Of the 74 credit unions in Oklahoma, these four illustrate the diverse incarnations of the cooperative movement in the state. The chart below includes performance metrics such as loan and share growth, member growth, a breakdown of the loan portfolio, and productivity and efficiency metrics.
Before you examine the data (which comes from CUSP online), consider the fundamentals of each credit union.
- 66 ($543M, Bartlesville, OK)
— Loans: $393.9M
— Investments: $115.4M
— Capital: $47.3M
— Members: 54,644
- ME/CU ($108M, Oklahoma City, OK)
— Loans: $84.5M
— Investments: $16.6M
— Capital: $9.1M
— Members: 11,578
- Oklahoma ($74M, Oklahoma City, OK)
— Loans: $50M
— Investments: $21.9M
— Capital: $7.5M
— Members: 8,887
- First Family ($35M, Henryetta, OK)
— Loans: $29.4M
— Investments: $2.1M
— Capital: $3.1M
— Members: 10,649
Once you know the basic makeup of each credit union, you have context with which explore more exciting statistics. Examine each credit union's performance and compare them to yours and others in your market. You might find Oklahoma can teach you more than you thought.
Peer Group Comparison
|
| |
66 |
ME/CU |
Oklahoma |
First Family |
| |
12-Month Growth Rates: September 2010
|
| |
66 |
ME/CU |
Oklahoma |
First Family |
| Balance Sheet |
| Shares |
7.33% |
8.23% |
12.23% |
8.14% |
| Loans |
3.15% |
15.03% |
3.45% |
15.87% |
| Assets |
6.52% |
8.32% |
10.57% |
11.72% |
| Capital |
8.14% |
8.51% |
6.61% |
9.36% |
| Income Statement |
| Total Revenue |
2.67% |
1.35% |
1.19% |
9.80% |
| Operating Expenses |
3.71% |
11.59% |
8.92% |
4.41% |
| Provision for Loan Loss |
1.64% |
-40.91% |
-21.04% |
64.10% |
| Dividends |
-29.14% |
-18.10% |
-13.90% |
-22.66% |
| Net Income |
-29.64% |
65.29% |
-37.37% |
-38.44% |
| Member Metrics |
| 12-month member growth |
5.20% |
4.59% |
2.60% |
1.06% |
| Members/potential members |
25.07% |
5.79% |
18.15% |
26.62% |
| Share accounts per member |
1.82 |
1.69 |
1.65 |
1.25 |
| Average share balance |
$8,625 |
$8,568 |
$8,086 |
$2,832 |
| Loan accounts per member |
0.47 |
0.74 |
0.51 |
0.43 |
| Average loan balance |
$15,381 |
$9,881 |
$10,077 |
$6,444 |
| Average member relationship |
15,834 |
15,870 |
5,171 |
5,590 |
| YOY Change in Avg Member Rel. |
0.29% |
6.23% |
3.97% |
10.65% |
| |
Interest Rate Comparisons
|
| |
66 |
ME/CU |
Oklahoma |
First Family |
| Savings Account |
| Share Drafts |
0.20% |
3.25% |
0.42% |
0.00% |
| Regular Shares |
0.50% |
0.50% |
0.69% |
0.70% |
| Money Market Shares |
0.70% |
1.10% |
0.78% |
0.00% |
| Share certificates |
1.29% |
1.45% |
1.39% |
1.35% |
| IRA |
2.67% |
1.45% |
1.55% |
1.20% |
| Average Cost of Funds |
1.16 |
1.57% |
1.27 |
1.19% |
| Loan Rates |
| Credit cards |
9.50% |
9.99% |
6.55% |
9.90% |
| Unsecured Lines of Credit |
7.95% |
9.99% |
13.01% |
11.75% |
| New Autos |
4.79% |
4.75% |
5.45% |
7.50% |
| Used Autos |
6.25% |
4.75% |
6.57% |
7.50% |
| 1st Mortgages |
4.63% |
4.85% |
5.74% |
7.95% |
| Other Real Estate |
6.50% |
6.00% |
6.40% |
10.00% |
| Average Loan Yield |
6.21% |
7.64% |
7.08% |
8.01% |
| |
Member Value
|
| |
66 |
ME/CU |
Oklahoma |
First Family |
| Shares |
| Average share rate |
1.06% |
1.57% |
1.25% |
1.19% |
| Dividends/interest income |
18.56% |
23.62% |
28.30% |
15.42% |
| Loans |
| Average loan yield |
6.21% |
7.64% |
7.08% |
8.01% |
| Sources and uses of funds |
| Loan Interest/Interest income |
94.05% |
94.60% |
77.51% |
98.13% |
| Investment Interest/Interest Income |
