California Credit Union Profile

Transcription

California Credit Union Profile - California and Nevada Credit Union

Credit Union Quarterly
Performance Report
Third
Quarter 2015
2014
First Quarter
California Credit Union Profile
First Quarter 2015
TABLE OF CONTENTS
KEY DEVELOPMENTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
PERFORMANCE COMPARISONS . . . . . . . . . . . . . . . . . . . . . . . . . 2
EXECUTIVE SUMMARY & OUTLOOK . . . . . . . . . . . . . . . . . . . . . 3
RECENT ECONOMIC DEVELOPMENTS . . . . . . . . . . . . . . . . . . . 3
CREDIT UNION RESULTS
Growth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
Risk Exposure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
Earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
Capital Adequacy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
SPECIAL FOCUS:
Business Startups and CU Business Lending - on the Rise . . . . . . . . 11
DATA TABLES
Overview: State Trends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Overview: State Results by Asset Size . . . . . . . . . . . . . . . . . . . . . . . . . . 14
Overview: National Results by Asset Size . . . . . . . . . . . . . . . . . . . . . . . 15
Portfolio Detail: State Trends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
Portfolio Detail: State Results by Asset Size . . . . . . . . . . . . . . . . . . . . . 17
Portfolio Detail: National Results by Asset Size . . . . . . . . . . . . . . . . . . 18
State Quarterly Trends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
Bank Comparisons . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
State Leaders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
State Milestones . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
Mergers/Liquidations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
Financial Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
CUNA ECONOMICS & STATISTICS
ii
FIRST QUARTER 2015
First Quarter 2015
CALIFORNIA CREDIT UNION KEY DEVELOPMENTS
First quarter 2015 financial and operating data reflect further improvement
in California credit union results. Credit unions report strong membership
growth, healthy loan growth, higher asset quality, higher earnings and lofty
capital ratios in the period.
••California credit union memberships increased by 1.1% (4.4% annualized)
in the first quarter of 2015, up from a 1.2% (4.8% annualized) fourth quarter
2014 advance. The 3.0% twelve-month increase in memberships is three times
higher the estimated 1.0% change in California population during the period.
••Despite generally weak first quarter economic results, California credit union
loans grew at healthy rates. Loan growth is normally weak in the first quarter
because members tend to be focused on paying down holiday debts. The
quarterly 2.4% gain in loans (9.6% annualized) was slower than the 3.0%
increase in the fourth quarter of 2014 – but was faster than the 2.2% increase
in the year-ago period (i.e., the first quarter of 2014).
••California credit union loans increased by 14% in the year ending March 2015
– their fastest annual increase since 2001 (when loans increased 16.4%).
••Savings growth is typically strong in the first quarter as tax refunds are
deposited into savings accounts. First quarter 2015 was no exception. Credit
union savings growth in the state was 3.6% in the first quarter (a 14.4%
annualized pace). The quarterly gain was up from 1.6% in the fourth quarter
of 2014 and a bit higher than the 3.4% gain in the year-ago quarter.
••California credit union loan quality improved, with delinquencies falling from
0.63% at year-end 2014 to 0.50% at the end of the first quarter 2015. The
net charge-off rate likewise declined from an annualized 0.39% in the fourth
quarter to an annualized 0.27% in the first quarter of 2015. The delinquency
ratio is at its lowest level since 2006 (when it settled in at 0.47) and the net
charge-off rate now sits at a modern-day low.
••California credit union earnings results were strong with annualized ROA (net
income as a percentage of average assets) of 0.82% in the first quarter – up
from 0.75% in the fourth quarter of 2014 but marginally lower to year-ago
levels. Credit union ROA averaged 0.64% over the past decade.
••Strong earnings and modest asset growth kept the California credit union
aggregate capital ratio close to all-time highs, finishing the first quarter at 11%
- a modest increase compared to the 10.9% year-ago reading.
1
FIRST QUARTER 2015
CaliforniaCredit
Credit Union
Profile
California
Union
Profile
First
Quarter
20152015
First
Quarter
Overview by Year
U.S. CUs
Demographic Information
Number of CUs
Assets per CU ($ mil)
Median assets ($ mil)
Total assets ($ mil)
Total loans ($ mil)
Total surplus funds ($ mil)
Total savings ($ mil)
Total members (thousands)
California CUs
Mar 15
6,331
185.3
25.5
1,172,913
733,985
390,960
997,185
101,207
Mar 15
361
431.8
67.8
155,882
89,700
60,552
132,344
10,180
Growth Rates
Total assets
Total loans
Total surplus funds
Total savings
Total members
% CUs with increasing assets
5.5
10.8
-3.4
4.4
2.9
64.4
6.7
14.0
-2.7
5.6
3.0
72.9
Earnings - Basis Pts.
Yield on total assets
Dividend/interest cost of assets
Net interest margin
Fee & other income *
Operating expense
Loss Provisions
Net Income (ROA) with Stab Exp
Net Income (ROA) without Stab Exp
% CUs with positive ROA
333
51
282
131
308
28
78
78
75.4
298
40
258
110
277
9
82
82
74.8
Capital Adequacy
Net worth/assets
% CUs with NW > 7% of assets
10.8
97.0
11.0
96.4
0.68
0.47
196,320
31.0
1.9
0.50
0.27
15,516
43.0
1.5
73.6
62.6
32.6
15.1
48.2
67.8
57.5
36.5
16.0
47.5
5
54
385
9,853
13,429
0.22
4
50
384
13,000
17,643
0.17
12.5
17.4
31.4
38.7
11.1
10.5
38.5
39.9
Asset Quality
Delinquencies (60+ day $)/loans (%)
Net chargeoffs/average loans
Total borrower-bankruptcies
Bankruptcies per CU
Bankruptcies per 1000 members
Asset/Liability Management
Loans/savings
Loans/assets
Net Long-term assets/assets
Liquid assets/assets
Core deposits/shares & borrowings
Productivity
Members/potential members (%)
Borrowers/members (%)
Members/FTE
Average shares/member ($)
Average loan balance ($)
Employees per million in assets
Structure
Fed CUs w/ single-sponsor
Fed CUs w/ community charter
Other Fed CUs
CUs state chartered
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. US Totals include only credit unions that are
released on the NCUA 5300 Call Report file.
Source: NCUA and CUNA E&S.
2
FIRST QUARTER 2015
First Quarter 2015
Executive Summary
Despite obvious economic challenges, including a
surprising contraction in U.S. GDP growth, first quarter
2015 financial and operating data reflect further improvement in California credit union results. The state’s credit
unions report strong membership growth, healthy loan
growth, higher asset quality, higher earnings and lofty
capital ratios in the period.
Credit union loan growth will undoubtedly regain
momentum as typical seasonal patterns combine with
the improving economic environment to drive healthy,
broad-based advances in loan applications.
While the Federal Reserve now seems very likely
to begin raising short-term interest rates in the second
half of the year, the increases are apt to be modest and
measured. The expected conservative approach away
from historically low rates should not result in any major
disruption in the continuing economic recovery – or in
further improvement in California credit union operating
metrics.
Looking forward, all signs point to a healthy bounceback in economic activity during the remainder of the
year. Labor market gains should continue to impress,
which should translate to higher incomes, higher confidence and higher consumer spending (and borrowing).
RECENT ECONOMIC DEVELOPMENTS
•• The Bureau of Economic Analysis revised its estimate
••
U.S. ECONOMIC GROWTH
of the first quarter GDP growth from an increase of
Annualized Quarterly Changes in GDP
0.2% to a decrease of 0.7% on an annualized rate. The
5.0
4.6
4.5
good news is that the decline in GDP was due pri3.5
marily to transitory factors. Severe winter weather
2.7
2.5
2.2%
2.2
conditions and the labor strike in the West Coast had
1.8
1.6
far-reaching effects on the macro economy. However, a
0.1
strong U.S. dollar also contributed to the slide - sending U.S. exports down by 7.6%. The business sectors’
-0.7
mixed assessment of the path of economic expansion
-2.1
was reflected in a decrease in private domestic invest12Q1
12Q3
13Q1
13Q3
14Q1
14Q3
15Q1
ment, particularly in nonresidential fixed investment,
Source: BEA
which declined by 20.8%. A decrease in state and
local government spending, which was offset by lower
UNEMPLOYMENT RATES
imports—a subtraction in GDP calculation—also contributed to lower first quarter GDP numbers.
6.6% 6.7 6.6 6.2 6.3
6.1 6.2 6.1 5.9 5.7 5.8
5.6 5.7 5.5 5.5 5.4 5.5%
This is the second year in a row with a contraction in
first quarter economic output, though this year’s decline
was not nearly as pronounced as the 2014 slide. And
despite weak first quarter data, there is no evidence that
8.1% 8.0 7.9 7.8 7.6 7.5 7.4 7.4 7.3 7.2 7.2 7.1 7.0 6.7 6.5 6.3%
the sixth year of economic expansion has hit a wall. PerJan. ’14
May ’14
Sept. ’14
Jan. ’15
May ’15
sonal consumption expenditures (PCE) - roughly 70%
CA
U.S.
of GDP - expanded by 1.8% and residential investment
Source: BLS
rose 5% in the first quarter, an indication that the housing market is picking up pace. Recent downward movement of the U.S. dollar also has generated positive impact on trade pushing exports $1.9 billion higher in
April than in March.
3
FIRST QUARTER 2015
First Quarter 2015
•• The economy continues to experience stable per-
••
••
CA UNEMPLOYMENT RATE TRENDS BY MSA
sonal income growth, which increased 0.4% in
April. On a quarterly basis, personal income rose
4.1% in the first quarter, staying within the higher-than-4.0% trend that started in the first quarter
last year. In the aggregate, first quarter personal
income rose to $15.13 trillion, up from $14.98
trillion in the fourth quarter of 2014. Real disposable income—that is, personal income less
personal taxes adjusted for price changes—rose
5.3% in the fourth quarter, to $13.29 trillion. Not
surprisingly, rising personal income fueled consumption. Personal consumption expenditures
increased 1.8% in the first quarter with services
and durable goods consumption rising at 2.5%
and 1.1%, respectively.
Despite uneven monthly jobs data, the economy’s labor utilization continues to rise. In January and February, 201,000 and 266,000 jobs were
added, respectively. March jobs numbers, however, were disappointing with an addition totaling
only 119,000 – which kept the unemployment
rate unchanged at 5.5% in February and March.
Nevertheless, the unemployment rate continued
to fall in the first quarter and the trend continued
in April and May. The total number of jobs added
in the first quarter was 552,000. March was a
one-off dip, reflected in an April addition totaling 221,000, which brought the unemployment
rate down to 5.4%. Although 280,000 jobs were
added in May, the unemployment rate increased
marginally to 5.5%, due mostly to a temporary
increase in the civilian labor force as college students began searching for summer work.
The California unemployment rate has continued on its declining trend recently, reflected in
a sharp 1.5 percentage point slide over the year
ending April 2015. The state’s jobless rate remains nearly a point higher than the U.S. norm,
however. Each of the state’s MSAs report lower
unemployment rates over the past year, with
only one – El Centro – failing to post a decline of
more than one percentage point. Six California
MSAs (Napa, San Diego, San Francisco, San Jose,
San Luis Obispo and Santa Rosa) reflect unemCUNA ECONOMICS & STATISTICS
(Not seasonallly adjusted)
Metropolitan Area
March
2015(%)
March
2014 (%)
Change
(%)
Bakersfield-Delano
11.1%
12.8%
-1.7%
Chico
7.5
9.9
-2.4
El Centro
19.9
20.6
-0.7
Fresno
11.2
13.9
-2.7
Hanford-Corcoran
11.9
14.6
-2.7
Madera-Chowchilla
11.5
13.2
-1.7
Merced
12.9
15.9
-3.0
Modesto
10.4
13.2
-2.8
Napa
4.6
6.4
-1.8
Oxnard-Thousand Oaks-Ventura
5.4
7.1
-1.7
Redding
8.5
11.7
-3.2
Riverside-San Bernardino-Ontario
6.5
8.9
-2.4
Sacramento--Arden-Arcade--Roseville
6.0
8.1
-2.1
Salinas
10.2
12.5
-2.3
San Diego-Carlsbad-San Marcos
5.1
7.1
-2.0
San Francisco-Oakland-Fremont
4.2
5.8
-1.6
San Jose-Sunnyvale-Santa Clara
4.2
6.0
-1.8
San Luis Obispo-Paso Robles
4.6
6.0
-1.4
Santa Cruz-Watsonville
9.2
11.3
-2.1
Santa Rosa-Petaluma
4.6
6.3
-1.7
Stockton
9.5
12.4
-2.9
Vallejo-Fairfield
6.3
8.4
-2.1
Visalia-Porterville
13.2
15.8
-2.6
11.7%
14.9%
-3.2%
Yuba City
Source: BLS
INFLATION RATES — YOY % CHANGE
CPI — All Urban Consumers
1.82
1.94 1.92 1.86
1.75 1.81
1.74 1.74 1.81 1.71
1.61 1.64 1.69
1.97 2.14 2.05 1.98 1.71 1.65 1.65 1.29 0.68 -0.19 -0.07 -0.02-0.11
Apr. ’14
Jun. ’14
Source: BLS
4
FIRST QUARTER 2015
Aug. ’14 Oct. ’14
Headline
Dec. ’14
Core
Feb. ’15
Apr. ’15
First Quarter 2015
••
••
••
ployment rates below the 5.4% U.S. rate.
CA HOME PRICE CHANGES BY MSA
(Not
seasonallly adjusted)
Overall, California added 151,500 jobs
Year Ending
Since 4th
in the first four months of 2015 and over
Metropolitan Area
1st Qtr 2015
Qtr 2007
457,000 in the year ending April. Addition- Anaheim-Santa Ana-Irvine (MSAD)
4.8%
-4.2%
ally, non-farm employment in California is
Bakersfield
5.8%
-24.0%
now 590,000 above pre-recession levels.
Chico
4.6%
-18.3%
The national economy continues to generEl Centro
9.9%
-27.9%
ate both high- and low-wage jobs, adding
Fresno
5.4%
-25.3%
more jobs in the service sector than in the
Hanford-Corcoran
5.9%
-25.6%
goods sector. In May, the service sector
Los Angeles-Long Beach-Glendale (MSAD)
6.4%
-10.2%
added 256,000 jobs while only 6,000 were
Madera
8.4%
-30.1%
added in the goods sector. Within the service Merced
7.9%
-26.7%
sector, more high-wage jobs were added in
Modesto
9.4%
-22.6%
professional and business services (63,000)
Napa
6.5%
-10.1%
and health services (57,700). Retail trade
Oakland-Hayward-Berkeley (MSAD)
8.3%
-1.6%
bounced back adding 31,400 jobs in May –
Oxnard-Thousand Oaks-Ventura
4.6%
-9.6%
up from a 13,300 addition in April. While
Redding
5.1%
-20.7%
leisure and hospitality added only 17,000
Riverside-San Bernardino-Ontario
6.4%
-20.7%
jobs in April— a huge drop from 70,000 in
Sacramento--Roseville--Arden-Arcade
5.9%
-12.4%
February—May’s gain was a healthy 57,000
Salinas
10.1%
-23.1%
increase. Although weak, construction jobs
San Diego-Carlsbad
5.1%
-4.4%
are beginning to come back reflected in
San Francisco-Redwood City-South San Francisco (MSAD)
10.6%
14.0%
gains of 35,000 jobs in April and 17,000 in
San Jose-Sunnyvale-Santa Clara
9.1%
9.3%
May. Those numbers are consistent with the
San Luis Obispo-Paso Robles-Arroyo Grande
6.0%
-7.3%
continuing recovery in the housing market.
San Rafael (MSAD)
7.0%
3.3%
Job creation in the manufacturing sector
Santa Cruz-Watsonville
9.5%
-7.2%
also improved though the recent increases
Santa Maria-Santa Barbara
7.7%
-10.4%
were relatively weak. In all, manufacturing
8.6%
-4.8%
gained 1,000 jobs in April and 7,000 in May. Santa Rosa
Stockton-Lodi
7.7%
-22.0%
The tepid increases reflect a relatively strong
Vallejo-Fairfield
9.5%
-22.2%
dollar that weakened export orders and, by
Visalia-Porterville
5.8%
-25.2%
extension, manufacturing activities. How6.1%
-19.5%
ever, recent data from the Institute of Supply Yuba City
Source:
FHFA
All
Transactions
Index.
NSA.
Management shows that the U.S. manufacturing index rose to 52.8 in May, up from
51.5 in April. A manufacturing index above 50 indicates expansion and should translate to job growth in the
manufacturing sector in the months ahead. Overall, job growth in the goods sector of the economy was positive in both April and May – a welcome turnaround from the decline in March.
Inflation, as measured by the Consumer Price Index (CPI), increased by 0.2% in February and March, and
by 0.1% in April. However, falling energy prices and steady food prices continue to keep a lid on monthly
price movements. According to the Bureau of Labor Statistics, headline CPI fell 0.11% over the year
ending April. In contrast, core inflation, which reflects price changes excluding volatile food and energy
prices, increased 1.8% over the year. Still, inflation remains well below the Federal Reserve Bank’s inflation target of 2.0%.
5
FIRST QUARTER 2015
First Quarter 2015
•• Based on the Congressional Budget Office estimates, the output gap in the first quarter narrowed margin-
••
••
••
ally to 2.6% of GDP from 3.0% in the fourth quarter last year. Although inflationary pressures remain at
bay against the backdrop of an economy heading toward full-employment output it is expected that the
Federal Reserve will follow through with its plan of a rate hike this year as an initial step toward normalizing monetary policy.
The housing market continues to reflect solid improvement despite uneven key housing statistics from the
U.S. Census Bureau in the first quarter. On a seasonally-adjusted basis, building permits fell 5.5% in March
after a 3.7% rise in February. New home sales, which rose 5.3% in January, slowed to 3.3% gain in February
and declined 10% in March. However, April data were higher than the previous months – a sign of brisk
housing market ahead. While existing home sales dropped 3.3% owing to supply constraints, new home
sales rose 6.8% in April. Housing starts increased an eye-popping 20.2% and building permits increased
9.8%. On a quarterly basis, new home sales were up 8.9% in the first quarter of 2015, a bit higher than the
7.5% increase in the fourth quarter of 2014.
According to the Federal Housing Finance Agency, U.S. home prices increased at a 3.2% annualized pace
in the first quarter of 2015 – the eleventh consecutive quarterly price increase. From the first quarter of
2014 to the first quarter of 2015, house prices rose 5.5% nationally, though current price levels remain
5.7% off pre-recession levels. California home price increases slightly lagged the U.S. gain in the first quarter of 2015, reflected in an annualized 2.7% jump. Prices in the state were up 6.9% over the past year (a bit
faster than the U.S. norm), but remain 10.5% lower than pre-recession levels according to FHFA data.
All California MSAs reflect home price gains in the year ending March 2015 and two reflected gains
over 10%. Salinas and San Francisco gained 10.1% and 10.6% respectively. At the other end of the spectrum, prices in Anaheim, Chico and Oxnard gained less than 5% in the 12-month period. Three California MSAs now reflect home prices above pre-recession levels, with San Francisco (+14.0%), San Jose
(+9.3%), and San Rafael (+3.3%) leading the way. Prices in six MSAs remain more than 10% lower than
pre-recession levels.
6
FIRST QUARTER 2015
First Quarter 2015
CREDIT UNION RESULTS
Growth
•• California credit union memberships increased by 1.1% (4.4% annualized) in the first quarter of 2015, up
••
••
••
••
••
from a 1.2% (4.8% annualized) fourth quarter 2014 advance. The 3.0% twelve-month increase in memberships is three times higher the estimated 1.0% change in California population during the period.
As has been the case historically, the lion’s share of membership growth is occurring in the state’s largest
institutions. The 37 California credit unions with $500 million to $1 billion in assets recorded memberships growth of 3.6% in the 12-months ending March,
CA CU MEMBERSHIP GROWTH (%)
2015 and the 36 institutions with more than $1 billion
YEAR ENDING 3/15 BY ASSET SIZE CATEGORY
in assets grew memberships by 5.1% in the period. At
the other end of the spectrum, the state’s smallest insti5.1%
tutions – 90 credit unions with less than $20 million in
3.6
2.8
assets – reflect an aggregate 3.8% decline in memberships in the year ending March, 2015.
0.6
Despite generally weak first quarter economic results,
-1.8
California credit union loans grew at healthy rates. The
-3.0
-3.8
first quarter is usually relatively weak for loan growth
-3.8%
because consumers tend to be focused on paying down
<$20Mil $20$50$100$250$500- >$1Bil
$50
$100
$250
$500
$1B
holiday debts. The quarterly 2.4% gain in loans (9.6%
annualized) was slower than the 3% increase in the
CA CU LOANS GRANTED
fourth quarter of 2014 – but was faster than the 2.2%
(First Quarter Total in Billions)
increase in the year-ago period (i.e., the first quarter of
$11.2
2014).
