First Mid Quarter Year 2017 2018 Colorado Colorado 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 13.17 11.09 11.42 9.40 8.89 9.25 4.49 3.21 3.20 4.74 3.86 4.04 4.04 4.06 4.55 4.53 4.57 5.33 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 Colorado Credit Unions Colorado Banks
Savings Product Comparative Interest Rates (%) by Savings Account Type Retirement (IRA) accounts 0.37 0.62 1 Year certificate $10,000 balance 0.62 0.92 Money market accounts 0.12 0.32 Share draft checking, $5,000 balance 0.07 0.10 Regular savings, $1,000 balance 0.14 0.11 Colorado Credit Unions Colorado Banks
Comparative Fees by Type $1,361.00 $1,151.00 $28.96 $31.09 $24.56 $34.18 Share draft checking, NSF fee Credit cards, late fee Mortgages, closing costs Colorado Credit Unions Colorado Banks
Colorado Credit Union and Banking Institution March 2018 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) 3.21 4.49-1.28 48-month used car (A paper) 3.20 4.74-1.53 Unsecured loan (A paper) 9.40 8.89 0.52 5-year adjustable rate 1st mortgage, 0 pts 3.86 4.04-0.18 15-year fixed rate 1st mortgage, 0 pts 4.04 4.06-0.02 30-year fixed rate 1st mortgage, 0 pts 4.55 4.53 0.02 Home equity / 2nd mtg, 80% LTV 0 pts 4.57 5.33-0.77 Credit card - rewards 11.09 13.17-2.08 Credit card - platinum 9.25 11.42-2.17 Savings Products Regular savings, $1,000 balance 0.14 0.11 0.02 Share draft checking, $5,000 balance 0.10 0.07 0.03 Money market accounts 0.32 0.12 0.21 1 Year certificate $10,000 balance 0.92 0.62 0.31 Retirement (IRA) accounts 0.62 0.37 0.26 Fee Income Share draft checking, NSF fee $28.96 $31.09 -$2.13 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 $69,268,605 $32,779,648 $17,543,500 $11,153,424 $3,035,561 $286,602 -$1,709,491 -$560,693 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 $11,281,745 $11,326,555 $2,549,091 $1,515,714 $1,003,222 Regular shares Share draft checking Money market accounts Certificate accounts Retirement (IRA) accounts
Rate Total Avg. Balance Difference Financial Benefit at vs. Colorado to Your Loans Credit Unions (1) Banks (%) (2) Members New car loans 2,566,926,212-1.28 $32,779,648 Used car loans 4,515,554,403-1.53 $69,268,605 Personal unsecured loans 329,381,630 0.52 -$1,709,491 5-year adjustable rate 1st mortgage 1,695,844,126-0.18 $3,035,561 15-year fixed rate 1st mortgage 1,508,432,753-0.02 $286,602 30-year fixed rate 1st mortgage 3,298,191,432 0.02 -$560,693 Home equity / 2nd mortgage loans 2,290,274,197-0.77 $17,543,500 Credit cards 530,357,761-2.08 $11,153,424 Interest rebates $2,668 Total CU member benefits arising from lower interest rates on loan products: $131,799,824 Savings Regular shares 6,590,059,767 0.02 $1,515,714 Share draft checking 3,459,386,678 0.03 $1,003,222 Money market accounts 5,450,118,309 0.21 $11,281,745 Certificate accounts 3,713,624,686 0.31 $11,326,555 Retirement (IRA) accounts 995,738,830 0.26 $2,549,091 Bonus dividends in period $0 Total CU member benefit arising from higher interest rates on savings products: $27,676,327 Fee Income Estimated Financial Benefits for Colorado Credit Unions March 2018 Total CU member benefit arising from fewer / lower fees: $13,754,457 Total CU member benefit arising from interest rates on loans, savings products and lower fees: $173,230,609 Total CU member benefit / member: $94 Total CU member benefit / member household: $197 Source: Datatrac, NCUA, and CUNA (1) Average balance as of March 2018 and March 2017, according to the NCUA call report.; (2) Source for rates and fees: Datatrac;
Colorado Credit Union Performance Profile Demographic Information Mar 18 Mar 17 Number of branches 291 282 Total assets ($ mil) 25,271 23,624 Total loans ($ mil) 18,304 16,640 Total surplus funds ($ mil) 5,984 6,112 Total savings ($ mil) 21,267 19,898 Total members (thousands) 1,903 1,793 Growth Rates (Trailing 12 months) * Total assets 7.0 % 11.5 % Total loans 10.0 % 14.2 % Total surplus funds -2.0 % 4.8 % Total savings 6.9 % 12.4 % Total members 6.2 % 6.4 % Earnings - Basis Pts. * Yield on total assets 362 332 Dividend / interest cost of assets 68 49 Fee & other income 126 126 Operating expense 302 295 Loss Provisions 35 43 Net Income (ROA) after stabilization exp 84 71 Capital Adequacy Net worth / assets 11.0 10.8 Asset Quality * Delinquencies / loans 0.4 0.4 Net chargeoffs / average loans 0.4 0.4 Total borrower-bankruptcies 8 8 Bankruptcies per 1000 members 0.3 0.4 Asset/Liability Management Loans / savings 86.1 83.6 Loans / assets 72.4 70.4 Long-term assets / assets 31.0 31.3 Core deposits/shares & borrowings 48.8 48.8 Productivity Members / potential members 4.9 4.7 Borrowers / members 60.5 59.8 Members / FTE 412 412 Average shares / members ($) 11,176 11,096 Average loan balances ($) 15,887 15,507 Salary & Benefits / FTE 81,937 79,100 * 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.