GREATER NAPA VALLEY
1Q 2021 Credit Union Snapshot

10 Locally Headquartered Credit Unions

Six counties include: Napa, Sonoma, Solano, Mendocino, Sutter, and Yolo
 

Members: 696,000 (4 percent increase)

• 28,400 new members
• Hit a record
• Up 44 percent from 482,000 in 2014 (last historical peak was 512,000 in 2012)
   

Loans: $9.5 billion (12 percent increase)

• Increased 207 percent from $3.1 billion in 2011
• Hit a record (last historical peak was $3.5 billion in 2009)
• 77 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: 29 percent increase
• Hit a record of $4.7 billion
• Increased 213 percent from $1.5 billion in 2014 (category has always risen from 2006 – 2021)
   
• HELOCs/home equity loans (combined category): -17 percent decrease
• Declined from an intermittent peak ($608 million in 2019) to $472 million (not seen since 2018)
• Increased 34 percent from $352 million in 2014 (record high was $645 million in 2009)
   
• New auto loans: -7 percent decrease
• Declined from a record ($1.45 billion in 2019) to $1.3 billion (not seen since late 2019)
• Increased 324 percent from $311 million in 2012 (last historical peak was $802 million in 2007)
   
• Used auto loans: 1 percent increase
• Hit a record of $2 billion
• Increased 178 percent from $704 million in 2011 (last historical peak was $799 million in 2009)
   
• Credit card lending: -12 percent decrease
• Declined from a record ($484 million in 2020) to $424 million (not seen since 2018)
• Increased 86 percent from $228 million in 2012 (last historical peak was $235 million in 2009)
   
• Business loans: 8 percent increase
• Reached $640 million (includes landlord real estate loans)
• Category has fluctuated greatly between 2006 – 2021 from $146 million – $640 million

Deposits: $12.4 billion (27 percent increase)

• Increased 100 percent from $6.2 billion in 2016
  Hit a record (category has always risen from 2006 – 2021)
• ($14 billion in assets)
• *Percentage increases and/or decreases represent dollar amount changes

• Checking accounts (share drafts): -57 percent decrease
• Declined from a record ($3.8 billion in 2020) to $1.6 billion (not seen since late 2019)
• Increased 338 percent from $376 million in 2010 (last historical peak was $468 million in 2009)
   
• Savings accounts (regular shares): 106 percent increase
• Hit a record of $5 billion
• Increased 655 percent from $666 million in 2008 (last historical peak was $873 million in 2006)
   
• Money market accounts: 183 percent increase
• Hit a record of $3.7 billion
• Increased 100 percent from $1.85 billion in 2016 (category has always risen since 2006)
   
• Certificates of deposit: -14 percent decrease
• Declined from a record ($1.6 billion in 2020) to $1.4 billion (not seen since late 2019)
• Increased 115 percent from $654 million in 2015 (last historical peak was $1.5 billion in 2008)
   
• IRA/Keogh accounts: 5 percent increase
• Hit a record $380 million
• Increased 21 percent from $314 million in 2015 (last historical peak was $352 million in 2012)

 

Operations: $111 million spent

Quarterly monies spent on employee payroll, benefits, property, office equipment, occupancy, and vendor contracts (estimated annual figure is $444 million)

• About 1,920 individuals were employed (2 percent increase)