Year-End Mid 2017 Louisiana Louisiana 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 12.62 12.47 9.03 9.32 9.07 8.20 5.08 2.86 2.99 5.72 3.40 3.99 3.80 3.66 4.18 4.14 4.50 4.97 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 Louisiana Credit Unions Louisiana Banks
Savings Product Comparative Interest Rates (%) by Savings Account Type Retirement (IRA) accounts 0.38 0.60 1 Year certificate $10,000 balance 0.59 0.91 Money market accounts 0.18 0.29 Share draft checking, $5,000 balance 0.12 0.14 Regular savings, $1,000 balance 0.17 0.20 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 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) 2.86 5.08-2.22 48-month used car (A paper) 2.99 5.72-2.73 Unsecured loan (A paper) 9.03 9.32-0.29 5-year adjustable rate 1st mortgage, 0 pts 3.40 3.99-0.59 15-year fixed rate 1st mortgage, 0 pts 3.80 3.66 0.14 30-year fixed rate 1st mortgage, 0 pts 4.18 4.14 0.04 Home equity / 2nd mtg, 80% LTV 0 pts 4.50 4.97-0.47 Credit card - rewards 9.07 12.62-3.55 Credit card - platinum 8.20 12.47-4.27 Savings Products Regular savings, $1,000 balance 0.20 0.17 0.03 Share draft checking, $5,000 balance 0.12 0.14-0.01 Money market accounts 0.29 0.18 0.11 1 Year certificate $10,000 balance 0.91 0.59 0.32 Retirement (IRA) accounts 0.60 0.38 0.22 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 $48,634,262 $35,426,674 $13,290,659 $1,949,202 $2,559,005 $1,476,115 -$915,728 -$345,019 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 $5,566,982 $1,299,406 $943,926 $1,323,857 -$165,183 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 1,594,359,755-2.22 $35,426,674 Used car loans 1,782,780,861-2.73 $48,634,262 Personal unsecured loans 672,138,514-0.29 $1,949,202 5-year adjustable rate 1st mortgage 430,808,905-0.59 $2,559,005 15-year fixed rate 1st mortgage 658,797,103 0.14 -$915,728 30-year fixed rate 1st mortgage 862,546,502 0.04 -$345,019 Home equity / 2nd mortgage loans 314,736,665-0.47 $1,476,115 Credit cards 356,461,293-3.55 $13,290,659 Interest rebates $103,172 Total CU member benefits arising from lower interest rates on loan products: $102,178,342 Savings Regular shares 4,480,710,867 0.03 $1,299,406 Share draft checking 1,501,665,331-0.01 -$165,183 Money market accounts 850,383,518 0.11 $943,926 Certificate accounts 1,723,523,767 0.32 $5,566,982 Retirement (IRA) accounts 610,072,209 0.22 $1,323,857 Bonus dividends in period $0 Total CU member benefit arising from higher interest rates on savings products: $8,968,987 Fee Income Estimated Financial Benefits for Louisiana Credit Unions December 2017 Total CU member benefit arising from fewer / lower fees: $32,201,432 Total CU member benefit arising from interest rates on loans, savings products and lower fees: $143,348,761 Total CU member benefit / member: $118 Total CU member benefit / member household: $247 Source: Datatrac, NCUA, and CUNA (1) Average balance as of December 2017 and December 2016, according to the NCUA call report.; (2) Source for rates and fees: Datatrac;
Louisiana Credit Union Performance Profile Demographic Information Dec 17 Dec 16 Number of branches 419 431 Total assets ($ mil) 11,297 10,926 Total loans ($ mil) 7,768 7,223 Total surplus funds ($ mil) 2,930 3,150 Total savings ($ mil) 9,730 9,434 Total members (thousands) 1,235 1,243 Growth Rates (Trailing 12 months) * Total assets 5.9 % 5.8 % Total loans 9.8 % 6.7 % Total surplus funds -4.3 % 3.8 % Total savings 5.6 % 5.6 % Total members 2.9 % 0.7 % Earnings - Basis Pts. * Yield on total assets 375 370 Dividend / interest cost of assets 50 47 Fee & other income 196 191 Operating expense 415 420 Loss Provisions 48 46 Net Income (ROA) after stabilization exp 58 48 Capital Adequacy Net worth / assets 11.5 11.4 Asset Quality * Delinquencies / loans 1.1 1.1 Net chargeoffs / average loans 0.8 0.6 Total borrower-bankruptcies 18 16 Bankruptcies per 1000 members 2.7 2.5 Asset/Liability Management Loans / savings 79.8 76.6 Loans / assets 68.8 66.1 Long-term assets / assets 27.1 24.6 Core deposits/shares & borrowings 62.2 63.4 Productivity Members / potential members 8.9 9.4 Borrowers / members 54.7 71.0 Members / FTE 331 331 Average shares / members ($) 7,879 7,590 Average loan balances ($) 11,500 8,190 Salary & Benefits / FTE 60,750 59,321 * 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.