NEVADA
2Q 2022 Credit Union Snapshot

15 Locally Headquartered Credit Unions

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

Members: 386,000 (2 percent increase)

• 7,600 new members
• Hit a record (prior historical peak was 383,000 in 2008)
  
  

Total Loans: $3.8 billion (9 percent increase) 

• Hit a record (prior historical peak was $3 billion in 2008)
• 54 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: 7 percent increase
• Hit a record of $1.1 billion (prior historical peak was $800 million in 2008)
   
• HELOCs/home equity loans (combined category): 11 percent increase
• Reached $212 million
• Record high was $417 million in 2006
   
• New auto loans: 12 percent increase
• Reached $424 million
• Record high was $633 million in 2007
   
• Used auto loans: 10 percent increase
• Hit a record of $977 million (prior historical peak was $484 million in 2008)
   
• Credit card lending: 4 percent increase
• Reached $72 million
• Record high was $85 million in 2018
   
• Business loans: 14 percent increase
• Reached $556 million (includes landlord real estate loans)
• Category has fluctuated greatly between 2007 – 2022 from $128 million – $556 million

Total Deposits: $7.1 billion (10 percent increase)

• Hit a record (prior historical peak was $3.7 billion in 2009)
• ($7.8 billion in assets)
• *Percentage increases and/or decreases represent dollar amount changes
  
  
   

• Checking accounts (share drafts): 5 percent increase
• Hit a record of $1.7 billion
• Category has always risen since 2007
   
• Savings accounts (regular shares): 13 percent increase
• Hit a record of $3.5 billion (prior historical peak was $1 billion in 2007)
   
• Money market accounts: 15 percent increase
• Hit a record of $1.4 billion (prior historical peak was $874 million in 2009)
   
• Certificates of deposit: -15 percent decrease
• Declined to $292 million
• Record high was $977 million in 2008
   
• IRA/Keogh accounts: -1 percent decrease
• Declined to $220 million
• Record high was $352 million in 2009

Operations: $91 million spent

Quarterly monies spent on employee payroll, benefits, property, office equipment, occupancy, and vendor contracts (estimated annual figure is $362 million)

• About 1,250 individuals were employed (1 percent increase)