9.6
9.4
8.6
$8.5 8.2 8.9
8.4
8.3
In total, the state’s credit unions granted $11.2 billion in
7.6 7.1
loans in the first quarter of 2015. That’s a 30.5% jump
5.9
5.1
compared to year-ago results and the highest first-quarter total on record. Strong first mortgage originations
helped to boost production. Overall, first mortgage
originations came in at $4.8 billion in the quarter – a
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
51% increase compared to year-ago results. First mortgage originations accounted for 43% of total loan originations in the state in the first quarter.
CA CU LOAN GROWTH (%)
FIRST QUARTER 2015
New vehicle lending continued to lead the way reflected in a 6.8% quarterly increase, while used autos and
Credit cards -2.5%
first mortgage loans increased by 4.2% and 2.2%, re-0.4
spectively. Credit card balances declined by -2.5% and
Other unsecured loans
unsecured personal loans fell -0.4% reflecting normal
6.8
New automobile
seasonal trends as members paid down holiday shop4.2
Used automobile
ping bills.
2.2
First mortgage
California credit union loans increased by 14% in the
-0.6
HEL & 2nd Mtg
year ending March 2015 – their fastest annual increase
Member business loans
1.2%
since 2001 (when loans increased 16.4%). New auto
Source: NCUA & CUNA
7
FIRST QUARTER 2015
First Quarter 2015
••
••
••
loans reflect the strongest year-over year growth with a
CA CU GROWTH RATES (%)
41.0% gain in the twelve months ending March 2015.
14.0%
13.5
Used autos (17.5%), unsecured personal loans (13.9%)
6.4 5.4
5.6
and first mortgages (11.4%) also grew at double digit
4.8
4.6
3.6
3.0%
1.0
0.1
rates, with credit cards (7.0%) and member business
-1.4
loans (5.6%) trailing. HEL/2nd mortgages increased,
but only by 1.8% in the year.
-8.5
-9.0
2009
2010
2011
2012
2013
2014 Mar. ’15
Savings growth is typically relatively strong in the first
Loan Growth
Savings Growth
quarter as tax refunds are deposited into savings accounts. First quarter 2015 was no exception. Credit
union savings growth in the state was 3.6% in the first
CA CU SAVINGS GROWTH
quarter (a 14.4% annualized pace). The quarterly gain
FIRST QUARTER 2015
was up from 1.6% in the fourth quarter of 2014 and a
bit higher than the 3.4% gain in the year-ago quarter.
6.2%
Share drafts
California credit union savings balances increased by
5.6% in the year ending March 2015 led by increases in
-0.1
Certificates
short-term, liquid accounts. Share draft balances reflect
-0.5
IRAs
the strongest advance with an 11.9% gain, while regular
shares increased 7.8%. Money market shares increased
2.5
Money market shares
3.6% and certificates inched up 2.3%, while IRA bal5.7%
Regular shares
ances declined 2.7% during the 12-month period.
Source: NCUA & CUNA
Looking forward, savings balances are likely to reflect
slower growth in the second quarter – as normal seasonal trends prevail. Continued weakness in IRA and certificate accounts is likely as members wait for
widely-anticipated market rate increases before making longer-term commitments. The second quarter
ends on a Tuesday so share draft increases will not reflect the surge typically seen with week-end payroll
check deposits.
Risk Exposure
•• Loan quality improved, with delinquencies falling from
••
0.63% at year-end 2014 to 0.50% at the end of the first
quarter and the net charge-off rate declining from an
annualized 0.39% in the fourth quarter to an annualized 0.27% in the first quarter of 2015. The California
credit union delinquency ratio is at its lowest level
since 2006 (when it settled in at 0.47) and the net
charge-off rate now sits at a modern-day low.
First quarter delinquency rates fell in four of the five
key portfolios we track with the most impressive declines seen in the mortgage portfolio. First mortgage
delinquencies declined from 0.76% to 0.67% in the
quarter – a 0.15% slide - while HEL/2nd mortgage delinquency rates fell from 0.58% to 0.47% in the period.
8
CA CU ASSET QUALITY (%)
1.85%
1.76
1.31
0.95
0.48
2.49%
2009
0.34
2.39
2.09
1.20
0.91
0.63
0.27%
0.50%
2010
2011
2012
2013
2014
Mar. ’15
60+ day $ delinquency
FIRST QUARTER 2015
Net Chargeoffs
First Quarter 2015
••
••
Member business loan delinquencies increased from
0.96% in the fourth quarter of 2014 to 1.12% in the
first quarter. Net chargeoff rates declined in each of
the five key portfolios.
Relatively strong savings growth combined with
relatively weak loan growth to increase the state’s
credit union liquidity profile in the first quarter. The
aggregate loan-to-savings ratio declined from 68.4%
at the start of the year to 67.8% by the end of the first
quarter. Loan growth should exceed savings growth
– and by a wide margin – in the second quarter which
will put loan-to savings ratios back on an increasing
trend. With market interest rates expected to rise in
the second half of 2015, savings outflows to money
market mutual funds could put a pinch on liquidity
and increase net interest margin pressures.
California credit union interest rate risk exposure –
measured by the net long-term asset ratio – eased a
bit in the first quarter as credit unions replaced some
mid-term investments with consumer loans. The net
long-term asset ratio declined from 37.8% at the start
of the year to 36.5% at the end of March 2015. The
current exposure is more than three percentage points
lower than its 2013 peak value of 40.5% but it remains
more than three percentage points above the prerecession value of 33.4%.
Earnings
74.9
68.1
2009
2010
64.1
61.8
63.5
2011
2012
2013
68.4
67.8
2014
Mar. ’15
37.8
36.5
2014
Mar. ’15
CA CU LONG TERM ASSETS AS
A % OF TOTAL ASSETS
40.5
35.1
35.7
35.7
2010
2011
2012
2013
94
96
33.1
2009
CA CU ROA TRENDS
•• California credit union earnings results were strong
••
CA CU LOAN-TO-SAVINGS RATIO (%)
(bp of Average Assets)
91
82
with annualized ROA (net income as a percentage of
65
average assets) of 0.82% in the first quarter – up from
0.75% in the fourth quarter of 2014 but marginally
44
lower to year-ago levels. California credit union ROA
averaged 0.64% over the past decade.
As shown in the table, California credit union earnings
declined somewhat over full-year 2014 results because
a 4bp increase in loss provisions combined with a 3bp
-47
2009
2010
2011
2012
2013
2014 Mar. ’15
decline in asset yields and a 2bp increase in operating
expenses. First quarter funding costs and fee/other
income were unchanged compared to full-year 2014
results. The state’s 0.82% annualized first quarter ROA is 4bp higher than the U.S. credit union average for
the same period.
9
FIRST QUARTER 2015
First Quarter 2015
Capital Adequacy
CA CU EARNINGS PERFORMANCE
•• Strong earnings and modest asset growth kept the
(With Stabilization Expense - % of Average Assets)
California credit union aggregate capital ratio close
to all-time highs, finishing the first quarter at 11% - a
modest increase compared to the 10.9% year-ago
reading.
1Q 2015
2014
Basis Point
Change
Asset Yield
2.98%
3.01%
-3
- Int./Div. Cost
0.40%
0.40%
NC
= Net Int. Margin
2.58%
2.61%
-3
+ Fee/Other Inc.
1.10%
1.10%
NC
- Operating Exp
2.77%
2.75%
+2
- Loss Provisions
0.09%
0.05%
+4
= Net Inc. (ROA)
0.82%
0.91%
-9
Source: NCUA and CUNA
CA CU NET WORTH RATIO PROFILE (%)
12
96.3
97.0
96.4
11.0
11.2
11.0
93.8
91.3
88.2
85.8
0
10
9.1
9.7
10.1
10.5
2009
2010
2011
NW Ratio
2012
FIRST QUARTER 2015
2013
2014 Mar. ’15
Percent of CUs > 7%
First Quarter 2015
SPECIAL FOCUS
Business Startups – and CU Business Lending
– on the Rise
tivity have experienced high rates of real GDP expansion
in recent years.” A majority of U.S. states have experienced an upswing
in business startups in 2015, according to a report recently released from the Kauffman Foundation. Further, new
businesses are on the rise in almost half of the country’s
40 biggest metro areas, especially in western and southern cities. Importantly, recent strong increases in credit union
business lending mirror those strong increases in startups. In addition, credit union small business lending
continues to outstrip the gains seen in the banking sector.
Specifically, between June of 2007 and March of 2014
the dollar amount of small business loans outstanding
at credit unions increased by 115% (10.4% per year).
In contrast, small business loans at the nation’s banks
declined by 12.1% (-1.7% per year). As shown in the
accompanying graphic, California credit union business
lending growth slowed dramatically during the financial
crisis but has recently turned around. Golden state credit
union small business loan growth has outpaced U.S. bank
norms – and by a wide margin – in each of the past three
years.
The Kauffman Index of Entrepreneurship is the
biggest index to track entrepreneurship in the U.S. and
further provides insight on the demographics of business
owners. “There’s been an explosion of entrepreneurship programs and events across the country in recent years, and
while we don’t fully understand their impact, last year’s
rebound in new business creation is a good sign,” said
Dane Stangler, vice president of Research and Policy. What explains strong credit union performance in the
business lending arena? A number of factors account for
recent trends, but banker misdeeds during the formation
of the real estate bubble undoubtedly play a role.
Startup activity got a boost in 32 states last year, along
with 18 of the top metro areas. Overall, the top 10 cities for startups in the 2014
index remained in 2015. In order, these top 10 areas are:
Austin, Miami, San Jose, Los Angeles, Denver, San Francisco, New York, Houston, San Diego, and San Antonio. Increasingly, members and nonmembers alike recognize and value the fact that credit unions are not-forprofit financial cooperatives. As borrowers they appreciate being part-owner of the institution that finances their
business. And - as owners - they find that they’re treated
better. Better pricing also helps. Because credit unions
have no stockholders demanding market rates of return
on their investments they pass profits through to their
Regarding the rate of new business owners, results
varied from 0.55% to 0.13%, but Austin topped the list
averaging 550 new entrepreneurs per month--0.55%. Startup density, a measure of new businesses, ranges
from 93.9 startups per 100,000 people in Cincinnati to
247.6 startups per 100,000
people in Miami. RECENT GROWTH IN SMALL BUSINESS LOANS
“Historically, the Plains and
Rocky Mountain regions have
not been thought of as hotbeds
of entrepreneurial activity,”
according to Arnobio Morelix,
research analyst at the Kauffman Foundation. “But entrepreneurship is closely associated with economic growth,
so it should not be surprising
that some of the states seeing
increased levels of startup ac-
18.1
13.6
12.0
7.7
3.3%
-1.9
2008
6.0
4.4
-5.7 -5.7
2010
11.8
-4.2
-2.6
-6.7
2011
US Banks
-3.6
2012
US CUs
11.5
7.4
5.5
2.0
1.1
-0.2
2009
8.2
5.6%
-0.6
2013
2014
YOY 1Q15
CA CUs
Sources: FDIC, NCUA, and CUNA
continued u
11
FIRST QUARTER 2015
First Quarter 2015
SPECIAL FOCUS (CONTINUED)
member-owners in the form of better pricing – lower
loan rates, higher savings yields and fewer/lower fees.
recent gains among the nation’s small start-ups.
Looking forward, the NCUA’s unanimously proposed
modernized rule for member-business lending may help
to fortify recent credit union success in the MBL arena
by greatly increasing credit union operational flexibility.
The proposed changes would remove prescriptive and arbitrary limits and replace them with a “broad principlesbased regulatory approach”, according to the Agency.
Anecdotally, many say that since credit unions are
small, locally-operated institutions business borrowers
are more likely to have a personal relationship with a
real human being at their credit union – they know their
lender’s name, recognize his/her face and actually interact with that person in a more friendly, comfortable way.
Their small size, local presence and local decision-making
also means that credit unions are apt to be more flexible
in the underwriting process – more willing/able to listen
to a borrower’s unique story/circumstances and adjust
decisions accordingly. Loan decisions are not based
on underwriting criteria developed in a corporate office
halfway across the country. Restrictions removed or modified by the proposed
rule include the requirement for a personal guarantee;
the 80% limit on loan-to-value ratios; the limit on unsecured MBLs; the requirement that staff have two years
of direct experience; detailed limits on construction and
development loans; the restrictive definition of “associated borrower;” and the 15% of net worth limit on loans
to one borrower, which will now increase to 25% if the
additional 10% is supported by readily marketable collateral.
Finally, credit unions have a long history of focusing on
advice and consultation – member education is a hallmark
of the credit union approach and small business owners
marvel at the assistance and direction they get at their
credit union – not only with the borrowing process – but
with many of the critical facets of running a business.
Comments on the proposed rule are due sixty days
after publication in the Federal Register.
In any case, all signs point to an enhanced ability to
serve small businesses – including startups – and that’s
good news for credit unions, their members and their
local communities.
Credit unions have a lot of experience lending to small
businesses. They’ve been making loans to small business since their inception in the United States nearly 100
years ago. And they continue to play a key role, fueling
12
FIRST QUARTER 2015
California
Credit
Profile
California
CreditUnion
Union Profile
FirstQuarter
Quarter
2015
First
2015
Overview: State Trends
U.S.
Number of CUs
Total loans ($ mil)
California Credit Unions
Mar 15
6,331
185.3
25.5
1,172,913
733,985
390,960
997,185
101,207
Mar 15
361
431.8
67.8
155,882
89,700
60,552
132,344
10,180
2014
364
413.9
65.7
150,676
87,408
57,502
127,776
10,083
2013
381
371.5
60.1
141,536
76,982
59,673
121,213
9,809
2012
403
337.5
55.6
136,032
72,358
59,519
117,056
9,696
2011
423
306.1
48.9
129,484
71,650
54,021
111,733
9,706
2010
440
282.4
45.8
124,235
72,680
48,183
106,795
9,519
2009
457
277.2
43.8
126,686
79,841
43,442
106,654
9,895
Growth Rates
Total assets
Total loans
Total surplus funds
Total savings
Total members
5.5
10.8
-3.4
4.4
2.9
64.4
6.7
14.0
-2.7
5.6
3.0
72.9
6.5
13.5
-3.6
5.4
2.8
73.4
4.0
6.4
0.3
3.6
1.2
61.9
5.1
1.0
10.2
4.8
-0.1
66.3
4.2
-1.4
12.1
4.6
2.0
61.2
-1.9
-9.0
10.9
0.1
-3.8
49.3
2.4
-8.5
34.1
3.0
-2.0
63.2
Net interest margin
Operating expense
Loss Provisions
333
51
282
131
308
28
78
78
75.4
298
40
258
110
277
9
82
82
74.8
301
40
261
110
275
5
91
91
79.1
300
43
257
120
281
0
96
101
80.1
329
55
273
126
281
24
94
100
76.9
378
76
303
113
297
54
65
82
70.7
422
100
322
120
296
102
44
55
56.4
476
160
316
95
273
186
-47
-54
33.0
Capital Adequacy
Net worth/assets
10.8
97.0
11.0
96.4
11.2
97.0
11.0
96.3
10.5
93.8
10.1
91.3
9.7
88.2
9.1
85.8
0.68
0.47
196,320
31.0
1.9
0.50
0.27
15,516
43.0
1.5
0.63
0.34
13,920
38.2
1.4
0.91
0.48
18,892
49.6
1.9
1.20
0.95
27,027
67.1
2.8
2.09
1.31
39,806
94.1
4.1
2.39
1.76
50,580
115.0
5.3
2.49
1.85
46,925
102.7
4.7
73.6
62.6
32.6
15.1
48.2
67.8
57.5
36.5
16.0
47.5
68.4
58.0
37.8
14.9
46.5
63.5
54.4
40.5
16.4
45.0
61.8
53.2
35.7
19.5
43.4
64.1
55.3
35.7
18.3
40.6
68.1
58.5
35.1
18.0
37.2
74.9
63.0
33.1
18.5
34.5
5
54
385
9,853
13,429
0.22
4
50
384
13,000
17,643
0.17
4
50
385
12,672
17,379
0.17
4
47
384
12,358
16,702
0.18
4
45
387
12,072
16,639
0.18
4
45
395
11,512
16,510
0.19
4
46
388
11,219
16,710
0.20
4
48
390
10,779
16,869
0.20
12.5
17.4
31.4
38.7
11.1
10.5
38.5
39.9
11.0
10.4
38.7
39.8
10.8
10.0
41.2
38.1
11.7
9.9
40.7
37.7
11.8
9.9
40.9
37.4
11.8
9.5
41.6
37.0
11.6
9.6
41.6
37.2
Asset Quality
Bankruptcies per CU
Loans/savings
Loans/assets
Productivity
Members/FTE
Structure
Other Fed CUs
CUs state chartered
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. US Totals include only credit unions that are released on the NCUA 5300 Call Report file.
13
FIRST QUARTER 2015
California
Credit
Union Profile
California
Credit
Union
Profile
First Quarter
Quarter 2015
First
2015
Overview: State Results by Asset Size
CA
Number of CUs
Total loans ($ mil)
California Credit Union Asset Groups - 2015
Mar 15
361
431.8
67.8
155,882
89,700
60,552
132,344
10,180
< $20Mil
90
8.1
7.0
729
290
420
636
104
$20-$50
71
33.1
32.6
2,352
1,003
1,282
2,077
253
$50-$100
49
74.1
71.9
3,631
1,753
1,745
3,203
318
$100-$250
50
160.9
155.0
8,046
3,858
3,866
7,104
712
$250-$500
28
365.1
356.4
10,224
5,395
4,315
8,969
827
$500-$1B
37
755.5
757.2
27,953
17,251
9,540
24,248
1,990
> $1 Bil
36
2,859.7
1,909.4
102,948
60,150
39,383
86,108
5,976
Growth Rates
Total assets
Total loans
Total surplus funds
Total savings
Total members
6.7
14.0
-2.7
5.6
3.0
72.9
0.0
0.0
0.0
0.1
-3.8
46.7
1.2
3.0
-0.6
0.9
-3.0
70.4
2.8
6.6
-0.6
2.3
0.6
71.4
2.9
8.2
-2.2
2.7
-1.8
76.0
4.4
11.4
-3.7
4.0
2.8
92.9
6.2
10.8
-1.9
5.9
3.6
97.3
8.3
16.6
-2.4
6.9
5.1
100.0
Net interest margin
Operating expense
Loss Provisions
298
40
258
110
277
9
82
82
74.8
306
17
289
77
391
11
-35
-35
44.4
314
22
292
78
341
6
23
23
70.4
312
28
284
87
318
10
42
42
83.7
300
23
278
109
339
7
41
41
78.0
301
28
274
115
313
9
66
66
100.0
326
36
290
122
333
10
70
70
97.3
289
44
245
109
250
9
94
94
100.0
Capital Adequacy
Net worth/assets
11.0
96.4
12.2
93.3
11.1
94.4
10.9
95.9
10.8
98.0
11.0
100.0
10.6
100.0
11.2
100.0
0.50
0.27
15,516
43.0
1.5
0.97
0.23
136
1.5
1.3
0.61
0.40
388
5.5
1.5
0.66
0.32
452
9.2
1.4
0.60
0.34
932
18.6
1.3
0.49
0.51
880
31.4
1.1
0.64
0.37
3,064
82.8
1.5
0.45
0.22
9,664
268.4
1.6
67.8
57.5
36.5
16.0
47.5
45.6
39.8
18.3
28.1
77.2
48.3
42.7
28.8
22.9
67.4
54.7
48.3
33.0
20.3
58.1
54.3
48.0
30.7
23.2
62.6
60.2
52.8
35.7
17.2
58.5
71.1
61.7
38.8
14.9
48.2
69.9
58.4
36.8
15.2
43.9
4
50
384
13,000
17,643
0.17
7
32
422
6,141
8,773
0.34
3
39
454
8,204
10,229
0.24
10
45
405
10,072
12,232
0.22
5
45
369
9,978
12,131
0.24
2
47
383
10,843
13,906
0.21
3
54
349
12,183
16,034
0.20
5
51
394
14,408
19,865
0.15
11.1
10.5
38.5
39.9
21.1
7.8
52.2
18.9
15.5
12.7
35.2
36.6
8.2
6.1
53.1
32.7
2.0
20.0
28.0
50.0
7.1
14.3
25.0
53.6
5.4
10.8
24.3
59.5
2.8
2.8
30.6
63.9
Asset Quality
Bankruptcies per CU
Loans/savings
Loans/assets
Productivity
Members/FTE
Structure
Other Fed CUs
CUs state chartered
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. US Totals include only credit unions that are released on the NCUA 5300 Call Report file.
14
FIRST QUARTER 2015
California
Credit
Union
California
Credit
Union Profile
Profile
First
2015
FirstQuarter
Quarter 2015
Overview: National Results by Asset Size
U.S.
