'année précédente pour atteindre 4,632,400, ce qui reprdsente un accroissement de 6 p. 100. Le montant total de l'actif de l'ensemble des caisses a augmenté de 10 p. 100 et atteint 3,700 millions de dollars, et la valeur de l'avoir social et des d6p8ts par inembre a atteint au cours tie l'année 767 dollars contre 758, soit I p. 100 de plus que l'snnée precddente. Standardization of Statistics After considerable research by a national cousnittee under the chairmanship of Mr. A. A. Heidt and discussions covering several national and regional meetings, a standardized questionnaire was officially accepted and approved for use by all provinces at the 14th Interprovincial Conference of the National Association of Administrators of Co-operative Legislation in June 1967. Upon implementation by all provinces of this standardized questionnaire, the credit union movement should have a soundly based structure of statistical data on which the credit unions could compare their performance with other financial intermediaries; provinces could compare performance with other provinces; and policy decisions on the credit union movement could be more prudently based. Methodology Unifoxmisation des statistiques A la suite tie recherches intensives menées par un comitC national, sous Ia présidence de N. A. A. }leidt, et de discussions au cours de plusieurs reunions nationales et regionales, on a officielleinent accepte et approuvd en juin 1967, 1 la l4 conference interprovinciale de Is National Association of Administrators of Co-Operative Legislatip, un questionnaire uniforme I l'usage de toutes les provinces. DEs l'adoption par toutesles provinces de ce questionnaire normalise, les caisses d'épargne et tie credit auront une solide infrastructure de donnties statistiques qui leur permettrs de confronter leur residement avec celui d'autrea organismes financiers, qul permettra les comparaisons entre provinces, et qui fera que lea decisions de principe touchant le mouvement cooperatif de credit se prendront avec plus tie prudence. C'est Ia premiEre fois qu'on assaie d'uniformiser Is presentation dans le cas des caisses d'Cpargne et de credit. Méthode The department responsible for the administration of credit unions in each province collects data from unions chartered to do business in that province. The department then analyses and tabulates the data into provincial aggregates and submits a report for the whole province on the standardized form to the Dominion Bureau of Statistics. Le ministEre provincial charge tie l'administration des caisses d'épargne et de credit recueille lea données auprls des caisses autorisées par charte I exercer dana Ia province. La ministEre analyse ces données, lee met en tableaux et fait une declaration pour l'ensemble tie Ia province au Bureau federal tie is statistique. DES in turn analyses the provincial returns by comparison with other provincial returns and previous annual data. After researching inconsistencies, 085 proceeds to publish the annual report for credit union across Canada. Le B.F.S. analyse ensuite les declarations des provinces en lea comparant avec las données des autres provinces et avec lea statistiques annuelles antérteures. Apr15 analyse des incompatibilités, le B.F.S. entreprend Ia publication du rapport annuel sur lea caisses d'epargne et de credit pour toute le Canada. In many provinces an annual return from each active credit union chartered to carry on business is mandatory; other provinces provide data only for the credit unions from which they were able to obtain returns; others proceed to estimate for the non-reporting credit unions. Some provinces employ statistical techniques to estimate the non-reporters based on results of reporting credit unions. Other provinces attempt to estimate by actually completing a return for each missing credit union. Unless otherwise indicated, the data in this report reflects all active credit unions operating in the province. Dana Ia plupart des provinces, chaque caisse active ayant une charte eat soumise I Ia declaration annuelle; d'autres provinces fournissent lea données des seules caisses dont elles ont Pu obtenir lea declarations; d'autres enfin font une estimation des chiffres des caisacs non declarantes. Certaines provinces appliquent des methodes statistiques I l'évaluation des données des caisses non déclarantes, evaluation fondée sur lea résultata des caisses déclarantes. D'autres provinces tentent d'établir line estimation en rempliasant effectivement une declaration pour chaque caisse non déclarante. A moms d'Indication contraire, las données du present rapport concernent toutes lea caisses actives des provinces. This difference in treatment for non-reporting credit unions results in some discrepancies between the annual figures submitted in this report and data published in the quarterly Business Financial Statistics Ces diffCrentes façons tie proc8der dans le cas des caissee non declarantes se traduisent par un certain manque de concordance entre lea chiffres annuels figurent dans le present rapport et lee chiffres publiés trimestirellement dans Business -5- ceport (catalogue No. 61-006). In the quarterly figures, attempts are made to estimate data for every active credit union operating in Canada, province by province. Financial Statistics (nO de catalogue 61-006). Dana le cas des chiffres trimestriels, le B.F.S. tente d'évaluer lea donnees de toutes lea caisses actives de chacune des provinces. Provincial departments are currently at various stages of adopting and utilizing the standardized statistical format in the quarterly surveys. In order to provide DES with the required categories, some provinces tend to employ distribution ratios from the last available annual data to estimate the breakdown of some category items. As a result, the subsequent annuaL figures may differ somewhat on specific items from the quarterly figures but the subgroupe totals for the categories should generally agree. Les minis0rea provinciaux en sont actuellement 3 divers stades de l'adoption et de l'emploi, pour lea enqu8tes trimestrielles, des questionnaires statistiques normaliaés. En vise d'assurer au B.F.S. la repartition voulue des categories, certames provinces ont tendance 3 employer den quotients de rCpartition tires den dcrn0res statistiques annuelles do manièrca I faire une estimation pour certaines categories. II s'ensuit que les donnees annuelles qul en découlent peuvent diffCrer sur certaine points, des chiffres trimestriels, main lea totaux de sous-groupes des categories doivent genera Leinent concorder. Differences between the annual and quarterly data also occur because of various fiscal year-ends. Thus any comparison of the annual figures with the fourth quarter data from the quarterly Business Financial Statistics report should make allowances for these factors. Les differences de date de fin d'exercice financier constituent un autre facteur de desaccord entre lea données annuelles et los données trimestrjelles. Par consequent, toute comparaison des chiffres annuels avec lea données de quatrième tnmestre pubLies dana Business Financial Statistics doit tenir compte de cc facteur. In the coemn-sjze tables, the balance sheet uses total assets as the yardstick for measuring categories on a ca,innon basis and the operating statement uses total revenue for this purpose. Dana lea tableaux de pourcentages, l'actif total sert 3 mesurer les diverses categories sur une base ccamnune alons que le total des recettes eat employe 3 cette fin dams l'état den recettes et des depenses. Central credit unions are surveyed directly by DES. Each central is fully accounted for in the data published in this report. Le B.F.S. s'occupe directement des enqu8tea aupr3n des caisses centrales. Los données publiéea ici tiennent compte de chaque centrale. Number & Classification of Local Credit Unions Nombre et classeinent des caisses locales d'êpargne et de credit Tables, 5, 6 and 7 deal with the number and classification of local credit unions. Lea Tableaux 5, 6 et 7 portent sur le noqnbre et Is classement des caisses locales d'epargne Ct de credit. Table 5 illustrates that the number of local credit unions chartered again declined slightly, for a third year in a row to 4861 a decrease of 50 from 1967. Of the 4861 credit unions chartered, 360 failed to report and 128 are considered Inactive. Le Tableau 5 d&ontre que le nombre de caiasea loca lea a baisse legèrcment une troisième annee de suite, tombent 3 4861 soil 50 de moms qu'en 1967. Parssi ce noanbre, 360 n'ont pan fail de declaration et 128 sont considerees cosine inactives. According to Table 6, which shows the classification of credit unions by size of total assets. 51% of the credit unions are in the under $250,000 class 81% fall below $1 million and 19% or 839 local credit unions have total assets in excess of $1 million. These compare with 1967's figures of 597., 93'!, and 7% respectively. 801 local credit unions had assets in excess of $1 million in 1967. D'après Ic Tableau 6, oI figure Ia classeinent des cainses suivant l'actif global, Is categoric Is plus nombreuae eat celle do $250,000 et moms et ce groupe intervient pour 51 p. 100 du total des caisses syant une charte, 81 p. 100 des autres soot de la categorie de moms d'un million do dollars et 19 p. 100 (839 caisses locales) out Un actif de plus d'un million de dollars. Ces chiffres so comparent I ceux de 1967 soil 597., 937, et 7% (801 caisses d'epargne et de credit) respectivement. Table 7 presents credit unions classified according to a cousnon bond of association such as residence, parish, club, lodge, labour union, etc. The Table shows that residential credit unions account for approximately 56% of the total number chartered while occupational is 26% and associational 18%. Within the classification "residential", the rural credit unions still predominate and account for 52% and the urban type 38%. The predominant classification in the occupational and associational categories are employer and religious. Dana le Tableau 7, Lea caisson soot classees suivant en lien conanun d'association (lieu de residence, paroisse, club, loge, syndical ouvrier, etc.). I.e tableau indique que lea caisses du genre "lieu de residence" rentrent pour environ 56 p. 100 dana le total des caisses 3 charte et que lea caisson sous Is rubrique "profession" interviennent pour 26 p. 100, tandis quo cellos du genre "association" equivalent 3 18 p. 100 de l'ensemble. Dams le groupe "lieu de residence', len causes rurales predominent encore el interviennent pour 52 p. 100 du total; lea caisses urbaines elles, en representent 38 p. 100. Les classes lea plus nombreuses des categories 'profession" et "association" soul cellos qui figurent sous lea rubniquen "employeur" Cl "association religieuse". Membership in Local Credit Unions Nombre de societaires des caisson locales d'épargne et do credit All provinces registered growth in membership from 1/4% in Nova Scotia to 177. in British Columbia with an average increase of 67 for Canada. Membership increased from 4,308,439 to 4,632,382 for a net gain of 323,943 for Canada. British Columbia, Alberta and Northwest Territories registered the largest increases with gains of 177., 97. and 97. respectively. Toules lea provinces oat marqué one croissance du nombre de sociétaires, soil de 1/4% en N. -B. 3 177. en C. -B. (Augmentation moyenne de 6 p. 100 pour le Canada). I.e nombre de socielaires est passé de 4,308,439 3 4,632,382 soit une augmentation nette de 323,943 pour l'ensemble du Canada. T.es Territoires du Nord-Ouest, Alberta et Is Colombie-Britannique out connu lea augmentalions les plus fortes, soil 9 p. 100 2 9 p. 100 et 17 p. 100 respectivement. Average membership as reported in Tables I and 4 Le nombre moyen de sociétaires figurant aux Tableaux I et is based on the total number of credit unions chartered 4 eat fondé nor Ic nombre total des caisson 3 charte, y coinpnis -6- which includes inactive societies. Average membership per credit union ranged from 77 in Newfoundland to 1498 in Quebec with a national average per credit union of 952. lea inactives. Le nombre moyen de sociétaires par caisses Variait entre 77 (Terre-Neuve) et 1498 (Québec), Is moyenne Ostionale s'établissant B 952 par caisse. Members' Equities Avojr des sociCtaires Tables 2 and 3 provide data on a per member basis. Lea Tableaux 2 et 3 prdsentent one repartition par sociétaire a. Share capital per average member ranged from $109 in Quebec to a high of $735 in Saskatchewan, with the average for Canada being $290. All provinces with the exception of Newfoundland and British Columbia registered increases over the previous year. The average increase for Canada was 2% as against an increase of2'/, in 1967 and 97, in 1966. Le capital social par socidtaire se situait entre $109 (Québec) 01 $735 (Saskatchewan), Ia moyenne de l'ensemble du Canada étant de $290. Toutes los provinces, sauf Terre-Neuve et Ia Colombie-Britannique, ont marqud one augmentation par rapport B l'annCe prdcddente. L'accroissement moyen pour le Canada a eté de 2 p. 100, contre 2% d'augmentation en 1967 et de 97. en 1966. Deposits per average member grew in all provinces except Prince Edward Island, Ontario and Manitoba. Quebec still has the highest average of $603 the figure for Canada was $427 an increase of 37. over 1967. Les depOts par sociétaire en soot accrus dans toutes les provinces, sauf l'tle du Prince-douard, l'Ontario et le Manitoba. Le Québec affichait encore Ia moyenne Is plus haute $603 Ia moyenne pour le Canada était de $407 soit 3 p. 100 de plus qu'en 1967. Reserves and undistributed earnings for 1968 at $49 were up from the Canada average of $46 in 1967 an increase of 3%. La moyenne des reserves at des bdnéfices non rCpartis pour le Canada fut de $49 contre $46 (an 1967) soit one augmentation de 3 p. 100. Total book equity and deposits members is defined in this report to mean the sum of share capital, deposits, reserves and undivided surplus. For Canada the average per member increased from $758 in 1967 to $767 in 1968, a gain of 1%. Ontario and British Columbia both showed a slight decline while the other provinces reported gains ranging from 17. in Quebec to 207. in Newfoundland. On considBre ici que Ia connie du capital social, des dépots, des reserves at de l'excédent non reparti constitue lavoir comptablo moyen des sociétaires. Dana l'ensemble du Canada, la ,noycnne par sociCtaire eat passee do $758 en 1967 1 $767 en 1968 soit une augmentation de I p. 100. L'Ontario et la Colombie-Britannique ont accuse une faiblo diminution, alors que lea autrea provinces ont déclaré des auginentations se situant entre I p. 100 (au Québec) et 20 p. 100 1 Terre-Neuve. Average assets per member for Canada increased to $799 from $781 for a gain of 27. over 1967. The difference between total assets and total equity and deposits represents liabilities. For Canada as a whole, these liabilities averaged $32 as compared to total equity and deposits of $767. This indicates that for every $1 of liabilities on average, there are $24 of equity and deposits held by the local credit unions. Pour le Canada entier, l'actif moyen par eociétaire est passé $781 B $799 soit on accroissement do 2 p. 100. La difference entre l'actif global et Ic total de l'avoir et dos depots constitue le passif. Dana l'ensemble du Canada, le passif était de $32 en moyenne par rapport au total de l'avoir et des depOts de $767. Cette comparaison indique, qu'en moyenne. Ia proportion du passif B Pavoir at aux depOts dCtenus par lea caisses locales eat dana le rapport de $1 B $24. Loans Prêt s Tables 8 to 13 deal with loans. Lea Tableaux 8 1 13 soOt consacrés aux prêts. Table 8 is an historical table showing the amounts loaned by provinces from 1955 to 1968. All provinces reported increases over the previous year. Newfoundland had the greatest increase (26% followed by Ontario (217.). The percentage increase for all of Canada was 12% as compared to 87. in 1967. Le Tableau 8 eat une presentation chronologique des soimnes prétees, par province, de 1955 1 1968. Toutes lea provinces ont marqué une augmentation par rapport B l'année précCdente. Terre-Neuve a affiché l'accroissement le plus appreciable (26 p. 100); ella est suivie do l'Ontario (21 p. 100). L'augmentatioti proportionnelle de l'enaemble du Canada a etC do 12 p. 100 contre 8 p. 100 ci, 1967. Tables 9 and 10 provide a breakdown of loans granted by amount and number. Total loans including mortgages made during the year was $1.5 billion with repayments over the same period amounting to $1.1 billion for an increase in loans outstanding of 147. or $340 million. The majority of assets are invested in loans to members. The breakdown of this item between mortgage and nonmortgage shows that the majority of loans outstanding are of the non-mortgage type for all provinces except Quebec and Saskatchewan (Table 17). Table 9 shows also that Quebec loaned more than twice the amount for nonmortgage loans as it did for mortgages. Les Tableaux 9 et 10 renfermerit une repartition des mootents et du nombre de prOts consentia. Le total des prêts, y coinpris lea hypothèques, consentis au cours de l'année, a atteint 1.5 milliard do dollars et lea remboursements effectués pendant la memo période se soOt élevés 1 1.1 milliard de dollars; ainsi lea prOts en cours ont augmente de 14 p. 100 ($340 millions de dollars). La plus grande partie de l'actif eat investie dans des prBts aux sociétaires. La repartition do ce post entre prêts hypothecaires et préts sur reconnaissance de dette demontre que Is majorite des prBts non remboursés soOt des préts autres qu'hypothecaires dans toutes les provinces, sauf au Québec et Saskatchewan (Tableau 17). Le Tableau 9 indique également quo le Québec a consenti plus de deux fois plus do préts sur reconnaissance do dette quo do prêts hypothCcaires. Tables II & 12 give the purposes for which members of credit unions borrowed money. Many of the provinces were unable to provide these types of data and as a result, the table vttects information for only Newfoundland, Quebec, Manitoba, Saskatchewan, Alberta and Northwest Territories. The purposes are shown Les Tableau 11 et 12 donnent lea motifs d'emprunt des sociétaires de caisses d'epargnc at do credit. Flusieurs provinces n'ont