13 Locally Headquartered Credit Unions

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


Members: 276,000 (2 percent increase)

  • 5,100 new members
  • Hit a record
  • Up 27 percent from 217,000 in 2011 (last historical peak was 231,000 in 2008)
     

Loans: $3 billion (4 percent increase)

  • Increased 90 percent from $1.6 billion in 2011
  • Hit a record (last historical peak was $1.8 billion in 2008)
  • 68 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: 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 2005)
     
  • HELOCs/home equity loans (combined category): -21 percent decrease
  • Dropped from an intermittent peak ($173 million in 2018) to $135 million (not seen since before 2005)
  • Fallen 61 percent from a record high of $342 million in 2008
     
  • New auto loans: -14 percent decrease
  • Dropped from a record ($405 million in 2019) to $348 million (not seen since 2017)
  • Increased 270 percent from $94 million in 2011 (last historical peak was $265 million in 2005)
     
  • Used auto loans: -1 percent decrease
  • Dropped from a record ($779 million in 2019) to $768 million (not seen since early 2019)
  • Increased 155 percent from $301 million in 2010 (last historical peak was $368 million in 2008)
     
  • Credit card lending: -13 percent decrease
  • Dropped from a record ($123 million in 2019) to $107 million (not seen since 2016)
  • Increased 75 percent from $61 million in 2011 (last historical peak was $68 million in 2008)
     
  • Business loans: 14 percent increase
  • Reached $230 million (includes landlord real estate loans)
  • Category has fluctuated greatly between 2005 – 2020 from $33 million – $230 million


Deposits: $4.4 billion (21 percent increase)

  • Increased 100 percent from $2.2 billion in 2011
  • Hit a record (category has always risen from 2005 – 2020)
  • ($4.9 billion in assets)
  • Checking accounts (share drafts): 34 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): 28 percent increase
  • Hit a record of $2.1 billion
  • Increased 330 percent from $487 million in 2007 (last historical peak was $558 million in 2005)
     
  • Money market accounts: 16 percent increase
  • Hit a record of $305 million
  • Category has fluctuated greatly between 2005 – 2020 from $216 million – $305 million
     
  • Certificates of deposit: -6 percent decrease
  • Dropped from a record ($578 million in 2019) to $544 million (not seen since early 2019)
  • Increased 54 percent from $354 million in 2014 (record high was $687 million in 2007)
     
  • IRA/Keogh accounts: 2 percent increase
  • Rose to $176 million (not seen since 2014)
  • Increased 7 percent from $164 million in 2018 (record high was $197 million in 2011)
 

Operations: $47 million spent

Quarterly monies spent on employee payroll, benefits, property, office equipment, occupancy, and vendor contracts (estimated annual figure is $186 million)
  • About 860 individuals were employed (1 percent increase)
California and Nevada Credit Union Leagues