13 Locally Headquartered Credit Unions

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


Members: 275,000 (2 percent increase)

  • 5,300 new members
  • Hit a record
  • Up 28 percent from 215,000 in 2011 (prior historical peak was 232,000 in 2008)
     

Loans: $2.9 billion (4 percent increase)

  • Increased 90 percent from $1.5 billion in 2011
  • Hit a record (last historical peak was $1.8 billion in 2008)
  • 69 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 personal loans, student loans, and “other” loans
  • First-mortgages: 14 percent increase
  • Hit a record of $1.3 billion
  • Increased 100 percent from $650 million in 2012 (category has almost always risen since 2005)
     
  • HELOCs/home equity loans (combined category): -19 percent decrease
  • Dropped from an intermittent peak ($178 million in 2019) to $145 million (not seen since before 2005)
  • Fallen 56 percent from a record high of $333 million in 2008
     
  • New auto loans: -12 percent decrease
  • Dropped from a record ($408 million in 2019) to $358 million (not seen since 2018)
  • Increased 277 percent from $95 million in 2011 (last historical peak was $264 million in 2005)
     
  • Used auto loans: -2 percent decrease
  • Dropped from a record ($784 million in 2019) to $771 million (not seen since early 2019)
  • Increased 157 percent from $300 million in 2010 (last historical peak was $380 million in 2008)
     
  • Credit card lending: -13 percent decrease
  • Dropped from a record ($120 million in 2019) to $105 million (not seen since 2016)
  • Increased 78 percent from $59 million in 2011 (last historical peak was $65 million in 2009)
     
  • Business loans: 8 percent increase
  • Reached $212 million (includes landlord real estate loans)
  • Category has fluctuated greatly between 2005 – 2020 from $32 million – $212 million


Deposits: $4.2 billion (18 percent increase)

  • Increased 100 percent from $2.1 billion in 2010
  • Hit a record (category has always risen from 2005 – 2020)
  • ($4.7 billion in assets)
  • Checking accounts (share drafts): 28 percent increase
  • Hit a record of $1.1 billion
  • Increased 100 percent from $550 million in 2014 (category has always risen since 2005)
     
  • Savings accounts (regular shares): 24 percent increase
  • Hit a record of $2 billion
  • Increased 293 percent from $508 million in 2007 (last historical peak was $581 million in 2005)
     
  • Money market accounts: 11 percent increase
  • Hit a record of $289 million
  • Category has fluctuated greatly between 2005 – 2020 from $215 million – $289 million
     
  • Certificates of deposit: 1 percent increase
  • Rose to $563 million (not seen since 2010)
  • Increased 55 percent from $364 million in 2014 (historical peak was $668 million in 2008)
     
  • IRA/Keogh accounts: 2 percent increase
  • Rose to $175 million (not seen since 2014)
  • Increased 5 percent from $166 million in 2018 (historical peak was $199 million in 2010)
 

Operations: $52 million spent

Quarterly monies spent on employee payroll, benefits, property, office equipment, occupancy, and vendor contracts (estimated annual figure is $207 million)
  • About 860 individuals were employed (1 percent increase)
California and Nevada Credit Union Leagues