BAY AREA

58 Locally Headquartered Credit Unions

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

Members: 2.56 million (5 percent increase)

• 114,000 new members
• Hit a record
• Up 55 percent from 1.65 million in 2010 (yearly membership has almost always risen from 2005 – 2020)
   

Loans: $40.9 billion (5 percent increase)

• Increased 157 percent from $15.9 billion in 2010
• Hit a record (last historical peak was $16.7 billion in 2009)
• 77 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: 9 percent increase
• Hit a record of $25.6 billion
• Increased 195 percent from $8.7 billion in 2010 (category has always risen since 2005)
   
• HELOCs/home equity loans (combined category): 10 percent decrease
• Dropped from a record ($4.1 billion in 2019) to $3.6 billion (not seen since 2017)
• Increased 49 percent from $2.45 billion in 2013 (prior historical peak was $2.9 billion in 2009)
   
• New auto loans: 4 percent decrease
• Dropped from a record ($4.2 billion in 2019) to $4 billion (not seen since 2018)
• Increased 290 percent from $1 billion in 2012 (last historical peak was $2.4 billion in 2007)
   
• Used auto loans: 0 percent change
• Remained at a record of $3.6 billion
• Increased 130 percent from $1.6 billion in 2011 (last historical peak was $2.1 billion in 2006)
   
• Credit card lending: 9 percent decrease
• Dropped from a record ($1.2 billion in 2019) to $1.1 billion (not seen since 2018)
• Increased 100 percent from $553 million in 2005 (category has almost always risen from 2005 – 2020)
   
• Business loans: 0 percent change
• Remained near a record at $2.5 billion (includes landlord real estate loans)
• Category has fluctuated greatly between 2005 – 2020 from $826 million – $2.6 billion

 

Deposits: $53 billion (15 percent increase) 

• Increased 122 percent from $24 billion in 2010
• Hit a record (category has always risen from 2005 – 2020)
• ($64.7 billion in assets)

• Checking accounts (share drafts): 15 percent increase
• Hit a record of $5.3 billion
• Increased 208 percent from $1.7 billion in 2008 (last historical peak was $2.2 billion in 2005)

• Savings accounts (regular shares): 17 percent increase
• Hit a record of $22 billion
• Increased 266 percent from $6 billion in 2007 (last historical peak was $6.2 billion in 2006)

• Money market accounts: 13 percent increase
• Hit a record of $13.1 billion
• Increased 287 percent from $3.4 billion in 2006 (last historical peak was $3.7 billion in 2005)

• Certificates of deposit: 16 percent increase
• Hit a record of $9.9 billion
• Increased 103 percent from $4.8 billion in 2015 (last historical peak was $7.5 billion in 2007)

• IRA/Keogh accounts: 2 percent increase
• Nearing a previous amount not seen since 2014 ($2.1 billion)
• Increased 5 percent from $2 billion in 2016 (historical peak was $2.3 billion in 2011)

 

Operations: $353 million spent

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

• About 6,190 individuals were employed (3 percent increase)