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MidQuarterYear 2017Third2018OregonOregonOregonFirst Quarter 2017Prepared 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 Type13.9813.1911.059.87 .944.7660-month new 48-month used Unsecured loan5-year15-year fixed 30-year fixed Home equity /car (A paper) car (A paper)(A paper)adjustable raterate 1strate 1st2nd mtg, 80%1st mortgage, 0 mortgage, 0 pts mortgage, 0 ptsLTV 0 ptsptsOregon Credit UnionsOregon BanksCredit card rewardsCredit card platinum
Savings Product Comparative Interest Rates (%)by Savings Account Type0.47Retirement (IRA) accounts0.360.781 Year certificate 10,000 balance0.540.16Money market accounts0.180.07Share draft checking, 5,000 balance0.070.08Regular savings, 1,000 balance0.13Oregon Credit UnionsOregon Banks
Comparative Feesby Type 1,361.00 1,151.00 28.53 31.46Share draft checking, NSF fee 24.56 34.18Credit cards, late feeOregon Credit UnionsOregon BanksMortgages, closing costs
OregonCredit Union and Banking InstitutionSeptember 2018 Average Interest Rates and FeesLoan Products60-month new car (A paper)48-month used car (A paper)Unsecured loan (A paper)5-year adjustable rate 1st mortgage, 0 pts15-year fixed rate 1st mortgage, 0 pts30-year fixed rate 1st mortgage, 0 ptsHome equity / 2nd mtg, 80% LTV 0 ptsCredit card - rewardsCredit card - platinumSavings ProductsRegular savings, 1,000 balanceShare draft checking, 5,000 balanceMoney market accounts1 Year certificate 10,000 balanceRetirement (IRA) accountsFee IncomeShare draft checking, NSF feeCredit cards, late feeMortgages, closing costsSource: DatatracAverage Rate atCredit Unions (%)3.663.709.874.164.404.855.4611.059.55Average Rateat Banks (%)4.524.9510.114.124.354.765.9413.9813.19Rate Differencevs. Banks .240.11 28.53 24.56 1,151.00 31.46 34.18 1,361.00- 2.92- 9.62- 210.00
State Credit Union's Total Loan Rate BenefitsCompared to State Banking Institutionsby Loan Type 41,391,152 28,161,134 21,769,051 7,219,170 734,667- 848,881New car loansUsed car loans- 859,946- 2,141,892Personal unsecured 5-year adjustable 15-year fixed rate 30-year fixed rate Home equity / 2ndloansrate 1st mortgage1st mortgage1st mortgagemortgage loansCredit cards
State Credit Union's Total Savings Dividend BenefitsCompared to State Banking Institutionsby Account Type 4,749,302 1,178,794- 34,258- 1,429,348- 3,135,873Regular sharesShare draft checkingMoney market accountsCertificate accountsRetirement (IRA) accounts
Estimated Financial Benefits for Oregon Credit UnionsSeptember 2018Avg. BalanceatLoansNew car loansUsed car loansPersonal unsecured loans5-year adjustable rate 1st mortgage15-year fixed rate 1st mortgage30-year fixed rate 1st mortgageHome equity / 2nd mortgage loansCredit cardsInterest rebatesCredit Unions 727RateDifferencevs. OregonBanks (%) (2)-0.86-1.25-0.250.040.050.09-0.49-2.93Total CU member benefits arising from lower interest rates on loan products:TotalFinancial Benefitto YourMembers 28,161,134 41,391,152 734,667- 848,881- 859,946- 2,141,892 7,219,170 21,769,051 0 95,424,455SavingsRegular sharesShare draft checkingMoney market accountsCertificate accountsRetirement (IRA) 46,435,1781,071,631,279-0.040.00-0.020.240.11Bonus dividends in periodTotal CU member benefit arising from higher interest rates on savings products:- 3,135,873- 34,258- 1,429,348 4,749,302 1,178,794 0 1,328,617Fee IncomeTotal CU member benefit arising from fewer / lower fees: 17,606,228Total CU member benefit arising from interest rates on loans, savings products and lower fees: 114,359,301Total CU member benefit / member:Total CU member benefit / member household:Source: Datatrac, NCUA, and CUNA(1) Average balance as of September 2018 and September 2017, according to the NCUA call report.; (2) Source for rates and fees: Datatrac; 63 132
Oregon Credit UnionPerformance ProfileDemographic InformationNumber of branchesTotal assets ( mil)Total loans ( mil)Total surplus funds ( mil)Total savings ( mil)Total members (thousands)Sep 1829723,23117,1155,21020,1021,868Sep 1729322,06515,9425,27719,3071,772Growth Rates (Trailing 12 months) *Total assetsTotal loansTotal surplus fundsTotal savingsTotal Earnings - Basis Pts. *Yield on total assetsDividend / interest cost of assetsFee & other incomeOperating expenseLoss ProvisionsNet Income (ROA) after stabilization 23Capital AdequacyNet worth / assetsAsset Quality *Delinquencies / loansNet chargeoffs / average loansTotal borrower-bankruptciesBankruptcies per 1000 membersAsset/Liability ManagementLoans / savingsLoans / assetsLong-term assets / assetsCore deposits/shares & borrowingsProductivityMembers / potential membersBorrowers / membersMembers / FTEAverage shares / members ( )Average loan balances ( )Salary & Benefits / FTE* 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.
Credit card - rewards Credit card - platinum Oregon Credit Unions Oregon Banks Loan Product Comparative Interest Rates (%) by Loan Type. 0.13 0.07 0.18 0.54 0.36 0.08 0.07 0.16 0.78 0.47 Regular savings, 1
