7 Locally Headquartered Credit Unions

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

 

Members: 142,000 (5 percent increase)

  • 6,600 new members
  • Hit a record
  • Up 53 percent from 93,000 in 2009 (last historical peak was 96,000 in 2008)
     

Loans: $1.5 billion (35 percent increase)

  • Increased 191 percent from $521 million in 2012
  • Hit a record (last historical peak was $704 million in 2008)
  • 75 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: 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: 53 percent increase
  • Hit a record of $500 million
  • Increased 214 percent from $159 million in 2009 (last historical peak was $161 million in 2008)
     
  • HELOCs/home equity loans (combined category): -3 percent decrease
  • Dropped from a record high ($74 million in 2019) to $72 million (not seen since early 2019)
  • Increased 67 percent from $43 million in 2013 (last historical peak was $70 million in 2009)
     
  • New auto loans: 3 percent increase
  • Rose to $175 million (not seen since 2009)
  • Increased 218 percent from $55 million in 2012 (record high was $191 million in 2007)
     
  • Used auto loans: 10 percent increase
  • Hit a record of $372 million
  • Increased 158 percent from $144 million in 2012 (last historical peak was $203 million in 2008)
     
  • Credit card lending: -8 percent decrease
  • Dropped from an intermittent peak ($7.6 million in 2019) to $7 million (not seen since early 2016)
  • Declined 11 percent from a record high of $7.9 million in 2015 (but risen 33 percent from $5.3 million in 2009)
     
  • Business loans: 130 percent increase
  • Reached $303 million (includes landlord real estate loans)
  • Category has fluctuated greatly between 2005 – 2020 from $10 million – $303 million


Deposits: $2 billion (26 percent increase)

  • Increased 138 percent from $857 million in 2011
  • Hit a record (last historical peak was $874 million in 2009)
  • ($2.3 billion in assets)
  • Checking accounts (share drafts): 30 percent increase
  • Hit a record of $623 million
  • Increased 100 percent from $311 million in 2017 (category has always risen since 2005)
     
  • Savings accounts (regular shares): 38 percent increase
  • Hit a record of $812 million
  • Increased 308 percent from $199 million in 2007 (last historical peak was $256 million in 2005)
     
  • Money market accounts: 13 percent increase
  • Hit a record of $425 million
  • Increased 141 percent from $176 million in 2012 (last historical peak was $193 million in 2009)
     
  • Certificates of deposit: -5 percent decrease
  • Dropped from an intermittent peak ($117 million in 2019) to $111 million (not seen since early 2019)
  • Increased 41 percent from $79 million in 2013 (record high was $295 million in 2007)
     
  • IRA/Keogh accounts: 13 percent increase
  • Rose to $54 million (not seen since 2011)
  • Increased 15 percent from $47 million in 2018 (record high was $69 million in 2009)


Operations: $31 million spent

Quarterly monies spent on employee payroll, benefits, property, office equipment, occupancy, and vendor contracts (estimated annual figure is $124 million)
  • About 490 individuals were employed (3 percent increase)
California and Nevada Credit Union Leagues