# of Credit Unions # of Credit Unins # of Credit Unions As of March 31, 2011 8,600 8,400 8,200 8,000 8,478 8,215 7,800 7,909 7,600 7,400 7,651 7,442 7,200 7,000 6,800 # of Credit Unions -Trend By Asset-Based Peer Groups 9,000 8,000 7,000 6,000 5,000 4,000 301 951 777 2,664 327 967 778 2,597 352 1,018 770 2,538 369 1,031 791 2,499 388 1,030 829 2,437 3,000 2,000 2,362 2,227 2,049 1,910 1,787 1,000 0 1,423 1,319 1,182 1,051 971 Under $2M $2M-$10M $10M-$50M $50M-$100M $100M-$500M $500M+ Source: CUDATA.COM 1 st Qtr 2011 Page 1
Net Worth to Total Assets (%) 12 10 8 6 11.31 11.08 9.71 9.87 9.97 4 2 0 Source: CUDATA.COM 1 st Qtr 2011 Page 2
In Billions Net-Worth Growth Trend $96.00 $94.00 $92.00 $90 7.3 5.0 5.7 4.9 $89.21 6.5 4.3 $89.84 $94.86 6.8 5.6 1 5.0 $88.00 $86.00 $84.00 $84.96 $84.39-5.4-5.0-1 $82.00 $80-15.3-15.0 $78.00-2 Total Net-Worth ($) 3-Month % Growth (Annualized) 12-Month % Growth 1 0.5 Return On Assets (ROA ) - Annualized 0.73 0.6 0.47 0.73 0-0.5-1 -1.5-1.52-2 Source: CUDATA.COM 1 st Qtr 2011 Page 3
In Billions ROA (Before and After NCUA Assessments Expense) 0.9 0.8 0.7 0.6 0.5 0.4 0.3 0.2 0.1 0 0.81 Before Assessments 0.73 After Assessments $2.00 $1.00 Net Income Trend ($ In Billions) $1.34 $1.18 $1.06 $1.71 $0 ($1.00) ($2.00) ($3.00) ($4.00) ($3.21) Source: CUDATA.COM 1 st Qtr 2011 Page 4
In Millions In Billions $2.00 $1.80 $1.60 $1.40 $1.20 $1.00 $0.80 $0.60 $0.40 $0.20 $0 NCUA Assessments Impact On Net Income (In Billions) 1st Qtr 2011 $1.90 Income/(Loss) Before NCUA Assessments $6 NCUSIF Premium Expense $0.13 Corporate CU Stablization Fund Expense $1.71 Income/(Loss) After NCUA Assessments Membership Growth Trend 93.0 92.0 2.69 91.5 92.2 3 2.5 91.0 9 89.0 88.0 87.0 87.8 1.81 1.75 1.83 88.9 1.26 90.5 1.82 1.32 1.06 2.08 0.82 2 1.5 1 86.0 0.5 85.0 0 # of Members 3-Month % Growth (Annualized) 12-Month % Growth Source: CUDATA.COM 1 st Qtr 2011 Page 5
In Billions In Billions Asset Growth Trend $1,00 $90 $80 $70 $751.1 $805.2 18.2 $869.0 22.0 $909.8 $951.6 25.0 2 $60 $50 $40 13.7 10.8 15.0 1 $30 $20 5.9 7.2 7.9 5.8 4.7 4.6 5.0 $10 $- Total Assets ($) 3-Month % Growth (Annualized) 12-Month % Growth Loans Growth Trend $58 $56 $54 $52 $50 7.3 6.9 $541.7 0.8 2.3 $506.6 $573.7 $573.5 5.9-0.8 $567.4-1.1 8.0 6.0 4.0 2.0-2.0 $48 $46-3.5-4.8-4.0-6.0 Total Loans ($) 3-Month % Growth (Annualized) 12-Month % Growth Source: CUDATA.COM 1 st Qtr 2011 Page 6
In Billions Vehicle Loan Growth Trend $18 $178.7 2.7 $176.3 $177.5 4.0 2.0 $175.0 0.7 $17-2.1-1.4-1.5 $170.7-2.0-3.8-4.1-4.0 $165.0 $163.7-5.9-6.0-7.0 $16-8.0 $155.0-10.6-1 -12.0 Total Vehicle Loans ($) 3-Month % Growth (Annualized) 12-Month % Growth Source: CUDATA.COM 1 st Qtr 2011 Page 7
