Year-End Mid 2017 California California 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 13.87 11.40 10.97 11.37 9.43 9.71 4.95 2.73 2.81 5.49 3.52 3.71 3.66 3.62 4.17 4.19 4.73 5.45 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 California Credit Unions California Banks
Savings Product Comparative Interest Rates (%) by Savings Account Type Retirement (IRA) accounts 0.31 0.45 1 Year certificate $10,000 balance 0.49 0.71 Money market accounts 0.13 0.19 Share draft checking, $5,000 balance 0.08 0.10 Regular savings, $1,000 balance 0.10 0.14 California Credit Unions California Banks
Comparative Fees by Type $1,361.00 $1,151.00 $28.23 $29.71 $24.56 $34.18 Share draft checking, NSF fee Credit cards, late fee Mortgages, closing costs California Credit Unions California Banks
California 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) 2.73 4.95-2.22 48-month used car (A paper) 2.81 5.49-2.67 Unsecured loan (A paper) 9.43 11.40-1.97 5-year adjustable rate 1st mortgage, 0 pts 3.52 3.71-0.19 15-year fixed rate 1st mortgage, 0 pts 3.66 3.62 0.04 30-year fixed rate 1st mortgage, 0 pts 4.17 4.19-0.01 Home equity / 2nd mtg, 80% LTV 0 pts 4.73 5.45-0.71 Credit card - rewards 10.97 13.87-2.91 Credit card - platinum 9.71 11.37-1.66 Savings Products Regular savings, $1,000 balance 0.14 0.10 0.04 Share draft checking, $5,000 balance 0.10 0.08 0.02 Money market accounts 0.19 0.13 0.06 1 Year certificate $10,000 balance 0.71 0.49 0.23 Retirement (IRA) accounts 0.45 0.31 0.14 Fee Income Share draft checking, NSF fee $28.23 $29.71 -$1.48 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 $520,345,340 $378,687,260 $148,170,315 $67,492,880 $50,748,711 $73,636,206 $3,669,464 -$3,192,682 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 $58,127,357 $19,898,233 $23,553,955 $12,601,159 $3,724,797 Regular shares Share draft checking Money market accounts Certificate accounts Retirement (IRA) accounts
Rate Total Avg. Balance Difference Financial Benefit at vs. California to Your Loans Credit Unions (1) Banks (%) (2) Members New car loans 17,027,304,849-2.22 $378,687,260 Used car loans 19,474,002,242-2.67 $520,345,340 Personal unsecured loans 3,431,259,764-1.97 $67,492,880 5-year adjustable rate 1st mortgage 26,570,005,845-0.19 $50,748,711 15-year fixed rate 1st mortgage 8,186,363,557 0.04 -$3,192,682 30-year fixed rate 1st mortgage 24,463,095,399-0.01 $3,669,464 Home equity / 2nd mortgage loans 10,327,658,645-0.71 $73,636,206 Credit cards 5,714,242,764-2.91 $148,170,315 Interest rebates $906,522 Total CU member benefits arising from lower interest rates on loan products: $1,240,464,016 Savings Regular shares 56,852,094,157 0.04 $19,898,233 Share draft checking 20,693,315,895 0.02 $3,724,797 Money market accounts 40,610,267,083 0.06 $23,553,955 Certificate accounts 25,606,765,031 0.23 $58,127,357 Retirement (IRA) accounts 8,842,918,352 0.14 $12,601,159 Bonus dividends in period $0 Total CU member benefit arising from higher interest rates on savings products: $117,905,500 Fee Income Estimated Financial Benefits for California Credit Unions December 2017 Total CU member benefit arising from fewer / lower fees: $89,941,782 Total CU member benefit arising from interest rates on loans, savings products and lower fees: $1,448,311,298 Total CU member benefit / member: $129 Total CU member benefit / member household: $271 Source: Datatrac, NCUA, and CUNA (1) Average balance as of December 2017 and December 2016, according to the NCUA call report.; (2) Source for rates and fees: Datatrac;
California Credit Union Performance Profile Demographic Information Dec 17 Dec 16 Number of branches 1,602 1,581 Total assets ($ mil) 189,655 176,730 Total loans ($ mil) 126,644 112,688 Total surplus funds ($ mil) 56,118 57,707 Total savings ($ mil) 160,616 150,326 Total members (thousands) 11,585 10,981 Growth Rates (Trailing 12 months) * Total assets 8.7 % 9.0 % Total loans 13.8 % 13.6 % Total surplus funds -1.6 % 0.7 % Total savings 8.2 % 9.4 % Total members 7.0 % 5.5 % Earnings - Basis Pts. * Yield on total assets 324 308 Dividend / interest cost of assets 52 44 Fee & other income 105 112 Operating expense 270 275 Loss Provisions 26 19 Net Income (ROA) after stabilization exp 80 82 Capital Adequacy Net worth / assets 11.0 11.0 Asset Quality * Delinquencies / loans 0.5 0.5 Net chargeoffs / average loans 0.3 0.3 Total borrower-bankruptcies 41 42 Bankruptcies per 1000 members 1.1 1.3 Asset/Liability Management Loans / savings 78.8 75.0 Loans / assets 66.8 63.8 Long-term assets / assets 36.9 36.1 Core deposits/shares & borrowings 49.9 49.3 Productivity Members / potential members 3.6 3.8 Borrowers / members 55.3 53.8 Members / FTE 396 390 Average shares / members ($) 13,865 13,689 Average loan balances ($) 19,784 19,058 Salary & Benefits / FTE 88,247 86,119 * 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.