Third-Quarter Mid Year 2017 2017 New Hampshire New Hampshire First Quarter 2017 Prepared by: CUNA Economics and Statistics
Source: Datatrac, NCUA, and CUNA. (1)Assumes 1.9 credit union members per household.
Loan Product Comparative Interest Rates (%) by Loan Type 13.09 12.37 11.56 11.14 9.94 9.01 5.10 3.00 2.92 5.67 3.28 3.40 3.46 3.53 4.17 4.15 4.12 4.81 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 New Hampshire Credit Unions New Hampshire Banks
Savings Product Comparative Interest Rates (%) by Savings Account Type Retirement (IRA) accounts 0.26 0.43 1 Year certificate $10,000 balance 0.43 0.67 Money market accounts 0.09 0.18 Share draft checking, $5,000 balance 0.06 0.08 Regular savings, $1,000 balance 0.08 0.15 New Hampshire Credit Unions New Hampshire Banks
Comparative Fees by Type $1,361.00 $1,151.00 $29.83 $30.79 $24.56 $34.18 Share draft checking, NSF fee Credit cards, late fee Mortgages, closing costs New Hampshire Credit Unions New Hampshire Banks
New Hampshire Credit Union and Banking Institution September 2017 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) 3.00 5.10-2.10 48-month used car (A paper) 2.92 5.67-2.75 Unsecured loan (A paper) 9.01 11.56-2.54 5-year adjustable rate 1st mortgage, 0 pts 3.28 3.40-0.13 15-year fixed rate 1st mortgage, 0 pts 3.46 3.53-0.08 30-year fixed rate 1st mortgage, 0 pts 4.17 4.15 0.02 Home equity / 2nd mtg, 80% LTV 0 pts 4.12 4.81-0.69 Credit card - rewards 12.37 13.09-0.73 Credit card - platinum 9.94 11.14-1.20 Savings Products Regular savings, $1,000 balance 0.15 0.08 0.07 Share draft checking, $5,000 balance 0.08 0.06 0.02 Money market accounts 0.18 0.09 0.10 1 Year certificate $10,000 balance 0.67 0.43 0.25 Retirement (IRA) accounts 0.43 0.26 0.17 Fee Income Share draft checking, NSF fee $29.83 $30.79 -$0.96 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 $50,076,903 $23,403,437 $7,460,673 $994,537 $422,229 $3,049,372 $1,573,485 -$157,550 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 $4,023,442 $1,531,225 $1,009,362 $720,561 $174,272 Regular shares Share draft checking Money market accounts Certificate accounts Retirement (IRA) accounts
Rate Total Avg. Balance Difference Financial Benefit at vs. New Hampshire to Your Loans Credit Unions (1) Banks (%) (2) Members New car loans 1,115,511,796-2.10 $23,403,437 Used car loans 1,818,993,925-2.75 $50,076,903 Personal unsecured loans 293,380,753-2.54 $7,460,673 5-year adjustable rate 1st mortgage 783,100,091-0.13 $994,537 15-year fixed rate 1st mortgage 555,564,042-0.08 $422,229 30-year fixed rate 1st mortgage 685,001,824 0.02 -$157,550 Home equity / 2nd mortgage loans 443,867,893-0.69 $3,049,372 Credit cards 186,376,627-0.73 $1,573,485 Interest rebates $2,754 Total CU member benefits arising from lower interest rates on loan products: $86,825,839 Savings Regular shares 2,097,568,895 0.07 $1,531,225 Share draft checking 1,089,198,357 0.02 $174,272 Money market accounts 1,062,486,644 0.10 $1,009,362 Certificate accounts 1,635,545,665 0.25 $4,023,442 Retirement (IRA) accounts 422,616,438 0.17 $720,561 Bonus dividends in period $0 Total CU member benefit arising from higher interest rates on savings products: $7,458,863 Fee Income Estimated Financial Benefits for New Hampshire Credit Unions September 2017 Total CU member benefit arising from fewer / lower fees: $5,753,754 Total CU member benefit arising from interest rates on loans, savings products and lower fees: $100,038,455 Total CU member benefit / member: $159 Total CU member benefit / member household: $302 Source: Datatrac, NCUA, and CUNA (1) Average balance as of September 2017 and September 2016, according to the NCUA call report.; (2) Source for rates and fees: Datatrac;
New Hampshire Credit Union Performance Profile Demographic Information Sep 17 Sep 16 Number of branches 117 114 Total assets ($ mil) 7,897 7,324 Total loans ($ mil) 6,348 5,751 Total surplus funds ($ mil) 1,183 1,247 Total savings ($ mil) 6,591 6,077 Total members (thousands) 631 630 Growth Rates (Trailing 12 months) * Total assets 8.0 % 8.5 % Total loans 10.5 % 8.1 % Total surplus funds -4.7 % 26.5 % Total savings 8.7 % 10.0 % Total members 0.5 % 5.9 % Earnings - Basis Pts. * Yield on total assets 318 309 Dividend / interest cost of assets 60 61 Fee & other income 157 164 Operating expense 323 330 Loss Provisions 28 23 Net Income (ROA) after stabilization exp 65 60 Capital Adequacy Net worth / assets 10.4 10.4 Asset Quality * Delinquencies / loans 0.3 0.3 Net chargeoffs / average loans 0.3 0.3 Total borrower-bankruptcies 42 39 Bankruptcies per 1000 members 1.0 1.1 Asset/Liability Management Loans / savings 96.3 94.6 Loans / assets 80.4 78.5 Long-term assets / assets 27.5 27.0 Core deposits/shares & borrowings 46.7 48.2 Productivity Members / potential members 2.5 2.5 Borrowers / members 59.5 56.8 Members / FTE 360 372 Average shares / members ($) 10,446 9,653 Average loan balances ($) 16,920 16,094 Salary & Benefits / FTE 71,799 71,288 * 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.