5.95% |
5.40% |
22.49% |
1.87% |
| Non-Interest Income/Interest Income |
32.83% |
36.09% |
28.63% |
34.45% |
| Net Int. Income/Total Operating Exp. |
95.63% |
98.67% |
96.23% |
106.74% |
| Member Participation |
| Share Draft Penetration |
35.28% |
48.00% |
39.34% |
17.98% |
| Auto Loan Penetration |
22.94% |
33.85% |
21.58% |
24.04% |
| Credit Card Penetration |
13.46% |
22.87% |
11.09% |
8.62% |
| First Mortgage Loan Penetration |
1.18% |
1.67% |
1.47% |
0.01% |
| |
Throughput
|
| |
66 |
ME/CU |
Oklahoma |
First Family |
| Productivity |
| Full time employees (FTEs) |
160 |
45 |
36 |
24 |
| Members per FTE |
342 |
257 |
377 |
444 |
| Assets per FTE |
$3,380,526 |
$2,401,928 |
$3,575,234 |
$1,413,912 |
| Loan and Share Accounts per FTE |
781 |
625 |
817 |
745 |
| Loans Originated per FTE |
$1,123,979 |
$898,354 |
$770,780 |
$473,117 |
| Loan Income per FTE |
$113,324 |
$101,248 |
$90,117 |
$70,111 |
| (NIM + Non Interest Income)/FTE |
$135,567 |
$120,379 |
$113,611 |
$85,028 |
| Net Income per FTE |
$17,602 |
$8,900 |
$18,047 |
$13,129 |
| Capital per FTE |
$295,385 |
$201,867 |
$399,439 |
$148,256 |
| Average Salary and Benefits per FTE |
$66,091 |
$53,713 |
$48,469 |
$42,498 |
| $ Rev. / $ of Sal. & Ben. per FTE |
$3.22 |
$3.62 |
$3.63 |
$2.95 |
| YOY Chng in Avg Sal & Ben per FTE |
1.64% |
-7.57% |
3.68% |
2.50% |
| Efficiency |
| Earning Assets/Total Assets |
95.69% |
93.31% |
95.80% |
90.96% |
| Operating Expense/Member |
$294 |
$322 |
$221 |
$128 |
| Efficiency Ratio |
74.05% |
68.82% |
80.76% |
66.56% |
| Operating Expense/Average Assets |
4.11% |
4.72% |
3.95% |
5.43% |
| Average Account Size |
6,924 |
6,530 |
6,116 |
3,328 |
| YOY Change in Average Account Size |
3.40% |
8.20% |
5.13% |
9.32% |
| Revenue/Operating Expense |
159.44% |
175.82% |
179.18% |
169.72% |
| Revenue per Member |
$469 |
$566 |
$397 |
$216 |
| Capital per Member |
$865 |
$785 |
$1,060 |
$334 |
| Net Income per Member |
$52 |
$35 |
$48 |
$30 |
| Delivery |
| Number of Branches |
7 |
4 |
3 |
2 |
| YOY Change in Numbe of Branches |
2 |
0 |
10 |
0 |
| Land, Build. & Fixed Assets per Branch |
$1,322,530 |
$701,160 |
$958,685 |
$449,948 |
| Employees/Branch |
23 |
11 |
11 |
12 |
| Members/Branch |
7,806 |
2,895 |
4,314 |
5,325 |
| Net New Members/Branches |
277 |
109 |
109 |
148 |
| Member of Shared Branch Network |
YES |
YES |
__ |
NO |
| |
Lending
|
| |
66 |
ME/CU |
Oklahoma |
First Family |
| Activity |
| Loans/Share Ratio |
83.58% |
85.23% |
63.94% |
97.39% |
| Loans & RE Servicing Porfolio/Shares |
168.84% |
85.23% |
78.74% |
97.39% |
| Indirect Loans/Total Loans |
27.59% |
9.59% |
21.90% |
0.00% |
| Interest Income per Loan Account |
$708 |
$533 |
$466 |
$369 |
| Loans Originated/Total Loans ($) |
45.79% |
47.82% |
39.55% |
39.46% |
| YOY Change in $ of Loans Originated |
-28.16% |
32.54% |
-10.53% |
12.51% |
| Average Loan Originated |
$31,200 |
$7,773 |
$8,565 |
$6,512 |
| Loan Portfolio Composition |
| New auto |
12.82% |
15.24% |
20.57% |
58.45% |
| Used auto |
29.18% |
41.99% |
31.46% |
28.18% |
| First Mortgage |
35.62% |
23.35% |
23.01% |
0.01% |
| Other Real Estate |
9.16% |
4.22% |
7.52% |
0.05% |
| Credit Card |
7.14% |
5.30% |
4.82% |
4.00% |
| Other Unsecured |
3.14% |
4.82% |
3.91% |
7.90% |
| Member Business Loans |
8.33% |
1.25% |
3.60% |
0.00% |
| Loan Quality |
| Delinquent Loans/Total Loans |
2.07% |
0.83% |
1.23% |
0.70% |
| Net Charge-Offs/Average Loans |
0.67% |
1.35% |
0.57% |
0.62% |