First Quarter 2017Mid-Year 2020
Bellwether Community Credit
Source: Datatrac, NCUA, and CUNA.(1) Rates and fees as of 11/2/2020.(2) Assumes 2.1 credit union members per household.(3) A "loyal member" is assumed to have a $30,000, 60-month new auto loan, a classic credit card with an average balance of $5,000, a $200,000, 30-year fixed rate mortgage (a 30-year fixed rate mortgage is replaced with a 5-year adjustable rate mortgage if it yields a greater benefit as it is assumed more in demand) , $5,000 in an interest-bearing checking account, $10,000 in a one-year certificate account, and $2,500 in a money market account.
www.datatrac.net/memberbenefits
0.06
0.04
0.05
0.29
0.17
Regular savings, $1,000 balance
Share draft checking, $5,000 balance
Money Market Accounts
1 Year certificate $10,000 balance
Retirement (IRA) accounts
by Savings Account Type
New Hampshire Banks Your Credit Union
Savings Product Comparative Interest Rates (%)
2.99 2.99
8.65
3.382.75
3.13 3.00
8.99 8.99
4.645.08
10.73
3.463.01 3.35
3.98
12.12
13.41
60-month new car(A paper)
48-month used car(A paper)
Unsecured loan (Apaper)
5-year adjustablerate 1st mortgage,
0 pts
15-year fixed rate1st mortgage, 0
pts
30-year fixed rate1st mortgage, 0
pts
Home equity / 2ndmtg, 80% LTV 0 pts
Credit card -classic
Credit card -platinum
Your Credit Union New Hampshire Banks
by Loan Type
Loan Product Comparative Interest Rates (%)
$30.00 $30.79$35.00 $34.18
$1,340.20 $1,361.00
Bellwether Community Credit Union Area Banks
by Type
Share draft checking, NSF fee Credit cards, late fee Mortgages, closing costs
Comparative Fees
Rate at your Average Rate Rate DifferenceLoan Products Credit Union (%) * at Banks (%) * vs. Banks (%)60-month new car (A paper) 2.99 4.64 -1.6548-month used car (A paper) 2.99 5.08 -2.09Unsecured loan (A paper) 8.65 10.73 -2.085-year adjustable rate 1st mortgage, 0 pts 3.38 3.46 -0.0915-year fixed rate 1st mortgage, 0 pts 2.75 3.01 -0.2630-year fixed rate 1st mortgage, 0 pts 3.13 3.35 -0.23Home equity / 2nd mtg, 80% LTV 0 pts 3.00 3.98 -0.98Credit card - classic 8.99 12.12 -3.13Credit card - platinum 8.99 13.41 -4.42
Savings ProductsRegular savings, $1,000 balance 0.01 0.06 -0.05Share draft checking, $5,000 balance 0.01 0.04 -0.03Money Market Accounts 0.05 0.05 0.001 Year certificate $10,000 balance 0.50 0.29 0.21Retirement (IRA) accounts 0.28 0.17 0.11
Fee IncomeShare draft checking, NSF fee $30.00 $30.79 -$0.79Credit cards, late fee $35.00 $34.18 $0.82Mortgages, closing costs $1,340.20 $1,361.00 -$20.80
*Rates and fees as of 11/2/2020. Credit union rates provided by individual credit union, bank rates provided by Datatrac.
