California Credit Union Profile

Transcription

Credit Union Quarterly
Performance Report
Third Quarter 2015
convenience
relevance
network
scalability
MAKING
security
SIMPLE
innovation
accessibility
revenue
locations
ATM
Card Payments
Connect
CO-OP Member Center
Engagement
Security Innovations
© 2015 CO-OP Financial Services
Greater convenience. Enhanced security. The latest technology.
One partner empowers you to deliver it seamlessly. Shaped by an
unmatched level of consumer insights, every CO-OP solution lets you
deliver relevant, timely products and services, many conveniently linked
through CO-OP Connect—the only credit union owned, real-time
good funds network. Simplicity starts here—CO-OPfs.org/solutions
Third Quarter 2015
TABLE OF CONTENTS
KEY DEVELOPMENTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
PERFORMANCE COMPARISONS . . . . . . . . . . . . . . . . . . . . . . . . . 2
EXECUTIVE SUMMARY & OUTLOOK . . . . . . . . . . . . . . . . . . . . . 3
RECENT ECONOMIC DEVELOPMENTS . . . . . . . . . . . . . . . . . . . 3
CREDIT UNION RESULTS
Growth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Risk Exposure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Capital Adequacy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
7
9
9
SPECIAL FOCUS
Culture, Structure, and Competition . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
DATA TABLES
Overview: State Trends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
Overview: State Results by Asset Size . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Overview: National Results by Asset Size . . . . . . . . . . . . . . . . . . . . . . . 14
Portfolio Detail: State Trends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
Portfolio Detail: State Results by Asset Size . . . . . . . . . . . . . . . . . . . . . 16
Portfolio Detail: National Results by Asset Size . . . . . . . . . . . . . . . . . . 17
State Quarterly Trends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
Bank Comparisons . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
State Leaders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
State Milestones . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
Mergers/Liquidations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
Financial Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
CUNA ECONOMICS & STATISTICS
ii
THIRD QUARTER 2015
Third Quarter 2015
CALIFORNIA CREDIT UNION KEY DEVELOPMENTS
California credit unions posted impressive third quarter operating results – despite economic challenges
spawned by slower economic growth domestically and in developing economies. A stronger dollar slowed
U.S. exports and manufacturing output in the third quarter. In addition, weak commodity prices translated
into weaker overall production and employment challenges in the energy sector. Despite these difficulties,
California credit unions reported stronger membership growth, faster loan growth, strong asset quality, and
high earnings in the quarter. In addition, the state’s credit unions maintained a record-high aggregate capital
ratio in the third quarter.
••California credit union memberships increased by 1.5% (6.0% annualized) in the third quarter of 2015,
substantially outpacing the 0.8% second quarter advance and the 1.1% increase in the year-ago period.
The state’s 3.5% twelve-month increase in memberships is the fastest annual advance posted since calendar
year 2002.
••California credit union loan growth accelerated in the third quarter, with a 4.3% increase (an astounding
17.2% annualized pace). This result outpaced the 3.5% second quarter advance and the 3.9% increase seen
in the year-ago quarter. California credit union loans increased by 13.2% in the year ending September
2015 – only modestly lower than the 13.5% increase in 2014.
••Loan growth was broad-based with each of seven key portfolio segments reflecting quarterly increases. New
auto lending reflected the strongest gain, with balances up 7.2% in the quarter, but used autos were a close
second, with a 6.0% three month increase. Unsecured personal loans increased by 5.3% in the quarter and
first mortgage balances were up 3.9%. MBLs followed with a 2.8% increase. Credit card balances increased
2.4% in the quarter. Even HEL/2nd mortgages gained with a solid 1.6% advance – a post-recovery high.
••Loan quality held steady and loan performance was strong in the quarter. Delinquency rates were
unchanged at 0.54% in the third quarter. In addition, the current reading is sixteen basis points (0.16%)
below year-ago levels. Loan losses were essentially unchanged though net chargeoff rates inched up from
an incredibly low 0.26% in the second quarter to 0.28% in the third quarter. California credit union
delinquency and net chargeoff ratios remain near all-time lows.
••California credit union earnings remained at lofty levels in the third quarter, though annualized ROA (net
income as a percentage of average assets) totaled 0.76%. That result compares with a 0.90% earnings rate
in the second quarter and a 0.95% rate in the year-ago quarter. Still, the recent earnings rate was well above
the 0.54% earnings average among California credit unions during the past decade.
••Strong earnings combined with relatively slow asset growth to keep the California credit union aggregate
capital ratio at 11.2% - a record level. The current reading is well above the 7.0% threshold level at which
regulators deem credit unions “well capitalized”.
1
THIRD QUARTER 2015
CaliforniaCredit
Credit Union
California
UnionProfile
Profile
Third
Quarter
2015
Third
Quarter
2015
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 memberships (thousands)
California CUs
Sep 15
6,213
192.3
26.0
1,194,943
781,948
363,203
1,005,209
103,428
Sep 15
353
453.3
67.2
160,015
96,185
58,140
134,927
10,347
Growth Rates
Total assets
Total loans
Total surplus funds
Total savings
Total memberships
% CUs with increasing assets
6.5
10.7
-1.6
5.7
3.5
69.6
8.0
13.2
0.4
7.0
3.5
77.1
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
335
51
284
136
310
31
79
79
78.2
301
41
260
112
278
11
83
83
77.9
Capital Adequacy
Net worth/assets
% CUs with NW > 7% of assets
11.0
97.8
11.2
96.6
0.78
0.46
168,211
27.1
1.6
0.54
0.27
12,779
36.2
1.2
77.8
65.4
32.5
13.2
48.0
71.3
60.1
36.3
14.7
47.5
5
56
385
9,719
13,605
0.22
4
52
383
13,040
17,725
0.17
12.5
17.5
31.4
38.6
11.3
10.5
37.7
40.5
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
THIRD QUARTER 2015
Third Quarter 2015
Executive Summary
Economic challenges - spawned by slower economic
growth domestically and in developing economies - took
center stage in the third quarter. China’s industrial sector
slowdown and resulting currency devaluation in August
roiled financial markets and bruised consumer and investor confidence. A stronger dollar slowed U.S. exports and
manufacturing output in the period. In addition, weak
commodity prices translated into weaker domestic production and employment challenges in the energy sector.
Higher consumer spending and tight labor markets
(with increasing demands for higher wages) typically
translate into more significant inflation pressures. However, continuing weakness in energy prices should help to
keep those pressures in check. If so, the Federal Reserve’s
Federal Open Market Committee actions will almost
certainly be measured and modest. Futures market trading activity now implies the benchmark Federal Funds
interest rate will finish 2016 at 1.00%.
Despite obvious economic difficulties credit unions
reported strong membership growth, marginally faster
loan growth, strong asset quality, high earnings, and a
higher aggregate capital ratio in the third quarter.
An abundance of pent-up demand for big-ticket, durable goods will likely combine with an engaged Federal
Reserve (and only modest increases in the Federal Funds
interest rate) to further reinforce positive developments.
Looking forward, expect a modest pick-up in economic growth during the fourth quarter and into 2016.
To date, fourth quarter data reflects further significant
improvement in U.S. labor markets and personal income gains have been solid. These trends are apt to buoy
consumer confidence and spur consumer spending (and
borrowing) in the coming months.
This environment should be favorable for credit union
operations. Expect credit union membership and loan
growth to stay at lofty levels. If so, that relatively strong
loan growth will combine with higher employment
and increasing incomes to boost credit quality. Healthy
(though marginally lower) bottom-line results should be
evident at credit unions in 2016.
RECENT ECONOMIC DEVELOPMENTS
•• The U.S. economy continues to expand at a healthy
••
U.S. ECONOMIC GROWTH
rate. Third quarter revised economic growth came in at
Annualized Quarterly Changes in GDP
an annualized 2.1% rate. That’s higher than the first es4.6
4.3
timate of 1.5%, but lower than the 3.9% increase in the
3.9
3.8
second quarter. While the pace of economic growth
3.0
moderated in the third quarter, recent data from the
2.1
2.1%
1.9
Bureau of Economic Analysis (BEA) and the Bureau of
1.1
Labor Statistics (BLS) confirm U.S. economic funda0.6
0.5
0.1
mentals remain favorable and suggest that the economy will likely continue to expand into 2016. Incomes
-0.9
are increasing at healthy rates and recent employment
12Q3
13Q3
14Q3
15Q3
gains have been robust. Fourth quarter growth of 2.5%
Source: BEA
followed by full-year 2016 growth of 3.0% now seems
reasonable given these developments.
The deceleration in real GDP in the third quarter mostly reflected external economic conditions impacting the U.S. economy. Specifically, residual effects of the Chinese yuan devaluation and a weaker Chinese
economy tempered U.S. economic growth. Weaknesses in the economies of U.S. trading partners and a
strong U.S. dollar caused U.S. exports to increase at a meager 0.9% annualized rate in the third quarter –
much more slowly than the robust 5.1% jump in the second quarter. The strength of the U.S. dollar feeds
into private domestic investment spending, in particular, weighing on the manufacturing sector. Gross
private domestic investment fell at an annualized 0.3% rate in the third quarter, which is again well below
3
THIRD QUARTER 2015
Third Quarter 2015
••
••
••
the 5.0% rise in the second quarter. These external factors were the key drivers of more moderate
third quarter growth, but caution in both the corporate and household sector and lower government spending also contributed to the slowing.
Disposable personal income—personal income
less personal taxes—increased at a 5.2% annualized rate in the third quarter. That’s not surprising
given recent labor market improvements. The Bureau of Labor Statistics reports the national unemployment rate remained unchanged at 5.0% in
November. It is now 0.8% lower than its year-ago
reading. That puts the unemployment rate at par
with the Congressional Budget Office’s estimate
of the 5% long-run natural rate of unemployment
in the third quarter. In addition, the U-6 unemployment rate (which accounts for those that are
underemployed and those that have dropped out
of the labor force) stood at 9.6% in November –
well below the 11.4% level reported in November
2014.
The economy added a total of 211,000 nonfarm
jobs in the November - higher than the monthly
average of 206,000 from January to October.
Construction, leisure and hospitality, healthcare,
and retail trade jobs led job growth in November.
The improvement in the housing market resulted
in an increase of 6,300 residential construction
jobs in November. Specialty trade contractors
added 24,700 jobs, and retail trade jobs increased
30,700 in the month. On the other hand, industries tightly linked to trade and commodities continue to reflect weakness with manufacturing and
oil and gas extraction industries losing 1,000 and
2,400 jobs respectively during the period. Still,
year to date, the U.S. economy added a robust
2.3 million nonfarm jobs and the economy’s job
creation momentum is expected to continue in
the months ahead.
The California unemployment rate continues
to trend downward reflected in a 1.4 percentage
point decline over the year ending October 2015.
The state’s 5.8% jobless rate in October remains a
bit higher than the 5.0% U.S. reading at that time.
UNEMPLOYMENT RATES
7.2% 7.2 7.1 7.0
6.7 6.5
6.3 6.4 6.3 6.2 6.1 5.9
5.8%
5.7% 5.8 5.6 5.7 5.5 5.5 5.4 5.5 5.3 5.3 5.1 5.1 5.0 5.0%
Oct ’14
Jan ’15
Apr ’15
U.S.
Jul ’15
CA.
Oct ’15
Source: BLS
CA UNEMPLOYMENT RATE TRENDS BY MSA
(Not seasonallly adjusted)
Metropolitan Area
Sept
2014 (%)
Change
(%)
Bakersfield, CA
8.4
8.8
-0.4
Chico, CA
5.9
7.5
-1.6
El Centro, CA
21.6
26.4
-4.8
Fresno, CA
8.1
9.7
-1.6
Hanford-Corcoran, CA
8.1
9.6
-1.5
Los Angeles-Long Beach-Anaheim, CA
5.6
7.4
-1.8
Madera, CA
7.7
8.9
-1.2
Merced, CA
8.2
10.1
-1.9
Modesto, CA
7.6
9.5
-1.9
Napa, CA
3.6
4.8
-1.2
Oxnard-Thousand Oaks-Ventura, CA
5.3
6.6
-1.3
Redding, CA
6.4
8.3
-1.9
Riverside-San Bernardino-Ontario, CA
6.1
7.8
-1.7
Sacramento--Roseville--Arden-Arcade, CA
5.2
6.6
-1.4
Salinas, CA
5.3
6.4
-1.1
San Diego-Carlsbad, CA
4.6
6.1
-1.5
San Francisco-Oakland-Hayward, CA
3.8
4.9
-1.1
San Jose-Sunnyvale-Santa Clara, CA
3.7
5.0
-1.3
San Luis Obispo-Paso Robles-Arroyo
Grande, CA
4.1
5.4
-1.3
Santa Cruz-Watsonville, CA
5.4
6.8
-1.4
Santa Maria-Santa Barbara, CA
4.3
5.5
-1.2
Santa Rosa, CA
3.8
5.1
-1.3
Stockton-Lodi, CA
7.5
9.3
-1.8
Vallejo-Fairfield, CA
5.3
6.8
-1.5
Visalia-Porterville, CA
9.9
11.4
-1.5
Yuba City, CA
7.9
9.9
-2.0
Source: BLS
4
Sept
2015(%)
THIRD QUARTER 2015
Third Quarter 2015
••
••
••
••
••
Overall, California added 392,400 jobs in the first
INFLATION RATES — YOY % CHANGE
ten months of 2015 and 463,000 in the year ending
CPI — All Urban Consumers
October. Non-farm employment in the state is now
1.8 1.7
1.8 1.8 1.7 1.8 1.8 1.8 1.9 1.9
1.6 1.6 1.7
830,900 above pre-recession levels.
Over the year ending September, unemployment
rates declined by at least one percentage point in all
but one of California’s twenty-six metropolitan sta1.6 1.3 0.7
0.2 0.2 0.2
0.2
tistical areas (MSAs). The exception (Bakersfield)
0.0
0.0
0.0
reflects a 0.4% decline. Eight California MSAs reflect
-0.1
-0.2 -0.1
Oct ’14
Jan ’15
Apr ’15
Jul ’15
Oct ’15
third-quarter-end unemployment rates below the U.S.
Headline
Core
Source:
BLS
average at that time. Napa, San Francisco-OaklandHayward, San Jose-Sunnyvale-Santa Clara, and Santa
Rosa each report rates below 4%. At the other end of the spectrum, El Centro’s rate remains above 20% - at
21.6% and Visalia-Porterville is 9.9% - nearly five percentage points above the national norm.
Inflation, as measured by a change in the Consumer Price Index (CPI), increased marginally in October.
However, the increases remain low from a historical perspective. On a year-over-year basis, headline inflation increased only 0.2% in October – the tenth consecutive month of small increases (or slight declines)
in this metric. Core inflation, which reflects price changes excluding volatile food and energy prices, rose
1.9% in the period, which is closer to the Federal Reserve Bank’s 2.0% target. Headline inflation is likely to
drift up over the coming months as most of last-year’s big declines in energy prices work their way through
the system and as tightening labor markets give rise to increasing wage demands. Still, the market’s implicit forecast suggests benign inflation over the long haul: The 10-year Treasury now is yielding 2.22% and
the 10-year Treasury Inflation Protected Security (TIPS) yield is 0.64%. The 1.58% difference between the
two represents the market’s implicit 10-year inflation forecast.
The housing market continues to improve with significant gains in new residential and existing home sales.
New home sales jumped 10.7% in October (to a seasonally-adjusted annual rate of 495,000). That sales
level represents a 4.9% year-over-year increase. And although existing-home sales fell 3.4% in October (to
a seasonally adjusted annual rate of 5.36 million), overall sales in the month were up 3.9% on a year-overyear basis according to the National Association of Realtors. New home construction numbers point to
a more robust housing market ahead. Housing units under construction rose 0.9% in October and are up
16.4% year-over-year. Building permits increased 4.1% in October and are up 2.7% year-over-year. Builders
are confident: The National Association of Home Builders Housing Market Index stood at 62 in October.
That’s the second-highest reading recorded since October, 2005.
Home prices are increasing at healthy, but sustainable rates. In addition, affordability, while now hovering
near recovery lows, remains very high from a broad historical perspective. The Federal Housing Finance
Agency (FHFA) All Transaction Price Index reflects a 6.7% annualized gain in the third quarter – its 13th
consecutive quarterly increase. The index is up 5.6% over the past year and is now only 2.3% below yearago levels.
California reflects impressive home price gains recently, with average prices state-wide up an annualized
12.1% in the third quarter and 7.7% over the past year. Five MSAs in the state (Merced, Oakland-Hayward-Berkeley, San Francisco-Redwood City, San Jose and Santa Rosa) reflect double-digit price increases
over the past year. Six MSAs reflect third quarter prices that are above pre-recession levels, while prices in
eight MSAs in the state are more than 20% below pre-recession levels. Overall, however, home prices in
the state now are only 5.8% below pre-recession levels according to FHFA statistics.
5
THIRD QUARTER 2015
Third Quarter 2015
•• Increases in the Federal Funds target rate in the
••
CA HOME PRICE CHANGES BY MSA
months ahead should convince a significant number of those who have been waiting and watching
on the sidelines to jump into the housing market
in 2016. The Federal Reserve is likely to increase
its benchmark rate with extreme caution and
labor markets will continue to improve (resulting
in higher incomes) so homes in many areas of the
state should remain affordable throughout the
coming year.
Equity markets declined in the third quarter
amid uncertainty surrounding the health of the
Chinese economy and potential nasty spillover
effects across international markets. The S&P 500
declined by 6.9% during the quarter. However,
more clarity surrounding the likely effects of the
Chinese slowdown combined with more obvious
resiliency in the U.S. economy has helped to push
equities back up – as reflected in a 6.9% increase
in prices between the end of September and midDecember. Valuations appear to be high – but not
excessive. Given the current economic outlook,
few are predicting a major correction in the coming months, but few see big gains.
(Not seasonallly adjusted)
CREDIT UNION RESULTS
Growth
•• California credit union memberships increased
••
••
Year Ending
3rd Qtr 2015
Since 4th
Qtr 2007
Anaheim-Santa Ana-Irvine, CA (MSAD)
6.2%
-0.1%
Bakersfield, CA
5.1%
-22.2%
Chico, CA
4.9%
-14.8%
El Centro, CA
8.4%
-23.2%
Fresno, CA
5.9%
-21.6%
Hanford-Corcoran, CA
5.0%
-23.4%
Los Angeles-Long Beach-Glendale, CA (MSAD)
7.1%
-5.7%
Madera, CA
2.4%
-29.9%
Merced, CA
10.2%
-22.4%
Modesto, CA
8.2%
-18.0%
Napa, CA
8.5%
-3.1%
Oakland-Hayward-Berkeley, CA (MSAD)
11.3%
7.5%
Oxnard-Thousand Oaks-Ventura, CA
5.6%
-6.0%
Redding, CA
6.0%
-17.0%
Riverside-San Bernardino-Ontario, CA
6.5%
-16.9%
Sacramento--Roseville--Arden-Arcade, CA
7.5%
-7.3%
Salinas, CA
8.1%
-18.6%
San Diego-Carlsbad, CA
6.6%
0.0%
San Francisco-Redwood City-South San Francisco, CA
(MSAD)
12.6%
24.8%
San Jose-Sunnyvale-Santa Clara, CA
11.4%
18.9%
San Luis Obispo-Paso Robles-Arroyo Grande, CA
6.7%
-3.1%
San Rafael, CA (MSAD)
9.7%
10.2%
Santa Cruz-Watsonville, CA
9.8%
-0.1%
Santa Maria-Santa Barbara, CA
8.6%
-5.4%
Metropolitan Area
by 1.5% (6.0% annualized) in the third quarter
Santa Rosa, CA
10.0%
2.3%
of 2015, substantially outpacing the 0.8% second
Stockton-Lodi, CA
7.8%
-17.4%
quarter advance and the 1.1% increase in the
Vallejo-Fairfield, CA
8.7%
-17.2%
year-ago period. The state’s 3.5% twelve-month
Visalia-Porterville, CA
6.1%
-21.6%
increase in memberships is the fastest annual adYuba City, CA
4.7%
-17.8%
vance posted since calendar year 2002 and is over
Source: FHFA All Transactions Index. NSA.
three times higher than recent population growth
in the state.
