NEVADA
3Q 2021 Credit Union Snapshot

15 Locally Headquartered Credit Unions

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

Members: 379,000 (2 percent increase)

• 6,200 new members
• Reached a level not seen since late 2009
• Up 18 percent from 321,000 in 2013 (record high was 386,000 in early 2008)
  
  

Total Loans: $3.5 billion (2 percent increase) 

• Increased 85 percent from $1.9 billion in 2013
• Hit a record (prior historical peak was $3.1 billion in 2008)
• 53 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: 9 percent increase
• Hit a record of $1.6 billion
• Increased 57 percent from $989 million in 2013 (prior historical peak was $1.3 billion in 2008)
   
• HELOCs/home equity loans (combined category): 20 percent increase
• Rose to $202 million (not seen since 2012)
• Increased 53 percent from $132 million in 2016 (record high was $427 million in 2006)
   
• New auto loans: -9 percent decrease
• Declined from an intermittent peak ($436 million in 2019) to $370 million (not seen since 2018)
• Increased 236 percent from $110 million in 2013 (record high was $660 million in 2006)
   
• Used auto loans: -2 percent decrease
• Declined from a record ($912 million in 2020) to $895 million (not seen since 2019)
• Increased 135 percent from $381 million in 2011 (prior historical peak was $529 million in 2008)
   
• Credit card lending: -6 percent decrease
• Declined from a record ($86 million in 2017) to $69 million (not seen since 2014)
• Increased 11 percent from $62 million in 2013 (prior historical peak was $77 million in 2008)
   
• Business loans: 60 percent increase
• Reached $684 million (includes landlord real estate loans)
• Category has fluctuated greatly between 2006 – 2021 from $136 million – $684 million

Total Deposits: $6.5 billion (20 percent increase)

• Increased 101 percent from $3.2 billion in 2011
• Hit a record (prior historical peak was $3.7 billion in 2009)
• ($7.3 billion in assets)
• *Percentage increases and/or decreases represent dollar amount changes
  
  
   

• Checking accounts (share drafts): 20 percent increase
• Hit a record of $1.6 billion
• Increased 228 percent from $494 million in 2008 (prior historical peak was $508 million in 2006)
   
• Savings accounts (regular shares): 26 percent increase
• Hit a record of $3 billion
• Increased 205 percent from $997 million in 2008 (prior historical peak was $1.2 billion in 2006)
   
• Money market accounts: 15 percent increase
• Hit a record of $1.2 billion
• Increased 67 percent from $716 million in 2013 (prior historical peak was $874 million in 2009)
   
• Certificates of deposit: 0 percent change
• Remains near $341 million (not seen since 2012)
• Increased 44 percent from $236 million in 2018 (record high was $977 million in 2008)
   
• IRA/Keogh accounts: 6 percent increase
• Rose to $223 million (not seen since 2017)
• Increased 6 percent from $211 million in 2020 (record high was $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 $218 million)

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