Year-End Mid 2017 Hawaii Hawaii 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 14.15 11.19 9.52 8.83 5.76 6.02 6.32 6.90 2.85 3.01 3.62 3.36 3.58 3.55 4.18 4.02 4.43 4.58 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 Hawaii Credit Unions Hawaii Banks
Savings Product Comparative Interest Rates (%) by Savings Account Type Retirement (IRA) accounts 0.27 0.43 1 Year certificate $10,000 balance 0.34 0.69 Money market accounts 0.17 0.21 Share draft checking, $5,000 balance 0.07 0.12 Regular savings, $1,000 balance 0.14 0.18 Hawaii Credit Unions Hawaii Banks
Comparative Fees by Type $1,361.00 $1,151.00 $24.43 $28.57 $24.56 $34.18 Share draft checking, NSF fee Credit cards, late fee Mortgages, closing costs Hawaii Credit Unions Hawaii Banks
Hawaii 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) 2.85 5.76-2.91 48-month used car (A paper) 3.01 6.02-3.01 Unsecured loan (A paper) 6.32 6.90-0.57 5-year adjustable rate 1st mortgage, 0 pts 3.62 3.36 0.26 15-year fixed rate 1st mortgage, 0 pts 3.58 3.55 0.03 30-year fixed rate 1st mortgage, 0 pts 4.18 4.02 0.17 Home equity / 2nd mtg, 80% LTV 0 pts 4.43 4.58-0.15 Credit card - rewards 9.52 14.15-4.63 Credit card - platinum 8.83 11.19-2.37 Savings Products Regular savings, $1,000 balance 0.14 0.18-0.04 Share draft checking, $5,000 balance 0.12 0.07 0.05 Money market accounts 0.17 0.21-0.04 1 Year certificate $10,000 balance 0.69 0.34 0.34 Retirement (IRA) accounts 0.43 0.27 0.15 Fee Income Share draft checking, NSF fee $24.43 $28.57 -$4.14 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 $14,026,709 $12,375,288 $8,420,649 $5,194,075 $1,345,879 -$87,796 -$1,483,657 -$2,736,793 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 $5,188,248 $704,791 $752,191 -$686,446 -$1,784,091 Regular shares Share draft checking Money market accounts Certificate accounts Retirement (IRA) accounts
Rate Total Avg. Balance Difference Financial Benefit at vs. Hawaii to Your Loans Credit Unions (1) Banks (%) (2) Members New car loans 481,355,829-2.91 $14,026,709 Used car loans 411,002,586-3.01 $12,375,288 Personal unsecured loans 904,891,177-0.57 $5,194,075 5-year adjustable rate 1st mortgage 1,056,676,736 0.26 -$2,736,793 15-year fixed rate 1st mortgage 325,168,931 0.03 -$87,796 30-year fixed rate 1st mortgage 888,417,314 0.17 -$1,483,657 Home equity / 2nd mortgage loans 915,564,139-0.15 $1,345,879 Credit cards 207,405,137-4.63 $8,420,649 Interest rebates $221,927 Total CU member benefits arising from lower interest rates on loan products: $37,276,282 Savings Regular shares 4,460,226,734-0.04 -$1,784,091 Share draft checking 1,409,582,728 0.05 $704,791 Money market accounts 1,806,436,144-0.04 -$686,446 Certificate accounts 1,512,608,871 0.34 $5,188,248 Retirement (IRA) accounts 493,240,150 0.15 $752,191 Bonus dividends in period $0 Total CU member benefit arising from higher interest rates on savings products: $4,174,695 Fee Income Estimated Financial Benefits for Hawaii Credit Unions December 2017 Total CU member benefit arising from fewer / lower fees: $9,288,015 Total CU member benefit arising from interest rates on loans, savings products and lower fees: $50,738,991 Total CU member benefit / member: $58 Total CU member benefit / member household: $122 Source: Datatrac, NCUA, and CUNA (1) Average balance as of December 2017 and December 2016, according to the NCUA call report.; (2) Source for rates and fees: Datatrac;
Hawaii Credit Union Performance Profile Demographic Information Dec 17 Dec 16 Number of branches 170 163 Total assets ($ mil) 11,423 11,091 Total loans ($ mil) 5,610 5,082 Total surplus funds ($ mil) 5,368 5,588 Total savings ($ mil) 10,004 9,732 Total members (thousands) 886 876 Growth Rates (Trailing 12 months) * Total assets 3.7 % 5.1 % Total loans 10.8 % 8.3 % Total surplus funds -3.0 % 2.3 % Total savings 3.5 % 5.0 % Total members 2.1 % 0.5 % Earnings - Basis Pts. * Yield on total assets 305 292 Dividend / interest cost of assets 30 28 Fee & other income 92 92 Operating expense 282 278 Loss Provisions 27 18 Net Income (ROA) after stabilization exp 58 60 Capital Adequacy Net worth / assets 11.5 11.4 Asset Quality * Delinquencies / loans 0.7 0.7 Net chargeoffs / average loans 0.5 0.4 Total borrower-bankruptcies 7 6 Bankruptcies per 1000 members 0.5 0.5 Asset/Liability Management Loans / savings 56.1 52.2 Loans / assets 49.1 45.8 Long-term assets / assets 35.7 35.8 Core deposits/shares & borrowings 60.4 59.2 Productivity Members / potential members 9.3 9.3 Borrowers / members 45.1 43.2 Members / FTE 386 391 Average shares / members ($) 11,297 11,114 Average loan balances ($) 14,037 13,435 Salary & Benefits / FTE 68,454 66,769 * 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.