Although aggregate increases in memberships were strong, the state’s smaller credit unions continue to
reflect substantial challenges in attracting and retaining consumers. On average credit unions with less
than $20 million in total assets (roughly one quarter of all credit unions in the state) reported membership
declines of 2.5% in the year ending September 2015, while those with $20 million to $50 million (20% of
all credit unions in the state) reflected declines averaging 3.0% in the year.
California credit union loan growth accelerated in the third quarter, with a 4.3% increase (an astounding
17.2% annualized pace). This result outpaced the 3.5% second quarter advance and the 3.9% increase seen
in the year-ago quarter.
6
THIRD QUARTER 2015
Third Quarter 2015
•• Loan growth was broad-based with each of the key
••
••
••
••
CA CU GROWTH RATES (%)
portfolio segments reflecting strong quarterly increases.
13.2%
13.5
New autos led the way with a 7.2% three-month advance, while used auto loans increased 6.0%. Personal
6.4 5.4
7.0
4.8
4.6
3.6
3.0%
unsecured loans were up 5.3% and first mortgages in1.0
0.1
creased a robust 3.9% during the period. Member busi-1.4
ness loans followed closely with a 2.8% increase, while
-8.5
-9.0
credit cards and HEL/2nd mortgages increased by 2.4%
2009
2010
2011
2012
2013
2014 Sept ’15
and 1.6%, respectively.
Savings Growth
Loan Growth
California credit union loans increased by 13.2% in the
year ending September 2015 – only modestly lower
CA CU 3RD QUARTER ASSET QUALITY
than the 13.5% increase in 2014.
By Asset Size Category
Looking forward, expect Federal Reserve policy mak0.38
0.38
0.38
ers to increase the benchmark federal funds interest rate
0.34
0.33
0.33
only modesty over the coming year. In addition, continued labor market improvement and healthy (but man0.23
ageable) home price increases should usher in further
(and more significant) income gains and increases in
household wealth. With the average age of U.S. durable
0.84
0.77
0.72
0.57
0.56
0.73
0.49
goods hovering near all-time highs, these developments
<
$20Mil
$20$50$100$250$500>$1Bil
should produce another solid year of member demand
$50
$100
$250
$500 $1Bil
for credit union borrowing. Expectations of a third year
Net Chargeoffs
60+ Day Dollar Delinquency
of double-digit loan balance increases (both nationally
and in the state of California) seem reasonable for
CA CU LONG TERM ASSETS AS
full-year 2015 and for 2016 as well.
A % OF TOTAL ASSETS
Savings growth again trailed loan growth by a wide
40.5
margin – both in the quarter and on a year-over year
37.8
36.3
35.7
35.7
35.1
basis. Although California credit union loans grew by
33.1
4.3% in the quarter, savings balances increased only
1.9% in the three month period. The year-over-year
gain in savings came in at 7.0% - a strong result relative to the 5.7% national norm – but again about half
the rate of increase seen in loan portfolios in the state
during the 12-month period.
2009
2010
2011
2012
2013
2014 Sept ’15
California credit union savings growth remained
concentrated in short-term liquid accounts with share
drafts increasing by 2.4% in the third quarter and money market and regular share balances increasing by
2.2% and 2.1% in the three month period. Expect competition in odd-term certificate accounts to heat
up in the coming months as Federal Reserve rate increases capture consumer attention and credit unions
focus on minimizing the effects of higher funding costs.
Risk Exposure
•• Loan quality held steady and loan performance was strong in the third quarter. Overall, delinquency rates
7
THIRD QUARTER 2015
Third Quarter 2015
••
••
••
••
were unchanged at 0.54% in the third quarter. In addiCA CU AND CA BANK LIQUIDITY: RATIO OF
tion the current reading is sixteen basis points (0.16%)
TOTAL LOANS-TO-TOTAL SAVINGS (%)
below year-ago levels. Loan losses were essentially
87.2
86.4
84.9
unchanged, though net chargeoff rates inched up from
an incredibly low 0.26% in the second quarter to 0.28%
in the third quarter. California credit union delinquency
71.3
and net chargeoff ratios remain near all-time lows.
68.4
California credit unions delinquency rates at the end of
63.5
the third quarter 2015 generally decline as credit union
2013
2014
Sept ’15
asset size increases, but net chargeoff rates in the first
three quarters of 2015 are substantially similar (and
Banks
Credit Unions
very low) across asset size categories.
CA CU EARNINGS PERFORMANCE
California credit union borrower bankruptcies de(With Stabilization Expense - % of Average Assets)
clined markedly – from 39.1 per credit union in the
First Three
Basis Point
year ending June 2015 to 36.2 per credit union in the
2014
Qtrs 2015
Change
year ending September 2015. The bankruptcy rate
Asset Yield
3.01%
3.01%
NC
declined from 1.4 per thousand members at mid-year
to 1.2 per thousand members at the end of Septem- Int./Div. Cost
0.41%
0.40%
+1
ber. As noted in last quarter’s Profile these rates are
= Net Int. Margin
2.60%
2.61%
-1
approaching the lowest readings in modern history
+ Fee/Other Inc.
1.12%
1.10%
+2
– seen in 2006 when the rate in California was 0.9 per
thousand members.
- Operating Exp
2.78%
2.75%
+3
Interest rate risk exposures continued to decline in
- Loss Provisions
0.11%
0.05%
+6
the quarter – with net long-term assets equal to 36.3%
= Net Inc. (ROA)
0.83%
0.91%
-8
of total assets – down from 36.5% of total assets
Source: NCUA and CUNA
at mid-year. The current reading is more than four
percentage points below the cyclical high of 40.5% at
CA CU YTD ROA IN BASIS POINTS
BY ASSET SIZE CATEGORY
year-end 2013. Historically, when the Federal Reserve
September 2015
increases its benchmark federal funds interest rate tar120
120
get, depository institution earnings decline. This time
100.0
96.9
100
96.3
93.9
around, expect the effect to be less pronounced. That’s
100
88.0
80
due mostly to the fact that the Fed is likely to be more
75.4
80
60
restrained in its rate increases. Federal Funds futures
40
60
trading reflects a market expectation of the federal
41.2
20
33
44
55
71
63
94% 40
funds rate finishing 2016 at 1.00%. If so, that suggests
0
rate increases at every other Fed meeting in 2016 – a
20
-20
-22
departure from the last rate cycle when the Fed pushed
-40
0
<$20 Mil $20$50$100$250$500- >$1 Bil
the benchmark rate up in 0.25% increments at each of
$50
$100
$250
$500
$1B
its meetings. All of which could mean that funding cost
ROA
Percent with positive ROA
pressures will not be felt quite so fast this time around.
Liquidity risk exposure is climbing – albeit marginally - as loan growth continues to outpace savings
growth. The California credit union aggregate loan-to-savings ratio increased from nearly 70% at mid-year
to 71.3% by the end of the third quarter. Still, the state’s banks reflect substantially less liquidity with a
loan-to-savings ratio of 84.9% at the end of September. The Federal Reserve’s short-term rate increases will
8
THIRD QUARTER 2015
Third Quarter 2015
undoubtedly boost money market mutual fund yields
and increase funding pressures at depositories.
CA CU NET WORTH RATIO PROFILE (%)
12
96.3
•• California credit union earnings remained at lofty levels
••
••
96.6
93.8
Earnings
••
97.0
91.3
88.2
in the third quarter, though annualized ROA (net in85.8
come as a percentage of average assets) totaled 0.76%.
That result compares with a 0.90% earnings rate in the
9.1
9.7
10.1
10.5
11.0
11.2
11.2
second quarter and a 0.95% rate in the year-ago quarter.
Still the recent earnings rate was well above the 0.54% 0
2009
2010
2011
2012
2013
2014 Sept ’15
NW Ratio
Percent of CUs > 7%
earnings average among California credit unions during
the past decade
As shown in the table, year-to-date California credit union earnings declined somewhat over full-year
2014 results because a 6bp increase in loss provisions combined with a 3bp increase in operating expenses
and a one basis point increase in funding costs to overwhelm a 2bp increase in non-interest income. The
state’s 0.83% annualized ROA through the first nine months of 2015 is four basis points higher than the
U.S. credit union average for the same period.
Earnings results continue to reflect substantial and critical variation by credit union size. The largest institutions in the state (those with $1 billion or more in total assets) report an average ROA of 0.94% in the
first nine months of 2015 - and all were operating in the black during the period. In contrast, credit unions
with less than $20 million in assets (which account for 25% of all credit unions in the state) report group
average annualized losses of -0.22% on average assets in the first nine months of the year. Overall, only
41% of those with less than $20 million in assets were operating in the black during the period.
As noted in last quarter’s Profile, we expect softer credit union bottom-line results in the months ahead.
There are several factors contributing to that view: First, the Federal Reserve’s move to increase shortterm interest rates will likely translate into a flatter yield curve in the coming months. That will likely cause
funding costs to rise more quickly than asset yields, squeezing net interest margins. Second, the advantageous effects of lower loss provisions will not be as obvious. Credit union allowance accounts appear to
be marginally overfunded but the FASB’s proposal on Current Expected Credit Loss may cause a 20%
to 50% increase in allowances according to FASB and the OCC. Third, operating expense ratios will be
under pressure as tight labor markets put pressure on personnel costs (recall salaries and benefits account
for roughly half of total credit union operating expenses). Fourth, noninterest income will likely also be
under pressure due to lower refinancing activity (and lower associated gains on sales), lower overdraft
fees (arising from labor market improvement and rising incomes) and continuing pressure on interchange
revenues.
Capital Adequacy
•• Strong earnings combined with relatively slow asset growth to keep the California credit union aggregate
••
capital ratio at 11.2% - a record level. The current reading is well above the 7.0% threshold level at which
regulators deem credit unions “well capitalized”. Importantly, credit unions in each of the seven broad
asset groups we track report high levels of capital. Healthy earnings and still-low savings growth should
continue to help buoy California credit union net worth ratios in the months ahead.
On October 15th, the National Credit Union Administration (NCUA) voted 2 to 1 in favor of the agenCUNA ECONOMICS & STATISTICS
9
THIRD QUARTER 2015
Third Quarter 2015
••
••
cy’s risk-based capital proposal (RBC2). The recently-adopted risk-based capital rule, we continue to
believe, is a solution looking for a problem. As proposed, this final rule is effective on Jan. 1, 2019. Compared to the major changes that NCUA made between the first and second proposal, there were relatively
few changes from the second proposal to the final rule. The most significant were: Reducing the effective
weight for equity investments in credit union service organizations (CUSOs) perpetual contributed capital at corporate credit unions and certain other higher risk equity investments to 100% if the total equity
exposure is less than 10% of the sum of the credit union’s capital elements of the RBC ratio numerator;
Reducing the risk weight to zero percent for share-secured loans where the shares securing the loan are
on deposit at the credit union; Allowing a lower risk weight for certain charitable donation accounts; and
extending the grandfathering period for certain supervisory goodwill to 2029.
Together, CUNA, state leagues, and credit unions sought removal of the capital adequacy provisions, reduction in a number of the risk weights, further explanation of the conditions under which goodwill could
be included in the risk-based capital ratio, and delaying implementation until 2021. The agency retained
the “capital adequacy” requirement, and will be pushing for examiner guidance and training to place some
boundaries around “this wild card capital requirement.”
NCUA Chair Matz, during discussion of the new rule, said that the final is calibrated to affect only a “few
dozen” credit union “outliers” not carrying sufficient capital to match risks on their balance sheets. Our
analysis (using currently available call report data and conservative assumptions) confirms this view. Importantly, the NCUA plans a separate proposal for supplemental capital and says it will be made final before the RBC2 implementation in 2019. In addition, NCUA Chair Debbie Matz reiterated that the NCUA
is not currently planning a separate interest rate risk rule.
SPECIAL FOCUS
Culture, Structure and Competition
which compares to a 1.0% increase in state population
according to recent Census Bureau data.
Business culture can be defined as “the way employees
behave in the absence of policy”.
Credit unions rank first among industries in the
American Customer Satisfaction Index and reflect
double the score of big banks on the Chicago Booth Kellogg School Financial Trust Index. More recently, credit
unions received among the highest marks for service that
Consumer Reports has ever given to any industry in the
magazine’s recent financial services series “Bank & Credit
Union Buying Guide.”
Not surprisingly, a growing body of research shows
that culture has a big impact on outcomes: business
culture affects business growth and profitability. In addition, it turns out that structure plays an integral role in
shaping culture. Credit union structure with its member
ownership and absence of stockholders demanding market rates of return on their investments creates a culture
that consumers increasingly value.
Banks are noticing – and are stepping up their anticredit union rhetoric in response. New, sustained
campaigns aimed at convincing policy-makers that credit
unions represent unfair competition are again the order
of the day. As in the past, the solutions bankers are peddling include more regulation and changes to the credit
union tax status. It shows up in the data.
Nationally, credit union memberships are growing
at over three times the rate of U.S. population growth –
with increasing numbers of consumers recognizing the
credit union difference: A difference that puts people
before profits. In California, credit union memberships
increased by 3.5% in the year ending September 2015 –
At the same time, bankers enjoy a dominant mar10
THIRD QUARTER 2015
Third Quarter 2015
SPECIAL FOCUS (CONTINUED)
ket presence including a 93% market share of deposits
nationally and a 90% share in California. And they’re reporting record profits, near-record stockholder dividends
and unparalleled bank tax advantages.
to instead focus on profitability as a performance metric”.
It finds a “lack of progress in improving culture and values due to entrenched behaviors and insufficient buy-in
on conduct and values initiatives” also plays a role.
While it certainly is possible to find some banks that
reflect poor financial or operational performance, credit
union competition is likely at or near the bottom of the
list of causes. The G30 believes the responsibility to transform corporate culture in the banking industry exists within the
banks themselves. Not with external regulatory requirements. Among the relatively small number of banks that
reflect poor performance, actual causes of those results
include economic and demographic pressures, fraud,
mismanagement, nepotism, overly aggressive expansion,
too many big branches, bad pricing decisions, too much
credit risk (i.e., overly aggressive lending decisions), weak
ALM, misguided investment decisions, bad service, and
lack of synergy in mergers. Any bank consultant will tell
you this is not an exhaustive list. According to William R. Rhodes, President and
CEO, William R. Rhodes Global Advisors, LLC, and
Co-Chair of the G30 committee, “A core conclusion we
draw is that most banks must aim for a fundamental shift
in their overall mindset on culture. Banks must go back
to placing service to individual customers and to communities first…They must promote corporate culture in
disciplined ways…This is not just right and good ethics,
it also makes good business sense, and it is essential for
ensuring a sound and healthy balance sheet.” Even bank regulators recognize bank problems don’t
lie with credit unions. Problems lie with the banks themselves. “Years of misbehavior”, they say, have taken their
toll. Concludes the report, “The desired cultural shift will
require leadership, persistence, and consistency to overcome years of entrenched behaviors and attitudes, and to
ensure that the changes are lasting rather than ephemeral,
or merely short-term window dressing.” “Restoring trust in banking is a public duty and economic imperative. Restoring public confidence needs to
be a top priority for major banks and is long overdue…
Aspirational leadership statements by bankers must be
matched by effective and disciplined implementation
programs. Today, we are proposing comprehensive
reforms in the approaches to bank culture and conduct
that are both essential and urgent,” said Mr. Jean-Claude
Trichet, Group of Thirty Chairman and former President
of the European Central Bank in a recent press release. Put simply, rather than attacking credit unions bankers need to start acting like credit unions.
LOFTY CALIFORNIA BANK PROFITS
5.21
5.49
2013
2014
$5.18
4.51
The Group of Thirty (G30) is comprised of international finance leaders. The group recently released results
of a study that examined behavior of banks and the
impact of transgressions to the reputation of the banking
industry. The report, Banking Conduct and Culture: A
Call for Sustained and Comprehensive Reform, brings to
light findings of influential industry leaders. 2.95
$0.53
2009
Banking industry shortcomings identified by the
report include the fact that “most middle managers fail to
consider impact of cultural and conduct issues, tending
5.60
2010
2011
2012
Source:FDIC, CUNA. Billions of Dollars.
Data for 2015 first-half annualized.
11
THIRD QUARTER 2015
2015
California Credit Union
Profile
Third Quarter 2015
Third Quarter 2015
Overview: State Trends
U.S.
Number of CUs
Total loans ($ mil)
California Credit Unions
Sep 15
6,213
192.3
26.0
1,194,943
781,948
363,203
1,005,209
103,428
Sep 15
353
453.3
67.2
160,015
96,185
58,140
134,927
10,347
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 memberships
6.5
10.7
-1.6
5.7
3.5
69.6
8.0
13.2
0.4
7.0
3.5
77.1
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
335
51
284
136
310
31
79
79
78.2
301
41
260
112
278
11
83
83
77.9
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
11.0
97.8
11.2
96.6
11.2
97.0
11.0
96.3
10.5
93.8
10.1
91.3
9.7
88.2
9.1
85.8
0.78
0.46
168,211
27.1
1.6
0.54
0.27
12,779
36.2
1.2
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
77.8
65.4
32.5
13.2
48.0
71.3
60.1
36.3
14.7
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
56
385
9,719
13,605
0.22
4
52
383
13,040
17,725
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
17.5
31.4
38.6
11.3
10.5
37.7
40.5
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.
12
THIRD QUARTER 2015
Profile
Third Quarter
2015
Third Quarter 2015
Overview: State Results by Asset Size
CA
Number of CUs
Total loans ($ mil)
California Credit Union Asset Groups - 2015
Sep 15
353
453.3
67.2
160,015
96,185
58,140
134,927
10,347
< $20Mil
85
7.9
6.9
672
276
378
585
96
$20-$50
69
32.8
32.4
2,265
998
1,203
1,995
229
$50-$100
50
73.7
69.8
3,684
1,822
1,721
3,258
336
$100-$250
49
160.6
153.1
7,872
4,063
3,501
6,922
685
$250-$500
27
367.9
361.1
9,933
5,508
3,913
8,645
812
$500-$1B
32
736.6
720.9
23,571
14,652
7,938
20,435
1,743
> $1 Bil
41
2,732.2
1,821.1
112,018
68,867
39,486
93,087
6,445
Growth Rates
Total assets
Total loans
Total surplus funds
Total savings
Total memberships
8.0
13.2
0.4
7.0
3.5
77.1
0.1
1.6
-0.9
0.3
-2.5
51.8
2.3
4.5
0.4
2.2
-3.0
73.9
2.7
9.5
-3.8
2.4
-0.8
72.0
3.9
9.3
-1.8
3.7
-0.1
89.8
6.1
13.5
-3.1
5.3
4.3
96.3
5.7
8.6
0.4
6.0
4.8
93.8
10.5
15.9
2.4
9.3
5.8
100.0
Net interest margin
Operating expense
Loss Provisions
301
41
260
112
278
11
83
83
77.9
312
17
295
80
383
15
-22
-22
41.2
315
21
295
79
334
7
33
33
75.4
307
26
281
90
318
10
44
44
88.0
307
24
283
112
333
7
55
55
93.9
304
27
277
113
311
9
71
71
96.3
329
35
294
122
337
16
63
63
96.9
294
45
248
111
256
11
93
94
100.0
Capital Adequacy
Net worth/assets
11.2
96.6
12.7
92.9
11.4
95.7
10.7
96.0
11.2
98.0
11.4
100.0
10.8
100.0
11.2
100.0
0.54
0.27
12,779
36.2
1.2
0.84
0.38
69
0.8
0.7
0.77
0.38
223
3.2
1.0
0.72
0.33
308
6.2
0.9
0.57
0.33
736
15.0
1.1
0.56
0.34
1,038
38.5
1.3
0.73
0.38
2,178
68.1
1.2
0.49
0.23
8,227
200.7
1.3
71.3
60.1
36.3
14.7
47.5
47.2
41.1
19.0
28.1
77.4
50.0
44.1
28.2
20.9
67.5
55.9
49.5
30.5
19.1
60.4
58.7
51.6
31.1
21.3
62.5
63.7
55.4
36.6
16.5
58.8
71.7
62.2
39.0
14.1
48.9
74.0
61.5
36.6
13.9
44.1
4
52
383
13,040
17,725
0.17
4
34
418
6,080
8,556
0.34
3
43
426
8,729
10,240
0.24
11
44
430
9,685
12,304
0.21
5
45
369
10,104
13,085
0.24
2
48
386
10,641
14,011
0.21
3
55
354
11,721
15,181
0.21
4
54
389
14,443
19,789
0.15
11.3
10.5
37.7
40.5
22.4
8.2
49.4
20.0
15.9
13.0
34.8
36.2
8.0
8.0
52.0
32.0
2.0
18.4
26.5
53.1
7.4
11.1
29.6
51.9
6.3
12.5
25.0
56.3
2.4
2.4
29.3
65.9
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.
