SACRAMENTO COUNTY
1Q 2021 Credit Union Snapshot

8 Locally Headquartered Credit Unions

One county includes: Sacramento

 

Members: 1.4 million (2 percent increase)

• 30,700 new members
• Hit a record
• Up 71 percent from 831,000 in 2011 (last historical peak was 922,000 in 2010)
   

Loans: $12.5 billion (2 percent increase)

• Increased 148 percent from $5 billion in 2013
• Hit a record (last historical peak was $6.4 billion in 2007)
• 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: 14 percent increase
• Hit a record of $5.5 billion
• Increased 172 percent from $2 billion in 2013 (last historical peak was $2.2 billion in 2009)
   
• HELOCs/home equity loans (combined category): -27 percent decrease
• Declined from an intermittent peak ($551 million in 2019) to $381 million (not seen since before 2006)
• Fallen 77 percent from a record high of $1.7 billion in 2008
   
• New auto loans: -10 percent decrease
• Declined from a record ($3.5 billion in 2019) to $2.8 billion (not seen since 2016)
• Increased 390 percent from $561 million in 2012 (last historical peak was $1.5 billion in 2006)
   
• Used auto loans: 3 percent increase
• Rose to $2.7 billion (nearly prior record in 2019)
• Increased 221 percent from $854 million in 2009 (last historical peak was $1.1 billion in 2006)
   
• Credit card lending: -15 percent decrease
• Declined from a record ($600 million in 2020) to $512 million (not seen since 2016)
• Increased 79 percent from $286 million in 2011 (last historical peak was $300 million in 2010)
   
• Business loans: 3 percent increase
• Reached $266 million (includes landlord real estate loans)
• Category has fluctuated greatly between 2006 – 2021 from $157 million – $382 million

Deposits: $20.7 billion (27 percent increase)

• Increased 100 percent from $10.4 billion in 2014
• Hit a record (category has always risen from 2006 – 2021)
• ($23.1 billion in assets)
• *Percentage increases and/or decreases represent dollar amount changes

• Checking accounts (share drafts): 68 percent increase
• Hit a record of $2.4 billion
• Increased 274 percent from $627 million in 2009 (last historical peak was $1.2 billion in 2008)
   
• Savings accounts (regular shares): 32 percent increase
• Hit a record of $8.6 billion
• Increased 461 percent from $1.5 billion in 2008 (last historical peak was $1.6 billion in 2007)
   
• Money market accounts: 36 percent increase
• Hit a record of $6.5 billion
• Increased 377 percent from $1.4 billion in 2007 (last historical peak was $1.5 billion in 2006)
   
• Certificates of deposit: -12 percent decrease
• Declined from an intermittent peak ($2.7 billion in 2020) to $2.4 billion (not seen since 2019)
• Increased 71 percent from $1.4 billion in 2014 (record high was $3.1 billion in 2008)
   
• IRA/Keogh accounts: 3 percent increase
• Rose to $710 million (not seen since 2014)
• Increased 3 percent from $692 million in 2020 (record high was $785 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 2,960 individuals were employed (3 percent increase)