Number of CUs
Total loans ($ mil)
All U.S. Credit Unions Asset Groups - 2015
Mar 15
6,331
185.3
25.5
1,172,913
733,985
390,960
997,185
101,207
< $20Mil
2,834
7.3
6.2
20,754
9,577
10,713
17,828
3,558
$20-$50
1,198
32.3
31.0
38,746
19,035
18,383
33,924
4,903
$50-$100
752
71.7
69.9
53,906
28,490
23,121
47,339
6,167
$100-$250
722
156.5
149.1
112,963
66,411
41,084
99,303
11,798
$250-$500
347
350.9
341.2
121,756
74,900
40,807
105,834
11,685
$500-$1B
241
702.9
682.6
169,401
107,996
53,550
146,099
14,633
> $1 Bil
237
2,765.3
1,652.2
655,387
427,576
203,302
546,858
48,462
Growth Rates
Total assets
Total loans
Total surplus funds
Total savings
Total members
5.5
10.8
-3.4
4.4
2.9
64.4
0.5
2.9
-1.7
0.4
-1.6
48.8
1.6
3.9
-0.9
1.4
-0.8
65.4
2.9
6.0
-0.8
2.5
0.6
73.4
3.9
7.7
-1.8
3.4
1.2
83.0
4.7
9.1
-2.7
4.1
2.1
89.0
6.2
11.1
-2.6
5.5
4.6
92.9
7.4
13.3
-3.3
5.9
5.8
97.0
Net interest margin
Operating expense
Loss Provisions
333
51
282
131
308
28
78
78
75.4
338
27
311
79
361
19
10
10
62.5
325
29
296
102
352
17
29
29
77.2
333
31
302
125
364
20
43
44
84.0
337
36
301
136
366
24
47
47
88.5
337
40
297
142
354
25
60
60
95.7
332
42
290
143
338
22
72
73
97.9
331
61
271
129
273
32
95
95
99.6
Capital Adequacy
Net worth/assets
10.8
97.0
13.7
96.2
11.9
96.5
11.2
97.6
10.7
97.8
10.8
98.8
10.8
99.6
10.6
99.6
0.68
0.47
196,320
31.0
1.9
1.45
0.44
7,240
2.6
2.0
1.08
0.42
11,364
9.5
2.3
0.93
0.43
12,344
16.4
2.0
0.77
0.44
23,772
32.9
2.0
0.74
0.47
21,160
61.0
1.8
0.62
0.42
26,576
110.3
1.8
0.62
0.49
93,864
396.1
1.9
73.6
62.6
32.6
15.1
48.2
53.7
46.1
15.7
27.7
76.4
56.1
49.1
24.0
22.2
65.4
60.2
52.9
28.6
19.3
59.5
66.9
58.8
31.2
17.0
55.3
70.8
61.5
34.8
14.3
52.0
73.9
63.8
35.9
13.9
49.4
78.2
65.2
32.9
14.0
42.9
5
54
385
9,853
13,429
0.22
7
38
434
5,011
7,073
0.39
4
44
415
6,919
8,883
0.31
4
48
374
7,676
9,580
0.31
4
49
350
8,417
11,439
0.30
4
51
349
9,057
12,465
0.27
4
53
345
9,984
13,836
0.25
8
59
414
11,284
14,969
0.18
12.5
17.4
31.4
38.7
21.9
9.4
35.7
32.9
8.0
20.7
32.4
38.9
4.3
27.7
27.3
40.8
2.6
30.2
22.4
44.7
2.3
28.0
25.1
44.7
2.5
17.8
24.1
55.6
2.5
9.7
32.9
54.9
Asset Quality
Bankruptcies per CU
Loans/savings
Loans/assets
Productivity
Members/FTE
Structure
Other Fed CUs
CUs state chartered
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. US Totals include only credit unions that are released on the NCUA 5300 Call Report file.
15
FIRST QUARTER 2015
California Credit Union
Profile
First Quarter
2015
First Quarter 2015
Portfolio: State Trends
U.S.
Growth Rates
Credit cards
New automobile
Used automobile
First mortgage
HEL & 2nd Mtg
Mar 15
7.7%
10.3%
21.4%
13.2%
8.9%
2.5%
11.5%
Mar 15
7.0%
13.9%
41.0%
17.5%
11.4%
1.8%
5.6%
2014
6.6%
13.6%
39.5%
15.9%
11.6%
3.8%
7.4%
2013
5.0%
11.2%
21.0%
13.3%
7.1%
-7.8%
5.5%
2012
2.2%
1.6%
1.8%
6.1%
3.2%
-11.5%
-3.6%
2011
1.3%
-2.4%
-15.9%
1.5%
2.8%
-8.7%
-4.2%
2010
-4.5%
-10.1%
-28.8%
-9.4%
-4.3%
-12.3%
-5.7%
2009
-2.6%
-7.4%
-23.2%
-10.6%
-4.3%
-9.6%
-0.2%
Share drafts
Certificates
IRAs
Money market shares
Regular shares
8.2%
-1.1%
-1.9%
3.4%
7.8%
11.9%
2.3%
-2.7%
3.6%
7.8%
13.6%
2.7%
-3.0%
3.1%
7.8%
5.9%
-3.4%
-3.9%
2.9%
8.4%
9.6%
-7.7%
-2.6%
7.1%
12.6%
11.3%
-8.2%
-1.5%
9.2%
13.0%
1.5%
-13.1%
-0.9%
8.2%
7.7%
6.6%
-15.2%
4.8%
22.2%
12.5%
Portfolio $ Distribution
Credit cards/total loans
Other unsecured loans/total loans
New automobile/total loans
Used automobile/total loans
First mortgage/total loans
HEL & 2nd Mtg/total loans
Member business loans/total loans
6.2%
4.3%
12.3%
20.3%
41.0%
9.9%
7.4%
5.4%
2.8%
10.7%
15.7%
51.0%
10.6%
9.6%
5.6%
2.9%
10.2%
15.4%
51.2%
10.9%
9.7%
6.0%
2.9%
8.3%
15.1%
52.1%
11.9%
10.2%
6.1%
2.8%
7.3%
14.2%
51.8%
13.8%
10.3%
6.0%
2.8%
7.3%
13.5%
50.7%
15.7%
10.8%
5.9%
2.8%
8.5%
13.1%
48.6%
17.0%
11.1%
5.6%
2.8%
10.9%
13.2%
46.2%
17.6%
10.7%
Share drafts/total savings
Certificates/total savings
IRAs/total savings
Money market shares/total savings
Regular shares/total savings
14.2%
19.1%
7.8%
22.8%
34.6%
13.2%
17.2%
6.7%
26.9%
34.9%
12.9%
17.8%
7.0%
27.2%
34.2%
12.0%
18.3%
7.6%
27.8%
33.5%
11.7%
19.6%
8.2%
28.0%
31.9%
11.2%
22.3%
8.8%
27.4%
29.7%
10.5%
25.4%
9.4%
26.2%
27.5%
10.4%
29.2%
9.5%
24.3%
25.6%
Percent of CUs Offering
Credit cards
New automobile
Used automobile
First mortgage
HEL & 2nd Mtg
57.9%
98.2%
95.1%
96.3%
65.2%
69.4%
35.9%
74.5%
98.9%
97.5%
98.1%
80.3%
84.2%
56.0%
74.2%
98.6%
97.3%
98.4%
80.2%
84.6%
56.9%
73.0%
99.2%
97.4%
98.4%
79.5%
83.5%
53.5%
71.5%
99.0%
97.8%
98.3%
78.2%
81.9%
52.1%
69.7%
98.8%
98.1%
98.6%
77.8%
82.0%
48.7%
68.0%
98.9%
98.0%
97.7%
75.7%
81.1%
46.8%
67.2%
98.9%
98.2%
97.8%
75.5%
81.2%
45.3%
Share drafts
Certificates
IRAs
Money market shares
78.1%
79.2%
66.8%
48.3%
85.9%
83.4%
81.2%
64.3%
86.0%
83.8%
81.0%
64.3%
85.8%
83.5%
80.6%
62.7%
85.1%
83.4%
80.4%
61.3%
84.6%
84.6%
80.6%
61.5%
83.6%
84.3%
80.2%
60.9%
83.4%
85.1%
80.1%
60.2%
Percent of Members in Offering CUs
Credit cards
New automobile
Used automobile
First mortgage
HEL & 2nd Mtg
18.4%
11.7%
4.7%
13.1%
2.3%
2.2%
0.3%
19.8%
9.1%
4.6%
11.3%
1.8%
2.1%
0.4%
20.0%
9.3%
4.4%
11.2%
1.8%
2.1%
0.4%
19.5%
8.7%
3.6%
10.7%
1.7%
2.0%
0.2%
18.6%
8.3%
3.6%
9.9%
1.7%
2.2%
0.2%
18.1%
8.1%
4.3%
9.7%
1.6%
2.4%
0.2%
18.2%
8.2%
5.4%
10.0%
1.5%
2.6%
0.2%
18.2%
8.5%
6.9%
10.3%
1.5%
2.8%
0.2%
Share drafts
Certificates
IRAs
Money market shares
55.1%
8.6%
5.0%
7.6%
62.8%
8.1%
5.6%
10.2%
62.7%
8.2%
5.8%
10.2%
61.2%
8.7%
6.1%
10.3%
59.3%
9.4%
6.5%
10.5%
56.6%
10.3%
6.6%
10.1%
55.6%
11.8%
7.0%
10.3%
51.0%
12.9%
6.8%
9.8%
* Current period flow statistics are trailing four quarters.
16
FIRST QUARTER 2015
California Credit Union
Profile
First Quarter
2015
First Quarter 2015
Portfolio Detail: State Results by Asset Size
CA
California Credit Union Asset Groups - 2015
Growth Rates
Credit cards
New automobile
Used automobile
First mortgage
HEL & 2nd Mtg
Mar 15
7.0%
13.9%
41.0%
17.5%
11.4%
1.8%
5.6%
< $20 Mil
-0.7%
4.1%
6.1%
0.2%
-7.2%
4.1%
21.6%
$20-$50
-3.6%
1.5%
16.5%
3.6%
1.0%
-1.2%
8.9%
$50-$100
1.5%
7.5%
12.7%
9.4%
2.6%
13.0%
8.2%
$100-$250
1.7%
8.7%
31.3%
8.2%
4.7%
-4.5%
9.6%
Share drafts
Certificates
IRAs
Money market shares
Regular shares
11.9%
2.3%
-2.7%
3.6%
7.8%
2.5%
-8.3%
-5.2%
-3.4%
1.5%
5.6%
-9.0%
-7.4%
2.4%
3.5%
10.7%
-5.3%
-4.9%
-2.3%
6.3%
5.7%
-5.3%
-5.5%
7.8%
4.1%
8.1%
-2.1%
-4.2%
1.1%
7.7%
14.3%
-0.4%
-1.5%
3.0%
9.7%
13.6%
5.9%
-1.5%
4.0%
8.9%
5.4%
2.8%
10.7%
15.7%
51.0%
10.6%
9.6%
4.4%
13.2%
17.8%
24.7%
19.8%
7.0%
4.0%
6.4%
7.3%
11.6%
22.9%
37.2%
9.3%
5.1%
5.3%
4.5%
10.5%
19.6%
42.0%
11.1%
9.5%
4.7%
4.9%
12.8%
24.3%
39.3%
9.6%
6.4%
6.6%
3.9%
10.9%
19.1%
43.8%
10.4%
9.9%
5.6%
3.6%
10.4%
16.9%
48.0%
10.2%
14.7%
5.2%
2.2%
10.5%
14.2%
53.9%
10.8%
8.4%
IRAs/total savings
13.2%
17.2%
6.7%
26.9%
34.9%
10.5%
9.9%
4.6%
5.6%
66.7%
13.7%
13.8%
6.1%
11.1%
53.7%
16.1%
18.8%
7.7%
13.8%
42.0%
17.8%
12.3%
7.0%
17.0%
44.9%
18.5%
16.4%
6.1%
17.2%
40.0%
17.5%
20.3%
6.4%
24.2%
31.2%
10.9%
16.9%
6.9%
30.6%
33.6%
Credit cards
New automobile
Used automobile
First mortgage
HEL & 2nd Mtg
74.5%
98.9%
97.5%
98.1%
80.3%
84.2%
56.0%
27.8%
95.6%
92.2%
93.3%
32.2%
40.0%
10.0%
83.1%
100.0%
100.0%
100.0%
90.1%
97.2%
43.7%
89.8%
100.0%
95.9%
100.0%
93.9%
98.0%
63.3%
86.0%
100.0%
100.0%
100.0%
100.0%
100.0%
80.0%
96.4%
100.0%
100.0%
100.0%
100.0%
100.0%
85.7%
100.0%
100.0%
100.0%
97.3%
100.0%
100.0%
89.2%
94.4%
100.0%
100.0%
100.0%
100.0%
100.0%
94.4%
Share drafts
Certificates
IRAs
Money market shares
85.9%
83.4%
81.2%
64.3%
48.9%
52.2%
40.0%
18.9%
95.8%
88.7%
90.1%
59.2%
100.0%
98.0%
93.9%
81.6%
98.0%
88.0%
96.0%
82.0%
100.0%
96.4%
96.4%
82.1%
100.0%
100.0%
100.0%
97.3%
97.2%
97.2%
97.2%
91.7%
Credit cards
New automobile
Used automobile
First mortgage
HEL & 2nd Mtg
19.8%
9.1%
4.6%
11.3%
1.8%
2.1%
0.4%
18.4%
11.3%
2.9%
7.2%
0.8%
0.8%
0.5%
15.1%
8.6%
2.5%
9.1%
0.9%
0.9%
0.3%
16.0%
11.2%
3.2%
9.4%
1.3%
1.4%
0.4%
14.9%
9.1%
4.3%
12.9%
1.2%
1.3%
0.2%
18.8%
9.0%
3.4%
10.2%
1.3%
1.6%
0.3%
20.2%
9.8%
4.6%
12.8%
1.7%
2.1%
0.5%
20.8%
8.7%
5.0%
11.0%
2.0%
2.3%
0.4%
Share drafts
Certificates
IRAs
Money market shares
62.8%
8.1%
5.6%
10.2%
31.8%
3.5%
3.3%
3.8%
36.2%
5.0%
3.5%
3.6%
45.2%
6.5%
4.9%
4.2%
51.9%
5.0%
4.1%
4.6%
59.9%
6.7%
4.5%
5.4%
61.9%
8.3%
4.8%
7.2%
67.3%
8.8%
6.4%
13.0%
17
FIRST QUARTER 2015
$250-$500 $500-$1Bil
6.3%
5.6%
7.3%
13.9%
31.6%
41.8%
7.8%
23.1%
12.3%
5.2%
2.9%
0.0%
4.8%
4.0%
> $1Bil
8.7%
19.0%
45.4%
20.1%
14.0%
2.8%
6.3%
First Quarter 2015
First Quarter 2015
Portfolio Detail: National Results by Asset Size
U.S.
Growth Rates
Credit cards
New automobile
Used automobile
First mortgage
HEL & 2nd Mtg
All U.S. Credit Unions Asset Groups - 2015
Mar 15
7.7%
10.3%
21.4%
13.2%
8.9%
2.5%
11.5%
< $20 Mil
0.5%
2.5%
4.8%
4.0%
1.7%
-0.7%
2.5%
$20-$50
0.3%
3.0%
8.8%
6.1%
2.1%
-1.8%
5.8%
$50-$100
1.5%
6.0%
12.3%
9.1%
3.7%
-1.9%
8.5%
$100-$250
3.6%
8.4%
16.5%
10.5%
5.5%
0.3%
12.7%
Share drafts
Certificates
IRAs
Money market shares
Regular shares
8.2%
-1.1%
-1.9%
3.4%
7.8%
4.7%
-7.5%
-6.0%
-1.3%
1.9%
5.5%
-7.4%
-4.4%
-0.6%
4.3%
6.6%
-5.9%
-3.3%
0.2%
6.1%
7.3%
-4.1%
-3.0%
2.1%
7.1%
7.0%
-2.3%
-1.7%
1.0%
9.1%
10.3%
-0.9%
-1.6%
3.3%
9.9%
10.1%
1.3%
-0.7%
4.9%
9.6%
6.2%
4.3%
12.3%
20.3%
41.0%
9.9%
7.4%
3.2%
15.5%
18.1%
33.2%
13.4%
7.4%
1.2%
4.7%
8.7%
13.0%
28.2%
26.9%
10.7%
2.6%
4.7%
6.6%
11.3%
26.8%
31.3%
11.0%
4.7%
4.4%
5.3%
10.6%
25.1%
35.4%
11.3%
6.6%
5.1%
4.7%
11.2%
23.3%
37.8%
10.8%
8.2%
4.9%
3.7%
11.8%
22.9%
39.7%
9.8%
10.6%
7.1%
3.7%
12.7%
17.2%
44.7%
9.4%
7.2%
IRAs/total savings
14.2%
19.1%
7.8%
22.8%
34.6%
9.3%
12.7%
4.0%
4.7%
67.1%
13.4%
15.5%
6.5%
10.7%
52.1%
15.6%
17.0%
7.4%
14.3%
44.0%
16.9%
18.3%
7.4%
17.0%
38.7%
17.8%
18.8%
7.2%
19.9%
34.6%
17.0%
19.1%
7.2%
22.6%
32.9%
12.4%
20.0%
8.3%
26.6%
31.4%
Credit cards
New automobile
Used automobile
First mortgage
HEL & 2nd Mtg
57.9%
98.2%
95.1%
96.3%
65.2%
69.4%
35.9%
26.9%
96.2%
89.3%
92.1%
30.4%
37.9%
7.7%
75.0%
99.7%
99.9%
99.7%
84.1%
88.1%
32.7%
85.5%
100.0%
99.7%
100.0%
95.1%
96.4%
53.5%
83.9%
100.0%
99.6%
99.6%
99.4%
98.8%
73.1%
91.9%
100.0%
100.0%
100.0%
100.0%
99.1%
83.9%
88.4%
99.6%
99.6%
99.2%
100.0%
100.0%
91.7%
93.2%
100.0%
99.6%
100.0%
99.6%
100.0%
94.5%
Share drafts
Certificates
IRAs
Money market shares
78.1%
79.2%
66.8%
48.3%
52.9%
58.0%
34.3%
14.5%
96.7%
92.7%
84.9%
57.2%
99.2%
97.6%
95.2%
75.5%
99.3%
98.2%
97.6%
87.1%
100.0%
99.7%
98.6%
91.9%
100.0%
99.2%
100.0%
93.8%
99.2%
97.9%
99.2%
93.7%
Credit cards
New automobile
Used automobile
First mortgage
HEL & 2nd Mtg
18.4%
11.7%
4.7%
13.1%
2.3%
2.2%
0.3%
12.3%
15.8%
3.0%
10.0%
1.4%
1.2%
0.4%
13.3%
12.6%
2.8%
11.3%
1.7%
1.5%
0.4%
13.9%
11.8%
3.0%
12.2%
2.0%
1.7%
0.4%
15.2%
11.1%
3.4%
13.5%
2.2%
2.0%
0.4%
16.2%
11.2%
3.6%
13.5%
2.3%
2.1%
0.4%
17.4%
10.9%
4.5%
14.3%
2.2%
2.2%
0.4%
21.0%
11.9%
5.9%
12.9%
2.5%
2.4%
0.2%
Share drafts
Certificates
IRAs
Money market shares
55.1%
8.6%
5.0%
7.6%
31.2%
5.5%
2.7%
4.0%
40.2%
6.2%
3.3%
3.9%
45.8%
6.8%
3.8%
4.6%
49.7%
7.5%
4.2%
5.0%
54.0%
7.9%
4.4%
6.4%
57.6%
8.1%
4.7%
7.0%
59.9%
9.8%
5.9%
9.2%
18
FIRST QUARTER 2015
$250-$500 $500-$1Bil
5.1%
5.8%
8.6%
12.3%
20.5%
23.0%
12.9%
14.9%
5.9%
7.0%
2.0%
3.8%
12.4%
9.9%
> $1Bil
9.9%
14.4%
24.5%
16.2%
11.4%
4.4%
12.6%
California
Credit
Union
California
Credit
UnionProfile
Profile
First
Quarter 2015
2015
First
Quarter
California CU Profile - Quarterly Trends
U.S.
