NORTHERN NEVADA
2Q 2022 Credit Union Snapshot

7 Locally Headquartered Credit Unions

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

Members: 149,000 (3 percent increase)

• 3,600 new members
• Hit a record (prior historical peak was 96,000 in 2009)
  
  

Total Loans: $1.7 billion (10 percent increase)

• Hit a record (prior historical peak was $700 million in 2008)
• 65 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
• Reached $333 million
• Category has always risen since 2007
   
• HELOCs/home equity loans (combined category): 22 percent increase
• Reached $84 million
• Record high was $88 million in 2021
   
• New auto loans: 16 percent increase
• Reached $194 million
• Record high was $197 million in 2007
   
• Used auto loans: 14 percent increase
• Hit a record of $409 million (prior historical peak was $205 million in 2008)
   
• Credit card lending: 6 percent increase
• Reached $7 million
• Record high was $8 million in 2018
   
• Business loans: 27 percent increase
• Reached $202 million (includes landlord real estate loans)
• Category has fluctuated greatly between 2007 – 2021 from $9 million – $202 million

Total Deposits: $2.6 billion (11 percent increase)

• Hit a record (prior historical peak was $895 million in 2009)
• ($2.8 billion in assets)
• *Percentage increases and/or decreases represent dollar amount changes
  
  
   

• Checking accounts (share drafts): 0 percent change
• Remained at a record $754 million
• Category has always risen since 2007
   
• Savings accounts (regular shares): 17 percent increase
• Hit a record of $1.1 billion (prior historical peak was $216 million in 2007)
   
• Money market accounts: 20 percent increase
• Hit a record of $542 million (prior historical peak was $384 million in 2018)
   
• Certificates of deposit: 3 percent increase
• Reached $109 million
• Record high was $290 million in 2008
   
• IRA/Keogh accounts: 0 percent change
• Remained at $55 million
• Record high was $73 million in 2009

Operations: $46 million spent

Quarterly monies spent on employee payroll, benefits, property, office equipment, occupancy, and vendor contracts (estimated annual figure is $184 million)

• About 515 individuals were employed (-4 percent decrease)