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)
Fuel Solutions, Inc.