Number CUs
Mar 15
6,331
Growth Rates (Quarterly % Change)
Total loans
Mar 15
361
Dec 14
364
Sep 14
371
Jun 14
377
Mar 14
380
1.4
2.4
3.0
3.9
3.9
2.2
-2.6
-1.7
3.5
2.6
1.7
-0.5
2.2
-2.5
-0.4
6.8
4.2
2.2
-0.6
1.2
4.4
5.1
8.4
2.9
2.3
0.2
-0.2
2.6
4.2
10.1
4.8
3.4
1.3
3.0
2.6
5.1
10.9
5.0
3.2
1.1
1.5
-2.9
-0.7
5.6
2.9
2.4
1.4
2.9
3.6
6.6
3.6
6.2
1.6
4.4
1.0
1.4
-0.3
-0.1
3.4
7.7
-0.3
-0.2
2.6
6.2
-0.1
-0.5
2.5
5.7
1.6
-0.7
0.5
1.9
1.0
-0.3
1.2
0.9
0.3
-0.6
-0.5
-0.4
0.2
-0.8
2.1
5.6
Total members
0.9
1.1
1.2
1.1
0.2
0.8
Earnings (Basis Points)
Operating expense
Loss Provisions
Net Income (ROA) *
% CUs with positive ROA *
333
51
131
308
28
78
75
298
40
111
277
9
82
75
302
44
108
284
6
75
79
303
40
114
275
7
95
79
300
39
114
270
3
101
75
300
39
105
274
3
89
76
Capital Adequacy (%)
Net worth/assets
10.8
97.0
11.0
96.4
11.2
97.0
11.2
96.5
11.1
95.5
10.9
96.1
Asset Quality (%)
Loan delinquency rate - Total loans
Total Consumer
Credit Cards
All Other Consumer
Total Mortgages
First Mortgages
All Other Mortgages
Total MBLs
Ag MBLs
All Other MBLs
0.69
0.66
0.88
0.63
0.71
0.70
0.73
0.99
0.70
1.01
0.50
0.37
0.67
0.32
0.58
0.61
0.47
1.12
0.00
1.13
0.63
0.47
0.76
0.42
0.73
0.76
0.58
0.96
0.00
0.96
0.70
0.46
0.75
0.40
0.84
0.88
0.66
1.40
0.00
1.41
0.79
0.45
0.73
0.40
0.99
1.05
0.72
2.28
0.00
2.28
0.72
0.45
0.76
0.40
0.87
0.91
0.71
0.00
0.00
0.00
Total Consumer
Credit Cards
All Other Consumer
Total Mortgages
First Mortgages
All Other Mortgages
Total MBLs
Ag MBLs
All Other MBLs
0.47
0.87
1.97
0.71
0.09
0.07
0.18
0.06
0.00
0.08
0.27
0.66
1.62
0.49
0.04
0.06
-0.04
0.10
0.00
0.17
0.39
0.73
1.71
0.56
0.20
0.23
0.04
2.31
0.00
4.05
0.33
0.68
1.67
0.50
0.13
0.12
0.20
1.21
0.00
2.18
0.30
0.67
1.85
0.45
0.09
0.07
0.18
0.45
0.00
0.81
0.35
0.74
1.89
0.51
0.13
0.11
0.20
0.04
0.00
0.07
Loans/savings
73.3
67.3
68.1
67.1
65.2
62.6
Credit cards
New automobile
Used automobile
First mortgage
HEL & 2nd Mtg
Total savings
Share drafts
Certificates
IRAs
Money market shares
Regular shares
Earnings & net chargeoffs are annualized quarterly results not seasonally adjusted. Growth rates are not annualized.
Delinquency rates are 60+ day dollar delinquencies. Net chargeoffs are dollar chargeoffs net of recoveries. Totals include only
credit unions that are released on the NCUA 5300 Call Report file.
19
FIRST QUARTER 2015
California
CaliforniaCredit
CreditUnion
UnionProfile
Profile
First
Quarter2015
2015
First
Quarter
Bank Comparisons
CA Credit Unions
Number of Institutions
Assets per Institution ($ mil)
Total loans ($ mil)
Avg number of branches (1)
CA Banks
Mar 15
361
432
155,882
89,700
60,552
132,344
4
2014
364
414
150,676
87,408
57,502
127,776
4
2013
381
372
141,536
76,982
59,673
121,213
4
3 Yr Avg
369
406
149,365
84,697
59,242
127,111
4
Mar 15
206
3,003
618,679
410,935
168,693
480,530
16
2014
210
2,888
606,499
409,702
158,077
474,381
16
2013
223
2,466
549,949
367,003
146,054
420,746
15
3 Yr Avg
213
2,786
591,709
395,880
157,608
458,552
16
12 Month Growth Rates
Total assets
Total loans
Real estate loans
Commercial loans
Total consumer
Consumer credit card
Other consumer
Total surplus funds
Total savings
6.7
14.0
9.6
5.6
28.3
7.0
34.4
-2.7
5.6
6.5
13.5
10.2
7.4
24.4
6.6
29.8
-3.6
5.4
4.0
6.4
4.0
5.5
13.4
5.0
16.2
0.3
3.6
5.7
11.3
7.9
6.2
22.0
6.2
26.8
-2.0
4.9
12.1
11.7
7.8
20.4
8.1
2.9
8.2
14.1
13.3
12.7
14.5
11.2
20.4
7.4
0.2
7.5
10.0
15.3
10.0
11.8
10.8
10.9
6.0
-3.9
6.2
10.4
9.6
11.6
12.7
9.9
17.2
7.2
-0.3
7.3
11.5
12.7
YTD Earnings Annualized (BP)
Yield on Total Assets
Dividend/Interest cost of assets
Net Interest Marghin
Fee and other income (2)
Operating expense
Loss provisions
Net income
298
40
258
110
277
9
82
301
40
261
110
275
5
91
300
43
257
120
286
0
96
300
41
259
113
280
5
90
324
28
296
88
293
3
87
343
31
312
82
295
3
96
356
35
321
83
295
4
107
341
31
310
84
294
3
97
Capital Adequacy
Net worth/assets
11.0
11.2
11.0
11.1
12.7
12.7
12.8
12.7
0.50
0.58
1.12
0.12
0.67
-0.01
0.27
0.04
0.10
0.84
1.62
0.65
0.63
0.73
0.96
0.29
0.76
0.18
0.34
0.14
0.60
0.72
1.73
0.44
0.91
1.09
1.93
0.03
0.84
-0.22
0.48
0.29
0.31
1.05
2.18
0.68
0.68
0.80
1.34
0.15
0.76
-0.02
0.37
0.15
0.33
0.87
1.84
0.59
0.98
1.22
0.61
0.19
0.93
0.18
0.05
0.00
0.08
0.37
3.86
0.32
1.04
1.32
0.58
0.20
0.89
0.19
0.07
0.00
0.23
0.42
3.94
0.37
1.68
2.06
0.80
1.18
0.93
1.18
0.14
0.11
0.20
0.48
4.44
0.42
1.23
1.53
0.67
0.52
0.92
0.52
0.09
0.04
0.17
0.43
4.08
0.37
Asset Liability Management
Loans/savings
Loans/assets
Core deposits/total deposits
67.8
57.5
48.1
68.4
58.0
47.1
63.5
54.4
45.4
66.6
56.6
46.9
85.5
65.7
35.0
86.4
66.8
34.7
87.2
65.9
32.8
86.4
66.1
34.2
Productivity
Employees per million assets
0.17
0.17
0.18
0.17
0.11
0.11
0.12
0.11
Asset Quality
Delinquencies/loans (3)
Real estate loans
Consumer loans
Total consumer
Other consumer
Net chargeoffs/avg loans
Real estate loans
Commercial loans
Total consumer
Other consumer
Source: FDIC, NCUA and CUNA E&S
20
FIRST QUARTER 2015
First Quarter 2015
California Credit Union Leaders | All California Credit Unions
March 2015
12-Month Share Growth
Share
Growth*
Credit Union Name
Peoples Ind Church FCU
CU of Southern California
36.18%
30.69%
Capital/Assets
Shares
$84,830
$839,367,055
First US Community CU
26.82%
$294,977,470
Bethel AME SF FCU
21.16%
$391,879
California Community CU
25.36%
$51,132,542
Capital/
Credit Union Name
San Francisco Lee FCU
Assets
Assets
38.44%
$11,754,701
Zion Hill Baptist Church FCU
35.93%
$203,752
Delancey Street FCU
36.39%
Western States Regional FCU
34.82%
Canoga Postal FCU
28.89%
$357,866
$690,894
$945,300
Hanin FCU
20.83%
$25,561,252
USB EFCU
27.55%
Southland CU
20.09%
$509,372,723
Sea Air FCU
25.76%
$145,291,371
16.07%
$3,271,226
25.09%
$3,791,860
United Health CU
20.56%
Community CU So Humboldt
Monrovia City EFCU
18.79%
$57,660,975
$67,512,813
Fresno Grangers FCU
SFV Japanese CU
Loans
75.99%
$73,911,138
73.31%
Solano First FCU
46.27%
Delancey Street FCU
Ventura County CU
56.45%
46.27%
$44,862
$3,140
$70,792,039
$494,438,532
2.03%
$63,900,516
1.81%
$913,184,973
Mid-Cities CU
Bopti FCU
32.30%
$83,246,705
POPA FCU
Pacific Community CU
$6,352,798
Arrowhead CU
Redwood CU
Partners FCU
12-Month Member Growth
Credit Union Name
America's Christian CU
United Health CU
Desert Valleys FCU
Comunidad Latina FCU
Southland CU
El Monte Community CU
Premier America CU
Members
39.47%
31.65%
62,580
78,159
Credit Union Name
Coasthills CU
Redlands City Empl FCU
28.28%
24,753
Vision One CU
18.30%
5,022
18.52%
16.31%
5,683
8,243
2,425
16.22%
55,516
14.72%
81,293
14.74%
2.12%
1.94%
$23,008,111
$23,123,347
1.68%
$2,583,510,452
1.59%
$1,344,064,072
1.62%
1.56%
$63,398,344
$195,855,212
Loans/Shares
Member
Growth*
28.84%
$38,062,506
VA Desert Pacific FCU
RAFE FCU
$410,967,489
36.52%
2.58%
Assets
$161,538,075
37.30%
$14,938,308
ROA
2.36%
CRC FCU
$977,021
Matadors Community CU
43.17%
38.42%
$66,864
Credit Union Name
Bourns EFCU
Jones Methodist Church CU
1st Valley CU
$14,888,425
Return on Assets
Loan
Growth*
Calvary Baptist of Pacoima FCU
25.22%
Cherry EFCU
12-Month Loan Growth
Credit Union Name
Families & Schools Together FCU
26.26%
$2,274,289
3,627
Kinecta FCU
Evangelical Christian CU
Partners FCU
Firefighters First CU
AltaOne FCU
Printing Industries CU
KeyPoint CU
Loans/
Shares
110.55%
108.44%
Assets
$839,561,214
$7,389,167
107.91%
$3,721,747,586
100.05%
$971,312,750
103.76%
$63,108,280
97.10%
$1,344,064,072
96.30%
$607,040,191
97.06%
96.08%
95.10%
$987,992,479
$23,880,836
$921,773,489
*Note: For growth tables, credit unions that have had a substantial merger in the previous 12 months are excluded. A substantial merger is a merger where the assets of
the acquired credit union are more than 5% of the assets of the acquiring credit union.
21
FIRST QUARTER 2015
First Quarter 2015
California Credit Union Leaders | CUs Under $20 Million in Assets
March 2015
Credit Union Name
Bethel AME SF FCU
Monrovia City EFCU
Airco FCU
Espeeco FCU
Deluxe FCU
Pacoima Development FCU
Fairview EFCU
Fresno Grangers FCU
CRC FCU
Capital/Assets
Share
Growth*
Shares
36.18%
21.16%
16.07%
15.62%
13.00%
12.80%
10.40%
7.95%
7.61%
7.29%
$84,830
$391,879
$3,271,226
$13,400,168
$7,407,535
$8,046,563
$3,847,005
$12,088,318
$10,954,406
$7,905,634
Credit Union Name
Delancey Street FCU
Canoga Postal FCU
USB EFCU
Fresno Grangers FCU
SFV Japanese CU
Cherry EFCU
Los Angeles Lee FCU
Credit Union Name
Delancey Street FCU
CRC FCU
Inland FCU
Mojave Plant EFCU
SOCAL FCU
Valley Hills FCU
Northern Redwood FCU
Northeast Community FCU
Loans
73.31%
56.45%
43.17%
$44,862
$3,140
$66,864
$6,352,798
$6,312,637
$713,996
$68,151
$1,471,686
$10,375,025
$5,395,630
Credit Union Name
Daijo FCU
Corrections FCU
CRC FCU
United Association CU
PVHMC FCU
Pomona Postal FCU
LA Healthcare FCU
Credit Union Name
Federal Empl West FCU
Atchison Village CU
Valley Hills FCU
PVHMC FCU
Airco FCU
CRC FCU
Chula Vista City EFCU
Member
Growth*
16.31%
10.87%
5.98%
4.48%
4.27%
4.03%
3.06%
2.37%
2.11%
2.04%
Assets
38.44%
36.39%
35.93%
34.82%
28.89%
27.55%
26.26%
25.22%
25.09%
23.99%
$11,754,701
$357,866
$203,752
$690,894
$945,300
$2,274,289
$14,888,425
$977,021
$3,791,860
$538,863
Return on Assets
Loan
Growth*
36.52%
28.84%
28.00%
26.48%
24.70%
23.21%
21.59%
Capital/
Assets
ROA
1.55%
1.19%
1.07%
Assets
$91,176
$2,037,765
$690,894
1.03%
0.84%
0.72%
0.69%
0.66%
0.65%
0.65%
$13,386,010
$9,641,097
$6,075,233
$10,091,430
$4,870,156
$3,911,484
$14,710,894
Loans/
Shares
Assets
Loans/Shares
Members
2,425
1,887
124
1,026
1,294
413
3,431
1,210
1,937
551
Credit Union Name
Financial Benefits CU
American FCU
Pomona Postal FCU
CRC FCU
SFV Japanese CU
Corrections FCU
Sony San Diego EFCU
Family FCU
108.44%
90.25%
89.12%
88.16%
84.82%
80.36%
80.17%
80.06%
78.81%
73.19%
$7,389,167
$18,717,316
$16,307,436
$4,217,144
$4,870,156
$9,641,097
$977,021
$13,386,010
$6,769,075
$7,972,208
Note: For growth tables, credit unions that have had a substantial merger in the previous 12 months are excluded. A substantial merger is a merger where the
assets of the acquired credit union are more than 5% of the assets of the acquiring credit union.
22
FIRST QUARTER 2015
First Quarter 2015
California Credit Union Leaders | CUs Between $20 Million and $50 Million in Assets
March 2015
Share
Credit Union Name
Hanin FCU
Technicolor FCU
Cedars-Sinai FCU
Diablo Valley FCU
Growth*
Shares
20.83%
15.65%
7.36%
12.42%
10.59%
Sonoma FCU
Desert Communities FCU
San Gabriel Valley Postal CU
Valley Oak CU
Kaiperm North Bay FCU
Sun-Pacific FCU
Capital/Assets
6.65%
6.38%
6.02%
5.61%
5.08%
Assets
Assets
$25,561,252
$42,076,679
Credit Union Name
Matson EFCU
Olive View EFCU
21.79%
21.61%
$32,555,141
$37,402,287
$19,685,546
Fresno Police Department CU
19.08%
$48,181,266
$20,399,257
$31,274,497
LA Electrical Workers CU
Mid-Cities CU
$20,616,419
$17,508,512
Sun-Pacific FCU
SLO CU
$43,274,224
$33,434,751
United Financial CU
allUS CU
$18,039,035
Credit Union Name
1st Valley CU
Hanin FCU
Technicolor FCU
Western Healthcare FCU
McKesson EFCU
Modestos First FCU
Sonoma FCU
Cedars-Sinai FCU
Inland Valley FCU
Loans
38.42%
27.10%
$14,938,308
$20,516,597
16.20%
15.45%
13.66%
Credit Union Name
Desert Valleys FCU
Hanin FCU
RAFE FCU
Sonoma FCU
Cedars-Sinai FCU
McKesson EFCU
Mid-Cities CU
18.30%
14.74%
13.16%
6.12%
5.47%
4.48%
4.06%
3.90%
3.71%
2.82%
14.78%
ROA
Credit Union Name
Bourns EFCU
RAFE FCU
$34,605,222
$22,760,866
$18,682,821
$6,445,471
$16,078,979
Mid-Cities CU
Cal State LA FCU
Eagle CU
Olive View EFCU
$3,090,647
$22,606,313
$17,791,579
Mokelumne FCU
Cedars-Sinai FCU
Hanin FCU
Member
Growth*
16.41%
16.22%
$45,449,297
$23,123,347
$21,624,428
$34,513,337
$36,218,370
$36,233,001
$38,062,506
Return on Assets
Growth*
21.17%
20.68%
17.97%
17.62%
16.53%
20.99%
20.74%
15.91%
15.73%
Bourns EFCU
Loan
Capital/
Loans/Shares
Members
Credit Union Name
Silverado CU
Mid-Cities CU
RAFE FCU
Technicolor FCU
Sonoma FCU
Hanin FCU
Valley Oak CU
McKesson EFCU
Cal State LA FCU
5,022
3,627
3,473
3,780
4,239
1,795
4,177
4,772
1,983
4,446
2.58%
2.12%
Assets
$38,062,506
$23,008,111
1.94%
1.27%
1.24%
1.18%
1.15%
$23,123,347
$42,248,420
$21,084,831
$20,084,922
$37,402,287
Loans/
Shares
Assets
0.89%
0.88%
0.84%
96.08%
85.50%
85.47%
83.52%
82.24%
81.68%
80.26%
77.64%
77.56%
76.05%
$46,608,396
$23,755,894
$28,577,593
$23,880,836
$41,003,755
$23,123,347
$23,008,111
$46,542,771
$21,506,936
$28,577,593
$48,551,999
$26,375,268
$42,248,420
23
FIRST QUARTER 2015
First Quarter 2015
March 2015
Share
Credit Union Name
United Health CU
Mission City FCU
Growth*
Shares
25.36%
18.79%
20.56%
San Bernardino School EFCU
Polam FCU
Vision One CU
Assets
$51,132,542
18.96%
$66,521,698
$67,512,813
Kings FCU
17.29%
$88,618,808
$57,660,975
8.00%
$52,288,902
7.19%
7.05%
United Methodist FCU
Assets
$53,719,325
7.35%
5.87%
Capital/
Credit Union Name
Pacific Transportation FCU
8.39%
8.31%
Lassen County FCU
Capital/Assets
Lassen County FCU
SD Medical FCU
$73,286,837
Bopti FCU
$60,597,982
Glendale FCU
Credit Union Name
Polam FCU
Glendale FCU
$57,818,599
Clearpath FCU
Mission City FCU
First California FCU
California Lithuanian CU
15.25%
15.24%
13.73%
13.49%
25.38%
ROA
$31,340,897
1.44%
Polam FCU
$21,037,939
Merco CU
$23,798,559
0.92%
$51,460,848
PostCity Financial CU
Nikkei CU
Glendale FCU
First Imperial CU
Ontario-Montclair Schl Employees FC
North County CU
9.23%
9.09%
8.38%
7.77%
7.49%
5.30%
3.63%
2.84%
0.81%
Polam FCU
$99,294,685
$77,133,802
0.87%
$30,746,279
$63,398,344
1.07%
South Bay CU
28.84%
18.52%
Assets
$63,108,280
$36,946,857
$22,444,689
Credit Union Name
United Health CU
$99,294,685
1.51%
19.57%
Member
Growth*
$63,108,280
Vision One CU
18.93%
$72,404,180
$54,419,855
1.62%
1.01%
Prospectors FCU
$61,803,288
$63,900,516
Bopti FCU
First Imperial CU
19.49%
$63,900,516
2.03%
$26,163,836
$25,361,490
Nikkei CU
$63,398,344
$32,152,175
20.25%
19.96%
$75,497,051
Credit Union Name
Lassen County FCU
United Health CU
$64,368,980
Return on Assets
29.74%
23.92%
15.53%
Vision One CU
$81,405,273
Loans
23.94%
15.87%
$54,133,529
Growth*
26.36%
16.94%
Loan
17.86%
0.77%
$81,494,413
$86,116,076
$95,120,970
$65,320,506
Loans/Shares
Members
Credit Union Name
Vision One CU
5,683
8,243
7,736
South Bay CU
5,042
Universal City Studios CU
6,069
4,577
First Imperial CU
7,495
Kings FCU
15,915
3,970
Allied Healthcare FCU
5,398
Polam FCU
Loans/
Shares
Assets
103.76%
81.68%
$63,108,280
$99,294,685
73.44%
$70,780,037
72.83%
$81,494,413
77.00%
73.23%
72.25%
71.83%
71.62%
70.58%
$86,116,076
$63,900,516
$77,133,802
$88,618,808
$65,478,884
$51,460,848
Note: For growth tables, credit unions that have had a substantial merger in the previous 12 months are excluded. A substantial merger is a merger where the assets
of the acquired credit union are more than 5% of the assets of the acquiring credit union.
