TOP 100 CREDIT UNIONS - LSCU

TOP 100 CREDIT UNIONS

Mid-Year 2020

LISTINGS

AND

OPERATING RATIOS AND SPREADS

Prepared September 2020 by: Economics & Statistics Department Credit Union National Association, Inc.

P.O. Box 431 Madison, Wisconsin 53701 800-356-9655 (ext. 4399)

Copyright ? by Credit Union National Association, Inc.

All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of the copyright owner.

TABLE OF CONTENTS

I.

LISTINGS

1. Assets and Members 2. Loans and Savings Totals

II. OPERATING RATIOS TABLES

Balance Sheet Composition 1. Distribution of Assets 2. Distribution of Liabilities and Equity

Loans 3. Distribution of Dollar Amounts in Loans Outstanding 4. Average Size of Outstanding Loans 5. Loans Outstanding and Granted 6. Indirect and Participation Loans Outstanding 7. First Mortgage Loans 8. All Second Mortgages Including Home Equity 9. Loan Delinquency Ratios 10. Consumer Loan Delinquency Ratios 11. Real Estate Loan Delinquency Ratios 12. Additional Loan Delinquency Ratios 13. Allowance for Loan Loss and Bankruptcy 14. Foreclosed and Repossessed Assets, Chargeoffs

Investments 15. Distribution of Surplus Funds 16. Maturity, FAS 115 Classification, Market Value

Savings 17. Distribution of Dollar Amounts in Savings Accounts 18. Average Size of Savings Accounts

Income and Costs 19. Income Items as Percent of Total Income 20. Distribution of Total Income 21. Distribution of Operating Expenses 22. Rates Charged on Loans 23. Rates Paid on Savings

Miscellaneous 24. Additional Ratios and Averages 25. Branch and Service Information

III. SPREADS TABLES

1. Rates of Return 2. Cost of Funds 3. Credit Union Spreads 4. Distribution of Net Spread 5. Credit Union Growth 6. Sample Information

OPERATING RATIOS AND SPREADS

MID- YEAR 2020

This booklet contains a series of tables, arranged by asset size, presenting operating ratios and spreads for credit unions. All credits unions, as of March 2007, are required to fill out the full 5300 call report on a quarterly basis.

The operating ratios and spread tables are the same as the sections of the biannual Operating Ratios and Spreads book.

The last row of each table, which contains the total, is the total for all credit unions in the given section. These totals can be used in comparing the totals in the mid-year and year-end editions of Operating Ratios and Spreads.

All of the ratios are defined in the same way as in the biannual book. Although this book does not contain the explanatory text that appears in the biannual book, the meaning of the ratios should be clear from recalling the categories used in the Call Report, and the list of relationships located in the following sections. Here are some important points about the methods used:

CALCULATION OF AVERAGES The averages were calculated by summing all the variables before the ratios were computed. For example, the loans/savings ratio reported here is not the average of the individual loan/savings ratios computed for each credit union: it's the ratio of total loans of all credit union in each asset size category divided by total savings at all credit unions in each category

CALCULATION OF SPREADS The spreads ratios were computed by dividing items from the income/expense statements by the average value of balance sheet items during the period. For example, the return on loans was computed by dividing total loan income for the six-month period by the average value of loans outstanding during the period. Those average values were obtained by adding the year-end 2019, plus two times the values at the end of first quarter 2020, plus mid-year 2020 values and dividing by four. Again, the variables were summed over all credit unions before the ratios were computed. Data was included only from credit unions which we had data for year-end 2019 and mid-year of 2020.

RELATIONSHIPS BETWEEN RATIOS

Understanding the relationships below will make it easier to understand what the tables mean, and also should help you in calculating your own credit union's ratios for comparison.

OPERATING RATIOS TABLES

1.

Columns (1) - (2) + (3) + (4) + (5) + (6) = 100%.

2.

The first seven (not eight) columns sum to 100%.

Column (8) = Columns (4) + (5) + (6) + (7).

3.

The first ten (not twelve) columns sum to 100%. Columns (11) and (12) are included in the previous ten.

7c. Columns (2) + (3) + (4) + (5) + (6) + (7) + (8) = 100%.

7d. Columns (2) + (3) + (4) + (5) + (6) + (7) + (8) = 100%.

8b. Columns (2) + (3) + (4) + (5) + (6) = 100%. Columns (8) + (9) + (10) + (11) + (12) =100%.

9.

Columns (1) + (3) + (5) = Column (7).

Columns (2) + (4) + (6) = Column (8).

10. Columns (1) + (2) + (3) = Column (4). Columns (5) + (6) + (7) = Column (8).

11. Columns (1) + (2) + (3) = Column (4). Columns (5) + (6) + (7) = Column (8). Columns (9) + (10) + (11) = Column (12). Columns (13) + (14) + (15) = Column (16).

12. Columns (1) + (2) + (3) = Column (4). Columns (5) + (6) + (7) = Column (8). Columns (9) + (10) + (11) = Column (12). Columns (13) + (14) + (15) = Column (16).

15. The first eleven columns of Table 15 sum to 100%.

16. Columns (1) + (2) + (3) + (4) + (5) =100% Columns (6) + (7) + (8) + (9) = 100%

17. Columns (1) + (2) + (3) + (4) + (5) + (6) = 100%

19. Columns (1) + (2) + (3) + (4) + (5) + (6) = 100%

20. Columns (1) + (2) + (3) + (4) + (5) = 100%

21. The ten columns sum to 100%. Total operating expenses here (and in Table 20 and Spreads Table 3) do not include provisions for loan and investment loss, or interest on borrowings.

SPREADS TABLES

1.

Column (3) = Columns (1) - (2).

2.

Column (1) = Column (6) of Table 1.

Column (2) = Column (4) of Table 2.

Column (3) = Columns [(1) - (2)] multiplied by 100 (i.e. 1% = 100 BP).

3.

Column (1) = Columns [(3) + (4) + (5) - (6)] of Table 3.

Column (3) = Columns (1) - (2).

4.

Columns (6) + (7) + (8) sum to 100%.

5.

Column (6) = Columns (4) - (5).

TOP 100 CREDIT UNION LISTING

BY ASSET RANK

MID-YEAR 2020 ASSETS AND MEMBERS

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