Credit Union Annual Report 2022 - Flipbook - Page 64
THE CAYMAN ISLANDS CIVIL SERVICE ASSOCIATION (CICSA)
CO-OPERATIVE CREDIT UNION LIMITED
NOTES TO FINANCIAL STATEMENTS (continued)
July 31, 2022
5. Mortgages and personal loans (continued)
Stage 1
12-month
ECL
Personal loans
Loss allowance as at August 1, 2021
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 year
$
Loans fully written off, net of recoveries
Changes to inputs used in ECL
calculation
Loss allowance as at July 31, 2022
Loans fully written off, net of recoveries
Changes to inputs used in ECL
calculation
Loss allowance as at July 31, 2021
$
86,003
$
Originated
creditimpaired
791,293 $
– $
Total
942,739
70,366
–
(665)
(58,236)
1,508
–
–
120,121
–
58,236
(1,508)
(15)
–
–
–
–
–
–
–
–
–
–
–
–
26,873
6,575
14,972
–
48,420
–
(6,665)
–
(10,959)
(797,354)
(545,573)
–
–
(797,354)
(563,197)
(6,017)
88,575
576,710
216,882
–
–
759,007
389,615
Stage 1
12-month
ECL
$
Stage 3
Lifetime
ECL
(70,366)
(120,121)
665
–
–
15
188,314
84,158
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 year
65,443
Stage 2
Lifetime
ECL
Stage 2
Lifetime
ECL
203,215 $
2,460 $
Stage 3
Lifetime
ECL
Originated
creditimpaired
1,070,158 $
– $
Total
1,275,833
(7,572)
(4,362)
999
–
22,035
–
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
(33,937)
–
(245)
–
(126,605)
65,443
50,809
86,003
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