24
FIRST QUARTER 2015
First Quarter 2015
March 2015
Share
Credit Union Name
CAHP CU
ILWU CU
Growth*
Shares
15.67%
Members 1st CU
Assets
Assets
$125,317,061
25.76%
$145,291,371
9.36%
$176,121,063
E-Central CU
16.94%
$159,377,462
7.53%
$117,512,613
8.63%
Solano First FCU
Mocse FCU
Capital/
Credit Union Name
Sea Air FCU
13.07%
Mendo Lake CU
Capital/Assets
7.46%
$149,762,682
Long Beach Firemens CU
$101,015,104
San Joaquin Power ECU
$227,604,641
Harbor FCU
17.75%
16.70%
United Local CU
16.67%
14.48%
6.77%
$114,105,374
Monterey CU
Camino FCU
6.43%
$124,116,798
California State & Fed Emp 20 CU
UMe FCU
6.57%
5.54%
$140,595,310
$153,919,153
Pacific Postal CU
Loan
Credit Union Name
Solano First FCU
CAHP CU
Alta Vista CU
Loans
75.99%
32.30%
22.38%
21.28%
UMe FCU
Heritage Community CU
Fiscal CU
Community First CU
Members 1st CU
20.96%
Community First CU
Mendo Lake CU
Cabrillo CU
Central State CU
CAHP CU
POPA FCU
Torrance Community FCU
Downey FCU
$170,881,475
$94,930,886
1.56%
$62,494,696
CAHP CU
$64,039,181
$53,268,343
$69,368,824
1.39%
1.28%
1.07%
Eagle Community CU
0.71%
Parsons FCU
0.89%
0.70%
0.69%
$195,855,212
$167,275,817
$139,801,385
$127,928,914
$229,339,708
$224,337,552
$159,377,462
$220,454,765
Loans/Shares
Members
11.18%
6.78%
15,492
12,141
Credit Union Name
United Local CU
17,265
Kern FCU
26,508
Santa Cruz Community CU
25,811
Community First CU
21,012
14,618
2.71%
16,809
2.13%
13,808
2.49%
Assets
1.47%
Member
Growth*
3.36%
$213,746,503
ILWU CU
E-Central CU
3.79%
$124,971,555
$83,246,705
$128,645,278
3.61%
$186,312,849
$161,538,075
17.73%
4.57%
ROA
POPA FCU
Yolo FCU
6.53%
$218,651,279
2.36%
$70,792,039
Credit Union Name
13.65%
$111,877,066
$73,911,138
$116,089,211
17.06%
13.85%
$109,228,625
Credit Union Name
20.61%
18.32%
13.87%
$127,644,278
Return on Assets
Growth*
46.27%
13.99%
$167,275,817
ILWU CU
7,611
Loans/
Shares
91.65%
91.37%
82.97%
81.53%
81.22%
76.73%
76.52%
76.12%
POPA FCU
72.10%
CAHP CU
75.75%
Assets
$109,228,625
$161,538,075
$225,981,696
$102,632,406
$174,469,283
$167,275,817
$170,881,475
$127,644,278
$139,801,385
$195,855,212
25
FIRST QUARTER 2015
First Quarter 2015
March 2015
Share
Credit Union Name
SafeAmerica CU
Financial Center CU
Foothill FCU
Growth*
Shares
26.82%
9.95%
10.86%
8.71%
8.46%
UNCLE CU
CommonWealth Central CU
Safe 1 CU
Vons EFCU
7.18%
6.51%
6.32%
5.77%
USC CU
Capital/Assets
5.66%
Capital/
Assets
Assets
$294,977,470
Credit Union Name
Financial Center CU
21.83%
$409,975,902
$263,298,907
Sea West Coast Guard FCU
19.41%
$334,481,140
$322,032,591
$311,657,802
$287,475,764
$276,157,576
$391,453,474
$330,755,024
$349,334,122
$374,390,939
Vons EFCU
Safe 1 CU
Sacramento CU
Glendale Area Schools FCU
Foothill FCU
Sun Community FCU
Loan
Credit Union Name
Sun Community FCU
SafeAmerica CU
Loans
32.02%
26.32%
16.85%
16.43%
SafeAmerica CU
Burbank City FCU
$271,205,154
$226,757,997
$166,195,383
$231,365,271
$147,554,851
Foothill FCU
CBC FCU
USC CU
Long Beach City EFCU
Visterra CU
SkyOne FCU
Members
39.47%
28.28%
8.34%
6.53%
4.49%
3.56%
3.30%
2.58%
1.84%
Assets
UNCLE CU
Alliance CU
1.29%
1.14%
0.91%
0.87%
0.85%
0.84%
0.82%
0.77%
$448,927,944
$393,220,102
$310,028,410
$397,421,887
$370,693,437
$343,263,972
$302,759,018
$437,141,621
Loans/Shares
Member
Growth*
14.09%
ROA
$330,619,300
Credit Union Name
$364,255,180
1.27%
Safe 1 CU
Foothill FCU
$431,802,546
Foothill FCU
$181,240,731
Alliance CU
$324,319,368
$183,446,858
23.25%
17.57%
$330,619,300
$409,975,902
Vons EFCU
UNCLE CU
Sacramento CU
$343,263,972
1.37%
$264,027,952
Sacramento CU
21.04%
10.13%
$393,220,102
$211,346,384
$113,347,216
CBC FCU
12.14%
$397,421,887
Credit Union Name
Financial Center CU
26.02%
24.26%
12.41%
10.37%
Aerospace FCU
Point Loma CU
13.03%
$448,927,944
Return on Assets
Growth*
31.71%
15.48%
11.02%
SkyOne FCU
20.56%
Assets
62,580
24,753
Credit Union Name
First Financial CU
SafeAmerica CU
Loans/
Shares
85.17%
81.99%
$439,340,635
$352,709,890
16,549
79.66%
$302,759,018
28,507
22,878
22,800
64,808
8,772
33,869
34,807
Safe 1 CU
USC CU
Sun Community FCU
San Diego Metropolitan CU
Visterra CU
Burbank City FCU
79.71%
77.28%
74.42%
73.83%
73.36%
70.60%
68.69%
$397,421,887
$412,792,937
$324,319,368
$255,769,042
$342,701,081
$269,630,990
$437,141,621
26
FIRST QUARTER 2015
First Quarter 2015
California Credit Union Leaders | CUs Between $500 Million and $1 Billion in Assets
March 2015
Share
Credit Union Name
Southland CU
Growth*
30.69%
20.09%
Capital/Assets
Shares
$839,367,055
$509,372,723
Capital/
Credit Union Name
SF Police CU
Pacific Marine CU
Assets
Assets
14.07%
$794,645,900
$889,120,249
14.06%
Xceed Financial FCU
13.65%
$806,372,935
Operating Engineers Local Union 3 F
14.06%
9.97%
$857,802,077
Los Angeles Police FCU
12.48%
Arrowhead CU
10.24%
Bay FCU
9.92%
Altura CU
8.49%
Fresno County FCU
8.46%
KeyPoint CU
8.20%
Coasthills CU
8.09%
$776,062,571
$640,321,716
$692,279,303
$509,204,683
$829,141,704
$680,280,166
Farmers Insurance Group FCU
Credit Union Name
Ventura County CU
American First CU
Southland CU
Loans
46.27%
27.97%
21.34%
Financial Partners CU
20.63%
Sierra Central CU
18.10%
Altura CU
18.09%
$913,184,973
Christian Community CU
11.84%
$598,790,367
Los Angeles FCU
Altura CU
$889,120,249
$393,273,830
$722,373,306
$517,725,595
$425,127,787
$385,451,516
Altura CU
Water & Power Community CU
Coasthills CU
Fresno County FCU
Honda FCU
KeyPoint CU
31.65%
16.22%
78,159
55,516
Credit Union Name
Coasthills CU
11.13%
71,259
AltaOne FCU
67,861
67,789
48,870
KeyPoint CU
7.70%
39,296
Bay FCU
5.97%
58,916
7.33%
5.83%
$799,361,849
1.19%
$545,214,370
1.10%
$694,422,179
1.17%
1.08%
0.94%
SESLOC FCU
San Francisco FCU
1.20%
$598,790,367
$839,561,214
$592,645,239
$682,596,685
$607,040,191
Loans/Shares
Members
7.74%
1.38%
0.98%
AltaOne FCU
Member
Growth*
8.15%
Assets
1.21%
Valley First CU
ROA
Operating Engineers Local Union 3 F
$280,773,213
13.37%
$549,609,061
$330,849,578
16.17%
Ventura County CU
$799,361,849
$913,184,973
Santa Clara County FCU
Fresno County FCU
11.70%
1.81%
$410,967,489
$270,352,741
Credit Union Name
Southland CU
11.73%
First City CU
$822,691,296
$494,438,532
17.85%
17.45%
12.16%
Credit Union Name
Arrowhead CU
Valley First CU
Fresno County FCU
$817,324,713
12.31%
Return on Assets
Growth*
37.30%
$694,422,179
Arrowhead CU
Loan
12.92%
$712,967,035
34,780
65,630
Xceed Financial FCU
Honda FCU
Loans/
Shares
110.55%
100.05%
Assets
$839,561,214
$971,312,750
97.06%
$987,992,479
95.10%
$921,773,489
96.30%
95.00%
94.28%
92.65%
92.43%
79.11%
$607,040,191
$694,422,179
$935,890,630
$933,241,266
$598,790,367
$682,596,685
27
FIRST QUARTER 2015
First Quarter 2015
California Credit Union Leaders | CUs Over $1 Billion in Assets
March 2015
Share
Growth*
Credit Union Name
Kinecta FCU
13.93%
Capital/Assets
Capital/
Shares
Credit Union Name
Logix FCU
$3,094,923,028
Assets
Assets
16.26%
$4,013,104,379
13.44%
13.16%
$6,905,956,228
$1,186,239,846
Premier America CU
10.85%
$1,579,813,323
F & A FCU
14.70%
SchoolsFirst FCU
Partners FCU
8.80%
8.41%
$9,342,316,069
$1,175,737,587
Pacific Service CU
Educational ECU
12.98%
12.24%
San Francisco Fire CU
First Tech FCU
Travis CU
Golden 1 CU
10.33%
10.11%
8.29%
7.86%
Redwood CU
7.82%
Star One CU
7.62%
$965,205,714
$5,681,954,391
San Diego County CU
LBS Financial CU
$2,118,202,435
$7,946,117,916
Patelco CU
Golden 1 CU
$2,265,847,865
Travis CU
$5,004,950,364
Mission FCU
Credit Union Name
California Coast CU
Travis CU
San Diego County CU
Golden 1 CU
Premier America CU
First Tech FCU
Logix FCU
Technology CU
California CU
Loans
29.12%
28.54%
24.92%
24.09%
22.78%
$1,283,229,669
$1,427,142,478
$4,360,468,037
$4,923,343,058
$1,200,208,238
Credit Union Name
Redwood CU
Partners FCU
First Tech FCU
San Diego County CU
F & A FCU
$5,109,327,989
$721,032,908
$3,134,787,186
$1,120,463,020
$925,032,530
Logix FCU
Stanford FCU
LBS Financial CU
Educational ECU
Credit Union Name
Premier America CU
Logix FCU
San Diego County CU
SchoolsFirst FCU
Golden 1 CU
Western FCU
California Coast CU
First Tech FCU
Partners FCU
11.92%
11.91%
$1,109,963,136
$2,391,531,875
$4,336,221,380
$9,145,480,800
$2,424,088,405
$2,725,200,876
Return on Assets
Loan
Growth*
21.24%
20.44%
20.17%
19.89%
19.14%
12.01%
11.99%
$1,423,417,062
ROA
1.68%
1.59%
1.34%
1.30%
1.25%
1.24%
1.18%
1.15%
1.11%
1.02%
Assets
$2,583,510,452
$1,344,064,072
$7,674,868,042
$6,905,956,228
$1,423,417,062
$4,013,104,379
$1,765,906,617
$1,186,239,846
$2,391,531,875
$1,055,636,886
Loans/Shares
Member
Growth*
Members
14.72%
10.54%
8.96%
8.52%
7.65%
7.42%
6.93%
6.91%
6.64%
6.47%
81,293
145,163
55,456
286,765
640,828
717,186
177,505
134,214
395,050
113,781
Credit Union Name
Kinecta FCU
Partners FCU
Logix FCU
First Tech FCU
Chevron FCU
California CU
Redwood CU
LBS Financial CU
Meriwest CU
Patelco CU
Loans/
Shares
107.91%
97.10%
94.81%
89.92%
86.46%
85.64%
83.66%
80.34%
77.66%
76.78%
Assets
$3,721,747,586
$1,344,064,072
$4,013,104,379
$7,674,868,042
$2,635,665,627
$1,398,830,601
$2,583,510,452
$1,186,239,846
$1,095,690,551
$4,336,221,380
28
FIRST QUARTER 2015
First Quarter 2015
California Milestones
March 2015
Assets
Members
Loans
Twelve
Currentmonths
Assets
prior % Chg
Twelve
Currentmonths
Members
prior
% Chg
Twelve
Currentmonths
Loans
prior
% Chg
Credit Union Name
Credit Union Name
Exceeded 1,000 Members
Pacoima
Development FCU 1,026
982
Exceeded $1 Million Sunkist EFCU
$1.00 $0.99
Credit Union Name
Exceeded $10 Million PVHMC FCU
$10.09 $9.90
1.9%
Exceeded $25 Million Hanin FCU
$28.58 $23.67 20.7%
Exceeded $50 Million California
Community CU $58.40 $47.73 22.3%
Exceeded $100 Million Shell Western
States FCU
$102.34 $97.79
4.7%
Exceeded $150 Million Central State CU $156.19 $148.00
5.5%
Exceeded $250 Million San Diego
Metropolitan CU $255.77 $246.18
3.9%
Exceeded $500 Million University CU
$504.26 $486.24 3.7%
Southland CU
$583.52 $486.55 19.9%
Exceeded $1 Billion San Francisco
Fire CU
$1,055.64 $952.69 10.8%
4.5%
Desert Valleys FCU 5,022 4,245 18.3%
VA Desert
Pacific FCU
5,042 4,622 9.1%
United Health CU 5,683 4,411 28.8%
Matadors
Community CU 15,492 13,934 11.2%
First Imperial CU 15,915 14,806 7.49%
Cabrillo CU
25,811 24,868 3.8%
SafeAmerica CU 28,507 24,987 14.1%
SCE FCU
50,805 48,493 4.8%
Stanford FCU
52,140 49,014 6.4%
Southland CU
55,516 47,767 16.2%
America’s
Christian CU
62,580 44,870 39.5%
Chevron FCU
102,461 99,580
2.9%
1.4%
Exceeded $5 Million Northeast
Community FCU $5.40 $4.44 21.6%
Inland FCU
$6.31 $4.90 28.8%
CRC FCU
$6.35 $4.65 36.5%
Exceeded $10 Million Northern
Redwood FCU
$10.38 $8.42 23.2%
Exceeded $25 Million PostCity
Financial CU
$25.32 $23.75 6.6%
Lassen County FCU$25.36 $21.09 20.2%
Glendale FCU
$26.16 $20.71 26.4%
Polam FCU
$32.15 $24.78 29.7%
Exceeded $50 Million Pasadena FCU
$50.97 $48.38
Premier
Community CU $51.16 $47.32
Kings FCU
$52.18 $45.69
Fiscal CU
$53.27 $45.02
Miramar FCU
$53.41 $48.87
Parsons FCU
$53.48 $46.48
Clearpath FCU
$54.42 $43.40
Solano First FCU $70.79 $48.40
Families & Schools
Together FCU
$73.91 $42.00
5.4%
8.1%
14.2%
18.3%
9.3%
15.1%
25.4%
46.3%
76.0%
Exceeded $100 Million Sea West Coast
Guard FCU
$113.35 $89.94 26.0%
Heritage
Community CU $116.09 $96.26 20.6%
Exceeded $500 Million Sierra Central CU $517.73 $438.38 18.1%
AltaOne FCU
$526.62 $475.04 10.9%
Exceeded $1 Billion Technology CU $1,120.46 $934.61 19.9%
Premie
America CU $1,200.21 $977.52 22.8%
California
Coast CU
$1,283.23 $993.82 29.1%
Exceeded $5 Billion First Tech FCU $5,109.33$4,214.08 21.2%
SchoolsFirst
FCU
$5,173.18$4,508.55 14.7%
29
FIRST QUARTER 2015
First Quarter 2015
California CU Mergers/Liquidations 2005-1Q ’15
No. of CA
No. of
Mergers/
Year
CA CUs
Liquidations
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
569
551
536
508
488
452
430
418
398
380
361
Percentage
of CA CUs
Mergers/
Liquidations
18
19
16
28
20
34
21
12
20
18
19
3.16%
3.45%
2.99%
5.51%
4.10%
7.52%
4.88%
2.87%
5.03%
4.74%
5.26%
Recent California CU Mergers/Liquidations*
Merged/Liquidited CU
Taylor Meml Untd
Methdst Church FCU
City
Assets
Members Branches Type
Surviving CU City
State
Assets
Oakland
27,820 107 0
L
Biggs
38,093,532 8,377 3
P
Self-Help FCU
Durham
NC
608,085,571 60,407 2
Arcadia
5,264,167 798 1
M
Foothill FCU
Arcadia
CA
330,619,300 22,878 3
Pittsburg
6,094,720 915 2
M
Contra Costa FCU
Martinez
CA
648,355,573 27,232 6
Sunnyvale
17,002,101 1,407 1
P
Technology Credit Union
San Jose
CA
1,901,663,439 73,059 10
Western Valley FCU
Roseville
10,706,647 1,723 1
P
Sacramento
CA
58,396,380 NBC Universal EFCU
Burbank
61,752,474 4,285 2
M
Premier America CU
Chatsworth
CA
1,770,793,553 North Hollywood FCU
N Hollywood
4,377,553 805 1
M
Long Beach
CA
US Engineers LA FCU
Los Angeles
7,191,582 849 1
M
Los Angeles FCU
Glendale
CA
Tustin
78,625,921 6,661 2
P
Southland Credit Union
Los Alamitos
CA
Westside Employees FCU
Santa Monica
11,995,806 1,752 1
P
Los Alamitos
Sequoia Hospital EFCU
Redwood City
13,909,674 1,475 2
M
United Health CU
Sacramento
56,218,129 7,052 2
P
Santa Cruz
27,671,895 2,556 1
Los Angeles
140,809 118 1
Butte FCU
Arcadia City FCU
Pittsburg EFCU
Sunnyvale Federal Credit Union
Patriots FCU
Big Valley FCU
Santa Cruz County ECU
Guidance Church of
Religious SC FCU
Members Branches
8,243 5
81,293 16
74,810,493 7,736 3
822,691,296 53,925 7
583,520,638 55,516 8
CA
583,520,638 55,516 8
Burlingame
CA
65,104,865 5,683 3
Sacramento
CA
331,241,761 24,753 6
P
Bay Federal Credit Union
Capitola
CA
751,924,409 58,916 8
M
Twentieth Century Fox FCU Los Angeles
CA
45,368,827 4,371 3
California Center CU
Ontario
8,631,914 1,495 1
M
Credit Union of
Southern California
Anaheim
CA
971,393,691 78,159 15
Golden West Cities FCU
Garden Grove
41,383,390 3,813 2
M
Credit Union of
Southern California
Anaheim
CA
971,393,691 78,159 15
Interstate FCU
Anaheim
19,111,572 3,091 1
P
Credit Union of
Southern California
Anaheim
CA
971,393,691 78,159 15
South Western FCU
La Habra 129,344,096 11,164 2
P
Credit Union of
Southern California
Anaheim
CA
971,393,691 78,159 15
* Based on year last call report was filed.