13
THIRD QUARTER 2015
Profile
Third Quarter 2015
Third Quarter 2015
Overview: National Results by Asset Size
U.S.
Number of CUs
Total loans ($ mil)
All U.S. Credit Unions Asset Groups - 2015
Sep 15
6,213
192.3
26.0
1,194,943
781,948
363,203
1,005,209
103,428
< $20Mil
2,755
7.3
6.1
20,177
9,704
10,019
17,254
3,442
$20-$50
1,167
32.2
30.6
37,542
19,125
17,101
32,758
4,763
$50-$100
757
71.6
69.3
54,179
30,147
21,626
47,384
6,251
$100-$250
717
157.9
149.0
113,208
69,824
37,772
99,016
11,941
$250-$500
339
355.1
344.6
120,370
77,979
36,262
103,771
11,690
$500-$1B
231
703.2
681.2
162,439
108,375
46,327
138,876
14,250
> $1 Bil
247
2,781.5
1,647.2
687,027
466,794
194,096
566,151
51,090
Growth Rates
Total assets
Total loans
Total surplus funds
Total savings
Total memberships
6.5
10.7
-1.6
5.7
3.5
69.6
1.0
2.8
-0.7
0.9
-1.8
53.9
2.3
4.0
0.3
2.2
-0.5
71.8
3.3
6.5
-1.0
3.1
0.5
79.1
4.5
7.5
-1.0
4.1
1.9
87.3
5.2
9.5
-3.3
4.8
2.7
92.6
6.7
11.1
-2.6
6.2
5.0
95.2
8.8
12.9
0.0
7.6
6.4
98.4
Net interest margin
Operating expense
Loss Provisions
335
51
284
136
310
31
79
79
78.2
341
28
313
84
358
22
17
17
64.8
326
29
297
107
350
19
35
35
81.5
336
31
305
129
366
24
43
43
86.8
340
36
304
141
366
25
54
54
93.2
340
40
300
152
360
27
65
65
96.5
334
42
292
147
340
26
74
74
97.4
333
60
273
134
276
36
95
95
99.6
Capital Adequacy
Net worth/assets
11.0
97.8
13.9
97.0
12.1
97.8
11.5
98.5
10.9
98.5
11.2
99.7
11.1
99.6
10.8
99.6
0.78
0.46
168,211
27.1
1.6
1.53
0.49
4,028
1.5
1.2
1.13
0.44
6,613
5.7
1.4
1.01
0.45
9,211
12.2
1.5
0.91
0.42
18,233
25.4
1.5
0.83
0.47
19,033
56.1
1.6
0.72
0.40
24,651
106.7
1.7
0.72
0.48
86,442
350.0
1.7
77.8
65.4
32.5
13.2
48.0
56.2
48.1
15.6
25.7
76.6
58.4
50.9
23.5
20.4
65.5
63.6
55.6
27.9
17.2
60.0
70.5
61.7
31.1
14.9
55.2
75.1
64.8
34.5
12.4
52.0
78.0
66.7
35.5
11.8
49.7
82.5
67.9
33.0
12.3
42.7
5
56
385
9,719
13,605
0.22
6
39
427
5,012
7,167
0.40
4
45
412
6,878
8,950
0.31
4
50
372
7,580
9,630
0.31
4
50
350
8,292
11,696
0.30
4
53
346
8,877
12,658
0.28
4
55
346
9,746
13,922
0.25
8
61
416
11,081
15,088
0.18
12.5
17.5
31.4
38.6
22.1
9.3
35.8
32.7
8.1
20.7
32.4
38.9
4.2
27.9
27.3
40.6
2.8
30.7
22.3
44.2
1.8
26.8
25.7
45.7
3.0
18.2
23.4
55.4
2.4
10.1
31.6
55.9
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
THIRD QUARTER 2015
Profile
Third Quarter
2015
Third Quarter 2015
Portfolio: State Trends
U.S.
Growth Rates
Credit cards
Other unsecured loans
New automobile
Used automobile
First mortgage
HEL & 2nd Mtg
Member business loans
Sep 15
6.5%
9.5%
17.6%
13.2%
10.1%
2.8%
11.4%
Sep 15
5.6%
14.4%
31.4%
16.9%
11.9%
1.7%
6.1%
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
10.0%
0.4%
-0.9%
4.5%
9.0%
10.7%
2.7%
-1.7%
4.9%
11.0%
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
6.1%
4.4%
12.5%
20.5%
40.9%
9.5%
7.4%
5.2%
2.9%
11.3%
16.0%
51.0%
10.1%
9.4%
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
13.9%
19.0%
7.7%
22.9%
34.8%
13.0%
17.1%
6.6%
26.9%
35.3%
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
58.4%
98.4%
95.3%
96.4%
65.5%
69.3%
36.5%
74.8%
98.6%
97.2%
98.9%
79.9%
84.4%
58.1%
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
78.4%
79.3%
67.0%
48.5%
86.1%
83.6%
81.0%
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%
Number of Loans as a Percent of Members in Offering CUs
Credit cards
18.7%
21.1%
12.4%
9.6%
New automobile
4.9%
4.9%
Used automobile
13.4%
11.8%
First mortgage
2.4%
1.9%
HEL & 2nd Mtg
2.2%
2.0%
0.3%
0.3%
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
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%
55.7%
8.2%
4.9%
7.5%
63.6%
7.8%
5.5%
10.2%
* Current period flow statistics are trailing four quarters.
15
THIRD QUARTER 2015
Third Quarter
2015
Profile
Third 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
Sep 15
5.6%
14.4%
31.4%
16.9%
11.9%
1.7%
6.1%
< $20 Mil
-3.3%
3.1%
7.4%
4.0%
0.0%
-2.0%
7.6%
$20-$50
-2.9%
2.4%
13.1%
6.0%
1.8%
1.9%
-2.6%
$50-$100
-0.1%
4.8%
20.7%
14.4%
5.5%
9.7%
10.6%
$100-$250
-0.7%
10.0%
23.8%
12.1%
6.9%
-0.5%
8.1%
Share drafts
Certificates
IRAs
Money market shares
Regular shares
10.7%
2.7%
-1.7%
4.9%
11.0%
3.9%
-3.1%
-3.3%
-5.2%
1.4%
6.9%
-7.7%
-7.8%
2.8%
4.9%
11.5%
-6.1%
-3.7%
-1.4%
5.2%
8.1%
-3.5%
-3.8%
6.7%
5.0%
10.4%
0.3%
-2.6%
1.6%
8.2%
11.2%
-2.5%
-0.7%
3.8%
12.4%
12.9%
6.8%
-0.2%
5.9%
13.8%
5.2%
2.9%
11.3%
16.0%
51.0%
10.1%
9.4%
4.3%
13.9%
16.9%
26.0%
19.9%
6.4%
4.7%
6.2%
7.3%
11.7%
23.7%
36.4%
8.9%
4.5%
5.3%
4.4%
11.6%
20.7%
39.0%
11.5%
7.7%
4.3%
4.9%
13.3%
23.9%
40.3%
8.9%
7.5%
6.4%
4.1%
10.9%
18.9%
44.1%
10.1%
9.2%
5.9%
3.9%
10.6%
19.3%
46.0%
8.4%
14.4%
5.0%
2.3%
11.3%
14.3%
53.8%
10.5%
8.5%
IRAs/total savings
13.0%
17.1%
6.6%
26.9%
35.3%
10.2%
8.8%
4.8%
5.8%
67.2%
13.4%
13.8%
5.8%
11.4%
54.1%
16.3%
16.8%
7.6%
13.4%
44.1%
17.4%
13.0%
6.9%
16.5%
45.1%
18.4%
15.9%
5.9%
17.4%
40.5%
18.3%
19.9%
6.4%
23.8%
31.1%
10.8%
17.1%
6.7%
30.2%
34.1%
Credit cards
New automobile
Used automobile
First mortgage
HEL & 2nd Mtg
74.8%
98.6%
97.2%
98.9%
79.9%
84.4%
58.1%
28.2%
94.1%
90.6%
95.3%
29.4%
40.0%
10.6%
82.6%
100.0%
100.0%
100.0%
89.9%
95.7%
42.0%
92.0%
100.0%
98.0%
100.0%
94.0%
98.0%
68.0%
81.6%
100.0%
98.0%
100.0%
98.0%
100.0%
85.7%
96.3%
100.0%
100.0%
100.0%
100.0%
100.0%
85.2%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
90.6%
95.1%
100.0%
100.0%
100.0%
100.0%
100.0%
95.1%
Share drafts
Certificates
IRAs
Money market shares
86.1%
83.6%
81.0%
64.3%
48.2%
50.6%
37.6%
18.8%
95.7%
88.4%
89.9%
58.0%
100.0%
98.0%
94.0%
80.0%
98.0%
91.8%
95.9%
81.6%
100.0%
92.6%
96.3%
81.5%
100.0%
100.0%
100.0%
96.9%
97.6%
97.6%
97.6%
92.7%
Credit cards
21.1%
19.4%
9.6%
12.2%
New automobile
4.9%
2.8%
Used automobile
11.8%
7.6%
First mortgage
1.9%
0.8%
HEL & 2nd Mtg
2.0%
0.8%
0.3%
0.5%
16.7%
9.2%
2.8%
10.6%
1.0%
0.9%
0.3%
15.0%
10.4%
3.3%
10.1%
1.2%
1.4%
0.3%
14.8%
9.6%
4.6%
13.2%
1.3%
1.3%
0.2%
19.4%
9.4%
3.4%
10.2%
1.3%
1.6%
0.3%
20.6%
10.0%
4.4%
13.7%
1.7%
1.7%
0.5%
22.4%
9.4%
5.5%
11.5%
2.1%
2.4%
0.2%
Share drafts
Certificates
IRAs
Money market shares
39.1%
5.3%
3.5%
4.0%
43.1%
5.6%
4.7%
4.0%
52.3%
4.9%
4.1%
4.6%
60.6%
6.5%
4.2%
5.3%
61.9%
8.0%
4.8%
6.6%
67.9%
8.5%
6.1%
12.8%
63.6%
7.8%
5.5%
10.2%
33.2%
3.1%
3.7%
3.7%
16
THIRD QUARTER 2015
$250-$500 $500-$1Bil
6.9%
5.4%
9.9%
12.7%
29.0%
33.5%
12.8%
21.0%
14.3%
1.8%
2.2%
1.9%
8.5%
-3.1%
> $1Bil
7.0%
19.3%
34.5%
19.5%
15.0%
2.3%
10.7%
Third Quarter
2015
Profile
Third Quarter 2015
Portfolio Detail: National Results by Asset Size
U.S.
All U.S. Credit Unions Asset Groups - 2015
Growth Rates
Credit cards
New automobile
Used automobile
First mortgage
HEL & 2nd Mtg
Sep 15
6.5%
9.5%
17.6%
13.2%
10.1%
2.8%
11.4%
< $20 Mil
0.1%
2.2%
4.8%
3.9%
3.0%
-3.3%
5.1%
$20-$50
-0.1%
2.4%
7.6%
6.2%
2.7%
-1.7%
5.2%
$50-$100
0.8%
4.2%
11.6%
9.7%
4.4%
-0.7%
11.9%
$100-$250
2.3%
6.3%
13.6%
10.9%
6.0%
0.0%
11.0%
Share drafts
Certificates
IRAs
Money market shares
Regular shares
10.0%
0.4%
-0.9%
4.5%
9.0%
5.2%
-7.2%
-4.3%
-1.6%
2.3%
8.0%
-6.8%
-3.5%
-0.2%
4.7%
8.7%
-5.4%
-2.9%
0.3%
6.5%
8.6%
-3.8%
-2.0%
3.3%
7.6%
8.0%
-2.1%
-1.5%
2.6%
9.5%
11.5%
-0.9%
-0.7%
4.1%
10.8%
12.3%
3.6%
0.4%
6.0%
11.5%
6.1%
4.4%
12.5%
20.5%
40.9%
9.5%
7.4%
3.2%
15.7%
18.1%
33.3%
13.3%
7.0%
1.2%
4.6%
8.8%
13.1%
28.6%
26.3%
10.4%
2.6%
4.7%
6.7%
11.5%
27.0%
30.5%
10.7%
4.6%
4.3%
5.3%
10.8%
25.5%
35.0%
11.0%
6.6%
5.0%
4.8%
11.3%
23.7%
37.4%
10.7%
8.4%
4.9%
3.7%
12.1%
23.4%
39.3%
9.0%
10.2%
7.0%
3.8%
13.0%
17.5%
44.6%
9.1%
7.2%
IRAs/total savings
13.9%
19.0%
7.7%
22.9%
34.8%
9.0%
12.3%
4.0%
4.7%
67.6%
13.1%
15.2%
6.5%
10.8%
52.5%
15.4%
16.6%
7.4%
14.2%
44.7%
16.5%
18.1%
7.4%
17.3%
38.9%
17.5%
18.4%
7.2%
20.0%
35.1%
16.9%
18.9%
7.2%
22.2%
33.5%
12.2%
20.0%
8.2%
26.7%
31.5%
Credit cards
New automobile
Used automobile
First mortgage
HEL & 2nd Mtg
58.4%
98.4%
95.3%
96.4%
65.5%
69.3%
36.5%
27.3%
96.5%
89.5%
92.2%
30.2%
37.5%
7.7%
75.3%
99.6%
99.9%
99.7%
84.4%
87.7%
32.3%
85.7%
100.0%
99.9%
100.0%
95.5%
96.2%
54.6%
84.1%
100.0%
99.7%
99.7%
99.3%
98.6%
73.9%
92.3%
100.0%
100.0%
100.0%
100.0%
99.1%
85.3%
88.7%
100.0%
100.0%
99.6%
100.0%
100.0%
92.2%
93.1%
100.0%
99.6%
100.0%
99.6%
100.0%
95.5%
Share drafts
Certificates
IRAs
Money market shares
78.4%
79.3%
67.0%
48.5%
53.1%
57.6%
34.3%
14.3%
96.7%
93.0%
84.6%
57.2%
99.3%
97.9%
95.2%
75.3%
99.3%
98.6%
97.8%
87.4%
100.0%
99.4%
98.8%
91.7%
100.0%
99.1%
99.6%
93.1%
99.2%
98.0%
99.2%
93.9%
Credit cards
18.7%
12.6%
12.4%
16.3%
New automobile
4.9%
3.0%
Used automobile
13.4%
10.4%
First mortgage
2.4%
1.4%
HEL & 2nd Mtg
2.2%
1.2%
0.3%
0.5%
13.4%
13.0%
2.9%
11.7%
1.7%
1.5%
0.4%
14.0%
12.3%
3.2%
12.6%
2.1%
1.7%
0.4%
15.1%
11.4%
3.5%
13.9%
2.3%
2.0%
0.4%
16.3%
11.6%
3.8%
13.8%
2.3%
2.2%
0.4%
17.7%
11.3%
4.6%
14.6%
2.3%
2.1%
0.4%
21.3%
12.8%
6.1%
13.3%
2.5%
2.4%
0.2%
Share drafts
Certificates
IRAs
Money market shares
40.7%
6.0%
3.2%
3.9%
46.3%
6.4%
3.7%
4.4%
50.2%
7.2%
4.0%
5.3%
54.4%
7.5%
4.4%
6.3%
57.8%
7.7%
4.5%
6.7%
60.4%
9.4%
5.6%
9.0%
55.7%
8.2%
4.9%
7.5%
31.7%
5.4%
2.7%
4.1%
17
THIRD QUARTER 2015
$250-$500 $500-$1Bil
3.2%
5.6%
8.0%
10.7%
17.8%
17.6%
14.1%
14.8%
7.0%
8.6%
3.1%
5.2%
12.8%
9.1%
> $1Bil
8.6%
13.5%
20.1%
15.5%
12.6%
4.5%
12.9%
Profile
Third Quarter 2015
Third Quarter 2015
California CU Profile - Quarterly Trends
California CU Profile — Quarterly Trends
U.S.
Number CUs
Sep 15
Sep 15
6,212
353
Jun 15
357
Mar 15
361
Dec 14
364
Sep 14
371
Growth Rates (Quarterly % Change)
Total loans
3.4
4.3
3.5
2.4
3.0
3.9
Credit cards
New automobile
Used automobile
First mortgage
HEL & 2nd Mtg
2.6
3.9
4.4
3.9
3.2
1.8
3.4
2.4
5.3
7.2
6.0
3.9
1.6
2.8
1.8
4.5
6.9
4.0
3.4
1.0
2.7
-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
Total savings
Share drafts
0.7
0.8
1.9
2.4
0.6
-1.5
3.6
6.2
1.6
4.4
1.0
1.4
Certificates
IRAs
Money market shares
Regular shares
0.3
0.2
1.1
0.6
1.3
0.3
2.2
2.1
0.8
0.0
0.0
1.7
-0.1
-0.5
2.5
5.7
1.6
-0.7
0.5
1.9
1.0
-0.3
1.2
0.9
Total memberships
1.3
1.5
0.8
1.1
1.2
1.1
Earnings (Basis Points)
Operating expense
Loss Provisions
Net Income (ROA) *
% CUs with positive ROA *
339
51
138
313
35
77
78
303
41
109
280
13
76
78
302
41
118
278
12
90
78
298
40
111
277
9
82
75
302
44
108
284
6
75
79
303
40
114
275
7
95
79
Capital Adequacy (%)
Net worth/assets
11.0
97.8
11.2
96.6
11.2
96.6
11.0
96.4
11.2
97.0
11.2
96.5
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
0.78
0.79
0.96
0.77
0.77
0.78
0.73
1.15
0.88
1.16
0.54
0.44
0.71
0.40
0.61
0.63
0.48
1.13
13.61
1.11
0.54
0.41
0.66
0.37
0.62
0.64
0.50
0.96
0.00
0.96
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
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
0.46
0.85
1.88
0.71
0.08
0.07
0.14
0.37
0.01
0.45
0.28
0.60
1.48
0.46
0.07
0.11
-0.09
0.87
0.00
1.56
0.26
0.58
1.46
0.44
0.05
0.06
0.02
0.49
0.00
0.88
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
0.00
0.00
0.00
Loans/savings
77.5
70.9
69.3
67.3
68.1
67.1
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.
