13 Locally Headquartered Credit Unions

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

Members: 274,000 (2 percent increase)

  • 5,700 new members
  • Hit a record
  • Up 26 percent from 218,000 in 2011 (prior historical peak was 231,000 in 2010)
     

Loans: $2.9 billion (5 percent increase)

  • Increased 87 percent from $1.5 billion in 2011
  • Hit a record (last historical peak was $1.7 billion in 2008)
  • 73 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: 13 percent increase
  • Hit a record of $1.2 billion
  • Increased 100 percent from $600 million in 2008 (category has almost always risen since 2005)
     
  • HELOCs/home equity loans (combined category): 14 percent decrease
  • Dropped from an intermittent peak ($179 million in 2019) to $155 million (not seen since 2017)
  • Fallen 54 percent from a record high of $336 million in 2009
     
  • New auto loans: 8 percent decrease
  • Dropped from a record ($405 million in 2019) to $372 million (not seen since 2018)
  • Increased 280 percent from $98 million in 2012 (last historical peak was $250 million in 2006)
     
  • Used auto loans: 0 percent change
  • Remained at a record of $774 million
  • Increased 156 percent from $302 million in 2010 (last historical peak was $364 million in 2008)
     
  • Credit card lending: 8 percent decrease
  • Dropped from a record ($118 million in 2019) to $109 million (not seen since 2018)
  • Increased 82 percent from $60 million in 2011 (last historical peak was $65 million in 2009)
     
  • Business loans: 2 percent increase
  • Reached $205 million (includes landlord real estate loans)
  • Category has fluctuated greatly between 2005 – 2020 from $33 million – $213 million


Deposits: $4 billion (16 percent increase)

  • Increased 100 percent from $2 billion in 2009
  • Hit a record (category has always risen from 2005 – 2020)
  • ($4.6 billion in assets)
  • Checking accounts (share drafts): 24 percent increase
  • Hit a record of $1 billion
  • Increased 100 percent from $500 million in 2013 (category has always risen since 2005)
     
  • Savings accounts (regular shares): 16 percent increase
  • Hit a record of $1.9 billion
  • Increased 253 percent from $527 million in 2007 (last historical peak was $585 million in 2005)
     
  • Money market accounts: 9 percent increase
  • Hit a record of $275 million
  • Category has fluctuated greatly between 2005 – 2020 from $212 million – $275 million
     
  • Certificates of deposit: 10 percent increase
  • Rose to $585 million (not seen since 2010)
  • Increased 62 percent from $362 million in 2015 (historical peak was $720 million in 2008)
     
  • IRA/Keogh accounts: 2 percent increase
  • Rose to $174 million (not seen since 2017)
  • Increased 4 percent from $168 million in 2018 (historical peak was $199 million in 2012)
 

Operations: $46 million spent

Quarterly monies spent on employee payroll, benefits, property, office equipment, occupancy, and vendor contracts (estimated annual figure is $187 million) 
  • About 870 individuals were employed (4 percent increase)
California and Nevada Credit Union Leagues