PDF Credit Union Index - Moss Adams

[Pages:13]Credit Union Index

AN ANALYSIS OF ARIZONA CREDIT UNIONS

Credit Union Index

The Credit Union Index is published by the Arizona office of Moss Adams. For more information on the data presented in this report, contact Rebecca Radell, Senior Manager, at (209) 955-6136.

Arizona

PHOENIX 8800 East Raintree, Suite 210 Scottsdale, AZ 85260 (480) 444-3424

ASSET SIZE DEFINITION Group A $0?$250 million Group B $251 million?$500 million Group C $501 million?$1 billion Group D Over $1 billion

Arizona

Performance Analysis

Performance Analysis

Region Institution Name

Asset Group A - $50 to $250 million in total assets

JACL Credit Union APC Employees Federal Credit Union Winslow School Employees Federal Credit Union Shamrock Foods Federal Credit Union U-Haul Federal Credit Union EM Federal Credit Union Prescott Federal Credit Union San Tan Credit Union Ray Federal Credit Union Winslow Santa Fe Credit Union RIM Country Federal Credit Union Southwest Health Care Credit Union Bashas' Associates Federal Credit Union Alhambra Credit Union Cochise Credit Union Southeastern Arizona Federal Credit Union Mohave Community Federal Credit Union MariSol Federal Credit Union Banner Federal Credit Union Coconino Federal Credit Union First American Credit Union Pinal County Federal Credit Union Tucson Old Pueblo Credit Union Pyramid Federal Credit Union Landings Credit Union Altier Credit Union Canyon State Credit Union American Southwest Credit Union Deer Valley Credit Union Aero Federal Credit Union

Average of Asset Group A

Asset Group B - $251 to $500 million in total assets

A.E.A. Federal Credit Union SunWest Federal Credit Union Tucson Federal Credit Union First Credit Union Arizona Central Credit Union

Average of Asset Group B

Asset Group C - $501 million to $1 billion in total assets

Pima Federal Credit Union Credit Union West

Average of Asset Group C

Asset Group D - $1 billion and over in total assets

TruWest Credit Union Hughes Federal Credit Union Arizona Federal Credit Union Vantage West Credit Union OneAZ Credit Union Desert Schools Federal Credit Union

Average of Asset Group D

As of Date

Total Assets ($000)

June 30, 2017

Net Income (Loss) ($000)

Quarter to Date

Return on Avg

Return on

Oper Exp/ Oper Salary&Benefits/

Assets (%) Avg Net Worth (%)

Rev (%)

Employees ($000)

Run Date: August 29, 2017

Year to Date

Net Income (Loss) Return on Avg

Return on

Oper Exp/ Oper Salary&Benefits/

($000)

Assets (%) Avg Net Worth (%)

Rev (%)

Employees ($000)

$511 $1,421 $4,457 $6,082 $6,253 $7,881 $8,071 $10,061 $10,271 $15,144 $15,725 $15,782 $17,306 $25,059 $32,881 $33,745 $35,499 $37,569 $60,673 $75,357 $99,882 $135,864 $148,230 $153,889 $162,216 $194,554 $198,078 $224,031 $228,613 $239,132

$73,475

($4) $5 $7 $3 $8 $2 $4 ($7) $29 $18 $34 ($21) $15 $10 $78 $53 $179 $71 $32 $136 ($414) $44 $120 $4 $146 $105 ($61) $212 $181 ($11)

$33

(3.05%) 1.43% 0.62% 0.21% 0.51% 0.10% 0.20%

(0.28%) 1.14% 0.48% 0.86%

(0.53%) 0.34% 0.16% 0.95% 0.62% 2.03% 0.75% 0.21% 0.73%

(1.60%) 0.13% 0.33% 0.01% 0.36% 0.22%

(0.12%) 0.38% 0.32%

(0.02%)

0.25%

(15.24%) 6.71% 4.31% 2.49% 4.77% 0.53% 1.56%

(4.11%) 11.00%

3.93% 8.38% (5.77%) 3.67% 1.78% 6.51% 5.34% 28.27% 6.52% 2.05% 8.57% (22.09%) 1.98% 4.85% 0.12% 4.59% 3.08% (1.38%) 4.41% 3.66% (0.14%)

