Energize CU Third-Quarter First 2017
Source: Datatrac, NCUA, and CUNA. (1) Rates and fees as of 2/22/2018. (2) Assumes 1.9 credit union members per household. www.datatrac.net/memberbenefits
Savings Product Comparative Interest Rates (%) by Savings Account Type Retirement (IRA) accounts 0.73 1 Year certificate $10,000 balance 0.73 Money Market Accounts 0.00 Share draft checking, $5,000 balance 0.00 Regular savings, $1,000 balance 0.19 Oklahoma Banks Your Credit Union
Loan Product Comparative Interest Rates (%) by Loan Type 10.00 8.75 4.86 5.04 3.00 3.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 60-month new car (A paper) 48-month used car (A paper) Unsecured loan (A paper) 5-year adjustable 15-year fixed rate 30-year fixed rate Home equity / 2nd rate 1st mortgage, 1st mortgage, 0 pts1st mortgage, 0 pts mtg, 80% LTV 0 pts 0 pts Credit card - classic Credit card - platinum Your Credit Union Oklahoma Banks
Comparative Fees by Type $1,361.00 $0.00 $0.00 $0.00 $0.00 Energize CU $34.18 Area Banks Share draft checking, NSF fee Credit cards, late fee Mortgages, closing costs
Interest Rates at Energize CU and Banking Institutions in Oklahoma Rate at your Average Rate Rate Difference Loan Products Credit Union (%) * at Banks (%) * vs. Banks (%) 60-month new car (A paper) 3.00 4.86-1.86 48-month used car (A paper) 3.00 5.04-2.04 Unsecured loan (A paper) 10.00 8.75 1.25 5-year adjustable rate 1st mortgage, 0 pts 0.00 0.00 0.00 15-year fixed rate 1st mortgage, 0 pts 0.00 0.00 0.00 30-year fixed rate 1st mortgage, 0 pts 0.00 0.00 0.00 Home equity / 2nd mtg, 80% LTV 0 pts 0.00 0.00 0.00 Credit card - classic 0.00 0.00 0.00 Credit card - platinum 0.00 0.00 0.00 Savings Products Regular savings, $1,000 balance 0.50 0.19 0.31 Share draft checking, $5,000 balance 0.00 0.00 0.00 Money Market Accounts 0.00 0.00 0.00 1 Year certificate $10,000 balance 1.00 0.73 0.28 Retirement (IRA) accounts 1.00 0.73 0.28 Fee Income Share draft checking, NSF fee $0.00 $0.00 $0.00 Credit cards, late fee $0.00 $34.18 -$34.18 Mortgages, closing costs $0.00 $1,361.00 -$1,361.00 *Rates and fees as of 2/22/2018. Credit union rates provided by individual credit union, bank rates provided by Datatrac.
Your Credit Union's Total Loan Rate Benefits Compared to Banking Institutions in Your State by Loan Type $189,592 $148,133 $0 $0 $0 $0 $0 -$17,146
Your Credit Union's Total Savings Dividend Benefits Compared to Banking Institutions in Your State by Account Type $56,663 $13,077 $0 $0 $0 Regular shares Share draft checking Money market accounts Certificate accounts Retirement (IRA) accounts
Annual Member Benefit of Loan Products with Various Terms $303 $219 $0 $0 $0 $0 $0 $0 $0 60-month new car (A paper) 48-month used car (A paper) Unsecured loan (A paper) 5-year adjustable rate 1st mortgage, 0 pts 15-year fixed rate 30-year fixed rate 1st mortgage, 0 pts 1st mortgage, 0 pts Home equity / 2nd mtg, 80% LTV 0 pts Credit card - classic Credit card - platinum
Annual Member Benefit on Savings Products with Various Terms $28 $3 $0 $0 Regular savings, $1,000 balance Share draft checking, $5,000 balance Money Market Accounts 1 Year certificate $10,000 balance Savings terms include: Regular Savings: $1,000 balance; Share Draft Checking: $5,000; Money Market Accounts: $2,500 balance; 1-Yr Certificates: $10,000
Estimated Financial Benefits for Energize CU Rate Avg. Balance Difference Financial Benefit at Your vs. Oklahoma to Your Loans Credit Union (1) Banks (%) (2) Members New car loans 7,947,065-1.86 $148,133 Used car loans 9,307,429-2.04 $189,592 Personal unsecured loans 1,368,408 1.25 -$17,146 5-year adjustable rate 1st mortgage - 0.00 $0 15-year fixed rate 1st mortgage - 0.00 $0 30-year fixed rate 1st mortgage - 0.00 $0 Home equity / 2nd mortgage loans - 0.00 $0 Credit cards - 0.00 $0 Interest rebates $0 Total CU member benefits arising from lower interest rates on loan products: $320,579 Savings Regular shares 18,103,237 0.31 $56,663 Share draft checking - 0.00 $0 Money market accounts - 0.00 $0 Certificate accounts 4,755,379 0.28 $13,077 Retirement (IRA) accounts - 0.28 $0 Bonus dividends in period $0 Total CU member benefit arising from higher interest rates on savings products: $69,740 Fee Income Total CU member benefit arising from fewer/lower fees: $19,962 Total CU member benefit arising from interest rates on loan and savings products and lower fees: $410,282 Total CU member benefit / member: $124 Total CU member benefit / member household: $237 Source: Datatrac, NCUA, and CUNA (1) Average balance as of September 2017 and September 2016 according to the NCUA call report. (2) Rates and fees as of 2/22/2018. Credit union rates provided by individual credit union, bank rates provided by Datatrac.
is hereby granted to: Energize CU The Credit Union National Association has determined that Energize CU provided $410,282 in direct financial benefits to its 3,296 members during the twelve months ending in September 2017. These benefits are equivalent to approximately $237 per member household. Credit unions generally provide financial benefits to members by charging less for loans, paying more on deposits and charging fewer/lower fees compared to banking institutions.
Energize CU Performance Profile Demographic Information Sep 17 Sep 16 Number of branches 1 1 Total assets ($ mil) 26 26 Total loans ($ mil) 21 19 Total surplus funds ($ mil) 4 6 Total savings ($ mil) 23 23 Total members (thousands) 3 3 Growth Rates (Year-to-date) Total assets -0.7 % 4.4 % Total loans 11.0 % 18.2 % Total surplus funds -35.1 % -21.9 % Total savings -0.4 % 4.8 % Total members 1.7 % 3.9 % Earnings - Basis Pts. Yield on total assets 325 306 - Dividend/interest cost of assets 48 38 + Fee & other income 12 6 - Operating expense 257 264 - Loss Provisions 72 5 = Net Income (ROA) -39 5 Capital adequacy Net worth / assets 10.5 10.8 Asset quality Delinquencies / loans 1.5 1.0 Net chargeoffs / average loans 0.1 0.1 Total borrower-bankruptcies 2 4 Bankruptcies per 1000 members 0.6 1.2 Asset/Liability Management Loans / savings 93.0 83.4 Loans / assets 83.0 74.3 Long-term assets / assets 1.4 1.4 Core deposits/shares & borrowings 78.6 79.8 Productivity Members/potential members 73.9 72.6 Borrowers/members 58.0 58.1 Members/FTE 831 817 Average shares/members ($) 6,862 7,010 Average loan balances ($) 11,006 10,052 Salary & Benefits/FTE 89,899 94,593
www.datatrac.net/memberbenefits