In Billions 15.0 Vehicle Vs. Real Estate Loan Growth Trend 1 1 5.0 5.6 1.7-1.1-0.1-5.0-2.1-7.0-1.5-5.9-1 -10.6-15.0 Vehicle 3-Month % Growth (Annualized) Real Estate 3-Month % Growth (Annualized) $80 Loans Granted - All Loans Vs. RE Loans (In Billions) $70 $68.68 $60 $50 $57.17 $60.88 $51.80 $58.13 $40 $30 $20 $20.44 $25.46 $31.17 $18.57 $21.62 $10 $- Total Loans Granted (1st Qtr 2011) Total Real Estate Loans Granted (1st Qtr 2011) Source: CUDATA.COM 1 st Qtr 2011 Page 8
Loan Portfolio Composition As of March 31, 2011 8 15.07 5.02 6.15 4.31 10.8 Credit Card Loans All Other Unsecured Loans New Vehicle Loans Used Vehicle Loans 1st Mortgage/LOC 18.05 Other RE Loans + LOC Leases Receivable 40.32 All Other Loans/LOC Total Loans To Total Deposits (%) 8 78.0 76.0 74.0 72.0 7 68.0 66.0 64.0 62.0 79.0 79.8 78.0 73.1 69.0 Source: CUDATA.COM 1 st Qtr 2011 Page 9
In Billions 2.0 Loan Delinquency and Net-Charge Offs Trend 1.8 1.6 1.8 1.6 1.4 1.4 1.2 1.0 0.8 0.6 0.6 0.9 0.7 1.1 1.2 1.0 0.4 0.4 0.2 Delinquent Loans To Total Loans Net Charge Offs To Avg Loans (Annualized) Foreclosed & Repossessed Assets (In Billions) $2.50 $2.00 $1.73 $1.64 $1.95 $1.50 $1.33 $1.20 $1.00 $0.50 $- $0.85 $0.69 $0.42 $0.32 $0.40 $0.20 $0.20 $0.26 $0.27 $0.19 $3 $4 $3 $1 $1 Real Estate Automobiles Other Loans Total Foreclosed Source: CUDATA.COM 1 st Qtr 2011 Page 10
In Billions Provision for Loan Losses ($) In Billions $2.50 $2.00 $2.16 $1.89 $1.50 $1.07 $1.24 $1.00 $0.55 $0.50 $- 1.8 1.6 1.4 Allowance for Loan Losses Trend 1.6 1.6 1.2 1.2 1.0 1.0 1.0 0.8 0.6 0.4 0.7 0.5 0.8 0.5 0.8 0.2 Allow For Loan Losses To T/Loans Allow. For Loan Losses To T/Assets Source: CUDATA.COM 1 st Qtr 2011 Page 11
In Billions Deposit Growth Trend $90 $80 $70 $641.0 $679.1 $735.4 25.3 $784.2 $822.7 3 25.0 $60 2 2 $50 $40 $30 $20 $10 16.7 5.6 6.0 8.3 10.9 6.6 12.8 4.9 15.0 1 5.0 $- Total Deposits ($) 3-Month % Growth (Annualized) 12-Month % Growth Core Deposit % Growth (Annualized) 1st Qtr 2011 1st Qtr 2010 All Other Shares 19.2% 34.5% IRA/KEOAG 1.5% 6.0% Money Market 14.2% 22.6% -7.5% -8.0% Certificates Regular Checking 5.2% 29.3% 26.7% 27.4% All Deposits 12.8% 10.9% -15.0% -1% -5.0% % 5.0% 1% 15.0% 2% 25.0% 3% 35.0% 4% Source: CUDATA.COM 1 st Qtr 2011 Page 12
In Billions Investments Growth Trend $40 10 $35 89.9 $339.0 9 $30 $25 $20 $15 $10 $5 $- $294.0 65.5 $256.5 $208.2 $223.6 53.3 38.0 28.6 14.7 14.6 15.3 7.4 2.0 8 7 6 5 4 3 2 1 Total Investments ($) 3-Month % Growth (Annualized) 12-Month % Growth 8.0 Net Interest Spread Trend (Annualized) 7.0 6.0 5.0 4.0 3.0 2.0 1.0 6.7 6.8 6.0 6.0 4.4 4.1 3.1 3.2 2.9 2.8 6.4 5.3 3.0 2.8 2.3 6.1 5.9 4.8 4.4 3.2 3.2 2.1 1.6 1.6 1.1 Yield On Avg Loans Yield On Avg Investments Yield On Earning Assets Cost of Funds Net Interest Spread Source: CUDATA.COM 1 st Qtr 2011 Page 13