Pu fournir ce genre de renseignement et par consequent lea tableaux limitent ces statistiques au seules provinces de Terre-Neuve, du Manitoba, do la Saskatchewan, de l'Alberta, Québec et des Territoires du Nord-Ouest. Lea buts -7- and expressed in dollars in Table 11 and in percentages in Table 12. The main reason given for borrowing was for the purchases of real estate which was 277. of the total loaned. The next largest item was automobile purchases at 217.. In descending order of importance were consolidation of debts (177.), operating expenses (127.), purchase of equipment (87.), home repairs (77.), holidays (27.), investments (177.) and other (37.). des pr8ts figurent en dollars dana le Tableau 11 et en pourcentagea dana le Tableau 12. D'aprls les declarations, le motif principal d'emprunt était l'achat d'insneubles,(27 p. 100 de lensemble des emprunts). Le deuxjlme était Pachat d'une automobile (21 p. 100). Voici lea autres raisons: consolidation de dettes (17 p. 100), dépenses d'exploitation (12 p. 100), achat de materiel (8 p. lOU), reparations de maison (7 p. 100), vacartces (2 p. 100) placements (1 p. 100) et autres (3 p. 100), In Table 13, the most cousnon percentage rates charged or paid are given in tabular form for loans, dividends, interest rebates, etc. Au Tableau 13, lea taux lea plus frequents exigéea nu payés figurent sous forme de tableau dana Ia cas des pr8ts, des dividendes, des ristournes, etc. Financial Statements - Local Credit Unions Etats financiers des cajsaes locales d'épargne et de credit Tables 16, 18, 20 and 21 present the balance sheets, income statements, surplus accounts and reserve accounts of the local credit unions in Canada for 1968; tables 22, 24 and 26 provide data for 1967. Table 17 shows the balance sheet categories as percentages of total assets and Table 19 shows expense items as percentages of total revenue for 1968; tables 23 and 25 provide similar ratios for 1967. Les Tableaux 16, 18, 20 et 21 prCsentent le bilan, l'état des revenua et des clépenses, l'état des bCnéfices non répartis et celui des comptes de reserve des caissea d'epargne at de crddit pour 1968, lea tableaux 22, 24, et 26 présentent le bilan pour 1967. Au Tableau 17 figurent lea postes du bilan exprimes en pourcentage de l'actif total et Ic Tableau 19 montre les postes de dCpensea en pourcentage du total des revenus pour 1968, lea tableaux 23 at 25 presentent des postes en pourcentage semblables. On a Canada basis total assets of the local credit unions increased to $3.7 billion from $3.4 billion in 1967. This was an increase of 10% for the year. Table 17 shows that total loans in force represent 67 1/ of total assets; this is comprised of cash or non-mortgage loans which account for 377. and mortgages 307. The figures were unchanged from 1966 and 1967. Sur le plan national, l'actif global des caissea locales eat passé de 3.4 milliards de dollars 1 3.7 milliards entre 1967 et 1968 soit une augmentation de 10 p. 100. Le Tableau 17 indique que le total des préts en cours forme 67 p. 100 de l'actif global et qu'il comprend des pr8ts sur reconnaissance de dette ou non hypothCcaires (37 p. 100) et des hypothques (30 p. 100). Les pourcentages n'ont pea vane par rapport I 1966 et 1967. Cash represented 11% of total assets with 8% of this being shown as deposited in centrals. Investments were 187, with 8% being invested in municipal governments direct and guaranteed debt. Term deposits, provincial debt and shares in centrals were the next largest items of investment. Fixed assets were 3% of the total and less than 1% was reported as other assets. L'encaisse constituait 11 p. 100 de l'actif global et 8 p. 100 de cet actif y paraissent coue ayant ete deposes dens les centrales. Las placements ont été de 18 p. 100, dont one portion (se montant A 8 p. 100 de l'actif) a.étd investie dana des obligations directea ou garanties des municipalitea. Lea autres placements importants étaient lea dép8ts I terme, lea obligations des provinces et les parts sociales dans lea caisaes centrales. Les ixmnobiljsatjons constituaient 3 p. 100 de l'actif global et Ia poste 'Mitre actif" reprCsentait moms de I P. 100. On the liability side of the balance sheet, members' equities comprised 437. with 57% due to members in the form of deposits. Le bilan indique que l'avoir et lea dép8ts des Bociétairea formaient chacun 43 p. 100 et 57 p. 100 du passif. All provinces had the majority of their members funds in the form of shares with the exception of Quebec. Quebec had only 14% of total Liabilities in shares but 79% in the form of deposits for a total of 937.. The rest of the provinces had over 50% of the total shown as share capital. Toutes les provinces, sauf le Québec, détenaient la plus grande partie des fonds des sociétaires sous forme du capital social. Le Québec n'avait que 14 p. 100 du passif global sous forme du capital social, mais 79 p. 100 sous formo de ddpöta, ce qui fait un total de 94 p. 100. Lea autres provinces avaient plus de 50 p. 100 du total sous forme de capital social. Table 19 points out that 80% of the income of the credit unions was derived from interest on loans and 16% from investments in bonds, debentures and central credit unions. Interest paid was 21% and all other expenses 42% for a total of 63% for operating expenses. The operating surplus before dividends and interest or patronage rebates is thus 377.. Operating surplus before dividends and interest or patronage rebates ranged from 217. in Quebec to a high of 647. in Newfoundland. The figure for Quebec is low because the majority of its members funds are mainly in deposits and thus it has a high interest charge going through the income statement. To facilitate comparision between provinces Table 19 also shows dividends and interest or patronage rebates as a percentage of total revenue. Thus when these 2 items are added to all other expenditures, undistributed surplus accounts for 14% of total revenue for Canada. Total expenditures for Canada including dividends and interest or patronage rebates accounted for 86% of total revenue. O'aprls le Tableau 19, 80 p. 100 de revenu des caissea provenaient de l'intér8t de pr8ts et 16 p. 100, de placements en obligations et dana lea centrales. L'intérét payé a monte 1 21 p. 100 at toutes lea autrea depenaes, 142 p. 100, aoit un total de 63 p. 100 on dfpenses d'exploitation. L'excédent d'exploitation avant deduction des dividendea et des ristournes est donc de 37 p. 100. Il a vane entre 21 p. 100 (Québec) et 64 p. 100 (Terre-Neuve). Le pourcentage do Québec eat faible parce que La plus grande partie des fonda des sociétaires y figure aoua forme de depOts et, par consequent, lea frais d' intérCt sont élevés dana l'état des revenus et des dépensea. Pour faciliter la comparaison entre lea provinces, le Tableau 19 montre Cgalement lea dividendes et lea nistournea en pourcentage du total des revenus. Ainsi, loraque ces deux poates soot ajoutés I toutes lea autres dépenses, lea bénéficea non répartis représentent 14 p. 100 du total des revenus dana le Canada entier. Le total des dépenses pour le Canada, y conpris lea dividendea et les ristournes, eat intervenu pour 86 p. 100 du total des revenus, Tables 70 and 21 present the statements of undistributed surplus and the reserve accounts. Lee Tableaux 20 Ct 21 presentent l'état des bénéfices non répartia et celui des cosntea de reserve. -8- From Table 20 undistributed surplus was reported at the beginning of the year as $58 million. After the distribution of the operating surplus, the balance at the end of the year was $67 million, an increase of 167.. Dividends were paid out in the amount of $55 million and interest or patronage refunds in the amount of $11 million. These two comprised 70% of the operating surplus or 26% of total revenue. Of the remainder, 21% was appropriated to the various reserves and 97, remained in undivided surplus. D'apres le Tableau 20, lee bCnéfices non répartis atteignaient 58 millions de dollars au debut de l'annde. Après distribution de l'excédent d'exploitation, Ic solde A la fin de lannée était de 67 millions de dollars, soit une augmentation de 16 p. 100. On a distribué 55 millions de dollars en dividertdes et 11 millions de dollars en ristournes. Ces deux postes ont forme 70 p. 100 de l'excédent d'exploitation ou 26 p. 100 du total des revenus. Quant au reste, 21 p. 100 ont été affectés aux différents comptes de reserve et 9 p. 100 sont restés dane lee bénéficee non repartis. Central Credit Unions Caisses centrales There were 20 centrals in 1968. En 1968, ii y avait 20 centrales, soit le mêine nombre que I' annCe précedente. Total assets of the central credit unions increased to $522 million a gain of 13% over 1967. Nonmortgage loans outstanding represented 27/ and mortgagee 12 7. of total assets. The majority of loans outstanding are receivable from local credit unions. Cash consisted of 19% and investments were 40% of total assets. The major items for investments were provincial debt. (137), municipal debt (117,), federal debt (5%), term deposits (3%), and other (87.). Fixed assets were less than .57,. L'actif global des caisses centrales a atteint 522 millions de dollars, soit un accroissement de 13 p. 100 par rapport a 1967. Lea prOts en cours formaient 27 p. 100 et lee hypothaques 12 p. 100 du total de l'actif. La majorité des prOta en cours sont due par des caisses locales. L'encaisae formait 19 p. 100 et las placements 40p. 100 du total de l'actif. Lee principaux postes de placements Ctaient les obligations des provinces (13 p. 100), les obligations des municipalités (11 p. 100), lee obligations du gouvernement du Canada (5 p. 100) les depots I terme (3 p. 100). Les autres postes representaient 8 p. 100. Las inmiobilisations conetituaient 1 p. 100 de l'actif global et autre actif, moms de 0.5 p. 100. On the liability side, deposits by local credit unions represented 52% and term deposits 22% of the total. Other deposits and other term deposits were 2% and 1% respectively of the total. Share capital held by local credit unions was 10% of total assets. Reserves and surplus were 4% of the total while accounts and loans payable accounted for the balance, 97. On c8t6 du passif, las depOts des caisses locales sont in- tervenus pour 52 p. 100 et lea depOts I terme pour 22 p. 100 du total. Les autres depOts at lea autres depOts I terme constituaient 2 p. 100 at I p. 100 du total respectivement. Le capital social détenu par lee caisses locales forinait 10 p. 100 de l'actif global. Lea reserves at lea bénéfices sont intervenue pour 4 p. 100 du total des comptea et lee pr8ts representaient is difference, soit 9 p. 100. The Centrals reported an operating surplus of $4.3 million before dividends and interest or patronage rebates. Of this amount, dividends and interest or patronage rebates were $2.8 million, 65% of surplus or 9% of total revenue. lindietributed surplus decreased from $3.2 million to $2.7 million, a decrease of 16% and reserves increased by $46 million or 377 over 1967. Lea centrales ont declare un excédent d'exploitation de 4.3 millions de dollars avant deduction des dividendes at des ristournee, dont 2.8 millions de dollars en dividendes et natournes, soit 65 p. 100 de l'excedent, ou 9 p. 100 du total des revenus. Les bénéficee non repartis soot passes de 3.2 million 1 2.7 million de dollars, soit une baisse de 16 p. 100, at lea reserves ont augmenté de 4.6 million de dollars (37 p. 100) par rapport 1 1967. Table 15 shows that the central loaned $328 million to its members, no change from 1967. La Tableau 15 indique que les centrales ont préte 328 millions de dollars I leurs membres, soit aucun changement depuis 1967. CHART - I GRAPHIQUE -I GROWTH OF MEMBERSHIP IN LOCAL CREDIT_UNIONS, 1950-1968 CROISSANCE DU NOMBRE DE SOCIETAIRES, DANS LES CAISSES DEPARGNE ET DE CRDIT LOCALES,1950-1968 MILLIONS (RATIO SCALE-ECHELLE SMI-LOGARhTHMIQUE) 25 24 23 MILLIONS 25 _24 _23 - MEMBERSHTP NOMBRE DE SOCIETAIRES 3 3 2 2 I I I z i I 950 l9ii2 1954 1956 1958 1960 1962 1964 966 196$ 69 1951 1953 1955 1957 1959 1961 1963 1965 1967 (A - hIQU COMPOSITION OF ASSETS, LIABILITIES AND EQUITY OF LOCAL CREDIT UNIONS BY PROVINCE, 1968 COMPOSITION DE LACTIF, DUPASSIF ET DE L'AVOIR DES CAISSESDPARGNE ET DE CREDIT LOCALES, PAR PROVINCE,1968 MILLIONS OF DOLLARS MILLIONS OF DOLLARS MILLIONS DE DOLLARS MILLIOJS DE DOLLARS 2,000 - - 1,900 2,000 , 1,900 - -; : 1,800 :: ------- 1,800 ASSETS LIABILITIES AND EOUITf 1,700 Jr 1,700 :: ACi\ SIFETAVOIR 1,600 :: OTHER ASSETS IS00 -- r1 AUTRE ACTIF DIVIDED EARNINGS -- 1,500 MORTGAGES :: HVPOTHQUES LOANS _________ 1,400 _________________________________________ 1,300 RESERVES INVES1MENTS SHARES ACTIONS ENCAISSE 1,200 (NEFICEPIONRPARTIS PLACEMENTS CASH 1,600 HER LIABILITIES J -:-:AUTRE PASSIF 1,400 1,300 I DEPOSITS DPTS -1- 1,200 1,100 1,100 1,000 1,000 / 900 --------------- ______ -- ________------ 800 Boo 700 _______________________ ------ / - - / • • 700 600 600 500 - --- - 200 - /- - 400-- -- - -- _____ 0 900 II 1L41 •.Li ___ NFLD. P.E.I. N.S. NB. ALTA. B.C. -- -- QUE. ONT. MAN. SASK. -- T.-N. I-PE. N-E. N-B. AL 8 C-B. - 500 -- 400 0 - 11 - TABLE 1. Growth Record of Local Credit Unions(l) TABLEAU 1. Croissance des caiaes locales d'epargne et de crédit(1) Year(2) C.U. chartered Members Anne(2) Caisses I charte Soctétaires Average membership Increase in membership(3) Membership as a percentage of population Nombre moyen des soctétaires Augmentation proportionnelle du nombre de sociétatres(3) Proportion des eociétaires par rapport h Ia population I number -- nombre 281 273 256 188 1.8 172 4.9 266 7.5 349 8.1 365 9.8 8.7 378 10.8 13.8 9.7 398 10.3 398 8.8 11.1 422 10.9 11.6 8.0 439 12.6 10.1 474 12.7 6.2 488 13.3 516 7.9 14.2 554 8.2 585 7.3 14.9 604 5.1 15.3 16.6 650 8.5 17.6 702 9.4 7.6 18.6 745 19.3 5.0 782 21.0 10.9 877 22.3 952 5.9 Increase Increase in Average assets in total Average assets average assets Assets per member assets(3) per C.U. per C.U. (3) ..113 1920 .................................... ..122 1925 .................................... ..179 1930 .................................... ..277 1935 .................................... 1940 ................................... . .1. 167 1945 .................................... .2,219 2,965 1950 .................................... 1951 ................................... ..3,121 3,333 1952 .................................... .3,606 1953 .................................... 3,920 1954 .................................... 4 ,100 1955 ................................... . 4,258 1956 .................................... 4,349 1957 .................................... 4,485 1958 .................................... 4,570 1959 ................... ............... 4,608 1960 .................................... 4,682 1961 .................................... 4,767 1962 .................................... 4,809 1963 .................................... 4,870 1964 .................................... 1965 ................................... ..4,939 .4,934 1966 ................................... . 4,911 1967 .................................... 4,861 1968 .................................... . . 31,752 33,279 45,767 52,045 201,137 590,794 1,036,175 1,137,931 1,260,435 1,434,270 1,560,714 1,731,328 1,870,277 2,059,835 2,187,494 2,360,047 2.553,951 2,740,251 2,879,179 3,123,735 3,418,033 3,677,291 3,859,677 4,308,439 4,632.382 - - - - - - - - - - Actif Actif moyen Augmentation Actif moyen par Augmentation par socidtaire proportionnelle caisse proportionnelle de I'actif de l'actif par total(3) caisse(3) $000,000 $ 6 189 53,097 1920 .................................... 65,574 240 8 1925 .................................... 61,453 . 1 240 1930 ................................... .. 36,101 192 .10 1935 .................................... 21,422 124 .25 1940 .................................... 247 65,795 146 1945 .................................... 301 105,228 312 1950 .................................... 315 15.1 115,027 9.3 359 1951 .................................... 10.6 336 18.1 127,213 424 1952 .................................... 6.6 341 15.3 135,607 489 1953 .................................... 3.8 354 12.9 140,816 552 1954 .................................... 1955 .................................... 13.1 653 377 18.3 159,268 12.2 761 407 16.5 178,722 1956 .................................... 11.2 194,527 8.8 846 411 1957 .................................... 15.7 461 19.3 224,972 .. 009 1958 ................................... 12.6 14.8 253,392 1,158 491 1959 .................................... 11.3 12.2 1,299 509 281,901 1960 .................................... 14.3 551 16.2 322,298 1,509 1961 .................................... 10.9 351,164 8.9 1,674 581 1962 .................................... 13.7 1,920 615 14.7 399,251 1963 .................................... 13.8 2,213 647 15.3 454,415 1964 .................................... 514,679 13.3 2,542 14.9 691 1965 .................................... 15.1 15.2 2,926 758 593,028 1966 .................................... 781 15.1 685,604 15.6 3,367 1967 .................................... 3,699 9.9 760.954 11.0 1968 .................................... 799 (1) Statistics prior to 1966 taken from Department of Agriculture "Credit Unions in Canada, 1965". -- La statistique anterieure 8 1966 eat tirée de 'Les caisses populaires au Canada, 1965', publication du ministBre de 1'Agriculture. (2) 1920-1925 Quebec only. -- La Québec seulement. La Québec at l'Ontario. 1930 Quebec and Ontario. 1935 Quebec, Ontario and Nova Scotia. -- La Quebec, 1'Ontario at Ia Nouvelle-Ecosse. 1940 Exclusive of Newfoundland and Northwest Territories. -- Non compris Terre-Mauve et les Territoires du Nord-Ouest. 1967 Includes Northwest Territories. - - Y ccsnpris lea Territoires du Nord-Ouest. (3) This column shows the percentage change over the previous year. -- Variation proportionnelle par rapport 7k l'année prfcédante. - - - . -- - - - - - - - - - - - 12 - TABLE 2. Deposits and Equity by Province per Credit Union Member Reserves and Share capital Deposits undivided surplus Capital social Dépôts Reserves et bdndfices non rdpartis 1966 1967 1968 1966 1967 1968 1966 1967 1968 _ _______ dollars No. 1 2 3 4 5 6 7 8 9 10 11 12 Newfoundland Prince Edward Island Nova Scotia New Brunswick Quebec Ontario(l) Manitoba Saskatchewan Alberta British Columbia Northwest Territories , 173 r 261 281 273 102 473 548 763 460 543 .. 