7 Locally Headquartered Credit Unions

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

Members: 145,000 (4 percent increase)

  • 6,000 new members
  • Hit a record
  • Up 53 percent from 95,000 in 2011 (prior historical peak was 96,000 in 2010)


     

Total Loans: $1.5 billion (13 percent increase)

  • Increased 185 percent from $529 million in 2012
  • 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: 50 percent increase
  • Hit a record of $514 million
  • Increased 243 percent from $150 million in 2009 (prior historical peak was $156 million in 2008)
     
  • HELOCs/home equity loans (combined category): 8 percent increase
  • Hit a record of $81 million
  • Increased 85 percent from $44 million in 2013 (prior historical peak was $74 million in 2009)
     
  • New auto loans: 8 percent increase
  • Rose to $168 million (not seen since 2009)
  • Increased 205 percent from $55 million in 2013 (record high was $196 million in 2007)
     
  • Used auto loans: 10 percent increase
  • Hit a record of $360 million
  • Increased 150 percent from $144 million in 2012 (prior historical peak was $205 million in 2008)
     
  • Credit card lending: -1 percent decrease
  • Declined from a record ($8.3 million in 2018) to $7 million (not seen since early 2020)
  • Increased 37 percent from $5 million in 2009 (prior historical peak was $7 million in 2008)
     
  • Business loans: 131 percent increase
  • Reached $322 million (includes landlord real estate loans)
  • Category has fluctuated greatly between 2006 – 2021 from $10 million – $322 million


Total Deposits: $2.3 billion (24 percent increase)

  • Increased 173 percent from $852 million in 2011
  • Hit a record (prior historical peak was $895 million in 2009)
  • ($2.6 billion in assets)
  • *Percentage increases and/or decreases represent dollar amount changes


     
  • Checking accounts (share drafts): 26 percent increase
  • Hit a record of $753 million
  • Increased 100 percent from $377 million in 2018 (category has always risen since 2006)
     
  • Savings accounts (regular shares): 31 percent increase
  • Hit a record of $946 million
  • Increased 348 percent from $211 million in 2008 (prior historical peak was $243 million in 2006)
     
  • Money market accounts: 16 percent increase
  • Hit a record of $452 million
  • Increased 155 percent from $177 million in 2013 (prior historical peak was $198 million in 2010)
     
  • Certificates of deposit: -5 percent decrease
  • Declined from an intermittent peak ($118 million in 2019) to $106 million (not seen since 2018)
  • Increased 28 percent from $83 million in 2013 (record high was $290 million in 2008)
     
  • IRA/Keogh accounts: 14 percent increase
  • Rose to $55 million (not seen since 2012)
  • Increased 17 percent from $47 million in 2018 (record high was $73 million in 2009)


Operations: $22 million spent

Quarterly monies spent on employee payroll, benefits, property, office equipment, occupancy, and vendor contracts (estimated annual figure is $87 million)
  • About 500 individuals were employed (3 percent increase)
California and Nevada Credit Union Leagues