ncua financial trends in federall< insured credit … · first mortgage real estate loan...

2007 2009 2011 2013 2015 2017 2019

0%

20%

40%

60%

80%

100%

3%2%

10%

17%

68%

Asset Distribuon(% of Total Assets)

2007 2009 2011 2013 2015 2017 2019

0

2,000

4,000

6,000

8,000

1,940

3,255

5,195

Total

FCU

FISCU

Number of Insured Credit Unions Reporng

2008 2010 2012 2014 2016 2018 2020

0%

2%

4%

6%

8%

3.5%

8.8%

Asset Growth vs. Membership Growth

2008 2010 2012 2014 2016 2018 2020

-2%

0%

2%

4%

6%

8%

10%

7%

8%

Loan Growth vs. Share Growth

NCUA FINANCIAL TRENDS IN FEDERALLY INSURED CREDIT UNIONS

Overall Trends2020 Q1

Net Loans to AssetsInvestments to AssetsCash & Equivalent to AssetsFixed, Foreclosed & Repossed AssetsOther Assets to Total Assets

Asset Growth (YoY)Membership Growth (YoY)

Loan Growh (YoY)Share Growth (YoY)

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

0%

2%

4%

6%

8%

10%

12%11.0%

Aggregated Net Worth Rao

2020Q1

5,09398.0%

531.0%

390.8%

70.1%

30.1%

2008 2010 2012 2014 2016 2018 2020

0%

10%

20%

0%

100%

200%

7.5%

11.1%

Net Worth and Secondary Capital Growth (YoY)

For low-income designated credit unions, net worth includessecondary capital.

2012Q4

2013Q4

2014Q4

2015Q4

2016Q4

2017Q4

2018Q4

2019Q4

Count<0%0% to2%2% to4%4% to6%6% to7%

>7%5,15898.5%

390.7%

320.6%

40.1%

20.0%

10.0%

5,28998.4%

541.0%

260.5%

30.1%

20.0%

10.0%

5,43997.6%

901.6%

350.6%

40.1%

20.0%

30.1%

5,64297.5%

1031.8%

260.4%

130.2%

10.0%

5,87297.5%

1091.8%

290.5%

50.1%

50.1%

10.0%

6,11997.5%

1011.6%

380.6%

100.2%

20.0%

30.0%

6,36697.1%

1261.9%

490.7%

80.1%

30.0%

20.0%

6,57096.3%

1672.4%

610.9%

140.2%

60.1%

10.0%

Distribuon of Net Worth Rao

2020 Q1NCUA FINANCIAL TRENDS IN FEDERALLY INSURED CREDIT UNIONS

Net Worth

Net Worth Growth (YoY)Secondary Capital Growth (YoY, Right)

Earnings

2007 2009 2011 2013 2015 2017 2019

-1.5%

-1.0%

-0.5%

0.0%

0.5%

1.0%

0.5%

0.5%

Return on Average Assets vs. Provision for Loan & Lease Losses

NetInterestIncome

Fee &OtherIncome

OperatingExpenses

Provisionfor Loan &Lease Los..

NonOperatingIncome

Return onAverageAssets

2008 Q42009 Q42010 Q42011 Q42012 Q42013 Q42014 Q42015 Q42016 Q42017 Q42018 Q42019 Q4 0.9%

0.9%0.8%0.8%0.7%0.8%0.8%0.9%0.7%0.5%0.2%-0.1%

0.1%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.3%-0.1%

0.4%0.5%0.5%0.4%0.3%0.3%0.3%0.4%0.5%0.8%1.1%0.9%

3.2%3.2%3.1%3.1%3.1%3.1%3.2%3.2%3.3%3.3%3.6%3.6%

1.4%1.4%1.3%1.4%1.3%1.3%1.4%1.4%1.3%1.3%1.4%1.3%

3.2%3.1%3.0%2.9%2.9%2.8%2.8%2.9%3.1%3.3%3.2%3.2%

Rao of Average Assets

2007 2009 2011 2013 2015 2017 2019

0.0%

1.0%

2.0%

3.0%

4.0%

3.0%

Operang Expense vs. Net Interest Margin

2007 2009 2011 2013 2015 2017 2019

0.0%

2.0%

4.0%

6.0%

1.8%

0.9%

4.9%

Yield vs. Cost of Funds

2020 Q1 0.5%0.0%0.5%3.2%1.3%3.0%

NCUA FINANCIAL TRENDS IN FEDERALLY INSURED CREDIT UNIONS 2020 Q1

Operating ExpensesNet Interest Income

Provision for Loan & Lease LossesReturn on Average Assets

Annualized Yield on Loans to Ave. LoansAnnualized Yield on Investment to Avg. InvestmentAnnualized Cost Of Funds to Avg. Asset

