Third-Quarter Mid Year 2017 2017 Arizona Arizona 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 13.70 11.57 10.29 10.35 8.73 9.30 4.52 2.82 2.93 4.84 3.52 3.51 3.58 3.58 4.25 4.14 5.00 5.37 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 Arizona Credit Unions Arizona Banks
Savings Product Comparative Interest Rates (%) by Savings Account Type Retirement (IRA) accounts 0.27 0.33 1 Year certificate $10,000 balance 0.45 0.54 Money market accounts 0.08 0.12 Share draft checking, $5,000 balance 0.07 0.11 Regular savings, $1,000 balance 0.09 0.12 Arizona Credit Unions Arizona Banks
Comparative Fees by Type $1,361.00 $1,151.00 $31.09 $32.43 $24.56 $34.18 Share draft checking, NSF fee Credit cards, late fee Mortgages, closing costs Arizona Credit Unions Arizona Banks
Arizona Credit Union and Banking Institution September 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) 2.82 4.52-1.70 48-month used car (A paper) 2.93 4.84-1.92 Unsecured loan (A paper) 10.29 8.73 1.56 5-year adjustable rate 1st mortgage, 0 pts 3.52 3.51 0.01 15-year fixed rate 1st mortgage, 0 pts 3.58 3.58 0.00 30-year fixed rate 1st mortgage, 0 pts 4.25 4.14 0.11 Home equity / 2nd mtg, 80% LTV 0 pts 5.00 5.37-0.37 Credit card - rewards 10.35 13.70-3.35 Credit card - platinum 9.30 11.57-2.27 Savings Products Regular savings, $1,000 balance 0.12 0.09 0.04 Share draft checking, $5,000 balance 0.11 0.07 0.04 Money market accounts 0.12 0.08 0.03 1 Year certificate $10,000 balance 0.54 0.45 0.09 Retirement (IRA) accounts 0.33 0.27 0.06 Fee Income Share draft checking, NSF fee $31.09 $32.43 -$1.34 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 $62,941,736 $37,847,132 $14,223,653 $28,530 $3,748,910 -$4,475,165 -$102,461 -$1,111,358 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 $1,728,336 $1,814,214 $1,304,069 $684,072 $552,490 Regular shares Share draft checking Money market accounts Certificate accounts Retirement (IRA) accounts
Rate Total Avg. Balance Difference Financial Benefit at vs. Arizona to Your Loans Credit Unions (1) Banks (%) (2) Members New car loans 2,226,301,909-1.70 $37,847,132 Used car loans 3,283,345,650-1.92 $62,941,736 Personal unsecured loans 286,318,915 1.56 -$4,475,165 5-year adjustable rate 1st mortgage 1,024,605,082 0.01 -$102,461 15-year fixed rate 1st mortgage 713,242,348 0.00 $28,530 30-year fixed rate 1st mortgage 1,029,035,640 0.11 -$1,111,358 Home equity / 2nd mortgage loans 1,013,218,965-0.37 $3,748,910 Credit cards 461,657,014-3.35 $14,223,653 Interest rebates $661 Total CU member benefits arising from lower interest rates on loan products: $113,101,639 Savings Regular shares 4,548,251,334 0.04 $1,728,336 Share draft checking 1,900,200,183 0.04 $684,072 Money market accounts 5,497,616,789 0.03 $1,814,214 Certificate accounts 1,448,965,169 0.09 $1,304,069 Retirement (IRA) accounts 898,358,516 0.06 $552,490 Bonus dividends in period $0 Total CU member benefit arising from higher interest rates on savings products: $6,083,180 Fee Income Estimated Financial Benefits for Arizona Credit Unions September 2017 Total CU member benefit arising from fewer / lower fees: $17,030,908 Total CU member benefit arising from interest rates on loans, savings products and lower fees: $136,215,727 Total CU member benefit / member: $90 Total CU member benefit / member household: $171 Source: Datatrac, NCUA, and CUNA (1) Average balance as of September 2017 and September 2016, according to the NCUA call report.; (2) Source for rates and fees: Datatrac;
Arizona Credit Union Performance Profile Demographic Information Sep 17 Sep 16 Number of branches 259 261 Total assets ($ mil) 17,431 16,106 Total loans ($ mil) 11,102 10,049 Total surplus funds ($ mil) 5,553 5,314 Total savings ($ mil) 14,853 13,902 Total members (thousands) 1,539 1,495 Growth Rates (Trailing 12 months) * Total assets 8.3 % 8.6 % Total loans 10.5 % 9.2 % Total surplus funds 4.6 % 8.2 % Total savings 6.9 % 9.7 % Total members 3.1 % 3.0 % Earnings - Basis Pts. * Yield on total assets 365 351 Dividend / interest cost of assets 45 36 Fee & other income 201 205 Operating expense 393 400 Loss Provisions 42 30 Net Income (ROA) after stabilization exp 87 91 Capital Adequacy Net worth / assets 10.9 10.9 Asset Quality * Delinquencies / loans 0.5 0.5 Net chargeoffs / average loans 0.5 0.5 Total borrower-bankruptcies 48 39 Bankruptcies per 1000 members 1.3 1.1 Asset/Liability Management Loans / savings 74.7 72.3 Loans / assets 63.7 62.4 Long-term assets / assets 32.8 29.9 Core deposits/shares & borrowings 44.9 44.7 Productivity Members / potential members 2.9 2.9 Borrowers / members 52.8 51.0 Members / FTE 334 328 Average shares / members ($) 9,650 9,299 Average loan balances ($) 13,663 13,181 Salary & Benefits / FTE 76,693 72,354 * 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.