Navy Federal Credit Union 2005 Annual Report Download - page 43

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13
Note 10: Members’ Accounts
Member deposit accounts are summarized as follows
(dollars in thousands):
The aggregate amounts of members’ share and share savings accounts over $100,000 were approximately $2,530,380,410 and
$2,224,099,000 at December 31, 2005 and 2004, respectively.
At December 31, 2005, scheduled maturities of share certificates and IRA certificates are as follows
(dollars in thousands):
Dividend expense on members’ deposit accounts is as follows
(dollars in thousands):
Weighted
Average Rate
for 2005
Amount at
December 31, 2005
Weighted
Average Rate
for 2004
Amount at
December 31, 2004
Money market 2.48% $ 2,142,609 1.52% $ 1,707,381
Share savings 1.26% 6,070,407 1.25% 5,973,990
Member escrow 0.48% 79,853 0.48% 66,583
Sharechek 0.50% 3,173,550 0.51% 2,845,671
Share and IRA certificates 4.06% 6,894,307 4.02% 6,382,252
IRA shares 1.48% 474,127 1.47% 512,779
Investor custodial accounts 0.00% 105,422 0.00% 130,113
Total deposits $ 18,940,275 $ 17,618,769
Years Ending December 31
2006 2007 2008 2009 2010 Thereafter
0 – 2.00% $ 11,386 $ 810 $ 420 $ 269 $ 121 –
2.01 – 3.00 643,191 2,142 – – – –
3.01 – 4.00 1,412,850 526,546 194,836 11 – –
4.01 – 5.00 49,147 476,535 755,473 1,422,882 724,601 –
5.01 – 6.00 100,998 116,853 – – – $ 269,554
6.01 – 7.00 113,906 – – – 92 6
7.01 – 8.00% 71,680 – – – – –
Total $ 2,403,157 $ 1,122,886 $ 950,729 $ 1,423,161 $ 724,814 $ 269,560
December 31 2005 2004
Money market $ 45,222 $ 23,458
Share savings 76,409 70,477
Sharechek 12,998 11,759
Share and IRA certificates 270,519 249,813
IRA shares 7,120 7,453
Total dividends $ 412,268 $ 362,960