30
FIRST QUARTER 2015
California
Profile
CaliforniaCredit
Credit Union
Union Profile
First Quarter 2015
First Quarter 2015
California Credit Union Financial Summary
Data as of March 2015
Credit Union Name
State
Golden 1 Credit Union
CA
SchoolsFirst FCU
First Tech FCU
Star One Credit Union
San Diego County CU
Patelco CU
Logix FCU
Kinecta FCU
Wescom CU
Mission FCU
Chevron FCU
Redwood CU
Travis Credit Union
Educational ECU
SAFE Credit Union
Western FCU
Provident CU
Assets
CA
$11,177,872,554
CA
$7,674,868,042
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
$9,145,480,800
$7,323,974,341
Members Branches
15.3%
6.1%
24.9%
5.7%
20.2%
$2,424,088,405
$2,391,531,875
$2,208,492,966
$2,099,137,375
$2,071,008,394
288,728
8.9%
7.8%
5
14
$2,583,510,452
Growth
41
93,691
145,163
$2,635,665,627
Growth
81
$4,013,104,379
$2,725,200,876
Growth
395,050
717,186
38
$3,216,001,377
12-Month
Loan
43
286,765
$3,721,747,586
12-Month
Asset
640,828
$6,905,956,228
$4,336,221,380
12-Month
9.3%
38
5.2%
276,661
36
11.9%
180,452
28
7.1%
190,476
102,461
201,422
22
23
24
184,678
21
177,505
104,406
6.3%
17
171,061
239,689
16.9%
9.1%
9.3%
15
8.7%
4.8%
44
8.1%
22
4.3%
7.7%
1.9%
11.1%
0.07%
0.00%
0.76
61.2%
30.1%
6.6%
10.5%
16.4%
0.50%
0.06%
1.24
94.8%
29.9%
18.5%
-2.1%
7.2%
12.2%
2.9%
10.3%
0.27%
28.5%
5.7%
11.8%
0.49%
0.09%
1.00
67.4%
14.0%
9.5%
0.89%
0.11%
0.45
65.5%
18.0%
0.0%
11.5%
0.18%
0.03%
0.71
63.1%
2.7%
10.6%
17.7%
13.4%
5.2%
6.5%
4.3%
13.2%
5.5%
12.0%
6.9%
29.1%
6.9%
12.6%
11.2%
6.3%
17.7%
15.8%
7.0%
4
11
California CU
CA
$1,398,830,601
86,173
13
31,483
3
F & A FCU
NuVision FCU
Caltech EFCU
Partners FCU
Kern Schools FCU
Orange County's Credit Union
LBS Financial CU
First Entertainment CU
North Island CU
Pacific Service CU
Coast Central CU
Meriwest CU
Northrop Grumman FCU
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
$1,423,417,062
$1,377,125,443
$1,360,962,342
43,870
87,975
2
10.0%
14
5.0%
$1,344,064,072
113,781
11
$1,232,118,411
90,799
10
$1,336,600,364
153,831
$1,186,239,846
122,100
$1,173,280,389
76,113
$1,178,768,606
$1,109,963,136
$1,097,140,347
$1,095,690,551
$1,055,636,886
$997,716,671
$987,992,479
57,130
6
55,456
57,980
13
$913,184,973
122,246
11
$847,003,102
50,575
11
$830,271,565
80,081
8
Xceed Financial FCU
KeyPoint CU
Arrowhead CU
CA
CA
CA
CA
$935,890,630
$933,241,266
$921,773,489
Operating Engineers Local Union 3 FCU
CA
$889,120,249
Coasthills CU
CA
$839,561,214
1st United Services CU
San Mateo CU
CA
CA
65,630
48,870
75,471
59,008
Los Angeles Federal Credit Union
CA
$822,691,296
53,925
USE CU
CA
$807,621,916
43,702
Los Angeles Police FCU
Altura CU
CA
CA
$817,324,713
$799,361,849
Honda Federal Credit Union
SESLOC FCU
Contra Costa FCU
CA
CA
CA
CA
CA
$712,967,035
$694,422,179
$682,596,685
$666,314,611
$648,355,573
3.4%
9.5%
0.50%
0.03%
0.62
68.2%
25.5%
9.4%
0.32%
0.06%
62.6%
9.0%
2.7%
9.9%
0.15%
0.46%
0.20%
1.01%
0.02%
0.04%
0.75
0.09
61.2%
1.15
80.3%
0.07%
0.83
74.4%
0.71
-0.8%
12.9%
0.09%
-0.03%
0.48
44.1%
3.0%
9.6%
0.90%
0.01%
0.76
77.7%
0.59%
0.09%
0.49
9.0%
11.3%
7.8%
0.55%
0.47%
0.05%
0.07%
0.80
74.7%
0.84
97.1%
11.6%
37.3%
31.6%
12.4%
1.07%
0.08%
0.85
8.5%
7.3%
10.4%
0.27%
0.02%
0.28
3.1%
-10.6%
8.7%
9.6%
4.6%
13.1%
-1.8%
10.3%
4.6%
4.3%
5.8%
7.7%
12.1%
-0.2%
13.4%
15.0%
1.7%
11.8%
4.2%
10.3%
7.9%
0.30%
5.67%
0.02%
0.15%
54.8%
1.02
-4.0%
9.4%
27.5%
0.03%
5.2%
7.7%
3.7%
13.5%
48.8%
7.3%
23.1%
6.7%
5.5%
9.1%
19.2%
13.2%
14.2%
15.5%
26.0%
49.0%
16.7%
53.2%
29.7%
0.75
100.0%
0.0%
9.4%
0.13%
0.03%
0.43
94.3%
22.9%
8.5%
0.14%
0.05%
0.23
95.1%
8.1%
14.0%
0.26%
0.00%
1.21
60.6%
8.8%
0.30%
0.10%
1.17
110.5%
0.68
60.0%
0.49
66.7%
9.4%
0.54%
0.42%
0.49%
0.29%
0.06%
0.22%
0.11%
0.05%
2.7%
12.2%
0.79%
0.16%
1.5%
9.3%
0.16%
0.13%
0.44
0.52
10.3%
69.0%
29.2%
14.0%
18.1%
0.3%
11.3%
0.43%
0.18%
0.56
78.1%
14.2%
71,259
7
7.1%
46.3%
11.1%
8.7%
0.36%
0.17%
0.45
76.5%
10.1%
5.6%
6.0%
3.7%
12.9%
0.46%
0.11%
1.10
95.0%
6.8%
75,782
11
58,353
10
47,488
39,296
27,232
0.7%
18
4
7.9%
6.0%
7.9%
0.25%
0.79%
0.16%
0.71
74.4%
79.1%
26.4%
10.2%
0.02%
0.01%
0.43
31.3%
19.3%
7.7%
8.8%
0.49%
0.01%
0.59
56.4%
continued u
31
19.5%
0.98
-1.0%
68.4%
4.2%
28.8%
0.03%
8.0%
0.41
67.0%
0.18%
4.1%
0.07%
0.88
9.6%
-6.7%
0.25%
0.05%
22.6%
14.1%
9.3%
4.8%
14.3%
61.4%
-2.0%
3.7%
5.9%
6
8.7%
5.5%
1.20
18.8%
65.1%
3.5%
8
6.8%
0.34%
0.03%
27.4%
19
7.5%
11.6%
-0.03
78.6%
1.7%
14.7%
61,442
5
2.3%
0.05%
52.8%
27.4%
-0.3%
3.8%
0.26%
1.81
92.7%
18.1%
9
12.4%
0.20
9.4%
58,916
85.6%
23.4%
12
$751,924,409
Pacific Marine CU
0.81
1.25
83,092
CA
$725,499,888
0.03%
0.04%
18.3%
21.7%
4.9%
5.2%
8.1%
0.47%
65.0%
-2.5%
Bay Federal Credit Union
CA
7
56.3%
1.18
97.1%
10.6%
4.8%
8.2%
0.68
-0.02%
1.59
13.7%
2.7%
1.4%
11
0.10%
0.07%
3.9%
36,144
Ventura County CU
23
14.9%
0.23%
2.3%
20.6%
11.3%
76.0%
4.0%
$794,645,900
$757,228,526
9
0.87
0.96%
4.6%
19.0%
14.9%
0.01%
11.3%
-4.0%
5.4%
66.3%
7.1%
20.2%
6.5%
9.7%
7.0%
6.4%
9.6%
14.5%
0.89
76.5%
22.6%
4
CA
CA
7.2%
9.3%
0.00%
0.92
71.1%
10.2%
38,555
SF Police CU
Sierra Central CU
7
0.09%
0.03%
0.68
44.5%
13.6%
20.4%
-1.8%
7.0%
0.50%
0.15%
1.11
52.6%
71.9%
-9.6%
6
0.91%
0.11%
13.8%
0.78
2
34,780
11,995
0.30%
86.5%
6.4%
15.2%
0.08%
14.9%
$946,719,994
$971,312,750
83.7%
0.76
63.1%
0.36%
11.1%
CA
CA
1.68
0.01%
0.67
11.9%
5
San Francisco FCU
0.04%
0.7%
20.4%
30.9%
0.45%
0.05%
13.4%
0.7%
10.8%
15
67.8%
11.5%
10.3%
4
78,159
1.01
0.79%
2.4%
$971,393,691
0.05%
10.6%
-0.1%
10.1%
CA
11.3%
0.21%
0.34%
-0.4%
5.7%
5.5%
9.4%
107.9%
19.1%
0.3%
6.8%
18
12.4%
76.8%
0.41
0.32%
7.2%
5.3%
11.4%
0.88
0.09%
10.0%
6.4%
-1.3%
11
11.9%
0.04%
0.47%
4.5%
7.5%
11.0%
12
8.0%
0.79%
0.94%
18.5%
1.3%
12.3%
9.7%
2.7%
Credit Union of Southern California
19.9%
7.4%
4.7%
12
48,525
32,044
3.5%
6
10
69,234
7.9%
13
70,494
60,402
6.6%
14.9%
21.4%
5.8%
52,140
89.9%
73.7%
14.7%
120,478
1.34
1.30
22.8%
$1,765,906,617
0.04%
0.01%
3.4%
11.5%
$1,568,603,821
0.30%
0.27%
15.7%
8.5%
9.7%
13.4%
17.8%
16
CA
17.4%
5.8%
21.2%
81,293
CA
Assets
15.6%
$1,770,793,553
Stanford FCU
55.4%
62.0%
CA
Schools Financial CU
0.99
1st Mtgs.
0.83
Premier America CU
5.7%
0.09%
ROA Savings
Fixed Rate
0.07%
24
10
0.56%
Avg Loans
Loans/
0.46%
134,214
73,059
11.5%
Loans
Net
Chg-offs/
11.8%
$1,917,220,793
$1,901,663,439
Assets
Delinq
Loans/
7.4%
CA
CA
Networth/
24.1%
California Coast CU
Technology Credit Union
3.9%
14.7%
Member
FIRST QUARTER 2015
26.8%
12.8%
11.6%
California
Profile
CaliforniaCredit
Credit Union
Union Profile
First Quarter 2015
First Quarter 2015
Credit Union Name
State
Assets
SCE Federal Credit Union
CA
$643,250,654
Santa Clara County FCU
CA
$606,970,874
AltaOne FCU
Fresno County FCU
First City Credit Union
Water & Power Community CU
CA
CA
CA
CA
CA
CA
$607,040,191
$598,790,367
$592,645,239
$583,520,638
$549,609,061
$545,214,370
Members Branches
50,805
10
45,767
7
54,074
29,888
55,472
8
Valley First CU
CA
$544,873,043
67,789
University CU
CA
$504,258,855
32,865
American First CU
Vons EFCU
Point Loma Credit Union
First Financial CU
Merced School EFCU
SkyOne FCU
CBC FCU
USC CU
Financial Center CU
Safe 1 Credit Union
Sacramento Credit Union
Alliance CU
Aerospace FCU
PremierOne CU
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
$510,196,784
$448,927,944
$446,157,754
$439,340,635
$437,141,621
$432,111,316
$431,802,546
$414,691,296
$412,792,937
$409,975,902
$397,421,887
$393,220,102
$370,693,437
$364,255,180
$357,552,906
36,939
22,800
7
31,476
6
24,265
36,102
10,557
25,129
LA Financial Federal Credit Union
CA
$355,189,821
32,330
CA
$343,263,972
11,644
SafeAmerica Credit Union
Visterra Credit Union
Foothill FCU
CA
CA
CA
CA
CA
$352,709,890
$342,701,081
$334,481,140
$331,241,761
$330,619,300
28,507
$302,759,018
Eagle Community CU
AFTRA-SAG FCU
Parsons FCU
Tucoemas FCU
Monterey CU
Santa Barbara Teachers FCU
Pacific Postal CU
Heritage Community CU
POPA FCU
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
$228,865,005
$225,981,696
$224,337,552
ILWU CU
CA
4.5%
7.7%
1.9%
-1.3%
24.8%
9.4%
9.1%
1.8%
10.7%
3.6%
8.1%
0.66%
0.19%
0.49%
0.7%
0.3%
-10.6%
12.0%
-0.4%
0.12%
0.65
0.02
68.7%
36.0%
65.8%
63.2%
21.5%
0.45%
0.23%
1.37
50.8%
13.0%
9.5%
8.5%
0.36%
0.04%
0.79%
0.06%
0.74
77.3%
30.0%
30.2%
17.6%
8.0%
19.8%
26.3%
6.4%
3.4%
0.11%
0.87
79.7%
10.6%
0.14%
0.85
68.6%
11.5%
0.07%
0.43
50.7%
7.2%
-0.04%
0.05%
0.11%
1.14
0.50
0.19
48.9%
21.0%
55.5%
3.9%
8.3%
18.3%
74.4%
27.9%
4
7.1%
23.2%
-5.4%
10.2%
0.08%
0.04%
0.91
65.6%
18.7%
39.5%
9.2%
1.08%
0.12%
0.82
79.7%
20,421
8,772
2
2
2.5%
1
-0.3%
1
4.6%
4
7.2%
15,830
4
16,386
4
19,058
9.5%
6
3
21,044
-0.1%
3
62,580
25,811
0.8%
6.4%
3.9%
4.8%
5
2.7%
2
6
6,641
19,340
15,482
13,437
16,809
13,808
73.4%
14.9%
19.4%
12.0%
8.4%
10.2%
8.3%
8.3%
-0.1%
7.8%
1.5%
8.3%
1.2%
10.0%
3.8%
10.9%
0.06%
0.38%
0.24%
1.79%
0.50%
0.38%
0.07%
0.52%
0.22%
0.04%
0.06%
0.07%
0.60
0.05%
0.70
0.07%
-0.02%
0.01%
0.24%
0.89
0.21
51.3%
31.8%
70.6%
4.1%
0.8%
31.5%
73.8%
22.4%
68.4%
23.1%
33.3%
62.8%
2.9%
6.6%
0.73%
0.03%
0.64
37.6%
14.4%
1.0%
-5.0%
7.6%
0.55%
0.08%
0.19
57.6%
15.3%
30.0%
22.4%
64.6%
19.1%
15.1%
0.3%
7.8%
0.47%
-8.8%
11.7%
-1.0%
13.7%
1.01%
0.19%
-3.1%
-1.8%
13.2%
0.61%
0.11%
3.7%
2.7%
12.2%
0.67%
2.1%
11.8%
1.33%
0.06%
6.5%
8.9%
0.48%
0.04%
13.3%
0.57%
2.0%
-3.6%
-0.9%
4.7%
1.0%
-6.4%
10.1%
-6.3%
12.1%
0.93%
0.05%
1.2%
0.1%
17.7%
0.23%
0.00%
-0.8%
3,257
1
2.1%
9.3%
5.3%
21.0%
7.2%
4.5%
-2.2%
1.4%
11.2%
8.0%
14.1%
7.8%
8.7%
10.7%
0.51%
0.01%
-1.3%
17.7%
4.6%
9.8%
0.01%
0.01%
32.3%
3.4%
7.9%
-2.1%
10.3%
0.25%
0.07%
0.1%
1.28%
0.05%
0.43%
0.32%
0.43%
0.71
0.69
27.8%
0.64
65.0%
0.37
28.5%
0.29
0.03%
-0.07
0.27%
0.21
0.03%
55.0%
1.56
72.1%
64.8%
FIRST QUARTER 2015
18.6%
15.3%
1.5%
4.8%
14.4%
3.0%
0.33
44.3%
20.0%
0.02
81.2%
1.4%
0.01%
-0.77
35.5%
19.0%
0.09%
0.64
41.6%
3.8%
0.04%
0.16%
0.03%
-0.12
0.50
1.47
1.39
2.36
53.2%
44.0%
76.5%
76.7%
91.4%
continued u
32
8.1%
8.3%
2.2%
2
14.9%
-12.4%
3.4%
2
0.47
0.40
51.3%
13.2%
-3.0%
11.2%
2
0.04
42.3%
5.7%
21.1%
3.6%
2
1.27
0.00%
9.2%
1
0.53
14.8%
83.0%
10.6%
15,492
0.24
0.84
-0.02
2
$161,538,075
0.64%
0.03%
0.05%
14,725
CA
5.2%
0.07%
0.07%
0.77%
4.4%
4
1
5.0%
8.0%
12.4%
4
7,162
13,232
-1.4%
10.9%
25.4%
20.6%
6
$169,067,652
2.2%
3.3%
82.0%
0.9%
17,265
16,248
1.2%
-2.0%
0.48
12.8%
2.4%
3
14.6%
6.5%
0.08%
-1.3%
4.4%
5
11.3%
-5.1%
0.36%
13.9%
-2.3%
7
16.4%
2.6%
8.7%
5.5%
0.8%
2
26.0%
14.1%
0.01%
0.77
66.6%
0.67
0.31%
-1.5%
0.02%
0.56
48.0%
0.07%
0.57%
9.3%
7.8%
0.6%
0.52%
0.58
0.35%
-1.5%
17.6%
0.12%
9.8%
7.9%
0.0%
2
$167,275,817
85.2%
0.35%
10,653
$170,881,475
0.19
8.3%
$217,171,761
$173,455,224
0.12%
-3.4%
1.4%
$174,039,773
0.53%
1.41%
16.8%
4
$174,469,283
8.4%
7.7%
3.1%
31,339
$191,494,647
25.0%
0.48%
$219,063,135
$195,855,212
64.3%
15.5%
-0.6%
$200,227,207
1.29
-0.7%
3
$213,746,503
0.10%
0.58%
10.2%
21,577
$218,651,279
0.26%
9.1%
6.7%
$221,241,183
$220,454,765
20.5%
0.74
CA
CA
21.0%
15.7%
18.4%
0.15%
UMe FCU
2.1%
4.9%
73.1%
0.23%
11,533
CA
-0.5%
1.2%
0.49
11.3%
$186,312,849
CA
3.9%
8.3%
-2.6%
-0.03%
-5.2%
CA
Miramar FCU
-3.1%
7.7%
0.56%
32.0%
Edwards FCU
1.4%
24.3%
55.8%
6.7%
4.5%
26,508
CA
0.9%
-1.3%
0.41
52.0%
4.8%
7
22,878
$194,336,272
Community First CU
1.1%
-4.4%
0.42
1.19
75.7%
20.6%
CA
CA
14.2%
0.13%
0.34
62.2%
Mendo Lake Credit Union
Downey FCU
5.9%
0.13%
0.17%
0.05%
1.08
0.59
30,218
Kern FCU
10.5%
0.22%
0.03%
$249,650,884
Cabrillo Credit Union
10.1%
-3.0%
0.17%
0.95%
0.16%
0.49%
CA
$229,339,708
8.2%
8.4%
1.15%
10.0%
Mocse FCU
CA
11.7%
0.24%
28.3%
16,549
Yolo FCU
17.9%
0.7%
0.5%
10.8%
28.0%
5.0%
4
11.0%
11.0%
16.2%
26.3%
$269,630,990
$255,769,042
14.1%
13.7%
13.4%
27.3%
CA
CA
44.4%
5.6%
21.3%
6
Burbank City FCU
San Diego Metropolitan CU
18.1%
17.4%
8.8%
24,753
12,768
22,006
$304,401,513
77.2%
9.3%
51.3%
-6.9%
$310,028,410
CA
17.0%
0.60
0.1%
CA
CA
92.4%
0.09%
5
UNCLE CU
1.38
0.55%
33,869
34,299
Long Beach City EFCU
0.11%
8.8%
31.7%
$324,319,368
$310,449,838
0.13%
2.7%
10.2%
CA
CA
11.8%
16.2%
7
Sun Community FCU
Pacific Oaks FCU
3.5%
3.0%
1
15.8%
-1.2%
5.7%
5
Assets
3.9%
1.1%
6
63.5%
23.1%
6.2%
6
0.84
1st Mtgs.
