Year-End Mid 2017 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 12.99 10.90 11.28 9.36 9.14 9.08 4.45 3.09 3.08 4.72 3.82 3.57 3.54 3.61 4.12 4.13 4.38 5.20 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 0.31 0.53 1 Year certificate $10,000 balance 0.51 0.77 Money market accounts 0.10 0.30 Share draft checking, $5,000 balance 0.07 0.10 Regular savings, $1,000 balance 0.13 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 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) 3.09 4.45-1.36 48-month used car (A paper) 3.08 4.72-1.65 Unsecured loan (A paper) 9.36 9.14 0.22 5-year adjustable rate 1st mortgage, 0 pts 3.57 3.82-0.25 15-year fixed rate 1st mortgage, 0 pts 3.54 3.61-0.07 30-year fixed rate 1st mortgage, 0 pts 4.12 4.13-0.01 Home equity / 2nd mtg, 80% LTV 0 pts 4.38 5.20-0.83 Credit card - rewards 10.90 12.99-2.08 Credit card - platinum 9.08 11.28-2.19 Savings Products Regular savings, $1,000 balance 0.13 0.11 0.02 Share draft checking, $5,000 balance 0.10 0.07 0.03 Money market accounts 0.30 0.10 0.19 1 Year certificate $10,000 balance 0.77 0.51 0.25 Retirement (IRA) accounts 0.53 0.31 0.22 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 $71,762,501 $33,532,026 $18,604,589 $11,425,043 $3,983,790 $1,047,839 $477,555 -$740,025 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 $10,091,311 $9,283,120 $2,204,458 $1,133,142 $1,044,608 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 2,460,163,343-1.36 $33,532,026 Used car loans 4,359,811,741-1.65 $71,762,501 Personal unsecured loans 336,374,829 0.22 -$740,025 5-year adjustable rate 1st mortgage 1,606,366,959-0.25 $3,983,790 15-year fixed rate 1st mortgage 1,563,939,279-0.07 $1,047,839 30-year fixed rate 1st mortgage 3,183,697,613-0.01 $477,555 Home equity / 2nd mortgage loans 2,246,930,987-0.83 $18,604,589 Credit cards 541,150,652-2.08 $11,425,043 Interest rebates $121,119 Total CU member benefits arising from lower interest rates on loan products: $140,214,438 Savings Regular shares 6,295,232,955 0.02 $1,133,142 Share draft checking 3,264,398,911 0.03 $1,044,608 Money market accounts 5,283,409,004 0.19 $10,091,311 Certificate accounts 3,669,217,330 0.25 $9,283,120 Retirement (IRA) accounts 992,998,882 0.22 $2,204,458 Bonus dividends in period $0 Total CU member benefit arising from higher interest rates on savings products: $23,756,638 Fee Income Estimated Financial Benefits for Colorado Credit Unions December 2017 Total CU member benefit arising from fewer / lower fees: $13,860,883 Total CU member benefit arising from interest rates on loans, savings products and lower fees: $177,831,959 Total CU member benefit / member: $98 Total CU member benefit / member household: $206 Source: Datatrac, NCUA, and CUNA (1) Average balance as of December 2017 and December 2016, according to the NCUA call report.; (2) Source for rates and fees: Datatrac;
Colorado Credit Union Performance Profile Demographic Information Dec 17 Dec 16 Number of branches 290 281 Total assets ($ mil) 24,103 22,525 Total loans ($ mil) 17,952 16,123 Total surplus funds ($ mil) 5,191 5,523 Total savings ($ mil) 20,624 19,107 Total members (thousands) 1,871 1,760 Growth Rates (Trailing 12 months) * Total assets 7.1 % 10.7 % Total loans 11.4 % 14.0 % Total surplus funds -5.7 % 1.3 % Total savings 8.1 % 10.5 % Total members 6.5 % 6.0 % Earnings - Basis Pts. * Yield on total assets 353 335 Dividend / interest cost of assets 55 43 Fee & other income 133 147 Operating expense 304 310 Loss Provisions 36 34 Net Income (ROA) after stabilization exp 90 95 Capital Adequacy Net worth / assets 11.3 11.2 Asset Quality * Delinquencies / loans 0.5 0.5 Net chargeoffs / average loans 0.4 0.5 Total borrower-bankruptcies 31 25 Bankruptcies per 1000 members 1.3 1.2 Asset/Liability Management Loans / savings 87.0 84.4 Loans / assets 74.5 71.6 Long-term assets / assets 31.9 32.1 Core deposits/shares & borrowings 48.0 48.2 Productivity Members / potential members 4.9 5.1 Borrowers / members 60.6 60.2 Members / FTE 413 409 Average shares / members ($) 11,026 10,858 Average loan balances ($) 15,835 15,213 Salary & Benefits / FTE 77,879 77,041 * 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.