CENTRAL VALLEY
2Q 2022 Credit Union Snapshot

34 Locally Headquartered Credit Unions

Eight counties include: Kern, San Joaquin, Fresno, Kings, Merced, Stanislaus, Tulare, and Inyo
 

Members: 1.2 million (12 percent increase)

• 133,000 new members
• Hit a record (prior historical peak was 859,000 in 2009)
  
  

Total Loans: $9.1 billion (28 percent increase)

• Hit a record (prior historical peak was $5 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: 19 percent increase
• Hit a record of $2.5 billion (prior historical peak was $1.2 billion in 2008)
   
• HELOCs/home equity loans (combined category): 128 percent increase
• Hit a record of $1 billion (prior historical peak was $743 million in 2007)
   
• New auto loans: 7 percent increase
• Reached $1.7 billion
• Record high was $1.7 billion in 2019
   
• Used auto loans: 23 percent increase
• Hit a record of $2 billion (prior historical peak was $912 million in 2009)
   
• Credit card lending: 22 percent increase
• Hit a record of $379 million (prior historical peak was $372 million in 2008)
   
• Business loans: 189 percent increase
• Reached $174 million (includes landlord real estate loans)
• Category has fluctuated greatly between 2007 – 2021 from $28 million – $174 million

Total Deposits: $14.7 billion (15 percent increase)

• Hit a record (prior historical peak was $6.8 billion in 2009)
• ($16.6 billion in assets)
• *Percentage increases and/or decreases represent dollar amount changes
  
  
   

• Checking accounts (share drafts): 17 percent increase
• Hit a record of $3.3 billion (prior historical peak was $882 million in 2007)
   
• Savings accounts (regular shares): 18 percent increase
• Hit a record of $8.1 billion
• Category has always risen since 2007
   
• Money market accounts: 28 percent increase
• Hit a record of $1.4 billion (prior historical peak was $909 million in 2017)
   
• Certificates of deposit: -2 percent decrease
• Declined to $1.3 billion
• Record high was $2.7 billion in 2008
   
• IRA/Keogh accounts: 3 percent increase
• Reached $505 million
• Record high was $695 million in 2010

 

Operations: $168 million spent

Quarterly monies spent on employee payroll, benefits, property, office equipment, occupancy, and vendor contracts (estimated annual figure is $670 million)

• About 2,480 individuals were employed (10 percent increase)