170 263 291 290 110 524 581 783 472 522 163 205 291 313 304 109 527 593 735 457 461 178 19r 11 35 6 607r 148 122 226 78 139 289r 296 290 391r ............. .... .............. ............ ................... ............... ................. ............. .................. ......... Canada ................. - 21 50 42 7 596 199 147 296 113 187 28 45 54 10 603 186 134 366 164 246 - - 416 427 25r 27 32 23 43r 71 62 41 32 61 .. 23 28 36 25 42 50 68 46 58 60 10 22 22 40 28 43 50 75 81 60 57 14 49r 46 49 (1) See footnote at end of Table 3. TABLE 3. Rate of Growth of Book Equity by Province per Local Credit Union Member Share capital Deposits Capital social DepOts 1966 1967 1968 1966 I 2 3 4 5 6 7 8 9 10 11 12 Newfoundland Prince Edward Island Nova Scotia New Brunswick Quebec Ontario(l) Manitoba Saskatchewan Alberta British Columbia Northwest Territories 13.1 - 1.7 20.5 7.9 .8 .7 4.5 3.6 3.5 8.8 6.2 6.2 9.7 7.8 7.8 7.7 10.8 10.7 7.5 6.0 6.2 2.6 2.6 7 .0 2.6 2.6 ..7 14 3.9 3.8 ............. .............. . ............ . ................... .. ............... .. ................. .. ............. ................. ........ Canada ................ .. - ... - - .. .. 8.6rl 2.4 2.4 35•7r 10.0 118.8 50.0 9.2 13.8 18.4 32.2 62.5 54.4 - 10.8rl Reserves et bénéfices non rdpartis 1967 No. percentage Reserves and undivided surplus - - 1968 __ pourcentage 10.5 354.5 20.0 16.7 1.8 34.5 20.5 31.0 44.9 34.5 - 33.3 -10.0 28.0 42.0 1.2 6.5 8.8 23.6 45.1 31.5 - 2.6 1968 1967 19.0r- 8.0 17.4 3.7 10.3 12.5 9.5 8.7 7•5L 2.3 9.2 29.6 8.8 9.7 13.9 12.2 33.3 81.3 96.8 1.6 - - - - .. - 6.4 1966 .. 14.0 - 6.1 (1) There was a change in accounting in 1967 for Ontario in that operating surplus was distributed into the accounts rather than left in surplus as was done in 1966. 43 21.4 11.1 12.0 2.3 - 10.2 76.8 3.4 5.0 40.0 6.5 - 13 TABLEAU 2. Avoir et ddpôts par province, par socidtaire, des caisses locales, Total equity and deposits Total assets Total de l'avoir et des ddpôts Actif total 1966 1967 1968 1966 1967 1968 NO dollars 217 214 257 299 341 359 349 369 407 302 322 342 752 748 755 692 773 763 732 796 801 1,030 1,125 1,183 570 643 682 743 769 765 173 192 226 327 374 310 758 735 789 1,127 624 835 224 367 394 337 754 813 849 1,248 684 858 179 275 404 437 358 761 808 884 1,280 745 867 192 729 758 767 758 781 799 (1) Voir renvoi a Terre-Neuve tle-du-?rjnce-Edouard Nouvelle-Ecosse Nouveau-Brunswick Québec Ontario(l) Manitoba Saskatchewan Alberta Colombie-Britannique Territoires du Nord-Ouest I. 2 3 4 5 6 7 8 9 10 11 ................ ............ ......... .................... ................ ................... .............. .................... Canada ................. 12 la fin du Tableau 3. TABLEAU 3. Taux de croissance de l'avoir comptable, par province, par sociétaire, de caisses locales Total equity and deposits Total de l'avoir et des dépts Total assets 1966 1967 1968 1966 Actif total 1967 1968 NO percentage - - pourcentage 15.4 8.7 11.1 9.4 9.1 9.1 9.3 6.1 13.5 25.1 10.1 1.4 14.0 5.7 6.6 0.5 11.7 8.7 9.2 12.8 3.5 - - 4.0 20.0 5.3 10.2 6.2 .9 1.2 .6 5.1 6.06 .5 10.9 l3.6 8.6 6.9 8.0 9.2r 9.5 8.8 3.4 12.4 22.3 5.2 9•7t - - - - 0.9 12.2 5.3 8.7 0.5 10.6 7.6 10.7 9.6 2.8 3.8 22.7 Terre-Neuve 1 10.1 fle-du-prince-Edouard ., 2 3 10.9 Nouvel1e-cosse 4 6.2 Nouveau-Brunswick .9 Québec 5 - .6 Ontario(l) 6 4.1 Manitoba ..................7 2.5 Saskatchewan .. 8 9 8.9 Alberta 1.0 Colombie-Britannique 10 7.2 Territoires du Nord-Ouest 11 ................ ............ ......... .................... ................ ............ .................... 1.5 Canada ................. (1) En 1967, on a modifié laméthode cotnptable en Ontario de manière a wirer aux comptes l'excédent d'exploitation plutôt que de le laisser dans l'excédent coinme en 1966. 12 - 14 - TABLE 4. Membership in Local Credit Unions, 1968 a. _____________________________________________ Nfld. P.E.I. - - - - f. P. -}. 1.-N. N.S. N.E. - - - - Qué. Out. N. -. N. -B. number - - nombre 1 Number of members beginning of year .............. 4,734 2 Increase in members during the year .............. 239 9,754 251 93,133 216 102,042 4,359 2,418,339 192,867 825,028 38,526 3 Number of members at end of year ................. 4,973 10,005 93,349 106,401 2,611,206 863,554 370 587 660 1,498 524 1 7.9 4.66 4 Average membership in credit unions 77 percentage -- pourcentage 5 Change in membership over previous year 5.04 2.57 I .23 4.27 TABLE 5. Local Credit Unions Chartered in Canada, 1968 No. Nfld. P.E.I. - - - - 1. P. T.-N. N.S. N.E. - - - - Out. Qué. N.-L N.-B. number -- nombre Number of credit unions 1 2 3 Reporting ........................................ 23 Not reporting .................................... 6 Inactive .........................................36 27 154 - - 4 Total chartered ................................ 65 27 159 161 1,742 1,646 65 1 1 36 2 11 167 4 12 161 1 1 1,742 1,659 26 39 65 27 159 161 1,742 - - 9 - 8 - 5 6 7 8 9 Credit unions chartered beginning of year Add: Charters issued during fiscal year Deduct: Charters cancelled during fiscal year . Credit unions chartered end of year Change from previous year ........................ 160 1 5 I 1,598 144 - - - - 1,384 193 69 1,646 - 13 TABLE 6. Local Credit Unions Classified by Asset Size, 1968 Nfld. P.E.I. - - - - T. -N. I. P. -E. N.S. N.B. - - - - N. -E. N. -B. Qué. (1) Out. (1) number - - nombre Amount of total assets 1 2 3 4 5 6 7 Under $100,000 ................................... 61 $ 100,000-$ 249,999 ........................... 3 250,000- 499,999 ............................1 500,000- 999,999 ............................ 1,000,000- 2,499,999 ............................ 2,500,000- 4,999,999 ............................ 5,000,000 and over .............................. - 17 5 3 1 1 8 Total .........................................65 27 II') - 90 38 14 9 5 3 66 40 29 21 4 269 238 453 - - 159 160 638 1,598 Figures for Ontario and Quebec are incomplete and subqequently 410 credit unions are omitted from this table. 603 341 179 119 90 30 22 1,384 - is - TABLEAU 4. Nombre de sociétaires des caisses locales d'épargne et de credit, 1968 Alta. Man. Sask. B.C. - - N.W.T. - - Canada - - Aib. C. -B. ni.nnber - - nombre T. N. -0. No 168,195 9,379 283,491 18,980 127,675 11,779 275,852 47,329 196 18 4,308,439 323,943 Noinbre de qociétaires au debut de l'annCe ......... 1 Augmentation du ncnbre de sociétaires ............2 177,574 302,471 139,454 323,181 214 4,632,382 Ncsnbre de sociétaires 742 1,053 503 1,154 107 952 9.18 5.94 a la fin de 1ann6e ........3 Nombre tnoyen de sociCtaires des caisses d'epargne et de credit. 4 Variation du nombre de sociétaires par rapport l'année précédente. 5 percentage - - pourcentage 5.57 6.70 9.22 17.15 TABLEAU 5. Caissea locales d'épargne et de credit, charte, Canada 1968 Man. Sask. I Alta. B.C. N.W.T. - - - - - - Canada Nombre des caisses d'fpargne et de credit 239 284 270 - - - - 239 3 7 287 277 232 16 8 1 2 4,373 360 128 2 4,861 - 256 Déclarantes ....................................... 1 Non déclarantes ................................... 2 Inactives .........................................3 Total des caisses charte ..................... 4 250 289 284 256 2 4,9111 Caisses 1 charte au debut de l'annCe ..............5 1 2 14 - 52 Ajouter; CharLes émises en 1968 .................6 12 3 9 14 - 102 Ddduire: Chartes annulées en 1968 ...............7 239 287 277 256 2 4,861 Caisses I charte I la fin de i'année ...........8 11 - 2 - 7 - - - 50 Changement par rapport 1 1967 ...................9 TABLEAU 6. Classement des caisses locales d'épargne et de credit suivant l'actif, 1968 Alta. B.C. N.W.T. Man. Sask. - - - - - - Canada Alb. C. -B. T. N. -0. nimiber - - nombre NO MOntant de l'actif total 75 65 22 34 31 12 239 28 38 52 73 62 15 16 131 56 34 28 17 10 1 66 58 36 29 37 18 12 2 - 1,408 882 370 952 247 541 51 Moms de $100,000 ................................. 1 $ 100,000-$ 249,999 ........................... ..2 250,000- 499,999 .............................3 500,000- 999,999 ........................... . 4 1,000,000- 2,499,999 ............................5 2,500,000- 4,999,999 ........................... . 6 5,000,000 et plus ............................... 7 I 2841 277 I 2561 2 I 4,4511 Total ......................................... I 8 (1) Las chiffres du Québec et de 1'Ontario sont inexacts car 410 caisses locales d'épargne et de credit ont été omises dams ce tableau. - 16 - TABLE 7. Local Credit Unions Classified by Type of Association, 1968 Nfld. 1'.E.I. N.S. N.B. Type - - - - - - - - Qué. Ont. No number - - nombre Residential 1 2 3 Rural ..............................Urban .............................. 55 Other ........ .1 21 6 77 31 85 25 791 716 235 141 48 4 Total ............................56 27 108 110 1,742 189 Employer ............................ 7 Profession .......................... 2 Trade union ......................... Other ............................... - 43 32 5 1 9 43 38 8 10 Occupational 5 6 7 8 9 Total ............................ 986 - 986 - Associational 10 11 12 13 14 Racial Religious .......................... Fraternal .......................... Co-operative ....................... Other .............................. - 15 Total ............................- 16 3 27 65 Total .......................... 13 8 159 1 161 - 171 - 471 300 1,742 1 1,646 TABLE 8. Loans Made by Local Credit Unions(l) Nfld. Year --T. -N. Année No ________________________ ___________ $ P.E.I. --m t. P. -E. 7, 7, $ 800 700 300 800 900 1,000 800 800 1,100 1,400 1,700 1,729 2,263 2,680 N.B. -N. -B. N.S. -N. -. . . - 12.5 - 57.1 $ 7. $ 5,500 6,100 6,900 8,900 10,200 10,900 11,400 12,900 20,000 21,700 25,293 26,607 28,552 .. 10.9 13.1 29.0 14.6 6.9 4.6 13.2 55.0 8.5 16.6 5.2 7.3 4,900 5,700 6,500 6,200 7,200 7,600 8,100 9,100 9,300 10,500 11,800 13,636 14,759 16,551 1 2 3 4 5 6 7 8 9 10 11 12 13 14 200 1955 ................ 200 1956 ................ 300 1957 ................ 1958 ................. 300 1959 ................. 300 1960 ................. 300 1961 ................. 400 1962 ................. 400 1963 ................. 470 1964 .................518 1965 ................. 710 1966 .................815 1967 .................846 1968 ................. 1,069 (I) Stattsttcs prtor to ioo taken rrom ueparcmenc or 4grLcuLrure, ..reoLt unions in Lanaaa, iva . . 0.0 50.0 0.0 0.0 0.0 33.3 0.0 17.5 10.2 37.1 14.8 3.8 26.4 166.6 12.5 11.1 - 20.0 0.0 37.5 27.3 21.4 1.7 30.9 15.6 - - Notes: $ - Figures in these columns are in thousands of dollars. 7, - Figures in these columns represent the percentage change over the previous year. Qué. 7, .. 16.3 14.0 - 4.6 16.1 5.6 6.6 12.3 2.2 12.9 12.4 15.6 8.2 12.1 $ 112,600 133,300 135,000 151,300 166,600 149,600 217,800 252,600 295,100 345,300 418,200 466,108 499,032 572,508 7. 18.4 1.3 12.1 10.1 - 10.0 45.6 16.0 16.8 17.0 21.1 11.5 7.1 14.7 - 17 - TABLEAU 7. Caisses locales d'epargne et de credit classées par genre d'association, 1968 Alta. B.C. N.W.T. Man. Sack. - - - - - - Canada Genre Alb. C. -B. T. N. -0. No number -- nombre Lieu de residence 105 10 229 12 97 32 - 2 1,405 Rural ................................1 1,030 Urbain ...............................2 284 Autre ................................3 115 241 129 2 2,719 Total ........................... 4 ... 25 99 - Profession 69 69 27 99 - 1,192 Employeur ............................5 9 Profession ...........................6 1 Syndical .............................7 69 Autres ...............................8 - 1,271 Total ..............................9 Association 8 [0 _5 25 122 16 - 23 1 118 - 130 Ethnique ...........................10 369 Religieuse .........................11 1 Mutuelle ...........................12 26 Cooperative ........................13 345 Autres .............................14 - 871 Total ............................15 55 19 49 256 239 287 277 256 2 4,861 Total ..........................16 TABLEAU 8. PrBts consentis par lea caisses d'Cpargne et de credit locales(1) Alta. Ont. Man. Sask. B.C. - - Alb. N.W.T. - - - - C. -B. T. N. -0. Canada NO $ 70,900 81,700 99,100 116,500 141,300 154,500 165,800 204,200 216,400 270,800 298,200 327,900 309,784 374,107 $ .. 15.2 21.3 17.6 21.3 9.3 7.3 23.2 7.0 24.0 10.1 9.9 - 5.8 20.8 10,900 13,900 16,200 20,400 26,200 30,000 34,700 39,600 49,800 58,800 65,672 75,433 84,270 91,685 .. 27.5 16.5 25.9 28.4 14.5 15.7 14.1 25.8 18.1 11.7 14.9 11.7 8.8 15,600 17,800 20,700 25,700 37,600 43,600 51,300 67,900 84,500 102,900 129,066 131,071 166,249 168,862 7. 7. $ .. 14.1 16.3 24.2 46.3 16.0 17.7 32.4 24.4 21.8 25.4 1.6 26.8 1.6 8,800 10,600 11,700 14,800 17,700 20,100 23,900 32,200 30,390 34,801 38,610 42,907 53,540 63,410 .. 20.5 10.4 26.5 20.0 13.6 18.9 34.7 - 5.9 14.5 10.9 11.1 24.8 18.4 29,800 39,700 48,100 46,200 64,700 63,600 64,500 56,600 62,900 71,900 88,900 140,335 163,750 190,679 .. 33.2 21.2 - 4.0 40.0 - 1.7 1.4 - 12.2 11.1 14.3 23.6 57.9 16.7 16.4 5LLSLLUC anLerleure a Loo ear cree ae &.eS caisses popuaires au u..anaoa, 1 'Agriculture. Note: $ - En milliers de dollars. - Variation proportionnelle par rapport h l'annee précédente. 7. $ LO), - 30 $ - 260,000 309,700 344,800 391,100 472,700 481,200 578,700 676,300 771,960 918 2 619 1,078 2 151 1,226,541 1,323,045 1,482,003 puoilcaclon Qu ministere .. 19.1 11.3 13.4 20.9 1.8 20.3 16.9 14.1 19.0 17.4 13.8 7.9 12.0 Ge I 2 3 4 5 6 7 8 9 10 11 12 13 14 - 18 - TA8LE 9. Statements of Loan Accounts of Local Credit Unions, 1968 No. Nfld. P.E.I.N.S. N.B. - - - - - - - - Qu6.(1) Ont.(l) T.-N. 1. p.-E. N,-. N.-B. thousands of dollars -- milliers de dollars Amount of loans I 2 3 4 Cash loans: Loans in force beginning of year Loans made during year Loans repaid during year Loans in force end of year 5 6 7 8 Mortgage loans: Loans in force beginning of year Loans made during year Loans repaid during year Loans in force end of year 833 1,039 738 1,134 2,525 2,496 1,636 3,385 27,504 .. .. 30,880 24,503 16,551 13,287 27,768 403,460 400,806 342,270 461,997 406,807 345,450 279,205 473,052 60 30 34 56 147 184 65 266 2,762 .. . . . . . . 3,004 .. 621,997 171,702 114,225 679,473 100,784 28,657 20,929 108,512 893 1,069 772 1,190 2,672 2,680 1,701 3,651 30,266 .. 33,884 24,503 16,551 13,287 27,768 1,025,457 572,508 456,495 1,141,470 507,591 374,107 300,134 581,564 13 Loans over 90 days in arrears 18 . . .. 905 43,991 7,377 14 Loans written off during year 1 .. .. 12 .. 2,309 ............ ...................... .................... .................. ............ ...................... .................... .................. .. Total loans (cash and mortgage): 9 10 11 12 Loans Loans Loans Loans in force beginning of year made during year repaid during year in force end of year ............ ...................... .................... .................. 15 Loans recovered during year . . - I I I I I 405 Average size of loan made 363 1,578 432 6,133 .. ................................ . . 554 .. 989 5,757 ....................................... 370 461 . . 554 1,316 16 Cash loans 17 Mortgage loans .................................... 18 Total 745 percentage - - pourcentage Selected ratios 19 Reserves to loans outstanding ................. 20 Shares and deposits to loans outstanding ...... 21 Total 8.47 4.74 .. 9.50 7.61 6.34 97.90 92.30 . . 120.28 162.85 105.94 106.37 97.04 . . 129.78 170.46 112.28 95.39 86.11 . . 127.00 34.79 85.71 82.98 4.09 83.70 6.58 . . ................................ .. 52.20 20.62 23.23 34.17 67.77 16.55 ....................................... 87.07 90.28 .. 72.82 57.40 84.32 .. .04 .. .40 ....................................... 22 Members' equities to loans outstanding .......... Loans outstanding to total assets 23 Cash loans 24 Mortgage loans .................................... 25 Total 26 IPer cent loans written off to loans outstanding .08 27 IRate of return on members' equities(3) 3.6 .. I 4.9 1 5.01 4.61 3.31 5.2 (1) Figures do not include estimates for non-reporters. (2) Manitoba includes estate endowment loans in cash loans. (3) Rate of return on members' equities is defined as: interest on deposits + dividends + interest or patronage rebates + transfers to reserves, divided by share capital + reserves + deposits + undivided surplus. - 19 - TABLEAU 9. 9tats des coinptes de prts des caisses locales d6pargne et de credit, 1968 I Alta. B.C. N.W.T. Man.(2) Bask. - - - - - - Canada Aib. C. B. T. N. NO thousands of dollars -- milliers de dollars - Montant des pX•8t5 77,692 72,650 67,697 82,645 118,658 100,679 111,922 107,415 55,319 52,774 40,645 67,448 38,658 19,457 12,220 45,895 100 9 024 68,182 30,058 138,148 13,830 10,636 7,604 16,862 116,350 92,107 79,917 128,540 218,682 168,862 141,981 245,563 160,317 190,679 102,850 248,146 29 30 27 33 .. - .. - .. - .. - 1,277,647 1,183,155 960,278 1,503,902 Pr8ts sur reconnaissance de dette: Prts en cours au d6but de [ann6e PrBts consentis au cours de l'année PrBts reinboursés au cours de Lannée Prts en tours B la fin de Pannée 878,262 298,848 185,135 992,219 Prts hypothécaires: Pr8ts en cours au debut de l'année Prets consentis au tours de l'annie Pr8ts remboursCs au cours de l'année PrBts en cours B Is fin de l'annCe 69,149 63,410 48,249 84,310 160,317 190,679 102,850 248,146 29 30 27 33 2,155,909 1,482,003 1,145,413 2,496,121 2,971 . . 9 55,271 254 96 233 .. - 2,905 43 11 82 .. - 541 1 2 3 4 ............. ............ ........... ............ 5 6 7 8 ............. ........... ........... ............ Total des prts: (sur reconnaissances de dette et hypothBques): Pr8ts en cours au debut de l'annCe Pr8ts consontis au cours de t'année Pr8ts remboursés au cours de l'année Pr5ts en cours B Is fin de lannCe ........... 9 10 11 12 ..................... 13 ............ .......... ......... ArriCrés de plus de 90 Jours .................. 14 Pr8ts rccouvrs au cours de l'annóc .............. 15 Pr8ts radis au cours dc 1ann Valeur moyenne des p8ts consentis ............................ 16 17 ........................................ 18 1,000 1,063 .. 1,830 508 1,003 Pr8ts sur reconnaissance de dette 5,966 Pr8ts hypothecsires 4,465 3,371. .. .. .. 1,196 1,470 1,791. 