12 Locally Headquartered Credit Unions

Four counties include: Santa Barbara, San Luis Obispo, Monterey, and Santa Cruz
 

Members: 277,000 (2 percent increase)

  • 5,400 new members
  • Hit a record
  • Up 29 percent from 215,000 in 2011 (prior historical peak was 228,000 in 2010)


     

Total Loans: $3 billion (7 percent increase)

  • Increased 100 percent from $1.5 billion in 2011
  • Hit a record (prior historical peak was $1.7 billion in 2008)
  • 64 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: 20 percent increase
  • Hit a record of $1.5 billion
  • Increased 100 percent from $750 million in 2013 (category has almost always risen since 2006)
     
  • HELOCs/home equity loans (combined category): -12 percent decrease
  • Declined from an intermittent peak ($179 million in 2019) to $136 million (not seen since before 2006)
  • Fallen 60 percent from a record high of $336 million in 2009
     
  • New auto loans: -10 percent decrease
  • Declined from a record ($401 million in 2019) to $332 million (not seen since 2018)
  • Increased 246 percent from $96 million in 2012 (prior historical peak was $246 million in 2006)
     
  • Used auto loans: 1 percent increase
  • Hit a record of $769 million
  • Increased 158 percent from $298 million in 2010 (prior historical peak was $358 million in 2008)
     
  • Credit card lending: -6 percent decrease
  • Declined from a record ($118 million in 2019) to $102 million (not seen since 2016)
  • Increased 70 percent from $60 million in 2011 (prior historical peak was $65 million in 2009)
     
  • Business loans: 21 percent increase
  • Reached $247 million (includes landlord real estate loans)
  • Category has fluctuated greatly between 2006 – 2021 from $36 million – $247 million


Total Deposits: $4.7 billion (18 percent increase)

  • Increased 100 percent from $2.35 billion in 2013
  • Hit a record (category has always risen from 2006 – 2021)
  • ($5.3 billion in assets)
  • *Percentage increases and/or decreases represent dollar amount changes


     
  • Checking accounts (share drafts): 20 percent increase
  • Hit a record of $1.2 billion
  • Increased 100 percent from $600 million in 2015 (category has always risen since 2006)
     
  • Savings accounts (regular shares): 25 percent increase
  • Hit a record of $2.3 billion
  • Increased 344 percent from $521 million in 2007 (prior historical peak was $533 million in 2006)
     
  • Money market accounts: 25 percent increase
  • Hit a record of $340 million
  • Category has fluctuated greatly between 2006 – 2021 from $210 million – $340 million
     
  • Certificates of deposit: -5 percent decrease
  • Declined from a record ($583 million in 2020) to $555 million (not seen since early 2019)
  • Increased 54 percent from $361 million in 2015 (record high was $714 million in 2008)
     
  • IRA/Keogh accounts: 2 percent increase
  • Rose to $177 million (not seen since 2014)
  • Increased 5 percent from $168 million in 2018 (record high was $199 million in 2012)
 

Operations: $40 million spent

Quarterly monies spent on employee payroll, benefits, property, office equipment, occupancy, and vendor contracts (estimated annual figure is $161 million)
  • About 876 individuals were employed (2 percent increase)
California and Nevada Credit Union Leagues