Page 18 - US Market Performance Report 1Q 2018

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The Fed’s short term rate change decisions are based on many factors, like accelerating in ation, full employment and rapidly rising GDP. As of this writing, the Fed has indicated a willingness to continue raising short term interest rates.
The table below shows the average interest rate survey results compiled by the NCUA quarterly.
This data shows the trough for most credit union rates was in the 2013 to 2014 period, with a few exceptions, most notably car loans in the 3rd quarter 2015.
The biggest credit union rate increases as of March 2018 are for the 3, 6, 12 and 24 month CDs. The regular share rate has barely increased from its trough level.
On the lending side, the largest proportionate rate increases have been for 1st TD mortgage loans.
Credit unions have their biggest rate advantage over banks with car loans, term CDs and MMA.
Comparison of Average Savings, Deposits and Loan Rates SOURCE: NCUA
https://www.ncua.gov/analysis/Pages/industry/credit-union-bank-rates.aspx
CREDIT UNIONS VS BANKS SPREAD Annual Averages (%)
2010
2011
2012
2013
2014
CU's Banks DIFF
CU's Banks DIFF
CU's Banks DIFF
CU's Banks DIFF
CU's Banks DIFF
Regular Savings Checking
MMA
CD
Credit Card
0.328 0.243 0.445 1.633
11.665
0.245 0.180 0.273 1.358
12.528
0.083 0.063 0.173 0.275
-0.863
0.238 0.178 0.298 1.215
11.630
0.185 0.135 0.193 0.964
13.303
0.053 0.043 0.105 0.251
-1.673
0.178 0.120 0.210 0.896
11.500
0.098 0.068 0.105 0.572
12.293
0.080 0.053 0.105 0.325
-0.792
0.143 0.100 0.173 0.765
11.383
0.098 0.070 0.100 0.531
12.323
0.045 0.030 0.073 0.234
-0.940
0.130 0.100 0.158 0.774
11.565
0.125 0.090 0.120 0.662
12.858
0.005 0.010 0.038 0.112
-1.293
Used Car Loan New Car Loan
4.734 6.325 -1.591 4.601 5.848 -1.246
3.871 5.584 -1.713 3.768 5.138 -1.370
3.198 4.800 -1.603 3.095 4.398 -1.303
2.879 4.929 -2.050 2.786 4.481 -1.695
2.780 5.325 -2.545 2.701 4.869 -2.168
Home Loan 4.272 4.381 -0.109 3.812 3.797 0.015 3.283 3.268 0.015 3.444 3.513 -0.070 3.420 3.626 -0.206 Home Equity Loan 5.115 5.761 -0.646 4.911 5.443 -0.531 4.701 5.669 -0.968 4.493 5.213 -0.720 4.325 4.794 -0.469
As of March 2018
2015
2016
2017
2018
Regular Savings Checking
MMA
CD
Credit Card
CU's Banks DIFF
CU's Banks DIFF
CU's Banks DIFF
CU's Banks 0.140 0.140 0.100 0.110 0.210 0.150 1.162 0.940
11.660 13.090
DIFF 0.000 -0.010 0.060 0.222
-1.430
0.130 0.100 0.160 0.833
11.643
0.120 0.090 0.120 0.688
12.653
0.010 0.010 0.040 0.145
-1.010
0.130 0.100 0.168 0.881
11.543
0.120 0.090 0.120 0.708
12.683
0.010 0.010 0.048 0.174
-1.140
0.133 0.100 0.183 0.989
11.583
0.128 0.098 0.135 0.803
12.895
0.005 0.003 0.048 0.187
-1.313
Used Car Loan New Car Loan
2.720 5.141 -2.421 2.644 4.699 -2.055
2.735 5.065 -2.330 2.665 4.628 -1.963
2.868 5.099 -2.231 2.788 4.665 -1.878
3.015 5.155 -2.140 2.950 4.740 -1.790
Home Loan
Home Equity Loan
3.325 3.513 -0.188 4.225 4.683 -0.458
3.243 3.466 -0.224 4.241 4.679 -0.437
3.470 3.667 -0.197 4.425 4.886 -0.461
3.836 3.954 -0.118 4.635 5.045 -0.410
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