CFCU’s net capital ratio of
12.30% at November 2008
is more than the “Well
Capitalized” level of 7.00%
as defined by the NCUA
(credit union regulators).
Our net capital ratio has
grown 23% year-to-date
through November 30, 2008
reflecting CFCU’s financial
strength.
CFCU’s asset growth was
19.4% year-to-date through
November 30, 2008. This
reflects our members’ trust
in CFCU.
CFCU’s growth far exceeds
the credit union industry
average of about 7.0%
and bank average of about
3.60% unannualized through
September 2008.
CFCU’s real estate loan 60-day
delinquency ratio is 0.5%
compared with commercial
banks’ delinquency rate of
5.1%. This reflects our
prudence in underwriting
our loans. Unlike others, CFCU
did not make any subprime,
option adjustable rate, or
no-documentation mortgages.
Chevron Federal Credit Union
ASSET GROWTH
25.00%
20.00%
15.00%
10.00%
5.00%
0.00%
12.4%
Dec-06
9.5%
Dec-07
19.4%
YTD 2008
Unannualized
NET CAPITAL RATIO
14.00%
12.00%
10.00%
8.00%
6.00%
4.00%
2.00%
0.00%
10.7%
Dec-06
Dec-07
YTD 2008
10.0%
12.3%
NCUA
“Well
Capitalized”
Level
RESIDENTIAL REAL ESTATE LOANS
60 DAY DELINQUENCY
6.00%
3.0%
5.1%
0.5%
0.0%
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
Dec-07
Sep-08
Nov-08
Commercial Banks
CFCU
* Bank delinquency data comes from www.federalreserve.gov/all statistical data/delinquency
rates for all-SA banks
Bank data available only as of quarter end
Chevron Federal Credit Union (CFCU) is a conservative, not-for-profit organization and does not offer
products that could potentially put our members' financial safety at risk. Our members work hard for
their money and we believe that protecting our members’ trust and share deposits is critical to our
success. As the following graphs show, CFCU has been able to maintain a position of financial strength,
watch its assets grow, and has an incredibly low real estate loan delinquency rate.