7 Locally Headquartered Credit Unions

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

 

Members: 141,000 (5 percent increase)

  • 6,600 new members
  • Hit a record
  • Up 50 percent from 94,000 in 2011 (last historical peak was 96,000 in 2008)
     

Loans: $1.4 billion (21 percent increase)

  • Increased 162 percent from $523 million in 2012
  • Hit a record (last historical peak was $705 million in 2008)
  • 74 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: 13 percent increase
  • Hit a record of $371 million
  • Increased 129 percent from $162 million in 2011 (last historical peak was $166 million in 2010)
     
  • HELOCs/home equity loans (combined category): -6 percent decrease
  • Dropped from a record high ($76 million in 2019) to $72 million (not seen since early 2019)
  • Increased 67 percent from $43 million in 2013 (last historical peak was $73 million in 2009)
     
  • New auto loans: 3 percent increase
  • Rose to $174 million (not seen since 2008)
  • Increased 211 percent from $56 million in 2013 (historical peak was $198 million in 2007)
     
  • Used auto loans: 12 percent increase
  • Hit a record of $373 million
  • Increased 161 percent from $143 million in 2012 (last historical peak was $205 million in 2008)
     
  • Credit card lending: -7 percent decrease
  • Dropped from an intermittent peak ($7.5 million in 2019) to $7 million (not seen since early 2018)
  • Increased 36 percent from $5.1 million in 2009 (record high was $7.6 million in 2015)
     
  • Business loans: 11 percent increase
  • Reached $155 million (includes landlord real estate loans)
  • Category has fluctuated greatly between 2005 – 2020 from $10 million – $161 million


Deposits: $1.9 billion (22 percent increase)

  • Increased 125 percent from $862 million in 2011
  • Hit a record (last historical peak was $868 million in 2009)
  • ($2.2 billion in assets)
  • Checking accounts (share drafts): 23 percent increase
  • Hit a record of $589 million
  • Increased 212 percent from $189 million in 2013 (last historical peak was $193 million in 2012)
     
  • Savings accounts (regular shares): 32 percent increase
  • Hit a record of $757 million
  • Increased 266 percent from $207 million in 2007 (last historical peak was $260 million in 2005)
     
  • Money market accounts: 15 percent increase
  • Hit a record of $419 million
  • Increased 139 percent from $175 million in 2012 (last historical peak was $192 million in 2009)
     
  • Certificates of deposit: -5 percent decrease
  • Dropped from an intermittent peak ($117 million in 2019) to $112 million (not seen since 2011)
  • Increased 45 percent from $77 million in 2013 (record high was $279 million in 2008)
     
  • IRA/Keogh accounts: 12 percent increase
  • Rose to $53 million (not seen since 2012)
  • Increased 13 percent from $47 million in 2018 (historical peak was $71 million in 2009)

Operations: $34 million spent

Quarterly monies spent on employee payroll, benefits, property, office equipment, occupancy, and vendor contracts (estimated annual figure is $136 million)
  • About 490 individuals were employed (2 percent increase)
California and Nevada Credit Union Leagues