BAY AREA

57 Locally Headquartered Credit Unions

Six counties include: San Francisco, San Mateo, Santa Clara, Alameda, Contra Costa and Marin
 

Members: 2.6 million (5 percent increase)

• 80,000 new members
• Hit a record
• Up 56 percent from 1.64 million in 2010 (yearly membership has almost always risen from 2005 – 2020)
   

Loans: $40.7 billion (3 percent increase)

• Increased 159 percent from $15.7 billion in 2010
• Hit a record (last historical peak was $16.5 billion in 2009)
• 74 percent loan-to-deposit ratio (loaned out)
• *A small portion of total loans may be through “loan participations”
• **Total loans do not include the much smaller sub-categories of personal loans, student loans, and “other” loans

• First-mortgages: 4 percent increase
• Hit a record of $25.3 billion
• Increased 192 percent from $8.6 billion in 2010 (category has always risen since 2005)
   
• HELOCs/home equity loans (combined category): -9 percent decrease
• Dropped from a record ($4 billion in 2019) to $3.6 billion (not seen since 2016)
• Increased 45 percent from $2.5 billion in 2013 (prior historical peak was $2.9 billion in 2008)
   
• New auto loans: -8 percent decrease
• Dropped from a record ($4.3 billion in 2019) to $3.9 billion (not seen since 2018)
• Increased 293 percent from $1 billion in 2010 (last historical peak was $2.3 billion in 2007)
   
• Used auto loans: -1 percent decrease
• Remained near a record of $3.63 billion
• Increased 133 percent from $1.5 billion in 2010 (last historical peak was $2.3 billion in 2006)
   
• Credit card lending: -12 percent decrease
• Dropped from a record ($1.2 billion in 2019) to $1.1 billion (not seen since 2017)
• Increased 91 percent from $570 million in 2005 (category has almost always risen from 2005 – 2020)
   
• Business loans: 6 percent increase
• Hit a record at $2.5 billion (includes landlord real estate loans)
• Category has fluctuated greatly between 2005 – 2020 from $872 million – $2.5 billion

 

Deposits: $54.7 billion (16 percent increase)

• Increased 129 percent from $24 billion in 2010
• Hit a record (category has always risen from 2005 – 2020)
• ($65.9 billion in assets)

• Checking accounts (share drafts): 30 percent increase
• Hit a record of $5.7 billion
• Increased 30 percent from $4.4 billion in 2019 (last historical peak was $4.9 billion in 2017)
   
• Savings accounts (regular shares): 20 percent increase
• Hit a record of $22.6 billion
• Increased 276 percent from $6 billion in 2006 (category has always risen since 2005)
   
• Money market accounts: 13 percent increase
• Hit a record of $13.6 billion
• Increased 302 percent from $3.4 billion in 2006 (last historical peak was $3.7 billion in 2005)
   
• Certificates of deposit: 9 percent increase
• Hit a record of $9.8 billion
• Increased 101 percent from $4.8 billion in 2013 (last historical peak was $7.5 billion in 2007)
   
• IRA/Keogh accounts: 2 percent increase
• Nearing a previous amount not seen since 2013 ($2.1 billion)
• Increased 7 percent from $1.9 billion in 2015 (historical peak was $2.3 billion in 2011)

 

Operations: $408 million spent

Quarterly monies spent on employee payroll, benefits, property, office equipment, occupancy, and vendor contracts (estimated annual figure is $1.6 billion)

• About 6,120 individuals were employed (0 percent increase)