Mid-Year 2017 2018 Illinois Illinois First Quarter 2017 Prepared by: CUNA Economics and Statistics
Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household.
Loan Product Comparative Interest Rates (%) by Loan Type 14.00 11.12 11.96 9.16 9.77 10.02 4.64 4.99 4.03 4.10 4.33 4.25 4.78 4.70 4.74 5.25 2.97 3.04 60-month new car (A paper) 48-month used car (A paper) Unsecured loan (A paper) 5-year adjustable rate 15-year fixed rate 1st 30-year fixed rate 1st 1st mortgage, 0 mortgage, 0 ptsmortgage, 0 pts pts Home equity / 2nd mtg, 80% LTV 0 pts Credit card - rewards Credit card - platinum Illinois Credit Unions Illinois Banks
Savings Product Comparative Interest Rates (%) by Savings Account Type Retirement (IRA) accounts 0.36 0.52 1 Year certificate $10,000 balance 0.60 0.81 Money market accounts 0.13 0.24 Share draft checking, $5,000 balance 0.10 0.17 Regular savings, $1,000 balance 0.12 0.17 Illinois Credit Unions Illinois Banks
Comparative Fees by Type $1,361.00 $1,151.00 $28.14 $30.36 $24.56 $34.18 Share draft checking, NSF fee Credit cards, late fee Mortgages, closing costs Illinois Credit Unions Illinois Banks
Illinois Credit Union and Banking Institution June 2018 Average Interest Rates and Fees Average Rate at Average Rate Rate Difference Loan Products Credit Unions (%) at Banks (%) vs. Banks (%) 60-month new car (A paper) 2.97 4.64-1.67 48-month used car (A paper) 3.04 4.99-1.95 Unsecured loan (A paper) 9.16 9.77-0.62 5-year adjustable rate 1st mortgage, 0 pts 4.03 4.10-0.07 15-year fixed rate 1st mortgage, 0 pts 4.33 4.25 0.08 30-year fixed rate 1st mortgage, 0 pts 4.78 4.70 0.09 Home equity / 2nd mtg, 80% LTV 0 pts 4.74 5.25-0.51 Credit card - rewards 11.12 14.00-2.88 Credit card - platinum 10.02 11.96-1.94 Savings Products Regular savings, $1,000 balance 0.17 0.12 0.05 Share draft checking, $5,000 balance 0.17 0.10 0.08 Money market accounts 0.24 0.13 0.11 1 Year certificate $10,000 balance 0.81 0.60 0.21 Retirement (IRA) accounts 0.52 0.36 0.16 Fee Income Share draft checking, NSF fee $28.14 $30.36 -$2.22 Credit cards, late fee $24.56 $34.18 -$9.62 Mortgages, closing costs $1,151.00 $1,361.00 -$210.00 Source: Datatrac
State Credit Union's Total Loan Rate Benefits Compared to State Banking Institutions by Loan Type $131,984,281 $74,571,961 $36,089,366 $6,704,131 $4,812,407 $10,627,680 -$1,550,960 -$2,582,109 New car loans Used car loans Personal unsecured loans 5-year adjustable rate 1st mortgage 15-year fixed rate 1st mortgage 30-year fixed rate 1st mortgage Home equity / 2nd mortgage loans Credit cards
State Credit Union's Total Savings Dividend Benefits Compared to State Banking Institutions by Account Type $11,208,320 $9,459,297 $5,821,568 $3,705,017 $3,774,614 Regular shares Share draft checking Money market accounts Certificate accounts Retirement (IRA) accounts
Rate Total Avg. Balance Difference Financial Benefit at vs. Illinois to Your Loans Credit Unions (1) Banks (%) (2) Members New car loans 4,468,062,349-1.67 $74,571,961 Used car loans 6,758,027,687-1.95 $131,984,281 Personal unsecured loans 1,086,569,000-0.62 $6,704,131 5-year adjustable rate 1st mortgage 7,077,068,811-0.07 $4,812,407 15-year fixed rate 1st mortgage 2,014,233,235 0.08 -$1,550,960 30-year fixed rate 1st mortgage 2,967,941,696 0.09 -$2,582,109 Home equity / 2nd mortgage loans 2,083,858,812-0.51 $10,627,680 Credit cards 1,363,148,858-2.88 $36,089,366 Interest rebates $129,974 Total CU member benefits arising from lower interest rates on loan products: $260,786,730 Savings Regular shares 21,020,659,363 0.05 $9,459,297 Share draft checking 4,750,021,455 0.08 $3,705,017 Money market accounts 5,151,830,528 0.11 $5,821,568 Certificate accounts 5,388,615,406 0.21 $11,208,320 Retirement (IRA) accounts 2,351,784,696 0.16 $3,774,614 Bonus dividends in period $0 Total CU member benefit arising from higher interest rates on savings products: $33,968,816 Fee Income Estimated Financial Benefits for Illinois Credit Unions June 2018 Total CU member benefit arising from fewer / lower fees: $31,122,993 Total CU member benefit arising from interest rates on loans, savings products and lower fees: $325,878,539 Total CU member benefit / member: $102 Total CU member benefit / member household: $215 Source: Datatrac, NCUA, and CUNA (1) Average balance as of June 2018 and June 2017, according to the NCUA call report.; (2) Source for rates and fees: Datatrac;
Illinois Credit Union Performance Profile Demographic Information Jun 18 Jun 17 Number of branches 687 683 Total assets ($ mil) 45,911 44,134 Total loans ($ mil) 31,252 28,193 Total surplus funds ($ mil) 13,040 14,498 Total savings ($ mil) 39,749 38,505 Total members (thousands) 3,250 3,159 Growth Rates (Trailing 12 months) * Total assets 4.7 % 6.2 % Total loans 11.4 % 11.0 % Total surplus funds -9.3 % -1.7 % Total savings 3.9 % 6.5 % Total members 4.0 % 3.9 % Earnings - Basis Pts. * Yield on total assets 354 316 Dividend / interest cost of assets 84 61 Fee & other income 117 106 Operating expense 270 262 Loss Provisions 37 29 Net Income (ROA) after stabilization exp 81 70 Capital Adequacy Net worth / assets 11.1 10.9 Asset Quality * Delinquencies / loans 0.6 0.6 Net chargeoffs / average loans 0.5 0.5 Total borrower-bankruptcies 14 20 Bankruptcies per 1000 members 1.2 1.7 Asset/Liability Management Loans / savings 78.6 73.2 Loans / assets 68.1 63.9 Long-term assets / assets 27.1 26.2 Core deposits/shares & borrowings 66.5 65.6 Productivity Members / potential members 4.0 4.1 Borrowers / members 61.4 56.6 Members / FTE 407 406 Average shares / members ($) 12,231 12,188 Average loan balances ($) 15,657 15,761 Salary & Benefits / FTE 76,139 73,040 * Earnings, net chargeoffs, and bankruptcies are year-to-date numbers annualized. Due to significant seasonal variation, balance sheet growth rates are for the trailing 12 months.