2.68%

250.00% 64.29% 85.37% 94.74% 78.13% 96.36% 83.48% 98.15% 86.08% 79.79% 80.68% 94.57% 95.07% 85.87% 77.99% 84.62% 63.69% 82.61% 92.10% 75.59% 98.24% 82.19% 87.70% 86.61% 87.78% 85.42% 94.82% 76.99% 87.11% 85.73%

90.73%

$251,939 $344,531 $441,319 $464,147 $476,469

$395,681

$78 $343 $960 $128 $729

$448

0.12% 0.40% 0.87% 0.11% 0.61%

0.42%

3.55% 3.38% 10.82% 1.47% 7.71%

5.39%

91.83% 85.76% 72.69% 83.25% 83.59%

83.42%

$514,391 $665,761

$590,076

$804 $1,192

$998

0.63% 0.72%

0.68%

6.62% 7.50%

7.06%

76.25% 79.98%

78.12%

$1,018,026 $1,091,963 $1,556,358 $1,822,824 $2,003,109 $4,285,568

$1,962,975

$1,298 $2,528 $5,860 $4,563 $3,683 $18,180

$6,019

0.52% 0.94% 1.51% 1.02% 0.74% 1.70%

1.07%

5.04% 10.00% 10.36%

8.95% 8.09% 14.72%

9.53%

83.27% 64.93% 73.15% 69.89% 80.50% 66.05%

72.97%

NA $0 $44 $52 $34 $51 $38 $50 $36 $21 $44 $52 $51 $55 $46 $42 $37 $56 $67 $62 $53 $52 $53 $61 $63 $66 $66 $49 $66 $64

$49

$73 $64 $72 $72 $61

$68

$56 $88

$72

$96 $63 $93 $78 $85 $88

$84

($8) $12 $14 ($4)

$8 $6 $10 ($8) $56 $32 $67 ($86) $23 $20 $139 $4 $261 $131 $48 $141 ($767) $75 $157 ($89) $255 $58 $72 $319 $328 $47

$44

(3.00%) 1.74% 0.63%

(0.14%) 0.26% 0.15% 0.25%

(0.16%) 1.13% 0.43% 0.85%

(1.09%) 0.27% 0.16% 0.85% 0.02% 1.49% 0.70% 0.16% 0.39%

(1.47%) 0.11% 0.22%

(0.12%) 0.32% 0.06% 0.07% 0.29% 0.29% 0.04%

0.16%

(14.95%) 8.14% 4.33%

(1.66%) 2.39% 0.80% 1.95%

(2.34%) 10.76%

3.51% 8.34% (11.63%) 2.82% 1.79% 5.84% 0.20% 21.15% 6.06% 1.54% 4.47% (19.97%) 1.69% 3.21% (1.34%) 4.03% 0.85% 0.82% 3.33% 3.33% 0.29%

1.66%

275.00% 58.62% 83.13%

100.46% 79.28% 93.75% 82.46% 98.17% 89.81% 82.16% 80.64% 91.03% 96.10% 88.10% 80.17% 88.81% 72.74% 82.73% 90.77% 79.63% 97.66% 84.77% 89.17% 87.26% 90.88% 86.22% 92.54% 75.78% 87.85% 87.91%

92.45%

$282 $607 $1,190 $288 $930

$659

0.22% 0.36% 0.55% 0.12% 0.39%

0.33%

6.46% 3.00% 6.74% 1.67% 4.96%

4.57%

87.15% 87.49% 75.90% 82.94% 85.70%

83.84%

$1,446 $2,048

$1,747

0.57% 0.62%

0.60%

6.01% 6.49%

6.25%

77.53% 81.55%

79.54%

$2,326 $4,381 $11,510 $9,402 $6,207 $33,372

$11,200

0.47% 0.83% 1.50% 1.08% 0.63% 1.59%

1.02%

4.55% 8.76% 10.33% 9.33% 6.87% 13.81%

8.94%

83.64% 65.21% 73.85% 68.15% 82.69% 67.52%

73.51%

NA $0 $41 $55 $35 $51 $38 $51 $34 $21 $43 $48 $49 $55 $46 $44 $45 $55 $65 $63 $54 $53 $54 $59 $66 $68 $63 $46 $66 $63

$49

$67 $63 $72 $73 $61

$67

$57 $87

$72

$93 $61 $94 $76 $86 $90

$83

Source: SNL Financial NA = data was not available. NM = per SNL Financial, the data was not provided as the ratios are too high/low to be meaningful.