1,830 508 1,205 Total .............. percentage - - pourcentage Certains rapports 3.41 59.24 4.91 135.75 4.67 102.83 3.74 92.16 3.03 115.15 5.64 108.44 62.65 140.66 107.50 95.90 118.18 114.08 54.48 100.59 85.65 67.54 124.24 86.17 RCservea aux prBts en cours Actions et depOts aux prOts en cours ........... 19 20 ........................................ 21 .................... Total Avoir des sociétairea aux pr8ts en cours ......... 22 Pr8ts en cours B l'actif total 52.63 12.39 27.73 17.60 64.85 16.21 88.48 65.02 45.33 81.06 88.48 .19 .04 .27 5.4 4.2 5.4 .. .. 4.9 80.48 .. 80.48 .. 2.4 62.41 16.03 76.44 ............................ 23 24 ........................................ 25 Pr8ts sur reconnaissance de dette Prts hypothécairea Total .............. .17 Pourcentage des prBts radiés par rapport aux prBts en cours. 26 4.4 Taux de rendement de lavoir des soctétalres(3) 27 (1) Non ccsnprise l'eatimation des prts des caisses non déclarantes. (2) Au Manitoba, lea pr8ts sur reconnaissance de dette comprennent également lea prOts sur successions ou dotations. (3) Le taux de rendeinent de l'avoir des sociCtaires eat le rBsultat de l'opération suivante: (int6r8t des depOts + dividendes + ristournes + virements aux reserves i- (capital social + reserves + reserves + depOts + béndficea non répartis). - 20 - ThBLE 10. Number of Loans of Local Credit Unions, 1968 Prince Edward Island Newfoundland - - - - TerreNeuve - - Ile-duPrinceEdouard No. New Brunswick Nova Scotia I - NouvelleEcosse number - Qu6bec(1) - Ontario NouveauBrunswick - nombre Number of loans Cash loans 1 2 3 4 5 6 7 8 Loans in force beginning of year. Loans made during year. Loans repaid during year. Loans in force end of year. Mortgage loans: Loans in force beginning of year. Loans made during year. Loans repaid during year. Loans in force end of year. 1,749 4,238 390,723 29,863 405,050 2,866 5,772 2,283 5,550 362,898 2,332 4,460 432,875 93 21 116,833 19 30 29,821 22 16 23,396 90 35 123,258 1,842 4,259 507,556 2,885 5,802 2,305 5,566 386,294 2,422 4,495 556,133 501,529 Total loans (cash and mortgage): 9 10 ii 12 Loans in force beginning of year. Loans made during year. Loans repaid during year. Loans in force end of year. 13 Loans over 90 days in arrears. 14 Loans written off during year. 15 Loans recovered during year. 118 7 (1) Figures do not include estimates for non-reporters. (2) Manitoba includes estate endowment loans in cash loans. 29,863 434,871 28,490 501,529 - 21 - TABLEAU 10. Nombre de prêts des caisses locales d'epargne et de credit, 1968 Northwest British Terntories Mani- Saskat- Columbia AlberLa C;ireida toba(2) chewan Colombie- Tern__________ Britannique1 toires du Nord-Ouest number - - notnbre - - I I No Nombre dc prts; 104,367 72,650 94,671 35,398 104,193 98,456 65 501,142 61 1,152,053 65 370,796 61 538,184 116,947 4,357 20,223 54,450 23,434 123,383 104,367 77,007 114,894 35,398 104,193 98,456 4,211 65 618,089 61 1,306,503 65 394,230 61 661,567 27 32,846 Pr('ts sur reconnaissance de dette: Prts en cours au debut de l'année. Pr5ts consentis au cours de l'annCe. Prêts remboursés au cours de l'annCe. Prts en cours A Ia fin de l'année. Prts hypothécaires: Prts en cours au debut de 1.'ann6e. Prts consentis au cours de l'annCe. Prts remboursCs au cours de l'année. Frets en cours A 1a fin do l'annCe. Total des prts (sur reconnaissance de dette et hypothèques) Frets en cours an debut de 1'ann6i. Frets consentis au cours de l'année. PrCts remboursés au cours de l'année. Frets en cours A is fin de l'annCe. I 2 3 4 5 6 7 8 9 1.0 11 12 Arniérés de plus do 90 jours. 13 Prts radi('s au cours de 1 'annCc. 14 Frets recouvrCs an cours de l'année. 15 • 484 491 (1) Non comp rise l'estim ation des pr ts des cais ses non décl arantes. (2) Au Manit oba, les pr Is sur recon aissance de dette compr ennent egalement les prets sur successions ou dotat ions. - 22 - TABLE 11. Purpose of Loans, 1968(1) Consoli- Auto- Medical dation mobile Invest- and of debt purchases ments Education dental Holidays Taxes Consoli- Achats Place- 9ducation Soins me- Vacances Impôts dation d'auto- ments dicaux et et taxes de dettesi mobile I dentaires thousands of dollars - - milliers de dollars No. Newfoundland ............. 168 1 Cash loans 2 Mortgage loans 3 - 320 - 22 20 20 68 - - - - 2 - ................168 320 22 20 20 68 2 .............95,793 122,246 3,888 6,413 7,655 6,012 9,178 ......... 12,019 5,323 Total ................ 107,812 127,569 3,888 6,757 7,655 6,012 9,178 17,460 1,766 699 329 1,862 734 1,568 595 35 5 3 11 47 Total ................ 12,883 18,055 1,801 704 332 1,873 781 23,355 2,596 1,772 190 1,256 969 8,555 3,313 743 108 9 78 281 Total ................ 23,700 26,668 3,339 1,880 199 1,334 1,250 17,148 1,464 667 303 1,882 665 - - 667 303 1,882 680 427 4,625 - - Total Quebec 4 Cash loans 5 Mortgage loans 6 344 - - - - Manitoba .............11,315 7 Cash loans 8 Mortgage loans 9 Saskatchewan(2) .............15,145 10 Cash loans 11 Mortgage loans 12 Alberta ............. 6,986 13 Cash loans 14 Mortgage loans 15 Total - ................6,986 - - 17,148 1,464 2,780 2,465 - - - - 665 Northwest Territories ............. 7,460 16 Cash loans 17 Mortgage loans 18 19 Total - ................ 7,460 Total .............. 159,009 - - - 460 - 2,780 2,465 680 427 4,625 460 192,540 12,979 10,708 8,936 15,794 12,336 (1) Only the provinces which provided data on "purposes of loans" are shown in the above table. This total, $928,752,000 is 69% of the total loans granted of $1,344,624,000. (2) Saskatchewan also includes in the amount reported under "Holidays", loans made for; education, medical, taxes and holidays. - 23 - TABLEAU 11. But des prets consentis 1968(1) Estate Home Real Operating or endowrepairs estate Equipment expenses Other ment - - - - - - - - - - - - Total Répa- Immeuble Materiel Dépenses Autres Dotations rations- d'exploi- ou sueI de maison tation cessions I thousands of dollars -- milliers de dollars Terre -Neuve 169 7 - 30 169 37 80 - 80 100 - 100 65 - 1,041 - - 30 - 1,071 65 Frets sur reconnaissance de dette. Prets hypothécaires 1 2 Total ................3 Québec 28,177 44,209 30,702 36,393 19,574 129,807 687 3,949 47,751 174,016 31,389 40,342 10,140 - 10,140 - 400,806 - 171,703 - 572,509 Frets sur reconnaissance de dette. Frets hypothécaires ... 4 5 Total ................6 Manitoba 4,379 5,795 8,304 16,716 2,869 362 15,059 701 902 169 4,741 20,854 9,005 17,618 3,038 422 72,650 - 19,457 422 92,107 Frets sur reconnaissance de dette. Frets hypothécaires ... 7 8 Total ................9 Saskatchewan (2) 2,564 7,466 16,154 27,386 1,525 298 100,676 1,936 38,173 6,497 8,210 274 1 68,178 4,500 45,639 22,651 35,596 1,799 299 168,854 Frets sur reconnaissance de dette. Frets hypothCcaires ... .0 11 Total ................ 12 Alberta 3,325 - 3,325 - 10,636 10,636 4,329 - 4,329 15,538 - 15,538 467 - 52,774 - - 10,636 467 - 63,410 Prets sur reconnaissance de dette. Frets hypothécaires ... 13 14 Total ................ 15 Territoires du Nord-Ouest 2,360 - 600 - 3,570 - 1,750 - 3,624 - 2,360 600 3,570 1,750 3,624 62,846 251,782 71,024 110,944 19,133 - - - 721 30,801 - Frets sur reconnaissance de dette. Frets hypothécaires 16 17 30,801 Total ................ 18 928,752 Total .............. 19 (1) Seules les provinces qui ont fourni des données sur les buts des prets sont compris dans Ce tableau. Le total de $928,752,000 équivaut A 697 de l'ensemble des prets conseritis (1,344,624,000). (2) I.e montant déclaré par Ia Saskatchewan au titre de "Vacances" comprend lea prets consentis pour l'dducation, les soins médicaux, les impots et lea taxes en plus des vacances. - 24 - TABLE 12. Purpose of Loans Made as a Percentage of Total Loans, 1968 So. Consolidation of debt Automobile purchases Consolidation de dettes Achats d'automobile Investmerits Education Placemerits Medical and dental 9ducation percentage - - Soins medicaux et dentaires pourcentage Holidays Taxes Vacances ImpOts et taxes Newfoundland 2.08 1.88 1.88 6.35 .20 1 2 Cash loans ......................... 15.69 Mortgage loans ..................... 29.88 3 Total ............................ 15.69 29.88 2.08 1.88 1.88 6.35 .20 1.05 1.60 - - - - - - - Quebec 4 5 Cash loans ......................... 16.73 Mortgage loans ..................... 2.10 21.35 .9 3 .68 1.12 .06 1.34 - 6 Total ............................ 18.83 22.28 .68 1.18 1.34 1.05 1.60 - - - Manitoba 7 8 Cash loans ......................... 12.34 Mortgage loans ..................... 1.71 19.04 .65 1.54 .04 .76 .36 - - 2.03 .01 .80 .05 9 Total ............................ 14.05 19.69 1.58 .76 .36 2.04 .85 Saskatchewan 10 11 Cash loans .........................8.98 Mortgage loans .....................5.07 13.85 1.96 1.71 .40 1.05 .06 .11 - .75 .05 .57 .17 12 Total ............................ 14.05 15.81 2.11 1.11 .11 .80 .74 2.31 1.05 .48 2.97 1.05 Alberta 13 14 Cash loans ......................... 11.02 Mortgage loans ..................... 27.04 15 Total ............................ 11.02 27.04 2.31 1.05 .48 2.97 1.05 8.00 2.21 1.39 15.02 1.49 - - - - - - - Northwest Territories 16 17 Cash loans ......................... 26.21 Mortgage loans ................... 9.02 18 Total ............................ 24.21 9.02 8.00 2.21 1.39 15.02 1.49 17.12 20.73 1.40 1.15 .96 1.70 1.33 19 - Total .......................... - - - - - TABLE 13. Schedule of Interest and Dividend Rates of Local Credit Unions, 1968 Nfld. P.E.I. N.S. N.E. - - - - - - - - Que. Ont. T.-N. I. P.-. N.-. N.8. No. percentage - - pourcentage Interest or dividend rate paid 1 Ordinary deposits .................. 2 Term deposits ...................... 3 Shares ............................ 4 Patronage or interest rebates 5 Non-mortgage loans ................. 6 Mortgage loans ..................... 3.0 5.2 4.4 25.0 9.0 . 1.3 3.0-3.7 .. 1.5-6.0 15.0.. 2.0 6.5 4.5 10.0 12.0 9.5 0.0- 5.5 5.0- 7.5 0.0- 6.0 0.0-33.3 6.0-12.0 3.4 5.1 6.2 6 9.3 8.3 - - 25 - TABLEAU 12. But des prBts consentis, en pourcentage du total des prBts, 1968 Hcsse repairs Real estate - - - Réparations de matson Equipment Operating expenses Other - - - - - - - Inineuble Es tate or endowluent - Materiel Dépenses Autres d'exploitation percentage -- pourcentage Total - Dotations ou successions NO Terre -Neuve 15.79 - 15.79 .66 2.80 7.48 3.46 7.48 - 9.35 - 9.35 5.96 - 5.96 - 97.20 2.80 PrBts sur reconnaissance de dette 1 PrBts hypothécaires .................2 - 100.00 Total .............................3 - Québec 4.92 3.42 7.72 22.67 5.36 .12 6.36 .70 1.77 8.34 30.39 5.48 7.08 1.77 - - 70.00 30.00 Pr8ts sur reconnaissance de dette 4 PrBts hypothecaires ..................5 - 100.00 Total .............................. 6 - Manitoba 4.77 .39 6.32 16.42 9.04 .76 18.23 .98 3.12 .18 .46 5.16 22.74 9.80 19.21 3.30 .46 - 78.81 21.19 PrBts sur reconnaissance de dette 7 PrBts hypothecaires ..................8 100.00 Total .............................. 9 Saskatchewan 1.52 1.15 4.16 22.65 9.58 3.85 16.25 4.87 2.67 26.81 13.63 21.12 .90 .18 .16 1 1.06 .18 59.61 40.39 prBts sur reconnaissance de dette 10 Pr8ts hypothCcaires ................ 11 100.00 Total ............................ 12 Alberta 5.24 - 5.24 - 16.77 16.77 6.83 - 6.83 24.50 - 24.50 .74 . - - 83.23 16.77 E'rBts sur reconnaissance de dette 13 Frets hypothCcaires ................14 .74 - 100.00 Total ............................ 15 Territoires du Nord-Ouest 7.66 - 1.95 - 11.59 - 5.68 - 11.80 - 7.66 1.95 11.59 5.68 11.80 6.77 27.11 7.65 11.95 2.06 100.00 - - - Pr8ts sur reconnaissance de dette 16 Frets hypothecsires ................ 17 - 100.00 Total ............................ 18 .07 100.00 Total .......................... 19 TABLEAU 13. Taux d'int6r8t et de dividende des caisses locales d'épargne et de credit, 1968 Alta. B.C. N.W.T. Man. Sask. - - - - - Aib. C. -B. T. N. -0. percentage---pourcentage No Taux d'intérBt ou de dividende 3.5 3.5 4.6 10.0 9.6 8.5-8.8 2.0- 6.0 4.0- 6.0 2.5- 6.0 5.0-25.0 7.0-12.0 6.0- 9.5 4.5 6.0 5.0 10.0 9.0-12.0 9.0 .. - Dépôts ordinaires ................................1 .. - Depots I tense ...................................2 .. 4.5 Actions ..........................................3 .. - Ristournes ...................................... 4 . .. 12.0 Frets autres que pr'ts hypothécaires .............5 .. - PrBta hypothécaires ..............................6 - 26 - TABLE 14. Employees of Local Credit Unions, 1968 P.E.I. Nfld. - - - - - T.-N. No. _1._P,-E. N.S. N.B. - - - - Qué. Ont. _N.-B. _N.-. number - nombre - Employees I 2 3 4 15 134 56 6 Full time (salaried) .......................... 17 146 163 8 Part time (salaried) .......................... 276 Voluntary ...................................... 12 Total ........................................ 26 280 32 515 TABLE 15. Loans made by Central Credit Unions, 1962-1968(1) Centrals 1962 I 1963 I 1964 Centrales thousands of dollars -- milliers de dollars 1 Newfoundland - - Terre-Neuve Terra Nova Co-operative Credit Society Ltd ....................... 46 70 63 2 Prince Edward Island -- fle du Prince-douard P.E.I. Credit League Ltd ......................................... 14 18 17 3 Nova Scotia - - Nouvelle-Ecosse N.S. Credit Union League ......................................... 1,006 1,874 1,329 4 5 New Brunswick -- Nouveau-Ilrunswick Brunswick Credit Union Federation ................................ 97 La Fédération des Caisses Populaires Acadiennes .................. 931 96 1,021 134 1,131 6 7 8 9 10 Québec Fédération des Caisses d'Econante do Québec ....................... .. La Fédération de Montréal des Caisses Desjardins ................. 121 La Fédératiori des Caisses Populaires Desjardlns(2) ............... 11,612 La Ligue des Caisses d'Economie du Québec ........................ 627 Quebec Central Credit Union ...................................... 71 30 11,821 658 288 625 11,460 1,787 11 12 13 14 15 Ontario tInt. Credit Union League ......................................... 9,743 Ont. Co-operative Credit Society ................................. 11,590 La Caisse Rdgionale de Cochrane et Temiskaming ................... 47 La Caisse Régionale Nipissing Sudbury ............................ 187 La Fédération des Caisses Populaires (C.F.) de 1'Ontario Ltée .. 53 11,481 14,039 41 63 20 12,418 20,998 57 191 12 16 17 Manitoba Co-operative Credit Society of Manitoba .......................... 2,790 218 La Centrale des Caisses Populaires du Manitoba C.U.S 3,099 218 6,568 642 18 Saskatchewan Sask. Co-operative Credit Society ................................ 63,240 67,657 74,332 19 Alberta Credit Union Federation of Alberta Ltd 2,750 5,352 10,142 16,113 20 21 - ......................... 1,960 British Columbia - - Columbie-Britanniguc B.C. Central Credit Union ....................................... 10,434 . Canada .......................................................... .114,716 - 1 1 125,169 (1) Statistics prior to 1966 taken from Department of Agriculture, "Credit Unions in Canada, 1965". (2) The figures reported for La Fédération des Caisses Populaires Desjardins are a sunsnary of ten centrals. - 153,517 - 27 - TABLEAU 14. Personnel des caisses locales d'epargne et de credit, 1968 Alta. B.C.N.W.T. Man, Saak, - - - - - - Canada Aib. C. -B, T. N.-0. number - - nombre 1 Personnel I 715 Plein temps (appointC) 2 251 1 .. Temps partiel (appointé) 161 1 . . Bénévle .......................................3 - .......................... ....................... 1 1 127 2 . . Total ........................................ 4 TABLEAU 15. PrBts consentis par lea caissea centrales d'épargne St de credit, 1962_1968(l) Percentage change 1968 over 1967 1968 1967 1966 1965 - - Variation proportionnelle de 1968-1967 percent -pourcentage thousands of dollars -- milliers de dollars NO - 1 132.35 395 83 115 170 8 11 12 2,536 2,353 2,956 2,745 - 7.13 3 229 1,898 116 2,756 116 1,823 1,535 - 2.33 4 5 742 335 16,243 2,599 815 510 23,579 1,099 1,401 600 24,321 1,480 1.76 11.2 6 7 8 - - 2 1,654 27,067 9 2,331.21 433.33 11 12 13 14 15 2.62 47.08 16 1.7 202,577 29.88 18 9,225 15,151 63.24 19 62,462 68,826 9,607 20 271,891 328,566 327,687 21 17,133 29,920 16,383 25,130 30 197 170 11,239 30,400 129 141 173 39 4,206 208 9,568 727 8,624 641 13,644 756 17,214 400 114,502 120,166 155,971 5,867 6,735 56,324r 253,571 10 1,378 - - - 45.55 43.550 - - - (1) La statistique antérleure a 1966 eat tirée "Lea caisaes populaires au Canada 1965" publication du ministêre de 1'Agriculture. (2) Lea chiffres concernant la Fédération des Caisses Populairea Deajardina sont un résumé des chiffres de dix centrales. - 28 - TABLE 16. Balance Sheets, 1968(1) Newfoundland - - TerreNeon-c Pr lace Edward Island New Brunswick Nova Scotia - - -- - Qudbec(2) Ontario Nouvelle. NouveauTie doPrinceBrunswick Ecosse (dosard thousands of dollars -- nllliers do dollars Manitoba Assets Cash and demand deposits On hand .......................................................... 15 Deposited in banks ............................................... 75 Deposited in centrals ............................................4 Other ............................................................ - a b C d 2 Investments Shares in centrals ............................................... 28 a Tort, deponits .................................................... 24 b Coveremest of Canada .............................................8 d Provincial govern,senrs ........................................... 5 Municipal goverements ............................................ e Religious institution, ........................................... gHospitals ......... . ............................................. . Other ............................................................ 11 h 3 a i ii iii iv v b i ii iii iv 4 Loans Cash loans Personal ........... . .......................................... .1,131 Farm ........................................................... Co-operatives and other enterprises ............................ 5 Other .......................................................... Local credit unions ............................................Mortgage loans: Dwellings ...................................................... 56 Fans ........................................................... Co-operatives and other enterprises ............................ Other .......................................................... - 22 140 - 25 52 - 51 35 - 3,385 - 23 266 - 42,171 8,116 265,701 4,396 3,341 12,950 9,908 1,759 9,218 13,206 576 26,621 56,227 248,803 15,146 95,337 9,629 18,640 4,378 14,895 14,229 2,632 977 6,737 18,005 1,275 184 440 381,422 40,545 6,933 33,097 465,865 3,848 1,641 1,694 63,500 9,110 5,832 4,203 6,576 1,052 22 214 654,809 23,590 1,074 102,501 3,865 1,087 1,517 29,489 7.996 5,652 2,758 8,327 2,605 425 2,264 596 639 471 767 1,476 179 1,863 488 906 107 48 3,320 359 352 1,618 220 750 30,338 514 - - - 28 2.955 8 - 41 - - - - - - - - - - 5 Fixed asseta(2) Land and buildings ............................................... 3 Equipment and furniture .......................................... 3 Stabilization fund depoait ........................................ - - 1,128 249 1,878 204 83 61,780 20,000 6 Other sssets ....................................................... I - 118 111 4,194 4,575 1,313 40.855 38,131 1,988,598 698,025 157,077 97 9 1,121 126 648 601 38 1,342 214 a b Total assets ................................................. 1,369 33 12 4,044 - - - Liabilities 11 12 Accounts payable ainterest ......................................................... bDividends ........................................................ 1 Other ............................................................ 2 c - - - - a b c Loans payable Centrals ......................................................... 23 Banks ............................................................ 61 Other ............................................................ 2 44 381 20 2,295 26 267 343 167 10 6,913 4,311 340 26,115 5,119 2,023 12,225 547 1,693 a b Demand deposits fly netnbera ....................................................... 38 By local credit unions ........................................... 105 125 330 972 842 - 1,455,237 120,123 135,64-4 - 20,103 3,678 a b Tens deposit By members ....................................................... By local credit unions ........................................... - - 4,085 Other liabilities .................................................. - - 122 13 16 - 15 16 Total liabilities ................................................ 232 20 Share capital ordinary ......................................................... 1,024 Net estate endosanent ............................................. Other ............................................................ - - 247 - - - 25,315 - 4,035 3,342 - 900 7,864 2,865 1,591,607 199,539 38.460 2,915 29,112 112 32,310 283,619 453,503 752 874 105,391 1,980 2,395 84 81,951 32,022 6,465 655 Members' equities 21 5 b d e Reserves Statutory ........................................................ 98 Stabilization deposits ............... ... .................. ....... B ond fluctuation ................................................. Education ........................................................ 2 General ..... .....................................................I 158 is - - - - - - 26 292 108 52 295 156 4,502 - - - - 402 4,487 333 22 Unidivided surplus ................................................. 12 56 1,469 317 26,468 6,446 5.773 23 Total member,' equities ........................................ 1,137 3,144 32,991 35.266 396,991 498.486 118,617 4.044 40,855 38,131 1,988,598 698,025 157,077 24 Total liabilities and members' equities ... . ..... . ........... ( L)canaoa ann provinctan corals escluoe centrals. 2 ) Fiaed assets are shown after deduction of sccsanulated depreciation. (3) Figures shown here not broken down an per items in loan account. .1,369 29 - TABLEAU 16. Bitans 1968(1) Northwest Terntories British Colombia Saskatchewan Centrals Canada - Terntoires du Nord-Ounat thousands of dollars -- srllliers de dollars Alberta - - - Centralen ColonbieBritarmique Act If 4,475 3,519 8,851 - 14,579 51,609 3.510 7,362 17,430 - 57,495 28643 8.105 13,172 - 55,716 43.187 18,678 20,567 257 1,823 1,525 121 2,484 447 3,985 18.399 - 2,092 7,640 741 525 383 5,161 2,442 519 1.237 492 - 2 - 6 - - - - 794 103.849 [17.952 1,636 4.387 33 67,448(3) - 16.862(3) - - . . 94,118 6,041 7.323 . - 64,098 27,722 292,604 24,700 22,056 55,694 18,524 3,921 60,429 95,163 36,187 80.638 283,062 2,632 977 103,849 1,314 18.256 25,759 65,291 56,770 1,206,574 85,571 27.110 52,634 - 40,384 14,039 7,443 117,803 2,108 En caisse St depOts I van 1 En caisse ........... ........................................... .a Ddp9ts dans len banques .........................................b DCpSt dann lea caissea centrales ............................... Antren .......................................................... d 2 Placements Parts nociale. dana lea caisse. centrals .......................a DepOts I ter,ne ..................................................b Obligations do gnavernement d Canada .......................... Obligations des provinces .......................................d Obligations dos msrnicipalitds ................................... e Institutions religicunes ....................................... HOpitaun ........................................................B Autres .......................................................... 6 3 Prks PrBts sur reconnaissance de dette: a Personnela ................................................... Agricoles ..................................................... ii Cooperatives Ct autres entrepniaes ............................ iii Autrea ........................................................Lv CaInsen locales d'Cpargne or do crddit ....................... Pr8ta hypoth8calrem: b Habitation. .................................................. Perme, ........................................................ ii Cooperatives et antres entrepriacs .............. .............. iii Autres . .... . .... . ................................ .............iv - 963,348 85,739 33,836 25,097 27,845 31,880 6,564 1,079 1,384 4 1obilination,(2) Terrains et b6tioentn .......................................... MatCriel ci mobilier ........................................... Odp5ts do foods de ntobiitsation .................................. 5 7,761. 2.056 2,719 7090 682 823 6,749 1,135 2,534 - 90,944 27,421 8,379 7,824 394 2,596 . 21,126 2,557 Autre actif ....................................................... 6 387.263 104,006 280,431 3,699,840 521,671 Actif total ................................................. 7 41 lass if 514 1,4 69 291 - 292 283 559 . 1.707 2.091 3,819 3,883 336 398 11 Couples I payer tntCrHt ......................................................... a DIvidendes ......................................................b Autres ..........................................................c 27.016 35 108 7,798 259 482 29283 321 757 - 112.055 11.237 5,702 106 18,684 21.915 Emprunts I rembourser 12 Ass caisses centrales .......................................... Ass basqrrea ..................................................... b dutres .......................................................... C 55,928 7,612 39,174 . . 1,715,675 124,236 10,807 273,316 DdpSts A usa 13 Socidtairea ..................................................... a Caisson locates d'dpargne et do crddit ..........................b 55,067 15,341 . 140,501 6,020 113,594 14 DdpOta A termo Socidtaires ..................................................... a Caisson locales d'Cpargse et de credit .......................... b 7,632 2,664 Arrtre paasif ...................................................... 15 2.124,655 451,723 Passif total .................................................. 16 - - - - 103 160,240 . 40,446 . 30 31.793 111,155 - Avoir des soctdtaires 220,277 2.083 - 8,644 2.719 172 7 517 63.308 434 - 2,407 832 - 20 687 138,641 10,445 1,215 38 - 8,313 - 124 847 1 . . - 1.330,138 13,826 2,089 49,960 160 144,434 4,305 467 845 11,718 12,247 901 1,618 128 2.270 21 Rdaerven Statutaire ...................................................... a Ponds de stabiiisation .......................................... b Pluctuation des obligations ..................................... C Ponds d'ddrscatlon ............................................... d Gdndrales ....................................................... e 12,604 4,525 9,691 2 67,363 2,664 BCnCfices non ndpartim ............................................ 22 247,023 72,213 168,040 41 1,575,185 69,948 Total de l'avoir dee sociCtaine .............................. 23 387,263 104,006 280,431 41 3,699,860 521,671 Total du pass11 at do l'avoir des socidtaires ............... 24 (1) to total du Canada cC des provinces no cnmprend pas to. centrales. (2) (3) 20 Capital nocial Parts ordinsires ................................................ 5 Hontant des successions on dotatl.ons ............................ b Autrea ...................................... .................... C Deduction faite de 1 1 aurortissement accuarulé. t2siffnes non rdpartia solon lea postea den prBta. - 30 - TAZLE 17. Con-size Balance Sheets of Local and Central Credit Unions, 1968 Newfoundland - TerreNeuve No. princef Edward Nova New Brunswick Island Scotia - - - Nouveaulie-dot NouvelleEcosse Brunswick PrinceEdosard percentage - - paircentage Québec Ontario Manitoba Assets Cash and demand deposits On hand ..........................................................1.10 a Deposited in banks ............................................... 5.48 b Deposited lot centrals .............................................32 dOther ............................................................ - .54 3.46 .62 1.56 1.15 1.86 3.87 .46 4.88 2.12 .41 13.36 .22 .47 1.85 1.41 .25 5.87 Total .......................................................... 6.90 4.62 4.57 9.21 16.11 3.98 5.87 Investments Shores in centrals ............................................... 2.05 Term deposits .................................................... 1.75 Government of Canada ............................................. .58 Provincial governments ........................................... .37 Municipal governments ................................ . .......... . Religious institutions ........................................... . gHospitals ........................................................ 6 Other .............................................................80 1.29 1.26 .87 - 1.19 2.21 .12 8.70 .94 .92 4.24 .66 .03 1.34 2.83 12.51 4.79 1.37 2.67 .62 2.13 2.03 .37 .13 .96 9.64 - Total ..........................................................5.55 3.42 4.18 14.92 22.16 10.28 9.64 Loans Cash loans: Personal ....................................................... 82.62 Farm .......................... . ............................... . Co-operatives and other enterprises .............................37 Other .......................................................... Local credit unions ............................................ - 83.70 .57 - 74.37 1.25 .07 47.21 3.34 .36 1.15 19.18 2.04 .35 1.66 66.74 .55 .23 .24 40.43 5.80 3.71 2.68 vi Total ........................................................ 82.99 84.27 75.69 52.06 23.23 67.76 52.62 i it lii iv Mortgage loans: Dwellings ...................................................... 4.09 Farm ........................................................... Co-operatives and other enterprises ......... . ..... . ........... . Other .......................................................... - 6.57 - 7.23 .01 32.93 1.19 .05 .10 17,24 2.75 .05 .55 14.88 .55 .15 .21 18,77 5.09 3.60 1.80 v Total ........................................................4.09 6.57 7.34 20.59 34.17 15.59 29.26 c Total loans ................................................ 87,08 90.84 83.03 72.65 57.40 83,35 81.88 a b Fixed assets Land and buildings ................................................22 Equipment and furniture .......................................... .22 .82 .30 2.76 .60 .53 .21 3.11 1.01 1.19 .37 1.44 .38 Total .......................................................... .44 1.12 1 o 2 a b c d • 3 a i ii iii iv v b 4 c 5 6 Stabilization fund deposits ........................................ Other assets ....................................................... .07 7 Total .................................................... 100.00 . 100.00 .25 .53 - 3.36 .74 412 1.56 1.82 4.59 .28 .28 .21 .06 .65 3.36 .84 100.00 100.00 100.00 100.00 100.00 .03 .08 .19 .14 Liabilities IL a b c Accounts p.yable Interest ......................................................... Dtvsdends .........................................................07 Other ............................................................ .15 - .23 .02 2.93 .33 d Total .......................................................... .22 - .23 3.28 .03 .27 .14 a b c Loans pay.ble Centrals .........................................................1.68 Banks ............................................................ 4.46 Other .............................................................15 1.09 9.42 .49 5.61 .06 .65 .89 .44 .02 .35 .22 .02 3.74 .73 .28 7.78 .35 1.08 Total .......................................................... 6.29 11 6.32 1.35 .59 4.75 9.21 a Demand deposits By members ....................................................... 2.78 By local credit onions ........................................... 7.67 3.09 8.16 2.37 - 2.20 - 73.17 6.04 19.43 - 12.80 2.34 - 9.99 - .64 . 12.36 2.84 12 13 14 Term deposits a By members ....................... ................ ....... ........................... . bBY local credit untona ........... ............. c Total deposits .................................................16.96 Other liabilities .......................... . ...................... . - 15 11.25 - - - 79.21 3.62 23.05 24.49 - .20 .47 22.25 19.21 7.47 80.03 28.54 24.49 Share capital Ordinary , .........................................................74.79 a bNet estate endowment ..... .............................. ..........Other ............................................................ c 72.43 - 71.25 .27 - 84,73 . . 14.26 - 64.96 .10 .12 67.10 d Total .......................................................... 74.7 72.48 71.52 84.73 14.26 65.18 67.10 Reserves a Statutory ........................................................ 7.24 bStabilizatlom deposits .. ................................. . ...... . Bond fluctuation ................................................. d Education ........................................................ .15 General .......................................................... .07 e 3.91 .37 - 4.84 .06 .71 6.28 .22 .28 .13 4.12 .01 .01 .23 4.67 .05 .64 4.12 .42 .21 4.75 16 Total liabilities ............................................ 16.96 20 .30 . - Members' equLtes 71 Total .......................................................... 7.47 Undivided surplus .................................................. .88 4.28 5.61 6.91 437 5.36 12 1.38 3.59 .89 1.34 .92 3.66 13 Total members' equities ...................................... 83.04 77.75 80.73 92.53 19.97 71.46 75.51 Total ...................................................... 100.00 100.00 100.00 100.00 100.00 100.00 100.00 - 31 TA8I,EAC 17. Bilan soon force de pourcentagen caiaaea dpargne at de crddit (locales at centralea), 1968 llritish Co1,ia Saakat chevan - - Alberta Northveat Terntories - - CoiceobieTendBritannique toirea du Nord-Oseot percentage -- pourcentage Dollar average - - Canada Average of Provincial ratio - - Moyenne du dollar Centrala - - Centralea Moyenne provinciale Act if 1.15 .90 2.28 .24 1.75 1.46 .11 .89 .16 1.43 6.64 4.33 3.56 9.12 3.76 15.90 .90 1.90 4.50 2.01 7.34 .71 .50 .36 1.86 .88 .18 .4.4 .17 .28 26.96 10.92 14.84 7.39 2.09 3.40 64.85 27.72 64.85 14.38 11.15 4.82 5 .31 16.21 3.81 4.88 . 4.88 14.63 - 14.63 41.60 .59 1.58 80.49 43.77 80.49 33.99 2.18 2.64 35.66 16.21 38.81 63.38 81.06 82.58 2.00 .53 2.58 .65 2.43 .40 2.53 3.23 2.83 .70 2,10 .79 .44 .91 75 100.00 100.00 100.00 . - . . 80.49 100.00 1.73 .75 7.91 .67 1.62 1.86 2.45 .71 4.23 10.87 3.55 .75 11.06 6.64 19.40 1.63 2.57 .98 2.18 1.65 .07 .03 2.81 2.18 4.92 .59 .91 2.19 .03 .01 .66 .25 3.49 4.93 12.51 10.88 17.92 11.49 39.80 32,61 2.31 .73 1.42 56.09 1.91 .84 .84 37.07 5968 . - 7.74 2.69 1.43 22.58 26.70 Encaiaae at dépbta I we I Encaisse ..........................................................a DdpDta dans leo banquea ........................................... b Ddp9ta dana lea caUses cestralea .............................. Autree ........................................... ........ ...... ... d Total ........................................................... a Ploceoaenta 2 Parts aocisle8 dana lea caiaaee centrales ......................... a Ddp8ts S taece .................................................... b Obligations da gooverseusent do Canada .......................... Obligations des provinces ..........................................d Obligations dna municipalitgs ............. . .................... ....a Inatituctons rel.igieuaea ....................................... HDpitauo ...........................................................$ Aootrea ............................................................ fl Total ........................................................ Pra 3 Pr8ta aur reconnaissance do dette: * Personnels ................................................... Agnieoleo ................................... ....... ......... ....... ii Coopfrativea at autrea entreprisea ............................... ilL Autres ....................................................... Caisaes locales d8pargne at de crddit ............................. v Total ...................................................... ..... vi 26,04 2.32 .91 .68 15.11 2.08 1.02 .72 5.33 6.16 Pr6ta hypothfcairea: b Habitations .................................................. Ferces ....................................................... ..... ii Cooperatives at autrea entrepriaeo ............................... Autrea ........................................................... iv Total .......................................................... .40 29.95 18.93 11.89 67.02 78.61 38.54 2.46 .97 1.55 .72 1.26 .20 3.43 2.27 1.46 Total ........................................................ .57 .89 .26 .49 Ddp4ta do fonda de atabiliaaclon ...................................5 Autre actif ........................................................ 6 100.00 100.00 100.00 Total .................................................... 