2 YEAR REPORT

Service

BACK TO SEARCH
  Select Cycle:

LOG-IN

The page you are trying to access requires users to be logged in. Please log in now or register for an account to continue.

Log In


Log In

Need to register?


Register



Not sure if you have an account?

Please enter your email and click the Check Registration button.

Back to CreditUnions.com

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.

View Options

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.

View Options

Are you a credit union employee and seeing this in error? Please contact us here.

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.

View Options

     

  Mar 2018 Mar 2019 %Chg
ASSETS  
Cash & Cash Equivalents $339,004,872 $359,681,544 6.10%
Government Securities $103,609,429 $70,545,325 -31.91%
Corporate CU $2,431,899 $2,431,899 0.00%
Deposit in Banks and S&L's $805,000 $150,000 -81.37%
Mutual Funds $0 $0
All Other Investments $10,836,700 $10,720,501 -1.07%
Total Investments $456,687,900 $443,529,269 -2.88%
       
Real Estate Loans $935,404,839 $1,043,857,961 11.59%
Auto Loans $1,564,108,496 $1,671,294,552 6.85%
All Other Loans $267,767,174 $282,125,124 5.36%
Total Loans $2,767,280,509 $2,997,277,637 8.31%
       
(Loan Loss Allow) ($9,827,982) ($9,782,155) -0.47%
       
Foreclosed & Repossessed Property $656,226 $641,795 -2.20%
Land & Buildings $69,227,460 $67,876,440 -1.95%
Other Fixed Assets $13,687,472 $13,004,496 -4.99%
All Other Assets $69,673,025 $154,448,390 121.68%
TOTAL ASSETS $3,367,384,610 $3,666,995,872 8.90%
       
LIABILITIES & CAPITAL      
Dividends Payable $0 $0
Notes Payable $188,315,549 $203,379,111 8.00%
Reverse Repurchase Agreements $0 $0
Other Liabilities $41,744,771 $42,213,224 1.12%
Total Liabilities
$230,060,320 $245,592,335 6.75%
       
Regular Shares & Deposits $1,033,421,484 $1,045,235,861 1.14%
Money Market Shares $156,289,660 $162,080,862 3.71%
Share Drafts $535,047,538 $572,464,506 6.99%
IRA & Keogh $150,822,183 $163,253,035 8.24%
Share Certificates $872,066,335 $1,054,079,376 20.87%
Total Shares $2,747,647,200 $2,997,113,640 9.08%
       
Regular Reserve $15,187,885 $15,187,886 0.00%
FASB 115 Val Reserves ($14,851,510) ($15,081,551) -1.55%
Undivided Earnings & Other Reserves $378,000,396 $412,843,243 9.22%
Equity Acquired in Merger $11,340,319 $11,340,319 0.00%
Total Reserves & Undivided Earnings $389,677,090 $424,289,897 8.88%
TOTAL LIABILITIES & CAPITAL $3,367,384,610 $3,666,995,872 8.90%
       
DELINQUENT LOANS      
2-6 Months Delinq. $4,040,681 $5,057,024 25.15%
6-12 Months $0 $107,034 Infinity
Over 12 Months $111,043 $111,043 0.00%
Total Delinquent Loans $4,151,724 $5,275,101 27.06%
Bankruptcies $842,194 $1,284,098 52.47%
Net Chargeoff (Recov) $2,510,673 $2,641,929 5.23%
 
Loan Portfolio Profile   % of Total
Unsecured Credit Card $93,199,441 3.11%
All Other Unsecured $158,418,191 5.29%
Student Loans $0 0.00%
New Auto $718,250,834 23.96%
Used Auto $953,043,718 31.80%
1st Mortgage $945,740,123 31.55%
Other Real Estate $98,117,838 3.27%
Other Loans $30,507,492 1.02%
First Mtg Fixed Rate included in above 615,956,889 20.55%
Unused Credit/Tot. Invest+Cash 68.98%  
 
  YTD 2018 YTD 2019 %Chg
INCOME:  
Loans $25,507,900 $29,883,682 17.15%
(Less Rebates) $0 $0
Investments $1,239,874 $1,953,774 57.58%
Fee Income $7,643,750 $7,465,080 -2.34%
Trading + Other Operating $12,278,430 $11,624,330 -5.33%
Total Income $46,669,954 $50,926,866 9.12%
       
EXPENSES:
Employee Compensation & Benefits $14,259,403 $14,766,046 3.55%
Travel & Conference $216,918 $200,546 -7.55%
Office Occupancy $1,780,633 $1,857,580 4.32%
Office Operations $5,437,858 $6,106,590 12.30%
Education & Promotional $609,706 $614,024 0.71%
Loan Servicing $443,607 $624,127 40.69%
Professional Services $4,144,335 $4,316,056 4.14%
Member Insurance $23,520 $12,616 -46.36%
Operating Fees $22,800 $24,905 9.23%
Miscellaneous $1,111,758 $810,561 -27.09%
Operating Expense Subtotal $28,050,538 $29,333,051 4.57%
       
Provision for Loan Losses $2,664,726 $2,535,550 -4.85%
Operating Exp. + Provision for Loan Losses $30,715,264 $31,868,601 3.75%
       
Non-Operating Gain (Loss) $36,126 ($197,920) -647.86%
Income before Dividends $15,990,816 $18,860,345 17.94%
Interest on Borrowed Funds $919,563 $1,115,395 21.30%
Dividends $5,551,089 $8,491,729 52.97%
Net Income Prior to Assessments $9,520,164 $9,253,221 -2.80%
Net NCUSIF & TCCUSIF Expenses $0 $0 -113.36%
Net Income $9,520,164 $9,253,221 -2.80%
       
SELECTED OPERATING DATA:      
Branches 38 51 34.21%
Members 246,906 277,753 12.49%
Potential Members 23,100,000 23,100,000 0.00%
Employees 703 737 4.77%
Members/Employee 351 377 7.38%
Average Salary & Benefits/Employee $81,135 $80,196 -1.16%
Total YTD Loan Originations $234,960,627 $218,602,695 -6.96%
       
KEY RATIOS:
Operating Exp/Income 60.10% 57.60% -4.17%
Dividends/Income 11.89% 16.67% 40.19%
Net Income/Income 20.40% 18.17% -10.93%
Fee+Other Income/Income 42.69% 37.48% -12.19%
Return on Average Assets 1.15% 1.03% -10.31%
Loans/Assets 82.18% 81.74% -0.54%
Net Worth/Assets 12.01% 11.98% -0.26%
Delinquency 0.15% 0.18% 17.31%
% Invest Over 1 yr 26.21% 17.00% -35.15%
Mortgage-Backed Securities/Total Investments 24.86% 17.57% -29.31%
Yield on Investments 1.14% 1.85% 62.69%
Yield on Loans 3.70% 3.99% 7.85%
Average Cost of Funds 0.90% 1.23% 36.77%
Gross Spread 2.61% 2.66% 1.65%
Average Loan Balance $16,653 $17,336 4.10%
Average Share Balance $11,128 $10,791 -3.03%
Assets/Employee $4,790,021 $4,978,949 3.94%
Avail for Sale/Total Investments 23.74% 16.69% -29.71%