NEVADA
3Q 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)

• 7,200 new members
• Reached a level not seen since 2009
• Up 16 percent from 321,000 in 2013 (record high was 386,000 in 2008)

Loans: $3.4 billion (7 percent increase) 

• Increased 81 percent from $1.9 billion in 2013
• Hit a record (last historical peak was $3.1 billion in 2008)
• 62 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: 8 percent increase
• Hit a record of $1.4 billion
• Increased 44 percent from $989 million in 2013 (last historical peak was $1.3 billion in 2008)
   
• HELOCs/home equity loans (combined category): -7 percent decrease
• Dropped to $169 million (not seen since 2013)
• Increased 28 percent from $132 million in 2016 (record high was $427 million in 2006)
   
• New auto loans: -6 percent decrease
• Dropped from an intermittent peak ($436 million in 2019) to $408 million (not seen since early 2018)
• Increased 271 percent from $110 million in 2013 (record high was $615 million in 2005)
   
• Used auto loans: 2 percent increase
• Hit a record of $912 million
• Increased 139 percent from $381 million in 2011 (last historical peak was $529 million in 2008)
   
• Credit card lending: -13 percent decrease
• Dropped from a record ($86 million in 2017) to $73 million (not seen since 2014)
• Increased 18 percent from $62 million in 2013 (last historical peak was $77 million in 2008)
   
• Business loans: 22 percent increase
• Reached $428 million (includes landlord real estate loans)
• Category has fluctuated greatly between 2005 – 2020 from $78 million – $428 million

Deposits: $5.5 billion (21 percent increase)

• Increased 76 percent from $3.1 billion in 2012
• Hit a record (last historical peak was $3.6 billion in 2009)
• ($6.3 billion in assets)

• Checking accounts (share drafts): 23 percent increase
• Hit a record of $1.3 billion
• Increased 186 percent from $465 million in 2007 (last historical peak was $510 million in 2005)
   
• Savings accounts (regular shares): 25 percent increase
• Hit a record of $2.5 billion
• Increased 160 percent from $976 million in 2008 (last historical peak was $1.2 billion in 2005)
   
• Money market accounts: 12 percent increase
• Hit a record of $1.1 billion
• Increased 55 percent from $707 million in 2012 (last historical peak was $870 million in 2009)
   
• Certificates of deposit: 29 percent increase
• Rose to $343 million (not seen since 2012)
• Increased 48 percent from $231 million in 2018 (record high was $933 million in 2008)
   
• IRA/Keogh accounts: 4 percent increase
• Rose to $219 million (not seen since 2018)
• Increased 4 percent from $210 million in 2019 (record high was $353 million in 2009)

Operations: $72 million spent

Quarterly monies spent on employee payroll, benefits, property, office equipment, occupancy, and vendor contracts (estimated annual figure is $287 million)

• About 1,250 individuals were employed (-2 percent decrease)