Return On Avg Assets (Annualized ) Asset-Size Peer Group-1st Qtr 2011 1 0.89 0.8 0.73 0.6 0.41 0.56 0.4 0.26 0.2 0-0.46 3-0.2-0.4-0.6 Operating Expense Ratio Vs. Net Interest Margin (%) 3.4 3.3 3.33 3.34 3.2 3.23 3.24 3.21 3.1 3.11 3.14 3 3 2.9 2.93 2.8 2.84 2.7 2.6 2.5 Net Interest Margin Operating Expense Ratio Source: CUDATA.COM 1 st Qtr 2011 Page 14
12 Efficiency Ratio % (the cost incurred to generate one dollar of revenue) 10 8 82.1 84.7 101.0 86.3 81.1 6 4 2 35 30 25 20 Loan Concentration to Net -Worth Capital (%) 331.3 241.2 172.6 15 10 5 74.6 Indirect Loans to Net Worth Vehicle Loans to Net Worth Total RE Loans Incl MBL to Net Worth 1st Mortgage RE & LOC to Net Worth 33.5 Member Business Loans to Net Worth 7.3 Participation Loans to New Worth Construction & Development Loans to Net Worth Source: CUDATA.COM 1 st Qtr 2011 Page 15
180 160 Investments Concentration Risk to Net-Worth Capital (%) 168.11 140 120 100 80 90.54 77.56 60 40 41.07 20 0 Agency Debt Instruments to Net Worth Agency Mortgage- Backed Securities to Net Worth Total Agency Securities to Net Worth 2.82 Total Other MBS to Net Worth CMO/REMICs to Net Worth Source: CUDATA.COM 1 st Qtr 2011 Page 16
Return On Assets (ROA) By State 1st Qtr 2010 Vs. 2011 State 1st Qtr 2010 1st Qtr 2011 State 1st Qtr 2010 1st Qtr 2011 Alaska 0.58 1.08 Montana 0.61 0.15 Alabama 0.68 0.79 North Carolina 0.88 0.73 Arkansas 0.39 0.92 North Dakota 0.45 0.80 Arizona -0.12 0.67 Nebraska 0.47 0.32 California 0.26 0.79 New Hampshire 0.64 1.04 Colorado 0.50 0.86 New Jersey 0.18 0.26 Connecticut 0.43 0.40 New Mexico 0.55 0.90 District of Columbia 0.73 0.68 Nevada -1.30-0.18 Delaware 0.57 0.44 New York 0.76 0.92 Florida -0.10 0.52 Ohio 0.48 0.55 Georgia 0.36 0.43 Oklahoma 0.54 0.61 Guam 0.98 0.87 Oregon 0.32 0.58 Hawaii 0.64 0.51 Pennsylvania 0.85 0.86 Iowa 0.93 0.95 Puerto Rico 4 0.20 Idaho 0.43 0.68 Rhode Island 0.48 0.29 Illinois 0.55 0.66 South Carolina 0.44 0.56 Indiana 0.47 0.54 South Dakota 0.26 0.49 Kansas 0.60 0.78 Tennessee 0.66 0.58 Kentucky 0.61 0.85 Texas 0.49 0.77 Louisiana 0.10 0.65 Utah 3 0.49 Massachusetts 0.41 0.38 Virginia 0.89 1.22 Maryland 0.35 0.42 Virgin Islands 1.41 1.28 Maine 0.56 0.47 Vermont 1.00 1.07 Michigan 0.32 0.70 Washington 0.43 0.87 Minnesota 0.46 0.79 Wisconsin 0.47 0.55 Missouri 0.19 0.44 West Virginia 0.45 0.53 Mississippi 0.34 0.99 Wyoming 0.55 0.62 Source: CUDATA.COM 1 st Qtr 2011 Page 17