7 Locally Headquartered Credit Unions

Five counties include: Churchill, Elko, Mineral, Washoe, and Carson City
 

Members: 147,000 (3 percent increase)

  • 4,800 new members
  • Hit a record
  • Up 56 percent from 94,000 in 2009 (prior historical peak was 96,000 in 2008)


Total Loans: $1.6 billion (5 percent increase)

  • Increased 206 percent from $521 million in 2012
  • Hit a record (prior historical peak was $704 million in 2008)
  • 67 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: 30 percent increase
  • Hit a record of $649 million
  • Increased 100 percent from $325 million in 2018 (category has always risen since 2006)
     
  • HELOCs/home equity loans (combined category): 22 percent increase
  • Hit a record of $88 million
  • Increased 100 percent from $44 million in 2013 (prior historical peak was $70 million in 2009)
     
  • New auto loans: -4 percent decrease
  • Declined from an intermittent peak ($175 million in 2020) to $168 million (not seen since 2019)
  • Increased 205 percent from $55 million in 2012 (record high was $191 million in 2007)
     
  • Used auto loans: -1 percent decrease
  • Declined from a record ($372 million in 2020) to $368 million (not seen since early 2020)
  • Increased 156 percent from $144 million in 2012 (prior historical peak was $203 million in 2008)
     
  • Credit card lending: -2 percent decrease
  • Declined from a record ($8.8 million in 2017) to $6.9 million (not seen since early 2014)
  • Increased 31 percent from $5.3 million in 2009 (prior historical peak was $7.3 million in 2008)
     
  • Business loans: 50 percent increase
  • Reached $455 million (includes landlord real estate loans)
  • Category has fluctuated greatly between 2006 – 2021 from $10 million – $455 million


Total Deposits: $2.4 billion (19 percent increase)

  • Increased 183 percent from $857 million in 2011
  • Hit a record (prior historical peak was $874 million in 2009)
  • ($2.7 billion in assets)
  • *Percentage increases and/or decreases represent dollar amount changes


     
  • Checking accounts (share drafts): 20 percent increase
  • Hit a record of $750 million
  • Increased 100 percent from $375 million in 2018 (category has always risen since 2006)
     
  • Savings accounts (regular shares): 27 percent increase
  • Hit a record of $1 billion
  • Increased 418 percent from $199 million in 2007 (prior historical peak was $218 million in 2006)
     
  • Money market accounts: 10 percent increase
  • Hit a record of $468 million
  • Increased 166 percent from $176 million in 2012 (prior historical peak was $193 million in 2009)
     
  • Certificates of deposit: -3 percent decrease
  • Declined from an intermittent peak ($117 million in 2019) to $108 million (not seen since 2019)
  • Increased 37 percent from $79 million in 2013 (record high was $295 million in 2007)
     
  • IRA/Keogh accounts: 1 percent increase
  • Rose to $54 million (not seen since 2011)
  • Increased 15 percent from $47 million in 2019 (record high was $69 million in 2009)


Operations: $31 million spent

Quarterly monies spent on employee payroll, benefits, property, office equipment, occupancy, and vendor contracts (estimated annual figure is $125 million)
  • About 480 individuals were employed (-2 percent decrease)
California and Nevada Credit Union Leagues