Mid-Year 2017 Louisiana Louisiana 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 16.76 11.36 10.97 9.04 9.24 9.10 4.87 2.80 2.98 5.71 3.32 3.79 3.69 3.67 4.32 4.28 4.20 4.85 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 - classic Credit card - platinum Louisiana Credit Unions Louisiana Banks
Savings Product Comparative Interest Rates (%) by Savings Account Type Retirement (IRA) accounts 0.33 0.49 1 Year certificate $10,000 balance 0.51 0.70 Money market accounts 0.15 0.28 Share draft checking, $5,000 balance 0.12 0.12 Regular savings, $1,000 balance 0.17 0.16 Louisiana Credit Unions Louisiana Banks
Comparative Fees by Type $1,361.00 $1,151.00 $24.20 $30.15 $24.56 $34.18 Share draft checking, NSF fee Credit cards, late fee Mortgages, closing costs Louisiana Credit Unions Louisiana Banks
Louisiana Credit Union and Banking Institution June 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) 2.80 4.87-2.07 48-month used car (A paper) 2.98 5.71-2.73 Unsecured loan (A paper) 9.04 9.24-0.20 5-year adjustable rate 1st mortgage, 0 pts 3.32 3.79-0.47 15-year fixed rate 1st mortgage, 0 pts 3.69 3.67 0.02 30-year fixed rate 1st mortgage, 0 pts 4.32 4.28 0.04 Home equity / 2nd mtg, 80% LTV 0 pts 4.20 4.85-0.65 Credit card - classic 11.36 16.76-5.40 Credit card - platinum 9.10 10.97-1.87 Savings Products Regular savings, $1,000 balance 0.17 0.16 0.00 Share draft checking, $5,000 balance 0.12 0.12 0.00 Money market accounts 0.28 0.15 0.13 1 Year certificate $10,000 balance 0.70 0.51 0.19 Retirement (IRA) accounts 0.49 0.33 0.16 Fee Income Share draft checking, NSF fee $24.20 $30.15 -$5.95 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 $47,221,890 $32,320,917 $15,351,006 $1,252,180 $1,756,688 $2,017,864 -$145,653 -$325,541 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 $3,337,560 $1,116,353 $992,333 $180,240 -$43,797 Regular shares Share draft checking Money market accounts Certificate accounts Retirement (IRA) accounts
Rate Total Avg. Balance Difference Financial Benefit at vs. Louisiana to Your Loans Credit Unions (1) Banks (%) (2) Members New car loans 1,559,137,319-2.07 $32,320,917 Used car loans 1,727,840,817-2.73 $47,221,890 Personal unsecured loans 642,143,475-0.20 $1,252,180 5-year adjustable rate 1st mortgage 376,164,450-0.47 $1,756,688 15-year fixed rate 1st mortgage 633,272,659 0.02 -$145,653 30-year fixed rate 1st mortgage 834,719,880 0.04 -$325,541 Home equity / 2nd mortgage loans 310,919,028-0.65 $2,017,864 Credit cards 339,811,981-5.40 $15,351,006 Interest rebates $2,312 Total CU member benefits arising from lower interest rates on loan products: $99,451,663 Savings Regular shares 4,505,989,945 0.00 $180,240 Share draft checking 1,459,899,636 0.00 -$43,797 Money market accounts 858,732,748 0.13 $1,116,353 Certificate accounts 1,756,610,713 0.19 $3,337,560 Retirement (IRA) accounts 620,208,402 0.16 $992,333 Bonus dividends in period $0 Total CU member benefit arising from higher interest rates on savings products: $5,582,689 Fee Income Estimated Financial Benefits for Louisiana Credit Unions June 2017 Total CU member benefit arising from fewer / lower fees: $31,309,582 Total CU member benefit arising from interest rates on loans, savings products and lower fees: $136,343,934 Total CU member benefit / member: $110 Total CU member benefit / member household: $209 Source: Datatrac, NCUA, and CUNA (1) Average balance as of June 2017 and June 2016, according to the NCUA call report.; (2) Source for rates and fees: Datatrac;
Louisiana Credit Union Performance Profile Demographic Information Jun 17 Jun 16 Number of branches 430 426 Total assets ($ mil) 11,189 10,571 Total loans ($ mil) 7,445 6,965 Total surplus funds ($ mil) 3,152 3,054 Total savings ($ mil) 9,788 9,187 Total members (thousands) 1,248 1,237 Growth Rates (Trailing 12 months) * Total assets 6.2 % 4.2 % Total loans 7.1 % 7.8 % Total surplus funds 3.7 % -3.7 % Total savings 6.9 % 4.3 % Total members 1.3 % 0.3 % Earnings - Basis Pts. * Yield on total assets 370 369 Dividend / interest cost of assets 47 48 Fee & other income 160 185 Operating expense 415 418 Loss Provisions 46 43 Net Income (ROA) after stabilization exp 22 46 Capital Adequacy Net worth / assets 11.2 11.5 Asset Quality * Delinquencies / loans 1.0 0.9 Net chargeoffs / average loans 0.7 0.6 Total borrower-bankruptcies 8 9 Bankruptcies per 1000 members 1.3 1.4 Asset/Liability Management Loans / savings 76.1 75.8 Loans / assets 66.5 65.9 Long-term assets / assets 25.6 24.2 Core deposits/shares & borrowings 63.3 62.0 Productivity Members / potential members 9.4 10.2 Borrowers / members 52.6 52.4 Members / FTE 332 332 Average shares / members ($) 7,844 7,427 Average loan balances ($) 11,346 10,739 Salary & Benefits / FTE 60,893 59,044 * 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.