Performance Data Page 3 of 10

Balance Sheet & Net Interest Margin

Balance Sheet & Net Interest Margin

June 30, 2017

As of Date

Region Institution Name

Total Lns & Total Assets ($000) Leases ($000)

Total Shares & Total Loans/

Assets/ FTE

Deposits ($000) Total Shares (%) Employees ($000)

Asset Group A - $50 to $250 million in total assets

JACL Credit Union APC Employees Federal Credit Union Winslow School Employees Federal Credit Union Shamrock Foods Federal Credit Union U-Haul Federal Credit Union EM Federal Credit Union Prescott Federal Credit Union San Tan Credit Union Ray Federal Credit Union Winslow Santa Fe Credit Union RIM Country Federal Credit Union Southwest Health Care Credit Union Bashas' Associates Federal Credit Union Alhambra Credit Union Cochise Credit Union Southeastern Arizona Federal Credit Union Mohave Community Federal Credit Union MariSol Federal Credit Union Banner Federal Credit Union Coconino Federal Credit Union First American Credit Union Pinal County Federal Credit Union Tucson Old Pueblo Credit Union Pyramid Federal Credit Union Landings Credit Union Altier Credit Union Canyon State Credit Union American Southwest Credit Union Deer Valley Credit Union Aero Federal Credit Union

Average of Asset Group A

$511 $1,421 $4,457 $6,082 $6,253 $7,881 $8,071 $10,061 $10,271 $15,144 $15,725 $15,782 $17,306 $25,059 $32,881 $33,745 $35,499 $37,569 $60,673 $75,357 $99,882 $135,864 $148,230 $153,889 $162,216 $194,554 $198,078 $224,031 $228,613 $239,132

$73,475

$264 $865 $2,543 $4,554 $2,743 $2,921 $3,771 $6,068 $6,708 $3,533 $8,668 $11,377 $5,464 $16,642 $20,803 $21,281 $27,865 $20,887 $25,539 $40,588 $63,748 $99,311 $78,949 $117,948 $102,087 $142,776 $106,751 $119,980 $154,375 $140,568

$45,319

$394 $1,122 $3,800 $5,342 $5,579 $6,370 $6,969 $9,265 $9,069 $13,295 $14,058 $14,299 $15,619 $22,575 $28,006 $29,480 $32,349 $32,486 $53,849 $68,221 $91,330 $124,907 $136,531 $137,182 $147,955 $178,749 $156,333 $203,499 $206,544 $203,980

$65,305

67.01% 77.09% 66.92% 85.25% 49.17% 45.86% 54.11% 65.49% 73.97% 26.57% 61.66% 79.57% 34.98% 73.72% 74.28% 72.19% 86.14% 64.30% 47.43% 59.49% 69.80% 79.51% 57.82% 85.98% 69.00% 79.88% 68.28% 58.96% 74.74% 68.91%

65.94%

NA $2,842 $2,229 $1,521 $1,251 $3,152 $2,018 $2,875

$934 $2,019 $1,966 $2,255 $1,731 $1,856 $2,859 $2,812 $2,731 $2,031 $3,677 $3,966 $2,059 $1,824 $2,671 $2,824 $2,595 $3,216 $2,892 $3,344 $3,412 $4,348

$2,549

Asset Group B - $251 to $500 million in total assets

A.E.A. Federal Credit Union SunWest Federal Credit Union Tucson Federal Credit Union First Credit Union Arizona Central Credit Union

$251,939 $344,531 $441,319 $464,147 $476,469

$209,107 $231,298 $310,884 $340,802 $325,552

$226,920 $299,135 $402,603 $423,523 $432,063

92.15% 77.32% 77.22% 80.47% 75.35%

$2,494 $3,345 $3,198 $3,339 $2,632

Average of Asset Group B

$395,681

$283,529

$356,849

80.50%

$3,002

Asset Group C - $501 million to $1 billion in total assets

Pima Federal Credit Union Credit Union West

$514,391 $665,761

$292,754 $508,749

$436,856 $587,068

67.01% 86.66%

$2,965 $3,859

Average of Asset Group C

$590,076

$400,752

$511,962

76.84%

$3,412

Asset Group D - $1 billion and over in total assets

TruWest Credit Union Hughes Federal Credit Union Arizona Federal Credit Union Vantage West Credit Union OneAZ Credit Union Desert Schools Federal Credit Union