18
THIRD QUARTER 2015
Quarter
2015
California CreditThird
Union
Profile
Third Quarter 2015
Bank Comparisons
CA Credit Unions
Number of Institutions
Assets per Institution ($ mil)
Total loans ($ mil)
Avg number of branches (1)
CA Banks
Sep 15
353
453
160,015
96,185
58,140
134,927
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
366
413
150,743
86,858
58,438
127,972
4
Sep 15
198
3,294
652,134
438,096
173,183
515,946
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
210
2,883
602,861
404,934
159,105
470,358
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
8.0
13.2
10.0
6.1
23.1
5.6
27.6
0.4
7.0
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
6.2
11.0
8.1
6.3
20.3
5.7
24.5
-1.0
5.3
13.5
13.5
8.6
23.6
12.6
1.0
12.8
14.8
14.8
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
12.1
13.3
10.2
18.3
8.7
-0.9
8.8
11.7
13.2
YTD Earnings Annualized (BP)
Yield on Total Assets
Dividend/Interest cost of assets
Net Interest Margin
Fee and other income (2)
Operating expense
Loss provisions
Net income
301
41
260
112
278
11
83
301
40
261
110
275
5
91
300
43
257
120
286
0
96
301
41
260
114
280
5
90
323
30
293
98
312
8
71
343
31
312
82
295
3
96
356
35
321
83
295
4
107
341
32
309
88
301
5
91
Capital Adequacy
Net worth/assets
11.2
11.2
11.0
11.1
12.5
12.7
12.8
12.7
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
0.54
0.61
1.13
0.22
0.71
0.12
0.27
0.05
0.29
0.70
1.49
0.52
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
0.69
0.81
1.34
0.18
0.77
0.02
0.36
0.16
0.40
0.82
1.80
0.55
0.78
0.87
0.79
0.17
0.99
0.16
0.07
0.00
0.19
0.35
3.42
0.31
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
1.17
1.42
0.73
0.52
0.93
0.51
0.10
0.04
0.21
0.42
3.93
0.37
Asset Liability Management
Loans/savings
Loans/assets
Core deposits/total deposits
71.3
60.1
48.3
68.4
58.0
47.1
63.5
54.4
45.4
67.7
57.5
46.9
84.9
66.5
35.4
86.4
66.8
34.7
87.2
65.9
32.8
86.2
66.4
34.3
Productivity
Employees per million assets
0.17
0.17
0.18
0.17
0.11
0.11
0.12
0.11
Source: FDIC, NCUA and CUNA E&S
19
THIRD QUARTER 2015
Third Quarter 2015
California Credit Union Leaders | All California Credit Unions
September 2015
12-Month Share Growth
Share
Credit Union Name
Altura CU
El Cajon FCU
Growth*
Shares
63.26%
$1,011,231,478
27.24%
$11,491,820
33.79%
Fresno Grangers FCU
CU of Southern California
Peoples Ind Church FCU
Zion Hill Baptist Church FCU
First US Community CU
Northeast Community FCU
Premier America CU
Deluxe FCU
Capital/Assets
$14,812,355
26.46%
$850,027,946
25.37%
$160,357
26.36%
$86,868
24.88%
$296,244,532
23.51%
$1,891,774,649
23.96%
19.53%
$10,708,132
$8,412,682
Capital/
Credit Union Name
San Francisco Lee FCU
Assets
Assets
39.31%
$11,619,980
Western States Regional FCU
33.91%
$714,644
Delancey Street FCU
Canoga Postal FCU
USB EFCU
Cherry EFCU
Credit Union Name
1st Valley CU
Jones Methodist Church CU
Altura CU
Loans
75.84%
$19,353,783
72.48%
$676,544,991
63.18%
$80,165,808
Families and Schools Together FCU
71.10%
Star Harbor FCU
53.77%
Miramar FCU
CalCom FCU
Clearpath FCU
45.70%
Nikkei CU
$66,968
Fresno Grangers FCU
Matadors Community CU
2.06%
1.96%
$6,153,209
VA Desert Pacific FCU
1.78%
$27,203
36.33%
$24,948,864
$63,148,381
Bourns EFCU
Redwood CU
POPA FCU
Financial Center CU
Premier America CU
27.89%
97,814
Partners FCU
Edwards FCU
25.56%
21,114
KeyPoint CU
Financial Partners CU
15.74%
74,036
Farmers Insurance Group FCU
Ventura County CU
14.37%
76,355
Firefighters First CU
SafeAmerica CU
15.72%
Assets
$23,420,647
$936,642,016
$173,224,332
$3,895,009
1.74%
$2,702,889,934
1.57%
$4,180,508,157
$65,872,315
$196,565,700
$415,202,760
Loans/Shares
5,450
68,338
22.44%
$15,508,738
$36,653,231
1.48%
40.03%
37.39%
$3,695,763
1.83%
1.61%
Logix FCU
Credit Union Name
Redlands City Empl FCU
Coasthills CU
27.42%
$954,750
2.09%
Members
25.57%
Comunidad Latina FCU
$40,373,700
32.79%
$143,529,535
3.08%
Arrowhead CU
Member
Growth*
El Cajon FCU
25.76%
ROA
Credit Union Name
RAFE FCU
12-Month Member Growth
Credit Union Name
California State and Fed Emp 20 CU
America's Christian CU
$979,456
$2,260,579
25.75%
SFV Japanese CU
$231,054
27.47%
$82,382,266
41.49%
40.55%
28.10%
$339,754
Return on Assets
Loan
Growth*
73.37%
29.84%
25.80%
Sea Air FCU
12-Month Loan Growth
38.26%
1,304
24,885
78,436
29,584
Kinecta FCU
Vision One CU
Logix FCU
First Tech FCU
Loans/
Shares
117.28%
113.31%
106.45%
103.07%
101.50%
101.14%
100.71%
100.32%
99.29%
98.99%
Assets
$6,894,191
$879,237,791
$3,751,987,558
$1,339,435,177
$66,208,744
$1,024,241,286
$4,180,508,157
$686,582,401
$8,335,581,297
$1,051,710,352
*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.
20
THIRD QUARTER 2015
Third Quarter 2015
California Credit Union Leaders | CUs Under $20 Million in Assets
September 2015
Credit Union Name
El Cajon FCU
Fresno Grangers FCU
Share
Growth*
Shares
33.79%
$14,812,355
26.36%
$86,868
27.24%
25.37%
23.96%
LA Mission FCU
12.97%
Deluxe FCU
Cal Poly FCU
Espeeco FCU
19.53%
$11,491,820
$160,357
$6,875,212
39.31%
$11,619,980
33.91%
$714,644
USB EFCU
$6,138,518
6.73%
Assets
Canoga Postal FCU
$8,412,682
$12,175,268
Credit Union Name
Capital/
Assets
Delancey Street FCU
$10,708,132
8.37%
7.88%
Family FCU
Capital/Assets
Star Harbor FCU
Delancey Street FCU
El Cajon FCU
Deluxe FCU
Inland FCU
Loans
73.37%
$66,968
25.75%
$15,508,738
SOCAL FCU
22.93%
$593,539
Coast-Tel FCU
Northern Redwood FCU
1.05%
$1,809
Daijo FCU
$27,203
29.74%
$5,820,278
El Cajon FCU
28.37%
$4,167,759
Corrections FCU
$5,403,493
Credit Union Name
El Cajon FCU
Valley Hills FCU
$6,918,207
Chula Vista City EFCU
$7,898,911
Pacoima Development FCU
Espeeco FCU
Atchison Village CU
United Association CU
CRC FCU
429
0.85%
Credit Union Name
CRC FCU
Pomona Postal FCU
556
1,061
3.75%
1,328
3.45%
0.90%
2,558
4.12%
3.73%
0.92%
Coast-Tel FCU
Members
7.79%
3.94%
$3,695,763
$954,750
Assets
$3,895,009
$8,154,876
$93,599
$2,051,439
$16,446,507
$10,313,551
$12,868,248
0.82%
$15,508,738
0.75%
$15,623,839
Loans/
Shares
Assets
0.80%
$714,644
Loans/Shares
1,304
1,887
5.50%
1.03%
Fresno Grangers FCU
$11,148,198
32.79%
13.67%
12.19%
1.21%
PVHMC FCU
Member
Growth*
ROA
1.96%
35.40%
21.54%
25.57%
Credit Union Name
CRC FCU
25.27%
25.80%
SFV Japanese CU
$6,153,209
26.66%
$979,456
Fresno Grangers FCU
53.77%
28.88%
$231,054
Return on Assets
Loan
Growth*
45.70%
28.10%
$2,260,579
Credit Union Name
29.84%
$339,754
27.47%
Cherry EFCU
$7,059,628
38.26%
Corrections FCU
American FCU
1,294
SFV Japanese CU
Financial Benefits CU
1,306
Family FCU
1,981
Fresno Grangers FCU
117.28%
89.30%
87.70%
85.25%
84.38%
84.19%
80.76%
$6,894,191
$4,471,102
$8,154,876
$4,622,407
$12,868,248
$16,456,544
$954,750
79.19%
$18,822,351
72.23%
$15,508,738
75.74%
$7,778,354
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
THIRD QUARTER 2015
Third Quarter 2015
California Credit Union Leaders | CUs Between $20 Million and $50 Million in Assets
September 2015
Share
Credit Union Name
Sonoma FCU
Sonoma County Grange CU
Organized Labor CU
Inland Valley FCU
Growth*
Shares
14.26%
12.01%
ILWU - FSC FCU
S T A R Community CU
Capstone FCU
Technicolor FCU
Cedars-Sinai FCU
Assets
Assets
$20,575,811
$34,996,090
22.19%
21.87%
$32,379,068
$38,153,313
$38,107,646
LA Electrical Workers CU
20.77%
$45,929,848
16.63%
16.22%
16.16%
16.02%
15.55%
$33,656,796
$36,993,062
$21,918,672
$36,653,231
$36,627,691
$20,133,419
9.96%
$31,991,882
8.91%
8.28%
7.94%
7.88%
7.70%
Mid Cities CU
21.70%
Fresno Police Department CU
$22,485,364
$38,704,333
$35,183,945
$42,639,775
$21,256,511
SLO CU
United Financial CU
Sun-Pacific FCU
Bourns EFCU
allUS CU
Credit Union Name
1st Valley CU
Desert Communities FCU
Mattel FCU
Modestos First FCU
Sonoma FCU
Hamilton FCU
Cedars-Sinai FCU
Technicolor FCU
Loans
75.84%
36.27%
25.45%
24.08%
23.47%
23.39%
22.08%
17.03%
16.99%
14.10%
$19,353,783
$28,823,370
$6,242,603
$12,372,799
$7,287,432
$17,697,006
$4,981,379
$10,041,401
$3,512,500
$36,812,197
Credit Union Name
RAFE FCU
Bourns EFCU
Olive View EFCU
Cal State LA FCU
Sonoma FCU
San Gabriel Valley Postal CU
Hanin FCU
Mokelumne FCU
United Financial CU
Beverly Hills City EFCU
Credit Union Name
Hanin FCU
Ocean Crest FCU
RAFE FCU
Sonoma FCU
California Adventist FCU
Modestos First FCU
Cedars-Sinai FCU
Golden Valley FCU
14.14%
13.04%
8.47%
5.84%
5.23%
4.72%
3.91%
3.55%
3.01%
2.81%
19.49%
$22,147,206
$47,908,968
Return on Assets
Loan
Growth*
Member
Growth*
Capital/
Credit Union Name
Matson EFCU
Olive View EFCU
11.74%
10.45%
Diablo Valley FCU
Capital/Assets
Loans/Shares
Members
Credit Union Name
Printing Industries CU
Hanin FCU
Technicolor FCU
Silverado CU
2,188
3,650
4,109
4,277
1,830
3,509
2,500
4,224
2,939
3,148
Sonoma FCU
Mid Cities CU
RAFE FCU
Valley Oak CU
Cal State LA FCU
ROA
Assets
3.08%
1.83%
1.31%
1.25%
1.17%
1.15%
1.07%
0.98%
0.97%
0.71%
$23,420,647
$36,653,231
$38,153,313
$42,659,053
$22,552,168
$20,044,068
$25,961,543
$47,564,648
$36,993,062
$20,317,061
Loans/
Shares
Assets
98.97%
89.25%
86.33%
86.02%
86.01%
84.22%
82.36%
81.75%
79.30%
77.35%
$22,988,339
$25,961,543
$47,321,581
$40,721,792
$22,552,168
$22,147,206
$40,572,223
$23,420,647
$49,168,550
$42,659,053
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
THIRD QUARTER 2015
Third Quarter 2015
September 2015
Share
Credit Union Name
Community CU So Humboldt
Thinkwise CU
Polam FCU
Huntington Beach City ECU
Vision One CU
Mission City FCU
La Loma FCU
Growth*
Shares
18.90%
11.60%
14.71%
10.92%
10.42%
Tulare County FCU
Assets
Assets
$73,593,972
Credit Union Name
Pacific Transportation FCU
18.71%
$66,161,125
$60,842,506
Kings FCU
17.04%
$89,968,319
$64,019,455
Lassen County FCU
$47,383,437
$56,828,175
6.39%
$80,674,718
Vision One CU
$65,663,678
Growth*
Credit Union Name
CalCom FCU
41.49%
Clearpath FCU
Nikkei CU
$79,458,270
Shell Western States FCU
Kaiperm Diablo FCU
$73,029,275
First California FCU
Lassen County FCU
Prospectors FCU
Siskiyou Central CU
$40,373,700
21.13%
13.23%
Credit Union Name
Glendale FCU
First Imperial CU
North County CU
Ontario-Montclair Schl EFCU
Allied Healthcare FCU
Mission City FCU
Polam FCU
9.48%
9.33%
8.84%
6.37%
5.64%
4.49%
3.88%
3.48%
3.32%
2.70%
$62,422,940
$75,891,750
$66,208,744
$77,791,476
$69,383,442
$24,948,864
$29,582,572
$36,560,070
$28,192,186
1.36%
$66,590,909
1.23%
1.01%
Polam FCU
0.93%
United Methodist FCU
$22,477,534
1.38%
Polam FCU
$40,903,522
Assets
Bopti FCU
First Imperial CU
$31,646,574
ROA
$65,872,315
Kings FCU
Member
Growth*
$66,590,909
1.78%
Vision One CU
22.66%
13.38%
$65,872,315
Credit Union Name
$12,219,390
25.31%
Mission City FCU
Loans
33.85%
28.65%
13.63%
$64,447,607
Return on Assets
South Bay CU
29.13%
14.70%
Chabot FCU
$63,148,381
32.73%
15.24%
JACOM CU
40.55%
36.33%
15.71%
Thinkwise CU
Loan
15.78%
Bopti FCU
Glendale FCU
6.19%
18.12%
$74,872,745
6.36%
First Imperial CU
Capital/
6.81%
6.43%
Rancho FCU
Capital/Assets
0.99%
0.88%
0.86%
0.82%
$84,937,461
$66,208,744
$83,790,076
$83,700,705
$68,897,683
$53,212,346
$87,517,994
$89,968,319
Loans/Shares
Members
4,850
5,354
Credit Union Name
Vision One CU
South Bay CU
4,057
16,627
Tulare County FCU
5,601
Universal City Studios CU
7,538
Kings FCU
6,377
Clearpath FCU
4,369
First Imperial CU
9,368
3,158
CalCom FCU
Loans/
Shares
Assets
101.50%
84.06%
$66,208,744
$84,937,461
79.07%
$65,872,315
79.54%
$87,181,983
78.96%
$66,667,338
77.74%
$94,193,331
76.71%
$66,038,633
78.37%
77.71%
73.94%
$89,968,319
$83,700,705
$63,086,672
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.
