13 Locally Headquartered Credit Unions

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

Members: 281,000 (2 percent increase)

  • 5,300 new members
  • Hit a record
  • Up 29 percent from 217,000 in 2011 (prior historical peak was 231,000 in 2008)


Total Loans: $3.1 billion (6 percent increase)

  • Increased 102 percent from $1.55 billion in 2011
  • Hit a record (prior historical peak was $1.8 billion in 2008)
  • 62 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: 12 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): 9 percent increase
  • Declined from an intermittent peak ($173 million in 2018) to $147 million (not seen since before 2006)
  • Fallen 57 percent from a record high of $342 million in 2008
     
  • New auto loans: -4 percent decrease
  • Declined from a record ($405 million in 2019) to $333 million (not seen since 2017)
  • Increased 254 percent from $94 million in 2011 (prior historical peak was $239 million in 2006)
     
  • Used auto loans: 4 percent increase
  • Hit a record of $802 million
  • Increased 166 percent from $301 million in 2010 (prior historical peak was $368 million in 2008)
     
  • Credit card lending: 3 percent increase
  • Declined from a record ($123 million in 2019) to $111 million (not seen since 2016)
  • Increased 82 percent from $61 million in 2011 (prior historical peak was $68 million in 2008)
     
  • Business loans: 13 percent increase
  • Reached $260 million (includes landlord real estate loans)
  • Category has fluctuated greatly between 2006 – 2021 from $34 million – $260 million


Total Deposits: $5 billion (16 percent increase)

  • Increased 100 percent from $2.5 billion in 2014
  • Hit a record (category has always risen since 2006)
  • ($5.6 billion in assets)
  • *Percentage increases and/or decreases represent dollar amount changes


     
  • Checking accounts (share drafts): 18 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): 18 percent increase
  • Hit a record of $2.5 billion
  • Increased 409 percent from $487 million in 2007 (prior historical peak was $532 million in 2006)
     
  • Money market accounts: 29 percent increase
  • Hit a record of $394 million
  • Category has fluctuated greatly between 2006 – 2021 from $217 million – $394 million
     
  • Certificates of deposit: 1 percent increase
  • Declined from an intermittent peak ($578 million in 2019) to $548 million (not seen since early 2019)
  • Increased 55 percent from $354 million in 2014 (record high was $687 million in 2007)
     
  • IRA/Keogh accounts: 0 percent change
  • Remained at $174 million (not seen since 2014)
  • Increased 6 percent from $164 million in 2018 (record high was $197 million in 2011)
 

Operations: $49 million spent

Quarterly monies spent on employee payroll, benefits, property, office equipment, occupancy, and vendor contracts (estimated annual figure is $197 million)
  • About 900 individuals were employed (4 percent increase)
California and Nevada Credit Union Leagues