BAY AREA
4Q 2021 Credit Union Snapshot

55 Locally Headquartered Credit Unions

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

Members: 2.7 million (4 percent increase)

• 115,000 new members
• Hit a record
• Up 66 percent from 1.63 million in 2010 (prior historical peak was 1.7 million in 2008)
  
  

Total Loans: $42.8 billion (5 percent increase)

• Increased 174 percent from $15.6 billion in 2010
• Hit a record (prior historical peak was $16.9 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: 6 percent increase
• Hit a record of $26.4 billion
• Increased 100 percent from $13.2 billion in 2014 (category has always risen since 2006)
   
• HELOCs/home equity loans (combined category): -8 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 2012 (prior historical peak was $2.9 billion in 2008)
   
• New auto loans: -7 percent decrease
• Declined from a record ($4.3 billion in 2019) to $3.6 billion (not seen since 2017)
• Increased 297 percent from $914 million in 2010 (prior historical peak was $2.4 billion in 2006)
   
• Used auto loans: 6 percent increase
• Hit a record of $3.8 billion
• Increased 154 percent from $1.5 billion in 2010 (prior historical peak was $2.1 billion in 2006)
   
• Credit card lending: 5 percent increase
• Declined from a record ($1.3 billion in 2019) to $1.2 billion (not seen since early 2019)
• Increased 40 percent from $827 million in 2010 (prior historical peak was $860 million in 2009)
   
• Business loans: 19 percent increase
• Reached $3 billion (includes landlord real estate loans)
• Category has fluctuated greatly between 2006 – 2021 from $1 billion – $3 billion

 

Total Deposits: $62 billion (8 percent increase)

• Increased 100 percent from $31 billion in 2014
• Hit a record (category has always risen since 2006)
• ($72 billion in assets)
• *Percentage increases and/or decreases represent dollar amount changes
  
  
   

• Checking accounts (share drafts): 65 percent increase
• Hit a record of $10.3 billion
• Increased 136 percent from $4.4 billion in 2019 (prior historical peak was $5 billion in 2017)
   
• Savings accounts (regular shares): -1 percent decrease
• Declined from a record ($23.6 billion in 2020) to $23.4 billion (not seen since early 2020)
• Increased 100 percent from $11.7 billion in 2013 (category has always risen since 2006)
   
• Money market accounts: 18 percent increase
• Hit a record of $16.6 billion
• Increased 100 percent from $8.3 billion in 2013 (category has always risen since 2006)
   
• Certificates of deposit: -15 percent decrease
• Declined from a record ($9.6 billion in 2020) to $8.1 billion (not seen since 2019)
• Increased 67 percent from $4.9 billion in 2013 (prior historical peak was $7.7 billion in 2007)
   
• IRA/Keogh accounts: -3 percent decrease
• Declined from an intermittent peak ($2.1 billion in 2020) to $2 billion (not seen since 2019)
• Increased 5 percent from $1.95 billion in 2015 (record high was $2.2 billion in 2011)

 

Operations: $375 million spent

Quarterly monies spent on employee payroll, benefits, property, office equipment, occupancy, and vendor contracts (estimated annual figure is $1.5 billion)

• About 6,190 individuals were employed (1 percent increase)