Credit Union Index - Moss Adams

Credit Union Index

An Analysis of New Mexico Credit Unions

Credit Union Index | DEFINITIONS

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

NEW MEXICO

Albuquerque 6565 Americas Parkway NE Suite 600 Albuquerque, NM 87110 (505) 878-7200

Asset Size Definition: GROUP A $0?$250 million GROUP B $251?$500 million GROUP C $501 million?$1 billion GROUP D Over $1 billion

New Mexico

Performance Analysis

Performance Analysis

Region Institution Name

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

Colfax School Employees Credit Union Mt. Taylor Federal Credit Union Rincones Presbyterian Credit Union Fort Bayard Federal Credit Union Deming Schools Employees Credit Union Quay Schools Federal Credit Union U-1st Community Federal Credit Union Telco Roswell New Mexico Federal Credit Union Questa Credit Union Florist Federal Credit Union Internationalites Federal Credit Union High Desert Community Credit Union Cuba Credit Union Los Alamos Schools Credit Union Northern New Mexico School Employee Federal Credit Union Jemez Valley Credit Union Chaves County School Employees Credit Union Roswell Community Federal Credit Union Four Corners Federal Credit Union Belen Railway Employees Credit Union Everyone's Federal Credit Union Financial Security Credit Union LOCO Credit Union Eddy Federal Credit Union Estacado Federal Credit Union Southwest Federal Credit Union Cannon Federal Credit Union Artesia Credit Union Animas Credit Union ZIA Credit Union Guadalupe Credit Union

Average of Asset Group A

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

White Sands Federal Credit Union Otero Federal Credit Union Rio Grande Credit Union State Employees Credit Union

Average of Asset Group B

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

First Financial Credit Union Del Norte Credit Union Sandia Area Federal Credit Union Kirtland Federal Credit Union U.S. Eagle Federal Credit Union

Average of Asset Group C

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

Nusenda Federal Credit Union Sandia Laboratory Federal Credit Union

Average of Asset Group D

As of Date

Total Assets ($000)

March 31, 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: May 19, 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)

$297 $2,206 $4,115 $4,481 $4,776 $6,166 $7,577 $7,614 $8,157 $9,430 $11,351 $12,216 $14,772 $18,202

($1)

(1.36%)

(8.00%)

125.00%

$16

$0

0.00%

0.00%

100.00%

$24

$5

0.50%

4.78%

86.36%

$26

($1)

(0.09%)

(0.43%)

71.59%

$47

$22

1.84%

9.93%

59.26%

$42

$5

0.32%

1.77%

82.00%

$46

$16

0.84%

6.41%

73.33%

$37

($3)

(0.16%)

(0.70%)

88.16%

$47

$35

1.76%

6.89%

66.99%

$35

($6)

(0.27%)

(2.00%)

103.57%

$53

$0

0.00%

0.00%

96.84%

$57

$63

2.11%

20.13%

52.99%

$42

$13

0.35%

2.46%

85.71%

$42

$33

0.73%

5.96%

78.57%

$69

($1)

(1.36%)

(8.00%)

125.00%

$16

$0

0.00%

0.00%

100.00%

$24

$5

0.50%

4.78%

86.36%

$26

($1)

(0.09%)

(0.43%)

71.59%

$47

$22

1.84%

9.93%

59.26%

$42

$5

0.32%

1.77%

82.00%

$46

$16

0.84%

6.41%

73.33%

$37

($3)

(0.16%)

(0.70%)

88.16%

$47

$35

1.76%

6.89%

66.99%

$35

($6)

(0.27%)

(2.00%)

103.57%

$53

$0

0.00%

0.00%

96.84%

$57

$63

2.11%

20.13%

52.99%

$42

$13

0.35%

2.46%

85.71%

$42

$33

0.73%

5.96%

78.57%

$69

$21,169

$20

0.38%

4.25%

88.65%

$68

$20

0.38%

4.25%

88.65%

$68

$21,588

$17

0.32%

2.21%

93.09%

$45

$17

0.32%

2.21%

93.09%

$45

$24,558

$14

0.23%

1.30%

92.12%

$55

$14

0.23%

1.30%

92.12%

$55

$27,030

$57

0.85%

7.29%

81.02%

$81

$57

0.85%

7.29%

81.02%

$81

$27,852

$5

0.08%

0.56%

98.46%

$48

$5

0.08%

0.56%

98.46%

$48

$29,481

$85

1.18%

8.79%

69.52%

$58

$85

1.18%

8.79%

69.52%

$58

$31,064

$20

0.27%

1.80%

94.22%

$46

$20

0.27%

1.80%

94.22%

$46

$43,719

$32

0.30%

2.43%

87.27%

$60

$32

0.30%

2.43%

87.27%

$60

$47,153

$152

1.31%

10.39%

63.13%

$79

$152

1.31%

10.39%

63.13%

$79

$54,797

($16)

(0.12%)

(0.93%)

90.65%

$64

($16)

(0.12%)

(0.93%)

90.65%

$64

$58,525

($9)

(0.06%)

(0.56%)

87.86%

$64

($9)

(0.06%)

(0.56%)

87.86%

$64

$62,476

$0

0.00%

0.00%

98.53%

$57

$0

0.00%

0.00%

98.53%

$57

$65,393

($179)

(1.11%)

(15.02%)

74.43%

$38

($179)

(1.11%)

(15.02%)

74.43%

$38

$96,882

$300

1.22%

9.33%

59.40%

$70

$300

1.22%

9.33%

59.40%

$70

$132,387

$80

0.25%

2.90%

90.94%

$56

$80

0.25%

2.90%

90.94%

$56

$139,408

$192

0.56%

6.09%

89.31%

$65

$192

0.56%

6.09%

89.31%

$65

$161,165

$2,084

5.32%

52.72%

47.05%

$62

$2,084

5.32%

52.72%

47.05%

$62

$37,291

$98

0.57%

4.54%

83.10%

$52

$98

0.57%

4.54%

83.10%

$52

$304,343

$266

0.35%

4.22%

79.80%

$46

$266

0.35%

4.22%

79.80%

$46

$306,977

$504

0.67%

4.84%

78.02%

$51

$504

0.67%

4.84%

78.02%

$51

$313,519

$626

0.82%

5.94%

67.82%

$53

$626

0.82%

5.94%

67.82%

$53

$496,806

$1,281

1.06%

9.84%

72.14%

$76

$1,281

1.06%

9.84%

72.14%

$76

$355,411

$669

0.73%

6.21%

74.45%

$57

$669

0.73%

6.21%

74.45%

$57

$528,597

$284

0.22%

2.86%

82.62%

$62

$284

0.22%

2.86%

82.62%

$62

$576,453

$605

0.43%

3.79%

77.24%

$69

$605

0.43%

3.79%

77.24%

$69

$641,655

$1,308

0.83%

7.86%

69.22%

$44

$1,308

0.83%

7.86%

69.22%

$44

$783,550

$1,116

0.58%

4.44%

72.42%

$76

$1,116

0.58%

4.44%

72.42%

$76

$980,313

$520

0.22%

2.21%

70.20%

$68

$520

0.22%

2.21%

70.20%

$68

$702,114

$767

0.46%

4.23%

74.34%

$64

$767

0.46%

4.23%

74.34%

$64

$1,971,761

$5,284

1.10%

11.08%

68.71%

$73

$5,284

1.10%

11.08%

68.71%

$73

$2,413,550

$4,952

0.83%

8.58%

66.23%

$84

$4,952

0.83%

8.58%

66.23%

$84

$2,192,656

$5,118

0.97%

9.83%

67.47%

$79

$5,118

0.97%

9.83%

67.47%

$79

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

Region Institution Name

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

Colfax School Employees Credit Union Mt. Taylor Federal Credit Union Rincones Presbyterian Credit Union Fort Bayard Federal Credit Union Deming Schools Employees Credit Union Quay Schools Federal Credit Union U-1st Community Federal Credit Union Telco Roswell New Mexico Federal Credit Union Questa Credit Union Florist Federal Credit Union Internationalites Federal Credit Union High Desert Community Credit Union Cuba Credit Union Los Alamos Schools Credit Union Northern New Mexico School Employee Federal Credit Union Jemez Valley Credit Union Chaves County School Employees Credit Union Roswell Community Federal Credit Union Four Corners Federal Credit Union Belen Railway Employees Credit Union Everyone's Federal Credit Union Financial Security Credit Union LOCO Credit Union Eddy Federal Credit Union Estacado Federal Credit Union Southwest Federal Credit Union Cannon Federal Credit Union Artesia Credit Union Animas Credit Union ZIA Credit Union Guadalupe Credit Union

Average of Asset Group A

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

White Sands Federal Credit Union Otero Federal Credit Union Rio Grande Credit Union State Employees Credit Union

Average of Asset Group B

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

First Financial Credit Union Del Norte Credit Union Sandia Area Federal Credit Union Kirtland Federal Credit Union U.S. Eagle Federal Credit Union

Average of Asset Group C

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

Nusenda Federal Credit Union Sandia Laboratory Federal Credit Union

Average of Asset Group D

March 31, 2017

As of Date

Total Lns & Leases Total Shares & Total Loans/

Assets/ FTE

Total Assets ($000)

($000)

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

$297 $2,206 $4,115 $4,481 $4,776 $6,166 $7,577 $7,614 $8,157 $9,430 $11,351 $12,216 $14,772 $18,202

$21,169 $21,588 $24,558 $27,030 $27,852 $29,481 $31,064 $43,719 $47,153 $54,797 $58,525 $62,476 $65,393 $96,882 $132,387 $139,408 $161,165

$37,291

$235 $612 $2,707 $3,113 $2,527 $4,427 $3,864 $4,953 $4,693 $4,762 $4,306 $10,493 $6,640 $10,055

$9,977 $12,428

$7,916 $14,831

$8,945 $17,788 $14,472 $25,962 $19,701 $24,774 $28,371 $31,014 $36,041 $53,182 $83,309 $96,631 $117,606

$21,495

$248 $1,845 $3,372 $3,527 $3,854 $4,985 $6,556 $5,889 $5,972 $8,211 $9,652 $10,933 $12,631 $15,944

