2 YEAR REPORT

Langley

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Welcome to Search & Analyze!


Welcome to Search & Analyze on CreditUnions.com.

This is a paid feature on CreditUnions.com designed to help credit unions find other executives, build peer groups, and perform simple financial analysis. Want to gain access to these features? Click below to find the subscription option that works best for you.

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Welcome to Search & Analyze!


Welcome to Search & Analyze on CreditUnions.com.

This is a paid feature on CreditUnions.com designed to help suppliers better research and target credit unions across the United States. Subscribers can build lists, research credit union contact and vendor names, and much more! Click below to find the subscription option that works best for you.

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Welcome to Search & Analyze!


Welcome to Search & Analyze on CreditUnions.com.

This is a paid feature on CreditUnions.com designed to help credit unions find other executives, build peer groups, and perform simple financial analysis. Want to gain access to these features? Click below to find the subscription option that works best for you.

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  202006 202106 %Chg
INCOME:      
Loans $54,122,056 $56,650,524 4.67%
(Less Rebates) ($531,646) ($538,831) -1.35%
Investments $4,554,973 $2,679,593 -41.17%
Fee Income $8,994,142 $9,992,575 11.10%
Trading + Other Operating $11,813,107 $18,052,150 52.81%
Total Income $78,952,632 $86,836,011 9.98%
       
EXPENSES:
Employee Compensation & Benefits $22,639,808 $24,459,359 8.04%
Travel & Conference $256,711 $175,359 -31.69%
Office Occupancy $3,250,231 $3,312,494 1.92%
Office Operations $3,877,442 $4,129,905 6.51%
Education & Promotional $2,776,602 $3,598,460 29.60%
Loan Servicing $4,341,462 $5,250,063 20.93%
Professional Services $7,723,136 $9,980,437 29.23%
Member Insurance $74,300 $72,500 -2.42%
Operating Fees $278,067 $245,150 -11.84%
Miscellaneous $1,742,567 $1,432,475 -17.80%
Operating Expense Subtotal $46,960,326 $52,656,202 12.13%
       
Provision for Loan Losses $6,593,254 $2,995,923 -54.56%
Operating Exp. + Provision for Loan Losses $53,553,580 $55,652,125 3.92%
       
Non-Operating Gain (Loss) ($283,237) $2,826,325 1097.87%
Income before Dividends $25,115,815 $34,010,211 35.41%
Interest on Borrowed Funds $2,879,308 $1,655,495 -42.50%
Dividends $13,548,888 $8,666,594 -36.03%
Net Income Prior to Assessments $8,687,619 $23,688,122 172.67%
Net NCUSIF & TCCUSIF Expenses $0 $0 62.13%
Net Income $8,687,619 $23,688,122 172.67%
       
SELECTED OPERATING DATA:      
Branches 20 20 0.00%
Members 274,523 297,228 8.27%
Potential Members 1,600,000 1,600,000 0.00%
Employees 567.0 585.0 3.17%
Members/Employee 484 508 4.94%
Average Salary & Benefits/Employee $79,858 $83,622 4.71%
Total YTD Loan Originations $615,508,971 $743,028,392 20.72%
       
KEY RATIOS:
Operating Exp/Income 59.48% 60.64% 1.95%
Dividends/Income 17.16% 9.98% -41.84%
Net Income/Income 11.00% 27.28% 147.91%
Fee+Other Income/Income 25.73% 32.30% 25.53%
Return on Average Assets 0.53% 1.25% 136.36%
Loans/Assets 73.18% 70.58% -3.56%
Net Worth/Assets 9.80% 9.53% -2.77%
Delinquency 0.33% 0.30% -7.06%
% Invest Over 1 yr 44.85% 39.31% -12.34%
Mortgage-Backed Securities/Total Investments 28.69% 22.65% -21.07%
Yield on Investments 1.39% 0.56% -55.49%
Yield on Loans (including Loans Held-for-Sale) 4.41% 4.14% -5.97%
Average Cost of Funds 1.13% 0.61% -45.88%
Gross Spread 2.81% 2.72% -3.19%
Average Loan Balance $15,759 $16,056 1.88%
Average Share Balance $10,221 $10,925 6.88%
Assets/Employee $6,073,805 $6,706,254 10.41%
Avail for Sale/Total Investments 0.00% 0.00%