Year-End Mid 2017 Nevada Nevada 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 13.78 12.73 10.69 8.69 9.86 9.31 4.76 2.94 3.11 5.40 3.87 4.01 3.64 3.69 4.15 4.13 4.62 5.86 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 Nevada Credit Unions Nevada Banks
Savings Product Comparative Interest Rates (%) by Savings Account Type Retirement (IRA) accounts 0.31 0.41 1 Year certificate $10,000 balance 0.49 0.66 Money market accounts 0.13 0.17 Share draft checking, $5,000 balance 0.09 0.11 Regular savings, $1,000 balance 0.11 0.14 Nevada Credit Unions Nevada Banks
Comparative Fees by Type $1,361.00 $1,151.00 $29.00 $32.84 $24.56 $34.18 Share draft checking, NSF fee Credit cards, late fee Mortgages, closing costs Nevada Credit Unions Nevada Banks
Nevada Credit Union and Banking Institution December 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) 2.94 4.76-1.81 48-month used car (A paper) 3.11 5.40-2.29 Unsecured loan (A paper) 8.69 9.86-1.17 5-year adjustable rate 1st mortgage, 0 pts 3.87 4.01-0.14 15-year fixed rate 1st mortgage, 0 pts 3.64 3.69-0.05 30-year fixed rate 1st mortgage, 0 pts 4.15 4.13 0.02 Home equity / 2nd mtg, 80% LTV 0 pts 4.62 5.86-1.25 Credit card - rewards 10.69 13.78-3.09 Credit card - platinum 9.31 12.73-3.42 Savings Products Regular savings, $1,000 balance 0.11 0.14-0.03 Share draft checking, $5,000 balance 0.11 0.09 0.02 Money market accounts 0.17 0.13 0.03 1 Year certificate $10,000 balance 0.66 0.49 0.17 Retirement (IRA) accounts 0.41 0.31 0.10 Fee Income Share draft checking, NSF fee $29.00 $32.84 -$3.84 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 $16,828,891 $4,752,302 $1,742,945 $2,786,151 $756,499 $551,157 $91,234 -$94,521 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 $416,100 $197,810 $303,245 $231,086 -$571,835 Regular shares Share draft checking Money market accounts Certificate accounts Retirement (IRA) accounts
Rate Total Avg. Balance Difference Financial Benefit at vs. Nevada to Your Loans Credit Unions (1) Banks (%) (2) Members New car loans 261,979,176-1.81 $4,752,302 Used car loans 736,494,121-2.29 $16,828,891 Personal unsecured loans 64,768,742-1.17 $756,499 5-year adjustable rate 1st mortgage 382,747,967-0.14 $551,157 15-year fixed rate 1st mortgage 194,115,710-0.05 $91,234 30-year fixed rate 1st mortgage 590,755,346 0.02 -$94,521 Home equity / 2nd mortgage loans 139,995,574-1.25 $1,742,945 Credit cards 87,808,113-3.09 $2,786,151 Interest rebates $4,176,986 Total CU member benefits arising from lower interest rates on loan products: $31,591,645 Savings Regular shares 1,786,984,503-0.03 -$571,835 Share draft checking 860,042,962 0.02 $197,810 Money market accounts 947,642,050 0.03 $303,245 Certificate accounts 241,918,524 0.17 $416,100 Retirement (IRA) accounts 226,555,256 0.10 $231,086 Bonus dividends in period $0 Total CU member benefit arising from higher interest rates on savings products: $576,407 Fee Income Estimated Financial Benefits for Nevada Credit Unions December 2017 Total CU member benefit arising from fewer / lower fees: $10,964,019 Total CU member benefit arising from interest rates on loans, savings products and lower fees: $43,132,071 Total CU member benefit / member: $125 Total CU member benefit / member household: $262 Source: Datatrac, NCUA, and CUNA (1) Average balance as of December 2017 and December 2016, according to the NCUA call report.; (2) Source for rates and fees: Datatrac;
Nevada Credit Union Performance Profile Demographic Information Dec 17 Dec 16 Number of branches 70 67 Total assets ($ mil) 4,849 4,488 Total loans ($ mil) 2,796 2,557 Total surplus funds ($ mil) 1,847 1,743 Total savings ($ mil) 4,244 3,976 Total members (thousands) 355 344 Growth Rates (Trailing 12 months) * Total assets 10.0 % 8.3 % Total loans 11.9 % 11.0 % Total surplus funds 6.9 % 4.0 % Total savings 8.7 % 7.9 % Total members 5.5 % 2.8 % Earnings - Basis Pts. * Yield on total assets 327 315 Dividend / interest cost of assets 30 28 Fee & other income 231 229 Operating expense 389 393 Loss Provisions 19 2 Net Income (ROA) after stabilization exp 119 122 Capital Adequacy Net worth / assets 11.0 10.6 Asset Quality * Delinquencies / loans 0.6 0.7 Net chargeoffs / average loans 0.5 0.4 Total borrower-bankruptcies 43 25 Bankruptcies per 1000 members 1.9 1.2 Asset/Liability Management Loans / savings 65.9 64.3 Loans / assets 57.7 57.0 Long-term assets / assets 30.8 33.1 Core deposits/shares & borrowings 65.7 64.5 Productivity Members / potential members 5.6 5.4 Borrowers / members 49.8 49.2 Members / FTE 307 306 Average shares / members ($) 11,951 11,570 Average loan balances ($) 15,820 15,122 Salary & Benefits / FTE 74,385 73,276 * 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.