2007 2009 2011 2013 2015 2017 2019

0%

20%

40%

60%

80%

100..

51%

5%

34%10%

Definition Change

Loan Distribuon(% of Total Loans)

2007 2009 2011 2013 2015 2017 2019

0%

20%

40%

60%

80%

100..

58%

29%

13%

First Mortgage Real Estate Loan Distribuon(% of First Mortgage Real Estate Loans)

2010 2015 2020

0%

20%

40%

60%

80%

100%

5%

13%6%

21%

43%

8%4%

Loan Distribuon(% of Total Loans)

2010 2015 2020

$0B

$200B

$400B

$600B

$800B

$1,000B

$55B

$145B$64B

$229B

$478B

$91B$46B

Loan Distribuon(Billions) 2014

Q42015Q42016Q42017Q42018Q42019Q4

CreditCard

OtherUnsecured

NewVehicle

UsedVehicle

FirstMortgage

Other RealEstate

Leases &All Other 8%

4%

9%

4%

0%

8%

7%

11%

8%

9%

9%

11%

7%

8%

-8%

6%

11%

10%

13%

8%

9%

11%

4%

10%

12%

17%

7%

8%

12%

3%

10%

13%

16%

9%

6%

12%

2%

9%

13%

21%

10%

8%

Loan Growth

2020Q1

1%

0%

2%

1%

-2%

-1%

-2%


Loan Distribuon

Other UnsecuredOther Real EstateFirst Mortgage REUsed VehicleCredit CardNew VehicleLeases & All Other

Other to LoansReal Estate to LoansUnsecured to LoansVehicle to Loans

Adjustable to First MortgageBalloon/Hybrid to First MortgageFixed to First Mortgage

2007 2009 2011 2013 2015 2017 2019

0.0%

0.5%

1.0%

1.5%

0.6%0.6%

Delinquency & Annualized Net Charge-Offs

2007 2009 2011 2013 2015 2017 2019

0%

20%

40%

60%

80%

100%

$0B

$2B

$4B

$6B

$8B

$10B

73.0%

17.2%

9.9%

$7B

Delinquency(% of Total Delinquent Loans)