23
THIRD QUARTER 2015
Third Quarter 2015
September 2015
Share
Credit Union Name
ILWU CU
Members 1st CU
Mendo Lake CU
Capital/Assets
Growth*
Shares
15.48%
10.55%
14.64%
9.63%
Capital/
Assets
Assets
$158,766,321
Credit Union Name
Sea Air FCU
25.76%
$143,529,535
$103,922,506
E-Central CU
17.30%
$160,793,513
$150,885,245
Long Beach Firemens CU
$185,749,592
18.08%
United Local CU
17.13%
8.48%
$119,209,778
San Joaquin Power ECU
16.56%
CAHP CU
8.32%
$129,822,580
Monterey CU
14.23%
Camino FCU
California Lithuanian CU
Community First CU
Yolo FCU
8.34%
8.31%
7.69%
7.62%
$125,318,605
Harbor FCU
$93,197,107
Pacific Community CU
$166,946,502
$210,721,014
Pacific Postal CU
Loan
Credit Union Name
Miramar FCU
CAHP CU
Members 1st CU
Pasadena Service FCU
Solano First FCU
Alta Vista CU
Heritage Community CU
Fiscal CU
Loans
71.10%
$82,382,266
33.48%
$114,803,429
26.76%
$55,017,113
27.66%
25.05%
$80,165,808
Mendo Lake CU
20.81%
$125,486,838
Central State CU
Community First CU
CAHP CU
$181,709,368
1.12%
Community First CU
Cabrillo CU
27,451
Santa Cruz Community CU
6.77%
15,940
4.83%
21,489
3.63%
1.15%
0.92%
0.91%
$196,565,700
$107,589,868
$170,188,883
$135,643,698
$143,681,545
$237,153,823
$160,793,513
$186,572,642
Loans/Shares
5,450
21,114
3.64%
1.33%
Yolo FCU
E-Central CU
$57,719,161
1.41%
1.22%
40.03%
25.56%
4.20%
1.61%
CAHP CU
$92,529,704
Assets
1.44%
Credit Union Name
United Local CU
CAHP CU
4.43%
$212,280,850
$125,560,520
ILWU CU
Members
4.60%
13.71%
14.07%
$173,224,332
Member
Growth*
5.47%
$188,555,166
2.06%
Credit Union Name
Edwards FCU
$219,952,472
14.07%
ROA
$74,780,003
$74,660,500
18.55%
$110,205,801
Credit Union Name
POPA FCU
$81,598,921
24.64%
24.56%
$107,577,284
$130,160,463
Return on Assets
Growth*
63.18%
15.02%
$170,188,883
Kern FCU
17,579
Community First CU
14,956
Members 1st CU
13,796
9,754
26,158
ILWU CU
Loans/
Shares
Assets
96.30%
88.43%
$107,577,284
$143,681,545
87.45%
$105,495,979
81.08%
$186,572,642
88.15%
85.33%
78.52%
78.23%
76.94%
76.70%
$225,782,258
$173,224,332
$117,961,832
$170,188,883
$130,160,463
$181,709,368
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
24
THIRD QUARTER 2015
Third Quarter 2015
September 2015
Share
Credit Union Name
Growth*
24.88%
Capital/Assets
Capital/
Shares
Credit Union Name
Financial Center CU
$296,244,532
Assets
Assets
22.39%
$415,202,760
19.52%
$337,826,747
Financial Center CU
11.05%
$316,383,432
Vons EFCU
20.84%
UNCLE CU
9.75%
$284,116,552
Safe 1 CU
15.79%
Sun Community FCU
10.31%
SafeAmerica CU
Foothill FCU
Safe 1 CU
CommonWealth Central CU
Mocse CU
9.72%
9.39%
8.75%
7.36%
7.14%
6.89%
$293,409,747
Sea West Coast Guard FCU
$312,325,271
Sacramento CU
$264,455,947
Glendale Area Schools FCU
$293,750,080
Foothill FCU
$334,101,143
Sun Community FCU
$398,100,676
Loan
Credit Union Name
SafeAmerica CU
UNCLE CU
Sun Community FCU
CBC FCU
Loans
31.35%
25.28%
Foothill FCU
Alliance CU
Mocse CU
PremierOne CU
SafeAmerica CU
USC CU
Burbank City FCU
Foothill FCU
Sun Community FCU
$253,778,247
Alliance CU
$244,914,934
Safe 1 CU
$169,590,817
San Diego Metropolitan CU
$83,694,690
$188,358,729
Merced School EFCU
CBC FCU
Long Beach City EFCU
Members
37.39%
27.42%
6.98%
3.44%
3.35%
2.94%
1.37%
1.11%
1.09%
1.03%
0.89%
0.87%
0.80%
0.78%
$339,134,875
$396,093,527
$404,450,127
$303,201,513
$253,574,309
$370,232,403
$344,558,110
$426,763,357
Loans/Shares
Member
Growth*
3.61%
Assets
$452,707,353
17.04%
3.82%
ROA
1.28%
6.03%
$332,678,851
Vons EFCU
$315,024,674
15.72%
$437,495,645
$215,067,968
Credit Union Name
$341,361,629
$415,202,760
Foothill FCU
19.48%
15.93%
$339,134,875
1.48%
$191,019,615
Sacramento CU
16.58%
$344,558,110
$299,162,200
$234,664,208
17.82%
$396,093,527
Credit Union Name
Financial Center CU
22.72%
20.14%
USC CU
10.24%
$404,450,127
Return on Assets
Growth*
26.71%
12.53%
10.31%
12.75%
11.11%
SkyOne FCU
$229,290,405
13.48%
$452,707,353
Assets
68,338
24,885
Credit Union Name
SafeAmerica CU
First Financial CU
Loans/
Shares
95.79%
93.30%
$353,526,956
$437,733,342
63,907
USC CU
82.07%
$422,348,842
29,584
Safe 1 CU
16,432
Sun Community FCU
23,416
35,514
23,050
UNCLE CU
16,302
Alliance CU
8,881
Point Loma CU
82.53%
79.98%
79.62%
78.08%
75.70%
75.59%
73.28%
$404,450,127
$341,361,629
$253,574,309
$303,201,513
$318,649,555
$370,232,403
$443,453,776
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
25
THIRD QUARTER 2015
Third Quarter 2015
California Credit Union Leaders | CUs Between $500 Million and $1 Billion in Assets
September 2015
Share
Credit Union Name
Southland CU
Bay FCU
Coasthills CU
Capital/Assets
Growth*
Shares
26.46%
$850,027,946
11.42%
$657,310,011
19.35%
10.76%
Capital/
Credit Union Name
Operating Engineers Local Union 3 F
Assets
Assets
14.40%
$912,417,949
Pacific Marine CU
14.21%
$508,095,810
SF Police CU
$709,147,564
13.53%
$686,582,401
Los Angeles Police FCU
12.32%
$841,552,893
University CU
10.36%
$491,375,223
Arrowhead CU
Santa Clara County FCU
9.16%
$573,335,805
Los Angeles FCU
7.42%
$617,144,230
Christian Community CU
Fresno County FCU
SESLOC FCU
Arrowhead CU
9.73%
8.22%
7.35%
$536,684,629
$513,887,000
Loan
Credit Union Name
Ventura County CU
American First CU
Loans
36.20%
$559,178,377
18.88%
11.63%
Sierra Central CU
11.62%
$797,063,138
$722,536,049
$936,642,016
$844,438,721
$558,517,092
$616,179,552
$772,060,176
Return on Assets
Growth*
29.52%
11.76%
13.15%
11.90%
First City CU
$785,033,749
14.34%
ROA
Credit Union Name
Arrowhead CU
$430,935,275
$342,519,968
2.09%
Assets
$936,642,016
Operating Engineers Local Union 3 F
1.38%
$912,417,949
Fresno County FCU
1.05%
$600,744,745
Coasthills CU
18.53%
$803,503,464
SESLOC FCU
0.99%
$685,388,257
SCE FCU
17.67%
$388,632,191
Bay FCU
0.98%
$732,701,827
Fresno County FCU
18.07%
Sierra Central CU
15.45%
San Mateo CU
14.94%
San Francisco FCU
Water and Power Community CU
14.92%
13.31%
$413,982,870
$558,995,812
Coasthills CU
$531,519,273
$234,114,949
$490,522,064
Credit Union Name
Ventura County CU
Southland CU
San Francisco FCU
Fresno County FCU
SESLOC FCU
Valley First CU
Bay FCU
Evangelical Christian CU
SF Police CU
0.98%
0.82%
Sierra Central CU
0.81%
0.81%
Members
22.44%
14.37%
78,436
76,355
Credit Union Name
Coasthills CU
13.76%
37,608
Xceed Financial CU
13.54%
9.62%
9.28%
6.45%
6.16%
5.87%
$686,582,401
$879,237,791
$989,887,394
$772,060,176
$636,299,359
Loans/Shares
Member
Growth*
14.13%
0.99%
55,442
AltaOne FCU
71,880
41,140
69,249
Ventura County CU
60,103
Honda FCU
12,330
Sierra Central CU
37,124
1st United Services CU
Loans/
Shares
113.31%
100.32%
Assets
$879,237,791
$686,582,401
98.34%
$608,383,270
92.91%
$616,179,552
94.17%
88.81%
86.37%
85.30%
82.78%
81.82%
$907,948,671
$908,071,838
$719,193,227
$685,710,268
$772,060,176
$846,411,315
26
THIRD QUARTER 2015
Third Quarter 2015
California Credit Union Leaders | CUs Over $1 Billion in Assets
September 2015
Share
Credit Union Name
Altura CU
Premier America CU
California CU
Kinecta FCU
Growth*
Shares
63.26%
23.51%
Capital/
Assets
Assets
$1,011,231,478
$1,891,774,649
Credit Union Name
Logix FCU
F & A FCU
16.34%
14.81%
$4,180,508,157
$1,447,198,621
12.85%
$1,155,037,771
LBS Financial CU
13.52%
$1,190,429,127
11.96%
11.55%
11.29%
11.09%
10.32%
$1,133,405,645
$8,269,323,770
$899,552,079
$1,774,998,204
$2,360,634,693
Educational ECU
Mission FCU
Travis CU
Partners FCU
Provident CU
15.60%
12.67%
Orange County's CU
Golden 1 CU
Technology CU
Redwood CU
Capital/Assets
$854,775,214
San Diego County CU
$3,211,078,074
Pacific Service CU
Credit Union Name
Altura CU
Premier America CU
California Coast CU
Travis CU
Technology CU
First Tech FCU
California CU
Meriwest CU
Golden 1 CU
San Francisco Fire CU
First Tech FCU
SchoolsFirst FCU
Golden 1 CU
California Coast CU
Loans
72.48%
33.12%
25.57%
25.07%
24.80%
22.53%
22.44%
21.53%
21.25%
20.96%
$676,544,991
$1,455,965,555
$1,438,013,247
$839,091,619
$1,569,002,960
$1,238,349,808
$5,846,165,490
$1,025,167,994
$855,973,640
$5,447,983,588
12.54%
12.20%
12.09%
12.07%
11.88%
$1,108,483,124
$2,451,550,286
$2,797,949,388
$2,475,977,179
$1,339,435,177
$2,115,578,034
Credit Union Name
Redwood CU
Logix FCU
Partners FCU
San Diego County CU
First Tech FCU
Mission FCU
Educational ECU
Stanford FCU
F & A FCU
Orange County's CU
ROA
1.74%
1.57%
1.41%
1.26%
1.24%
1.17%
1.11%
1.10%
1.09%
0.99%
Assets
$2,702,889,934
$4,180,508,157
$1,339,435,177
$7,094,186,997
$8,335,581,297
$2,797,949,388
$2,451,550,286
$1,821,148,446
$1,447,198,621
$1,299,593,696
Loans/Shares
Member
Growth*
Members
27.89%
15.74%
11.94%
9.54%
97,814
74,036
154,840
300,975
9.10%
8.96%
8.29%
8.13%
7.21%
7.17%
13.33%
$7,094,186,997
Return on Assets
Loan
Growth*
Credit Union Name
Premier America CU
Logix FCU
San Diego County CU
13.69%
Credit Union Name
Kinecta FCU
Partners FCU
KeyPoint CU
Logix FCU
57,924
415,875
668,657
743,736
138,621
33,261
First Tech FCU
Chevron FCU
California CU
Meriwest CU
Loans/
Shares
106.45%
103.07%
101.14%
100.71%
99.29%
98.99%
98.17%
91.10%
88.76%
86.43%
Assets
$3,751,987,558
$1,339,435,177
$1,024,241,286
$4,180,508,157
$8,335,581,297
$1,051,710,352
$1,058,549,398
$2,696,182,340
$1,477,482,989
$1,156,962,470
27
THIRD QUARTER 2015
Third Quarter 2015
California Milestones
September 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
El Cajon FCU
1,304
982 32.8%
Comunidad Latina
FCU
2,558 2,280 12.2%
VA Desert Pacific
FCU
5,354 4,897 9.3%
California State and
Fed Emp 20 CU 5,450 3,892 40.03%
ILWU CU
15,155 14,919 1.6%
Matadors
Community CU 15,940 14,929 6.8%
Edwards FCU
21,114 16,816 25.6%
First US
Community CU 24,885 19,530 27.4%
KeyPoint CU
50,493 47,350 6.6%
SCE FCU
52,112 49,520 5.2%
Southland CU
55,442 48,579 14.1%
America’s
Christian CU
68,338 49,741 37.4%
Logix FCU
154,840 138,328 11.9%
San Diego
County CU
300,975 274,760 9.5%
Exceeded $1 Million Monrovia City EFCU $1.00 $0.99
Chula Vista City EFCU$1.02 $0.99
1.8%
2.7%
Exceeded $2.5 Million Airco FCU
$2.52 $2.45
3.2%
Credit Union Name
Exceeded $10 Million PVHMC FCU
$10.31 $9.83 4.9%
Exceeded $25 Million ILWU - FSC FCU $25.34 $23.55 7.6%
Exceeded $50 Million Huntington Beach
City ECU
$52.98 $48.16 10.0%
Exceeded $100 Million California Lithuanian
CU
$107.59 $98.97 8.7%
Exceeded $150 Million Priority One CU $153.07 $149.49 2.4%
Central State CU $158.00 $148.36 6.5%
Exceeded $250 Million Mocse CU
$251.40 $235.97 6.5%
Exceeded $500 Million University CU
$535.37 $484.35 10.5%
American First CU $545.96 $499.41 9.3%
Southland CU
$578.57 $490.34 18.0%
Exceeded $1 Billion Northrop Grumman
FCU
$1,001.19 $960.74 4.2%
KeyPoint CU
$1,024.24 $932.84 9.8%
Firefighters
First CU
$1,051.71 $931.52 12.9%
Financial
Partners CU $1,058.55 $900.40 17.6%
San Francisco
Fire CU
$1,084.92 $992.83 9.3%
Altura CU
$1,144.65 $718.86 59.2%
28
THIRD QUARTER 2015
Exceeded $5 Million El Cajon FCU
$5.40 $4.19 28.9%
Northeast Community
FCU
$5.82 $4.49 29.7%
Star Harbor FCU
$6.15 $4.00 53.8%
Desert Communities FCU$6.24$4.98 25.4%
Exceeded $10 Million Hamilton FCU
$10.04 $8.58 17.0%
Northern Redwood
FCU
$11.15 $9.17 21.5%
Shell Western States
FCU
$12.22 $9.13 33.8%
Mattel FCU
$12.37 $9.97 24.1%
Exceeded $25 Million SMW 104 FCU
$27.15 $24.60 10.3%
Glendale FCU
$27.73 $24.15 14.8%
Prospectors FCU $28.19 $22.50 25.3%
Sonoma County
Grange CU
$28.82 $21.15 36.3%
Kaiperm Diablo FCU$29.58 $22.29 32.7%
Lassen County FCU$31.65 $24.60 28.6%
Exceeded $100 Million CAHP CU
$114.80 $86.01 33.5%
Exceeded $500 Million USE CU
$503.97 $474.03 6.3%
Coast Central CU $511.72 $454.72 12.5%
Los Angeles Police
FCU
$519.56 $486.96 6.7%
San Mateo CU
$531.52 $462.42 14.9%
AltaOne FCU
$538.37 $497.37 8.2%
Sierra Central CU $559.00 $484.18 15.5%
Ventura County CU$559.18 $410.55 36.2%
Altura CU
$676.54 $392.25 72.5%
Exceeded $1 Billion California CU $1,025.17 $843.58 21.5%
Stanford FCU $1,086.62 $959.15 13.3%
Exceeded $5 Billion SchoolsFirst FCU $5,520.37$4,884.91 13.0%
First Tech FCU $5,846.17$4,774.76 22.4%
Third Quarter 2015
California CU Mergers/Liquidations 2004-3Q ’15
No. of CA
No. of
Mergers/
Year
CA CUs
Liquidations
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
578
560
543
518
495
469
446
423
409
390
371
353
Percentage
of CA CUs
Mergers/
Liquidations
18
19
17
26
23
26
20
23
14
19
19
18
3.11%
3.39%
3.13%
5.02%
4.65%
5.54%
4.48%
5.44%
3.42%
4.87%
5.12%
5.10%
Recent California CU Mergers/Liquidations*
Merged/Liquidited CU
Butte FCU
City
Assets
Biggs
36,200,803
Members Branches Type
Assets
Members Branches
Self-Help FCU
Durham
NC
605,983,507
62,028
25
Anaheim
CA
989,887,394
78,436
17
Patriots FCU
Southland Credit Union
Los Alamitos
CA
578,568,194
55,442
8
Interstate FCU
Anaheim
19,867,123
2,996
1
M
Credit Union of
Southern California
17
LMCC EFCU
5,538
1
M
State
Credit Union of
Southern California
72,590,763
3
City
California Center CU
Ontario
7,775,963
1,490
1
M
Tustin
8,281
Surviving CU M
Anaheim
CA
989,887,394
78,436
LA Mesa
3,271,998
362
2
P
El Cajon FCU
El Cajon
CA
16,446,507
1,304
1
Moreno Valley
332,807,579
33,878
5
P
Altura CU
Riverside
CA
1,144,650,748
85,224
14
Newport Beach City EFCU
Newport Beach
12,656,689
1,342
0
P
Credit Union of
Southern California
17
Palm Springs FCU
Visterra Credit Union
Pacific Oaks FCU
Big Valley FCU
Anaheim
CA
989,887,394
78,436
Palm Springs
13,100,901
1,580
1
P
Sun Community FCU
El Centro
CA
341,361,629
35,514
9
Camarillo
300,469,390
20,584
6
P
Premier America CU
Chatsworth
CA
2,123,587,994
97,814
21
7
Sacramento
55,802,734
6,732
2
P
Sacramento
CA
332,678,851
24,885
Santa Monica
12,040,677
1,718
1
M
Los Alamitos
CA
578,568,194
55,442
8
San Diego
74,393,021
5,647
3
P
Downey
CA
1,058,549,398
74,036
10
San Francisco
13,838,658
1,069
0
P
San Francisco FCU
San Francisco
CA
974,844,640
37,608
7
Santa Cruz
26,236,666
2,462
1
M
Bay Federal Credit Union
Capitola
CA
732,701,827
60,103
7
South Western FCU
La Habra 117,072,063
10,875
2
M
Credit Union of
Southern California
Southland Savings FCU
Westside Employees FCU
SD Medical FCU
SF Recreation & Parks FCU
Santa Cruz County ECU
Sunnyvale Federal Credit Union
Taylor Meml Untd
Methdst Church FCU
Anaheim
CA
989,887,394
78,436
17
Buena Park
7,581,910
949
1
P
Downey
CA
1,058,549,398
74,036
10
Sunnyvale
15,736,861
1,345
1
M
Technology Credit Union
San Jose
CA
1,992,618,549
73,971
11
Oakland
22,221
107
0
L
* Based on year last call report was filed.