$19,349 $18,443 $20,146 $23,750 $24,248 $25,533 $25,606 $38,234 $40,167 $47,605 $51,425 $57,390 $60,484 $83,596 $120,301 $126,303 $141,731

$32,836

94.76% 33.17% 80.28% 88.26% 65.57% 88.81% 58.94% 84.11% 78.58% 58.00% 44.61% 95.98% 52.57% 63.06%

51.56% 67.39% 39.29% 62.45% 36.89% 69.67% 56.52% 67.90% 49.05% 52.04% 55.17% 54.04% 59.59% 63.62% 69.25% 76.51% 82.98%

64.54%

$304,343 $306,977 $313,519 $496,806

$355,411

$194,125 $139,495 $225,304 $376,663

$233,897

$277,669 $262,161 $269,191 $435,538

$311,140

69.91% 53.21% 83.70% 86.48%

73.33%

$528,597 $576,453 $641,655 $783,550 $980,313

$702,114

$406,427 $376,810 $568,556 $485,412 $734,351

$514,311

$483,973 $503,634 $554,198 $626,718 $875,827

$608,870

83.98% 74.82% 102.59% 77.45% 83.85%

84.54%

$1,971,761 $2,413,550

$2,192,656

$1,573,651 $1,200,789

$1,387,220

$1,752,255 $2,161,694

$1,956,975

89.81% 55.55%

72.68%

$594 $2,206 $1,646 $1,494 $2,388 $1,542 $2,526 $2,175 $2,331 $2,358 $3,243 $3,054 $2,954 $4,551

$3,528 $2,272 $4,912 $4,505 $2,142 $3,931 $1,942 $2,572 $3,627 $3,653 $3,251 $2,777 $2,843 $5,872 $3,395 $2,655 $2,053

$2,871

$3,154 $3,231 $2,570 $3,764

$3,180

$2,344 $4,557 $4,221 $5,804 $4,189

$4,223

$4,191 $8,410

$6,301

Run Date: May 19, 2017

Yield on Avg Assets (%)

Year to Date

Interest Expense/ Net Interest Income/ Asset Growth

Avg Assets (%)

Avg Assets (%)

Rate (%)

Market Growth Rate (%)

5.44% 2.22% 4.04% 7.42% 5.09% 6.41% 3.64% 4.71% 4.52% 3.81% 2.63% 4.70% 3.71% 3.35%

3.53% 4.14% 2.04% 3.48% 3.33% 4.31% 3.15% 3.84% 5.21% 2.77% 4.00% 3.69% 4.03% 2.90% 2.89% 4.32% 5.11%

4.01%

3.07% 2.78% 4.41% 3.57%

3.46%

3.74% 2.99% 2.58% 3.27% 3.69%

3.25%

3.65% 2.65%

3.15%

0.00% 0.18% 0.61% 0.18% 0.58% 0.58% 0.11% 0.79% 0.25% 0.64% 0.29% 0.91% 0.95% 0.11%

0.11% 0.48% 0.07% 0.31% 1.37% 0.50% 0.35% 0.26% 0.52% 0.36% 0.24% 0.29% 0.31% 0.30% 0.20% 0.30% 0.36%

0.40%

0.33% 0.21% 0.59% 0.62%

0.44%

0.31% 0.18% 0.50% 0.62% 0.61%

0.44%

0.27% 0.54%

0.41%

5.44% 2.03% 3.53% 7.14% 4.51% 5.77% 3.53% 3.87% 4.22% 3.18% 2.38% 3.79% 2.73% 3.21%

3.41% 3.66% 1.98% 3.18% 1.96% 3.81% 2.80% 3.57% 4.68% 2.39% 3.76% 3.40% 3.72% 2.60% 2.69% 4.02% 4.74%

3.60%

9.66% 15.25% 31.57% 10.72% (2.41%) (9.07%) (1.32%)

6.57% 20.14% 60.00% 31.23% 20.48%

5.18% 7.09%

2.40% 1.86% 16.31% 8.29% 41.64% 21.11% 29.94% 25.97% 15.98% (2.39%) 13.63% 25.39% 7.95% (9.28%) 20.27% 13.98% 23.05%

14.88%

13.33% 18.37% 38.92% 12.76% (4.62%) (11.46%) (1.88%)

8.96% 16.02% 70.81% 37.09% 20.54%

5.78% 7.33%

2.18% 2.91% 20.23% 7.67% 48.41% 23.15% 35.70% 29.43% 12.93% (1.95%) 15.52% 27.84% 9.38% (6.41%) 21.90% 14.70% 17.33%

16.54%

2.73% 2.56% 3.83% 2.94%

3.02%

11.98% 12.87% 20.86% 26.71%

18.11%

12.60% 14.38% 24.49% 27.29%

19.69%

3.42% 2.81% 2.08% 2.65% 3.08%

2.81%

16.36% 21.86% 19.09%

7.92% 12.31%

15.51%

18.90% 23.88% 19.72% 10.45% 14.06%

17.40%

3.38% 2.11%

2.75%

22.33% 10.76%

16.55%

25.56% 10.70%

18.13%

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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