7 Total des pr9to .......................................... Inanobilisations 4 Terrains at bltiiaenta ................... . .......... . ........... ...a Materiel at mobilier ........................................... .. b Paasjf .13 .27 .37 - .10 .10 .20 .50 .27 .40 .02 7.49 .25 .46 10.57 .11 .21 6.99 8.20 10.95 6.97 - . - .05 .06 .10 .06 .28 .15 .74 .06 .08 .21 .49 .88 Ctea I payer 11 Int6r8ta ......................................................... .. a Dividendes ..................................................... ... .b Autrea ......................................................... Total ..... ................................................... ... d E,prunts S reoabouraer 12 Aan caiaaes centraleo ...........................................a .. Aux banquea .................................................... ... b Autres ......................................................... - 3.03 .30 .14 4.20 1.46 .33 .02 3.58 4.20 3.47 5.99 7.80 Total ............................................................ 8 46.37 3.36 13.80 2.20 2.07 52.42 Ddp8ta vue S 13 Socidtatres ....................................................... a Caissas locales d'epargna at de credit ......................... Ddpbts S teame 14 Socidtnirea ..................................................... a Caisaea locales d'fpargne at de credit ...... . .................. .b 14.44 7.31 14.14 - 14.21 14.74 14.60 - 3.80 5.25 1.15 21.78 28.65 22.05 28.74 57.21 21.25 77.42 .01 . - .26 .09 .52 Autre pasaif ...................................................... 15 40.10 - 57.47 27.92 86.59 Passif total ...................................................... 16 .02 36.16 - 30.52 - - - Total des depOts ............................................. Avoir des soctdtairee Capital social 20 Parts ordthairea ................................................ a Montant net des aucceaaiona Os dotationa ........................b ,4utrea ......................................................... 56.88 .53 60.86 .41 49.44 3.72 .26 92.68 35.95 .37 .02 64.55 .46 .05 9.57 57.41 61.27 53.42 92.68 36,44 65,06 9.60 Total .................... ............. ........................ d Rdservea 21 Statutaire .................... . ...... .... .......................a Fonda de stabilisation ..........................................b Fluctuation des obligations .................................... Fonda d'Cducatton ...............................................a Gdndrales ....................................................... a 2.23 .70 .04 - .13 - 2.31 .79 - .01 .66 3.03 . - - .03 2.46 3.77 .17 .01 .02 .31 4.11 .23 .01 .05 .25 2.34 .17 .31 .02 .43 - 3.10 3.77 3.03 2.44 4.28 4.65 3.27 3.33 4.44 3.45 4.88 1.81 2.47 .51 Hdsdficee non rfpartis ............................................22 Total de l'avoir des sociCcairea ............................ 23 63.84 69.48 59.90 100.00 42.53 63.89 13.41 100.00 10000 100.00 100.00 100.00 100.00 100.00 Total ......................................................... 8 Total .................................................... v - 32 - 1 I TABLE 18. Estimated Statements of Operations for Local and Central Credit Unions, 1968(1) P. Nfld. No. E. I. N. S. N.. 13 Qué. Ont. I.P. -E. N. -E. N. thousands of dollars -- milliers de dollars - - - - T. -N. - - - 3,356 16 152 2,157 180 259 - Man. Revenue 1 2 3 4 5 6 Loan interest(2) Bond and debenture interest Income from investment in centrals. Service charges Other revenue 67 1 .............. - 76,357 23,426 8,594 2 12 22 95 64 7,440 381 70 318 3,641 2,660 116,198 ...............- ............... - - ................. Total revenue 306 - 62,540 11,442 - - - 678 - - - 788 62,540 12,908 Expenditures 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Audit and inspection Charges: Clearing, service, etc. Depreciation Dues: League, federation, etc Heat, power, water Insurance: Loan Other Interest on borrowings Interest on deposits Postage, stationery, telephone Promotional: Advertising, donations, etc. Rent Repairs and maintenance Salaries, honoraria, etc Staff benefits Taxes: Property and business Unclassified - - 1 4 ........................ .......................- 37 - 4 2 1 25 25 3 - - 3 26 25 165 45 - 10 2 45 ................ - - Less: Dividends Interest and/or patronage rebates. - - - 342 - - - - - - - - - - - - - - 2,993 3,225 825 8,036 687 675 40,387 2,299 1,494 275 2,007 22,623 1,750 - - - - 750 - - - - - - - - - - - - - - 28,559(3) 5,205(3) 91,629 28,559 5,955 1,670 24,569 33,981 6,953 1,000 125 1,120 116 11,867 1,905 19,422 6,452 4,310 622 274 3,060 2,226 105,401 54,433 10,887 44 581 434 10,797 8,107 2,021 1,935 990 153 1,706 23 13 107 2 61 9 ............... Undivided surplus(4) 347 15 28 - 3,593 ............. Total expenditures ineluding dividends and interest rebates. - - 760 203 .................. Total expenditures - - 47 411 4 165 210 90 19 1 - 8 - 50 44 22 23 16 654 39 22 118 ..........................- 26 27 15 33 - 1 ............- Operating surplus 29 - - ..................- 25 28 - (1) Canada and provincial totals excludes centrals. (2) Loan interest is shown after deduction of interest rebates. (3) All other expenses included in "unclassified". (4) Undivided surplus does not include carry-over from 1967. - 33 - TABLEAU 18. 9tats estimatifs des revenus et des dépenses, caisses d'épargne et do crddit (locales et centrales) Canada, 1968(1) Alta B.C. N.W.T. ICentrals Sask, - - - - - - Canada - Alb. C. -B. T.N. -0. Centrales thousands of dollars -- milliers de dollars No Revenus 18,058 1,944 4,954 1,135 I 70 418 - 1,109 254 26,319 I 22,857 453 271 I 7,674 ) - I I I 3 - I 204,817 26,020 14,908 8,641 3,149 - - I 8,809 I 24,069 1 3 I 257,535 11,949 Intérêt de prts(2) .................. 1 13,375 Intrêt d'obligations ................2 242 Revenu de placements dans las 3 centrales. 1,290 Frais d'administration .............. 4 4,758 Autres revenue ...................... 5 31,614 I Total des revenus ................I 6 Dépenses 205 385 - 449 267 122 2,359 85 1,365 3,167 476 244 203 164 4,148 216 213 269 - - - ) 922 ) - - 3,670(3) 293 244 340 279 117 2,463 103 2,329 3,006 499 191 330 102 3,784 172 111 621 - - - - 1 - 1 - 521 1,422 61 829 3,832 3,863 1,087 177 26 15 13,657 894 4,591 48,469 3,368 1,948 20 14 10,801 7,065 244 231 835 2,284 31,607 2,179 346 42,265 117 26 1,741 98 29 5,842 14,337 4,592 14,984 2 163,173 27,336 11,982 4,217 9,085 1 94,362 4,278 Verification et inspection ............7 8 Frais: Compensation, administration, etc. Amortissement .........................9 10 Cotisation: Ligue, federation, etc Chauffage, electricité, eau ......... 11 Assurances: Prêts ............................. 12 Autres .............................13 Intérêt sur emprunts ................ 14 Interêt sur depots .................. 15 Frais de poste, papeterie, téléphone 16 Publicité, dons etc. .............. .17 Loyer ............................... Reparations et entretien ............ Appointements, honoraires, etc. .... Avantages sociaux ................... Taxes foncières et d'affaires ....... Divers .............................. . 18 19 20 21 22 23 Total des ddpenses .............. 24 Excddent d'exploitation ............. 25 8,653 2,492 5,533 1 54,528 2,747 Déduire: Dividendes ................. 26 127 505 938 - 10,805 30 Intérêt et ristournes ............... 27 23,117 7,589 21,455 3 228,506 30,113 Total des dépenses y compris 28 les dividendes et les ristournes. 3,202 I 1,220 I 2,614 I - I 29,039 I 1,501 I Bénéfices non r6partis(4) (1) Le total du Canada et des provinces ne comprend pas les chiffres des centrales. (2) Deduction faite des ristournes sur intérêt. (3) Toutes les autres dépenses sont comprises dans "Divers". (4) Ne comprend pas le solde de 1967. ........... 29 - 34 - TABLE 19. Conmn-Size Operating Statements of Local and Central Credit Unions, 1968 I Nfld. P.1:. I. N.S. N.B. - - - - - - - - Que. Ont. Man. T.-N. I.P.-E. N.-E. N.-6. percentage -- pourcentage Revenue Loan interest net ................................. 92.17 96.23 95.71 Bond and debenture interest ....................... 1.43 .41 4.18 Investment in centrals Service charges .............................................. .60 2.86 2.61 Other revenue ..................................... 3.77 1 2 3 4 5 81.09 6.77 9.74 2.44 65.71 20.16 7.40 6.40 .33 88.64 100.00 5.25 6.11 6 I Total revenues ..................................100.00 I 100.001 100.00 I 100.001 100.00 1100.00 I 100.00 Expenditures 7 8 9 10 11 .41 Audit and inspection Charges: Clearing, service, etc .91 Depreciation ...................................... 1.37 Dues: League, federation, etc ..................... 1.43 1.21 .60 Heat, power, water ................................ .31 Insurance: Loan ............................................ 5.71 11.64 11.29 Other ........................................... .11 7.86 Interest on borrowings ............................ 5.71 4.53 7.86 Interest on deposits .............................. 2.86 5.77 Postage, stationery, telephone .................... 1.43 .94 2.47 Promotional: Advertising, donations, etc .52 Rent ...............................................94 .63 Repairs and maintenance .44 Salaries, honoraria, etc.......................... 14.29 14.15 17.97 Staff benefits .................................... 2.86 1.07 .60 Taxes: Property and business Unclassified ...................................... 1.43 8.18 3.24 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Total expenditures ............................ I Operating surplus ................................ 35.71 51.88 53.16 .30 - 1.77 - 13.05 .56 1.05 12.86 .65 2.57 2.78 .70 6.92 .59 .58 34.76 1.98 1.29 .24 1.73 19.47 1.51 5.81 7.59 3.09 37.22 78.86 I 64.29 I 48.111 46.84 I 62.781 21.141 45.67(1) 40.32(1) 1 46.13 54.33 I 53.86 45.67 26 Less: Dividends ...................................32.86 33.65 27.47 42.11 10.21 31.06 33.39 27 Interest and/or patronage rebates .................18.57 .63 3.43 4.36 1.64 - 4.82 28 Total expenditures including dividends and Interest rebates ..........................87.14 86.16 84.06 83.69 90.71 76.73 84.34 29 Undivided surplus .................................12.86 13.84 15.94 16.31 9.29 23.27 15.66 30 Total .....................................00.00 100.00 100.00 100.00 100.00 100.00 100.00 (1) All other expenses included in unclassified'. - 35 - TABLEAU 19. Etats des revenus et des dépenses sous forme de pourcentages, caisses d'epargne et de credit (locales et centrales), 1968 Canada Based on Alta. B.C. N.W.T. Based average of Centrals Sask. - - - - - - on dollar provincial - Aib. C. -B. T.N. -0. values ratios Centrales FondfS sur Fondfs sur Ia valeur lea moyerien dollars nes pro vinciales I percentage -- pourcentage _________ NO Revenus 68.61 87 11 7.39) 18.82 4.21 .97 12.89 100.00 100.00 1.13 79.53 10.10 5.79 70.48 37.80 Int:6r8t de prfts, net ...........................1 21.01 42.31 Intérft d'obligations ..........................2 3.41 .76 Placements dens lea caisses centrales ..........3 .29 1.74 3.36 1.22 1.93 4.08 Frais d'administration ........................ 4 . 3.17 15.05 Autres revenus .................................5 100.00 100.00 100.00 Total des revenus ............................6 100.00 100.00 100.00 Depenses .78 1.46 1.71 1.01 .46 1.22 1.01 1.41 1.16 .49 .20 .55 1.49 1.50 .42 .25 .37 .64 .85 .23 .21 3.06 .56 .08 .05 8.96 .32 5.19 12.03 1.81 .93 .77 .62 15.76 .82 .81 1.02 10.23 .42 9.68 12.49 2.07 .79 1.37 .42 15.72 .71 .46 2.58 5.30 .35 1.78 18.82 1.31 .76 .33 .89 12.27 .85 .13 16.41 6.16 .18 .31 10.58 .06 .04 34.13 22.33 1.08 .74 .37 .08 5.54 .32 .09 17.77 10.47 ) 41.67(1 33.33 33.33 .32 3.39 .29 14.48 .71 .86 13.38 V8rification et inspection ....................... 7 Frais: compensation, administration etc..........8 Amortissement .................................... 9 Cotisation: Ligue, fédération, etc. . 10 Chauffage, electricité, eau .................... 11 Assurances: Prêts ........................................ 12 Autres ........................................ 13 Int6r8t sur emprunts ............................14 Intér8t sur d6p8ts ............................. 15 Frais de poste, papeterie, téléphone ............ 16 Publicité, dons, etc........................... 17 Loyer ........................................... 18 Reparations et entretien ....................... 19 Appointements, honoraires, etc. ............... 20 Avantages sociaux .............................. 21 Taxes foncières et d'affaires .................. 22 Divers ......................................... 23 ........... . 54.471 52.13 I 62.251 66.671 63.361 53.101 86.511 Total des dépenses ........................ 45. 53 1 4 7. 87 I 37. 751 33.331 36.641 46.891 13.491 Excédent d'exploitation ....................... I 24 I 25 32.88 .48 28.28 5.72 22.99 3.90 33.33 21.17 1.69 29.84 3.96 8.67 .09 87.83 86.13 89.14 100.00 86.22 86.90 95.27 12.17 13.87 10.86 13.78 13.10 4.73 Bénfficea non répartis .........................29 100.00 100.00 100.00 100.00 100.00 100.00 Total .................................. 30 - 100.00 Toutes lea autres dépenseS sont comprises dens "Divers" Déduire: Dividendes ............................. 26 IntCrPt et ristournes ........................... 27 Total des dépenses, y compris lea dividendes et les ristournes. 28 - 36 TABLE 20. Estimated Statements of Undistributed Surplus for Local and Central Credit Unions, 1968(1) Nfld. P.E.I. N.S. N.B. - - - - - - - - Qud. Ont. Man. T. N. . P. -h. N. -E. N. -B. No. thousands of dollars - milliers de dollars 1 Balance beginning of 13 48 year. Add: 2 Operating surplus 45 153 1 1 1,335 1 1 303 22,521 3,998 5,101 1,706 1,670 24,569 33,981 6,953 Deduct: 3 Appropriations to: Statutory reserve 4 Bond fluctuation reserve. 5 Education reserve 6 Other reserves .. 9 30 341 337 6,459 4,692 1,321 23 1 6 43 84 13 269 3 355 698 28 7 Dividends on shares 23 107 1,000 1,120 11,867 19,422 4,310 8 Patronage refunds ... 13 2 125 117 1,905 6,452 622 9 Other adjustment .... 10 Balance end of year 12 56 63 ((5) - 1,_ 1 1 1 l _,469 (1) Canada and provincial totals excludes centrals. 317 26,468 6,446 5,773 - 37 ThBLEAU 20. Etats estimatifs des bénéfices non répartis, caisses d'épargne et de credit (locales et centrales), 1968 Alta. B.C. N.W.T. Centrals Sask. - - - - - - Canada - Aib. C. -B. T.N. -0. Centrales N° thousands of dollars -- milliers de dollars 11,813 3,978 1 8,852 1 2 57,964 3,118 Solde au debut de 1 'année. Ajouter: 11,982 4,217 9,085 94,362 1 4,278 Excédent d'exploitation. 2 Déduire: Affectations: 2,242 400 2 1,389 17,220 1,340 37 62 226 14 72 158 660 3 128 201 191 1,604 170 8,653 2,492 5,533 54,528 2,747 127 505 938 10,806 30 25 1 - 12,604 4,525 9,691 2 1 83 A la reserve statutaire. 3 A la reserve pour fluctuation des obligations. 4 Au fonds d'éducation 5 Aux autres reserves .. 6 Dividendes des parts sociales. 7 Ristournes .............. 8 216 Autres rajustements .... 9 67,363 2,664 ISolde a la fin de 10 1 'année. L) Le total du Canada et des provinces ne comprend pas les chiffres des ceritrales. - 38 - TABLE 21. Estimated Statements of Reserve ACCOUntS for Local and Central Credit Unions, 1968(1) I IPrince I I I Newfound- Edward Nova New land Island Scotia Brunswick - - - - - - - - Qubec (2) Ontario Nanitoba Terre- lie du- Nouvelle- NouveauNeuve Prince- tcosse Brunswick Edouard thousands of dollars -- miliiers de dollars No. Statutory reserve I 133 1,768 2,153 73,713 29,206 5,697 30 340 337 6,459 4,692 1,321 5 21 2 405 28 43 4 9 Balance beginning of year 89 Add: Appropriation from undivided 9 surplus Recovery of loans written off Entrance fees and fines Refund of stabilization deposits Other .............................. Deduct: Loans written off .................. Appropriation to stabilization deposits. Other .............................. 10 Balance end of year .............. 98 155 2 - 3 4 5 6 7 8 - - - - - 139 - - - 13 - 12 83 - - - - - 1,992 - 2,137 2,395 - 357 - 2,309 - - - 254 346 - - - 81,952 32,022 6,465 Stabilization deposits reserve 11 12 13 14 Balance beginning of year Add: Appropriation from statutory reserve. Deduct: Recovery of deposits .............. . Balance end of year - 2 - - - - 315 - 13 - 84 - - 346 - - - - - - 6 - 15 - 84 - - 655 - - - - 23 - - - - - - 381 - - - - - 109 - - - - - 295 - - Bond fluctuation reserve 15 20 Balance beginning of year Add: Appropriation from undivided aUrp [us. Profit on sale or maturity of bonds. Other .............................. Deduct: Losses on sale or maturity of bonds. Other .............................. 21 Balance end of year .............. 16 17 18 19 - - - - - Education reserve 22 23 24 25 Balance beginning of year Add: Appropriation from undivided surplus. Deduct: Charges and adjustments 2 8 23 89 144 461 - - 6 43 83 12 269 - - 9 40 64 - 328 - 2 5 26 108 156 402 - 1 16 218 56 4,406 3,920 305 63 3 355 698 28 - Balance end of year General reserves 26 27 28 29 Balance beginning of year Add: Appropriation from undivided surplus. Deduct: Charges and adjustments Balance end of year (1) Canada and provincial totals exclude centrals. (2) Estimated as to category. - - - 16 (11) 7 260 131 - 292 52 4,501 4,487 1 333 - 39 - TABLEAU 21. Etats estimatifa des coptes de reserve, caisses d'epargne et de credit (locales et centrales), 1968(1) Northwest I British TernColumbia tories I Centrals Alberta - - - - Canada I Colowbie- Tern- I Centrales Bnitannique toires du I Nord-Ouest I thousands of dollars -- milliers de dollars Saskatchewan No Reserve statutaire 6,995 2,308 7,169 2,242 400 1,389 11 3 46 9 82 90 - 96 565 8,644 1 1 129,232 10,968 - 17,219 1,340 652 2,179 50 106 2 4 97 - 223 159 323 76 - 3,713 1,243 26 8 Solde au debut de I'année ....................... Ajouter: Affectations provenant des bdnéf ices non 2 répartis. Recouvrements sur pr8ts radles ................... 3 Droits d'inscription et amendes ..................4 Reiuboursement des depOts de stabilisation 5 Autres ........................................... 6 Déduire: Pr5ts radiés ..................................... 7 Affectations au fonds do stabilisation .......... 8 - 37 - 37 35 Autres ........................................... 9 144,445 12,247 Solde B La fin do l'annCe .....................10 2,408 1 1 8,313 6 Fonda de stabilisation 2,200 673 565 159 46 - 2,719 832 - 3,190 904 76 - 1,243 8 76 - 128 11 Solde au debut de l'année ......................... 11 Ajouter: Affectations provenant de is réerve 12 statutaire. Ddduire: Recouvrenients de dépts .........................13 - - 4,305 901 Solde B Is fin do l'annee ..................... 14 Reserve pour fluctuation des obligations 209 - 2 - 37 - 209 1,395 - 62 226 - 381 22 - - 39 - 37 - 185 25 172 - - - 467 1,618 Solde au debut do l'annee ......................... 15 Ajouter Affectations provenant des bénéfices non 16 repartis. BCnéfices our la vente ou l'arrivée B l'Cché17 ance dobligations. Autres .......................................... 18 Déduire: Pertes sur Ia vente ou l'arrivCe B I'échCance 19 d'obligat ions. Autres ......................................... 20 Solde B la fin de l'année .................... 21 Fonda d'éducation 21 17 106 - 871 158 14 72 158 - 657 3 28 70 140 - 679 33 Solde au debut de l'année ........................ 22 Ajouter: Affectations provenant des béndfices non 23 repartis. Dfduire: Frais et rajustements .......................... 24 7 19 124 - 849 128 Solde A is fin do L'annee .................... 25 Reserves génerales 382 486 836 - 10,626 2,101 128 201 191 - 1,667 170 180 - 576 1 Solde au debut do l'année ........................ 26 Ajouter: Affectations provenant des bCnCfices non 27 répartis. Déduire: Frais et rajustements .......................... 28 847 - 11,717 2,270 Solde B is fin do l'année .................... 29 (7) 517 687 (1) La total du Canada et des provinces ne comprend pas les res dos centralea. (2) Estimation quant B la categoric. - 40 - TABLE 22. Estimated Balance Sheets of Local and Central Unions, 1967(1) Newfoundland - - TerreNeuve No. __________ Prince Edward Island New Brunswick Nova Scotia - - - - - Qudbec(2) Ontario NouveauIle-duNouvellePrinceEcosse Brunswick Edouard thousands of dollars -- milliers de dollars Manitoba Assets Cash and demand depoSits On hand ..........................................................10 Deposited in banks ............................................... 73 Deposited in centrals ............................................2 Other ............................................................- a b c d 2 Laveatments Shares in centrals ...............................................24 Term deposits ....................................................25 Government of Canada ............................................. 8 Provincial governments ...........................................5 Municipal governments ............................................ Religious institutions ...........................................hospitals ........................................................Other ............................................................ 6 a b c d e g 6 3 I LI iii iv v Loans Cash loans: Personal .......................................................802 Farm ........................................................... Co-operatives and other enterprises ............................5 Other ..........................................................Local credit unions ........................................... 6 if iii iv Mortgage loans: Dwellings ......................................................39 Farm ...........................................................Co-operatives and other enterprises ............................Other ..........................................................- a b 26 209 - 51 - 57 27 - 2,894 - 249 - 15 574 408 774 - 460 2,625 29 1 9 - 284 27,118 386 - 2.754 8 - 413 1,137 2,307 5 34.257 7,678 235,983 2,765 4.715 13.557 10,360 1,415 2,363 2,757 4,553 57 2.767 192 347 1,565 227 167 395 13,267 371 36.385 52,784 242,231 26,011 15,047 51,939 9,323 15,364 7.535 12.617 13,924 1,520 674 5.828 3,637 3,716 1,032 1,171 2,390 15,163 1.798 221 399 331,833 33,144 5,154 33,329 429,445 4,414 1,938 4,737 57,358 9,234 6,988 4,112 5,632 941 212 138 601,938 19,845 214 88,764 5,813 1,238 1,938 [1,128 1,552 4,958 3,020 61,582 13,720 7.589 2,215 2.080 536 264 - - 320(3) 1.031(3) 11 10 7 889 224 142 76 5 ,(g4aasets(4) Land and buildings ...............................................3 Equipment and furniture .......................................... 3 Stabitieation fund deposits(S) ..................................... - - - 6 Other assets(5) ....................................................- 22 188 135 3,156 4.119 539 3,578 36.731 34,436 1.822,632 648,942 142.739 2,570 662 17 243 252 4 a b 7 Total assets ................................................... 1,005 11 Accounts payable a Interest ..........................................................bDividends ........................................................2 Other ............................................................1 c - - Liabilities - - 30 7 1,053 13 - a 6 c Loans payable Centrals ......................................................... 36 Banks ............................................................4 Other ............................................................4 41 207 1 2,099 61 43 342 90 6.750 3,047 288 24.416 4,481 2,072 7,835 421 440 a b Demand deposits By members .......................................................8 By local credit unions .......................................... 139 895 636 1,352,637 139,978 21,748 a b Term deposit By members ....................................................... 88 By local credit unions .......................................... 347 3,032 62 89,015 18.493 2.940 12 13 14 Other liabilities ..................................................- 15 16 Total liabilities .............................................. 143 20 Share capital Ordinary ......................................................... 761 N et estate endowment .............................................Other ............................................................ - - - - 876 1,313 735 6,275 2,203 1,455,192 191,675 33,636 2,566 27,036 29,520 266,802 415,713 534 1,474 97,684 27,806 5,697 315 115 Members' equities 21 a 6 d e Reserves Statutory(S) .....................................................79 Stabilisation deposits ........................................... B ond fluctuation ................................................. Education ........................................................4 General .......................................................... 1 - 133 2 - 8 16 111 - 112 1,756 2.153 - 218 - - 89 56 - 73,712 - 2,719 1.687 - 461 3,920 - - 1 305 22 Undivided surplus .................................................. 17 118 1,335 303 22,520 7,359 5,101 23 Total members' equities ........................................ 862 2,843 30,456 32,233 367,440 457,267 109,103 3,578 36,731 34,436 1.822,632 648,942 142,739 24 Total liabilities and members' equities ...................... 1,005 (I) Canada and provincial totals exclude centrals. (2) Figures do not include estimates for non-reporters, which represent approximately 1% of total assets. (3) Estimated as to category. (4) Fixed assets are shown after deduction of accumulated depreciation. (5) Othsr assets of some provinces Includes stabltlzation fund deposits. Statutory reaerva innludes stabilization fund reaervea for Ontario and British Colombia. - 41 - TAZLEAIJ 22. Bilans estlisatif, des cusses d'dpargne cc de credit (locales et centrales), 1967(1) Northwest Terntories British Colombia Sa.katchewan Alberta - - - Canada Terntoires do Nord-Oue,t thousand, of dollars -- istiliera 44 dollars ColombieBnttanniqoe Central, - - Centralen NO Act if 4,354 3,411 8,488 16,018 58.548 1,729 8, 669 16,902 - 64.075 33,224 9,493 11,866 40,110 32,378 13,963 13.573 162 1,666 1,658 111 2.289 572 2.948 5,645 - 2,038 6,975 707 641 403 4,481 10,178 512 1,206 129 - • - - 590 55,319 103,955 1,818 4,341 13,830 3 - 3 1,846 44,125 9,611 3.774 49.356 100,569 48,186 77.468 277,453 27.758 16,208 60,075 586 12,903 26.611 62,684 59,190 14,771 8.341 17.248 Placements 2 Parts socisle, dans len catasen centrales .. ............... . .... .a DepOts 4 terme ................................................. .b Obligations do gouvernement du Canada .......................... Obligations den provinces ................................... ... .d Obligations des nunicipalitCa ...................................e Institutis on religieunes ....................................... HOpitaun ....................................................... Autres ........................................................... h - 1,087.991 84,018 28.140 54,443 77,728 4,399 5.598 - 854,172 70,936 25,969 18,898 - 29 49,163 31,511 267,073 9,941 En cause en depOts a vue 1 En calase .........................................................a DdpOts dana lea banque ........................................... 6 DdpBts dana lea csis.es centrales .............................. Autres ............................................................d - 13,286 29,635 100,572 7,418 - 26,131 4,102 Pr8ts Pr8t, aur reconnaissance de dette: a Fersonnels ................................................... Agricoles ......................................................... Ii Cooperatives et mitre. entreprises ............................... iii Autres ....................................................... ..... iv Caisses locales d'Cpargne et de credIt ......... ...... ........ ...... v Pr8ta hypothdcnires: b Habitations .................................................. Fermes ....... . ......... . ............................ . ........ .... ii Coopdratives Cl autres cOt repriueo ........................... ... iii Autres ............................................... . ....... ... iv E,meobilisattons(4) 4 Terrains et b4tisentn ............ . ............................. ... a HatCriel ci nobilier .............................................. 6 DepOt, du fonds de stablliantios(5) ................................ 5 6,411 1,682 2,200 2,220 554 648 5,502 912 - 86,429 19,932 3,1.19 5,267 933 6,638 354 3,173 - 18,924 2,150 Aotrc actif(5) ..................................................... 6 353.792 87,266 236,576 3,367,732 459,784 Actif total ................................................... 7 - 35 - Pane ii 911 8,149 353 194 24,542 60 81 - 2.461 9.821 4,071 2,687 328 284 C om pte, I payer II tntdr8t ...................... . ................................. ...a Dividende ............................... . ..................... ...b Mitre, ............................................................ C - 92,896 8,888 3,517 35 22,314 17,924 Erunts I remboorser 12 Aux caisses centrales ............................................. a Aux banqoea ......... ........................................... ....b Mitre ............. . ........................................... ... c 26,434 - 1,595,714 17,191 230,539 DepOts I vue 13 Socidtaire ............... . .................................... ... a Caisses locales d'epargoe et de crCdtr ............................ b 25,04.4 - 184,062 5,324 92,685 DepOts I tome 14 SociCtaire ................. . .................................. ..a Caisson locales d'dpargse cc de crddit ..........................b . - 2,468 535 Autre pa.sif ..................................................... ..15 1.903.898 394,826 Pasaif total ................................................... 16 687 - - 609 - 4,631 83 164 22,195 433 424 - 47,610 5,629 36,182 8,859 1.4 118.652 19.560 75,826 1 1 Avoir dea soCiCtaires (L) (2) (3) (4) (5) 219,106 2,276 22 59,786 459 9,237 2,200 209 21 382 2,307 6 73 7.169 17 48. 106 836 . 134,253 9,544 318 - 32 - - 1 1,253,859 12,924 1,926 48,506 130,050 3.190 209 3,426 7,907 9,374 - 688 Capital aocial 20 Part. ordinaires .................................. ............. .a .. Montant des ,uccessions o, dotatloos ............................b Matrea ......................................................... 1,368 112 1,673 RC.ervea 21 Statotsire(5) ...................................................a Fond, de stabilisation ..........................................6 Fluctuation des obligations .................................... Fonda d'Cducation ............................................... d Cdndrales ....................................................... e - 1,087 3,978 8,524 1 50,343 3.237 Bdndfices non r9partis ............................................22 235,140 67,706 180,750 34 1,463,834 64,958 Total de I'aooir den aoctdtalre ..............................23 353,792 87,266 236,576 35 3,367,732 459,784 Total do passit at 44 l'avoir den .ucidtaire ............... 24 Le COCOt au uanaoa et 00$ provinces ne Cociprend pan ken centrales. Non casprise l'e,timation dos chit tres des caissea non ddclarantes. tstiststion qoant 7, Is caidgorie. Ddductlon falte de l'smortiases,ent accuss,1d. Y compnis pour certaines provinces lea ddpbts du foods de stabili,ation. Pour l'Ontario at is Cobomble-Brltanniqoe, 1.a rC.erv,s do fonds de stabilisation soot comprises dana Is reserve statutaire. - 42 - TABLE 23. Cn-aize Balance Sheets of Local and Central Credit Unions, 1967 Newfoundland -- TerreNeuve Prince fdward Island -- Nov. Scotia New Brunswick Nouvellecosse NouveauBrunswick -- 11. duPrincedouard -- percentage -- 4sdbec Ontario Manitoba pourcentage Assets Cash and demand deposits on hand ..........................................................1.00 Deposited in banks ............................................... 7.26 Deposited in centrals ..............................................20 dOther ........................................................... ..- a b Total .......................................................... 8.46 2• Investments Shares in centrals ................................................ 2.39 Term deposits .................................................... 2.49 Government of Canada ..............................................79 Provincial governments ........................................... .50 Municipal governments ............................................S fReligious institutions ................................. . ........ .Hospitals ........................................................ g h Other ............................................................ .59 b• c d Total ..........................................................6.76 3 I ii iii iv v Loans Cash loans: Personal ....................................................... 79.80 Pars ........................................................... Co-operatives and other enterprises ............................ .50 Other ......................................................... Local credit unions ............. ... ........................... .- vi Total ........................................................80.30 a b Mortgage loans i Dwellings ...................................................... 3.88 iiFarsI ........................... . ........... . .................. .Co-operatives and other enterprises ............................iii iv Other .......................................................... v Total ........................................................ 3.88 Total loans ................................................ 84.18 4 a b t 1.20 3.30 6,70 .02 1.88 .42 12.95 .15 .73 2.09 1.60 .21 1.66 1.93 3.19 6.57 4.78 11.22 15.40 4.63 6.78 1.42 1.25 7.15 .08 -.03 .13 .02 2.00 2.89 13.29 1.43 .82 2.85 1.44 2.37 1.16 1.94 2.13 .23 .10 .91 2.56 2.60 .72 .82 1.67 - - .77 .17 8.03 .56 1.01 4.54 .66 .48 1.15 3.77 9.28 16.60 24.03 1.0.28 9.31 80.88 73.83 1.05 44.03 5.22 .64 lB. 20 1.82 .28 66.18 .68 .30 40.18 6.47 4.90 - 1.59 .76 - - - - - - .22 .72 1.16 1.83 .73 2.88 80.88 74.88 51.05 22.13 67.89 54.43 6.96 1.50 .02 16.36 2.73 .62 .40 33.03 1 1 09 .42 - 13.68 .90 .19 .29 16.20 5.29 3.47 2.12 7.38 7.52 20.11 34.13 15.06 27.08 88.261 82.40 71.16 56.26 82.95 81.51 - - - .01 .31 .28 2.42 .61 .41 .22 3.38 .75 1.17 .34 1.46 .37 Total ...........................................................60 .59 3.03 .63 4.13 1.51 1.83 .20 .61 - .51 - .39 - .18 - .63 .19 .38 100.00 100.00 100.00 100.00 100.00 100.00 Total .................................................... 100.00 7 1.56 1.11 2.11 - Fixed assets Land and buildings ............................................... .30 Equipment and furniture .......................................... .30 Stabilization fund deposits ....................................... Other assets ....................................................... - 5 6 .73 5.84 Liabilities It Accounts payable a Interest ......................................................... bDividends ........................................................ . 20 Other .............................................................10 c - .08 - .02 3.06 .04 .14 - .10 -.04 .18 .08 3.12 .14 .14 .18 a b c Loans payable Centrals ......................................................... 3.58 Banks .............................................................40 Other .............................................................40 1.15 5.78 .03 5.72 .17 .11 .99 .26 - .37 .17 .01 3.76 .69 .32 5.49 .30 .30 d dTotal .......................................................... . 30 12 13 14 - Total .......................................................... 4.38 6.96 6.00 1.25 .55 4.77 6.09 Demand deposit. By members ....................................................... .80 a bBy local credit unions ........................................... - 3.89 2.4.4 1.85 74.21 21.57 15.24 - - Term deposits By members ....................................................... 8.75 a bBy local credit unions ........................................... - 9.69 8.25 .18 4.89 2.85 2.06 Total deposits ................................................. 9.55 13.58 10.69 2.03 Other liabilities .................................................. - 15 Total liabilities ............................................ 14.23 16 - - - - - - 79.10 24.42 17.30 .05 .21 20.54 17.08 6.40 79.84 29.5.4 23.57 71.72 73.61 .30 85.72 .33 14.64 64.06 .08 .23 68.43 71.72 73.91 86.05 14.64 64.37 68.43 3.72 .06 4.78 6.25 4.05 4.29 3.99 .22 .22 .44 .59 .26 .16 .15 .09 .07 .60 .22 4.43 .31 Members' equities 20 Share capital a Ordinary ......................................................... 75.72 bNet estate endrsnent ............................................. Other ............................................................ d 21 22 23 Total .......................................................... 