Energize CU. Third-Quarter First 2017

Transcription

1 Energize CU Third-Quarter First 2017

2 Source: Datatrac, NCUA, and CUNA. (1) Rates and fees as of 2/22/2018. (2) Assumes 1.9 credit union members per household.

3 Savings Product Comparative Interest Rates (%) by Savings Account Type Retirement (IRA) accounts Year certificate $10,000 balance 0.73 Money Market Accounts 0.00 Share draft checking, $5,000 balance 0.00 Regular savings, $1,000 balance 0.19 Oklahoma Banks Your Credit Union

4 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 15-year fixed rate 30-year fixed rate Home equity / 2nd rate 1st mortgage, 1st mortgage, 0 pts1st mortgage, 0 pts mtg, 80% LTV 0 pts 0 pts Credit card - classic Credit card - platinum Your Credit Union Oklahoma Banks

5 Comparative Fees by Type $1, $0.00 $0.00 $0.00 $0.00 Energize CU $34.18 Area Banks Share draft checking, NSF fee Credit cards, late fee Mortgages, closing costs

6 Interest Rates at Energize CU and Banking Institutions in Oklahoma 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 - platinum 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 Share draft checking, NSF fee $0.00 $0.00 $0.00 Credit cards, late fee $0.00 $ $34.18 Mortgages, closing costs $0.00 $1, $1, *Rates and fees as of 2/22/2018. Credit union rates provided by individual credit union, bank rates provided by Datatrac.

7 Your Credit Union's Total Loan Rate Benefits Compared to Banking Institutions in Your State by Loan Type $189,592 $148,133 $0 $0 $0 $0 $0 -$17,146

8 Your Credit Union's Total Savings Dividend Benefits Compared to Banking Institutions in Your State by Account Type $56,663 $13,077 $0 $0 $0 Regular shares Share draft checking Money market accounts Certificate accounts Retirement (IRA) accounts

9 Annual Member Benefit of Loan Products with Various Terms $303 $219 $0 $0 $0 $0 $0 $0 $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 30-year fixed rate 1st mortgage, 0 pts 1st mortgage, 0 pts Home equity / 2nd mtg, 80% LTV 0 pts Credit card - classic Credit card - platinum

10 Annual Member Benefit on Savings Products with Various Terms $28 $3 $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: $2,500 balance; 1-Yr Certificates: $10,000

11 Estimated Financial Benefits for Energize CU Rate Avg. Balance Difference Financial Benefit at Your vs. Oklahoma to Your Loans Credit Union (1) Banks (%) (2) Members New car loans 7,947, $148,133 Used car loans 9,307, $189,592 Personal unsecured loans 1,368, $17,146 5-year adjustable rate 1st mortgage $0 15-year fixed rate 1st mortgage $0 30-year fixed rate 1st mortgage $0 Home equity / 2nd mortgage loans $0 Credit cards $0 Interest rebates $0 Total CU member benefits arising from lower interest rates on loan products: $320,579 Savings Regular shares 18,103, $56,663 Share draft checking $0 Money market accounts $0 Certificate accounts 4,755, $13,077 Retirement (IRA) accounts $0 Bonus dividends in period $0 Total CU member benefit arising from higher interest rates on savings products: $69,740 Fee Income Total CU member benefit arising from fewer/lower fees: $19,962 Total CU member benefit arising from interest rates on loan and savings products and lower fees: $410,282 Total CU member benefit / member: $124 Total CU member benefit / member household: $237 Source: Datatrac, NCUA, and CUNA (1) Average balance as of September 2017 and September 2016 according to the NCUA call report. (2) Rates and fees as of 2/22/2018. Credit union rates provided by individual credit union, bank rates provided by Datatrac.

12 is hereby granted to: Energize CU The Credit Union National Association has determined that Energize CU provided $410,282 in direct financial benefits to its 3,296 members during the twelve months ending in September These benefits are equivalent to approximately $237 per member household. 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 Energize CU Performance Profile Demographic Information Sep 17 Sep 16 Number of branches 1 1 Total assets ($ mil) Total loans ($ mil) Total surplus funds ($ mil) 4 6 Total savings ($ mil) Total members (thousands) 3 3 Growth Rates (Year-to-date) Total assets -0.7 % 4.4 % Total loans 11.0 % 18.2 % Total surplus funds % % Total savings -0.4 % 4.8 % Total members 1.7 % 3.9 % Earnings - Basis Pts. Yield on total assets Dividend/interest cost of assets Fee & other income Operating expense Loss Provisions 72 5 = Net Income (ROA) Capital adequacy Net worth / assets Asset quality Delinquencies / loans Net chargeoffs / average loans Total borrower-bankruptcies 2 4 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 ($) 6,862 7,010 Average loan balances ($) 11,006 10,052 Salary & Benefits/FTE 89,899 94,593

14

15