Chargeoff %Δ Recovery %ΔNet Chargeoff

%Δ2013 Q12014 Q12015 Q12016 Q12017 Q12018 Q12019 Q12020 Q1 6.03%

7.86%18.98%25.08%6.77%-6.00%-18.03%-18.04%

8.53%7.45%12.32%13.41%9.68%1.30%-0.73%-3.70%

6.71%7.75%17.10%21.55%7.64%-3.95%-13.81%-14.95%

Charge-Offs and Recoveries AmountRolling 4 quarters

Chargeoffs RecoveriesNet

Charge-Offs2013 Q12014 Q12015 Q12016 Q12017 Q12018 Q12019 Q12020 Q1 $13,397M

$12,635M$11,715M$9,846M$7,872M$7,373M$7,843M$9,569M

$5,068M$4,670M$4,346M$3,869M$3,412M$3,111M$3,071M$3,093M

$18,465M$17,305M$16,060M$13,715M$11,284M$10,483M$10,914M$12,662M

Charge-Offs and Recoveries AmountRolling 4 quarters

NCUA FINANCIAL TRENDS IN FEDERALLY INSURED CREDIT UNIONS

Delinquency & Chargeoff Trends

2020 Q1

Delinquency RateNet Charge Off

Delinquency Rate360+ days180-359 days60-179 daysDelinquency Amount

2007 2009 2011 2013 2015 2017 2019

0.0%

0.5%

1.0%

1.5%

$0B

$50B

$100B

$150B

$200B

0.6%

$229B

Indirect Loans & Delinquency

2010 2012 2014 2016 2018 2020

0%

2%

4%

$0B

$10B

$20B

$30B

0.8%

$34B

Parcipaon Loans & Delinquency

2007 2009 2011 2013 2015 2017 2019

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

0.8%

0.5%0.5%0.5%

0.3%

Real Estate Delinquency

2007 2009 2011 2013 2015 2017 2019

0%

1%

2%

3%

4%

0.01%

3.36%

0.45%

0.69%

0.01%

Loan Chargeoff Rate


Delinquency & Chargeoff Trends (connued)First Mortgage FixedFirst Mortgage AdjustableOther AdjustableOther FixedTotal Real Estate

Indirect Loans (Right)Indirect Loan Delinquency

Participation Loan Balnace (Right)Participation Loan Delinquency

First Mortgage Chargeoff RateUsed Vehicle Chargeoff RateNew Vehicle Chargeoff RateCredit Card Chargeoff RateOther RE Chargeoff Rate

2010 2015

0%

20%

40%

60%

80%

100%

0%

40%

11%

48%

ASC 320 Investment ClassificaonUntil 4Q2018

As of 1Q2019, security portfolio was split into debtand equity securities. 2010 2015 2020

0%

20%

40%

60%

80%

100%

15%2%3%

72%

4%4%

Total Non-ASC 320 Investment Distribuon

2010 2015 2020

0%

20%

40%

60%

80%

100%

2%8%

13%

23%

54%

Maturity(% of Total Investments)

<1 year1 - 3years

3 - 5years

5 - 10years

> 10years

2009 Q42010 Q42011 Q42012 Q42013 Q42014 Q42015 Q42016 Q42017 Q42018 Q42019 Q4 44%

-3%3%-12%-21%-22%11%8%15%19%31%

-2%0%3%11%0%-30%60%28%-4%55%41%

-8%-12%5%-10%-6%-5%23%19%16%41%32%

7%0%-9%-7%2%12%-17%1%13%19%38%

23%-4%-1%7%6%-4%-13%8%14%-1%27%

Investment Growth by Maturity

2010 2015 2020

$0B

$100B

$200B

$300B

$400B

$32B$8B

$55B

$99B

$229B

Maturity

2020 Q1 51%3%1%7%21%

Equity Securities$4.0B

Trading Debt Securities$0.3B

HTM Debt Securities$32.9B

Other Investments$48.3B

AFS Debt Securities$192.6B

ASC 320 Investment Classificaon


Investment Trends - Accounng Standards Codificaon

AFSTradingHTMNon ASC

Natural Person CUsAll OtherCash EquivalentsCorporate CUsBank, Thrifts, & Savings BanksCash on Deposit

<1 year1 to 3 years3 to 5 years5 to 10 years>10 years

2010 2015 2020

0%

20%

40%

60%

80%

100%

6%1%1%

21%

20%

34%

16%

Share Distribuon(% of Total Shares & Deposits)

ShareDraft

RegularShares

MoneyMarket

ShareCerts.

IRA/KEOGH Accounts

AllOtherShares

Non Member Deposits

2008 Q42009 Q42010 Q42011 Q42012 Q42013 Q42014 Q42015 Q42016 Q42017 Q42018 Q42019 Q4 8%

16%17%31%32%69%31%3%-9%-3%-5%5%

8%8%1%14%4%-1%-6%0%9%4%14%18%

4%0%-1%2%0%-2%-1%2%2%4%13%14%

21%12%6%5%1%-1%-3%-3%-4%-5%0%5%

5%1%4%8%6%3%4%8%8%11%23%16%

4%1%7%12%10%8%8%12%11%10%12%6%

8%14%9%3%14%10%7%11%12%5%16%4%

Share Growth

2010 2015 2020

$0B

$200B

$400B

$600B

$800B

$1,000B

$1,200B

$1,400B

$13B$13B$82B

$295B

$281B

$465B

$227B

Share Distribuon

2007 2009 2011 2013 2015 2017 2019

0%

20%

40%

60%

80%

100%

3%8%

88%

Savings Maturies

2020 Q1 4%11%1%3%2%5%9%


Share Trends

Share DraftsRegular SharesMoney Market SharesShare CertificatesIRA/KEOGH AccountsAll Other SharesNon-Member Deposits

