Navy Federal Credit Union 2013 Annual Report Download - page 36
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Navy Federal Credit Union • 2013 Financial Section
16
2013 ANNUAL REPORT
The composition of Navy Federal’s loans to members as of December 31, 2013 and 2012 was as follows:
(dollars in thousands)
Auto $ 8,395,078 $ 6,868,357
Unamortized cost 13,006 13,861
Other (1) 2,986,774 2,590,064
Checking lines of credit (CLOC) 312,569 273,888
Federal education loans 356,545 399,303
Credit card loans 8,127,484 6,801,251
Mortgage loans
Mortgage Loan Investments (MLI)
Fixed rate 16,148,371 13,652,956
Variable rate 936,162 492,450
In process 5,425 182
Unamortized deferred income (111,287) (84,295)
Fixed rate 496,257 1,379,681
In process 5,890 (55)
Unrealized gains/losses 5,801 63,242
Fixed equity 1,782,059 2,085,339
Unamortized cost 3,142 4,031
Home equity lines of credit 655,803 712,064
Unamortized cost 5,465 4,809
Total loans to members
Less: Allowance for loan losses 639,239 634,227
Total loans to members, net of allowance for loan losses $ $
(1) Includes non-auto consumer loans such as personal expense, consolidation, and home improvement loans.