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The Financial Modeller
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Banking and lending

Credit union financial model, built free.

A three-statement Excel model for a credit union, mutual bank or building society, built from your own figures and checked to balance.

  • Free account
  • No card
  • Usually ready within the hour

We use generative AI in parts of our process, so mistakes can occur. Every model should be checked by a person before it is relied on. Read more

The business

Member-owned deposit-taker lending mainly home loans funded by member deposits, with capital built only from retained profits (and mutual capital instruments), no ordinary dividends, and growth often through mergers with other mutuals.

What it covers

In short

  • 01

    Three linked statements

    Income statement, balance sheet and cash flow, linked in every period.

  • 02

    Valuation built in

    Choose from 7 methods, from discounted cash flow to precedent deals.

  • 03

    Monthly to annual

    Monthly, quarterly, half-yearly or annual periods, for up to 30 years.

  • 04

    Checked every period

    A Checks sheet shows the balance sheet balances and the cash reconciles.

What it covers

12 parts, each one tested.

Every part is a tested building block with its own checks: yours is put together from the ones your business needs.

  • Loan origination and runoffGross loans rolled forward from new lending, scheduled repayments, prepayments and write-offs.
  • Loan yield and interest incomeInterest income earned on each portfolio from its yield, repricing and fees.
  • Lending fees and chargesFee income on a loan portfolio — establishment and application fees, monthly account fees, line and commitment fees on undrawn limits, late and default fees, discount and service fees on invoice finance, and early repayment charges.
  • Origination and acquisition costsCosts of winning each loan — broker upfront and trail commissions, dealer incentives, credit bureau, verification, valuation and settlement costs — expensed or deferred into the loan's effective yield.
  • Expected credit loss and write-offsCredit loss expense, the expected credit loss allowance held against loans, and write-offs.
  • Deposit growth and mixCustomer deposit balances by product and the interest paid on them.
  • Wholesale funding and liquid assetsWholesale borrowings that fund the gap between assets and deposits plus equity, the liquid assets held for regulatory liquidity, and the interest on both.
  • Fee and commission incomeNon-interest income from account, lending, card, trade and wealth fees.
  • Risk-weighted assetsCredit risk-weighted assets for each loan portfolio.
  • Capital adequacy (CET1)Common equity tier 1 capital, total risk-weighted assets and capital ratios, and the surplus available for dividends or the shortfall to be raised.
  • Liquidity ratios (LCR and NSFR)Regulatory liquidity ratios computed from the forecast balance sheet — the liquidity coverage ratio and the net stable funding ratio, or simpler liquidity holdings for small banks.
  • Lender and bank key metricsNet interest margin, spread, cost-to-income ratio, loss rate and returns for banks and lenders, and their drivers.
Key numbers

The numbers it tracks.

  1. 01net interest margin
  2. 02loan growth
  3. 03deposit growth
  4. 04cost-to-income ratio
  5. 05capital ratio
  6. 06minimum liquidity holdings
  7. 07member numbers
  8. 08return on assets
Used for

What it is used for.

Also used for
  • Scenarios and sensitivities
Related models

More in banking and lending.

Every financial services model

Looking for a credit union financial model template? Ours arrives built for your business, with your figures in it.

See a finished model, sheet by sheet

The sample is built on illustrative figures and describes no real business. Models are calculations prepared from the information you provide. They are not financial advice and must be independently verified. See our terms.