Savings Maturities < 1 YearSavings Maturities 1 to 3 yearsSavings Maturities >3 years

2010 2015 2020

0%

10%

20%

30%

$0B

$100B

$200B

$300B

$400B

$500B33%33%

Net Long Term Assets / Total Assets

2010 2015 2020

0%

20%

40%

60%

80%

$0B

$200B

$400B

$600B

$800B

$1,000B75%81%

Total Loans / Total Shares

2010 2015 2020

0%

5%

10%

15%

$0B

$50B

$100B

$150B

$200B

$250B

15%15%

Cash + Short Term Investments / Assets

2010 2015 2020

0%

1%

2%

3%

4%

5%

$0B

$10B

$20B

$30B

$40B

$50B

$60B

3.4%

4.1%

Borrowings / Total Shares & Net Worth


Asset-Liability Management Trends

Net Long Term Asset / Total Assets10 Year AverageNet Long Term Asset Amount (Right)

Loan to Share10 Year AverageTotal Loans

Cash + ST Investment to Asset10 Year AverageCash + Short Term Investments (Right)

Borrowings to Shares & NW10 Year AverageBorrowings (Right)

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

0%

20%

40%

60%

80%

100%

3,24763%

96118%

Number & Proporon of Credit Unions, by CAMEL Rangs

<$50M $50M to $100M $100M to $250M $250M to $500M $500M to $1B $1B to $10B >$10B

2008 Q1

2010 Q1

2012 Q1

2014 Q1

2016 Q1

2018 Q1

2008 Q1

2010 Q1

2012 Q1

2014 Q1

2016 Q1

2018 Q1

2008 Q1

2010 Q1

2012 Q1

2014 Q1

2016 Q1

2018 Q1

2008 Q1

2010 Q1

2012 Q1

2014 Q1

2016 Q1

2018 Q1

2008 Q1

2010 Q1

2012 Q1

2014 Q1

2016 Q1

2018 Q1

2008 Q1

2010 Q1

2012 Q1

2014 Q1

2016 Q1

2018 Q1

2008 Q1

2010 Q1

2012 Q1

2014 Q1

2016 Q1

2018 Q1

0%

20%

40%

60%

80%

100% 0%

12%

62%

22%5% 2%

18%

67%

13%

2%21%

68%

8%1%

26%

66%

7%

4%

1%

29%

66%

0%

55%

44%

1%

36%

64%

Number & Proporon of Credit Unions, by Asset Size & CAMEL Rangs


CAMEL 5 4 3 2 1


2007 Q1

2007 Q3

2008 Q1

2008 Q3

2009 Q1

2009 Q3

2010 Q1

2010 Q3

2011 Q1

2011 Q3

2012 Q1

2012 Q3

2013 Q1

2013 Q3

2014 Q1

2014 Q3

2015 Q1

2015 Q3

2016 Q1

2016 Q3

2017 Q1

2017 Q3

2018 Q1

2018 Q3

2019 Q1

2019 Q3

0

20

40

60

80

100

Count of Credit Unions

21121612

412112124221192473

13

112221521 318264051474642

6452

403862

4164536864

43646872

6255

605672

586867

687382

514557

4643475974

4747767775

56556572

63595

1

3127

67

326

14

533

2473

105

55

24

913210

58

48

14

32

1244

1175

26

Total Number of Mergers, Liquidaons and Purchase & Assumpons by Quarter (Includes Failures)

