WEST PALM BEACH, Fla. – Despite the growth in online banking usage, share draft accounts continue to be a popular product among members. The latest data from Callahan & Associates ranking share draft penetration by state shows the top four states have 50% or greater share draft penetration among their members. In the lead, in rank order are Florida (55.69%), Arizona (54.26%), New Hampshire (50.31%), and Washington State (50.10%). States with 40% or greater penetration ranked from fifth to 30th place, including the District of Columbia. Conversely, three states had less than 30% share draft penetration – Kansas (28.29%), Mississippi (27.01%), and Arkansas (21.77%). Mississippi also had the lowest average share draft balance – $4,393.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.