Connect Four

These four credit unions represent the diversity of Oklahoma's cooperative movement.

 
 

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%
 

 

 

Dec. 9, 2010


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