NEVADA
1Q 2021 Credit Union Snapshot

15 Locally Headquartered Credit Unions

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

 

Members: 377,000 (2 percent increase)

• 8,600 new members
• Reached a level not seen since late 2009
• Up 18 percent from 319,000 in 2014 (record high was 381,000 in early 2009)

Loans: $3.5 billion (8 percent increase) 

• Increased 84 percent from $1.9 billion in 2014
• Hit a record (last historical peak was $2.9 billion in 2009)
• 56 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: 13 percent increase
• Hit a record of $1.5 billion
• Increased 55 percent from $981 million in 2014 (last historical peak was $1.23 billion in 2009)
   
• HELOCs/home equity loans (combined category): -10 percent decrease
• Declined from an intermittent peak ($183 million in 2020) to $166 million (not seen since 2019)
• Increased 23 percent from $135 million in 2016 (record high was $413 million in 2007)
   
• New auto loans: -9 percent decrease
• Declined from an intermittent peak ($425 million in 2020) to $388 million (not seen since late 2018)
• Increased 256 percent from $109 million in 2014 (record high was $648 million in 2007)
   
• Used auto loans: -1 percent decrease
• Declined from a record ($899 million in 2020) to $890 million (not seen since mid-2020)
• Increased 137 percent from $376 million in 2011 (last historical peak was $485 million in 2009)
   
• Credit card lending: -16 percent decrease
• Declined from a record ($85 million in 2018) to $69 million (not seen since 2014)
• Increased 13 percent from $61 million in 2013 (last historical peak was $74 million in 2009)
   
• Business loans: 60 percent increase
• Reached $602 million (includes landlord real estate loans)
• Category has fluctuated greatly between 2006 – 2021 from $66 million – $602 million

Deposits: $6.3 billion (29 percent increase)

• Increased 93 percent from $3.2 billion in 2013
• Hit a record (last historical peak was $3.7 billion in 2009)
• ($7.1 billion in assets)
• *Percentage increases and/or decreases represent dollar amount changes

• Checking accounts (share drafts): 36 percent increase
• Hit a record of $1.6 billion
• Increased 235 percent from $469 million in 2008 (last historical peak was $526 million in 2006)
   
• Savings accounts (regular shares): 38 percent increase
• Hit a record of $3 billion
• Increased 197 percent from $995 million in 2008 (last historical peak was $1.2 billion in 2006)
   
• Money market accounts: 18 percent increase
• Hit a record of $1.2 billion
• Increased 63 percent from $715 million in 2013 (last historical peak was $871 million in 2008)
   
• Certificates of deposit: 0 percent change
• Remains near $338 million (not seen since 2012)
• Increased 39 percent from $243 million in 2017 (record high was $987 million in 2008)
   
• IRA/Keogh accounts: 7 percent increase
• Rose to $222 million (not seen since 2017)
• Increased 7 percent from $207 million in 2020 (record high was $347 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 (-3 percent decrease)