BAY AREA
1Q 2021 Credit Union Snapshot

57 Locally Headquartered Credit Unions

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

 

Members: 2.63 million (4 percent increase)

• 91,200 new members
• Hit a record
• 58 percent from 1.66 million in 2010 (last historical peak was 1.7 million in 2009)
   

Loans: $40.3 billion (0 percent change)

• Increased 152 percent from $16 billion in 2010
• Remained near a record (last historical peak was $16.8 billion in 2009)
• 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: -1 percent decrease
• Declined from a record ($25 billion in 2020) to $24.7 billion (not seen since late 2019)
• Increased 186 percent from $8.6 billion in 2010 (category has always risen since 2006)
   
• HELOCs/home equity loans (combined category): -14 percent decrease
• Declined from a record ($4.1 billion in 2019) to $3.3 billion (not seen since 2015)
• Increased 35 percent from $2.4 billion in 2013 (prior historical peak was $2.9 billion in 2009)
   
• New auto loans: -11 percent decrease
• Declined from a record ($4.2 billion in 2020) to $3.7 billion (not seen since 2018)
• Increased 268 percent from $1 billion in 2012 (last historical peak was $2.4 billion in 2007)
   
• Used auto loans: -1 percent decrease
• Remained near a record at $3.6 billion
• Increased 129 percent from $1.6 billion in 2011 (last historical peak was $2.1 billion in 2006)
   
• Credit card lending: -12 percent decrease
• Declined from a record ($1.2 billion in 2020) to $1.06 billion (not seen since 2017)
• Increased 78 percent from $598 million in 2006 (category has almost always risen from 2006 – 2021)
   
• Business loans: 7 percent increase
• Reached $2.6 billion (includes landlord real estate loans)
• Category has fluctuated greatly between 2006 – 2021 from $920 million – $2.6 billion

 

Deposits: $58.6 billion (18 percent increase)

• Increased 145 percent from $24 billion in 2010
• Hit a record (category has always risen from 2006 – 2021)
• ($69 billion in assets)
• *Percentage increases and/or decreases represent dollar amount changes

• Checking accounts (share drafts): 44 percent increase
• Hit a record of $6.6 billion
• Increased 43 percent from $4.6 billion in 2020 (last historical peak was $5.3 billion in 2018)
   
• Savings accounts (regular shares): 25 percent increase
• Hit a record of $24.8 billion
• Increased 308 percent from $6.1 billion in 2007 (last historical peak was $6.4 billion in 2006)
   
• Money market accounts: 21 percent increase
• Hit a record of $15 billion
• Increased 324 percent from $3.5 billion in 2007 (last historical peak was $3.6 billion in 2006)
   
• Certificates of deposit: -6 percent decrease
• Declined from a record ($10 billion in 2020) to $9.4 billion (not seen since 2019)
• Increased 94 percent from $4.9 billion in 2015 (last historical peak was $7.7 billion in 2008)
   
• IRA/Keogh accounts: 2 percent increase
• Nearing a previous amount not seen since 2014 ($2.1 billion)
• Increased 6 percent from $2 billion in 2016 (record high was $2.3 billion in 2009)

 

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 6,200 individuals were employed (-1 percent decrease)