29
THIRD QUARTER 2015
Third Quarter 2015
Third Quarter 2015
California Credit Union Financial Summary
Data as of September 2015
Credit Union Name
State
Golden 1 Credit Union
CA
Star One Credit Union
CA
SchoolsFirst FCU
First Tech FCU
San Diego County CU
Assets
CA
$11,438,769,717
CA
$8,335,581,297
$7,760,198,043
668,657
44
415,875
40
743,736
94,348
10.9%
0.03%
0.02%
0.79
61.5%
4.6%
12.0%
1.47%
0.26%
0.83
3.3%
8.2%
0.47%
0.34%
0.45
CA
$2,702,889,934
207,910
Travis Credit Union
CA
$2,475,977,179
175,918
Chevron FCU
Educational ECU
SAFE Credit Union
Western FCU
CA
CA
CA
CA
$2,696,182,340
$2,451,550,286
$2,295,491,716
First Entertainment CU
16
11.2%
15.0%
24
9.2%
24.8%
29
23
15
22
CA
$1,590,991,120
123,578
11
CA
$1,447,198,621
43,852
2
CA
Orange County's Credit Union
-1.1%
23
California CU
Partners FCU
13.4%
138,621
$1,821,148,446
Kern Schools FCU
15.8%
$1,947,563,562
CA
NuVision FCU
8.2%
22
Stanford FCU
Caltech EFCU
8.0%
CA
CA
CA
CA
CA
CA
CA
$1,477,482,989
$1,379,623,045
$1,364,308,709
$1,339,435,177
$1,322,638,635
$1,299,593,696
$1,221,119,376
97,814
73,971
54,223
87,982
31,524
87,285
118,547
0.09%
6.5%
12.0%
0.30%
9.4%
2.9%
5.8%
5.9%
7.1%
3.7%
4
9.0%
5.0%
11.1%
10
75,775
11
14.0%
6
6.0%
2.2%
9.1%
4.3%
8.7%
14
59.2%
6
2.5%
8.6%
7.8%
6.4%
3.7%
1.5%
0.6%
CA
1st United Services CU
CA
-0.2%
13.2%
0.96%
0.10%
0.68
$879,237,791
$847,211,651
$846,411,315
60,954
13
82,204
8
$841,552,893
$797,063,138
$772,060,176
$732,701,827
14.6%
0.86
55.0%
19.4%
8.0%
0.83%
0.21%
0.96
79.7%
13.3%
0.06%
0.02%
0.60
47.3%
9.7%
0.19%
0.14%
0.44
98.2%
8.0%
0.30%
0.13%
0.59
101.1%
10.0%
-2.9%
11.8%
49,874
10
1.2%
38,686
4
6.3%
6.7%
5
3.7%
3.4%
37,124
8
9
61,570
19
60,103
76,355
59,178
27,277
7.3%
5.6%
4.2%
5.7%
14.9%
7.1%
9.3%
6.3%
15.5%
6.2%
3.8%
4.9%
0.40%
0.62%
0.06%
0.30%
0.77
0.50
99.0%
52.5%
-1.9%
9.5%
0.46%
0.52%
0.55
69.2%
-0.3%
5.9%
14.5%
0.23%
0.13%
0.24%
0.46%
0.56
0.25
0.63
81.8%
70.8%
68.4%
0.0%
17.7%
26.4%
30.3%
24.3%
29.7%
0.5%
11.6%
0.46%
0.56%
0.81
82.8%
16.6%
1.4%
14.3%
0.24%
0.26%
0.64
72.0%
27.8%
3.9%
13.5%
9.6%
9.1%
4.7%
10.1%
-7.1%
2.9%
5.5%
0.8%
6
12.2%
0.33%
1.6%
15.1%
62.2%
0.44%
30.9%
11.7%
113.3%
0.32
10.6%
17.3%
70.0%
0.98
0.57%
14.4%
10.9%
0.33%
6.2%
16.6%
23.3%
88.8%
0.13
26.1%
94.2%
-1.53
0.61%
36.2%
8.2%
0.24%
18.6%
15.5%
11.9%
1.0%
5.3%
10
0.39%
1.16%
10.2%
63.1%
1.4%
7
4.8%
0.51%
1.38
56.9%
0.77
6.4%
3.8%
5.10%
0.08%
0.32
0.20%
10.5%
10.5%
8.8%
0.46%
0.08%
0.30%
2.5%
4.5%
7.0%
0.35%
9.7%
7
4
$651,532,520
9.0%
18.5%
41,140
$685,710,268
4.7%
14.9%
17
$685,388,257
-15.4%
11
59,993
10.5%
14.4%
-13.9%
-6.8%
6.9%
0.13%
-1.2%
-11.2%
5.8%
5.7%
0.50%
7.2%
13.8%
9.6%
11.4%
11.6%
1
48,262
$719,193,227
4.4%
14.9%
25.4%
86.4%
12,330
24
$686,582,401
CA
9.4%
$908,071,838
73,444
CA
Contra Costa FCU
61.8%
55.9%
CA
82.2%
0.74
2.09
11
CA
0.91
0.23%
0.54%
77,133
Honda Federal Credit Union
0.17%
0.56%
0.23%
$722,536,049
SESLOC FCU
0.26%
9.5%
13.9%
CA
CA
14.1%
4.5%
Pacific Marine CU
Ventura County CU
24.5%
9.5%
42,815
CA
68.1%
9.3%
6.8%
8.2%
21.0%
0.99
11
7
3.9%
0.07%
9.5%
8.6%
8.5%
13.8%
0.43%
66.9%
11.0%
19.8%
9.6%
0.94
9.1%
20.6%
22.2%
66.8%
0.84%
19.7%
6.8%
103.1%
0.51
0.58%
3.2%
25.1%
1.41
0.21%
10.7%
12.5%
11.4%
0.82%
0.36%
2.7%
4.2%
56.2%
0.84%
72.5%
21.3%
13.7%
12.0%
124,940
$816,296,264
CA
77.4%
$936,642,016
CA
Sierra Central CU
0.62
50.7%
USE CU
Bay Federal Credit Union
0.33%
28.4%
0.82
54,592
CA
23.6%
0.79
0.26%
$844,438,721
SF Police CU
1.09
0.06%
88.8%
1.37%
CA
CA
0.12%
0.65
12.6%
37,608
Los Angeles Federal Credit Union
Los Angeles Police FCU
60.9%
22.4%
$907,948,671
CA
0.85
29.5%
CA
CA
0.35%
71.6%
26.2%
Xceed Financial CU
San Mateo CU
84.1%
1.10
17
$912,417,949
Coasthills CU
0.98
78,436
CA
CA
0.18%
$989,887,394
Operating Engineers Local Union 3 FCU
65.6%
77.6%
6.6%
4.2%
0.74
75.2%
0.89
8.8%
18
0.08%
0.71
46.9%
0.13%
9.8%
12.9%
0.64%
1.11
91.1%
0.89%
9
5
9.3%
0.45%
0.83
72.4%
11.0%
50,493
4
0.13%
0.04%
1.17
-0.9%
15.7%
Arrowhead CU
0.14%
9.5%
0.20%
8.3%
25.1%
$974,844,640
1.00%
10.4%
7.2%
12.7%
17.6%
CA
-0.05%
-4.6%
9.5%
4.5%
10
CA
0.09%
0.44%
74,036
San Francisco FCU
14.5%
12.2%
$1,058,549,398
Credit Union of Southern California
69.8%
0.5%
CA
49,408
0.84
0.24%
$1,001,189,873
-0.06%
14.7%
56,968
CA
0.21%
0.10%
0.32%
$1,108,483,124
Northrop Grumman FCU
10.5%
10.3%
CA
$1,024,241,286
13.6%
5.0%
Pacific Service CU
CA
77.0%
0.94%
14.4%
11.5%
12
KeyPoint CU
0.82
0.47%
5.7%
10
61,322
33,261
0.06%
9.9%
$1,135,291,944
$1,051,710,352
0.64%
9.6%
0.1%
CA
CA
9.7%
9.5%
Coast Central CU
20.3%
5.1%
70,505
57,924
70.6%
3
11
$1,084,921,264
0.56
10.3%
70,851
CA
0.42%
2.7%
$1,156,962,470
San Francisco Fire CU
1.02%
12.6%
21.5%
11
5.8%
14.7%
0.43%
9.7%
31.0%
72.7%
0.23%
11.6%
4.3%
14.9%
0.92
10.6%
14
29.6%
22.7%
0.51%
10.5%
11.6%
0.3%
14.4%
14.2%
7.2%
1.7%
106.4%
18.3%
17.4%
86.1%
0.23%
25.6%
7.6%
76.8%
100.7%
Assets
1.74
12.2%
0.5%
6.6%
78.6%
1st Mtgs.
14.8%
6.5%
13.3%
99.3%
Fixed Rate
67.3%
13
14
85,224
14.4%
0.56%
22.5%
CA
$1,144,650,748
15.2%
1.57
11.7%
6.3%
10.7%
Meriwest CU
CA
7.7%
14.4%
0.38%
1.26
5.5%
11
121,004
Altura CU
8.6%
0.64%
0.03%
1.24
0.68
27.9%
$1,190,429,127
$1,179,670,545
9.5%
12.2%
16.6%
0.29%
0.15%
0.11%
33.1%
CA
CA
9.6%
17.2%
13.7%
0.31%
0.44%
24.0%
LBS Financial CU
North Island CU
9.2%
9.5%
7.5%
21
149,820
93,212
9.5%
11.9%
104,997
$1,992,618,549
F & A FCU
36
7.6%
9.0%
18.9%
$2,115,578,034
CA
CA
$2,123,587,994
18.5%
10.6%
45
Technology Credit Union
Schools Financial CU
190,384
7.6%
22.4%
10.3%
183,403
CA
California Coast CU
245,024
17.3%
37
$2,131,795,187
Premier America CU
Provident CU
104,195
57.9%
1.8%
Redwood CU
185,274
0.96
7.9%
22
$2,797,949,388
0.37%
13.7%
189,461
CA
0.51%
Savings
5
$3,238,792,671
Mission FCU
11.7%
ROA
65.9%
CA
278,457
8.3%
Avg Loans
0.78
Wescom CU
$3,751,987,558
13.0%
Loans
Loans/
0.29%
15
CA
9.7%
Assets
Net
Chg-offs/
0.51%
154,840
Kinecta FCU
Growth
Delinq
Loans/
11.7%
$4,180,508,157
294,708
Growth
Networth/
8.1%
CA
$4,579,181,306
Growth
Member
21.0%
38
CA
12-Month
Loan
10.8%
300,975
Logix FCU
12-Month
Asset
80
$7,094,186,997
Patelco CU
CA
$9,508,199,852
Members Branches
12-Month
8.7%
9.1%
0.89%
0.42%
0.47%
0.35%
0.62%
0.47%
0.98
0.48
100.3%
0.99
58.9%
0.22%
0.20%
0.78
10.4%
0.13%
0.07%
0.52
0.11%
86.4%
0.99
9.9%
1.21%
74.6%
85.3%
31.6%
20.8%
9.6%
12.2%
28.8%
10.5%
19.8%
continued u
30
THIRD QUARTER 2015
Third Quarter 2015
Third Quarter 2015
Credit Union Name
State
SCE Federal Credit Union
CA
CA
CA
Assets
$636,299,359
$632,562,895
$616,179,552
Members Branches
46,598
7
52,112
10
30,594
12-Month
12-Month
12-Month
Growth
Growth
Growth
2
Asset
9.6%
2.8%
8.9%
13.5%
11.4%
0.86%
0.58%
1.05
80.6%
5.7%
10.2%
8
18.0%
5
5.6%
$558,517,092
55,815
$552,653,814
33,275
American First CU
CA
$545,964,418
38,742
Valley First CU
University CU
Vons EFCU
CommonWealth Central CU
CBC FCU
Point Loma Credit Union
First Financial CU
SkyOne FCU
Merced School EFCU
USC CU
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
$547,918,409
$535,373,090
$452,707,353
$445,848,535
$443,814,758
$443,453,776
$437,733,342
$437,495,645
$426,763,357
$422,348,842
69,249
33,176
8
14
35,991
63,907
LA Financial Credit Union
SafeAmerica Credit Union
Sun Community FCU
Foothill FCU
Sea West Coast Guard FCU
UNCLE CU
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
$365,716,070
$361,078,786
$359,496,677
$353,526,956
$344,558,110
$341,361,629
$339,134,875
$337,826,747
$332,678,851
$318,649,555
Yolo FCU
CA
$237,153,823
AFTRA-SAG FCU
CA
CA
CA
23,416
12,643
24,885
22,396
$251,397,443
$226,719,406
$225,782,258
$223,773,708
8,881
-1.7%
7.9%
0.57%
0.69%
0.50
73.3%
23.4%
0.8%
10.8%
0.55%
0.42%
0.23
69.3%
21.3%
8.2%
0.78%
0.27%
0.55
82.1%
10.5%
15.8%
0.47%
0.25%
1.09
82.5%
11.2%
75.6%
12.8%
58.1%
11.2%
3.4%
-1.4%
13.0%
22.7%
3.6%
2
1.1%
3
7
5
2.3%
9.4%
25.1%
3
12.6%
17.8%
13.4%
9.7%
-2.2%
1.8%
3.4%
0.3%
27,451
4
9.6%
13.7%
5.5%
4.6%
-1.7%
24.6%
-2.4%
8.4%
1.6%
CA
$197,083,273
13,796
3
0.7%
POPA FCU
CA
$196,565,700
16,290
4
5.9%
CA
$188,555,166
11,354
2
1.3%
Downey FCU
CA
$193,322,807
13,909
1
Community First CU
CA
$186,572,642
17,579
6
Edwards FCU
CA
$173,309,159
21,114
2
ILWU CU
UMe FCU
Miramar FCU
CA
CA
CA
CA
$181,709,368
$173,224,332
$172,698,825
$171,602,962
CA
$170,188,883
Central State CU
CA
$158,002,496
E-Central CU
CA
$160,793,513
15,155
15,940
13,383
7,030
3,258
15,855
21,489
20.8%
4.1%
11.9%
9.4%
13.5%
8.4%
9.0%
7.9%
11.3%
8.4%
14.0%
10.4%
0.20%
0.98%
0.70%
0.20%
1.43%
0.21%
0.52%
$204,466,913
CA
0.13%
0.39%
8.3%
-4.7%
Mendo Lake Credit Union
9.8%
1.01%
-1.9%
3.5%
-1.3%
10.2%
0.53%
4
3.8%
0.37%
13.4%
3.6%
-2.1%
5
0.56%
-6.0%
30,157
15,019
0.80
0.38%
0.34%
10.3%
$214,288,324
$212,280,850
0.05%
11.4%
0.7%
-0.6%
CA
-0.40
0.27%
61.2%
20.5%
0.66
95.8%
28.1%
0.76
80.0%
22.8%
1.37
16.1%
57.7%
5.5%
16.3%
31.1%
2.2%
Pacific Postal CU
0.36%
0.34%
0.73
1.1%
11.3%
0.95%
9.0%
8.1%
0.02%
2.0%
2.7%
21.3%
0.57
1.86%
-12.2%
-1.9%
0.50
0.27%
10.7%
8.5%
2
0.15%
2.9%
2
6,591
0.04%
4.9%
20.3%
10,675
$217,083,801
54.7%
0.87
75.7%
$219,581,429
CA
1.11
0.53%
0.58
CA
CA
-0.08%
0.06%
Santa Barbara Teachers FCU
Tucoemas FCU
0.53%
3.0%
0.08%
6.0%
Parsons FCU
51.6%
8.6%
10.1%
0.5%
4.4%
1.48
37.3%
29.3%
-5.0%
6
7
0.81%
0.78
93.3%
24.7%
14.2%
18,505
19,087
0.11%
0.42
69.5%
25.9%
46.0%
$220,075,724
$219,952,472
0.47%
0.57
67.7%
0.58
CA
CA
8.0%
0.27%
1.28
6.6%
0.08%
Eagle Community CU
Monterey CU
0.52%
0.47%
0.69
0.38%
-1.0%
8.5%
0.28%
-0.07%
19.5%
4.8%
3.8%
0.82%
0.09%
12.4%
16.6%
7.1%
0.29%
9.6%
3.8%
6.5%
8.2%
0.40%
0.51%
12.8%
-3.6%
0.35%
8.7%
-0.4%
6.0%
3.5%
9.7%
-0.9%
-1.6%
4.3%
8.7%
13.5%
5.3%
25.3%
9.4%
0.8%
37.4%
4
2
14.6%
21.0%
22.0%
2.0%
7.9%
16,497
5
3.3%
10.2%
0.6%
27.4%
1.2%
4
13.4%
1.1%
26.7%
9.1%
4
21,359
18.2%
9
2
3.7%
16,302
20,067
72.4%
15.7%
1.8%
-1.6%
26,158
0.59
31.4%
5.8%
1
30,005
0.12%
12.9%
1
$253,574,309
Kern FCU
35,514
0.63%
7
4
16,432
CA
Cabrillo Credit Union
11,580
9.5%
-1.6%
$274,266,830
CA
29,584
26.9%
15.9%
4
2
$300,857,686
Mocse CU
32,162
45.6%
6.6%
1
68,338
CA
CA
24,756
6
$303,201,513
Long Beach City EFCU
Burbank City FCU
10,618
0.78
-3.7%
3.4%
CA
0.12%
17.0%
6
PremierOne CU
0.34%
-1.8%
24,573
7.3%
9.0%
2.8%
8.1%
5.5%
53.8%
58.7%
7.9%
6
7.9%
0.44
0.65
7.0%
$396,093,527
Aerospace FCU
14.5%
0.54%
-0.06%
19.5%
4.6%
CA
35,674
16.9%
0.16%
0.22%
5.6%
5
Sacramento Credit Union
$370,232,403
75.9%
11.7%
10.4%
3.6%
4
9.0%
CA
14.5%
9.0%
6
Alliance CU
46.8%
2.7%
31,692
47,597
0.80
5
$415,202,760
$404,450,127
0.42%
11.9%
CA
CA
1.23%
2.2%
Financial Center CU
Safe 1 Credit Union
8.6%
1.0%
6
2.7%
5.3%
2.1%
1.9%
10
22.9%
15.8%
10.0%
20.1%
19.8%
75.3%
7.4%
9.5%
98.3%
0.38
5
7.8%
0.56
8.1%
17.8%
0.53%
0.3%
6.4%
18.9%
0.69%
Assets
1.32%
-0.8%
9.3%
0.97%
1st Mtgs.
