PackageTrendsPeer
Letter portraitLegal landscape

Workforce Employees Credit Union

Salt Lake Cy, UT · Charter 66986

Q1 2014

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2014, the quarter ended March 31, 2014, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: NCUA 5300 Call Report, as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-10

Workforce Employees Credit Union

Salt Lake Cy, UT · Charter 66986

Q1 2014

$20.9MAssets
$11.1MLoans
$18.9MShares
$1.9MNet Worth

NIM

NIM decomposition not available for credit unions

Non-interest income vs. expense

Non-interest trend not available for credit unions

Executive Summary

  • Earnings: ROA of 0.03%, up 24 bps year over year; NIM at 2.91%.
  • Asset quality: problem loans at 0.61% of loans (-30 bps YoY).
  • Capital: net worth / assets of 9.08%, down 20 bps from a year ago.
  • Funding: loans stand at 58.84% of shares as of Q1 2014.

Financial Results

Return on Assets (YTD, annualized)

0.03%+24 bps YoY

Net Interest Margin (YTD, annualized)

2.91%-18 bps YoY

Efficiency Ratio (YTD, annualized)

78.25%-889 bps YoY

Net Worth / Assets

9.08%-20 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014YoY ΔTrend
Earnings
Return on Assets-0.21%-0.17%-0.21%0.02%0.03%+24 bps
Return on Equity-2.29%-1.80%-2.26%0.19%0.29%+258 bps
Net Interest Margin3.10%3.05%3.06%3.11%2.91%-18 bps
Efficiency Ratio87.15%87.13%87.34%84.90%78.25%-889 bps
Growth
Asset Growth (YoY)-1.35%-1.47%-4.36%-1.83%3.03%+438 bps
Loan Growth (YoY)-7.43%-12.83%-6.42%-1.36%3.00%+1,044 bps
Share Growth (YoY)-0.86%-1.10%-4.63%-1.95%3.39%+426 bps
Asset Quality
Delinquent Loans / Loans0.91%0.95%0.87%0.89%0.61%-30 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans1.50%1.45%1.65%1.36%1.57%+7 bps
Capital
Risk-Based Capital9.28%9.27%9.34%9.65%9.08%-20 bps
Net Worth / Assets9.28%9.27%9.34%9.65%9.08%-20 bps
Liquidity & Funding
Loans / Shares59.06%56.11%60.40%63.34%58.84%-22 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps