7 Locally Headquartered Credit Unions

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

 

Members: 139,000 (5 percent increase)

  • 6,200 new members
  • Hit a record
  • Up 46 percent from 95,000 in 2011 (last historical peak was 96,000 in 2010)
     

Loans: $1.3 billion (21 percent increase)

  • Increased 153 percent from $529 million in 2012
  • Hit a record (last historical peak was $700 million in 2008)
  • 68 percent loan-to-deposit ratio (loaned out)
  • *A small portion of total loans may be through “loan participations”
  • **Total loans do not include the much smaller sub-categories of personal loans, student loans, and “other” loans
  • First-mortgages: 11 percent increase
  • Hit a record of $344 million
  • Increased 114 percent from $161 million in 2011 (last historical peak was $165 million in 2010)
     
  • HELOCs/home equity loans (combined category): 1 percent decrease
  • Remained near a record high of $75 million
  • Increased 70 percent from $44 million in 2013 (last historical peak was $73 million in 2009)
     
  • New auto loans: 6 percent decrease
  • Dropped from an intermittent peak ($166 million in 2019) to $156 million (not seen since early 2018)
  • Increased 184 percent from $55 million in 2013 (record high was $196 million in 2007)
     
  • Used auto loans: 2 percent decrease
  • Dropped from a record ($332 million in 2019) to $327 million (not seen since early 2019)
  • Increased 127 percent from $144 million in 2012 (last historical peak was $205 million in 2008)
     
  • Credit card lending: 7 percent decrease
  • Dropped from a record ($8.3 million in 2018) to $6.9 million (not seen since 2017)
  • Increased 193 percent from $4.9 million in 2009 (last historical peak was $7 million in 2008)
     
  • Business loans: 6 percent increase
  • Reached $140 million (includes landlord real estate loans)
  • Category has fluctuated greatly between 2005 – 2020 from $9 million – $160 million


Deposits: $1.9 billion (20 percent increase)

  • Increased 121 percent from $852 million in 2011
  • Hit a record (last historical peak was $895 million in 2009)
  • ($2.1 billion in assets)
  • Checking accounts (share drafts): 28 percent increase
  • Hit a record of $599 million
  • Increased 250 percent from $171 million in 2010 (category has always risen since 2005)
     
  • Savings accounts (regular shares): 27 percent increase
  • Hit a record of $724 million
  • Increased 243 percent from $211 million in 2008 (last historical peak was $266 million in 2005)
     
  • Money market accounts: 7 percent increase
  • Hit a record of $390 million
  • Increased 120 percent from $177 million in 2013 (last historical peak was $198 million in 2010)
     
  • Certificates of deposit: 6 percent decrease
  • Dropped from an intermittent peak ($118 million in 2019) to $111 million (not seen since early 2011)
  • Increased 31 percent from $85 million in 2017 (record high was $290 million in 2008)
     
  • IRA/Keogh accounts: 2 percent decrease
  • Dropped to a previous amount not seen since early 2019 ($48 million)
  • Fallen 34 percent from a record high of $73 million in 2009

Operations: $27 million spent

Quarterly monies spent on employee payroll, benefits, property, office equipment, occupancy, and vendor contracts (estimated annual figure is $108 million)
  • About 480 individuals were employed (4 percent increase)
California and Nevada Credit Union Leagues