$1,018,026 $1,091,963 $1,556,358 $1,822,824 $2,003,109 $4,285,568

$921,824 $910,789 $628,838 $1,585,551 $1,366,897 $1,832,200

$893,195 $979,907 $1,292,263 $1,509,894 $1,705,481 $3,679,813

103.21% 92.95% 48.66%

105.01% 80.15% 49.79%

$4,398 $4,941 $3,915 $3,929 $4,147 $4,366

Average of Asset Group D

$1,962,975 $1,207,683 $1,676,759

79.96%

$4,283

Run Date: August 29, 2017

Yield on Avg Assets (%)

Year to Date

Interest Expense/ Net Interest Income/ Asset Growth

Avg Assets (%)

Avg Assets (%)

Rate (%)

Market Growth Rate (%)

1.50% 5.07% 3.53% 4.39% 3.42% 2.95% 4.03% 3.29% 5.74% 2.75% 4.13% 4.95% 3.27% 4.80% 3.52% 2.89% 4.61% 3.88% 2.55% 3.39% 3.81% 3.96% 3.61% 3.99% 3.54% 3.23% 3.33% 2.84% 3.20% 3.02%

3.64%

0.00% 1.01% 0.18% 0.18% 0.03% 0.25% 0.07% 0.00% 0.12% 0.51% 0.16% 0.13% 0.09% 0.20% 0.17% 0.07% 0.10% 0.10% 0.05% 0.17% 0.46% 0.07% 0.06% 0.24% 0.18% 0.22% 0.37% 0.25% 0.12% 0.13%

0.19%

4.11% 3.59% 3.98% 3.80% 4.04%

3.90%

0.45% 0.26% 0.18% 0.19% 0.23%

0.26%

3.39% 3.90%

3.65%

0.19% 0.46%

0.33%

4.04% 4.35% 3.26% 4.43% 3.09% 3.11%

3.71%

0.37% 0.62% 0.52% 0.57% 0.24% 0.61%

0.49%

1.13% 4.06% 3.35% 4.22% 3.42% 2.70% 3.96% 3.31% 5.60% 2.24% 3.96% 4.83% 3.18% 4.60% 3.35% 2.82% 4.51% 3.79% 2.51% 3.22% 3.35% 3.89% 3.55% 3.75% 3.36% 3.01% 2.96% 2.59% 3.08% 2.88%

3.44%

(11.79%) 10.52% 4.31% 21.00% 17.23% (1.19%) 4.61% 14.47% 25.24% 14.41% 1.63% 4.32% 11.14% 16.60% 9.81% 12.15% 6.34% 5.04% 10.17% 18.78% (9.36%) 7.23% 11.91% 4.09% 13.06% 5.52% 12.24% 9.49% 5.51% 6.99%

8.72%

(11.48%) 11.10% 4.58% 17.15% 19.43% (1.68%) 6.06% 18.18% 28.06% 16.04% 0.70% 5.82% 12.52% 18.35% 10.68% 13.58% 6.00% 6.25% 11.17% 20.92% (8.81%) 7.25% 12.14% 4.14% 14.27% 6.10% 15.01% 9.80% 5.84% 7.24%

9.55%

3.66% 3.32% 3.81% 3.60% 3.82%

3.64%

4.98% 11.62% 14.54%

6.59% 6.97%

8.94%

5.02% 12.61% 15.52%

7.23% 6.67%

9.41%

3.20% 3.43%

3.32%

11.35% 6.81%

9.08%

14.68% 7.37%

11.03%

3.66% 3.73% 2.74% 3.80% 2.85% 2.49%

3.21%

10.50% 17.51% 11.27% 17.17%

9.91% 12.67%

13.17%

9.92% 18.73% 10.72%

7.09% 15.10% 12.99%

12.43%

Source: SNL Financial NA = data was not available. NM = per SNL Financial, the data was not provided as the ratios are too high/low to be meaningful.

BS & NIM Data Page 5 of 10

Asset Quality

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