Credit Union Annual Report 2021 V2 - Flipbook - Page 62
THE CAYMAN ISLANDS CIVIL SERVICE ASSOCIATION (CICSA)
CO-OPERATIVE CREDIT UNION LIMITED
NOTES TO FINANCIAL STATEMENTS (continued)
July 31, 2021
5. Mortgages and personal loans (continued)
Stage 1
12-month
ECL
Personal loans
Loss allowance as at August 1, 2020
Transfers:
Transfer from Stage 1 to Stage 2
Transfer from Stage 1 to Stage 3
Transfer from Stage 2 to Stage 1
Transfer from Stage 2 to Stage 3
Transfer from Stage 3 to Stage 1
Transfer from Stage 3 to Stage 2
New financial assets originated or
purchased
Financial assets fully derecognized
during the period
Loans fully written off
Changes to inputs used in ECL
calculation
Loss allowance as at July 31, 2021
$
203,215 $
2,460 $
Originated
creditimpaired
1,070,158 $
– $
Total
1,275,833
7,572
–
(999)
(694)
–
14,042
–
4,362
–
694
(22,035)
(14,042)
–
–
–
–
–
–
–
–
–
–
–
–
11,670
13,058
16,480
–
41,208
(76,783)
(347,774)
–
–
(110,965)
(347,774)
160,233
791,293
–
–
84,437
942,739
(245)
–
(126,605)
65,443
50,809
86,003
Stage 1
12-month
ECL
$
Stage 3
Lifetime
ECL
(7,572)
(4,362)
999
–
22,035
–
(33,937)
–
Personal loans
Loss allowance as at August 1, 2019
Transfers:
Transfer from Stage 1 to Stage 2
Transfer from Stage 1 to Stage 3
Transfer from Stage 2 to Stage 1
Transfer from Stage 2 to Stage 3
Transfer from Stage 3 to Stage 1
New financial assets originated or
purchased
Financial assets fully derecognized
during the period
Loans fully written off
Changes to inputs used in ECL
calculation
Loss allowance as at July 31, 2020
Stage 2
Lifetime
ECL
Stage 2
Lifetime
ECL
126,520 $
(103)
(1,346)
9,705
–
19,652
53,570 $ 1,132,417
103
–
(9,705)
(21,463)
–
26,068
537
(20,291)
(30)
(7,049)
–
43,040
203,215
(13,533)
2,460
- 27 -
Stage 3
Lifetime
ECL
Originated
creditimpaired
$
– $
Total
1,312,507
–
1,346
–
21,463
(19,652)
–
–
–
–
–
–
–
–
–
–
17,167
–
43,772
(68,529)
(140,808)
–
–
(95,869)
(140,838)
126,754
1,070,158
–
–
156,261
1,275,833