Interest Rates at Bellwether Community Credit Union
Banking Institutions in New Hampshireand
$96,563
$2,083,139
$97,043 $45,917$149,233 $146,296
$593,279
$343,976
Compared to Banking Institutions in Your State
YourCredit Union's Total L
by Loan Type
Your Credit Union's Total Loan Rate Benefits
-$37,139-$14,704
$1,007
$294,281
$36,221
Regular shares Share draft checking Money market accounts Certificate accounts Retirement (IRA) accounts
Compared to Banking Institutions in Your Stateby Account Type
Your Credit Union's Total Savings Dividend Benefits
$268
$225
$123 $117
$302 $301
$262
$156
$221
60-month new car(A paper)
48-month usedcar (A paper)
Unsecured loan (Apaper)
5-year adjustablerate 1st mortgage,
0 pts
15-year fixed rate1st mortgage, 0
pts
30-year fixed rate1st mortgage, 0
pts
Home equity / 2ndmtg, 80% LTV 0 pts
Credit card -classic
Credit card -platinum
Annual Member Benefit of Loan Products with Various Terms
Terms on loan products included are as follows:New Car: $30,000; Used Car: $20,000; Unsecured Loan: $10,000 (5 years)5 Year Adj: $200,000; 15 Year Fixed: $200,000; 30 Year Fixed: $200,000
Savings terms include:Regular Savings: $1,000 balance; Share Draft Checking: $5,000; Money Market Accounts: $2,500 balance; 1-Yr Certificates: $10,000
$0 $0 $0
$21
Regular savings, $1,000 balance Share draft checking, $5,000 balance Money Market Accounts 1 Year certificate $10,000 balance
Annual Member Benefit on Savings Products with Various Terms
RateAvg. Balance Difference Financial Benefit
at Your vs. New Hampshire to YourLoans Credit Union (1) Banks (%) (2) MembersNew car loans 5,845,216 -1.65 $96,563Used car loans 99,671,720 -2.09 $2,083,139Personal unsecured loans 4,656,569 -2.08 $97,0435-year adjustable rate 1st mortgage 52,178,341 -0.09 $45,91715-year fixed rate 1st mortgage 56,742,554 -0.26 $149,23330-year fixed rate 1st mortgage 63,884,502 -0.23 $146,296Home equity / 2nd mortgage loans 60,849,149 -0.98 $593,279Credit cards 9,968,164 -3.13 $343,976Interest rebates $0Total CU member benefits arising from lower interest rates on loan products: $3,555,446
SavingsRegular shares 79,019,114 -0.05 -$37,139Share draft checking 50,704,280 -0.03 -$14,704Money market accounts 100,650,520 0.00 $1,007Certificate accounts 139,469,797 0.21 $294,281Retirement (IRA) accounts 34,170,834 0.11 $36,221Bonus dividends in period $0Total CU member benefit arising from higher interest rates on savings products: $279,666
Fee IncomeTotal CU member benefit arising from fewer/lower fees: $22,453
Total CU member benefit arising from interest rates on loan and savings products and lower fees: $3,857,565
Total CU member benefit / member: $113Total CU member benefit / member household: $237
Source: Datatrac, NCUA, and CUNA(1) Average balance as of June 2020 and June 2019 according to the NCUA call report.(2) Rates and fees as of 11/2/2020. Credit union rates provided by individual credit union, bank rates provided by Datatrac.
Estimated Financial Benefits for Bellwether Community Credit Union
Credit unions generally provide financial benefits to members by charging less for loans, paying more on deposits and charging fewer/lower fees compared to banking institutions.
is hereby granted to:
Bellwether Community Credit Union
The Credit Union National Association has determined that Bellwether Community Credit Union provided $3,857,565 in direct financial benefits to its 34,200 members during the twelve months ending in June 2020. These benefits are equivalent to approximately $237 per member household.
Bellwether Community Credit Union provided loyal high-use member households $811 in direct financial benefits.
Demographic Information Jun 20 Jun 19Number of branches 3 3Total assets ($ mil) 521 528Total loans ($ mil) 347 366Total surplus funds ($ mil) 151 138Total savings ($ mil) 417 393Total members (thousands) 33 35
Growth Rates (Year-to-date)Total assets -1.2 % 3.9 %Total loans -5.4 % 3.5 %Total surplus funds 9.4 % 4.8 %Total savings 6.0 % 4.1 %Total members -6.1 % -4.0 %
Earnings - Basis Pts.Yield on total assets 332 381- Dividend/interest cost of assets 108 125+ Fee & other income 57 100- Operating expense 272 290- Loss Provisions 33 30= Net Income (ROA) -24 36
Capital adequacyNet worth / assets 9.7 9.6
Asset qualityDelinquencies / loans 0.4 0.4Net chargeoffs / average loans 0.3 0.4Total borrower-bankruptcies 27 18Bankruptcies per 1000 members 0.8 0.5
Asset/Liability ManagementLoans / savings 83.2 93.2Loans / assets 66.5 69.4Long-term assets / assets 46.7 40.1Core deposits/shares & borrowings 30.5 25.1
ProductivityMembers/potential members 0.9 6.0Borrowers/members 60.7 65.0Members/FTE 399 408Average shares/members ($) 12,576 11,142Average loan balances ($) 17,228 15,983Salary & Benefits/FTE 91,806 92,766
Bellwether Community Credit UnionPerformance Profile
www.datatrac.net/memberbenefits