2005 Q3

2006 Q1

2006 Q3

2007 Q1

2007 Q3

2008 Q1

2008 Q3

2009 Q1

2009 Q3

2010 Q1

2010 Q3

2011 Q1

2011 Q3

2012 Q1

2012 Q3

2013 Q1

2013 Q3

2014 Q1

2014 Q3

2015 Q1

2015 Q3

2016 Q1

2016 Q3

2017 Q1

2017 Q4

2018 Q2

2018 Q4

2019 Q3

0

5

10

# of failed CUs 10

11

4

624 4

31

57

54

78

7

623

75

646

4

6243

75

612

621321 1

Number of Failed Credit Unions by Quarter

Failure and Merger Trends

ClosureTypeLiquidationMergerPurchase & Assumption

<$50M$50M to$100M

$100M to$250M

$250M to$500M

$500M to$1B

$1B to$10B

>$10B

Number of FICU Reporting

Total Assets

Average Assets / CU

Net Worth / Total Assets

Average Net Worth Ratio

Return on Average Assets

Net Interest Income

Fee & Other Income

Operating Expenses

Provision for Loan & Lease Losses

Loan to Share

Delinquency Rate

Real Estate Delinquency Rate

Commercial/MBL Delinquency Rate

Net Charge-Offs to Ave. Loans

Net Long Term Asset / Total Assets

Cash + ST Investment to Asset

Borrowings to Shares & NW 9.69%

14.18%

33.10%

1.14%

0.85%

0.69%

0.94%

83.74%

1.15%

2.76%

1.22%

3.23%

0.48%

10.32%

10.51%

$28,212M

$310.3B

11

3.78%

13.77%

34.83%

0.45%

0.59%

0.30%

0.50%

84.29%

0.42%

2.98%

1.28%

2.74%

0.61%

10.98%

10.93%

$2,505M

$829.1B

331

2.80%

14.22%

34.21%

0.48%

1.06%

0.41%

0.61%

80.80%

0.39%

3.61%

1.36%

3.05%

0.42%

11.02%

11.02%

$695M

$175.7B

253

1.54%

16.27%

30.33%

0.47%

1.02%

0.45%

0.64%

77.23%

0.35%

3.76%

1.41%

3.13%

0.44%

11.13%

11.13%

$352M

$120.5B

342

0.80%

18.64%

27.79%

0.45%

1.25%

0.51%

0.71%

72.17%

0.31%

3.77%

1.30%

3.19%

0.43%

11.54%

11.46%

$158M

$107.8B

681

0.38%

22.94%

22.99%

0.44%

0.67%

0.52%

0.76%

64.59%

0.25%

3.74%

1.18%

3.22%

0.43%

12.14%

12.08%

$72M

$48.5B

672

0.11%

27.48%

16.04%

0.45%

0.96%

0.74%

1.07%

59.95%

0.25%

3.68%

0.91%

3.34%

0.35%

15.17%

13.36%

$16M

$46.5B

2,905

Summary of Trends by Asset Group


FICU FISCU TotalNumber of FICU Reporting

Total Assets

Total Loans

Share

Delinquency Amount

% of FICU

% of Total FICU Assets

% of Total FICU Loans

% of Total FICU Delinquency

Net Worth / Total Assets

Delinquency Rate

Net Charge-Offs to Ave. Loans

Gross Income to Ave. Asset

Cost of Funds to Ave. Assets

Provision for Loan & Lease Losses

Operating Expenses

Return on Average Assets

Net Long Term Asset / Total Assets

Loan to Share

Share Growth (YoY)

Loan Growh (YoY)

Asset Growth (YoY) 8.79%

6.51%

8.11%

81.14%

32.75%

0.53%

3.16%

0.53%

0.21%

1.27%

0.58%

0.63%

11.01%

100.00%

100.00%

100.00%

100.00%

$7,082M

$1,376,081M

$1,116,520M

$1,638,433M

5,195

7.14%

3.59%

7.70%

81.46%

32.33%

0.55%

3.13%

0.44%

0.20%

1.23%

0.44%

0.54%

10.94%

42.25%

49.48%

48.61%

37.34%

$2,992M

$678,255M

$552,499M

$796,433M

1,940

5.88%

1.90%

5.33%

80.83%

33.16%

0.51%

3.19%

0.62%

0.23%

1.31%

0.71%

0.73%

11.07%

57.75%

50.52%

51.39%

62.66%

$4,090M

$697,827M

$564,020M

$841,999M

3,255

Summary of Trends by CU Type


ncua financial trends in federall< insured credit … · first mortgage real estate loan...

Documents