75.72 Reserves a Statuory .........................................................7.86 bStabilization deposits ........................................... C Bond fluctuation ................................................. dEducation ........................................................ .40 e General .......................................................... .10 - - - - - - - - - - - Total .......................................................... 8.36 4.44 5.37 6.67 4.29 4.96 Undividsd surplus .................................................. 1.69 3.30 3.64 .88 1.23 1.13 3.57 equities ...................................... 85.77 19.46 82.92 93.60 20.16 70.46 76.43 Total ......................................................100.00 100.00 100.00 100.00 100.00 100.00 100.00 Total members' (1) Canada percentage are based on dollar vaiues. - 43 - TABLEAU 23. Bilan sous forae de pourcentages, caiaaea d'êpargne et de cridit (locale, at centrale,) • 1967 Northwest Tern. tories British Coloabia 5k•t• chewan -- Alberta Central. -- -- Canada(1) cOlo.,ieBnitannique Tern!toires do Nord-Onest percentage -- pourcentage Ceotrales Act ii - 1.23 .98 2,40 .97 .24 1.25 2.38 8.57 - .18 1.89 1.90 .13 4.61 4.10 4.84 8.57 4.53 16.55 .49 2.45 4.77 - 28.79 18.11 9.39 2.68 3.36 2.34 7.99 .81 .73 .46 - 12.33 63.39 - - 1.46 .94 7.93 .29 2.14 9.73 2.09 .82 10.62 14.79 Total ... .................... ................................... S .13 2.81 5.79 13.63 12.87 3.21 1.81 3.76 Place,sents 2 Parts socialea dana les cai,ae, centrales ...................... ..a DdpOts teree ................................................... b Obligation, do gouvernoaent do Canada ............................ a Obligations des provinces ........................................ d Obligations des municipalitis ..................................... a Institution, reilgienses ....................................... HOpitsux .......................................................... g Autres . .............................. ............................. h 44.01 - - .25 8.57 1.47 2.99 1.43 2.30 8.24 .82 .48 1.78 7.23 9.57 19.51 1.89 4.30 .22 .51 .06 43.94 .77 1.83 82.86 - - 33.54 63.39 46.54 11.34 9.15 3.95 3.83 15.85 32.86 1.86 2.36 . - . - 28.27 15.85 37.08 61.81 79.24 83.62 1.91 .48 2.56 .64 2.33 .38 2.29 3.18 2.71 .62 1.88 .74 .41 1.60 100.00 100.00 100.00 .26 2.47 .10 .22 .29 .26 2.83 .22 .55 6.94 .02 .02 5.31 .10 .18 9.38 .18 .18 6.98 5.59 13.46 32.31 2.49 .84 - Total ........................................................ Pr8t a Prêts our reconnaissance do dflte; a Personnela ................................................... Agricolea ......................................................... 11 Coopdratives et autrea entreprisea .............................. iii Antrea ............................................................ iv Caisse, locales d'ipargne at Ac cridit ............................ v 1.62 2.89 6.45 21.87 37.26 31.21 - 25.36 2.11 .77 .56 1.62 - 28.80 8.19 66.06 39.40 Total ........ . .................... . ........................ ... Total den pr8ts ............................................. c 2.57 .59 1.15 .20 I.,sobilisatlong 4 terrains Ct bétloest, ............................................. a Materiel at aobilier .............................................. 6 3.16 1.35 Total ........................................................ .09 .56 .46 DepOts do fonds de stablli.ation ................................. Antre actif ........................................................ 6 100.00 100.00 Total ..................................................... 7 82.86 - Encsiase et d6p8t, A we I to cai8se ...................................................... ..* DApAts dana lea banques ..........................................6 DdpAts dans lea caisses centralea .............................. Autres ...... . .................................................. ..A 82.86 100.00 - 5.68 .89 Total .......................................................... vi Pr8tx hypothAcaires 6 HabItations .................................................. Fermes ...................... .... ........... . ................. .... ii Cooperatives at autres entreprines ....................... . ... ... iii Autres . .... .................................................. ... iv Psoxlf Coaptes a payer 11 lntdreta ...........................................................a Dividende, ........................................................ 6 Autres .............................................................c Total ............................................................d - .07 .29 .12 .59 .07 .04 .48 .72 2.86 - 2.76 .26 .11 .01 4.85 3.90 9.74 2.86 3.13 8.76 Eaprooto A reathoorser 12 Aux caisse. centrals, . ......................................... ... a AOX banques ....................................................... b Autres ............................................................ c Total ............................................................d 6.45 11.17 - 47.38 3.74 50.14 DepOts I vue 13 Societaires ....................................................a . Caisses locales d'Cpargne et de credit .........................6 10.22 10.15 10.59 5.47 1.16 21.24 23.68 16.60 21.76 . 52.85 76.28 Dépota I reins 14 locidtalres ..................................................... a Caisses locales d'Cpargne et Ac credit ....... . .... ..............b Total des dipAta ............................................. - .05 33.5.4 . - 22.41 - - 32.05 2.86 - - .07 .11 Autre pasgif ...................................................... 15 56.53 85.87 Pass!! total ......................................................lb Avoir de, .ocidtaires 62.10 .64 .01 68.51 .53 62.75 2.61 .62 .06 .01 .10 56.75 4.03 .14 91.43 69.04 60.92 2.64 .77 3.03 .02 .56 3.40 .31 Capital social 20 Parts ordinairea ....... . ...................................... ..a Siontant net des successions on dotations ........................ b Astres ......................................................... 37.23 .38 .06 10.55 91.63 37.67 10.70 2.86 3.86 .09 .01 .10 .24 2.04 .05 .35 - 3.99 3.43 2.86 4.30 2.72 Total ........................................................ 4.56 3.60 2.85 1.50 .71 BinCfices non rOpartie ............................................ 22 Total de l'avoir des societaires ............................ 23 - - - - .15 - .30 .02 .36 66.46 77.59 67.95 97.14 43.47 14.13 100.40 100.00 100.00 100.00 100.00 100.00 So '.50505 Total ......................................................... A RCcervex 21 Statutoiro ......................................................5 Ponds de stabilisstiox .......................................... b Fluctuation des obligations .................................... Ponds d'Cdocstion ............................................... d G6nda1es ...................................................... bust canoes our is vaseur en Qotiara. Total .................................................... V - 44 - I TABLE 24. Estimated Statements of Operations for Local and Central Credit Unions, 1967(1) No. Nfld. P.E.I. N.S. N.B. - - - - - - - - Qué. Ont. Man. T. -N. I.P.-E. N. -1. N. -B. thousands of dollars -- milliers de dollars 1 Revenue 1 Loan interest(3) ............. 2 Bond and debenture interest 3 Income from investment in centrals. 4 Service charges .............. 5 Other revenue ................ 83 1 2 251 2,927 1,846 64,644 - 3 386 18,968 - - - 6,854 50,978(2) 9,655 ( 489 2,531(2)( - - - 6,138 ( 990 10 328 55 474 3 53,509 I 11,134 261 I 3,258 I 2,287 I 97,078 89 6 I Total revenue Expenditures 7 Audit and inspection ......... 8 Charges: clearing, service, etc. 9 Depreciation ................. 10 Dues: League, federation, etc. 11 Heat, power, water ........... Insurance: 12 Loan ....................... 13 Other ...................... 14 Interest on borrowings ....... 15 Interest on deposits ......... 16 Postage, stationery, telephone 17 Promotional: Advertising, donations, etc. 18 Rent ......................... 19 Repairs and maintenance ...... 20 Salaries, honiraria, etc ..... 21 Staff benefits ............... 22 Taxes: Property and business 23 Unclassified ................. 24 I Total expenditures 25 10perating surplus ............ 26 L Dividends 27 Interest and/or patronage rebates. 28 Total expenditures including dividends and interest rebates. 29 I Undivided surplus 9 -- -- -1 1 50 - - - - 44 308 -- -- - 2,418 6 35 -- -- 3 1 -- 12 21 3 143 159 14 21 9 -- -- -- 4 43 -- 8 41 565 312 2 15 444 463 40,112(4) 10,541(4) 4,505(4) 21 132 1,712 872 76,099 23,422 5,044 68 129 1,546 1,415 20,979 30,087 6,090 26 18 95 892 106 944 110 9,274 1,553 14,150 6,025 3,617 628 65 - I 227 I -- 2,710 485 33,084 6,989 ( 2 )' 5,892 I 1,926 I 86,926 I 43,597 I 9,289 ............ I 241 34 I 5481 3611 (1) Icanada and provincial totals excludes centrals. (2) lEstimated as to category. (3) Loan interest is shown after deduction of interest rebates. (4) All other expenses included in "unclassified". 10,152 1 9,912 1 1,845 - 45 - TABLEAU 24. Etats estimatifs des revenus et des dépenses, caisses d'épargne et de credit (locales et centrales) Canada, 1967(1) I C.-B. I I l Alta B.C. N.W.T. entrals Sask. - - - - - - Canada - entrales Al T.N.-O thousands of dollars -- milliers de dollars NO Revenus 6,271 14,573 1,847 4,613 - - 965 174 22,172 17,026 176 798 - - 1,029 930 168,256 21,870 12,267 2 - 8,093 5,534 - I 7,201 I 19,029 I 2 I 216,020 8,984 IntCrt de prts(3) ...................1 12,584 Intért d'obligations ................2 57 Revenu de placements dens les 3 centrales. 809 Frais d'administration ............... 4 4,987 Autres revenus ....................... 5 27,421 I Total des revenus .................I 6 Dépenses 1 1 1 138 327 -- 277 130 155 -- 482 376 236 104 237 214 74 2,112 77 788 ) 362 1,736 410 389 176 ) 171 125 3,567 170 156 240 3,025(4) ( - - 3,082 495 178 2,266 48 1,596 1,523 -172 ----802 -- 4,727 139 10,938 36,533 287 348 57 Verification et inspection ...........7 730 Frais: Compensation, administration, 8 etc. 93 Amortissement ........................9 94 Cotisation: Ligue, fédération, etc 10 24 Chauffage, electricitd, eau .......... 11 Assurances: 26 Prts ...............................12 21 Autres ..............................13 14,975 1nt6rt sur emprunts .................. 14 Intért sur dépôts ................... 15 Frais de poste,.papeterie, téléphone 16 230 Publicité, .dons, etc .................17 214 86 3,185 135 58 556 -- 432 211 13,570 305 214 59,904 90 Loyer ................................18 55 Reparations et entretien .............19 1,567 Appointements, honoraires, etc ....... 20 87 Avantages sociaux .................... 21 37 Taxes foncières et d 'affaires ........ 22 3,617 Divers ............................... 23 - -- - --- 1 10,888 I 3,387 I 11,059 I 1 I 11,284 I 3,814 I 7,970 1 ii 83,383 132,637 21,990 1 Total des dépenses 5,431 lExcddent d'exploitation .............. I ............. 24 j 25 8,625 2,151 4,538 1 44,313 2,684 Déduire: Dividendes .................. 26 125 482 903 - 9,950 19 Intérét et ristournes ................ 27 19,638 6,020 16,500 2 186,900 24,693 Total des dépenses y compris 28 les dividendes et los ristournes. 2,5341 1,181 I 2,5291 - I 29,1201 2,7281 Bénéfices non répartis (1)Le total du Canada et des provinces ne comprend pas les chiffres des centrales. (2) Estimation quant a la catégorie. (3) Deduction faite des ristournes sur intérét. (4) Toutes les autres dépenses sont comprises dans "Divers". ............... 29 - 46 - TABLE 25. Common-Size Operating Statements of Local and Central Credit Unions, 1967 Nfld. P.E.I. N.S. N.H. - - - - - - - - Qué. Out, Man. T. -N. I. P. -E. N. -E. N. -B. percentage - - pourcentage No. Revenue 1 2 3 Loan interest net ............. 93.26 1.12 Bond and debenture interest Investment in centrals ........ 2.25 4 5 Service charges ................. Other revenue ................. 3. 37 96.17 - 80.72 16.88 89.84 .09 - - - - - - 66.59 19.54 7.06 ( 4.73 6 - I Total revenues .............1100.00 3.83 I 10.07 100.00 1100.00 2.40 I 6.32 .49 86,72 4.39 95.27 ) ) ( ( 100.001 100.00 I 100.00 1 8.89 100.00 Expenditures 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Audit and inspection ......... -Charges: Clearing, service, etc. Depreciation .................... -..13 1. Dues: League, federation, etc Heat, power, water .............. Insurance: Loan ........................ 6.74 Other ...................... .3. Interest on borrowings ....... .37 Interest on deposits ........... 1.12 -Postage, stationery, telephone Promotional: Advertising, -donations, etc. Rent ............................. -Repairs and maintenance ......... 8. Salaries, honoraria, etc..... .99 Staff benefits ............ ..... -Taxes: Property and business Unclassified .................. 225 - - - - -- I Total expenditures ....... I -- -. -- .38 1.54 -- -- 1.92 -- -- -- 13.41 -4.60 8.05 1.15 9.45 -4.39 4.88 -.61 .92 .39 -- -- - - - - - - 1.53 1.32 -- - - 15.71 17.34 --13.64 -- -- -- - - -- 5.75 .39 -- -- 2.49 .50 34.08 13.06 4.84 ) 11.01 -- 13.63 20.26 41.32(1) 19.70(1 40.46(1) 23.601 50.581 52.551 38.131 78.39 1 43.77 I 45.30 25 Operating surplus .............76.40 49.42 47.45 1 61.87 21.61 56.23 54.70 26 Less: Dividends ...............29.20 36.39 27.38 41.28 9.55 26.45 32.49 27 Interest and/or patronage 20.23 - 3.25 4.81 1.60 11.26 5.64 rebates. 28 Total expenditures in- 73.03 86.97 83.18 84.22 89.54 81.48 83.43 cluding dividends and interest rebates. 29 Undivided surplus .............26.97 13.03 16.82 15.78 10.46 18.52 16.57 30 Total .................00.00 100.00 100.00 100.00 100.00 100.00 100.00 (1) All other expenses included in fl unc l ass ifiedu. (2) The average total expenditures including dividends and rebates for Canada is 85.37.. (3) The average undivided surplus for Canada is 14.7°/,. - 47 - TABLEAU 25. Etats des revenus et des dépenses sous forine de pourcentages, caisses d'epargne et de credit (locales et centrales), 1967 Alta. B.C. N.W.T. Centrals Sask. - - - - - - Canada - Alb. C. -B. T. N. -0. Centrales percentage - - pourcentage NO Revenus 65.73 8.33 20.81 87.09 - 4.35 .78 89.47 .93 4.19 - - 12.91 5.41 100.00 - - 32.76 Intérêt de prêts, net .............. 45.89 Intdrêt d'obligations .............. .21 Placements dans les caisses centrales. 2.95 Frais d'administration ............. 18.19 Autres revenus ..................... 77.89 10.12 5.68 3.75 2.56 100.001 100.00 I 100.001 100.001 100.00 100.001 Total des revenus 1 2 3 4 5 r Dépenses .68 .82 1.70 1.06 .47 1.24 1.12 .39 9.53 .35 11.91 .25 8.39 8.00 2.16 .90 ---__• ---- 50.00 39.42(1 .33 Loyer ................................18 .20 Reparations et entretien .............19 5.71 Appointements, honoraires, etc......20 .32 Avantages sociaux ...................21 .13 Taxes foncières et d'affaires .......22 13.19 Divers ..............................23 7.83 1.75 .79 03 ) ( --- .21 Verification et inspection ...........7 2.66 Frais: compensation, administration 8 etc. .34 P,mortissement ........................9 .34 Cotisation: Ligue, fédération, etc 10 .09 Chauffage, electricite, eau .........1]. Assurances: .09 Prts .............................12 .08 Autres ............................13 Intérêt sur emprunts ................14 54.61 Intérét sur dépts ...................15 1.05 Frais de poste, papeterie, téléphone 16 .84 Publicité, dons, etc. ............. ...17 .62 1.48 - --- 2 .98 .77 .56 16.09 .77 .71 1.08 42.01(1) 1.13 .45 16,74 .71 .31 2.92 49.11 47.04 58.12 50.00 61.40 80.19 50.89 52.96 41.88 50.00 38.60 19.811 Excédent d'exploitation ............ 38.90 .56 29.87 6.69 23.85 4.74 50.00 20.51 4.61 - --- I Total des dCpenses ............. I 24 I 25 9.79 Déduire: Dividendes .................26 .07 Intérêt et ristournes ..............27 88,57 83.60 86.71 100.00 86.52(2) 90.05 Total des depenses, y compris 28 les dividendes et les ristournes. 11.43 16.40 13.29 - 13.48(3) 9.95 Bénéfices non rCpartis ..............29 100.00 100.00 100.00 100.00 100.00 100.00 Total .......................30 (1) Toutes les autres depenses sont comprises dans Divers". (2) Les dépenses totales moyennes, y compris les dividendes et lea ristournes sont de 85.3r/ pour le Canada. (3) La moyenne des bénéfices non répartis pour le Canada est de 14.77.. - 48 ThBLE 26. Estimated Statements of Undistributed Surplus for Local and Central Credit Unions, 1967(1) Nfld.IP.E.I. N.S. N.B. - - - -, - - - - Que. Ont. Man. T. -N. I.P.-E. N.-E. N. -B. No. thousands of dollars -- milliers de dollars I Balance beginning of year. 21 1 10 85 Add: Operating surplus 68 129 1 1 1,190 286 119,520 2,807 4,413 1,546 1,415 120,979 30,087 6,090 Deduct: 3 Appropriations to: Statuory reserve 13 1 289 277 - - - 69 4 Bond fluctuation reserve. 5 Education reserve 1 - - 6 Other reserves .. 1 - 42 3 - 6,356(2) - 4,391 1,168 - - 227(2) 298 - 141(2) 671 67 7 Dividends on shares 26 95 892 944 9,274 14,150 3,617 8 Patronage refunds ... 18 - 106 110 1,553 6,025 628 9 Other adjustment .... 2 - 72 (5)1 1 1 10 Balance end of year 17 118 1,335 303 (1) Canada and provincial totals excludes centrals. (2) Estimated as to category. 428 - (78) 22,520 7,359 5,101 - 49 TABLEAU 26. Etats estimatifs des bénéfices non répartis, caisses d'épargne et de credit (locales et centrales), 1967 Alta. B.C. N.W.T. Centrals Sask. - - - - - - Canada - Alb. C.-B. T.N.-0. Centrales NO thousands of dollars -- milliers de dollars 819 1 3,475 1 7,637 1 40,243 2,030 Solde au debut de 1 'année. Ajouter: 11,284 3,814 7,970 1 83,383 5,431 Excédent d'exploi- 2 tation. Déduire: Affectations: 2,245 510 -- - 14 1 9 253 16,503 - 1,040 166 A la reserve statutaire. 3 A la reserve pour fluctuation des obligations. 4 - - 39 140 - 788 20 Au fonds d'éducation 5 107 64 168 - 1,264 306 Aux autres reserves 6 8,625 2 9 151 4,538 44,313 2,684 125 482 903 - 9,950 19 - 465 (100)1 65 81(2) - 1 1,087 3,978 8,524(2) 1 1 1 Dividendes des parts sociales. 7 Ristournes .. ............ 8 (11) Autres rajustements .... 9 50,343 3,237 ISolde a la fin de 10 1 'année. (I) Le total du Canada et des provinces ne comprend pas les chiffres des centrales. (2) Estimation quant a la catégorie. ,, 'I L - __ " L- -- i " i_. I & II - ~j Aff ;y Lk I . e4 -.•.-. 4 i ,.-!*- c i-Li• -cr. •'-.1: I- - - 4 ;4? - i1 I •- F Ll I •: I - 1 •u_ -) :*A - -- + t -. ,. t •% •. •- —c 3 - - - ir I! • 44. 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K Credit Unions 'aiss D Epargn E Et De Credit

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