NORTHERN CALIFORNIA
4Q 2021 Credit Union Snapshot

8 Locally Headquartered Credit Unions

Five counties include: Humboldt, Del Norte, Lassen, Shasta, and Siskiyou
 

Members: 131,000 (3 percent increase)

• 4,100 new members
• Hit a record
• Up 39 percent from 94,000 in 2010 (prior historical peak was 96,000 in 2008)
  
  

Total Loans: $1.4 billion (8 percent increase)

• Increased 136 percent from $590 million in 2011
• Hit a record (prior historical peak was $629 million 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: 10 percent increase
• Hit a record of $700 million
• Increased 100 percent from $350 million in 2013 (category has always risen since 2006)
   
• HELOCs/home equity loans (combined category): 7 percent increase
• Rose to $64 million (not seen since 2012)
• Increased 49 percent from $43 million in 2015 (record high was $93 million in 2008)
   
• New auto loans: -6 percent decrease
• Declined from a record ($229 million in 2019) to $195 million (not seen since 2018)
• Increased 353 percent from $43 million in 2011 (prior historical peak was $82 million in 2006)
   
• Used auto loans: 5 percent increase
• Hit a record of $292 million
• Increased 161 percent from $112 million in 2012 (prior historical peak was $175 million in 2006)
   
• Credit card lending: -3 percent decrease
• Declined from a record ($26 million in 2019) to $21 million (not seen since 2012)
• Increased 17 percent from $18 million in 2006
   
• Business loans: 22 percent increase
• Reached $206 million (includes landlord real estate loans)
• Category has fluctuated greatly between 2006 – 2021 from $57 million – $206 million

Total Deposits: $2.6 billion (13 percent increase)

• Increased 100 percent from $1.3 billion in 2015
• Hit a record (category has always risen since 2006)
• ($3 billion in assets)
• *Percentage increases and/or decreases represent dollar amount changes
  
  
   

• Checking accounts (share drafts): 13 percent increase
• Hit a record of $663 million
• Increased 503 percent from $109 million in 2007 (prior historical peak was $114 million in 2006)
   
• Savings accounts (regular shares): 27 percent increase
• Hit a record of $645 million
• Increased 247 percent from $186 million in 2007 (prior historical peak was $198 million in 2006)
   
• Money market accounts: 28 percent increase
• Hit a record of $851 million
• Increased 100 percent from $425 million in 2015 (category has always risen since 2006)
   
• Certificates of deposit: -23 percent decrease
• Declined from a record ($445 million in 2019) to $341 million (not seen since early 2018)
• Increased 32 percent from $259 million in 2014 (prior historical peak was $340 million in 2008)
   
• IRA/Keogh accounts: 1 percent increase
• Hit a record of $109 million
• Increased 17 percent from $93 million in 2014 (prior historical peak was $97 million in 2012)

 

Operations: $19 million spent

Quarterly monies spent on employee payroll, benefits, property, office equipment, occupancy, and vendor contracts (estimated annual figure is $77 million)

• About 420 individuals were employed (6 percent increase)