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 10.59
11.25 10.56
9.21
4.38
3.98 2.54
60-month new car (A paper)
2.78
48-month used car (A paper)
4.17 4.14 2.90 2.87
4.14
4.57
3.29 3.31
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
Florida Credit Unions
Florida Banks
Credit card classic
Credit card - gold
Savings Products Comparative Interest Rates(%) By Savings Account Type 0.32 Retirement (IRA) accounts
0.20
0.47 1 Year certificate $10,000 balance
0.29
0.17 Money market accounts
0.12
0.52 Share draft checking, $5,000 balance
0.08
0.23 Regular savings, $1,000 balance
0.09
Florida Credit Unions
Florida Banks
Comparative Fees By Type $1,361.00
$1,151.00
$30.67
$31.84
Share draft checking, NSF fee
$24.56
$34.18
Credit cards, late fee
Florida Credit Unions
Mortgages, closing costs
Florida Banks
Florida 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 (%)
2.54 2.78 9.21 2.90 3.29 4.17 4.14 11.77 10.56
3.98 4.38 10.59 2.87 3.31 4.14 4.57 15.85 11.25
-1.44 -1.60 -1.38 0.03 -0.02 0.03 -0.43 -4.08 -0.69
0.23 0.52 0.17 0.47 0.32
0.09 0.08 0.12 0.29 0.20
0.14 0.44 0.05 0.18 0.12
$30.67 $24.56 $1,151.00
$31.84 $34.18 $1,361.00
-$1.17 -$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 $91,556,402
$76,471,396
$56,321,667
$14,183,396
$12,360,270 -$951,325
$647,169 -$1,318,188
New car loans
Used car loans
Personal unsecured 5-year adjustable loans rate 1st mortgage
15-year fixed rate 1st mortgage
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 $26,328,307
$21,689,854
$13,997,425
$4,572,886
Regular shares
Share draft checking
Money market accounts
$4,456,420
Certificate accounts
Retirement (IRA) accounts
Estimated Financial Benefits for Florida Credit Unions Mid-Year 2014
Loans
Avg. Balance at
Rate Difference vs. Florida
Total Financial Benefit to Your
Credit Unions (1)
Banks (%) (2)
Members
New car loans 3,919,392,250 Used car loans 5,711,565,935 Personal unsecured loans 1,028,527,603 5-year adjustable rate 1st mortgage 3,171,084,795 15-year fixed rate 1st mortgage 3,406,150,972 30-year fixed rate 1st mortgage 4,545,477,361 Home equity / 2nd mortgage loans 2,847,988,574 Credit cards 2,365,704,436 Interest rebates in period Total CU member benefits arising from lower interest rates on loan products:
-1.44 -1.60 -1.38 0.03 -0.02 0.03 -0.43 -4.08
$56,321,667 $91,556,402 $14,183,396 -$951,325 $647,169 -$1,318,188 $12,360,270 $76,471,396 $1,286 $249,272,071
0.14 0.44 0.05 0.18 0.12
$21,689,854 $26,328,307 $4,572,886 $13,997,425 $4,456,420
Savings Regular shares Share draft checking Money market accounts Certificate accounts Retirement (IRA) accounts
15,126,606,352 5,944,017,199 8,798,297,045 7,612,807,562 3,779,165,603
Bonus dividends in period Total CU member benefit arising from higher interest rates on saving products:
$0 $71,044,892
Fee Income Total CU member benefit arising from fewer/lower fees:
$44,856,460
Total CU member benefit arising from interest rates on loan and savings products and lower fees:
$365,173,424
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;
$77 $146
Florida Performance Profile Demographic Information Number of branches Total assets ($ mil) Total loans ($ mil) Total surplus funds ($ mil) Total savings ($ mil) Total members (thousands)
Jun 14 940 49,294 29,425 17,647 42,332 4,857
Jun 13 930 47,384 27,071 18,355 41,016 4,655
Growth Rates (Trailing 12 months) * Total assets Total loans Total surplus funds Total savings Total members
4.1 8.7 -3.8 3.2 4.4
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
333 45 177 349 30 84
338 50 189 348 37 93
Capital adequacy Net worth / assets
10.7
10.3
1.3 0.8 32 1.0
1.9 1.1 35 1.2
69.5 59.7 34.8 51.7
66.0 57.1 34.5 49.1
2.9 50.2 364 8,715 12,069 61,582
3.0 48.0 357 8,812 12,125 60,275
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
% % % % %
4.1 6.0 0.8 4.3 -0.2
% % % % %
* 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.