CENTRAL VALLEY
2Q 2021 Credit Union Snapshot

36 Locally Headquartered Credit Unions

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

Members: 1.1 million (6 percent increase)

• 60,800 new members
• Hit a record
• Up 27 percent from 886,000 in 2012 (prior historical peak was 903,000 in 2009)
  
  
   

Total Loans: $7.3 billion (9 percent increase)

• Increased 86 percent from $3.9 billion in 2012
• Hit a record (prior historical peak was $5.2 billion in 2008)
• 54 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: 11 percent increase
• Hit a record of $2.3 billion
• Increased 109 percent from $1.1 billion in 2012 (prior historical peak was $1.2 billion in 2009)
   
• HELOCs/home equity loans (combined category): 27 percent increase
• Rose to $521 million (not seen since 2011)
• Increased 64 percent from $317 million in 2015 (record high was $728 million in 2007)
   
• New auto loans: -1 percent decrease
• Declined from a record ($1.7 billion in 2019) to $1.6 billion (not seen since 2018)
• Increased 106 percent from $773 million in 2012 (prior historical peak was $1.6 billion in 2007)
   
• Used auto loans: 8 percent increase
• Hit a record of $1.7 billion
• Increased 97 percent from $858 million in 2011 (prior historical peak was $977 million in 2009)
   
• Credit card lending: -8 percent decrease
• Declined from an intermittent peak ($376 million in 2019) to $324 million (not seen since 2016)
• Increased 9 percent from $296 million in 2012 (record high was $388 million in 2008)
   
• Business loans: 41 percent increase
• Reached $308 million (includes landlord real estate loans)
• Category has fluctuated greatly between 2006 – 2021 from $49 million – $308 million

Total Deposits: $13.5 billion (20 percent increase)

• Increased 101 percent from $6.7 billion in 2011
• Hit a record (prior historical peak was $7.1 billion in 2009)
• ($15.2 billion in assets)
• *Percentage increases and/or decreases represent dollar amount changes
  
  
   

• Checking accounts (share drafts): 22 percent increase
• Hit a record of $2.9 billion
• Increased 225 percent from $901 million in 2008 (prior historical peak was $945 million in 2007)
   
• Savings accounts (regular shares): 25 percent increase
• Hit a record of $7.4 billion
• Increased 273 percent from $2 billion in 2008 (prior historical peak was $2.3 billion in 2006)
   
• Money market accounts: 21 percent increase
• Hit a record of $1.1 billion
• Increased 32 percent from $867 million in 2019 (prior historical peak was $928 million in 2017)
   
• Certificates of deposit: 3 percent increase
• Rose to $1.34 billion (not seen since 2014)
• Increased 5 percent from $1.28 billion in 2018 (record high was $2.8 billion in 2008)
   
• IRA/Keogh accounts: 3 percent increase
• Rose to $505 million (not seen since 2018)
• Declined from a record high of $714 million in 2010

 

Operations: $104 million spent

Quarterly monies spent on employee payroll, benefits, property, office equipment, occupancy, and vendor contracts (estimated annual figure is $414 million)

• About 2,400 individuals were employed (0 percent change)