Financial Statements
Financial Statement made up of Assets, Liabilities and Net Worth
What is a Balance Sheet?
The original name of Del-One Federal Credit Union
What is Delaware Highway Federal Credit Union?
A strategy lever composed of employee salaries, office operations, office occupancy, loan servicing, etc.
The risk that the credit union might not have sufficient cash to repay depositors, fund lines of credit, or make new loans.
What is liquidity risk?
The Crown
Ron
An accumulation of all of the profit that the credit union has made since its inception, otherwise known as your rainy day fund
What is Net Worth?
The original year Del-One Federal Credit Union began
What is 1960?
When money is set aside in the income statement for bad loans
What is the Provision for Loan Losses (PLL)?
The risk that market interest rates may change impacting the credit union's ability to generate earnings/net income
What is interest rate risk?
Deadliest Catch
Bill
This generates the most income for the credit union
What are loans?
~$575 Million
What is the total asset size of Del-One Federal Credit Union? (June Call Report)
This strategy lever is comprised of expenses such as Dividends and Borrowing Expenses
What is Cost of Funds?
Despite historically low rates, these loans are in high demand and can provide earnings protections if rates stay low for a long time
What are mortgages?
The Marvelous Mrs Maisel
Kellie
The amount of earnings the credit union makes over the average assets of the credit union
What is Return on Assets (ROA)?
~72,000
What is the number of members for Del-One Federal Credit Union? (June Call Report)
Examples of this lever include interchange income, NSF fees, and warranty income
What is Fee and Other Income?
Well-capitalized according to the NCUA
What is net worth ratio of 7%?
Criminal Minds
Steve
This happens when asset growth outpaces net income/earnings
What is lower net worth ratio?
231176554
What is Del-One Federal Credit Union's routing number?
This strategy lever has been hit hard by falling interest rates
What is Yield on Assets?
Having too much in this asset can help if rates were to rise, but can really hurt if rates stay low
What is overnights/cash?
Longmire
Jerry