CUNA Membership Benefits Report Year-end 2014 Photodisc/Thinkstock
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.
Loan Product Comparative Interest Rates (%) By Loan Type 15.99 14.46 9.29 9.99 7.99 7.99 3.58 3.52 2.24 2.24 3.00 3.28 3.88 3.87 3.99 4.59 0.00 0.00 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 Your Credit Union Oregon Banks
Savings Product Comparative Interest Rates (%) By Savings Account Type Retirement (IRA) accounts 0.12 1 Year certificate $10,000 balance 0.17 Money Market Accounts 0.06 Share draft checking, $5,000 balance 0.05 Regular savings, $1,000 balance 0.04 Oregon Banks Your Credit Union
Comparative Fees By Type $1,444.00 $1,361.00 $20.00 $34.18 $30.00 $30.76 Unitus Community CU Area Banks Share draft checking, NSF fee Credit cards, late fee Mortgages, closing costs
Rate at your Average Rate Rate Difference Loan Products Credit Union (%) at Banks (%) vs. Banks (%) 60-month new car (A paper) 2.24 3.58-1.34 48-month used car (A paper) 2.24 3.52-1.28 Unsecured loan (A paper) 7.99 9.29-1.30 5-year adjustable rate 1st mortgage, 0 pts 0.00 0.00 0.00 15-year fixed rate 1st mortgage, 0 pts 3.00 3.28-0.28 30-year fixed rate 1st mortgage, 0 pts 3.88 3.87 0.01 Home equity / 2nd mtg, 80% LTV 0 pts 3.99 4.59-0.60 Credit card - classic 9.99 15.99-6.00 Credit card - gold 7.99 14.46-6.47 Savings Products Regular savings, $1,000 balance 0.05 0.04 0.01 Share draft checking, $5,000 balance 0.05 0.05 0.00 Money Market Accounts 0.05 0.06-0.01 1 Year certificate $10,000 balance 0.30 0.17 0.13 Retirement (IRA) accounts 0.18 0.12 0.06 Fee Income Year-End 2014 Interest Rates at Unitus Community CU and Banking Institutions in Oregon Share draft checking, NSF fee $30.00 $30.76 -$0.76 Credit cards, late fee $20.00 $34.18 -$14.18 Mortgages, closing costs $1,444.00 $1,361.00 $83.00 Source: Informa Research Services.
Your Credit Union's Total Loan Rate Benefits Compared to Banking Institutions in Your State By Loan Type $2,254,171 $2,256,302 $1,306,587 $154,619 $0 $286,699 $326,517 -$1,767
Your Credit Union's Total Savings Dividend Benefits Compared to Banking Institutions in Your State By Account Type $175,223 $49,483 $7,239 $4,904 -$43,293 Regular shares Share draft checking Money market accounts Certificate accounts Retirement (IRA) accounts
Annual Member Benefit on Loan Products with Various Terms $600 $647 $322 $215 $136 $163 $76 $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 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
Annual Member Benefit on Savings Products with Various Terms $13 $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
Estimated Financial Benefits for Unitus Community CU Year-End 2014 Rate Avg. Balance Difference Financial Benefit at Your vs. Oregon to Your Loans Credit Union (1) Banks (%) (2) Members New car loans 167,721,089-1.34 $2,254,171 Used car loans 101,997,387-1.28 $1,306,587 Personal unsecured loans 11,866,389-1.30 $154,619 5-year adjustable rate 1st mortgage 60,211,916 0.00 $0 15-year fixed rate 1st mortgage 103,501,470-0.28 $286,699 30-year fixed rate 1st mortgage 19,634,822 0.01 -$1,767 Home equity / 2nd mortgage loans 54,328,972-0.60 $326,517 Credit cards 36,882,744-6.00 $2,256,302 Interest rebates in period $0 Total CU member benefits arising from lower interest rates on loan products: $6,583,128 Savings Regular shares 138,189,992 0.01 $7,239 Share draft checking 143,039,282 0.00 $4,904 Money market accounts 319,164,940-0.01 -$43,293 Certificate accounts 133,347,131 0.13 $175,223 Retirement (IRA) accounts 83,983,992 0.06 $49,483 Bonus dividends in period $0 Total CU member benefit arising from higher interest rates on saving products: $193,556 Fee Income Total CU member benefit arising from fewer/lower fees: $647,473 Total CU member benefit arising from interest rates on loan and savings products and lower fees: $7,424,157 Total CU member benefit / member: $87 Total CU member benefit / member household: $166 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;
is hereby granted to: UnitusCommunityCU The Credit Union National Association has determined that Unitus Community CU provided $7,424,157 in direct financial benefits to its 85,140 members during the twelve months ending in December 2014. These benefits are equivalent to approximately $166 per member household. Unitus Community CU provided loyal high-use member households $893 in direct financial benefits. Credit unions generally provide financial benefits to members by charging less for loans, paying more on deposits and charging fewer/lower fees compared to banking institutions.
Unitus Community CU Performance Profile Demographic Information Dec 14 Dec 13 Number of branches 7 7 Total assets 928 933 Total loans 611 561 Total surplus funds 299 352 Total savings 813 827 Total members 87 83 Growth Rates (Year-to-date) Total assets -0.5 % 2.3 % Total loans 8.9 % 6.1 % Total surplus funds -15.1 % -2.9 % Total savings -1.6 % 2.7 % Total members 4.0 % 4.1 % Earnings - Basis Pts. Yield on total assets 308 329 - Dividend/interest cost of assets 40 70 + Fee & other income 177 134 - Operating expense 357 378 - Loss Provisions 29 20 = Net Income (ROA) 58-5 Capital adequacy Net worth / assets 9.6 9.0 Asset quality Delinquencies / loans 0.5 0.5 Net chargeoffs / average loans 0.3 0.2 Total borrower-bankruptcies 168 171 Bankruptcies per 1000 members 1.9 2.0 Asset/Liability Management Loans / savings 75.2 67.9 Loans / assets 65.9 60.1 Long-term assets / assets 34.3 31.0 Core deposits/shares & borrowings 35.9 31.5 Productivity Members/potential members 0.8 0.8 Borrowers/members 61.8 60.4 Members/FTE 410 374 Average shares/members ($) 9,369 9,905 Average loan balances ($) 11,402 11,125 Salary & Benefits/FTE 87,018 74,868
Analyze your credit union s performance and service to members with CUNA s research resources: Operating Ratios & Spreads Prompt Corrective Action (PCA) Checkup Membership Benefits Report Customized Comparative Analysis To order: 800-356-8010, press 3 mktresearch@cuna.com cuna.org Stock No. 27188 2013 Credit Union National Association