Mid-Year 2017 2018 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 14.74 11.68 11.22 12.40 9.46 9.90 5.00 2.97 3.06 5.62 3.82 4.32 4.03 4.17 4.76 4.60 5.04 5.75 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 0.39 0.62 1 Year certificate $10,000 balance 0.63 0.99 Money market accounts 0.15 0.25 Share draft checking, $5,000 balance 0.10 0.08 Regular savings, $1,000 balance 0.12 0.16 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 June 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) 2.97 5.00-2.02 48-month used car (A paper) 3.06 5.62-2.57 Unsecured loan (A paper) 9.46 11.68-2.22 5-year adjustable rate 1st mortgage, 0 pts 3.82 4.03-0.21 15-year fixed rate 1st mortgage, 0 pts 4.32 4.17 0.15 30-year fixed rate 1st mortgage, 0 pts 4.76 4.60 0.17 Home equity / 2nd mtg, 80% LTV 0 pts 5.04 5.75-0.71 Credit card - rewards 11.22 14.74-3.52 Credit card - platinum 9.90 12.40-2.51 Savings Products Regular savings, $1,000 balance 0.16 0.12 0.04 Share draft checking, $5,000 balance 0.10 0.08 0.02 Money market accounts 0.25 0.15 0.09 1 Year certificate $10,000 balance 0.99 0.63 0.36 Retirement (IRA) accounts 0.62 0.39 0.23 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 $538,451,148 $373,424,493 $186,639,157 $78,610,554 $60,592,653 $75,882,122 -$12,025,585 -$43,214,410 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 $95,905,100 $38,303,868 $23,630,201 $20,109,144 $4,393,923 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 18,468,075,825-2.02 $373,424,493 Used car loans 20,975,892,033-2.57 $538,451,148 Personal unsecured loans 3,544,208,934-2.22 $78,610,554 5-year adjustable rate 1st mortgage 28,314,323,661-0.21 $60,592,653 15-year fixed rate 1st mortgage 8,125,395,112 0.15 -$12,025,585 30-year fixed rate 1st mortgage 26,190,551,302 0.17 -$43,214,410 Home equity / 2nd mortgage loans 10,717,813,807-0.71 $75,882,122 Credit cards 5,716,360,090-3.52 $186,639,157 Interest rebates $3,324 Total CU member benefits arising from lower interest rates on loan products: $1,258,363,457 Savings Regular shares 60,590,259,376 0.04 $23,630,201 Share draft checking 21,969,615,031 0.02 $4,393,923 Money market accounts 41,634,639,068 0.09 $38,303,868 Certificate accounts 26,566,509,604 0.36 $95,905,100 Retirement (IRA) accounts 8,878,209,068 0.23 $20,109,144 Bonus dividends in period $0 Total CU member benefit arising from higher interest rates on savings products: $182,342,235 Fee Income Estimated Financial Benefits for California Credit Unions June 2018 Total CU member benefit arising from fewer / lower fees: $93,879,756 Total CU member benefit arising from interest rates on loans, savings products and lower fees: $1,534,585,448 Total CU member benefit / member: $133 Total CU member benefit / member household: $279 Source: Datatrac, NCUA, and CUNA (1) Average balance as of June 2018 and June 2017, according to the NCUA call report.; (2) Source for rates and fees: Datatrac;
California Credit Union Performance Profile Demographic Information Jun 18 Jun 17 Number of branches 1,609 1,588 Total assets ($ mil) 197,059 185,834 Total loans ($ mil) 132,931 119,286 Total surplus funds ($ mil) 57,278 60,547 Total savings ($ mil) 166,360 157,425 Total members (thousands) 11,850 11,257 Growth Rates (Trailing 12 months) * Total assets 6.3 % 10.2 % Total loans 11.7 % 14.2 % Total surplus funds -5.1 % 4.1 % Total savings 6.0 % 10.5 % Total members 5.7 % 6.6 % Earnings - Basis Pts. * Yield on total assets 333 314 Dividend / interest cost of assets 55 48 Fee & other income 109 102 Operating expense 269 268 Loss Provisions 26 22 Net Income (ROA) after stabilization exp 93 77 Capital Adequacy Net worth / assets 11.1 10.9 Asset Quality * Delinquencies / loans 0.4 0.4 Net chargeoffs / average loans 0.4 0.3 Total borrower-bankruptcies 23 22 Bankruptcies per 1000 members 0.6 0.6 Asset/Liability Management Loans / savings 79.9 75.8 Loans / assets 67.5 64.2 Long-term assets / assets 37.6 36.8 Core deposits/shares & borrowings 50.5 49.9 Productivity Members / potential members 3.6 3.5 Borrowers / members 55.1 54.7 Members / FTE 398 391 Average shares / members ($) 14,039 13,984 Average loan balances ($) 20,347 19,364 Salary & Benefits / FTE 92,368 88,998 * 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.