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 (3 percent increase)

• 80,000 new members
• Hit a record
• Up 59 percent from 1.63 million in 2010 (yearly membership has almost always risen from 2005 – 2020)
   

Loans: $40.7 billion (1 percent increase)

• Increased 160 percent from $15.6 billion in 2010
• Hit a record (last historical peak was $16.9 billion in 2008)
• 72 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: 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: 1 percent increase
• Hit a record of $25.1 billion
• Increased 185 percent from $8.8 billion in 2010 (category has always risen since 2005)
   
• HELOCs/home equity loans (combined category): -12 percent decrease
• Dropped from a record ($4.2 billion in 2018) to $3.5 billion (not seen since 2016)
• Increased 39 percent from $2.5 billion in 2012 (prior historical peak was $2.9 billion in 2008)
   
• New auto loans: -10 percent decrease
• Dropped from a record ($4.3 billion in 2019) to $3.9 billion (not seen since 2017)
• Increased 326 percent from $915 million in 2010 (last historical peak was $2.4 billion in 2006)
   
• Used auto loans: -1 percent decrease
• Remained near a record of $3.6 billion
• Increased 140 percent from $1.5 billion in 2010 (last historical peak was $2.1 billion in 2006)
   
• Credit card lending: -12 percent decrease
• Dropped from a record ($1.3 billion in 2019) to $1.1 billion (not seen since 2017)
• Increased 80 percent from $613 million in 2005 (category has almost always risen from 2005 – 2020)
   
• Business loans: 7 percent increase
• Reached $2.6 billion (includes landlord real estate loans)
• Category has fluctuated greatly between 2005 – 2020 from $904 million – $2.6 billion

 

Deposits: $56.5 billion (17 percent increase)

• Increased 134 percent from $24 billion in 2010
• Hit a record (category has always risen from 2005 – 2020)
• ($66.8 billion in assets)

• Checking accounts (share drafts): 43 percent increase
• Hit a record of $6.3 billion
• Increased 43 percent from $4.4 billion in 2019 (last historical peak was $5 billion in 2017)
   
• Savings accounts (regular shares): 24 percent increase
• Hit a record of $23.7 billion
• Increased 304 percent from $5.9 billion in 2006 (category has nearly always risen since 2005)
   
• Money market accounts: 15 percent increase
• Hit a record of $14.1 billion
• Increased 332 percent from $3.3 billion in 2006 (last historical peak was $3.6 billion in 2005)
   
• Certificates of deposit: 1 percent increase
• Hit a record of $9.6 billion
• Increased 96 percent from $4.9 billion in 2013 (last historical peak was $7.7 billion in 2007)
   
• IRA/Keogh accounts: 3 percent increase
• Nearing a previous amount not seen since 2013 ($2.1 billion)
• Increased 7 percent from $2 billion in 2015 (record high was $2.3 billion in 2009)

 

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 6,150 individuals were employed (0 percent change)