CUNA Membership Benefits Report. Year-end Photodisc/Thinkstock

Transcription

1 CUNA Membership Benefits Report Year-end 2014 Photodisc/Thinkstock

2 Source: Informa Research Services, NCUA, and CUNA. (1)Assumes 1.9 credit union members per household. (2)A "loyal member" is assumed to have a $30,000, 60-month new auto loan, a classic credit card with an average balance of $10,000, a $200,000, 30-year fixed rate mortgage, $5,000 in an interest-bearing checking account, $10,000 in a one-year certificate account, and $5,000 in a money market account.

3 Loan Product Comparative Interest Rates (%) By Loan Type month new car (A paper) 48-month used car (A paper) Unsecured loan (A paper) 5-year adjustable rate 1st mortgage, 0 pts 15-year fixed rate 1st mortgage, 0 pts 30-year fixed rate 1st mortgage, 0 pts Home equity / 2nd mtg, 80% LTV 0 pts Credit card - classic Credit card - gold Your Credit Union Ohio Banks

4 Savings Product Comparative Interest Rates (%) By Savings Account Type Retirement (IRA) accounts Year certificate $10,000 balance 0.19 Money Market Accounts 0.10 Share draft checking, $5,000 balance 0.15 Regular savings, $1,000 balance 0.06 Ohio Banks Your Credit Union

5 Comparative Fees By Type $1, $1, $33.00 $10.00 $34.18 $32.76 Pathways Financial Credit Union Area Banks Share draft checking, NSF fee Credit cards, late fee Mortgages, closing costs

6 Rate at your Average Rate Rate Difference Loan Products Credit Union (%) at Banks (%) vs. Banks (%) 60-month new car (A paper) month used car (A paper) Unsecured loan (A paper) year adjustable rate 1st mortgage, 0 pts year fixed rate 1st mortgage, 0 pts year fixed rate 1st mortgage, 0 pts Home equity / 2nd mtg, 80% LTV 0 pts Credit card - classic Credit card - gold Savings Products Regular savings, $1,000 balance Share draft checking, $5,000 balance Money Market Accounts Year certificate $10,000 balance Retirement (IRA) accounts Fee Income Year-End 2014 Interest Rates at Pathways Financial Credit Union and Banking Institutions in Ohio Share draft checking, NSF fee $33.00 $32.76 $0.24 Credit cards, late fee $10.00 $ $24.18 Mortgages, closing costs $1, $1, $ Source: Informa Research Services.

7 Your Credit Union's Total Loan Rate Benefits Compared to Banking Institutions in Your State By Loan Type $500,983 $218,117 $221,736 $209,289 $81,877 $12,533 $64,399 -$11,086

8 Your Credit Union's Total Savings Dividend Benefits Compared to Banking Institutions in Your State By Account Type $19,206 $11,224 $6,087 $138 -$30,622 Regular shares Share draft checking Money market accounts Certificate accounts Retirement (IRA) accounts

9 Annual Member Benefit on Loan Products with Various Terms $800 $647 $270 $250 $233 $273 $123 $83 $0 60-month new car (A paper) 48-month used car (A paper) Unsecured loan (A paper) 5-year adjustable rate 1st mortgage, 0 pts 15-year fixed rate 1st mortgage, 0 pts 30-year fixed rate 1st mortgage, 0 pts Home equity / 2nd mtg, 80% LTV 0 pts Credit card - classic Credit card - gold Terms on loan products include are as follows: New Car: $30,000; Used Car: $20,000; Unsecured Loan: $10,000 (5 years) 5 Year Adj: $200,000; 15 Year Fixed: $200,000; 30 Year Fixed: $200,000 Home Equity: $50,000; Classic Credit Card: $10,000; Gold Credit Card: $10,000

10 Annual Member Benefit on Savings Products with Various Terms $6 $0 $0 $0 Regular savings, $1,000 balance Share draft checking, $5,000 balance Money Market Accounts 1 Year certificate $10,000 balance Savings terms include: Regular Savings: $1,000 balance; Share Draft Checking: $5,000; Money Market Accounts: $5,000 balance; 1-Yr Certificates: $10,000

11 Estimated Financial Benefits for Pathways Financial Credit Union Year-End 2014 Rate Avg. Balance Difference Financial Benefit at Your vs. Ohio to Your Loans Credit Union (1) Banks (%) (2) Members New car loans 10,633, $81,877 Used car loans 27,856, $218,117 Personal unsecured loans 4,737, $221,736 5-year adjustable rate 1st mortgage 6,427, $12, year fixed rate 1st mortgage 32,039, $64, year fixed rate 1st mortgage 9,640, $11,086 Home equity / 2nd mortgage loans 20,619, $209,289 Credit cards 6,576, $500,983 Interest rebates in period $0 Total CU member benefits arising from lower interest rates on loan products: $1,297,848 Savings Regular shares 71,424, $11,224 Share draft checking 31,927, $30,622 Money market accounts 32,301, $138 Certificate accounts 31,133, $19,206 Retirement (IRA) accounts 19,600, $6,087 Bonus dividends in period $0 Total CU member benefit arising from higher interest rates on saving products: $6,034 Fee Income Total CU member benefit arising from fewer/lower fees: $1,010,265 Total CU member benefit arising from interest rates on loan and savings products and lower fees: $2,314,147 Total CU member benefit / member: $87 Total CU member benefit / member household: $165 Source: Informa Research Services, NCUA, and CUNA (1) Average balance as of December 2014 and December 2013, according to the NCUA call report.; (2) Credit union rates provided by individual credit union, bank rates provided by Informa Research Services;

12 is hereby granted to: PathwaysFinancialCreditUnion The Credit Union National Association has determined that Pathways Financial Credit Union provided $2,314,147 in direct financial benefits to its 26,585 members during the twelve months ending in December These benefits are equivalent to approximately $165 per member household. Pathways Financial Credit Union provided loyal high-use member households $1,227 in direct financial benefits. Credit unions generally provide financial benefits to members by charging less for loans, paying more on deposits and charging fewer/lower fees compared to banking institutions.

13 Pathways Financial Credit Union Performance Profile Demographic Information Dec 14 Dec 13 Number of branches 6 6 Total assets Total loans Total surplus funds Total savings Total members Growth Rates (Year-to-date) Total assets 1.4 % 14.4 % Total loans 13.5 % 24.7 % Total surplus funds % 3.7 % Total savings 1.4 % 13.7 % Total members -2.2 % 8.3 % Earnings - Basis Pts. Yield on total assets Dividend/interest cost of assets Fee & other income Operating expense Loss Provisions = Net Income (ROA) Capital adequacy Net worth / assets Asset quality Delinquencies / loans Net chargeoffs / average loans Total borrower-bankruptcies Bankruptcies per 1000 members Asset/Liability Management Loans / savings Loans / assets Long-term assets / assets Core deposits/shares & borrowings Productivity Members/potential members Borrowers/members Members/FTE Average shares/members ($) 7,320 7,058 Average loan balances ($) 12,648 11,682 Salary & Benefits/FTE 60,698 58,898