Year-End Mid 2017 Maryland Maryland 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 12.87 11.16 11.82 8.96 10.03 9.57 4.63 5.07 3.85 3.57 3.66 3.73 4.17 4.18 4.27 4.82 2.57 2.60 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 Maryland Credit Unions Maryland Banks
Savings Product Comparative Interest Rates (%) by Savings Account Type Retirement (IRA) accounts 0.30 0.57 1 Year certificate $10,000 balance 0.49 0.88 Money market accounts 0.10 0.26 Share draft checking, $5,000 balance 0.07 0.21 Regular savings, $1,000 balance 0.10 0.16 Maryland Credit Unions Maryland Banks
Comparative Fees by Type $1,361.00 $1,151.00 $28.00 $34.89 $24.56 $34.18 Share draft checking, NSF fee Credit cards, late fee Mortgages, closing costs Maryland Credit Unions Maryland Banks
Maryland 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) 2.57 4.63-2.06 48-month used car (A paper) 2.60 5.07-2.46 Unsecured loan (A paper) 8.96 11.16-2.20 5-year adjustable rate 1st mortgage, 0 pts 3.57 3.85-0.29 15-year fixed rate 1st mortgage, 0 pts 3.66 3.73-0.07 30-year fixed rate 1st mortgage, 0 pts 4.17 4.18-0.01 Home equity / 2nd mtg, 80% LTV 0 pts 4.27 4.82-0.55 Credit card - rewards 10.03 12.87-2.84 Credit card - platinum 9.57 11.82-2.25 Savings Products Regular savings, $1,000 balance 0.16 0.10 0.05 Share draft checking, $5,000 balance 0.21 0.07 0.14 Money market accounts 0.26 0.10 0.15 1 Year certificate $10,000 balance 0.88 0.49 0.39 Retirement (IRA) accounts 0.57 0.30 0.27 Fee Income Share draft checking, NSF fee $28.00 $34.89 -$6.89 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 $73,238,361 $47,122,115 $31,705,064 $19,310,208 $12,901,024 $6,171,815 $871,088 $305,356 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 $13,808,023 $4,047,399 $4,653,058 $4,877,885 $3,751,847 Regular shares Share draft checking Money market accounts Certificate accounts Retirement (IRA) accounts
Rate Total Avg. Balance Difference Financial Benefit at vs. Maryland to Your Loans Credit Unions (1) Banks (%) (2) Members New car loans 2,287,481,322-2.06 $47,122,115 Used car loans 2,972,336,068-2.46 $73,238,361 Personal unsecured loans 878,135,896-2.20 $19,310,208 5-year adjustable rate 1st mortgage 2,165,549,183-0.29 $6,171,815 15-year fixed rate 1st mortgage 1,262,446,072-0.07 $871,088 30-year fixed rate 1st mortgage 2,348,894,175-0.01 $305,356 Home equity / 2nd mortgage loans 2,345,640,745-0.55 $12,901,024 Credit cards 1,176,876,896-2.84 $31,705,064 Interest rebates $615,599 Total CU member benefits arising from lower interest rates on loan products: $192,240,630 Savings Regular shares 7,936,075,661 0.05 $4,047,399 Share draft checking 3,371,781,170 0.14 $4,653,058 Money market accounts 3,188,160,098 0.15 $4,877,885 Certificate accounts 3,549,620,414 0.39 $13,808,023 Retirement (IRA) accounts 1,384,445,234 0.27 $3,751,847 Bonus dividends in period $0 Total CU member benefit arising from higher interest rates on savings products: $31,138,212 Fee Income Estimated Financial Benefits for Maryland Credit Unions December 2017 Total CU member benefit arising from fewer / lower fees: $39,441,358 Total CU member benefit arising from interest rates on loans, savings products and lower fees: $262,820,199 Total CU member benefit / member: $142 Total CU member benefit / member household: $297 Source: Datatrac, NCUA, and CUNA (1) Average balance as of December 2017 and December 2016, according to the NCUA call report.; (2) Source for rates and fees: Datatrac;
Maryland Credit Union Performance Profile Demographic Information Dec 17 Dec 16 Number of branches 308 306 Total assets ($ mil) 23,630 23,008 Total loans ($ mil) 16,709 15,244 Total surplus funds ($ mil) 5,978 6,858 Total savings ($ mil) 20,394 19,763 Total members (thousands) 1,881 1,855 Growth Rates (Trailing 12 months) * Total assets 3.6 % 7.9 % Total loans 10.3 % 14.4 % Total surplus funds -11.7 % -4.5 % Total savings 4.1 % 7.6 % Total members 2.7 % 3.4 % Earnings - Basis Pts. * Yield on total assets 347 327 Dividend / interest cost of assets 48 40 Fee & other income 124 126 Operating expense 320 324 Loss Provisions 53 40 Net Income (ROA) after stabilization exp 50 49 Capital Adequacy Net worth / assets 11.0 10.9 Asset Quality * Delinquencies / loans 1.0 1.0 Net chargeoffs / average loans 0.6 0.5 Total borrower-bankruptcies 43 35 Bankruptcies per 1000 members 1.9 1.7 Asset/Liability Management Loans / savings 81.9 77.1 Loans / assets 70.7 66.3 Long-term assets / assets 27.4 27.2 Core deposits/shares & borrowings 56.7 56.2 Productivity Members / potential members 9.6 9.6 Borrowers / members 59.6 55.4 Members / FTE 422 412 Average shares / members ($) 10,843 10,653 Average loan balances ($) 14,911 14,828 Salary & Benefits / FTE 82,108 78,772 * 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.