Source: Datatrac, NCUA, and CUNA. (1)Assumes 1.9 credit union members per household.
Loan Product Comparative Interest Rates (%) By Loan Type 15.85
11.77
11.25 10.56
9.68 9.59
4.18
3.64 2.78
60-month new car (A paper)
2.86
48-month used car (A paper)
4.13 4.11 2.94 2.87
3.98
4.39
3.37 3.27
Unsecured loan 5-year adjustable 15-year fixed rate 30-year fixed rate Home equity / (A paper) rate 1st 1st mortgage, 0 1st mortgage, 0 2nd mtg, 80% LTV mortgage, 0 pts pts pts 0 pts
Alabama Credit Unions
Alabama Banks
Credit card classic
Credit card - gold
Savings Products Comparative Interest Rates(%) By Savings Account Type 0.35 Retirement (IRA) accounts
0.21
0.49 1 Year certificate $10,000 balance
0.32
0.20 Money market accounts
0.11
0.37 Share draft checking, $5,000 balance
0.19
0.22 Regular savings, $1,000 balance
0.09
Alabama Credit Unions
Alabama Banks
Comparative Fees By Type $1,361.00
$1,151.00
$27.67
$33.21
Share draft checking, NSF fee
$24.56
$34.18
Credit cards, late fee
Alabama Credit Unions
Mortgages, closing costs
Alabama Banks
Alabama Credit Union and Banking Instituion Mid-Year 2014 Average Interest Rates and Fees Loan Products 60-month new car (A paper) 48-month used car (A paper) Unsecured loan (A paper) 5-year adjustable rate 1st mortgage, 0 pts 15-year fixed rate 1st mortgage, 0 pts 30-year fixed rate 1st mortgage, 0 pts Home equity / 2nd mtg, 80% LTV 0 pts Credit card - classic Credit card - gold
Average Rate at Credit Unions (%)
Average Rate at Banks (%)
Rate Difference vs. Banks (%)
2.78 2.86 9.68 2.94 3.37 4.13 3.98 11.77 10.56
3.64 4.18 9.59 2.87 3.27 4.11 4.39 15.85 11.25
-0.87 -1.31 0.09 0.07 0.10 0.02 -0.42 -4.08 -0.69
0.22 0.37 0.20 0.49 0.35
0.09 0.19 0.11 0.32 0.21
0.13 0.18 0.09 0.18 0.13
$27.67 $24.56 $1,151.00
$33.21 $34.18 $1,361.00
-$5.55 -$9.62 -$210.00
Savings Products Regular savings, $1,000 balance Share draft checking, $5,000 balance Money market accounts 1 Year certificate $10,000 balance Retirement (IRA) accounts
Fee Income Share draft checking, NSF fee Credit cards, late fee Mortgages, closing costs Source: Informa Research Services
State Credit Unions' Total Loan Rate Benefits Compared to State Banking Institutions by Loan Type $29,118,765
$15,480,555
$5,850,744 $2,158,871 -$1,030,014 -$417,699
New car loans
Used car loans
Personal unsecured 5-year adjustable loans rate 1st mortgage
-$1,226,811 15-year fixed rate 1st mortgage
-$135,897
30-year fixed rate Home equity / 2nd 1st mortgage mortgage loans
Credit cards
State Credit Unions' Total Savings Dividend Benefits Compared to State Banking Institutions by Account Type $9,203,242
$5,395,060
$3,225,825 $2,392,153
$2,150,877
Regular shares
Share draft checking
Money market accounts
Certificate accounts
Retirement (IRA) accounts
Estimated Financial Benefits for Alabama Credit Unions Mid-Year 2014
Loans
Avg. Balance at
Rate Difference vs. Alabama
Total Financial Benefit to Your
Credit Unions (1)
Banks (%) (2)
Members
New car loans 675,605,493 Used car loans 2,216,039,931 Personal unsecured loans 491,410,651 5-year adjustable rate 1st mortgage 1,391,910,493 15-year fixed rate 1st mortgage 1,179,626,102 30-year fixed rate 1st mortgage 543,586,915 Home equity / 2nd mortgage loans 518,959,417 Credit cards 478,903,476 Interest rebates in period Total CU member benefits arising from lower interest rates on loan products:
-0.87 -1.31 0.09 0.07 0.10 0.02 -0.42 -4.08
$5,850,744 $29,118,765 -$417,699 -$1,030,014 -$1,226,811 -$135,897 $2,158,871 $15,480,555 $63,534 $49,862,048
0.13 0.18 0.09 0.18 0.13
$9,203,242 $3,225,825 $2,150,877 $5,395,060 $2,392,153
Savings Regular shares Share draft checking Money market accounts Certificate accounts Retirement (IRA) accounts
7,050,591,248 1,835,363,156 2,440,711,974 3,039,104,785 1,801,005,911
Bonus dividends in period Total CU member benefit arising from higher interest rates on saving products:
$0 $22,367,158
Fee Income Total CU member benefit arising from fewer/lower fees:
$34,293,966
Total CU member benefit arising from interest rates on loan and savings products and lower fees:
$106,523,172
Total CU member benefit / member: Total CU member benefit / member household:
Source: Datatrac, NCUA, and CUNA (1) Average balance as of June 2014 and June 2013, according to the NCUA call report.; (2) Source for rates and fees: Informa Research Services;
$57 $108
Alabama Performance Profile Demographic Information Number of branches Total assets ($ mil) Total loans ($ mil) Total surplus funds ($ mil) Total savings ($ mil) Total members (thousands)
Jun 14 435 18,844 8,351 9,619 16,508 1,903
Jun 13 425 18,332 7,830 9,672 16,095 1,863
Growth Rates (Trailing 12 months) * Total assets Total loans Total surplus funds Total savings Total members
2.8 6.7 -0.5 2.6 2.2
Earnings - Basis Pts. * Yield on total assets Dividend/interest cost of assets Fee & other income Operating expense Loss Provisions Net Income (ROA) after stabilization exp
301 53 142 293 21 76
300 61 144 294 23 66
Capital adequacy Net worth / assets
11.4
11.1
1.2 0.5 21 1.3
1.2 0.6 22 1.4
50.6 44.3 40.0 55.3
48.6 42.7 36.6 53.5
7.1 44.0 405 8,676 9,980 56,805
7.1 43.6 409 8,641 9,643 56,461
Asset quality * Delinquencies / loans Net chargeoffs / average loans Total borrower-bankruptcies Bankruptcies per 1000 members Asset/Liability Management Loans / savings Loans / assets Long-term assets / assets Core deposits/shares & borrowings Productivity Members/potential members Borrowers/members Members/FTE Average shares/members ($) Average loan balances ($) Salary & Benefits/FTE
% % % % %
4.2 3.9 4.0 4.3 2.9
% % % % %
* 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.