12 Locally Headquartered Credit Unions

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


Members: 275,000 (2 percent increase)

  • 4,800 new members
  • Hit a record
  • Up 27 percent from 216,000 in 2014 (last historical peak was 228,000 in 2010)
     

Loans: $3 billion (5 percent increase)

  • Increased 100 percent from $1.5 billion in 2011
  • Hit a record (last historical peak was $1.7 billion in 2009)
  • 65 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: 17 percent increase
  • Hit a record of $1.4 billion
  • Increased 100 percent from $700 million in 2012 (category has almost always risen since 2006)
     
  • HELOCs/home equity loans (combined category): -22 percent decrease
  • Declined from an intermittent peak ($177 million in 2019) to $130 million (not seen since before 2006)
  • Fallen 62 percent from a record high of $339 million in 2009
     
  • New auto loans: -14 percent decrease
  • Declined from a record ($395 million in 2019) to $332 million (not seen since 2018)
  • Increased 249 percent from $95 million in 2012 (last historical peak was $253 million in 2006)
     
  • Used auto loans: -2 percent decrease
  • Declined from a record ($776 million in 2020) to $760 million (not seen since early 2019)
  • Increased 159 percent from $293 million in 2010 (last historical peak was $340 million in 2009)
     
  • Credit card lending: -16 percent decrease
  • Declined from a record ($119 million in 2020) to $101 million (not seen since 2016)
  • Increased 69 percent from $59 million in 2012 (last historical peak was $65 million in 2009)
     
  • Business loans: 10 percent increase
  • Reached $234 million (includes landlord real estate loans)
  • Category has fluctuated greatly between 2006 – 2021 from $35 million – $234 million


Deposits: $4.6 billion (25 percent increase)

  • Increased 100 percent from $2.3 billion in 2012
  • Hit a record (category has always risen from 2006 – 2021)
  • ($5.2 billion in assets)
  • *Percentage increases and/or decreases represent dollar amount changes
  • Checking accounts (share drafts): 39 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): 34 percent increase
  • Hit a record of $2.2 billion
  • Increased 323 percent from $531 million in 2008 (last historical peak was $548 million in 2006)
     
  • Money market accounts: 23 percent increase
  • Hit a record of $325 million
  • Category has fluctuated greatly between 2006 – 2021 from $213 million – $325 million
     
  • Certificates of deposit: -8 percent decrease
  • Declined from a record ($594 million in 2020) to $548 million (not seen since early 2019)
  • Increased 54 percent from $356 million in 2015 (record high was $715 million in 2008)
     
  • IRA/Keogh accounts: 2 percent increase
  • Rose to $175 million (not seen since 2014)
  • Increased 4 percent from $169 million in 2018 (record high was $197 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 870 individuals were employed (1 percent increase)
California and Nevada Credit Union Leagues