NEVADA
2Q 2020 Credit Union Snapshot

15 Locally Headquartered Credit Unions

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

 

Members: 371,000 (2 percent increase)

• 7,300 new members
• Reached a level not seen since 2010
• Up 16 percent from 321,000 in 2014 (record high was 383,000 in 2008)
   

Loans: $3.4 billion (9 percent increase)

• Increased 81 percent from $1.9 billion in 2013
• Hit a record (last historical peak was $3 billion in 2008)
• 63 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: 7 percent increase
• Hit a record of $1.4 billion
• Increased 41 percent from $991 million in 2013 (last historical peak was $1.3 billion in 2008)
   
• HELOCs/home equity loans (combined category): 2 percent decrease
• Dropped to $175 million (not seen since 2013)
• Increased 33 percent from $132 million in 2016 (record high was $416 million in 2006)
   
• New auto loans: 6 percent decrease
• Dropped from an intermittent peak ($427 million in 2019) to $404 million (not seen since early 2019)
• Increased 264 percent from $111 million in 2014 (record high was $660 million in 2006)
   
• Used auto loans: 0 percent change
• Remained at a record high of $884 million
• Increased 134 percent from $378 million in 2011 (last historical peak was $503 million in 2005)
   
• Credit card lending: 10 percent decrease
• Dropped from a record ($85 million in 2018) to $75 million (not seen since 2015)
• Increased 23 percent from $61 million in 2013 (last historical peak was $76 million in 2008)
   
• Business loans: 13 percent increase
• Reached $394 million (includes landlord real estate loans)
• Category has fluctuated greatly between 2005 – 2020 from $68 million – $394 million

Deposits: $5.4 billion (17 percent increase)

• Increased 68 percent from $3.2 billion in 2011
• Hit a record (last historical peak was $3.7 billion in 2009)
• ($6.2 billion in assets)

• Checking accounts (share drafts): 24 percent increase
• Hit a record of $1.4 billion
• Increased 173 percent from $494 million in 2008 (last historical peak was $508 million in 2006)
   
• Savings accounts (regular shares): 19 percent increase
• Hit a record of $2.4 billion
• Increased 142 percent from $997 million in 2008 (last historical peak was $1.2 billion in 2005)
   
• Money market accounts: 7 percent increase
• Hit a record of $1 billion
• Increased 44 percent from $716 million in 2013 (last historical peak was $874 million in 2009)
   
• Certificates of deposit: 27 percent increase
• Rose to $340 million (not seen since 2012)
• Increased 44 percent from $236 million in 2018 (record high was $977 million in 2008)
   
• IRA/Keogh accounts: 1 percent decrease
• Dropped to a previous amount not seen since 2005 ($211 million)
• Fallen 40 percent from a record high of $352 million in 2009
   

Operations: $55 million spent

Quarterly monies spent on employee payroll, benefits, property, office equipment, occupancy, and vendor contracts (estimated annual figure is $220 million)

• About 1,260 individuals were employed (1 percent increase)