96.3%
6.9%
6
0.08%
ROA Savings
Fixed Rate
0.94
1.1%
4
0.69%
Avg Loans
Loans/
0.18%
3.7%
5
9.5%
Loans
Net
Chg-offs/
0.60%
2
4
Assets
Delinq
Loans/
9.6%
1.2%
5
4.8%
Networth/
5.2%
3.1%
6
9.5%
Member
10.9%
7.3%
3
Loan
5.1%
14
35,745
47,484
2.6%
4.2%
10
64,808
Growth
5
31,477
34,807
Growth
19.9%
7
35,097
Growth
8
41,677
38,526
12-Month
2
7
32,826
12-Month
Asset
13
67,861
55,516
12-Month
6.4%
17.3%
32.3%
6.9%
8.6%
California
Profile
CaliforniaCredit
Credit Union
Union Profile
First Quarter 2015
First Quarter 2015
Credit Union Name
State
Assets
E-Central CU
CA
$159,377,462
Priority One CU
CA
$153,903,104
Central State CU
Pasadena FCU
Sea Air FCU
CA
CA
CA
$156,189,417
$149,942,783
$145,291,371
Members Branches
16,372
1
24,761
3
21,012
CA
$138,447,374
12,068
Premier Community CU
Chevron Valley Credit Union
Solano First FCU
CA
CA
CA
$138,165,974
$130,984,111
$130,900,963
$129,769,172
14,381
9,879
$120,466,951
CA
4
$115,072,837
15,042
4
$112,004,193
16,072
2
11,417
$111,877,066
10,510
United Local CU
CA
$109,228,625
11,214
$109,657,820
11,518
Shell Western States FCU
CA
$102,342,028
3,827
Pasadena Service FCU
Reach FCU
Grossmont Schools FCU
Merco CU
Clearpath FCU
CA
CA
CA
CA
CA
CA
$102,028,316
$99,294,685
$98,956,634
$95,955,291
Rancho FCU
SMW 104 FCU
Paradise Valley FCU
First Imperial CU
Mission City FCU
First California FCU
SRI FCU
JACOM Credit Union
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
4,436
10,543
4
$85,419,665
10,873
5
$83,843,223
5,056
1
$86,116,076
$84,725,604
7,243
8,492
2
15,915
3
$80,793,271
9,197
1
$79,854,021
$79,404,750
4,284
3,698
9,676
2
CA
$74,810,493
7,736
3
Chabot FCU
Universal City Studios CU
La Loma Federal Credit Union
Kaiperm Diablo FCU
Bay Cities CU
Nikkei CU
Pacific Transportation FCU
CA
CA
CA
CA
CA
CA
CA
CA
$74,169,965
$72,404,180
$71,919,150
$70,780,037
5,670
6,299
5,468
2,157
5,965
3
-0.4%
8.8%
1.0%
4.3%
-17.7%
6.5%
2.3%
5.6%
1.5%
23.9%
0.5%
-0.4%
-0.4%
17.7%
0.10%
-0.01%
0.34
49.8%
21.5%
0.04%
0.03%
0.39%
12.2%
0.14%
0.09%
0.55
46.1%
14.4%
17.3%
0.58%
0.12%
0.67
71.8%
7.3%
0.81%
0.07%
0.27
68.6%
12.6%
8.2%
0.08%
0.07%
-0.63
64.0%
31.2%
12.8%
2.80%
0.04%
0.63
61.5%
13.0%
50.4%
16.7%
0.41
50.1%
18.0%
1.07
72.2%
7.7%
7.6%
10.2%
7.8%
10.2%
8.6%
0.00%
0.08%
0.14%
0.00%
1.10%
0.05%
0.32%
0.00%
0.04%
0.02%
0.08%
-0.3%
14.7%
-2.4%
19.5%
9.9%
United Health CU
CA
$65,104,865
5,683
3
-2.1%
24.1%
1
7.1%
4.7%
0.2%
1.01
0.14%
-0.30
-0.01%
-0.08
0.19%
0.62
0.04%
1.34%
0.00%
0.06
0.31%
-0.11
15.2%
0.07%
12.6%
7.2%
15.2%
8.2%
11.5%
7.6%
29.7%
2.3%
11.2%
-2.3%
17.9%
20.2%
18.8%
6.9%
9.5%
1.22%
0.00%
0.18
-0.01%
8.4%
28.8%
0.33
0.41%
14.0%
-4.3%
20.0%
0.87
10.0%
13.0%
1.6%
0.57
0.06%
-2.3%
11.8%
0.18
8.5%
-2.5%
-1.4%
0.31
0.06%
0.87%
-10.5%
3.06%
1.59%
0.36%
0.22%
0.54
67.0%
51.8%
43.1%
77.0%
32.2%
72.8%
43.3%
36.7%
33
FIRST QUARTER 2015
7.1%
27.2%
3.2%
11.0%
23.0%
0.0%
5.6%
4.2%
12.6%
8.8%
45.9%
12.3%
47.3%
12.2%
39.6%
67.2%
8.5%
11.4%
0.30
30.3%
21.2%
0.02%
-0.08
46.2%
18.9%
0.11%
0.15
37.2%
0.0%
0.07%
0.12
-0.01%
1.48%
0.00%
-0.03
35.4%
0.26%
-0.01%
0.72
71.6%
11.9%
3.77%
0.10%
-0.06
53.3%
15.3%
1.68%
0.00%
0.00%
0.13%
-0.05%
0.03%
-0.38
0.77
0.40
40.5%
8.6%
0.04%
0.68%
0.27
73.4%
62.2%
55.6%
48.5%
continued u
18.3%
44.1%
1.9%
-2.4%
52.2%
0.81
6.3%
6.7%
0.20
0.09%
10.4%
9.2%
3.9%
81.7%
8.8%
11.4%
7.5%
-1.5%
9.5%
9.4%
1.44
0.13%
-0.4%
6.6%
0.5%
5
4,934
0.7%
1.0%
50.0%
10.9%
0.00%
0.36%
3.3%
4
$64,368,980
25.4%
-0.04
40.8%
0.51%
8.9%
0.00%
-11.1%
23.7%
-1.6%
13.5%
1.20%
4
91.7%
8.8%
2.7%
2.4%
0.09%
13.1%
1
0.48
27.4%
-2.0%
0.17%
-1.9%
7,546
15.9%
0.43
-4.0%
$66,521,698
33.2%
0.16%
3.2%
1.0%
0.52
9.9%
3.5%
8.0%
0.50%
1
3
12.7%
-0.54
-5.6%
3.8%
46.6%
0.39%
-2.2%
2
0.60
14.6%
7.3%
1.94%
-3.3%
6,669
CA
71.1%
1
$65,478,884
Lassen County FCU
0.16
-0.01%
49.8%
2.8%
1
3,151
0.10%
0.88%
6.9%
0.37
8.6%
11,683
$65,320,506
68.7%
0.41%
-4.9%
6.9%
8.9%
0.13
-2.0%
1
26.1%
0.46%
1.4%
3.5%
40.7%
0.05%
-5.9%
CA
CA
37.1%
3.2%
Allied Healthcare FCU
Polam FCU
0.51
0.05
8.3%
-0.2%
5.3%
$67,871,497
6,069
0.08%
0.05%
0.0%
-5.6%
-4.8%
2.8%
2
$67,780,606
5.2%
14.7%
23.9%
13,149
4,521
21.6%
12.3%
8.4%
$69,363,263
$68,928,347
0.40
81.5%
-2.0%
-2.9%
0.00%
-0.70
-7.0%
17.9%
12.8%
76.1%
0.16%
1.0%
2.2%
1
64.8%
0.39
2.44%
-5.3%
5.1%
1.07
8.2%
9.8%
0.8%
1
$75,497,051
0.8%
1
$81,494,413
$80,984,286
2.4%
0.07%
6.8%
-4.9%
8.6%
$87,063,547
6.0%
7.2%
0.09%
6.3%
3
12.2%
0.09%
7.0%
-1.5%
5,242
60.2%
16.7%
-3.2%
14.2%
$88,298,680
11.9%
-8.6%
8.3%
3.3%
4.6%
44.0%
59.9%
0.17%
-4.3%
1.2%
0.12
31.9%
2.22%
1.2%
-0.1%
0.07
0.17
53.6%
14.1%
-7.9%
0.2%
0.32
0.7%
2.7%
4.7%
8.4%
0.03%
0.85%
0.51%
-1.9%
1
1
0.32%
0.40%
0.28%
-0.05%
10.2%
6.1%
5,398
CA
8.1%
8.6%
0.04%
0.06%
-6.2%
-1.1%
1
0.51%
2.5%
10.5%
8,315
1.89%
0.37%
-6.3%
2
3,634
12.2%
0.22%
5.3%
$91,238,760
50.1%
0.2%
-2.4%
3
0.32
13.7%
12.0%
12,245
0.03%
-3.1%
1.7%
0.2%
0.06%
0.13%
0.10%
16.7%
6.1%
11.2%
9.4%
1.7%
11.4%
42.9%
0.05%
2
$77,133,802
Musicians' Interguild CU
8.8%
6.7%
16.1%
-0.21
11.2%
16.1%
CA
CA
9.9%
10.5%
25.7%
33.3%
0.05%
-8.9%
-2.6%
SD Medical FCU
-0.7%
8.3%
-0.06
Assets
0.05%
17.1%
2
2
-6.4%
10.2%
5.4%
$88,618,808
South Bay Credit Union
-1.6%
9.0%
1
CA
Tulare County FCU
75.8%
0.08%
1st Mtgs.
50.1%
1.28
1.57%
7.9%
-0.5%
0.29
0.04%
4.4%
2
0.01%
Fixed Rate
66.9%
0.16%
3.9%
9.8%
-0.05
8.9%
-13.4%
10.6%
0.13%
70.5%
3.4%
0.9%
4.1%
1
0.47%
0.70
38.4%
7,495
Kings FCU
CA
6,130
0.64%
0.10%
ROA Savings
-0.25
25.7%
3
$91,459,339
United Methodist FCU
1,536
1.38%
Avg Loans
Loans/
0.04%
-18.8%
1.9%
2
8.8%
Loans
Net
Chg-offs/
0.27%
76.0%
2.4%
8.8%
10,258
$92,962,125
CA
CA
9,075
-1.3%
16.9%
$95,120,970
Ontario-Montclair Schl Employees FCU
San Diego Firefighters FCU
12,141
2.1%
0
3
$105,235,160
$102,632,406
3
8.1%
Assets
Delinq
Loans/
10.5%
-1.9%
7.9%
Networth/
-4.9%
18.3%
46.3%
0.1%
1
1
CA
CA
22.4%
7.4%
6.7%
1
12,155
California Bear CU
3
11,065
7,611
-0.4%
3
$121,905,076
CA
CA
6.5%
3
1
Harbor FCU
Cooperative Center FCU
0.1%
1.1%
2
6,010
$114,015,597
3.1%
5.4%
-0.5%
CA
CA
-0.4%
-2.2%
Torrance Community FCU
Schools FCU
-5.8%
0.0%
3,832
Chaffey Federal Credit Union
-2.5%
4
$124,971,555
CA
0.0%
13,743
11,578
CA
Members 1st Credit Union
1
3.6%
-1.1%
California State & Fed Emp 20 CU
CA
3
3.9%
21.3%
14,371
Central Coast FCU
5.5%
-2.2%
-0.5%
$127,928,914
$127,644,278
4
-0.2%
Member
2
CA
CA
-1.9%
Loan
12,250
Growth
16.6%
Camino FCU
CA
Growth
2
14,618
Alta Vista CU
Growth
-0.1%
$139,801,385
$139,069,395
12-Month
1
7,577
CA
CA
12-Month
Asset
10,839
CAHP CU
Fiscal CU
12-Month
8.6%
5.9%
26.9%
8.6%
4.1%
First Quarter 2015
First Quarter 2015
Credit Union Name
State
Assets
Santa Ana FCU
CA
$64,270,146
CalCom FCU
CA
$63,465,352
Bopti FCU
Vision One CU
Prospectors FCU
Glendale FCU
Marin County FCU
CA
CA
CA
CA
CA
CA
$63,900,516
$63,398,344
$63,108,280
$62,796,697
$61,803,288
$60,246,494
Members Branches
-1.4%
1
7.2%
4,810
2,080
5,026
4,577
4,535
2
Huntington Beach City ECU
Valley Oak CU
Fresno Police Department CU
Union Yes FCU
Mokelumne FCU
Technicolor FCU
Health Associates FCU
CA
CA
CA
CA
CA
CA
CA
CA
CA
$51,896,198
$51,460,848
$49,159,993
$48,551,999
$48,181,266
7,378
2,048
2,834
6,822
3,185
$48,106,281
17,477
$46,542,771
4,526
$46,608,396
$45,868,457
5,982
6,300
15.5%
1.1%
-9.9%
11.7%
8.1%
5
22.3%
2
0.9%
1
1
4
0
26.4%
3.8%
-12.3%
-9.3%
-17.8%
2
14.7%
21.2%
1.3%
1.5%
-12.1%
6.0%
0.2%
2
-4.8%
0.9%
5.0%
6,282
1
LA Electrical Workers CU
CA
$45,449,297
3,661
1
-1.8%
California Adventist FCU
CA
$44,816,056
3,344
1
2.7%
7.1%
3
-2.5%
2.7%
2
0.2%
Twentieth Century Fox FCU
Cal State LA FCU
Silverado Credit Union
S T A R Community CU
Dow Great Western CU
Santa Barbara County FCU
Inland Valley FCU
Capstone FCU
Escondido FCU
Sonoma County Grange CU
Parishioners FCU
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
$45,368,827
$42,248,420
$41,003,755
$40,396,089
$39,985,115
$39,841,828
$39,385,209
$39,370,568
$38,845,649
$38,274,863
$38,074,646
2,850
4,371
4,575
4,916
3,032
2,228
5,025
3,327
2,811
2,639
2,517
4,447
1
3
$36,285,130
3,450
1
2.0%
-4.8%
6.4%
Diablo Valley FCU
CA
$34,208,503
2,663
1
10.4%
0
-1.3%
1
-6.4%
1
-1.1%
4.5%
Delta Schools FCU
Matson EFCU
San Mateo City EFCU
Media City Community CU
UPS EFCU
Bakersfield City EFCU
Modestos First FCU
CA
CA
CA
CA
CA
CA
CA
CA
$34,369,956
$33,865,304
$32,555,141
$31,255,611
$31,124,348
$30,991,788
$30,796,832
$30,760,786
3,168
3,199
1,306
1,043
3,156
5,763
2,518
2,432
1
0
1
CA
$30,630,517
3,646
1
Utility District CU
CA
$29,406,534
2,328
2
Hanin FCU
Sequoia FCU
California Agribusiness CU
Sierra Point CU
CA
CA
CA
CA
CA
$30,534,808
$28,577,593
$28,362,040
$28,025,014
$27,916,941
2,492
1
1.9%
1
1.0%
40.0%
7.2%
10.7%
18.3%
4.6%
11.7%
9.0%
7.6%
10.6%
12.2%
20.9%
8.8%
-0.2%
-2.3%
-3.2%
-3.6%
-8.1%
1.41%
3.86%
0.16%
0.88%
0.01%
-0.41
77.6%
0.07%
0.89
40.1%
0.07%
0.47%
0.09%
2.19%
0.58%
1.69%
0.14%
0.28%
-0.03
0.60
9.1%
0.00%
0.29
12.9%
8.2%
8.5%
0.15
42.8%
40.4%
59.2%
34.3%
76.1%
0.01%
-0.07
29.8%
0.07%
-0.01%
0.07
0.13%
0.21%
-0.35
0.26%
0.02%
0.01%
-0.01%
0.07%
0.25%
0.08%
0.00%
-0.01%
0.05%
0.14%
-0.13
0.82
85.5%
41.0%
12.7%
0.02
68.6%
0.0%
2.58
64.9%
0.02%
17.7%
0.31
67.6%
10.3%
3.3%
31.5%
15.4%
0.99%
0.25%
0.06
42.3%
9.1%
0.07%
0.04%
13.3%
-0.10
33.2%
0.05%
-0.01%
-0.47
0.31%
-0.04%
0.08
39.9%
2.51%
-0.04%
0.55
24.3%
8.0%
0.99%
9.6%
46.6%
0.12%
-4.5%
21.7%
0.36
51.3%
66.5%
0.06%
8.1%
1.15
0.31
0.28%
0.39%
0.30%
0.00%
0.00%
0.21%
0.18
71.2%
0.10
11.0%
0.31
68.1%
0.49
59.2%
13.5%
-2.0%
9.7%
0.12%
17.6%
0.2%
13.2%
0.07%
-0.01%
-4.4%
13.6%
2.30%
0.03%
0.34
40.1%
8.8%
0.26%
0.00%
0.84
80.3%
0.08%
0.41
57.9%
0.9%
2.1%
2.1%
27.1%
-0.2%
-4.0%
-2.7%
-2.9%
0.6%
-0.4%
13.2%
12.9%
8.3%
6.4%
8.3%
-5.4%
12.6%
-5.0%
8.5%
0.4%
8.3%
0.03%
0.46%
0.08%
0.73%
0.70%
0.46%
0.12%
34
FIRST QUARTER 2015
32.9%
0.0%
0.3%
0.0%
38.7%
10.5%
2.0%
0.0%
22.7%
27.2%
2.1%
2.2%
1.0%
-0.02%
0.71
53.9%
0.08%
0.16
60.2%
12.6%
-0.04%
0.07
65.9%
23.5%
33.2%
11.6%
38.7%
14.1%
0.01%
0.00%
0.11%
0.06%
0.36
0.36
0.57
0.07
0.22
38.6%
24.3%
60.8%
continued u
3.5%
37.3%
-0.20
2.28%
3.1%
33.5%
0.11%
15.9%
4.2%
0.06
-0.29
0.06%
13.8%
0.2%
25.2%
2.78%
3.39%
21.2%
49.2%
8.0%
11.0%
0.4%
16.5%
0.50
0.02%
0.05%
4.9%
0.0%
22.5%
0.10%
0.01%
12.9%
57.6%
10.0%
21.6%
1.4%
1.6%
-0.24
0.00%
23.4%
20.3%
0.32
1.27
0.02%
1.6%
16.9%
0.34
0.01%
0.07%
52.2%
0.0%
23.9%
-0.08
0.22%
28.8%
11.6%
82.2%
0.09%
0.00%
1.5%
0.0%
59.7%
0.86%
0.01%
32.4%
70.6%
0.14
65.7%
0.10%
0.0%
0.92
-0.47
-0.01%
7.5%
12.6%
-0.05%
0.22%
5.6%
5.5%
43.9%
0.30%
0.17%
0.43%
9.1%
0.07
56.0%
-0.02
9.7%
9.7%
0.25
34.2%
-0.01%
15.6%
0.7%
0.00%
0.12
43.6%
0.19%
-1.9%
-2.5%
0.25%
0.37
39.9%
1.3%
-3.7%
-7.6%
3
2,458
0.26
0.14%
0.02%
1.62
12.7%
3.0%
4,770
0.04%
0.66%
0.15%
1.8%
12.1%
20.7%
1
5.5%
1.5%
2
-1.5%
-5.9%
7.1%
3,473
2,154
-1.1%
2.1%
1.2%
0.6%
0.17%
7.6%
-3.5%
-5.2%
-3.9%
9.7%
-1.7%
2.0%
2.0%
1.0%
1
United Catholics FCU
Greater Valley Credit Union
-3.6%
2
1.3%
20.7%
1
My CU
12.1%
1.8%
1,967
13.7%
14.7%
-1.2%
$34,513,337
68.3%
-2.4%
7.1%
1
CA
0.33
-9.8%
0.8%
SLO Credit Union
0.14%
14.3%
-3.4%
1
0.25%
-18.8%
1
3,648
9.7%
3.9%
38.4%
$35,696,841
2,201
1.0%
4.0%
CA
$34,714,769
13.7%
-7.3%
3.7%
15.7%
10.5%
-8.5%
1
50.0%
-4.5%
3.5%
2.3%
1
Western Healthcare FCU
CA
-7.0%
-0.5%
1
Fresno Fire Dept CU
-0.9%
15.4%
3,655
2,538
1.1%
5.2%
3.8%
0.47
7.8%
1
$36,233,001
$36,218,370
2.6%
0.02%
-6.3%
-2.8%
CA
CA
-0.9%
1
allUS CU
United Financial CU
2.6%
0.21%
12.4%
-4.2%
1
CA
9.7%
7.2%
15.3%
-1.2%
-4.4%
5,192
1st Valley CU
-4.2%
3.1%
$37,402,287
3,609
1.2%
2.1%
1
1.7%
2
CA
$36,501,688
-1.6%
-11.2%
Olive View EFCU
CA
2.2%
-11.2%
1
Ocean Crest FCU
1.8%
-1.0%
1
2,639
4,305
1.6%
2.0%
1
$38,062,506
$37,649,864
1.6%
1
CA
CA
-0.2%
1
Bourns EFCU
3.8%
-0.8%
7.5%
1.4%
0.53%
-3.5%
55.5%
73.2%
103.8%
10.2%
-2.0%
0.21
2.03
Assets
1.51
9.2%
0.16%
50.0%
0.00%
0.05%
1.0%
4.1%
-2.2%
0.19%
0.30
1st Mtgs.