11.1%
10.5%
7
31,392
13.3%
9.8%
Fixed Rate
14.1%
2
23,050
34,859
10.1%
0.4%
9.3%
7
38,233
8.2%
12.6%
42,283
35,661
4.0%
5.0%
3
71.4%
18.1%
55,442
CA
0.54
52.3%
8.7%
$578,568,194
CA
0.25%
0.81
Savings
92.9%
CA
Water and Power Community CU
0.38%
0.46%
ROA
0.62
First City Credit Union
9.9%
0.60%
Avg Loans
Loans/
0.18%
13
7
8.8%
Loans
Net
Chg-offs/
0.71%
52,539
71,880
5.2%
Assets
Delinq
Loans/
11.6%
$608,383,270
$600,744,745
17.7%
3.8%
Networth/
3.6%
CA
CA
11.7%
Member
1.4%
AltaOne FCU
Fresno County FCU
Loan
0.19%
0.11%
0.23%
0.05%
0.16%
0.60%
0.15%
0.54
1.03
0.66
0.89
0.34
1.12
0.38
0.79
64.5%
78.1%
69.9%
79.6%
36.5%
57.9%
17.6%
0.80%
0.85%
0.66
65.6%
0.27
30.5%
0.3%
12.1%
0.26%
0.03%
0.57
28.9%
-3.7%
13.5%
0.50%
0.35%
0.36
28.9%
4.2%
10.1%
0.45%
2.9%
11.9%
0.72%
8.0%
7.9%
0.92%
0.38%
0.72%
0.25
0.51
61.6%
66.6%
6.9%
17.3%
1.4%
22.9%
16.2%
16.3%
5.2%
4.1%
0.24%
0.24
71.3%
19.5%
0.19%
0.41
48.2%
19.6%
0.67%
-0.19%
0.38%
0.37%
0.51
58.4%
12.1%
0.78%
0.24%
1.44
76.7%
32.3%
6.8%
10.9%
0.81%
0.20%
2.06
85.3%
7.6%
4.6%
13.0%
0.22%
3.5%
21.5%
62.6%
40.3%
0.05%
21.6%
88.1%
0.40
0.02%
8.0%
29.0%
22.1%
0.33%
0.69
0.6%
68.7%
0.66%
0.37%
20.6%
14.3%
8.9%
1.05%
0.40%
1.61
0.91
74.2%
81.1%
15.4%
5.9%
1.1%
2
13.4%
2
11.0%
1
0.3%
63.2%
-1.8%
13.2%
0.42%
0.06%
-0.54
53.9%
28.3%
0
0.3%
-6.8%
-5.3%
17.3%
1.24%
0.41%
0.92
67.0%
32.3%
2
1
4
3.6%
6.4%
3.2%
6.5%
31
5.6%
25.6%
15.6%
1.5%
-1.3%
3.3%
4.9%
0.2%
4.8%
THIRD QUARTER 2015
7.9%
9.0%
18.1%
8.8%
0.52%
0.18%
0.00%
0.22%
0.73%
0.34%
0.00%
0.67%
0.23
0.74
1.33
0.18
46.4%
44.4%
78.2%
68.4%
18.6%
4.3%
5.6%
6.1%
Third Quarter 2015
Third Quarter 2015
Credit Union Name
State
Pasadena FCU
CA
Priority One CU
CAHP CU
CA
CA
Assets
$153,072,823
$148,312,635
Members Branches
24,271
3
12-Month
12-Month
12-Month
Growth
Growth
Growth
Asset
2.4%
10,867
1
0.1%
7,463
3
-1.3%
$143,681,545
14,956
$139,920,814
12,373
2
Loan
4.7%
3.3%
-1.3%
25.7%
1.19%
1.06%
-0.36
26.4%
33.5%
8.2%
5.8%
-1.2%
10.1%
0.07%
18.5%
-0.2%
9.1%
0.20%
9.2%
-8.0%
4.0%
25.1%
0.6%
4
2.1%
-9.2%
1
2.9%
12,453
2
4.7%
24.6%
CA
$135,643,698
14,563
3
11.1%
71.1%
CA
$130,160,463
6,098
1
2.4%
0.9%
Premier Community CU
Solano First FCU
CA
CA
$131,827,219
$129,904,504
CA
$125,560,520
Central Coast FCU
CA
$123,787,511
Chevron Valley Credit Union
Torrance Community FCU
Members 1st Credit Union
CA
CA
CA
$125,368,758
$119,627,417
$117,961,832
11,686
9,862
11,269
4
7,583
14,845
4
15,870
2
$114,934,868
11,191
Cooperative Center FCU
CA
$111,271,242
12,454
$113,278,300
3
1
CA
CA
3
5,450
13,756
Chaffey Federal Credit Union
Schools FCU
1
0.6%
2.7%
1.4%
4.1%
4.4%
0.6%
9.2%
8.4%
0.21%
0.09%
0.24%
0.29%
0.29%
0.26%
16.6%
0.36%
-0.06%
0.37
76.9%
-5.4%
40.0%
13.8%
0.00%
0.05%
0.46
22.3%
3.8%
2.6%
8.7%
0.80%
0.10%
0.35
41.7%
25.6%
11.3%
5.1%
-2.8%
1.1%
9.0%
11.2%
8.2%
0.46%
0.56%
0.33%
0.03%
1.25%
0.26%
2.9%
-5.4%
-5.6%
10.3%
0.83%
0.43%
0.34
68.7%
1.5%
14.7%
0.21%
3.5%
-4.4%
17.1%
0.08%
0.5%
8.2%
3.11%
0.37%
0.21
87.5%
12.9%
8.7%
0.49%
0.05%
0.23
53.9%
22.7%
16.3%
1
1.2%
11.9%
8.7%
-1.5%
3.2%
-8.6%
-2.3%
8.8%
6.7%
0.03%
0.00%
11.3%
0.00%
-0.01%
1.41
72.4%
14.7%
2.21%
0.46%
0.30
47.1%
4.1%
13.5%
1.7%
7.3%
-1.4%
9.2%
0.44%
0.26%
40.5%
2.6%
11.5%
0.17%
Shell Western States FCU
CA
$97,675,901
Reach CU
Merco CU
Clearpath FCU
CA
CA
CA
$97,339,710
$96,829,954
5.8%
3,678
1
4.4%
$88,232,412
10,593
5
5.8%
$89,968,319
CA
3
$91,478,891
CA
United Methodist FCU
10,164
2
-2.0%
4.5%
Kings FCU
CA
6,082
2
-1.6%
3
$93,205,086
Rancho FCU
3,788
2
12,393
CA
CA
4,439
$94,193,331
Ontario-Montclair Schl Employees FCU
San Diego Firefighters FCU
9,754
$87,517,994
7,538
8,370
5,167
1
1
3
6.9%
5.8%
0.3%
26.8%
3.6%
8.9%
33.8%
-1.7%
8.3%
5.6%
14.1%
5.8%
21.1%
7,374
2
0.7%
9.9%
5,058
1
CA
$83,790,076
5,601
First Imperial CU
CA
$83,700,705
Mission City FCU
CA
CA
$83,783,785
$82,509,577
1
17.9%
16,627
3
8.1%
4,369
1
CA
$80,425,839
9,368
1
JACOM Credit Union
CA
$77,791,476
9,612
2
PostCity Financial CU
CA
$73,676,889
7,584
3
SRI FCU
Thinkwise CU
CA
CA
$78,720,277
$75,891,750
Musicians' Interguild CU
CA
$72,529,551
Kaiperm Diablo FCU
CA
$70,238,703
La Loma Federal Credit Union
Chabot FCU
Polam FCU
CA
CA
CA
3,633
5,390
6,572
1
1
Lassen County FCU
CA
$64,447,607
4,967
47.1%
0.35
79.0%
1.45%
0.80%
1.36
37.9%
3.9%
7.2%
0.18%
0.03%
3
1
-0.3%
-13.5%
5.7%
12.3%
9.3%
15.5%
4.9%
28.6%
-0.8%
18.1%
2.1%
32
6.7%
-4.6%
THIRD QUARTER 2015
18.5%
9.6%
2.49%
1.04%
0.16
49.8%
0.33%
-1.7%
3.7%
0.59
1.18%
15.7%
0.33
0.23
0.23
48.4%
30.6%
39.5%
11.5%
13.9%
0.0%
23.3%
10.4%
11.8%
6.7%
5.0%
12.5%
8.0%
13.7%
19.8%
9.7%
20.4%
7.6%
0.0%
9.5%
10.6%
1.23
101.5%
1.2%
0.73
76.7%
-0.60
0.06%
0.36%
1.78
79.1%
0.00%
-0.01%
0.45
60.5%
0.76%
3.2%
32.2%
42.7%
0.36%
0.47%
29.6%
11.0%
9.0%
-0.7%
7.4%
14.0%
64.1%
40.2%
-3.6%
-0.2%
-5.8%
11.6%
-0.03
55.1%
4
0.3%
4.5%
19.2%
14.9%
50.7%
0.93
0.51%
16.5%
48.8%
-0.07%
0.48%
9.4%
0.39
0.00%
7.8%
0.00%
21.6%
16.6%
11.1%
1.84%
16.6%
54.6%
2.7%
0.00%
5.5%
12.8%
13.7%
0.02%
0.09%
2
5,481
0.02
1.64%
0.26
62.6%
12.8%
13.6%
5,354
$65,587,939
0.03%
6.2%
0.69
0.8%
-2.0%
5
CA
$65,872,315
0.24%
0.0%
0.49%
8.0%
1
6,621
United Health CU
CA
41.4%
12.8%
10.1%
2,042
0.12
-3.0%
1
$66,208,744
6,377
0.08%
0.42%
2.82%
CA
$66,161,125
2.22%
0.61%
14.2%
11.9%
Vision One CU
$66,038,633
-0.05
-0.01%
-2.3%
1
CA
0.00%
-0.8%
0.05%
36.3%
-5.6%
5,978
CA
-0.27
8.8%
-3.4%
2
$66,617,569
Pacific Transportation FCU
0.34%
0.82%
0.10%
-1.8%
CA
10.1%
0.07%
8.5%
Nikkei CU
4,888
3.3%
-6.5%
8.6%
-0.6%
11.3%
84.1%
77.7%
-1.3%
5
1.38
1.00
-11.5%
1
$66,590,909
3.4%
32.7%
34.8%
0.78%
0.19%
-1.1%
11,552
CA
0.8%
0.29
79.5%
1.19%
4.78%
6.4%
45.0%
10.6%
7.2%
3
0.86
8.8%
-0.4%
2.7%
62.5%
70.1%
1.3%
-1.7%
78.4%
1.01
2.67%
-5.8%
$67,206,394
Bopti FCU
4.1%
0.82
51.3%
0.28%
3.5%
-4.6%
0.29%
0.67
44.4%
0.40%
22.7%
29.1%
0.40%
0.70
9.7%
6.7%
5.3%
0.21%
1
2,143
5,720
0.13
1.71%
$69,383,442
$66,667,338
0.31%
1.12%
14.5%
CA
CA
-0.25
-3.7%
Bay Cities CU
Universal City Studios CU
0.27%
5.0%
2
3,158
13.2%
5.6%
-0.3%
-1.7%
0.83%
12.5%
13,133
$68,897,683
11.1%
-0.3%
2.4%
55.0%
1
$70,421,702
4,576
8.8%
1.3%
-1.4%
2.6%
0.20
0.22%
$84,937,461
Paradise Valley FCU
-0.01%
0.19%
0.06%
CA
0.00%
0.17%
1.7%
7.8%
13.8%
77.7%
10.3%
South Bay Credit Union
1.1%
7.3%
-0.06
59.8%
0.53
0.48%
0.22%
0.3%
0.82
96.3%
0.23%
0.29%
0.92%
20.1%
7.9%
0.43
34.6%
57.2%
8.2%
7.6%
-4.7%
0.62
0.25
-17.3%
5
1
7.8%
0.63%
4.2%
6.4%
10,677
8,615
2.1%
10.6%
0.77%
0.59%
$87,181,983
$85,888,086
4.5%
9.0%
0.14%
0.31%
17.5%
CA
CA
-1.5%
0.39%
0.51%
0.6%
Tulare County FCU
SMW 104 FCU
0.4%
25.2%
46.7%
2
$98,557,330
7.3%
12.0%
-0.39
17.6%
-5.4%
13.1%
51.0%
1.75%
-0.6%
1.1%
0.80
1.00%
2
$102,311,781
2.9%
-2.6%
11,726
CA
6.7%
78.5%
$105,495,979
CA
6.6%
0.34
-1.6%
East County Schools FCU
5.2%
0.16%
2
38.1%
0.0%
13.4%
0.03%
11,321
CA
0.30
60.5%
12.5%
11.1%
$107,577,284
Santa Cruz Community CU
0.35
63.7%
13.6%
-7.6%
6.0%
3
0.29
45.8%
27.7%
CA
11,104
0.12
9.5%
United Local CU
$107,016,273
10.9%
12.9%
1.9%
2.2%
CA
5.8%
30.9%
69.1%
0.53%
0
California Bear CU
0.0%
1.22
4
1
59.0%
46.3%
17.2%
12.0%
0.26%
2.03%
10,538
1,526
0.29
0.05
55.4%
Assets
0.49%
9.9%
$110,205,801
$107,589,868
0.12
88.4%
1st Mtgs.
9.5%
CA
CA
1.15
Fixed Rate
3.1%
Harbor FCU
53.7%
38.4%
$139,562,797
14,352
0.39
Savings
0.10
9.0%
2
0.13%
ROA
0.10%
CA
$139,341,542
1.11%
Avg Loans
Loans/
0.53%
Alta Vista CU
CA
9.1%
Loans
Net
Chg-offs/
10.7%
$143,529,535
Fiscal CU
Assets
Delinq
Loans/
-0.7%
CA
CA
-3.2%
Networth/
2.7%
Sea Air FCU
Camino FCU
Member
0.16
65.4%
56.2%
5.3%
29.4%
10.6%
6.5%
15.6%
4.3%
Third Quarter 2015
Third Quarter 2015
Credit Union Name
State
CalCom FCU
CA
Prospectors FCU
CA
Assets
$63,332,060
$63,086,672
Members Branches
5,050
-4.2%
2.8%
0.0%
6.4%
1.0%
-6.0%
1
1
North County CU
CA
$60,258,945
4,057
1
California Community CU
CA
$58,697,754
7,812
5
Huntington Beach City ECU
CA
CA
CA
$56,704,034
$53,212,346
$52,977,912
2,660
6,794
2,069
2,806
2.9%
7.9%
14.1%
-0.4%
4.7%
5.9%
CA
$47,564,648
5,661
2
Health Associates FCU
CA
$46,566,387
5,447
2
0.1%
Rolling F Credit Union
CA
$46,296,899
5,950
1
MWD FCU
CA
$45,243,157
2,830
Technicolor FCU
California Adventist FCU
Twentieth Century Fox FCU
Cal State LA FCU
Inland Valley FCU
Dow Great Western CU
CA
CA
CA
CA
CA
CA
CA
CA
3,108
0
$47,321,581
$46,304,826
$45,929,848
$45,159,489
$42,718,389
$42,659,053
$41,420,232
$40,812,822
4,476
3,509
3,679
4,226
3,148
4,589
3,350
2
1
1
1
0.4%
CA
$38,962,554
2,640
2
Santa Barbara County FCU
Capstone FCU
Olive View EFCU
CA
CA
CA
$39,623,593
$38,689,154
$38,153,313
4,882
5,073
United Financial CU
CA
$36,993,062
2,500
Bourns EFCU
CA
$36,653,231
2,685
Kaiperm North Bay FCU
CA
$36,604,849
4,278
1st Valley CU
allUS CU
Western Healthcare FCU
CA
CA
CA
$36,730,838
$36,627,691
$36,518,984
3,456
3,625
3,594
1
1
1
1
1
1
Ocean Crest FCU
CA
$35,635,318
4,109
Fresno Fire Dept CU
CA
$34,713,368
2,159
1
SLO Credit Union
CA
$33,656,796
1,873
My CU
CA
$32,680,325
3,163
Diablo Valley FCU
Delta Schools FCU
San Mateo City EFCU
CA
CA
CA
$35,009,381
$33,996,478
$32,748,672
2,651
3,180
1,035
Matson EFCU
CA
$32,379,068
1,315
United Catholics FCU
CA
$30,762,649
3,698
Modestos First FCU
CA
$30,370,116
2,500
Media City Community CU
UPS EFCU
CA
CA
$32,180,224
$30,702,738
2,714
5,748
1
0.23%
0.36
41.9%
12.5%
3.65%
0.22%
-0.06
13.7%
0.0%
0.08%
-0.11
59.4%
0.4%
10.7%
12.3%
0.13%
0.25%
0.31
-0.03
18.5%
41.8%
1.5%
5.2%
-17.8%
6.7%
0.4%
10.3%
0.74%
0.15%
1.25
77.3%
22.6%
-4.4%
10.5%
0.02%
0.05%
0.57
56.3%
22.6%
1.2%
13.4%
2.8%
-4.9%
36.3%
-6.0%
0.0%
-5.8%
-2.2%
8.8%
7.5%
0.59%
0.41%
-0.5%
2.2%
8.8%
0.40%
0.30%
0.69%
0.13%
0.41%
0.24
0.47
29.3%
47.5%
3.9%
0.2%
7.9%
0.02%
0.02%
-0.01
86.0%
8.7%
0.07%
0.09%
-0.19
31.0%
13.8%
0.29
41.9%
4.8%
8.4%
9.9%
8.9%
0.21%
0.00%
0.23%
0.27%
0.10%
-0.08%
0.29%
0.40%
-0.06
0.13
0.19
82.4%
25.9%
14.1%
0.0%
3.0%
35.4%
11.9%
68.0%
40.1%
69.3%
34.5%
72.7%
10.4%
0.26%
0.27%
1.31
51.4%
7.9%
75.8%
-0.9%
10.9%
1.58%
0.28%
0.09
59.4%
-2.8%
15.3%
0.84%
0.60%
9.1%
0.10%
0.28%
0.31
71.8%
11.2%
8.0%
0.12%
0.13%
0.38
70.9%
23.9%
0.11%
0.23%
0.21
41.8%
5.8%
0.1%
2.9%
6.9%
-3.8%
2.2%
-3.7%
1.6%
2.6%
12.0%
-1.0%
2.0%
-3.2%
8.5%
2.8%
12.7%
4.5%
-5.1%
-2.9%
16.2%
16.0%
10.3%
8.3%
2.46%
0.01%
0.15%
2.66%
0.00%
0.08%
0.49%
1.83
0.04
0.24
0.04
32.9%
0.0%
3.0%
0.06%
-0.04%
-0.16
66.7%
25.1%
1
0.4%
0.12%
0.58
50.2%
4.4%
0.11%
0.23
41.7%
0
23.5%
1.8%
12.6%
-0.4%
2.3%
-13.2%
-5.4%
12.7%
1.32%
0.12%
0.21
35.3%
2
-1.1%
-8.0%
-8.2%
7.9%
0.39%
0.62%
-0.02
38.2%
1
-0.4%
0.40%
0.16%
-0.03
58.9%
11.8%
2
3.3%
0.19%
0.02%
1.07
89.3%
2.5%
2
1
Desert Valleys FCU
CA
$27,142,985
3,695
1
-4.9%
-2.2%
7.4%
12.7%
1.62%
3.8%
-0.5%
9.9%
0.19%
-0.6%
-2.6%
8.6%
0.43%
-4.1%
5.0%
2.3%
3.9%
-3.4%
0.4%
6.5%
13.6%
8.4%
14.0%
8.1%
1.29%
-0.17%
0.52%
0.17%
0.29%
2.23%
0.04%
4.5%
12.9%
-0.9%
8.1%
0.13%
6.4%
7.0%
-15.2%
6.1%
0.43%
33
-0.8%
5.7%
-8.8%
13.0%
THIRD QUARTER 2015
8.5%
10.2%
0.14%
0.00%
1.16%
0.50%
0.25%
0.66%
0.16
0.30
0.26
0.45
0.19
0.03
0.35
0.15
12.5%
0.9%
-0.2%
1
-15.9%
0.53
23.0%
14.0%
-4.8%
0.34%
0.55
3.5%
3.1%
0.82%
0.38%
-1.8%
1
22.2%
0.57%
1.9%
-1.2%
1
-1.0%
12.4%
31.9%
6.6%
8.5%
-0.8%
9.7%
0.02
43.0%
0.0%
-3.7%
2.2%
-0.1%
0.30%
0.97
9.7%
6.1%
0.3%
0.92%
0.41%
-5.9%
1
3,650
0.17%
1.3%
1
4,759
$25,961,543
20.7%
38.5%
0.0%
$27,760,818
CA
86.3%
0.98
11.4%
CA
Hanin FCU
0.63
0.34%
0.28
McKesson EFCU
2,306
0.09%
0.07%
3
$27,528,465
0.27%
2.4%
0.00%
4,798
CA
15.0%
16.2%
$28,367,174
Sierra Point CU
61.7%
-11.4%
CA
4,441
0.17
-2.7%
California Agribusiness CU
$27,810,401
0.24%
-2.7%
0
1
CA
0.95%
1
2,432
Auto Club FCU
20.0%
79.3%
13.4%
$29,739,182
2,085
44.0%
0.04
-4.4%
CA
$28,553,466
0.07
0.62%
-3.2%
Greater Valley Credit Union
CA
0.03%
21.9%
1.7%
1
Sequoia FCU
0.06%
1.5%
2,486
2,327
0.0%
-1.8%
2
$30,352,460
$29,969,607
17.7%
13.6%
10.0%
CA
CA
68.5%
26.1%
6.4%
1
Bakersfield City EFCU
Utility District CU
0.31
0.17
20.6%
-0.4%
1
Escondido FCU
4.21%
0.00%
2.3%
2.8%
7.4%
1
0.55%
0.00%
1.4%
16.9%
1.7%
1
3,415
0.0%
44.3%
35.4%
-23.5%
2,769
$39,823,249
67.8%
0.35
0.50
-13.6%
-0.4%
CA
0.88
0.03%
0.32%
6.4%
1
Parishioners FCU
-1.5%
32.8%
1.12%
-11.1%
10.4%
12.5%
12.4%
1.1%
1
3
67.6%
4.7%
-0.1%
2,539
9.0%
0.0%
0.04%
0.54%
0.52%
7.7%
19.6%
0.01%
12.0%
9.2%
8.7%
19.4%
12.0%
-6.6%
18.7%
0.22
52.4%
52.4%
Assets
42.9%
0.58%
10.6%
5.0%
4.4%
0.27%
0.32
1st Mtgs.
