BAY AREA
2Q 2022 Credit Union Snapshot

52 Locally Headquartered Credit Unions

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

Members: 2.7 million (3 percent increase)

• 68,000 new members
• Hit a record (prior historical peak was 1.7 million in 2009)
  
  

Total Loans: $47 billion (15 percent increase)

• Hit a record (prior historical peak was $17 billion in 2009)
• 76 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: 14 percent increase
• Hit a record of $26 billion (prior historical peak was $4.5 billion in 2008)
   
• HELOCs/home equity loans (combined category): 16 percent increase
• Reached $3.7 billion
• Record high was $4.1 billion in 2019
   
• New auto loans: 9 percent increase
• Reached $4 billion
• Record high was $4.2 billion in 2019
   
• Used auto loans: 12 percent increase
• Hit a record of $4.1 billion (prior historical peak was $2.1 billion in 2008)
   
• Credit card lending: 13 percent increase
• Hit a record of $1.3 billion (prior historical peak was $1.2 billion in 2019)
   
• Business loans: 19 percent increase
• Reached $2.2 billion (includes landlord real estate loans)
• Category has fluctuated greatly between 2007 – 2021 from $429 million – $2.2 billion

 

Total Deposits: $62 billion (5 percent increase)

• Hit a record
• Category has always risen since 2007
• ($73.3 billion in assets)
• *Percentage increases and/or decreases represent dollar amount changes
  
  
   

• Checking accounts (share drafts): 14 percent increase
• Hit a record of $11 billion (prior historical peak was $4.8 billion in 2017)
   
• Savings accounts (regular shares): 10 percent increase
• Hit a record of $24 billion
• Category has always risen since 2007
   
• Money market accounts: 4 percent increase
• Hit a record of $16.2 billion
• Category has always risen since 2007
   
• Certificates of deposit: -15 percent decrease
• Declined to $7.5 billion
• Record high was $9.8 billion in 2020
   
• IRA/Keogh accounts: -11 percent decrease
• Declined to $1.8 billion
• Record high was $2.3 billion in 2011

 

Operations: $503 million spent

Quarterly monies spent on employee payroll, benefits, property, office equipment, occupancy, and vendor contracts (estimated annual figure is $2 billion)

• About 6,360 individuals were employed (4 percent increase)