BAY AREA
3Q 2021 Credit Union Snapshot

57 Locally Headquartered Credit Unions

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

Members: 2.69 million (5 percent increase)

• 120,000 new members
• Hit a record
• Up 63 percent from 1.64 million in 2010 (prior historical peak was 1.7 million in 2009)
  
  

Total Loans: $41.6 billion (2 percent increase)

• Increased 165 percent from $15.7 billion in 2010
• Hit a record (prior historical peak was $16.7 billion in 2008)
• 69 percent loan-to-deposit ratio (loaned out)
• *Percentage increases and/or decreases represent dollar amount changes
• **A small portion of total loans may be through “loan participations”
• ***Total loans do not include the much smaller sub-categories of: a) personal loans (including signature, secured, unsecured, line of credit, and emergency); b) “other” vehicle loans (including motorcycles, watercrafts, motor homes, trailers, boats, all-terrain vehicles, and utility task vehicles); and c) student loans
  
  
   

• First-mortgages: 2 percent increase
• Hit a record of $25.8 billion
  Increased 100 percent from $12.9 billion in 2014 (category has always risen since 2006)
   
• HELOCs/home equity loans (combined category): -12 percent decrease
• Declined from a record ($4.1 billion in 2018) to $3.2 billion (not seen since 2015)
• Increased 28 percent from $2.5 billion in 2013 (prior historical peak was $2.9 billion in 2008)
   
• New auto loans: -8 percent decrease
• Declined from a record ($4.3 billion in 2019) to $3.6 billion (not seen since 2017)
• Increased 261 percent from $1 billion in 2010 (prior historical peak was $2.4 billion in 2006)
   
• Used auto loans: 3 percent increase
• Hit a record of $3.7 billion
• Increased 141 percent from $1.5 billion in 2010 (prior historical peak was $2.3 billion in 2006)
   
• Credit card lending: 2 percent increase
• Declined from a record ($1.2 billion in 2019) to $1.1 billion (not seen since 2017)
• Increased 35 percent from $817 million in 2010 (prior historical peak was $834 million in 2009)
   
• Business loans: 15 percent increase
• Reached $2.8 billion (includes landlord real estate loans)
• Category has fluctuated greatly between 2006 – 2021 from $947 million – $2.8 billion

 

Total Deposits: $60 billion (10 percent increase)

• Increased 100 percent from $30 billion in 2013
  Hit a record (category has always risen from 2006 – 2021)
• ($71 billion in assets)
• *Percentage increases and/or decreases represent dollar amount changes
  
  
   

• Checking accounts (share drafts): 75 percent increase
• Hit a record of $10 billion
• Increased 129 percent from $4.4 billion in 2019 (prior historical peak was $4.9 billion in 2017)
   
• Savings accounts (regular shares): 0 percent change
• Remained at a record of $22.7 billion
• Increased 100 percent from $11.35 billion in 2013 (category has always risen since 2006)
   
• Money market accounts: 18 percent increase
• Hit a record of $16 billion
• Increased 96 percent from $8.2 billion in 2013 (category has almost always risen from 2006 – 2021)
   
• Certificates of deposit: -14 percent decrease
• Declined from a record ($9.8 billion in 2020) to $8.5 billion (not seen since 2019)
• Increased 73 percent from $4.9 billion in 2013 (prior historical peak was $7.5 billion in 2007)
   
• IRA/Keogh accounts: -1 percent decrease
• Declined from an intermittent peak ($2.1 billion in 2020) to $2 billion (not seen since 2018)
• Increased 3 percent from $1.95 billion in 2015 (record high was $2.3 billion in 2011)

 

Operations: $354 million spent

Quarterly monies spent on employee payroll, benefits, property, office equipment, occupancy, and vendor contracts (estimated annual figure is $1.4 billion)

• About 6,160 individuals were employed (1 percent increase)