SACRAMENTO COUNTY
2Q 2021 Credit Union Snapshot

8 Locally Headquartered Credit Unions

One county includes: Sacramento
 

Members: 1.43 million (2 percent increase)

• 26,300 new members
• Hit a record
• Up 72 percent from 827,000 in 2011 (prior historical peak was 916,000 in 2010)
  
  
   

Total Loans: $12.8 billion (4 percent increase)

• Increased 151 percent from $5.1 billion in 2013
• Hit a record (prior historical peak was $6.5 billion in 2006)
• 60 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: 15 percent increase
• Hit a record of $5.9 billion
• Increased 189 percent from $2 billion in 2013 (prior historical peak was $2.2 billion in 2008)
   
• HELOCs/home equity loans (combined category): -25 percent decrease
• Declined from an intermittent peak ($563 million in 2019) to $359 million (not seen since before 2006)
• Fallen 78 percent from a record high of $1.7 billion in 2008
   
• New auto loans: -9 percent decrease
• Declined from a record ($3.4 billion in 2019) to $2.7 billion (not seen since 2017)
• Increased 371 percent from $574 million in 2012 (prior historical peak was $1.5 billion in 2006)
   
• Used auto loans: 5 percent increase
• Hit a record of $2.8 billion
• Increased 226 percent from $858 million in 2008 (prior historical peak was $1.1 billion in 2006)
   
• Credit card lending: -6 percent decrease
• Declined from a record ($582 million in 2019) to $522 million (not seen since 2016)
• Increased 81 percent from $289 million in 2011 (prior historical peak was $302 million in 2010)
   
• Business loans: 6 percent increase
• Reached $274 million (includes landlord real estate loans)
• Category has fluctuated greatly between 2006 – 2021 from $161 million – $389 million

Total Deposits: $21.2 billion (19 percent increase)

• Increased 100 percent from $10.6 billion in 2014
• Hit a record (category has always risen from 2006 – 2021)
• ($23.6 billion in assets)
• *Percentage increases and/or decreases represent dollar amount changes
  
  
   

• Checking accounts (share drafts): 142 percent increase
• Hit a record of $5.1 billion
• Increased 763 percent from $595 million in 2008 (prior historical peak was $1.2 billion in 2006)
   
• Savings accounts (regular shares): -13 percent decrease
• Declined from a record ($6.9 billion in 2020) to $6 billion (not seen since 2019)
• Increased 279 percent from $1.6 billion in 2006 (category has always risen from 2006 – 2020)
   
• Money market accounts: 33 percent increase
• Hit a record of $6.8 billion
• Increased 412 percent from $1.3 billion in 2007 (prior historical peak was $1.4 billion in 2006)
   
• Certificates of deposit: -14 percent decrease
• Declined from an intermittent peak ($2.6 billion in 2020) to $2.3 billion (not seen since 2019)
• Increased 64 percent from $1.4 billion in 2014 (record high was $3 billion in 2008)
   
• IRA/Keogh accounts: 2 percent increase
• Rose to $713 million (not seen since 2014)
• Increased 3 percent from $692 million in 2019 (record high was $792 million in 2012)

 

Operations: $123 million spent

Quarterly monies spent on employee payroll, benefits, property, office equipment, occupancy, and vendor contracts (estimated annual figure is $491 million)

• About 2,940 individuals were employed (3 percent increase)