13 Locally Headquartered Credit Unions

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

Members: 280,000 (2 percent increase)

  • 5,200 new members
  • Hit a record
  • Up 30 percent from 215,000 in 2011 (prior historical peak was 232,000 in 2008)

Total Loans: $3.1 billion (7 percent increase)

  • Increased 103 percent from $1.5 billion in 2011
  • Hit a record (prior historical peak was $1.8 billion in 2008)
  • 63 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: 18 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): -2 percent decrease
  • Declined from an intermittent peak ($178 million in 2019) to $142 million (not seen since before 2006)
  • Fallen 57 percent from a record high of $333 million in 2008
     
  • New auto loans: -6 percent decrease
  • Declined from a record ($408 million in 2019) to $335 million (not seen since 2017)
  • Increased 253 percent from $95 million in 2011 (prior historical peak was $239 million in 2006)
     
  • Used auto loans: 3 percent increase
  • Hit a record of $794 million
  • Increased 165 percent from $300 million in 2010 (prior historical peak was $380 million in 2008)
     
  • Credit card lending: -1 percent decrease
  • Declined from a record ($120 million in 2019) to $104 million (not seen since 2016)
  • Increased 76 percent from $59 million in 2011 (prior historical peak was $66 million in 2008)
     
  • Business loans: 18 percent increase
  • Reached $250 million (includes landlord real estate loans)
  • Category has fluctuated greatly between 2006 – 2021 from $33 million – $250 million


Total Deposits: $4.9 billion (17 percent increase)

  • Increased 100 percent from $2.45 billion in 2013
  • Hit a record (category has always risen from 2006 – 2021)
  • ($5.4 billion in assets)
  • *Percentage increases and/or decreases represent dollar amount changes


     
  • Checking accounts (share drafts): 20 percent increase
  • Hit a record of $1.3 billion
  • Increased 100 percent from $650 million in 2016 (category has always risen since 2006)
     
  • Savings accounts (regular shares): 21 percent increase
  • Hit a record of $2.4 billion
  • Increased 375 percent from $508 million in 2007 (prior historical peak was $521 million in 2006)
     
  • Money market accounts: 30 percent increase
  • Hit a record of $374 million
  • Category has fluctuated greatly between 2006 – 2021 from $215 million – $374 million
     
  • Certificates of deposit: -2 percent decrease
  • Declined from a record ($563 million in 2020) to $551 million (not seen since early 2019)
  • Increased 51 percent from $364 million in 2014 (record high was $668 million in 2008)
     
  • IRA/Keogh accounts: 0 percent change
  • Remained at $175 million (not seen since 2014)
  • Increased 5 percent from $166 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 895 individuals were employed (4 percent increase)
California and Nevada Credit Union Leagues