0.40
10.2%
-1.6%
10.2%
7.4%
0.27%
Fixed Rate
0.56%
2.2%
-0.4%
2
11.0%
10.1%
0.9%
5.0%
0.30%
-2.3%
-3.2%
-1.2%
22.1%
12.3%
10.2%
0.0%
-17.5%
1.7%
0.36%
-2.5%
-7.7%
1.7%
2,205
4,567
-6.6%
9.7%
11.5%
-12.8%
3.3%
1
7.8%
8.1%
1.1%
3.6%
1
1
$40,721,792
$40,572,223
4.6%
-3.3%
CA
CA
4.5%
3
Silverado Credit Union
55.8%
-3.7%
$47,908,968
4
0.64
0.31
-7.1%
2
0.24%
-0.03%
1.1%
Mokelumne FCU
CA
19,531
0.01%
73.9%
0.26%
-5.6%
$51,765,394
0.59
35.4%
-13.2%
$49,168,550
0.50%
0.44
0.3%
CA
1.13%
51.2%
0.73%
-1.7%
1.2%
0.54
Savings
0.34%
10.0%
0.3%
0.08%
ROA
9.3%
1
1
-1.5%
12.8%
0.11%
Avg Loans
Loans/
-5.3%
21.1%
4.7%
12.1%
Loans
Net
Chg-offs/
0.36%
-7.6%
2
6.5%
Assets
Delinq
Loans/
15.2%
1
Valley Oak CU
Fresno Police Department CU
8.7%
Networth/
9.5%
-1.2%
$52,371,267
6,849
14.8%
0.4%
2
CA
CA
7,345
0.2%
County Schools FCU
Union Yes FCU
0.2%
-2.8%
4,307
Polam FCU
25.3%
-0.5%
$61,285,088
Siskiyou Central CU
4.4%
1
CA
$59,706,538
Growth
6,200
Marin County FCU
CA
Growth
41.5%
4,850
Menlo Survey FCU
Growth
Member
0.0%
$62,422,940
$62,287,010
12-Month
Loan
4
CA
CA
12-Month
Asset
8,210
Glendale FCU
Santa Ana FCU
2
12-Month
72.6%
27.8%
62.4%
34.0%
39.0%
59.4%
76.3%
61.9%
1.3%
21.8%
15.9%
0.0%
13.6%
11.8%
4.2%
12.0%
12.6%
4.3%
18.9%
0.0%
Third Quarter 2015
Third Quarter 2015
Credit Union Name
State
ILWU - FSC FCU
CA
Golden Valley FCU
Mattel FCU
Cedars-Sinai FCU
El Monte Community CU
RAFE FCU
Allied CU
Assets
CA
$25,688,613
CA
$24,736,658
CA
CA
CA
CA
CA
$25,338,036
$24,698,928
$24,329,529
$23,420,647
$23,341,228
$23,337,415
Members Branches
0
4.4%
4.4%
-2.8%
2.5%
-10.9%
-5.4%
12.4%
0.57%
1
-2.6%
0.5%
-8.1%
9.2%
0.00%
1
14.1%
1
-1.5%
4,224
3,352
4,277
2,173
2,188
$22,552,168
1,830
5,009
1,623
Mid Cities CU
CA
$22,147,206
4,451
Sun-Pacific FCU
CA
$21,918,672
2,075
Hamilton FCU
Organized Labor Credit Union
CA
CA
$22,117,352
$21,751,224
1,665
3,661
Beverly Hills City EFCU
CA
$20,317,061
1,744
Harbor Area Postal EFCU
CA
$20,138,057
2,084
FedONE FCU
San Gabriel Valley Postal CU
CA
CA
$20,263,647
$20,044,068
2,335
1
2
1
2
2
1
1
1
CA
$18,999,870
2,131
1
CA
$18,486,419
1,887
1
Moore West FCU
CA
$17,933,224
1,391
IBEW Members CU
CA
$18,822,351
$18,213,460
2,734
1,534
4.2%
$15,664,122
1,245
2
-1.3%
1
19.7%
5.8%
Airco FCU
CA
$15,623,839
$15,508,738
$15,191,462
3,163
843
1,190
-9.6%
1
1
7.1%
5.0%
11.8%
0.77%
-0.6%
13.3%
4.85%
-5.9%
-0.9%
12.1%
7.9%
7.1%
8.2%
0.19%
-0.07%
7.7%
-1.4%
25.8%
0.02%
0.00%
4.4%
-1.5%
6.7%
-0.3%
0.0%
6.9%
-11.1%
-6.9%
39.3%
4.9%
-2.5%
2.5%
10.5%
3.4%
CA
CA
$12,310,471
$12,189,603
$11,619,980
1,405
3
20.1%
29.7%
1
1.5%
4.8%
1,658
1,365
980
1
1
Inland FCU
CA
$10,618,225
1,366
1
C & H Sugar EFCU
CA
$10,193,963
1,020
1
Union Pacific California EFCU
CA
$8,722,609
1,934
3
$8,474,380
890
1
PVHMC FCU
Deluxe FCU
Espeeco FCU
Victor Valley FCU
Atchison Village CU
CA
CA
CA
CA
CA
CRC Federal Credit Union
CA
Barstow Community CU
CA
Family FCU
Columbus Club FCU
Sony San Diego EFCU
LA Mission FCU
CA
CA
CA
CA
CA
$10,313,551
$9,110,722
$8,626,455
$8,230,964
3,468
729
1,294
1,328
0
-1.2%
3.9%
-1.7%
26.7%
3.4%
0
-10.0%
19.7%
$7,691,291
1,571
0
-7.4%
0.7%
$6,905,462
767
1
1,550
1
$7,301,468
$6,894,191
$6,882,998
600
709
0
1
1
5.5%
-2.0%
11.8%
0.0%
54.6%
0.0%
8.8%
0.83%
0.61
34.1%
1.37%
-0.90
0.38%
4.94%
-3.82
47.7%
0.0%
0.26%
0.13%
0.85
84.4%
0.0%
0.14%
4.09%
0.41%
0.10
0.39
52.0%
54.4%
0.0%
0.0%
0.0%
55.4%
23.0%
0.25%
0.00%
0.90
57.6%
0.0%
7.4%
1.16%
2.73%
-1.07
49.5%
3.9%
18.7%
2.16%
-0.05%
-0.92
3.8%
13.0%
5.39%
1.33%
-0.77
0.27%
0.04
22.5%
9.8%
8.4%
1.07%
0.20%
0.00%
0.98%
1.94%
0.70%
0.33%
1.31%
0.57%
0.57%
3.4%
17.2%
1.39%
0.04%
-2.2%
13.3%
0.17%
-0.02%
0.04%
0.30%
-3.5%
1.8%
-1.3%
-8.0%
10.6%
14.0%
-1.0%
-1.9%
THIRD QUARTER 2015
10.9%
0.57%
14.2%
4.64%
22.1%
0.87%
9.4%
10.4%
1.17%
0.00%
0.09%
1.33%
0.15
0.49
-1.39
28.2%
6.1%
0.64
8.1%
1.10%
0.05%
54.6%
0.0%
0.00%
-13.4%
34
72.2%
0.75
0.00%
-6.9%
-4.1%
-0.8%
9.1%
1.6%
1.5%
-9.1%
0.82
2.8%
-0.35
-6.0%
1.3%
0.0%
28.4%
0.45%
-6.1%
0.7%
6.2%
14.7%
-4.7%
5.4%
-5.9%
12.2%
-4.0%
-4.1%
1
1,981
1,572
12.3%
-3.6%
28.4%
$8,154,876
$7,778,354
-2.9%
-2.4%
16.6%
1
0.97%
-6.8%
1
29.8%
33.8%
1.2%
Watsonville Hospital FCU
CA
$12,563,292
0.29
-0.46
0.0%
0.21
-0.2%
Federal Empl West FCU
CA
6.1%
0.46%
-9.9%
36.5%
1.12%
17.4%
0.7%
0.92
13.9%
-3.1%
5.7%
1.8%
84.2%
45.9%
-2.2%
8.2%
1
35.6%
0.02
1.2%
1
0.09
0.08%
-14.4%
2,490
6.8%
0.0%
0.21%
1.6%
2,584
35.5%
10.5%
11.9%
1
$12,996,624
0.15%
23.7%
14.9%
0.0%
1,970
$12,868,248
1.16%
67.6%
4.4%
18.3%
$13,298,154
CA
54.5%
0.41
0.88%
0.0%
-1.1%
6.6%
0.13%
CA
CA
0.07%
3.3%
0.18%
Fontana FCU
-4.4%
1.82%
0.0%
20.7%
9.2%
53.8%
Cal Poly FCU
0.01
12.9%
9.1%
-0.04
0.00%
-5.3%
-7.6%
-0.17
-0.14
-12.2%
-5.4%
-0.35
0.18%
-0.12%
-0.9%
Corrections FCU
-2.75%
0.00%
-0.5%
0.8%
0.18%
0.52%
0.03%
3.2%
0.0%
0.12%
2.24%
18.2%
2.0%
16.5%
17.1%
-2.2%
34.0%
48.8%
-9.1%
9.7%
0.00%
3.2%
-0.03
34.8%
1
1
1.51%
9.7%
0.01%
-2.05
3,039
708
0.06%
54.4%
0.12%
$13,643,211
$13,326,905
32.6%
1.15
0.42%
7.5%
CA
CA
-0.83
6.0%
Star Harbor FCU
High Sierra CU
0.47%
1.39%
9.2%
2.8%
32.3%
-3.9%
2
1
-0.01
28.4%
0.14%
32.8%
3.2%
0.16
53.0%
46.2%
28.9%
2.5%
0.0%
-0.49
-0.50
0.00%
25.3%
17.7%
38.9%
0.24%
0.66%
6.4%
84.2%
0.17%
14.4%
-22.8%
0.65
-0.33
79.2%
2,679
1,366
0.80%
-15.3%
2.6%
2.8%
-0.13
$14,896,694
$14,087,073
0.26%
1.0%
-3.0%
86.0%
-0.05%
CA
CA
0.48%
8.2%
4.8%
1.17
0.00%
LA Healthcare FCU
Fairview EFCU
1.15%
2.6%
26.2%
8.6%
2.5%
CA
CA
13.8%
16.2%
1.33%
11.2%
2
-0.6%
McClatchy ECU
CA
-15.4%
7.1%
-0.7%
-0.1%
35.2%
Coast-Tel FCU
99.0%
0.0%
49.7%
39.1%
-1.1%
1
Fresno Grangers FCU
0.26
0.30
0.71
-9.0%
2
1.19%
0.13%
0.75%
5.2%
0.5%
1,304
1,816
1.06%
1.57%
-5.9%
$16,446,507
$15,862,761
29.2%
53.5%
-16.0%
CA
CA
-0.35
-1.17
-2.2%
El Cajon Federal Credit Union
So-Val TEL FCU
0.71%
1.49%
-2.2%
1
2,873
3.85%
0.84%
-7.7%
2,781
$17,108,868
6.9%
81.7%
2.92%
1
$16,456,544
CA
7.7%
2.56%
0.77%
13.7%
CA
CBS EFCU
23.7%
6.76%
21.7%
21.5%
American FCU
0.18
3.08
16.5%
0.5%
-10.5%
3.5%
1
0.95%
15.4%
0.69
0.00%
5.4%
1,304
10.8%
0.33%
0.09%
8.3%
1
$17,635,328
42.7%
0.11%
-1.3%
CA
0.50
7.5%
1
Pacific FCU
0.28%
0.71%
8.6%
0.1%
0.2%
0.70%
5.2%
-0.6%
5.2%
9.1%
-0.5%
3.4%
30.5%
Assets
16.7%
0.69%
8.0%
-0.29
31.3%
1st Mtgs.
55.1%
16.1%
0.6%
0.15%
0.37
Savings
-0.03
-5.7%
-0.5%
-0.39%
ROA
Fixed Rate
1.00%
17.0%
1.3%
Avg Loans
Loans/
3.67%
-6.3%
-15.6%
Net
Chg-offs/
9.2%
-12.5%
2
1
5.8%
0.63%
-13.1%
-1.1%
1,878
13.5%
0.39%
-5.2%
0
1
3.6%
-9.7%
-1.3%
3,575
10.9%
0.1%
23.4%
10.2%
-1.8%
14.1%
0.9%
Ontario Public EFCU
CA
-2.6%
3.0%
25.4%
1
2
2,492
Financial Benefits CU
5.9%
3.1%
-8.1%
$19,774,594
$19,670,498
2.9%
17.0%
10.9%
CA
CA
7.2%
6.0%
2
Eagle CU
SF Bay Area Educators CU
7.6%
-2.2%
Loans
-5.6%
1
1.3%
Assets
24.1%
CA
$22,433,708
Growth
Delinq
Loans/
-12.7%
Sonoma FCU
CA
Growth
Networth/
1
1,621
Culver City EFCU
Growth
Member
2,753
2,827
$23,233,019
$22,988,339
12-Month
Loan
1
CA
CA
12-Month
Asset
2,939
Antioch Community FCU
Printing Industries CU
12-Month
44.2%
71.3%
37.1%
0.03
68.2%
-0.24
31.3%
66.8%
49.8%
0.0%
0.0%
24.9%
0.0%
11.6%
14.9%
0.0%
0.0%
0.0%
1.21
87.7%
0.0%
-0.08
51.4%
0.0%
-0.41
-0.35
0.13
-0.90
75.7%
9.0%
5.4%
0.0%
71.3%
35.5%
16.1%
0.0%
117.3%
0.0%
Third Quarter 2015
Third Quarter 2015
Credit Union Name
State
Denocos FCU
CA
Bakery Employees CU
Colton FCU
Assets
CA
$6,869,638
CA
$6,357,757
$6,388,318
Members Branches
-0.5%
1
5.3%
Sunkist EFCU
CA
$5,437,386
805
Union Oil Santa Fe Springs EFCU
CA
Limoneira FCU
CA
Episcopal Community FCU
Pomona Postal FCU
CA
CA
$5,255,195
$4,873,907
$4,782,730
$4,713,434
$4,622,407
Growth
1
1
CA
Growth
1
1,306
San Francisco Mncpl Railway EFCU
Growth
1,111
621
$6,022,295
$5,448,468
12-Month
1
CA
CA
12-Month
Asset
1,292
United Association CU
Stockton Community FCU
12-Month
662
759
331
1,538
625
794
-2.3%
1.1%
Loan
-12.3%
-1.3%
7.1%
0.2%
21.0%
1
-2.8%
-20.0%
1
-9.9%
-32.0%
-5.5%
-5.5%
1
-8.6%
0
-4.2%
1
0
-3.0%
9.5%
-4.3%
3.7%
-0.3%
-0.02
32.0%
-3.7%
4.0%
-5.1%
0.7%
-1.1%
$3,516,934
519
1
874
1
0.0%
0.00%
-10.0%
$3,501,921
89.3%
1.96%
-5.4%
CA
-0.59
10.5%
1
CA
0.0%
-2.7%
492
Monrovia City EFCU
34.2%
-6.9%
$3,695,763
Santa Maria Associated EFCU
-0.44
24.3%
2.7%
1.8%
5.5%
-2.1%
9.3%
13.9%
3.06%
1.30%
2.02%
0.33%
0.62%
3.09%
0.13%
0.42%
25.8%
0.46%
0.00%
8.5%
2.33%
-0.22%
0.04%
0.77%
6.9%
12.1%
0.82%
-2.21
85.2%
33.8%
0.0%
0.0%
0.0%
0.0%
1.96
63.8%
0.0%
0.03
30.9%
0.0%
-0.08
54.6%
0.0%
1.72%
-0.83
0.51%
-0.13
-1.56%
-0.32
40.1%
32.5%
0.0%
$3,120,526
452
1
-7.3%
-23.2%
-4.4%
ATD FCU
CA
$2,725,732
881
1
-82.3%
-36.9%
-7.1%
99.7%
1.39%
-0.28%
-2.50
14832.3%
0.0%
1
-1.3%
3.8%
-0.8%
18.5%
2.75%
-0.05%
-0.45
51.7%
0.0%
0.00%
-4.12%
1.03
38.6%
0.0%
17.6% 13.19%
0.00%
-1.39
11.0%
0.0%
USB EFCU
Fountain Valley CU
Merced Municipal ECU
CA
CA
CA
Daijo FCU
CA
Northern California Latvian CU
CA
Mojave Plant EFCU
$3,045,621
$2,260,579
$2,109,308
$2,088,608
$2,051,439
429
322
242
392
238
2
4.2%
1
-2.2%
1
1.7%
7.9%
-5.6%
6.4%
7.8%
-3.0%
1.0%
1
-10.3%
-12.9%
-19.3%
1
-2.9%
17.1%
-6.7%
448
1
-10.0%
-16.8%
-6.3%
10.9%
0.00%
-0.07%
-0.88
54.3%
0.0%
SFV Japanese CU
CA
260
0
-6.9%
-13.7%
-6.1%
25.6%
0.00%
0.00%
-0.40
80.8%
0.0%
4.5%
-4.9%
-2.4%
33.9%
0.74%
0.00%
0.80
49.5%
0.0%
Maryknoll of Los Angeles FCU
CA
$954,750
$938,839
160
0
CA
$714,644
360
1
SOCAL FCU
CA
$593,539
136
1
Compton Municipal EFCU
Los Angeles Lee FCU
CA
CA
$704,403
$586,609
382
92
2.7%
-1.0%
1
-23.9%
2
2.2%
-14.6%
CA
$458,840
285
1
-14.7%
Delancey Street FCU
CA
$339,754
343
1
-7.2%
Bethel AME SF FCU
Calvary Baptist of Pacoima 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
$428,776
$231,054
$130,225
321
154
280
1
6.5%
-9.0%
-25.1%
11.4%
-7.1%
-100.0%
-2.0%
38.3%
0.00%
0.00%
-0.07
0.9%
0.0%
-8.7%
-7.9%
-1.86%
0.69
31.6%
0.0%
2.7%
1
25.6%
45.7%
-1.6%
3.4%
6.7%
-0.3%
-2.9%
-5.6%
30
69
50
49
100
1,737
3,163
5,849
13,756
56,392
1
2.0%
1
2
2
8
2.5%
2.3%
3.2%
7.5%
0.7%
0.2%
2.2%
-3.4%
35
7.2%
0.00%
0.5%
13.7%
10.2%
-0.5%
12.5%
3.5%
0.2%
THIRD QUARTER 2015
9.53%
10.5%
-1.2%
-2.3%
0.00%
11.5% 10.08%
10.9%
6.6%
5.8%
29.8%
-2.2%
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.
-0.06
35.4%
-23.2%
-0.5%
0.00%
0.0%
10.4%
0.00%
9.4%
10.2%
10.3%
10.4%
0.6%
1.0%
0.2%
0.5%
0.4%
0.5%
0.4%
0.00%
-4.26%
-0.30
-0.84
-3.38
0.0%
0.0%
18.7%
22.0%
0.00%
56.4%
-1.79
12.0%
1
-8.65
0.0%
0.00%
1
1
7.93%
38.2%
0.0%
0.49%
2
371
-0.01
58.8%
22.0%
0.9%
124
1,111
4.7% 15.78%
0.00%
0.36
-8.9%
5,601
36
1.42%
0.00%
73.4%
$93,599
19
10.5%
0.00%
22.9% .
$67,206,394
Number of Insts.
28.1%
0.0%
-5.6%
-31.8%
-9.9%
-1.8%
-40.3%
-9.8%
1
1.0%
40.7%
0.0%
$985,398
1
0.15
68.0%
0.0%
CA
201
-0.73%
0.00
23.9%
Faith Based FCU
$979,456
5.97%
0.00%
-0.31
0.0%
1
CA
10.6%
0.59%
0.00%
0.0%
275
Canoga Postal FCU
-0.4%
10.5%
13.6%
6.47%
61.2%
$1,951,272
182
2.8%
27.5%
0.25
CA
$1,631,257
1.6%
12.7%
25.4%
0.0%
CA
CA
0.59%
0.53
0.0%
South San Francisco City EFCU
Valley Hills FCU
16.9%
0.07%
0.0%
8.1%
0.0%
-1.45
-4.2%
3.37%
0.0%
5.1%
1.27%
12.2%
36.7%
46.1%
0.60%
17.6%
0
-0.60
18.1%
0.8%
556
18.5%
-25.0%
1
$3,746,003
-1.56
19.7%
-7.6%
2,558
CA
0.00%
0.01%
$3,895,009
CA
0.00%
-0.07
16.9%
CA
Cherry EFCU
0.0%
-0.03%
32.9%
-3.8%
Chula Vista City EFCU
38.4%
0.63
2.17%
-23.3%
2.6%
-0.48
0.19%
0.19%
-3.1%
1
-0.01%
11.2%
8.0%
0.0%
0.14%
-9.7%
4.1%
0.0%
0.0%
-10.3%
-0.4%
Assets
26.6%
-0.90
7.4%
23.2%
1st Mtgs.
-0.12
0.96%
10.4%
28.9%
Fixed Rate
0.33%
0.00%
1
655
0.43%
10.9%
0.00%
0.01
14.9%
525
$4,054,864
15.1%
13.5%
3.45%
Savings
-22.4%
$4,109,700
CA
4.22%
0.17
Loans/
-0.2%
CA
City of Ukiah ECU
10.0%
0.91%
ROA
-8.3%
-3.1%
United America West FCU
-6.0%
0.42%
Avg Loans
2.27%
1
1
Loans
Net
Chg-offs/
19.2%
1,061
605
8.1%
Delinq
Loans/
-4.2%
$4,471,102
$4,195,383
Assets
-3.9%
CA
CA
Networth/
-5.9%
Printing Office ECU
4.7%
6.1%
Member
33.3%
9.9%
26.7%
0.0%
0.0%
0.0%
0.0%
0.00%
1.05
31.3%
0.0%
0.2%
0.39
55.9%
9.6%
0.0%
-0.3
0.3%
-0.1
0.3%
0.2
0.1%
0.3%
0.3%
0.2%
0.1
0.3
0.4
0.77
36.2%
38.4%
46.8%
46.2%
54.3%
59.8%
71.1%
0.0%
0.0%
0.0%
5.2%
11.2%
12.9%
16.0%

California Credit Union Profile

Transcription

Similar documents

California Credit Union Profile - California and Nevada Credit Union

2015-12-31 - Credit Union Index