First Mid Quarter Year 2017 2018 Texas Texas 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 14.71 10.76 11.51 8.76 9.29 9.41 4.87 5.54 4.23 3.93 4.12 4.08 4.64 4.74 4.48 5.66 2.96 3.03 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 Texas Credit Unions Texas Banks
Savings Product Comparative Interest Rates (%) by Savings Account Type Retirement (IRA) accounts 0.43 0.63 1 Year certificate $10,000 balance 0.70 1.00 Money market accounts 0.16 0.26 Share draft checking, $5,000 balance 0.12 0.11 Regular savings, $1,000 balance 0.15 0.20 Texas Credit Unions Texas Banks
Comparative Fees by Type $1,361.00 $1,151.00 $27.57 $30.17 $24.56 $34.18 Share draft checking, NSF fee Credit cards, late fee Mortgages, closing costs Texas Credit Unions Texas Banks
Texas 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) 2.96 4.87-1.91 48-month used car (A paper) 3.03 5.54-2.51 Unsecured loan (A paper) 8.76 9.29-0.53 5-year adjustable rate 1st mortgage, 0 pts 3.93 4.23-0.30 15-year fixed rate 1st mortgage, 0 pts 4.12 4.08 0.04 30-year fixed rate 1st mortgage, 0 pts 4.64 4.48 0.17 Home equity / 2nd mtg, 80% LTV 0 pts 4.74 5.66-0.92 Credit card - rewards 10.76 14.71-3.95 Credit card - platinum 9.41 11.51-2.11 Savings Products Regular savings, $1,000 balance 0.20 0.15 0.04 Share draft checking, $5,000 balance 0.12 0.11 0.01 Money market accounts 0.26 0.16 0.10 1 Year certificate $10,000 balance 1.00 0.70 0.30 Retirement (IRA) accounts 0.63 0.43 0.20 Fee Income Share draft checking, NSF fee $27.57 $30.17 -$2.61 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 $506,956,522 $298,827,764 $96,892,748 $20,818,063 $16,434,991 $24,797,271 -$3,252,189 -$12,845,120 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 $50,987,148 $14,084,188 $14,199,944 $10,539,147 $1,106,834 Regular shares Share draft checking Money market accounts Certificate accounts Retirement (IRA) accounts
Rate Total Avg. Balance Difference Financial Benefit at vs. Texas to Your Loans Credit Unions (1) Banks (%) (2) Members New car loans 15,653,628,285-1.91 $298,827,764 Used car loans 20,189,427,417-2.51 $506,956,522 Personal unsecured loans 3,965,345,244-0.53 $20,818,063 5-year adjustable rate 1st mortgage 5,552,361,793-0.30 $16,434,991 15-year fixed rate 1st mortgage 7,391,337,973 0.04 -$3,252,189 30-year fixed rate 1st mortgage 7,784,921,270 0.17 -$12,845,120 Home equity / 2nd mortgage loans 2,689,508,738-0.92 $24,797,271 Credit cards 2,778,485,853-3.95 $96,892,748 Interest rebates $1,433,672 Total CU member benefits arising from lower interest rates on loan products: $950,063,721 Savings Regular shares 32,009,517,655 0.04 $14,084,188 Share draft checking 15,811,913,084 0.01 $1,106,834 Money market accounts 13,786,353,599 0.10 $14,199,944 Certificate accounts 17,109,781,187 0.30 $50,987,148 Retirement (IRA) accounts 5,256,432,486 0.20 $10,539,147 Bonus dividends in period $0 Total CU member benefit arising from higher interest rates on savings products: $90,917,261 Fee Income Estimated Financial Benefits for Texas Credit Unions March 2018 Total CU member benefit arising from fewer / lower fees: $122,770,990 Total CU member benefit arising from interest rates on loans, savings products and lower fees: $1,163,751,972 Total CU member benefit / member: $134 Total CU member benefit / member household: $281 Source: Datatrac, NCUA, and CUNA (1) Average balance as of March 2018 and March 2017, according to the NCUA call report.; (2) Source for rates and fees: Datatrac;
Texas Credit Union Performance Profile Demographic Information Mar 18 Mar 17 Number of branches 1,661 1,655 Total assets ($ mil) 103,006 98,125 Total loans ($ mil) 74,098 68,835 Total surplus funds ($ mil) 24,463 25,101 Total savings ($ mil) 88,646 84,223 Total members (thousands) 8,856 8,563 Growth Rates (Trailing 12 months) * Total assets 5.3 % 5.8 % Total loans 7.9 % 7.6 % Total surplus funds -2.1 % 1.4 % Total savings 5.6 % 5.6 % Total members 3.9 % 2.1 % Earnings - Basis Pts. * Yield on total assets 362 345 Dividend / interest cost of assets 62 54 Fee & other income 170 152 Operating expense 340 337 Loss Provisions 48 59 Net Income (ROA) after stabilization exp 82 49 Capital Adequacy Net worth / assets 10.4 10.2 Asset Quality * Delinquencies / loans 0.6 0.7 Net chargeoffs / average loans 0.7 0.7 Total borrower-bankruptcies 6 8 Bankruptcies per 1000 members 0.3 0.5 Asset/Liability Management Loans / savings 83.6 81.7 Loans / assets 71.9 70.1 Long-term assets / assets 28.3 28.7 Core deposits/shares & borrowings 55.4 53.2 Productivity Members / potential members 5.2 5.6 Borrowers / members 59.0 58.2 Members / FTE 368 363 Average shares / members ($) 10,009 9,835 Average loan balances ($) 14,181 13,815 Salary & Benefits / FTE 72,706 69,722 * 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.