0.00%
11.9%
1.09%
0.01%
-4.3%
0.10%
ROA Savings
Fixed Rate
13.7%
15.9%
11.0%
0.7%
Avg Loans
Loans/
1.02%
-3.1%
-4.9%
Net
Chg-offs/
12.4%
-1.3%
-2.8%
2
2
0.05%
12.0%
$45,803,161
$45,529,623
3.6%
15.1%
0.00%
18.5%
CA
CA
7.8%
7.4%
Loans
19.6%
Rolling F Credit Union
MWD FCU
-1.0%
Assets
Delinq
Loans/
11.5%
-22.0%
1.8%
-3.6%
Networth/
0.2%
-6.4%
4.9%
-1.1%
-0.3%
9.3%
-2.4%
9.1%
8.3%
-2.2%
2
-1.3%
-1.2%
4.6%
-0.1%
Member
18.9%
0.6%
1
Polam FCU
9.8%
5.5%
1
6,729
County Schools FCU
-0.8%
-0.3%
$58,441,253
8,243
Loan
1
CA
2,652
2.5%
1
Siskiyou Central CU
$58,396,380
Growth
4
1
CA
Growth
2
3,970
Growth
8,117
5,042
$59,768,715
$59,035,470
12-Month
1
CA
CA
12-Month
Asset
6,429
North County CU
Menlo Survey FCU
12-Month
4.5%
15.4%
0.0%
4.3%
0.0%
12.9%
12.4%
First Quarter 2015
First Quarter 2015
Credit Union Name
State
Assets
Auto Club FCU
CA
$27,731,813
McKesson EFCU
CA
Desert Valleys FCU
CA
Mattel FCU
Golden Valley FCU
ILWU - FSC FCU
Cedars-Sinai FCU
Culver City EFCU
Allied CU
Mid-Cities CU
Antioch Community FCU
Hamilton FCU
RAFE FCU
Sun-Pacific FCU
Sonoma FCU
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
Members Branches
4,529
2
$26,375,268
4,772
1
$25,689,537
5,022
1
$27,298,554
$25,809,228
$24,942,951
$24,216,335
$23,880,836
$23,755,894
$23,615,279
$23,161,560
$23,123,347
$23,116,914
$23,074,667
$23,008,111
$22,595,046
$21,624,428
$21,506,936
2,784
2,893
2,803
3,627
5,015
4,177
1,842
2,225
4,446
1,643
1,698
4,239
1,983
2,067
1,795
12-Month
12-Month
12-Month
Growth
Growth
Growth
Asset
-0.6%
1
-12.2%
1
0.0%
1
0.3%
2.3%
14.7%
4.1%
13.8%
-6.7%
-7.3%
-2.3%
4.5%
16.2%
1
1.5%
1.3%
1.0%
1
-1.5%
1
-2.5%
2
2
16.4%
8.3%
16.5%
4.5%
6.1%
1
-0.2%
14.1%
1
2.2%
SF Bay Area Educators CU
Financial Benefits CU
Ontario Public EFCU
Moore West FCU
CA
CA
CA
CA
$19,755,093
$19,602,637
$18,717,316
$18,637,120
$18,282,722
3,658
1,911
2,758
2,132
1,487
2
1
-11.8%
1
-3.0%
-2.2%
CA
$18,076,559
1,781
1
IBEW Members CU
CA
$17,578,826
1,581
1
CA
$18,020,453
1,337
CBS EFCU
CA
$17,488,819
3,171
2
So-Val TEL FCU
CA
$16,087,000
1,902
2
American FCU
McClatchy ECU
CA
CA
$16,307,436
$15,606,820
2,807
1,277
-2.6%
1
Northern Redwood FCU
Pacific FCU
2.2%
1
CA
$14,772,220
1,210
1
14.1%
1
-10.1%
LA Healthcare FCU
ATD FCU
Fairview EFCU
Fontana FCU
CA
CA
CA
CA
CA
$14,888,425
$14,710,894
$13,932,486
$13,854,069
$13,608,914
835
2,713
916
1,420
1,864
1
3
1
-12.2%
-4.3%
-9.5%
-4.0%
-8.9%
2.6%
-8.3%
-1.6%
0.9%
-17.7%
1
-1.4%
6.0%
3
-6.1%
3
-1.3%
1
9.6%
Inland FCU
C & H Sugar EFCU
PVHMC FCU
Northeast Community FCU
CRC Federal Credit Union
Union Pacific California EFCU
Victor Valley FCU
Espeeco FCU
Deluxe FCU
CA
CA
CA
CA
CA
CA
CA
CA
CA
993
1
$10,612,549
1,400
1
$10,091,430
3,431
0
$10,514,582
$10,012,310
$9,641,097
$9,285,928
$8,989,434
$8,968,881
$8,809,746
1,035
1,458
1,937
2,128
931
1,258
701
0.69%
9.2%
20.8%
12.0%
-0.04%
0.00%
-3.1%
-2.1%
18.4%
11.8%
1.43%
13.4%
-10.3%
6.3%
0.12%
3.0%
-2.0%
-8.7%
0.00%
4.8%
-2.7%
1.1%
-8.9%
10.9%
28.8%
-6.2%
2.7%
21.6%
7.4%
36.5%
3.6%
-3.6%
10.0%
14.6%
-0.8%
-7.3%
8.2%
11.4%
9.2%
-6.2%
38.4%
-1.3%
22.6%
1.08%
33.1%
4.7%
0.42
46.4%
0.0%
0.12
31.5%
32.4%
0.0%
0.05%
0.41%
0.00%
0.28%
0.37
-1.43
-0.08
14.8%
14.6%
38.8%
5.7%
52.6%
12.5%
0.00%
0.24
57.2%
23.2%
0.12%
0.34%
0.00%
2.1%
13.9%
0.09%
-3.4%
8.0%
-15.0%
-4.0%
17.9%
0.84%
8.3%
0.28%
-0.35%
0.05%
0.00
0.18
0.35
-1.34
0.69
0.32
0.84
38.6%
42.0%
30.8%
35
FIRST QUARTER 2015
0.0%
4.4%
0.0%
0.0%
64.8%
23.8%
60.7%
0.0%
80.4%
0.0%
40.4%
65.9%
0.0%
0.0%
0.19%
-0.17
64.9%
14.4%
0.05%
-3.08
60.2%
0.0%
2.17%
-0.02%
0.65%
0.42%
-0.33
-0.62
32.0%
42.7%
continued u
0.0%
-0.59
10.3%
0.49%
0.0%
0.00%
0.11
41.3%
7.9%
0.0%
3.1%
9.1%
34.9%
0.0%
52.5%
0.01%
-0.4%
50.6%
0.00
0.13%
4.29%
0.39
0.0%
47.2%
0.00%
0.71%
18.2%
-5.62
0.0%
-0.51
7.8%
-3.9%
-2.17
17.5%
-0.06%
2.16%
0.11%
0.0%
0.65
-0.02%
0.24%
0.0%
0.12
0.10%
0.00%
0.30%
6.3%
2.3%
0.0%
-0.07%
0.00%
0.0%
63.1%
0.51%
3.26%
89.1%
6.8%
17.1%
0.20
-0.06%
0.16%
0.26
0.0%
0.00%
0.00%
12.1%
1.3%
1.9%
1
0.16%
-0.1%
14.7%
2.1%
1
1.5%
1.8%
-1.7%
0
6.5%
0.00%
0.09%
80.1%
1
1,887
1.47%
1.03
-8.6%
$11,754,701
12.8%
0.56%
9.3%
0.00%
0
$12,162,400
34.3%
0.33%
1,304
CA
0.09
8.4%
$12,233,789
CA
0.00%
-3.3%
4.7%
1.54%
1.9%
1
Federal Empl West FCU
14.0%
36.5%
1.8%
2,449
1
32.8%
-0.79
38.6%
$12,591,678
1,338
-0.11
-0.01%
23.1%
62.1%
-0.48
CA
$12,465,443
-0.04%
0.17%
0.15
0.34%
Cal Poly FCU
CA
5.8%
90.2%
1.17%
2.8%
CA
55.6%
1.45%
7.6%
0.00%
3.2%
17.0%
16.8%
0.12%
2.4%
45.5%
18.3%
1
Newport Beach City EFCU
-0.31
-0.17
7.2%
0.0%
3.5%
-3.2%
-1.7%
1,567
Watsonville Hospital FCU
-0.04%
-0.06%
0.07
0.0%
58.1%
10.7%
$13,013,961
1
31.3%
1.18
2.7%
19.0%
-4.8%
CA
960
-0.26
0.23%
23.9%
41.7%
14.3%
-2.6%
Palm Springs FCU
$12,757,863
36.1%
-10.8%
0.8%
CA
0.83
-0.17
-0.65
-5.8%
-8.6%
30.7%
-0.02%
18.4%
-2.6%
0.01
0.00%
0.01%
33.8%
0.00%
7.8%
-4.1%
2.4%
1.24
53.8%
-23.7%
1
El Cajon Federal Credit Union
-10.0%
9.4%
-3.45
4.7%
707
1
1.6%
0.7%
0.22%
0.92%
1.14%
$13,404,404
2,617
-8.5%
8.6%
8.6%
6.5%
CA
$13,386,010
2.8%
-0.7%
0.35%
-1.6%
High Sierra CU
CA
-0.5%
-4.4%
7.2%
-8.7%
-4.1%
Corrections FCU
-0.2%
-2.1%
-1.2%
0
1
-0.03%
1.90%
2.86%
1,048
3,008
0.57%
12.7%
0.07%
26.3%
$13,533,023
$13,419,963
0.33%
8.1%
12.2%
-6.7%
CA
CA
3.4%
0.17%
-9.4%
SF Recreation & Parks FCU
Star Harbor FCU
81.7%
7.1%
6.9%
1
0.70
-2.6%
1.1%
Airco FCU
Fresno Grangers FCU
0.00%
0.62%
-17.9%
4.6%
1.1%
0.00%
0.21%
-6.5%
5.7%
5.2%
2.28%
-15.8%
1
25.3%
11.4%
5.4%
3,148
-0.04
0.4%
8.9%
$15,370,850
-0.03%
0.82%
39.7%
17.3%
26.8%
2.92%
0.08%
6.5%
85.5%
3.2%
8.1%
-0.86
0.62%
-3.8%
CA
8.3%
1.94
9.4%
0.25%
10.9%
23.2%
Coast-Tel FCU
8.2%
0.55%
0.66%
-0.6%
4.7%
3.3%
2
-4.1%
15.5%
1.21%
0.2%
0.0%
-1.7%
3.7%
-10.6%
CA
40.4%
0.7%
2.8%
7.1%
Organized Labor Credit Union
0.02
83.5%
20.8%
0.22%
7.3%
15.2%
2.12
-7.4%
1
96.1%
0.88
9.2%
11.9%
0.97%
4.4%
3,780
0.53
3.8%
42.1%
2.95%
0.8%
$20,084,922
1.18%
0.16%
29.2%
13.8%
-6.1%
0
CA
7.0%
-0.48
-0.49
5.5%
-8.4%
2,148
1.26%
0.23%
31.9%
45.1%
$20,498,935
4.7%
6.6%
0.0%
-1.14
0.45
CA
2
0.12%
57.9%
0.26
0.07%
0.11%
Harbor Area Postal EFCU
1,750
1.17%
18.8%
0.01%
2.8%
-4.6%
$20,498,197
-0.48%
77.6%
41.2%
9.1%
-0.2%
-14.7%
CA
0.59%
Assets
0.37
0.03
25.4%
-1.6%
Beverly Hills City EFCU
0.04%
1st Mtgs.
38.2%
-0.42
3.4%
2.4%
0.44%
0.80%
Fixed Rate
0.05
0.48%
2
1
8.6%
0.22%
ROA Savings
0.43%
-1.5%
2,604
2,343
1.07%
11.2%
$21,084,831
$20,873,454
6.0%
-4.1%
CA
CA
0.22%
10.0%
Eagle CU
FedONE FCU
0.40%
Avg Loans
Loans/
12.2%
-7.0%
1.5%
7.2%
1.66%
Net
Chg-offs/
-0.02%
-11.0%
3.0%
1
Loans
8.4%
1.0%
-9.5%
Delinq
Loans/
1.41%
-4.8%
5.9%
1
8.4%
18.3%
-1.1%
3.9%
8.0%
6.0%
0.8%
11.5%
1
-20.7%
Assets
2.5%
1
1
-7.7%
Networth/
18.0%
2.0%
2
-12.1%
Member
3.2%
6.3%
0
Loan
0.0%
3.7%
First Quarter 2015
First Quarter 2015
Credit Union Name
Atchison Village CU
Barstow Community CU
Family FCU
Southland Savings FCU
Columbus Club FCU
State
CA
CA
CA
CA
CA
CA
Assets
$8,170,219
1
$7,972,208
1,547
0
$7,389,167
715
1
$7,604,821
$7,328,237
Sony San Diego EFCU
CA
$6,769,075
Denocos FCU
CA
$6,656,839
Colton FCU
CA
$6,652,426
Bakery Employees CU
LA Mission FCU
United Association CU
Sunkist EFCU
CA
CA
CA
$6,652,491
CA
$4,797,222
United America West FCU
CA
$4,261,010
CA
CA
CA
$4,905,888
$4,299,640
1
-2.5%
1,323
1
-0.2%
-10.9%
4.0%
-2.3%
2.6%
-9.2%
9.7%
611
1,563
1,151
834
1,549
644
345
1
Monrovia City EFCU
CA
$3,698,938
1
1
$3,791,860
514
353
413
-2.3%
1
13.6%
2
-0.8%
CA
$2,042,642
398
1
-0.3%
Mojave Plant EFCU
Faith Based FCU
SFV Japanese CU
CA
CA
CA
CA
$1,975,638
$1,705,365
$1,020,876
$977,021
260
235
277
192
479
270
1
1
28.0%
-2.8%
-7.8%
-11.4%
-4.6%
0.1%
-24.0%
0.6%
13.2%
-5.6%
-0.3%
-8.6%
-6.8%
-7.8%
-40.3%
-19.6%
1
-10.9%
26.5%
-4.8%
Los Angeles Lee FCU
Bethel AME SF FCU
Delancey Street FCU
Medians
By Asset Size
$5 million and less
$5 to $10 million
$10 to $20 million
$20 to $50 million
$50 to $100 million
$100 to $250 million
$250 million+
CA
CA
CA
CA
CA
CA
CA
$538,863
364
139
93
1
2
$488,109
304
1
$357,866
345
0
$437,666
$203,752
$142,842
300
153
275
$91,176
124
$67,780,606
5,670
Number of Insts.
35
101
55,472
1.38%
10.1%
6.38%
12.5%
0.00%
6.8%
-3.8%
43.2%
-1.7%
-9.5%
-2.9%
25.1%
9.0%
16.6%
9.3%
10.8%
13.2%
0.00%
0.00%
0.0%
-1.24
-0.13%
-0.20
-0.15%
-0.37%
31.6%
30.5%
-1.55%
10.5%
6.01%
-0.52%
14.0%
0.00%
0.0%
-3.79
0.15
1.19
0.00%
-1.22
40.5%
67.2%
43.4%
47.6%
56.5%
0.0%
10.4% 12.23%
0.00%
0.04
34.9%
0.0%
10.7% 16.25%
2.51%
-1.52
70.3%
0.0%
18.8%
0.00%
0.08
13.5%
25.2%
0.00%
28.9%
0.00%
34.8%
0.20%
24.0%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
-0.30
0.18
1.07
0.04
80.2%
59.1%
55.7%
32.2%
0.07
1.4%
0.0%
35.9%
7.0%
13.2%
8.53%
0.00%
0.3%
0.00%
0.00%
0.0%
-2.70
33.9%
0.0%
0.33
53.2%
8.6%
-0.2
35.2%
0.0%
0.1
41.7%
1.55
20.4%
1.3%
-1.7%
10.0%
0.4%
0.1%
0.2
42.1%
-1.2%
9.9%
0.5%
0.1%
0.3
53.4%
10.4%
10.2%
0.4%
0.3%
0.4%
0.0%
0.0%
0.1%
0.0%
35.2%
1.6%
9.8%
0.0%
0.15
-0.2
FIRST QUARTER 2015
0.0%
0.0%
0.0%
12.0%
0.0%
36
0.0%
17.6%
-1.34
0.6%
Source: NCUA and CUNA E&S. Net chargeoff and ROA data is year-to-date annualized. ROA is net income in basis points of average assets.
0.0%
-1.17
0.00%
11.4%
2.7%
0.0%
0.00%
4.37%
-3.4%
12.0%
0.0%
21.8% 15.25%
10.5%
-2.3%
5.7%
0.0%
0.0%
-0.18
10.8%
1.2%
-0.4%
0.0%
0.0%
-0.01%
0.0%
5.3%
0.0%
0.0%
0.4%
6.7%
0.0%
40.5%
10.5%
2.3%
0.0%
0.59
17.5% 13.88%
-0.9%
2.2%
0.0%
0.0%
27.3%
-0.55
5.7%
-2.9%
0.0%
-0.07
0.00%
2.6%
1.6%
0.0%
0.0%
31.5%
22.2%
0.00%
0.0%
56.1%
0.04
0.00%
0.0%
0.00
0.00%
34.0%
35.6%
56.2%
1
8
88.2%
-0.02
2
2
-0.16
24.6%
0.47%
-0.01%
0.00%
2
-1.37
0.00%
0.00%
2.60%
1
-0.87
-0.43
10.3%
-3.8%
84.8%
0.00%
-10.7%
1.7%
0.66
0.0%
0.0%
55.6%
73.3%
1
37.6%
0.65
6.3%
6.0%
-0.41
0.05%
0.00%
16.3%
8.2%
42.0%
0.0%
3.8%
0.00%
1
19.4%
39.8%
36.4%
1.3%
-1.08
-2.02
0.25%
4.54%
0.0%
22.6%
0.80%
0.00%
19.4%
26.6%
0.0%
0.01%
2.52%
0.72
34.5%
1.11%
1.84%
0.0%
-0.91
-0.04%
0.26%
16.3%
0.0%
1.83%
6.25%
0.04
5.9%
0.10%
-11.3%
1.2%
5,965
0.20%
0.00%
56.5%
1
13,590
-3.7%
-36.3%
1
-7.8%
-1.5%
3.5%
-32.6%
1,574
3,168
6.7%
17.9%
-2.2%
71
50
-9.4%
-3.1%
1
1
1,151
49
-11.1%
353
21
34
4.4%
11.6%
0.00%
-22.2%
$624,598
-0.83
27.5%
1
$690,894
0.00%
1.49%
0.00%
439
CA
7.42%
0.00%
12.7%
2.0%
$711,192
CA
15.3%
11.8%
4.0%
CA
SOCAL FCU
-0.39
24.7%
-12.3%
Compton Municipal EFCU
-0.07%
0.00%
6.4%
-0.8%
3.73%
7.1%
0.72%
12.6%
-0.6%
0
1
-0.21
19.1%
-12.4%
162
199
0.19%
1.71%
8.9%
$947,706
$945,300
0.0%
18.8%
CA
CA
24.0%
-5.1%
Maryknoll of Los Angeles FCU
Canoga Postal FCU
-0.16
15.9%
-21.7%
-6.9%
0.01%
-12.5%
-42.3%
0
1
0.00%
11.4%
0.00%
-21.7%
-4.9%
1
13.0%
0.00%
-4.7%
1
0.0%
11.1%
4.5%
0.0%
22.2%
0.3%
0.6%
30.9%
0.0%
-0.06
0.08%
-8.5%
0.16
9.2%
9.1%
0.00%
0.20%
-6.3%
-0.12
38.0%
4.20%
11.3%
-6.8%
0.80%
-0.77
9.6%
-3.2%
7.9%
0.00%
14.7%
11.2%
-11.2%
0.69%
0.02%
1.1%
-7.3%
1
8.1%
6.29%
-2.2%
0.8%
2.8%
14.4%
0.00%
10.9%
-33.0%
2
7.1%
-2.5%
-20.4%
Merced Municipal ECU
324
8.7%
1
-1.2%
Northern California Latvian CU
-34.4%
-1.3%
0
$2,037,765
-0.1%
-2.3%
1.2%
551
$2,031,678
-6.3%
-5.9%
1
$2,864,102
CA
-2.9%
0.5%
492
-5.1%
CA
CA
37.1%
16.3%
Chula Vista City EFCU
Daijo FCU
78.8%
17.5%
1
0.0%
-2.58
-4.1%
10.7%
5.6%
0.21%
-5.0%
11.4%
1
0.0%
0.06%
-3.1%
1
73.2%
46.2%
9.2%
-7.3%
-6.8%
-11.8%
2,425
0.04
-0.18
0.0%
1.4%
1.7%
0.22%
-0.14%
108.4%
-2.2%
-4.7%
49.3%
-0.24
1
1
-3.23
-0.02%
-0.7%
-9.8%
Assets
0.94%
1.09%
538
782
3.6%
1st Mtgs.
20.5%
9.3%
-9.5%
0.23%
ROA Savings
Fixed Rate
-2.1%
-4.1%
12.8%
456
Fountain Valley CU
3.1%
12.6%
4.58%
Avg Loans
Loans/
0.53%
-1.9%
$3,222,593
$2,274,289
-2.9%
-8.0%
12.8%
Loans
Net
Chg-offs/
10.6%
1
CA
CA
-1.3%
Assets
Delinq
Loans/
-6.2%
683
South San Francisco City EFCU
USB EFCU
-19.3%
Networth/
-2.0%
-38.8%
1
$3,009,212
-0.2%
0
889
$3,276,106
-3.6%
0
$3,352,511
CA
2.9%
1
CA
Valley Hills FCU
-0.9%
1
Santa Maria Associated EFCU
CA
1.2%
-6.8%
4.3%
-10.9%
663
$3,887,286
LMCC EFCU
-1.8%
-1.9%
Member
1
803
1,026
$3,911,484
CA
CA
600
809
$4,217,144
City of Ukiah ECU
Cherry EFCU
-1.7%
3.1%
Limoneira FCU
Printing Office ECU
1
925
2.7%
1
$4,870,156
8.6%
-7.2%
-10.7%
$5,158,525
Loan
0
1
CA
CA
1,601
3.3%
776
Union Oil Santa Fe Springs EFCU
Pomona Postal FCU
Growth
$5,388,912
$5,210,067
CA
Growth
1
CA
Stockton Community FCU
Growth
1,283
$5,479,093
CA
12-Month
Asset
$6,075,233
CA
San Francisco Mncpl Railway EFCU
Episcopal Community FCU
$6,757,377
12-Month
Members Branches
1,294
$8,093,865
12-Month
0.3
0.75
38.0%
0.0%
0.0%
0.0%
4.9%
50.4%
11.6%
67.0%
14.9%
12.2%

California Credit Union Profile - California and Nevada Credit Union

Transcription

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