NEVADA
4Q 2020 Credit Union Snapshot

15 Locally Headquartered Credit Unions

Eight counties include: Clark, Churchill, Elko, Mineral, Washoe, Carson City, Lincoln, and Washoe
 

Members: 373,000 (2 percent increase)

• 6,000 new members
• Reached a level not seen since 2010
• Up 17 percent from 319,000 in 2013 (record high was 383,000 in 2008)

Loans: $3.5 billion (10 percent increase) 

• Increased 86 percent from $1.9 billion in 2013
• Hit a record (last historical peak was $3 billion in 2008)
• 60 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: 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: 14 percent increase
• Hit a record of $1.5 billion
• Increased 57 percent from $982 million in 2013 (last historical peak was $1.25 billion in 2009)
   
• HELOCs/home equity loans (combined category): -6 percent decrease
• Dropped from an intermittent peak ($177 million in 2019) to $166 million (not seen since 2013)
• Increased 26 percent from $132 million in 2016 (record high was $417 million in 2006)
   
• New auto loans: -8 percent decrease
• Dropped from an intermittent peak ($435 million in 2019) to $400 million (not seen since early 2018)
• Increased 264 percent from $110 million in 2013 (record high was $657 million in 2006)
   
• Used auto loans: 0 percent change
• Remained at a record of $902 million
• Increased 134 percent from $385 million in 2011 (last historical peak was $502 million in 2008)
   
• Credit card lending: -15 percent decrease
• Dropped from a record ($89 million in 2017) to $74 million (not seen since 2014)
• Increased 16 percent from $64 million in 2012 (last historical peak was $79 million in 2008)
   
• Business loans: 62 percent increase
• Reached $587 million (includes landlord real estate loans)
• Category has fluctuated greatly between 2005 – 2020 from $86 million – $587 million

Deposits: $5.8 billion (24 percent increase)

• Increased 84 percent from $3.2 billion in 2012
• Hit a record (last historical peak was $3.6 billion in 2009)
• ($6.6 billion in assets)

• Checking accounts (share drafts): 31 percent increase
• Hit a record of $1.45 billion
• Increased 216 percent from $456 million in 2007 (last historical peak was $501 million in 2005)
   
• Savings accounts (regular shares): 30 percent increase
• Hit a record of $2.7 billion
• Increased 180 percent from $957 million in 2007 (last historical peak was $1.2 billion in 2005)
   
• Money market accounts: 13 percent increase
• Hit a record of $1.1 billion
• Increased 58 percent from $706 million in 2012 (last historical peak was $857 million in 2009)
   
• Certificates of deposit: 3 percent increase
• Rose to $345 million (not seen since 2011)
• Increased 46 percent from $237 million in 2017 (record high was $942 million in 2008)
   
• IRA/Keogh accounts: 7 percent increase
• Rose to $222 million (not seen since 2018)
• Increased 7 percent from $208 million in 2019 (record high was $346 million in 2009)

Operations: $66 million spent

Quarterly monies spent on employee payroll, benefits, property, office equipment, occupancy, and vendor contracts (estimated annual figure is $264 million)

• About 1,240 individuals were employed (-2 percent decrease)