Mid-Year 2017 2018 Texas Texas 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 15.01 11.09 11.77 8.74 9.25 9.71 4.94 5.59 4.20 4.30 4.35 4.30 4.80 4.95 4.65 5.78 3.12 3.22 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 Texas Credit Unions Texas Banks
Savings Product Comparative Interest Rates (%) by Savings Account Type Retirement (IRA) accounts 0.50 0.73 1 Year certificate $10,000 balance 0.82 1.19 Money market accounts 0.17 0.27 Share draft checking, $5,000 balance 0.12 0.12 Regular savings, $1,000 balance 0.17 0.20 Texas Credit Unions Texas Banks
Comparative Fees by Type $1,361.00 $1,151.00 $27.57 $30.17 $24.56 $34.18 Share draft checking, NSF fee Credit cards, late fee Mortgages, closing costs Texas Credit Unions Texas Banks
Texas 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) 3.12 4.94-1.82 48-month used car (A paper) 3.22 5.59-2.37 Unsecured loan (A paper) 8.74 9.25-0.51 5-year adjustable rate 1st mortgage, 0 pts 4.20 4.30-0.09 15-year fixed rate 1st mortgage, 0 pts 4.35 4.30 0.05 30-year fixed rate 1st mortgage, 0 pts 4.80 4.65 0.15 Home equity / 2nd mtg, 80% LTV 0 pts 4.95 5.78-0.84 Credit card - rewards 11.09 15.01-3.92 Credit card - platinum 9.71 11.77-2.06 Savings Products Regular savings, $1,000 balance 0.20 0.17 0.04 Share draft checking, $5,000 balance 0.12 0.12 0.00 Money market accounts 0.27 0.17 0.10 1 Year certificate $10,000 balance 1.19 0.82 0.36 Retirement (IRA) accounts 0.73 0.50 0.23 Fee Income Share draft checking, NSF fee $27.57 $30.17 -$2.61 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 $492,660,143 $291,799,937 $97,680,050 $20,448,929 $5,195,298 $23,008,561 -$3,954,352 -$11,927,441 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 $63,056,450 $12,507,152 $13,967,777 $12,232,071 -$156,584 Regular shares Share draft checking Money market accounts Certificate accounts Retirement (IRA) accounts
Rate Total Avg. Balance Difference Financial Benefit at vs. Texas to Your Loans Credit Unions (1) Banks (%) (2) Members New car loans 16,059,435,191-1.82 $291,799,937 Used car loans 20,813,694,238-2.37 $492,660,143 Personal unsecured loans 4,033,319,304-0.51 $20,448,929 5-year adjustable rate 1st mortgage 5,709,118,948-0.09 $5,195,298 15-year fixed rate 1st mortgage 7,604,523,749 0.05 -$3,954,352 30-year fixed rate 1st mortgage 7,951,627,085 0.15 -$11,927,441 Home equity / 2nd mortgage loans 2,755,516,268-0.84 $23,008,561 Credit cards 2,831,100,643-3.92 $97,680,050 Interest rebates $1,419,998 Total CU member benefits arising from lower interest rates on loan products: $916,331,123 Savings Regular shares 32,069,620,499 0.04 $12,507,152 Share draft checking 15,658,388,399 0.00 -$156,584 Money market accounts 13,693,899,320 0.10 $13,967,777 Certificate accounts 17,323,200,516 0.36 $63,056,450 Retirement (IRA) accounts 5,249,816,018 0.23 $12,232,071 Bonus dividends in period $0 Total CU member benefit arising from higher interest rates on savings products: $101,606,867 Fee Income Estimated Financial Benefits for Texas Credit Unions June 2018 Total CU member benefit arising from fewer / lower fees: $125,596,695 Total CU member benefit arising from interest rates on loans, savings products and lower fees: $1,143,534,685 Total CU member benefit / member: $131 Total CU member benefit / member household: $275 Source: Datatrac, NCUA, and CUNA (1) Average balance as of June 2018 and June 2017, according to the NCUA call report.; (2) Source for rates and fees: Datatrac;
Texas Credit Union Performance Profile Demographic Information Jun 18 Jun 17 Number of branches 1,661 1,658 Total assets ($ mil) 103,432 98,568 Total loans ($ mil) 76,013 70,755 Total surplus funds ($ mil) 22,804 23,608 Total savings ($ mil) 88,549 84,262 Total members (thousands) 8,898 8,579 Growth Rates (Trailing 12 months) * Total assets 5.2 % 5.4 % Total loans 7.6 % 8.0 % Total surplus funds -3.0 % -1.1 % Total savings 5.4 % 5.1 % Total members 4.1 % 2.6 % Earnings - Basis Pts. * Yield on total assets 369 350 Dividend / interest cost of assets 65 55 Fee & other income 172 158 Operating expense 345 338 Loss Provisions 46 59 Net Income (ROA) after stabilization exp 85 57 Capital Adequacy Net worth / assets 10.6 10.4 Asset Quality * Delinquencies / loans 0.6 0.7 Net chargeoffs / average loans 0.6 0.7 Total borrower-bankruptcies 12 13 Bankruptcies per 1000 members 0.6 0.7 Asset/Liability Management Loans / savings 85.8 84.0 Loans / assets 73.5 71.8 Long-term assets / assets 28.6 29.0 Core deposits/shares & borrowings 55.1 53.2 Productivity Members / potential members 5.1 5.4 Borrowers / members 59.5 59.2 Members / FTE 369 362 Average shares / members ($) 9,951 9,822 Average loan balances ($) 14,357 13,942 Salary & Benefits / FTE 73,331 69,357 * 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.